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2� 17�2392
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<br /> DEED �F TRUST
<br /> tCont�nued� Page 7
<br /> Daed of T�ust has been aGcapted by Lander in#he State of Nehr�ska.
<br /> �ho�ca af Venua. �t there is a lawsuit, Trustar agrees upan Lender's request ta submtt ta th�jurisdiction o#the
<br /> cvurts af Bu�fa1❑�ounty� State o#Nebraska.
<br /> Joint an�! Se�er�! �i�bility. A11 obligations of Trustor under this ❑eed of Trust shall he �oint and se�eral, and all
<br /> references ta Trustor shall mean each and er►ery Trustar. This means that each Trustor signing be�ow is
<br /> respansihle for a�l vbligations in this❑eed�f Trust.
<br /> IVv Wair►er by Lender. Lender shall not be deemed to ha�e wai�ed any rights under this❑eed of Trust unless su�h
<br /> wai�er is gi�en in wr�ting and signed by Lender. No deiay vr❑mission on th� part of Lender in exercising any right
<br /> sha�l operate as a wai�er o�such right or any other right. A wai�er by Lender vf a pro��sivn of this Deed of T�ust
<br /> shall nat prejudi�e or cvnstitute a wai�er of Lender's right otherwise to demand s�ri�t compliance with that
<br /> pro�ision vr any ❑ther pr��isivn af this Deed ofi Trust. N❑ prior wai�er by Lend�r� nor any course af dealing
<br /> hetween Lender and Trustor, shal� constitute a wai�er of any of Lender's rights or af any of Trustor`s obligatians
<br /> as ta any future transactiflns. W#�ene�er the c�nsent ot Lender is required under this Deed vf Trust. the granting
<br /> af such cansent by Lender in any instance sha#I nvt �onsti�ute eantinuing �onsent t❑ subsequent instances where
<br /> such�onsent is required and in all cases such consent may be granted❑r withheld in the s��e discretion of Lender.
<br /> 5e�arability. If a �vurt of competent jurisdi��ion finds any pro�isivn �f this Deed vf Trust ta he illegal, in�a��d, vr
<br /> un�n#orceabie as to any persan vr circumstance, that finding shall not make the vffending pro�is�an ilfegaf, in�a�+d,
<br /> or unenfvrceable as t❑ any other person or circums�ance. If fsasible, the ❑ffending pro�ision shall be considered
<br /> madified so#hat it becomes legal, �alid and enfarc�able. If the offending pro�isivn cannvt be so modified, it shall
<br /> be considered d�leted frvm this Deed of Trust. Unless otherwise required by law, the illegality, in�alidity, or
<br /> unenfarceabiiity af any prv�ision vf this ❑eed af Trust shall nat affect the legality, �alidity or enfarceahility of any
<br /> ather pro��sian❑f this Deed o�Trus#.
<br /> 5u�c�ssors and Ass�gns. Subject to any limitativns stat�d in this ❑eed of Trust on transfer of Trustvr`s interest,
<br /> this ❑eed ot Trust shall be binding upon and inure to th� benefit vf the parties. their successors and assigns. If
<br /> awnership ❑f the Property becomes�es#ed in a person�ther than Trustor, Lender, without notice t�Trustor, may
<br /> deai with Trustor`s successars with reference to this D�ed of Trust and the I ndebtedness by way❑f forbearance vr
<br /> extension without releasing T�ustar from the ob�iga#ivns of this Deed❑f Trus�vr liahility under the Indebtedness.
<br /> Time is a#th�Essence. Time is of the essenGe in the performan�e of this Deed of Trust.
<br /> Vll�i�e Ju�y. A!I parties to this Daed of Trust hereby wair►e#he rtght to�ny jury trial in any action, proceeding, or
<br /> cvuntef�laim brought by any party against any�ther party.
<br /> Wai�er of Homestead Exsmption. Trusta� hereby releases and wai�es all rights and benefits ❑f the homestead
<br /> exempti�n laws vf the 5tate of Nebraska as�v all Indehtedness secured by this❑eed of Trust.
<br /> DEFlNIT�C�NS. The fallowing capitalized words and terms shall ha�e the follawing meanings when used in this Deed af
<br /> Trust. Unless spec�fic�lly stated to the cont►ary, a�� refer�nces tv doilar amaunts shafl mean arnounts in lawful money
<br /> of the United 5tates of America. Wvrds and terms used in the singular shall include the plural, and the plural shall
<br /> in�lude the singular. as the �vntext may require. VIlords and terms nat otherwise defiin�d in this ❑eed vf Trust shal!
<br /> ha�e the meanings attributed to such terms in the Uniform Cammercia!Cvde:
<br /> BenefiGiary. The word "B�neficiary" means Exchange Bank, and its success�rs and assigns.
