201702282 - Laserfiche WebLink

Browse

2� 17�2282 DEE�3 �F TRUST Lvan Na: ��'�3�3�6� �C�ntinued} Page 9 agreement ❑f fihe par�ies as �a�he matters se�for�h in �this ❑eed ot Trust. No al�era�ian ❑f❑r am�ndmen��o �his Deed ❑�f Trusfi shall be e��Fec�i�e unless gi�en in writing and signed hy�he par�y or parties sough�to be charged o�r bound by the alteration nr amendmen�. Annual Reports. lf the Prvper�y is used �for purposes ❑ther �han Trustor's residence, T�ustor shall -�urnish �❑ Lender, upon request, a �ertified s�a�emen� o�F net operating incame received �rom the Property during Trus�or's preWiaus �iscal yea�- in su�h �vrm and d�tail as Lender shall require. "Ne� ❑perating incame" shall mean all cash receip'�s�rvm the Property�ess all cash expendi�tures made �n ��nnec�ian wi�h�he opera�ion❑f�he Praperty. �ap�ivn Headings. Cap�ivn headings in this Deed ❑f Trust are for can�en�ence purposes anly and are not tv be used fiv in�erp�-et or d�fine the provisions o-�this ❑eed ❑f Trus�. Nierger. There sha�l 1ae no merger af the �n�erest❑r esfiate �rea�ed by this Deed ofi Trust with any vther in�erest or estate in the Proper�y at any time he�d 1ay ar for�he benefi�vf Lender in any capac�ty, wi�haut�he wrifiten cvnsent �f Lender. Governing Law. This Deed af Trust will he go►rerned by federal faw appli�abl� to L�nder and, to the ext�nt no� preempfied by�ederal law,�he laws ❑�the 5#ate of Nebraska wi�hvut regard to i�s con�licfs vf!aw pr�visivns. This Deed v�Trust has heen accep#ed by Lender in the 5�a�e of Nebraska. Chvice of Venue. ff there is a lawsui�, Trus�or agrees upon Lender`s requesfi ta suhmit�❑ �he jurisdiGtion ❑f the cour�s of Hall Cvun�y, 5ta�e of Nebraska. Jvint and 5everal Liabiiity. All ohligat�ans af garrvwer and Trus�or under this ❑eed of Trus� sha�l be join� and se�eral, and all references�❑ Trustor shall mean each and e�ery Trusto�-, and all re-�erences to Barrower shalf inean each and eWery Borrower. This means tha�each Trustor si�ning I�elow is respansi��e�flr al!❑b�igafiions in this Deed ofi Trus�. Where any one ar more of the parties is a carporation, parfinership, iim�ted liability company or similar �ntity, ifi is nvt necessary far Lender�o inquire into the pawers fl�any❑f th�officers, dire��ors, partners, members, ar other agents acting nr purporting t❑ act ❑n the en�ity�5 behalf, and any obligations made v�- creat�d in relian�e upon the pro�ess�d ex�rcise o�such p�wers shall be guaranteed under�his Deed a�r Trust. No�JVa�ver by Lende�. Lender sha�I no� be deemed ta have wai�ed any rEghts under fihis Deed of Trus�unless su�h wai�er is gi�en in wri�ing and signed �y Lender. No delay nr�mission ❑n the part❑f Lender in exercising any right shall aperate as a wai�er a�such r�ghfi❑r any other rtght. A wa��er by Lender❑f a pro�tsion vf this Deed ❑f Trus� shall nafi prejudice ar cans�itu�e a wai�er ❑� Lender's righ� otherwise to demand strict �ompliance with fiha� pro�ision �r any ofiher p�o�isian of fihis ❑�ed ❑f Trust. N❑ p�-ior wai�er 1�y Lender, nor any course of dealing be�ween Lender and Trustar, shall cons�itufie a waiWer of any ❑f Lender`s �ights or ❑� any a�Trus�nr's vbliga�ions as to any �ufiure�ransac�ions. Vllhene�er the consen� ❑f Lender is required under this Deed of Trust, the granfi�ng ❑f such consen� by Lender in any instance shall no� canst�tute cvntinuing cansen�to subsequen� instanc�s where such consen�is required and in all cases su�h cansen�may be granted or wi�hheld in the sole discretion vf Lender. Severabi�ity. If a caurt af ��mpe�en��urisdiction finds any pr�vision of�his ❑eed a�Trus��o be illegal, in�a�id, or unenforceable as �v any �ircums�ance, tha� findin� shall no� make the of�ending pro�isian il�egal, in�a�id, vr unenfvr�eable as to any afiher �ircums�ance. 1� feasible, fihe ❑ffiending pro�isian shall 1�e c�nsidered mvdified s� �hat i� �ecomes l�gal, �af id and en�arceabEe. !f the ❑ffending pro�ision canno� be s❑ modi�ied, it shaf I be considered deleted �rom �his Deed ❑f Trust. Unless vtherwise requi�ed by Iaw, �he illegality, in�alidity, or unenfvrceabili�y af any p�-ovisivn ❑f�his ❑eed ❑f Trus�sha�l not a��ect�he [egality, validity �r enfarceability of any o�her pro�isivn❑f�his ❑eed of Trus�. Su�cessors and Ass�gns. Subject�o any limitatians s�ated in fihis ❑eed o�Trust on transfer of Trustor's interest, �his aeed ❑f Trusfi shat[ be bind�ng upon and inure ta the henefit a��he parties, their successars and assigns. �� ❑wnership ❑��he Properfiy becvmes �ested En a persan ❑�her�han Trustar, Lender, withvufi nati�e to Trustar, may deaf wi�h Trustor's successors w�th re�erence�v�his Deed ❑�Trus�and the �ndel�tedness by way o�fvrbearan�e❑r extensian withou�t refeasing Trustor from�he obliga�ivns ❑f this ❑eed of Trust❑r lial�ility under the lndebtedness. Tim�is vf the Essence. Time is of the essence in�he perfvrmance of�his aeed ❑f Trusfi. 11Vai�rer vf Homestead Exemption. Trust�r hereby r�Eeases and wai�es all righ�ks and benefiits of the homestead exemption Iaws❑�the S�a�ke o�Nebraska as�❑ all �ndebtedness secured hy�his ❑eed af Trust. DEFINlTi�NS. The �of#�wing capi�alized words and terms shall ha�e the #o�[owing meanings when used in this ❑eed of Trusfi. Unfess speci�icaliy s�a�ed ta the contrary, all references tv dallar amounts shall mean amaun�s in Iawful money ❑� the United S�a��s ❑� Ame�ica. VVords and ��rms used in the singular shall include the plural, and the plural shall include the singular, as the con�ex� may require. W�rds and �erms not ❑fiherwise defined in �his ❑eed of Trust shall ha�e the meanings at�ribu�ed�o such terms in�he Unifarm Commercial Code: Bene�iciary. The ward "Bene�iciary" means Fi�e Points Bank, and i�s successors and assigns. Borrower. The ward "Borrower" means STARDSTKA GRDUP L]NLIMITED INC and in�ludes all co-signers and �o-makers signing�he No�e and a}I their successors and assigns. Deed ❑� Trust. The words "Deed of Trus�" mean this aeed ❑f Trust among Trus�or, Lender, and Trus�ee, and includes withaut limitation all assignmen� and secur�ty interest praWisions rela�ing �o the Personal Property and Ren�s.