2� 17� 1755
<br /> DEED �F TRUST
<br /> �Continued� Page 7
<br /> courts of Hali Caunty, Sta�e of Nebraska.
<br /> No Vllai�er by Lender. Lender shaf� not be deemed ta ha�e wai�ed any rights under this Deed ❑f Trus�unless such
<br /> wai��r is gi�en in writing and signed by Lender. No delay or amfssivn on the part❑# Lender in exercising any right
<br /> sha�! vperate as a wai�er of su�h right vr any �ther right. A wai�er by Lender�f a pro�ision o�this Deed v�Trust
<br /> shall not prejudice or consti�ute a wai�er of Lender's right otherwise tv demand strict compiiance with that
<br /> pro�ision vr any o�her pro�ision o� th�s Deed of Tr�st. No p�ior wai�er by Lender, nar any cou�se of dealing
<br /> between Lender and Trustor, shall constitu�e a wai�er a# any af Lender's rights or v# any vf Trustor's obligatEons
<br /> as to any future transa�tions. Vllhene�er�he cansent a# Lender is required unde� this Deed of Trust, �he granting
<br /> of such consent by Lender in any �nstan�e sha[I nat cons�itut� �ontinuing cons�nt to subsequent +nstances where
<br /> such consent is requ�red and in a�l cases such consent may be granted vr withheld in the sole discretion of Lende�.
<br /> Se�erabili#y. If a court of �ompeten�jurisdiction finds any pravisian of this ❑eed of Trust ta he illegal, �n�alid, or
<br /> unenforceable as to any circumstance, that finding shall not make the of�ending pro�ision illegal, in�al�d, ar
<br /> unenfarceable as to any other circums�ance. lf feasible, �he offending pro�is�vn shall be cansidered modi��ed so
<br /> that it becflmes legal, �afid and enforceable. �f the offending pro�isi�n cannat be sa mfldified, it shall E�e
<br /> considered deleted �rom th�s Deed of Trust. Unless otherwise required hy law, the ille�ality, in�aiid�ty, or
<br /> unenforceability o�any pro��s�on af this Deed of Trust sha[[ not affec�th� legality, �alidity or enfor�eabi�ity of any
<br /> other pr��ision of this Deed o�Trus�.
<br /> Successvrs and Assigns. Su�ject ta any limitations sta�ed in this Deed of Trust ❑n trans��r o#Trus'�o�'s interes�,
<br /> this ❑��d of Trust shall be t�inding upon and inure �o the henefi� of �the parties, their successors and assigns. If
<br /> ownership of the Property be�omes �ested in a person vther than Trusto�, Lender, without nvtice to Trustvr, may
<br /> deaC with Trustor's successors with referen�e�o�his Deed of Trus�and the lndebtedness by way o�forbea�ance or
<br /> extension without releasing Trustor from the obligations of this Deed vf Trust flr liability under�he �ndebt�dness.
<br /> Time is o#the Essence. Time is of th�essence in the pe�#vrmance vf this Deed of Trust.
<br /> Waive Jury. All parties to this Deed vf Trust hereby waive�he right to any�ury trial in any act�on, proceeding, or
<br /> cvun�erc�aim brought by any par�y against any vther party,
<br /> INai�er of Homestead Exemption. Trustor hereby releases and wai�es al! rights and bene�its of the homestead
<br /> exemption laws❑f the Stat�o�Nebraska as to a�l [ndebtedness secured by this Deed of Trust.
<br /> ❑EF�NlTIflNS. The �vilowing cap�tali�ed words and �erms shall ha�e�he fo�lowing meanings when used in this Deed �f
<br /> T�us�. Unless specificaily stated to the contrary, all references t� dollar amounts shall mean amv�nts in law�ul money
<br /> of �he United Stat�s �f Ameri�a. VVords and terms used ':n the singuLar shall include the p�ural, and th� plural shall
<br /> include the singu[ar, as the contex� may require. INords and terms not otherwise de�ined in this Deed of Trust shall
<br /> ha�e the meanings attributed tv such terms in the Un�form �ommerc�af Code:
<br /> Benefic�ary. The word "Beneficiary" means Exchange Bank, and its successors and assigns.
<br /> Bor�vwer. The wflrd "Borrower" means Huff Home 5alutions LL� and includes a[� �o-signers and co-makers
<br /> signing�he Nate and all th�ir succ�ssors and assigns.
<br /> Deed a� Trust. The wards "Deed o� Trust" mean this Deed of Trust among Trustor, Lender, and Trust�e, and
<br /> includes withau� lirn�tation all assignment and security interest pro�isions �elating to the Persanal Prvperty and
<br /> Rents.
<br /> Defauit, The word "D�#au1�" means the Default set fvr�h in this Deed of Trust in the sec�ion#it�ed "Defaul#".