<br /> Bvrrower. The wvrd "Borrawer" means Mi�hael A Pan�wicz and Patricia M Panow�cz and includes all co-signers
<br /> and co-makers signing the Nvte and all their successars and assigns.
<br /> Deed a� Trust. The wvrds "Deed of Trust" mean this �eed ❑# Trust among Trustor, Lender, and Trustee, and
<br /> includes withou� �imitation a11 assignment and security int�rest provisions relating to the Personal Praperty and
<br /> Rents.
<br /> Detault. The word "Default" means the Default set fvrth in this Dsed vf Trust in�he secti�n titl�d "Default".
<br /> En�ironmental Laws. The words "En�ironmental Laws" mean any and all stat�, f�dera! and Ivcal statut�s,
<br /> �'egulations and ordinances rela#ing ta �h� pra�ection of hufri�h' �i��T�h"'��vr'��ie;envri�onrnen�, in�iuding withvut
<br /> limitat�an the�ompreh�nsi�e Environmental Respanse, Compensation, and Liability Ac�Qf 198D, as amended, 4� {
<br /> U.S.�. Sectivn 95�1, et seq. �"CER�LA"�, the SuQerfund Amendmen#s.anr� Reautho.�i�a�tion Act of i 985, Pub. L.
<br /> Na. 99-499 �"SARA"�, th� Haiardous Materials Transp�rtation Act,49 U.�.�.�S:�c�ivr�..'1�.��r et seq., the Resource �
<br /> Conser�ation and Reco�ery A�t, 4� U.S.C. Section fi9D1, et seq., vr vther applicable statg or federa! laws, rules, �
<br /> or regulativns adopted pursuant ther�to.
<br /> E�ent of Default. Th�words "E�ent of D�fault" mean any of the e�ents❑f default set farth in this Deed af Trust in
<br /> the e�ents of default section vf this❑eed of Trust.
<br /> Guaranty. The word "Guaranty" rneans the guaranty fr�m guarantor, endorser, surety, or accommodat+on party ta ;
<br /> Lender, �ncluding without limitation a gua�anty of all or part❑f the Note. �
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<br /> Hazardous Substances. The w�rds "Hazardous Suhstances" mean materials that, 1�ecause ❑f their quantity, ;
<br /> cvncentra#ion or physi�al, chernical or infectious characteristi�s. may �ause or pvse a present or pvtentia� hazard �
<br /> tv human health or the en�irvnment when improperly used, treat�d, stored, disposed vf, gen�rated, manuiactured, '
<br /> transparted ar otherwise handled. The words "Hazardous Substances" are used in their �er� �roadest sense and
<br /> include w�thout limi#atian any and all hazard�us or t�xic substances, materials vr waste as defined by vr listed
<br /> under the En�ironmentai Laws. The term "Hazardous Substances" alsv includes, withvut limitation, petroleum and
<br /> petroleum by-prod�cts❑r any fraction thereaf and asbestvs.
<br /> Impro�emen#s. The word "Impra�ements" rneans all existing and future impro�ements, hui�dings, structures.
<br /> mohile homes af#ixed on the Real Property, facilities. additions, replacements and other cvnstructi4n on the Real
<br /> Property.
<br /> Indebtedness. The word "Indebtedness" means alf princ�pal, interest, and other amounts, cvsts and expenses
<br /> payahle under the Note or Related Documents, tvgether with all renewals vf, extensions of, modifi�ations o#,
<br /> consvlidativns o�and substitutions fiar the fVvte or Related Dv�uments and any amounts expended�r ad�an�ed by
<br /> Lender to discharge Trustor's obligations or expenses incurred by Trustee 4r Lender to enforce Trustor's
<br /> ohl�gations und�r this Deed of Trust, tagether with interest on such amounts as pro�ided in this ❑eed vf Trust.
<br /> 5pecifically, withau# limitation, �ndebtedness includes the future ad►►ances s�t for#h in th� Future Ad►►ances
<br /> pro�ision, together with a!I interest �h�r�on and all amounts that may b� indirectly secured hy the
<br /> Crvss-Collaterali�atian pro�ision of this Deed of Trust.
<br /> Lender. The wnrd "Lender" means Ex�hange 8ank, its successors and assiyns.
<br /> Nat�. The wvrd "Nvte" means#he prvmissvey note dated April 14, �017, in the original principal amount ;
<br /> of $832,65�.�� fr�rn Trustor to Lender, tvgether with atl renewals of, extensivns vf, mvdifications of, �
<br /> refinan�ings af, �onsolidations of. and substitutians far the pr�missory note vr agreement. N�TICE TD TRUST�R:
<br /> THE N�TE C�NTAINS A VARIABLE INTERE�T RATE.
<br /> Personal Property. The words "Persvna! Property" mean all equipment, fixtures, and ather articles of persvnal
<br /> praperty naw or herea�Fter awned by TrustQr, and now or her�atter attached �� a��ix�d to the Real Pr�p�rty; ,
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