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2� 17�25� 1 <br /> DEE�3 DF TRUST <br /> �G�t7tlnu�d} Page 6 <br /> N�TICES. Any natice requzred to be g��en under th�s aeed of Trus�, inciuding without �imitation any notice o�def�uIt <br /> and any notice of sa�e sha�1 be gi�en in writingr and shaI� b� effec�ive when actua�fy d���vered, when a�tually received <br /> by teIefacsimile �unless❑therwis�requi�-ed by law},when deposited wi�h a nationally r�cogn�zed ove�night courier, or, if <br /> mailed, wf�en deposited in the Uni�ed S�ates maiI, �s�irst class, certi�Fied or registered maiI pos�age prepaid, dir�cted�o <br /> th� addresses shown near the heginning af this ❑eed of Trust. Ail copies ❑f not�ces o�farecIosure from the h�lder o�F <br /> any Iien whi�h has priority over this Deed of Trust shalI be sent to Lender's address, as shown near'�he beginning ❑� <br /> tf�is �eed of Trust. Any person may change his ar her address far notices under�hi� D�ed ❑f Trusf by giving formai <br /> writ�en na�ice to the o�her persan o� persons, spe�ifiying that �h� purpose ot t�te natice is ta ch�nge the persan's <br /> address. For no�ice purposes,Trustor agr�es�❑ keep Lender in�ormed at aII times of Trus�or's cu�ren�address. UnI�ss <br /> o�herwise pro�ided or requir�d by law� it there is more than one Trustor, any notice gi�en by Lender t❑ any Trustar is <br /> de�med�o be no�ice given ta aII Trus�ars. It wil!b�Trus�ar's responsibili�y-ta telI the others of�h�no�ice-Fr`om Lender. <br /> MISGELLANEaUS PR�VISiONS. The folIowing miscel�aneous p�o�isions are a part of this Deed a�Trust: <br /> Amendments. What is w�Itten in this Deed of Tt�ust and in�he Reia-�ed �ocumen�s is Trustor's entire agreement <br /> with Lender concerning�he mat�ers co�ered by this Deed af Trust. To be effective, �ny change ar amendment�� <br /> this Deed of Trust must be in w�i�ing and must�ae�igned by whoever wiil be bound ❑r obliga�ed by�he change o� <br /> amendment. <br /> Gaption Headings. �aption headings in this Deed of Trust are for canvenienc� pu�poses only and are nat�❑ be <br /> used ta interpret ar de�ine the pro�rsians❑�this Deed of Trust. <br /> Merger. There shaII be no merg�r o�F the interest ar est�te crea�ed by�his Deed ❑�Tru��with any��her inte�es�or <br />; es-�ate In�he Property at any time heId by�r far the benefii�af L�nde�in any capa�ityr without�he wr"r�en cansen� <br />� of Lender. <br /> Governing Law, This Deed ❑f Trust wi1I be go�erned hy federa� law appiicable ta tender and, to the exfenf n�t <br /> preempted by federaI Iaw,the Iaws of the State vf Nebraska without regard ta its Gonflicts ❑f Iaw provisions. This <br /> aeed of Trust has been accepted hy Lender in the State at lliebraska_ <br /> �hoice of Venue, [f�here is a lawsuit, Trustar agrees upon Lenderrs request t❑ submit to �he �urisdiction o�the <br /> courts of Haff County, State of Ne�raska. <br /> Jo�nt and SeveraI Liab�I�ty. All obliga�ians of Trustor under this Deed a-F Trust shaII be joint and severaI, and a!! <br /> references ta T�ustor shall mean each and e�ery Trustar. This means tha� each Trustar si�ning beCaw is <br /> responsib��for aII ob�iga�ions in-�his �eed o-F Trust. <br /> Na Waiver by Lender. Trus�or understands Lender will not give up any v�Lender's righ�s under�his ❑eed afi Trus� <br /> unIess Lend�r da�s s❑ in writing. The fa�t that Lender delays ar amits ta exer-cise any righ� wiII nat mean �ha� <br /> L�nder has given up that right. 1� Lender do�s ag�-ee in writing ta gi�e up one of Lender's rights, �hat does no� <br /> rrrean T�ustor wiII nat have to camply wi�h the ❑�her pra�isivns of�his ❑eed of Trust. Trustar alsa understands <br /> tha� if Lender does consent�o a r�quest� tha� daes not mean �hat Trusfior wiII nofi have�❑ get Lend�r's cans�n� <br /> again I-F the si�uafiion happ�ns again. Trustar further understands that lust because Lender consents to one or-mare <br /> of Trustorrs requests, that does not mean Lende�wi!! be required to cvnsent ta any af Trustor's fu�ur-e requests. <br /> Trustor wai�es presentmen�, cfemand for payment� p1rD��S�r and notice o�dishonor. <br /> Severabil�ty. It a court�inds that any pravision af this Deed of Trust is not�alid or shoul�t na� be�entorced, that <br /> fact by itse[�F wilI not mean that the rest❑f this