<br /> En�irvnmen�al Laws. The words "En�irvnmenta� Laws" mean any and ail s�ate, #ederaf and focal statutes,
<br /> regulatians and vrd�nances relating �o the prv�ec�ion of human health ar the en�iranment, including without
<br /> limitation �he Comprehensi�e En�ironmental Respans�, Compensation, and Liability Act �f 198�, as amended, 42
<br /> U.S.C. S�ction 9�4�, et seq. t"CERCLA"3, the Super�und Amendments and Reauthorizativn Act ❑� 1985, Pub. L.
<br /> No. 99-49� {"SARA"'�,the Ha�ardous Materials Transp�rta�ion Act, 49 L1.S.C. Sect�Qn 18�1, e�seq., the Resourc�
<br /> Canser�ation and Reco�ery A�t, 4� U.S.C. 5ect�on 69�1, ��se�., or other applicahle sta�e or federal laws, ru[es,
<br /> ❑r regulations adapted pursuan�thereto.
<br /> E�ent of�efault. The wvrds "E�ent vf Default" mean any af the-��e�n�t�s:`��'�':�e�'ault�set. art��in this Deed ❑f Trust in
<br /> h � ��
<br /> t e e ents of default secfiion o�th�s Deed of T�ust.
<br /> � � . -�
<br /> Guarantor, The word "�uarantor" means any guarantor,�sure�y, or acca.mmodatia�-party of any ar a�� af �he
<br /> i ndehtedness. ��- -
<br /> Gua�an�ty. The word "Guaran�y" means the guaranty �ram Guarantor to Lender, in�luding without �imitation a
<br /> guaranty vf a[I or part of the Nvte.
<br /> Ha�ardous Substances. Th� words "Hazardous Suhs�an�es" mean materials that, �ecause o� their quan�t�ty,
<br /> cancentration or physica�, chemica� or in�fec�ivus �harac�eristi�s, may cause ❑r pos� a present or po�en�iat haza�d
<br /> �a human h�alth or the en�ironment when improper�y used, treated, stored, disp�sed of, generated, manufactured,
<br /> �ransported or otherwis� handled. The words "Hazardous Substances" are used in their �ery broadest sense and
<br /> include v►rith�ut lim�tati�n any and all ha�ardous or taxic suhstances, materials or waste as defined by vr list�d
<br /> under the En�ironmental Laws. The term "Hazardous 5ubstances" als� incfudes, without lim�tation, p�troleum and
<br /> petroleum by-products vr any�raction thereo�and asbestos.
<br /> Impro�ements. The word Tf Impro�ements'" means all existing and future impra�ements, buildings, structures,
<br /> mabile hvmes affixed on the Real Property, facilities, additions, repla�ements and v�her c�nstruc�ion on the Real
<br /> Praperty.
<br /> Indebtedness, The word "�ndebt�dness" means a11 principal, �nterest, and other amounts, costs and expenses
<br /> payable under the Note or ReCated DoGuments, toge�her with a!! renerrvals ❑�, extensions of, mvdificatians of,
<br /> cvnsolidations of and substitutians for�he Nate or Related Documents and any amounts expended or advanced by
<br /> Lender ta discharge Trustv�'s vbliga�ivns ❑r expenses incurred by Trustee or Lender to en#orGe Trustvr's
<br /> obligatians under this Deed o� Trus�, together wi�h inter�st on such amounts as pro�ided in this Deed of Trust.
<br /> Speci�icaily, withvut limita�ion, �ndebtedness includes the future ad�ances se� forth in the Future Ad�ances
<br /> pro�ision, togeth�� wi�h all �n�erest �herevn and a�! amoun�s that may be indirectiy secur�d by the
<br /> Crass-Collatera�ization pra�ision af�his Deed of Trust.
<br /> Lender. The word "Lender" means Exchange Bank, its successo�s and assigns.
<br /> Nvte. The v►►ord "Note" means the promissory nvte da�ed March ��, 2Q�7, in the original princ�pal amount
<br /> of $9�,���.fl� from Trustor tv Lender, tvgether wi�h all renev►►als v�, ex�ensions of, modificat�ons a#,
<br /> refinancings of, cansolidations vf, and substitutions �or the promissory nate or agreernent. NflTlCE T� TRUST�R:
<br /> THE N�TE C�NTAI�IIS A VARIABLE 1NTEREST RATE.
<br /> Persvnal Prvperty, The words "Persnnal Property" mean all �quipmen�, fixtur�s, and o�her articles of personal
<br /> property now vr herea#ter owned by Trus#vr, and now or hereafiter a��a�hed or affixed to the Real Property;
<br /> �ogether with all accessivns, parts, and additions to, all repfacements of, and all suhstitutions ��r, any of such
<br /> proper�y; and tvgether wi�h a[l proceeds �including wi�hou� �imitation all insu�ance proceeds and refunds �f
<br /> premiums� from any sal�or other dispvsi�ion of the P�flperty.
<br /> . -��
<br /> �
<br />
|