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2� 17�2214
<br /> DEED �F TRUST
<br /> �G�iltIllL��C�} Page �
<br /> [V�TICFS. Any notice required tn b� gi�en under thfs Deed ❑f Trusfr incIuding without jimi�a�ion any no�ic� o� defaul�
<br /> and any no�ice of sale shai� be gi�en in writing� and shail be effecti�e when actualiy deiivered, when ac�ually received
<br /> by�elefacsimile �unIess otherwise requir�d by Iaw�, when depasited with a natianally r�cognized o�ernighf�ourier, or, i�
<br /> maifed, when depvsited in�he Uni�ed 5tates mazl, as firsf class, certified ❑r regis�ered mail postage pr-epaid, directed�o
<br /> t'he addre�ses shown n�ar the beginning v�this Deed o�Trust. A[I capies o�F notices o��ore�Iosure -From �he hoider of
<br /> any Iien which has prEarEty aver this Deed o�F Trust shall be sent to Lender's address, as shawn near fhe b�g�nning o�
<br /> �his ❑eed o�Trus�. Any pers�n may change his o� her address for natices under this Deed o�Trust by giving farmaI
<br /> writ�en notice to the ❑ther p�rs�n or persons, specifying tha� the purpose of the nat"rce is to change the person's
<br /> address. For notice purpases,Trus�or agrees�o keep Lend�r in�ormed at a11�imes of Trusfor`s current address. Unl�ss
<br /> ❑therwise prv�ided �r r�quired by �aw, i�there is mare-�han one Trustor, any notice ��ven by Lender ta.any Trusfo�is
<br /> deemed tQ be not�ce�i�en�o aII Trusfars. !�wilI be Trustor's responsibiIity�o�ell the o�h�rs af the natice from L�nder.
<br /> N1�5CELLANEDUS PR�VI5I�N5. The�oxfowing mis�el�aneous pro�isions at-e a part of this Deed af Trus�; '
<br /> Amendments. Wha� is writken in this ��ed of Trust and in the ReIated �a�umenfs is Trus�ar's en�ire agreemenf
<br /> with Lender cancerning the matters covered by this Deed ❑f Trust. To be effea�ki�e, any change ❑r amendment ta
<br /> �his ❑eed ❑f Trus� musf be in writing and must be signed by whaever will b�: bound or abIigat�d by the change ❑r
<br /> amendmen�.
<br /> G�ptian Headings. Caption headings in this Deed ofi Trus� are for �onvenience purp�ses onIy and are nat to be
<br /> used to interpre�or d�fine the pra�isians of this ❑eed of Trus�. �
<br /> Merger. Ther-e shall be no m�rger of the interest or esta�e created by this Deed ��Trus�with any�ther interes�or
<br /> estate in the Property at any�ime heId hy or for the benefit of Lender in any capacityr wifh�u�the writ�en cansent
<br /> ❑-F Lend�r.
<br /> Governing Law. This Deed o�Trus# will be go�erned by federal �aw appIicable f❑ Lender and, to the extent nvt
<br /> preempfed hy federal law�the [aws vf fhe State�f Nebraska without regard tv its confl�cts ❑f Iaw pravisians. This
<br /> Deed o�Trust has been accepted by Lender in the State of Nebraska.
<br /> Chaice a�Venue. If�here is a lawsuit, Trustar agrees upan Lende�`s request ta submit to th�jurisdiction of�he
<br /> c�urts of Hall County, State afi Nebraska. �
<br /> Jaint and 5e�eral Liability. All obligations of Trus�or under this Deed of Trust shall be joint and seve�af, and aI1
<br /> re�Ferences �� Trus�or shalf inean �ach and e�ery Trustor. This means tha� each Tru�tor signing belvw is
<br /> responsible for all abligations in this a�ed af Trus�.
<br /> No Waiver by Lender. T�-ustor understands L�nder wiII nat gi�e up any af Lender's ri�hts under this Deed ofi Trus�
<br /> unless Lender does s❑ in writing. The fac��ha� Lender delays or omits to exercise any righ� wiII n�t mean that
<br /> Lender has gi�en up �hat righ�. I� Lender dves agree in wri�ing �a gi�e up one o� Lender's �-igh�s, tha� does no�
<br /> mean Trus�or wilI not ha�e �o comp�y with the vther pro�isians af�his D�ed o�Trus�. Trus�vr aIso understands
<br /> �ha-� i� Lend�r daes consent to a r�quest, that does not m�an tha�Trus�or wili no�t ha�e to get Lender's consent
<br /> again i�the situation happens again. Trustor further unders�ands�hat just because Lender Gansents�a one or mare
<br /> o�F Trustor's requestsr tha� does no� mean Lender will be r�quired �o consenf to any ❑�Trustar's �uture reques�s.
<br /> Trustor-waives presentment, demand for paymentr pro�es�, and nofice�f dishonar,
<br /> Se�er�bility. 1� a court finds that any provision of this Deed o�Trust is no�valid vr should na� be enforced, tha�
<br /> facf by itsef�wilI no�mean that the res�of this Deed o�Trust will nof be�alid o�-enf�rc�d. The�efare, a caurt wi11
<br /> enforce the rest a�the pr��isions ot this Deed of Trus�even if a proviszon o�this Deed of Trus�may b�faund to be
<br /> inva[id or un�nforceable.
