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2� 17� 1979
<br /> DEED �F TRUST
<br /> ��on�inued� Page 7
<br /> wai�er is gi�en in writing and s�gned by Lender. No delay or omission on�he part af Lender in exer�€sing any right
<br /> shali operat� as a wai�e� of such right or any �ther right. A wai�er by Lend�r��a prv�isian of this D�ed o�Trust
<br /> shall not prejudice vr canstitute a wai�er ❑� Lender`s right otherwise to demand s�ri�t camplian�e with that
<br /> pro�is�on vr any other p�o�isi�n af fihis Deed o� Trus�. No prior wai�er by Lender, nor any �ourse of dealing
<br /> between Lend�� and Trustor, shall �onstitute a wai�er ❑f any o� Lender's rights ❑r of any �f Trustor's �bligations
<br /> as to any fut�re transactions. V1lhene�er�he consent of Lender is required under this ❑eed v#Trus�, the granting
<br /> vf such consent by Lender in any instance shaf[ not cons�itu�te continuing cvnsent to subsequent instan�es where
<br /> such consent is required and in all�ases such consent may be granted or withheld in th�sofe discretion❑f Lender.
<br /> Se�erabiiity. Ifi a caurt of campetent jurisdi�tion ��nds any pro�fsi�n vf this Deed af Trust ta be illegal. �n�alid, vr
<br /> unen�orceable as to any circumstance, that #inding shall not make the offending pro�isian illegal, in�alid, �r
<br /> unen�vrceable as t❑ any vth�r �ircumstance. lf feasible, the vf�ending prv�ision shall be considered madi�ied sa
<br /> that it becvmes legal, �alid and enforceable. I� the offending pro�ision cannot be s� modified, �t shall be
<br /> considered deleted fram this Deed vf Trust. Unless otherwise required by �aw, the i��egality, in�alidity, or
<br /> unenforceabil��y of any pr��ision of th�s Deed of Trust shall not affect the lega�ity, �alidity ar enfor�eability o�any
<br /> other pro�ision of this Deed of Trust.
<br /> Suc�essors and Assigns. Sub}e��fio any ��mitations stated in this Deed of Trust on �ransfer of Trustor's interest,
<br /> this ne�d of Trust shall be binding upan and inure to the benefiit o� the parties, thei� successvrs and assigns. �f
<br /> ownership vf the Property becomes �ested in a person other than Trustar, Lender, without notice tv Trustor, r�nay
<br /> deal with Trustar's successors with reference to this Deed o#Trust and th� lndebtedness by way of forbearance flr
<br /> �xtens�an wi�h�ut releasing Trus�or from the obligations of this De�d❑�Trust ar liability under the Indebtedness.
<br /> Time is of the Essence, T�me is of the essence in-the per�ormance of this Deed of Trust.
<br /> 1Nai�e Jury. All parties tv this ❑eed vf Trus� herehy wai�e the righ�tn any jury�rial �n any activn, prv�eeding, or
<br /> �ount�rclaim brvught hy any party against any other party.
<br /> Vllai�er v� Hvmestead Exemp�ion. Trustor hereby releases and wai�es all rfghts and benefits of the homestead
<br /> exemption laws vf the 5tat�of Nebraska as to all Indeb�edn�ss s�cured by this Deed of Trust.
<br /> DEFINITIONS. The follorrving capi�alized wo�ds and terms shall ha�e the �ollowing meanings when used in#his Deed of
<br /> Trus�. Uniess speci�ically stated tv the cont�ary, all re�erences to dol�ar amoun�s sha{I mean amounts in lawful maney
<br /> af the United 5tates ❑f Amer�ca. Wards and terms used in the singula� shall include the plural, and the p�ural shall
<br /> �nclude the singular, as the con�ext may require. Words and terms nvt o�herwise defined in this Deed o� Trust shall
<br /> ha��the meanings a��ributed to such terms in the Uniform Commercial �ode:
<br /> Bene#ic�ary. The word "Beneficiary" means Exchange Bank, and its successvrs and assigns.
<br /> Borrawer. The w�rd "Borrower" means June M. Frank R��ocable Trust and includes all �o-signers and co-makers
<br /> signing the Nvte and all�heir su�cessors and assigns.
<br /> Deed of Trust. The words "Deed of Trus�" mean �his Deed ❑f Trust among T�ustor, Lender, and Trustee, and
<br /> includes without limi�ation all assignment and security interest pra�is�ons relating #o the Pe�sonal Property and
<br /> Rents.
<br /> Default. The word "Defau��" means the Default sefi forth in this Deed o#Trust in the s��tion titled "�efault".
