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2� 17� 19�8
<br /> DEED �F TRUST
<br /> [�c�nti r1 u��!} Page S
<br /> amendmen�.
<br /> Caption H�adings. Caption headings in this Deed of Trusf are for con�enience purposes only and are no� to h�
<br /> used tv in#erpret ar defiine the pro�is�ans af�his C]eed of Trust.
<br /> Merger, There sha�l be no merger of the interest ar estate created by this De�d vf Trus�►nri�h any o#her interest ar
<br /> es�ate in the Prvper�y a�any time held by or for the ben�fit of Lender in any capaeity, without the wri�t�n consent
<br /> of Lender.
<br /> Go�erning Law. This Deed of Trust w��� he go�ern�d by federal law appticabte �o Lender and, to �he exten� not
<br /> pr�emp�ed hy federa� law,�he �aws of the State of Ns�araska without regard to its can�licts of!aw pra��sions. This
<br /> Deed nf Trust has heen accep�ed by Lender in the 5tate of Nebraska.
<br /> Join� and Se�erai Liab�lity. A�l ob�igations of Trustor under this Deed of Trust shall be joint and se�era�, and all
<br /> references ta Trustor shall mean each and e�ery Trusfor. This means that each Trustor signing below is
<br /> responsible for a�l vbligations in�his Deed vf Trust.
<br /> No V�aive�r hy Lender. Trusfor understands Lender w�l! not give up any of Lender's righ#s under fihis ❑eed af Trust
<br /> unless Lender daes so �n writing. The fac� that Lender de�ays or omits to exerc�se any right►n►i[1 nat mean that
<br /> Lender has gi�en up that right. If Lender does agree in wri�ing to gi�e up one o� Lender's righ�s, that does not
<br /> mean Trustor will not ha�e to comp�y with the vther pro�isions o�this aeed of Trust. Trustor also understands
<br /> . that if Lender does consent to a request, that does nat mean that Trustor w�l� nvt have tv ge# Lender's consent
<br /> again �f the situat�on happens again. Trustor fu�ther understands fhat just becaus� Lender consents t�one or more
<br /> of Trustor's requests, that does nvt mean Lender will be required to consen#to any of Trustor's future �sques�s.
<br /> Trustar wai�es p�esentment, demand fvr payment, protest, and no#ice af dishonor.
<br /> Severah�l�#y. !�a court finds that any provision of this Deed of Trust is not �alid or should not be enforced, that
<br /> fact by its�lf will nat m�an that the rest of this Deed of Trust v+rill not be�alid or enforced. Therefore, a cou�t w�l�
<br /> enforce the res�of the pro�isions o�this Deed of Trus�even if a pro�ision o�this Deed of Trust may be�ound ta be
<br /> in�alid or unenforceable.
<br /> Succ�sso�s and Assigns. Subje�t to any �imitations stated �n �his Deed af Trust on transfer o�Trusfor's interes#,
<br /> this Deed af Trust shall be binding upon and inure to the beneft o��he pa�ties, #heir successors and assigns. 1f
<br /> ownership o�the Property becomes �ested in a persan other than Trustor, Lender, withvut notice to Trustor, may
<br /> deal wi�h Trustar's successors with reference to�his Deed of Trust and the lndebtedness by way of forbearance or
<br /> extensian without releasing Trustor from the ob�igations of this Deed of Trust vr Iiability under the Indebtedness.
<br /> Time is af�he Essence. Time is of�he essence in the pe�formance vf this Deed vf Trusf.
<br /> UUai�er of Homsstead Exemptian, Trustor hereby releases and vuai�es all righ#s and b�nefits of #he homes�ead
<br /> exemption laws o�the 5ta�e of Neb�aska as to al!lndebtedness secured by this Deed vf Tr�ust.
<br /> DEFlN1Tl�NS. The fo��owing words shafl have the�Fol�owin�meanings when used in this Deed of Trust:
<br /> Bene��ciary. The wo�d"6enefciary"means BANK C]F THE VIIEST, and its successo�s and assigns.
<br /> Borrawer. The word "Borrower" means �]AV�D L GEE and DEANNA K GEE and includes a11 co-signers and
<br /> co�makers signing�he�redit Agreement and al!their su�cessors and assigns.
<br /> Cr�dit A�reement. The words "�redit Agreement" mean the �r�dit agreemen� dated Illlarch '17, ��'17, 'W�th
<br /> cr�d�t ��m�t of$a4,���.��fram Trustor to Lender,tagether with a�l renewals o�, extensions of, modifca�ions
<br /> of, refinancings vf, cansolidations of, and subs�itutions for the promissory note or agreement. The ma�uri�y date vf
<br /> this ❑eed of Trust is March 2�, ��47. N4T[CE T�TRUST�R: THE CREDtT AGREEMENT CDNTAlNS A VARIABLE
<br /> INTEREST RATE.
<br /> Deed of T�ust. The words "�eed of Trust" mean th�s Deed af Trus# among Trustor, Lender, and Trustee, and
<br /> includes wi�hout lim�tation a!I assig€�ment and security in�eres# pro�isions relating to the Persona! Property and
<br /> Rents.
<br /> En�iranmental Laws. The w�rds "En�ironmenta� Laws" mean any and all sta�e, federal and Ioca� statutes,
<br /> �egulations and ardinances relating to the protection of human heal�h or #he environment, inc�uding wi�hvut
<br /> limitafiian the Comprehens�ve En�ironmenta� Response, Compensation, and Liability Act�f 198n, as amended, 42
<br /> U.S.C. Sec�ion 96�1, et seq. {"�ERCLA"}, the Supe�fund Amendments and Reauthorization Act of 198�, Pub. L.
<br /> No, 99-499("SARA"},the Hazardous Materials T�ansportation Act, �9 U.S.C. 5ection �8�1,et seq., the Resource
<br /> Conservation and Reco�ery Act, 42 �.S.C. 5ectian 6J��, et seq., or other app�icable state or federal laws, rules,
<br /> or regulations adapted pursuant thereto.
<br /> E�ent of Defau[t. The words"E�ent of❑e�ault"mean any a�the events of defauit set forth �n this Deed of Trust in
<br /> the��ents af defau��sec�ion of�his Deed vf Trust.
<br /> Existing Indebtedness. The wo�ds "Exis�ing �ndebfedness" mean the indebtedness described in th� Existing Liens
<br /> pravEsion of this Deed of Trust.
<br /> Hazardous Substanc�s. The words "Ha�ardous Substan�es" mean ma#erials �hat, because of the�r quantity,
<br /> c�nc�ntra�tion or physical, chemical or infectious characteristics, may cause or pose a present or pot�n#ia� hazard
<br /> t� human health or the en�ironmen�when improperly used, treated, stored, dis�osed of, generated, manufactured,
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