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2� 17�2391
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<br /> oEEa �F TRusT
<br /> �Cantirluedj Page 7
<br /> Merggr. There sha�t be no merger o�the tnterest or estate�reated hy this Deed of Trust with any other interest or
<br /> estate in the Property at any tirne held by or for the benefit of Lender in any �apacity. without the written consent
<br /> of Lender.
<br /> Go�erning L�w. This Deed af Trust will he 9o�erned by federal lew applicab�e to Lander and, #n the extent nat
<br /> preempted by federal I�w.the laws of the State of Nebraska without regard#o its conflicts of law pro�isinns. Thts
<br /> Deed of Trust has hean ac�ep#ad hy Lender in the State of Nebraska.
<br /> Choi�e af Venue. I� there is a lawsuit, Trustor agrees upon Lender's request to suhmit to the jurisdiction of the
<br /> cou�ts of Bu�#aln County, 5tate vf Nebraska.
<br /> Jaint and 5e►►eral Liability. All ahligations of B�rrower and Trus�vr under this Deed of T�ust shall 1�e joint and
<br /> se�eral, and all r�fer�nces to Trus#or shall mean each and e�ery Trustvr, and at1 references tv gorrower shall mean
<br /> each and e�ery�orrower. �'his means that�ach Tr�rstor signing below is r�sponsible#�r all�hligations in this D�ed
<br /> af T�ust. Where an� one or mor� of the parties is a cnrpvration, partnership, limited liability company or sirnilar
<br /> entity, it is nat necessary for Lender to inquire into the powers of any vf the offieers,directors, partners, members,
<br /> ❑r ather agents acting ❑r purporting ta act on the entity's behalf. and any abligations made ar cr�ated in relian��
<br /> upvn the prvfessed exercise vf such powers shall be guaranteed under this❑eed of Trust.
<br /> No Wai�er I�y Lender. Lender shall nvt be deemed tv ha�e wai�ed any rights under this �eed of Trust unless such
<br /> wai�er is gi�en in writing and signed by Lender. Nv delay or omission on the part of Lender in exer�ising any right
<br /> shal�operate as a waiver of such right or any ather righ#. A waiver hy Lender of a provision of this De�d of Trust
<br /> shall not prejudi�e ar constitute a wai�er of Lender's right otherwise t� demand s#rict �vmpliance with that
<br /> pfv�ision �r any ❑ther pro�ision vf this Deed af Trust. Nv prior wai�er hy Lender, nor any course af dealing
<br /> between Lender and Trustor, shall canstitute a waiWer af any af Lender's rights ❑r af any ❑f Trustor's abligatians
<br /> as tv any fu#ur� #ransactions. Whene��r the consent of L�nder is required under th�s Deed of Trust, the granting
<br /> of such cvnsent by Lender in any instanGe shall nvt constitute cvntinuing �vnsent ta subsequent instances where
<br /> such�onsent is required and in all cases su�h�onsent may be granted or withheld in the sole discretion of Lender.
<br /> Se�erebility. If a court of competent jurisdictian find� any prv�isian af this Deed af Trust to be illega�, in�alid, ❑r
<br /> unenf�rceable as to any �ir�umstance, that finding sha�l nvt rnake the offend�ng pro�isian illegat, in�alid, �r
<br /> unenfarceabie as t❑ any othsr circums#an�e. If feasible, the offending prv�isian shall be considered modified so
<br /> that it kaecames iegal. �alid an� enfvrceable. If the offending pro�isian cannot be so mvdified. it shall be
<br /> considered deleted frvm �his Deed v# Trust. Unless vtherwise required by law, the illegality, in�alidity, ❑r
<br /> unenfar�eability of any pro�isi�n af th�s �eed of Trust shall not a#fect the legality, �alidity ❑r enfar�eahility❑�any
<br /> other pr�uision o€this Deed af Trust.
<br /> 5uccessvrs and Assign�. 5uhject to any limitations stated in this ❑eed ❑f Trust on #ransfer o#Trustor's interest,
<br /> this Deed vf Trust shall be binding upon and inure tv the benefi� af the parties, their successors and assigns. If
<br /> ownersh�p ot the Property b�com�s �est�d in a persan o#her thar�Trustor, Lender, witho�t notice to Trustor, may
<br /> deal with Trustor's successo�s with reference to this ❑eed af Trust and the Indebtedness by way vf forbearance ar
<br /> extension without releasing Trustar fram the obligativns af this Deed of Trust or liahility under the Indebtedness.
<br /> Time is of tha Essence. Time is of the essence in the perfvrmance of this Deed❑f Trust.
<br /> Waive Jury. All parties to this �]eed a#Trust hereby wai�e the right to any 1Wry trial�n any a�tion, pracaeding, or
<br /> coun�erclaim brvught by any party against�ny other party.