<br /> En�ironmentai Laws. The wards "En�ironmental Laws" mean any and all sta�e, #edera! and �oca� statutes,
<br /> regulations and ordinances relating to the protection of human h�al�h or the en�ironment, including withvut
<br /> limitativn the Comprehensi�e En�ironmen�al Response, Compensation, and L�at�ility Act o� 1�8a, as am�nded, 4�
<br /> v.S.G. 5ection 9��'�, et seq. �"CERCLA"�, the Super�und Amendments and Reauthori�ation Act of '�986, Pub. L.
<br /> No 99-439 4"SARA"�, the Ha�ardous Ma�erials Transpvr�ation Act, 49-U.S.C: Section����8�1; �t seq., the Resource
<br /> �onser�ation and Reco�ery Act, 4� U.S.C. 5ection fi9�'�, et s�q., or other appii�able stat�e�vr federaf laws, rul�s,
<br /> or regulatians adapted pursuant the�e�o. � . � .
<br /> Event nf Default. Th�words "E�en�of Default" mean any o#the e�ents a#default set fvrth in this Deed af Trust in
<br /> the��ents of de�ault seGtivn o�this Deed o#T�ust.
<br /> Guaranty. The wo�d "Guaranty" means�he guaranty fr�m guarantor, end�rser, surety, or accomm�dation party�o
<br /> Lender, �ncluding w�thvut limitatian a guaranty af all ar part❑f�he Note.
<br /> Hazardaus 5ubstances. The words "Ha�ardvus 5ubstances" mean materials #hat, because a� their quantity,
<br /> concent�ation or physical, chemi�al vr in�ectious charac�eristics, may �ause or pos� a present or poten�ial ha�a�d
<br /> tv human h�alth or the en�ironment when improperly us�d, �reated, stored, disposed of, generated, manufactured,
<br /> transported or otherwise handled. The words "Hazardous 5ubs#ances" are used in their �ery broadest sense and
<br /> include without �imitatian any and al! hazardous ar taxic substances, materiafs or waste as defined by or lis�ed
<br /> under the En�ironmental Laws. The�erm "Hazardous Substan�es" alsa inGludes, wi�hout limitation, petroieum and
<br /> pet�vleum byWproducts❑r any fractian thereofi and asbes�os,
<br /> lmprvvem�nts. The word "impro�emen�s" means all existing and fiuture imprv�ements, buildings, stru��ures,
<br /> mobiie homes affixed on the Reaf Prvperty, facilities, addi#ions, repla�ements and vther construction on the Real
<br /> Prap�rty.
<br /> lndebtedness. The ward "Indebt�dness" means a�� prin�ipal, interes�, and other amounts, cvsts and expenses
<br /> payable under the Note or Relat�d Documen�s, together with a!I renewals of, extensions of, modificativns of,
<br /> conso��dations of and substitutions �or the No�e or Relat�d Do�uments and any amounts exp�nd�d vr ad�anc�d by
<br /> Lender �v discharge Trustar's �b�igatians or expenses incurr�d by Trustee vr Lender to enfvrce Trustor's
<br /> ob�igatians under this ❑�ed vf Trust, toge�her with interest on such amaunts as prv�ided in this Deed a� Trust.
<br /> Specifically, without [imitation, Indebtedness in��udes the future ad�anc�s set #or�h in the Fu�ure Ad�ances
<br /> pr���sion, together w�th all int�rest thereon and all amounts that may be indirectly se�ured by the
<br /> Cross-Collateraliza�ion pro�isivn of this Deed of Trust.
<br /> Lender. The wo�d "Lend��" means Exchange Bank, its successars and assigns.
<br /> Not�. The word "Note" m�ans the pr�m�ssary note dated Niarch 31, 2Q17, in the or�ginal princ�pal amount
<br /> �f $1��.���.OQ from Trustor �o Lender, together with all renewals of, extensians o�, modifications ❑f,
<br /> refinancings a�, consolidations of, and substi�utions far the promiss�ry no�e or agreement. N�TlCE T❑ TRUST�R:
<br /> THE NDTE CUNTA�NS A VAR�ABLE INTEREST RATE.
<br /> Personal Prvperty. The words "Personal Property" mean all equipm�nt, fixtures, and o�her artic�es ❑f persona�
<br /> property now ar hereafter awned by Trustor, �nd now ❑r hereafter attached ❑r a��ixed �a the Real Property;
<br /> together with a[[ accessions, parts, and additions to, al� replacements of, and all substitu�ians for, any af such
<br /> prvper�ty; and tog�ther with all pro�eeds tincluding without limi�ation a�1 insurance proceeds and refunds o�
<br /> p�emiums� #rvm any sale or�ther disposition of the Property.
<br /> Property. The word "Prvperty" means co[lecti�ely the Rea� Prop�rty and the Persvnal Property.
<br /> ReaF Property. The wards "Real Property" mean the real property, interests and rights, as further described in this
<br /> Deed vf Trust.
<br /> Rela�ed Da�uments. The words "Related Dvcuments" mean all pramissory notes, credi� agreemen�s, loan
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