<br /> Succ�ssors and ►4ssigns. Subjecf t❑ any limi�ati�ns s�ated in this ❑eed o�Trust❑n �rans�Fer ot Trusto�'s in��rest,
<br /> �his ❑eed of Trus�sha[! be binding up�n and inure to the benefit of the parties, �heir successors and assigns. i�
<br /> ownersh�p of the Property becames v��ted in a person other�han Trus�ar, Lend�r, wi�houf notzce�o Trusta�, may
<br /> deaI wi�th Trusfiorfs succe�so�s wi�h reference�o-�his D�ed of Trus�and fhe Ind�b�edness by way of�orbearance or
<br /> extension wi�hou�rel�asing Trustar from the obliga�i�ns o�this ❑eed o�F Trus�ar Iiability under the lndebtedness.
<br /> Time is vf the Essence. Time is of�he�ssence in the performance af�his Deed o�T�-us�.
<br /> Wai�er ❑f Hamestead Exemption. Trust�r hereby releas�� and wai�es aIl rights and benefits of the homest�ad
<br /> exemption Iaws of the Sta-�e o�Nebraska as to a�� Indek�tedness secured by this De�d o�F Tr'ust.
<br /> DEFIN�TI�NS. The foiiowing wards shaII have the folIowing m�anings when used in this ❑eed o�Trus�:
<br /> Beneficiary. The word "Seneficiarytt means Exchange Bank, and i�s successors and assigns.
<br /> gvrrower. The ward "Barrower'� m�ans LllCAS L M�WREY and NICDLE L M�WREY and includes a�i co-signers
<br /> and ca-makers signing�he Credit Agr�:emen�and aII thei�successors and assigns.
<br /> Cr�d�t Agreement. The wo�ds "Credi�Agreem�n�n mean the �redit ag�-eemen�dafed A.pri� 5, �0�7f with credit
<br /> limit of $23,��8�DD �rom Trus�or t❑ Lender� ��gether wifh aII renewals o�F, ex�ensions of, modifications o�,
<br /> r��inanc�ngs o�F, consaIida�ians o�, and sub�titu�ions-Far fihe pramissory no�e or agr�emen�. N�T1GE TO TRUST�R:
<br /> THE CRED�T AGREEMENT CDNTAINS A VARIABLE[NTEREST RATE.
<br /> Deed of Trust. The wards ttDeed a� Trust" mean this Deed o�F T�ust among Trus�or, Lender. and. Trustee, and
<br /> in�fudes wi�hout limi�a��on all assignmenf and securz�ty� interest pro�isions reIating �o the Personal Property and
<br /> Rents.
<br /> Env�ronmental Laws. The words "En�ironmentaI Laws" mean any and aj� s�ate, fede�al and �ocaI statut�s,
<br /> reguiations and vrdinances rela�ing to the pro�ec�ion af human heaI�h or �he environmenf, inclu�ing withauf
<br /> jimifation �he Comprehensive En�ironmental Resp�nset Compensa�ion, and Liability Ac� o�F �98�, as amended. 42
<br /> U.S.�. Section 960�, e�seq, �"�ERCLA'�}r the 5uperfund Amendments and Reau�horization A��of '1986, Pub, L.
<br /> No. 93-499 (ttSARA'��r�he Hazardous Materials T�-anspor�ation Act,4g U.S.C. Se�tion �80�, e�seq.,�he Resource
<br /> Conserva�ion and Reca��ry A�t, 42 IJ,S.G. Sec�ion G9flZ, et s�q., or other applicahle stafie or fed�raI {aws, ru�es,
<br /> or regulati�ns adopfed pursuan�thereto.
<br /> Event of❑efault. The wo�ds "Event of Default" mean any of the events ❑�defauI�set�orth in�his Deed of Trust in
<br /> the e�ents of defauft sec�ion❑f�h�s Deed a�Trust.
<br /> Exis�ing �ndebtedness. The words "Existing indeb�edness" m�an�he indebtedness descrihed in�he Existzng Liens
<br /> pro�isivn of this De�d a-F Trust.
<br /> Hazardous Substan��s. The wards "Hazardous Su�s-�anc�s" mean materials �hat, because of their quanti�y,
<br /> concen�rafion or physical, chemicaf or infectious charact�risti�s, may cause o�- pase a present or potential hazard
<br /> �o human heaj�h ar the environment when improperly used, �reat�dt stored, disposed of, generat�dr manufac�ured,
<br /> transported or oth�rwise handled. The words "Hazardous Subs�ancesTM are used in �hei��ery br�adest s�nse and
<br /> include without limi�ation any and aII hazardous or �oxic substan�es, materials or waste as defined by or Iisted
<br /> under�he En�ironmenta� Laws. The�erm "Hazardous Substance�" alsa inc�udes, without limi�ation, p�traleum and
<br /> petroleum fay-produ�ts ❑r any fraction the�eaf and asbes�os.
<br /> lrnpro�emenfis. The w�rd "Impro�ements" means a1� exis�ing and future improvemen�s, buildings, structu�es,
<br /> mobi�e homes affix�d an �he F�eal Properry, facili�ies, addi�ians, replacements and o�he� construction an �he.Reai
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