<br /> W�i�er vf Hameste�d Exemption. Trustor he�ehy releases and wai�es all rtghts and benefits of the hvmestead
<br /> exernption laws of ths 5tate of Nebraska as tv all Indebtedness se�ured by this Deed af Trust.
<br /> DEFIIVIT�QNS. The fvllowing capit�lized wards and terms shall ha�e the following meanfngs when used in this Deed�t
<br /> Trust. Unless specifically stated to th��ontrary, all referenGes t❑doi�ar amounts shall rnean amvunts in iawful rnoney
<br /> o� the U�ited States of America. Words and terms used in the singular shall include the plural, and the plura! shall
<br /> include the singular, as the context may require. Words and #erms no� otherwise defined in this Deed of Trust sha#I
<br /> ha►►e the mean�ngs attributed tv such terms in the Uniform C�rnmercial Code;
<br /> Bengficiary. The ward "Beneficiary" rneans Exchange gank, and its successors and assigns.
<br /> Bvrrower. The ward "Borrvwer" rneans Michael A Panvwicz and Patricia M Panowi�z and includes all �o-signers
<br /> and co-makers sign�ng the Note and alk their successors and assigns.
<br /> Deed vf Trust. The words "Deed of Trust" mean this Deed of Trust among Trustor, L�nder, and Trustee, and
<br /> inc#udes without limitation all assignment and security interest prouisions relating to the Personal Property and
<br /> Rents.
<br /> Default. The word "�efauit" means�he Default set#orth in this Deed af Trust in the section tit�ed "De�auit".
<br /> En��rQr�menta! Laws. The words "Environmental Laws" mean any and all state, f�de�al and lvcal statutes,
<br /> regulatians and ordinances relatiny to the pratection of human health or the en�ironment, including without
<br /> �imitatian the Comprehensi�e En�ironmental Respvnse, Campensation, and Liability Act of 198�, as amended, 42
<br /> U.5.C. Sectivn 9�41, et seq. �"CERCLA"], the Superfund Amendments and Reauthori�a�ion Ac��f '�98fi. Pub. L.
<br /> No. 99-499 t"SARA"y, the Ha�ardvus Materials Transportation Act, 49 U.S.�. Sectton 1841,et seq.,the Resource
<br /> Cor�serdation and Reca�ery Act, 4� U.S.C. Sectivn 6901, et seq., or at�er applieable sta�te ar federal laws, rules,
<br /> or regulations adapted pursuant theretv. } �' �
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<br /> E�ent o#Default. The words "E�ent�f Defiault" mean any o#the e►►�nts vf default set fvrth in this Deed oi Trust in
<br /> the e�ents af default section vf this De�d of Trust.
<br /> Guar�Rty. �he wvrd "Guaranty" means the guaranty fr�m guarantor, endv�ser, surety, or a�comm�datibn party to
<br /> Lender, in�luding withaut limitatian a guaranty of all or part vf the Nate.
<br /> Haiardvus Substances. The w�rds "Hazardous 5ubstances" rnean materials that, because of their quantity,
<br /> cancentra�ivn or physical, chemica� o� infectivus characteristics, may cause or pose a present vr pvtential hazard
<br /> to human h�alth ar the en�iranment when imprvperly used, trsated, stvred, disposed of. generated, manufactured,
<br /> transported vr othe�wise handled. The words "Hazardvus Substances" are used in their�ery brvadest sense and
<br /> include without limitation any and all hazardous or toxi� substances, rnaterials or was#e as defined hy or listed
<br /> under the En�iranmental Laws. The terrn "Hazardvus Substances" also in�ludes, withou#lirnitativn, petra#eum and
<br /> petrvleum k�y-praducts vr any�rac�ivn thereof and asbest�s.
<br /> Irnp�o�ements. The word "Impro�ements" means al! existing and future impro�ernents, built�in�s. structures,
<br /> mobile hames affixed on th� Real Proper#y, facfiities, additions, r�placements and athe� construction on the Real
<br /> Property.
<br /> lndeb#edness. The wvrd "Indehtedn�ss" means all principal. interest� and other amountsr C�StS and expenses
<br /> payab�e under the Nvte or Rela#�d Docurnents, together with all rene►rva�s of, extensions of, modificativns vf,
<br /> cansolidatians of and substitutions for the Note ar Related Da�uments and any amounts expended ❑r ad�anced hy
<br /> Lender tv discharge Trustar`s ❑bligations or expenses incurred by Trustee or Lender to enforce Trustvr's
<br /> obligatians under th�s Deed of Trust, tvgether with interest on su�h arnaunts as pro�ided in this Deed of Trust.
<br /> 5pecifically, with�ut limitation. Indehtedness includes the future ad�ances set forth in the Future Ad�ances
<br /> prv�isian of this Deed vf Trust,ivgether with all inter�st thereon.
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