Deed o�Trust wil! nvt be�a[id or enfarced. Therefare, a cvurt wi�� <br /> en�Force the rest❑f the pro�isions ot this �eed❑f Trus�eWen if a prv��sion a-�this De�d��Trusf may be found ta b� <br /> in�aIid or unenfar�eable, <br /> SuGGessors and Assigns. Subject t❑ any Iimitations stated in this Deed vf Trust on trans�er of Trustor's interestr <br /> this �eed of Trus� shaII b� �inding upon and inure �o the benefit of the parties, th�ir successors and assigns. �f <br /> ownership of the Property becomes vested in a person other than Trustor� Lender, withou�noti�e fo Trustor, may <br /> _ dea�wi�h Trustorrs suc�essars with ref�rence tv�this ❑eed�fi Trus�and the Indeb�edness by way o��orbear-an�e or <br /> exfiensian withou�releasing Trustar from the abfigatians af-this ❑e�d❑f Trus�or liabifity un�ier�he Indeb�edness. <br /> Time is of the Essen�e. Time is o�the essence in the per�armance�f this❑eed of Trust. <br /> Waiver of Hamestead Exempfiian. Trustor hereby releases and wai�es al[ rights and benefits ❑fi the homestead <br /> exemptian faw�af the State ot Nebraska as to alf Indebtedness secured by this Deed❑f Trust. <br /> �EFIIVITIQIVS. The following wvt-ds sha�i ha�e the fvliowing meanfngs when used in this Deed of Trus�:_ <br /> Beneflciary. Th�word "Bene��ciary" means Exchange Bankr and its successors and ass�gns. <br /> Borrawer. The wo�d ttSorrowern means DAMDN A ANDERS�N and AMY B ANDERS�N and incIu�es ail ' <br /> ca-signers and co�makers signing the C�edit Agreement and aII their su�cessors and assigns.. <br /> �redit A re�ment. The words "Credit Agresment" mean the crec{it agreement dated ApriI 17, 2��7, w�th Ct'ed�t <br /> Iimit v� $7 D,�D�.�� �From Trustor to Lend�r, tagether wfth a1I renewals of. exten�ivns o�F inadificatians of <br /> re�Financings of, c�nso[ida�ions af� and substi�utions for the promiss�ry nate or�agreement. 1V�TICE T� TRU5T4R� <br /> THE CREDIT AGREEMENT G�NTA�NS A VARIABLE INTEREST RATE. <br /> Deed of Trust. The words TM���d o-F Tru��".mean thi� Deed of Trus� amang Trustor, Lende�, and Trusteer and <br /> incjudes wi'thout limitation aII a�signmen� and security interes� provisians r�Ia�ing to the Personal Prape�ty and <br /> Rents. <br /> EnvironmentaI Laws. The words nEn�ironmental Laws" mean any and a11 sta�e, federa[ and Iocal sta�u�es, <br /> re�uiatians and ❑rdinances rela�ing �o the pratec�Ian of human I��al�h ❑r the envi�onmen�, including �nri�hout <br /> [imitativn the Comprehensive En�ironmen�a� R�spanse, Compensativn. and Li�biIity Ac�❑f '[�80, as amended, 4� <br /> U.S.G. Section 96D'i, et seq� {"�ERCLA"}, �he 5uperFund Amendments and Reaufhoriza�ion Act of "I986, Pub. L. <br /> No. 99-499 ("SARAn���h�Hazardous Mat�rials Tt�ansparta�ion Act,49 U.S.C. S�ction 18D1, et seq.,the Resource <br /> Conservation and Reca�ery Act� 42 [J.S.C. 5ec�ion 59�'i, e-�seq., ❑r❑�he�~applicable stat� ❑r federar laws, rules, <br /> or regufatians adopted pursuant ther�ta. . <br /> F�ent of Defau[t. Th�words "E�en�o�DefauIt" mean any ofi the events of default set forth in this Dsed❑f T�ust in <br /> the events of de-Fauit section❑f this ❑eed of T�ust. <br /> Ex�sting �ndeb�edness. The wards TMExis�in� Indeb�kednessn mea� the indeb�edness descrEbed in th� Exist'rng Liens <br /> prvvision a�this Deed o�Trus�. <br /> H�zardous Substan�es. Th� wards "Hazardous Subs�ances" mean ma�eria�s tha�, hecause af their quantity, <br /> concentration ❑r- p�ysicaI, chemiGaI ❑r in�e�tious characteristics, may �ause ar pose a present or po�ent�al ha�ard <br /> to human heaj�h or the en�ironment when impraperIy used,trea�ed, stor�:d, dispased of, genera��d, manu-Factured, <br /> transported or otherwise handled. The wards ttHazardvus Substancestt are used in their very broades�sense and <br /> fn�lude wl�haut timitatian any and a!! hazardous ar �axic substances, materials ❑r waste as de�ined by or Iist�d <br /> under the En�ironmental Laws. The term ttHazardous Sul�stancesTM a�so incIu�es,without Iimi�a�ion, pe�roleum and <br /> petroIeum by--products or any�Fraction�hereof and asbestos. <br /> Imprv�ements. The word "lmpro�ements" means a�r existing and future �mpro�ements� bui�d�ngs� s�ructures, <br /> mobile ham�s af-Fixed on the Real Property, �acilities, additions, replacements and ❑ther consfiruction on the Real <br />