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2� 17�2�9�
<br /> DEED �F TRUST
<br /> L�an No: ��13�383� �C�n�irlued} Page �
<br /> pro�isivn or any other pro�ision of this �eed of Trust. Na prior wai�er by Lender, nor any course flf dealing
<br /> between Lender and Trustar, shall c�nstitute a wai�er �f any of Lender's rights or of any vf Trustor's obligatians
<br /> as t❑ any future transactions. Vllhene�er the consent flf Lender is required under this Deed ❑f Trust, the granting
<br /> of such consent by Lender in any instance shall not canstitute cont�nuing consent tv subsequent instances where
<br /> such �onsent is requ�red and in aif cases such �vnsent may be granted ar withheld in the s�le dis�retivn of Lender.
<br /> 5everability. If a court af competent jurisdiction finds any pra�isian of this Deed nf Trust t❑ b� illegal, fn�alid, or
<br /> unenfarceabl� as to any person ar circumstance, that finding shall not make the offending pravision illegal, in�alid,
<br /> ar unenforceable �s to any ather person or circumstance. lf feasible, the affending pro�isivn shall be �onsidered
<br /> madified so that it becames legal, �alid and enfarceahle. If the offending pro�isivn cannot be so mvdified, �t sha��
<br /> #�e cvnsidered de�eted from this Deed ofi Trust. Unless otherw�se required by �aw, the illegality, in�alidity, ar
<br /> unenforceability ❑f any pro�is�vn af this Deed ��Trust shall nat affect the legality, �a�idity ar enfvrceability of any
<br /> flther pro�isian of this Deed of Trust.
<br /> 5uccessors and Assigns. 5ubje�t ta any fimitativns stated in this ❑eed of Trus� ❑n transfer of Trustor's interest,
<br /> this ❑eed of Trust shall be binding upvn and inure tv th� t�enefit of the parties, their successars and assigns. If
<br /> ownership of the Prvperty becomes �ested in a person vther than Trustor, Lender, withaut not�ce to Trustor, may
<br /> deal with Trustor's successors with reference to this Deed af Trust and the Indebtedness by way af farbearance or
<br /> extension without releasing Trustor frnm the obligations of this Deed of Trust ar liabiiity under the Ind�btedn�ss,
<br /> Time is v##he Essence. Time is o�the ess�nce in the performance vf this Deed of Trust.
<br /> Waiver o� Homestead Exemption. Trustor hereby releases and wai�es all rights and benefits vf the hamestead
<br /> exemption laws o#the 5tate af Nebraska as to aff Indebtedness secured by this Deed ❑f Trust.
<br /> DEFINlTI�NS. The fallflwing capitalized words and terms shall ha�e the following meanings whsn used in this [�eed af
<br /> Trust. Unless specifi�ai�y stated t❑ the contrary, all refierences to dollar amounts sha�� mean amvunts in fawful money
<br /> of the United 5tates vf America. Words and terms used in the singular shall include the plura�, and the plural shall
<br /> incfude the singular, as the ��ntext may require. Wvrds and terms not ❑therwise defined in this Deed ❑f Trust shall
<br /> ha�e the mean�ngs a�tributed ta such terms in the Uniform Commercia� Cade:
<br /> Beneficiary. The ward "6eneficiary" means Fi�e Points Sank, and its successors and assigns.
<br /> Borrvwer. The word "Borrower" means EDMUND R KERSHAW III and MICHELLE K KERSHAW and includes all
<br /> �a-signers and cv-makers signing the Note and ail their suc�essnrs and assigns.
<br /> Deed vf Trus�. The words "Deed ❑f Trust" mean this Deed o� Trust among Trustar, Lender, and Trus�ee, and
<br /> includes without limitation all assignment and security interest pra�isions re�ating ta the Personal Pr�perty and
<br /> Rents.
<br /> Default. The word "Default" means the ❑efault set forth in thts ❑eed of Trust 3n the seGtivn tit�ed "Default".
<br /> En�ironmen#a� Laws. The words "En�ironmental Laws" mean any and all state, federal and local statutes,
<br /> regulations and ordinanc�s relating to the pratection of human health ❑r the en�ironment, including without
<br /> limitat�on the Camprehensi�e En�ironmental Response, Campensativn, and Liability Act vf 198Q, as amended, 42
<br /> U.S.C. 5ectivn 96�1, et seq. �"CERCLA"�, the Superfund Amendments and Reauthorization Act of 1986, Pub. L.
<br /> Nv. 99-499 �"SARA"�, the Hazardaus Materials Transportation AcC, 49 U.S.C. 5e�tivn 180�, et seq., the Resource
<br /> �onservati�n and Reco�ery Act, 42 U.S.C. 5ection 6941, et seq., ❑r other applicable state or federal laws, rules,
<br /> or regulativns adopted pursuant thereto.
<br /> E�ent of Default. The wvrds "E�ent❑f �efault" mean any of the e�ents of default set farth in this ❑eed of Trust in
<br /> the e��nts of defau�t section vf this Deed of Trust.
<br /> Guaranty. The ward "Guaranty" means the guaranty fram guarantor, endvrser, surety, �r accommadat�on party to
<br /> Lender, including without limitation a guaranty af all vr part❑f the Note�
<br /> Hazardvus Substances. The words "Hazardvus Substances" mean materials that, because vf their quantity,
<br /> concentrativn or physica�, chemical or infectious characteristics, may cause or pase a present ❑r pfltential hazard
<br /> t❑ human health vr the en�ironment when imprvperfy used, treated, stor�d, dispased of, generated, manufiactured,
<br /> transported o� otherwise handled. The wards "Hazardous Suhstances" are used in their �ery broadest s�ns� and
<br /> include without Iimitatian any and a�l hazard�us or toxic substances, materials or waste as defined by or listed
<br /> under the En�irvnmentai Laws. The term "Hazardous Substances" also includes, withvut limitatifln, petroleum and
<br /> petroieum by-produc�s ❑r any fra�ti�n thereof and asbestos.
<br /> �mprv�em�nts. The word "Impro��ments" m�ans all existing and future impro�ements, bui�dings, structures,
<br /> mabile homes affix�d ❑n the Real Property, facilities, add�tions, replacements and other cvnstruction on the Real
<br /> Property.
<br /> Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, C�5�5 and expenses
<br /> payable under th� Note or Related Dacuments, together with all renewa�s of, ext�nsions of, modifications of,
<br /> consalidations of and substitutions fvr the Note ar Related Documents and any amounts expended or ad�anced hy
<br /> L�nder to discharge Trustor's obligations or exp�nses in�urr�d by Trustee or Lender to enfnrce Trustar's
<br /> ❑bligatians under this Deed of Trust, together with int�rest on such amounts as pro�ided in this Deed of Trust.
<br /> Specifica�ly, w�thaut limitation, Indehtedness inctudes all amounts that may be indirec�ly secured by the
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