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2� 17�2791
<br /> vEE� �F TRu�-r
<br /> ��ontinued� Page 7
<br /> cour�s of Hall County, S�ate of N�braska.
<br /> No Vllai�er by Lender. Lende�shall no�be deemed t❑ ha�e wai�ed any rights under th�s Deed of Trust un�ess such
<br /> wai�er is gi�en in writing and signed by Lender. No defay or omission on the part of Lender in exercising any righ�
<br /> shall operate as a �rvai�er of such right or any other right, A wai��r by L�nder of a pro�isivn of�his De�d o#Trust
<br /> sha�l not prejudice or constitute a wai�er of Lender's right vther►rvise ta demand strict compliance v►rith �hat
<br /> pro�ision or any vther pro�isi�n of this De�d of Trust. N❑ prior wai�er �y Lend�r, nor any course ❑� dealing
<br /> between Lender and Trustor, shal� constitute a wai�er of any o� Lender's rights or ofi any �#Trustor's obl�ga�ions
<br /> as to any �uture transa�tions. Whene�er the c�nsent of Lender is required under�his ❑eed of Trust, the gran�ing
<br /> of su�h consent by Lender in any instance shall not �onstitute con�tinuing consent#� subsequent �nstances where
<br /> such cansen�is r�quired and in all �ases such consent may be granted or withheld �n the sale disCretion of Lender.
<br /> Severability. If a court �f c�mpetent jurisdiction finds any pro�ision o�this Deed of Trus�to be iffegal, in�alid, or
<br /> unenforceable as to any circumstance, that �inding shall no� m�ke the �ffending pro�ision illegal, in�alid, or
<br /> unenf�rceable as ta any other circumstance. €f �easible, the ❑ffending pro�ision shafi be considered modified so
<br /> tha� �t becomes I�gal, �alid and enforceable. If ths o#�ending pr��ision cannot be s� modified, it shall be
<br /> Considered deleted from th€s D�ed af T�ust. Unfess otherwise required by law, the illegafi#y, in�alidity, �r
<br /> unenfv�ceabili�y o�any pr��ision of this Deed ofi Trust shall not affe�t the legali�y, �alidity or enforc�ab�lity of any
<br /> o�her p�a�ision of this Deed a�Trust.
<br /> Successors and Assigns. Sub�ec�to any limi�ations stated in this Deed of Trust on �ransfer of T�ustor's interest,
<br /> this ❑eed of Trust shall be binding upon and inure to the benefit of the parties, the�r success�rs and assigns. If
<br /> own�rship of the Property becomes �ested in a person o�her than Trustor, Lender, without no�tic� ta Trustor, may
<br /> deaf with Trustor's successvrs with re�erence to this Deed of Trust and th� �ndebt�dness by way of fvrbearance or
<br /> �xtension withaut releasing Trustor�r�m�he obligations of this Deed❑#Trust or liability under the Indebtedness.
<br /> Time is of the Essence. Time is of th�essence in the per�ormance o�this ❑eed af Trust.
<br /> Wai�e Jury. AI! par�ies �a this Deed vf Trust herehy wai�e the right�o any jury trEat in any ac�ion. proceeding, or
<br /> c�untercla�m brought by any par�y against any other party.
<br /> Wai�er a� Homes�ead Exemption. Trustor hereby re�eases and wa��es all rights and benefi�s of #he hamestead
<br /> �xemption laws ❑f the State of Nebraska as to all lndehtedness secured k�y�his D�ed a�Trust.
<br /> DEFINITl�NS. The follow�ng capitalized wards and terms shall ha�e the �ollowing meanings when used in this i]eed of
<br /> Trust. Unless specifical�y sta�ed t� the con�rary, afl re#erences to dollar amounts sha�l mean amaunts in law�ui money
<br /> of the lJnited 5tates ❑� America. Words and terms used in the s�ngular shal� include �he plural, and th� pfural shall
<br /> include the singular, as �he c�nt�xt may requ�re. Words and �erms not otherwise defined in this Deed af Trus� shall
<br /> ha�e�he meanings attrihuted to such terms in the Uniform Commercial Code:
<br /> Bene�i�iary. The word "Beneficiary" means Exchange Bank, and its successors and assigns.
<br /> Borrower, The word "Borrorrver" means Hu�f Prop�r�ies, L.L.C. and includes a�� co-signers and co-makers signing
<br /> the Note and a11�heir suc�essors and assigns.
<br /> Deed a# Trus�. The words "Deed of Trus�" mean this Deed o# Trust am�ng Trustor, Lende�, and Trustee, and
<br /> includes withou� �imifiativn al[ ass�gnmen� and security interest pro�isions rela�ing t❑ the P�rsonal Property and
<br /> Rents.
<br /> Default. The vvord "Defaul�" means�he De�au�fi set forth �n th�s Deed of Trust in�he sect�on titled "Defauft".
<br /> En�ironmen�a! Laws. The words "En�ironmen�al Laws" mean any and all s�ate, federal and Iocal s�atutes,
<br /> regulations and o�dinan�es relatin� to the prote�tian af human-�health�or,.�=t��.:..en�irvnmen�, including withvut
<br /> �imitation the Camprehensi�e En�i�onmental Response, Compensation, and i:ia��lkty A.c.�of 1:98Q, as amended, 4�
<br /> lJ.S.C. Section 96��, et seq. �"CERCLA"�, �he Superfund Amencfinen�s��a��ic��•R�ea��r�iza�ivn�Act of 198�, Pub. L.
<br /> Na. 99W499 t"SARA"y, the Hazardous Materials Transportativn�A�ct, 49 U.;S.,C::��e�-tion �;8��, et seq., the R�source
<br /> Conser�ation and Reco�ery Act, 4� U.S.C, Section 69fl1, et seq., or��her�'�i-pp�ic�hle state or federal 1aws, rules,
<br /> or regulatians advp�ed pursuant thereto.
<br /> E�ent o#Default. The words "E�ent of Defaul�" m�an any af the e�ents of default set fvr�h in this Deed ofi Trust in
<br /> the e�ents a�default section af this Desd af Trust.
<br /> Guarantvr. The word "Guarantar" means any guarantor, surety, ❑r accommadation party o� any or a[E o� the
<br /> Indebtedness.
<br /> Guaranty. The word "Guaranty" means the guaran�y from Guaran�or ta Lender, including withaut limitation a
<br /> g ua ranty of a I I or pa�t of the Nate.
<br /> Hazardous Substances. Th� words "Hazardous 5ubstan�es" mean materials that, be�ause vf their quan�ity,
<br /> cancentrativn or physical, ch�mical ar inf�ctivus characteristics, may cause vr pose a presen� ❑r potent�al ha�ard
<br /> ta human health ar the en�ironment when improperly used, treated, stor�d, d�sposed of, generated, manu�a��ured,
<br /> transpo�ted vr otherwise handled. The words "Ha�ardous Substances" are used in th�ir �ery broadest sense and
<br /> include withvut limitation any and all hazardous or toxEc substances, mat�rials or waste as defined by or iisted
<br /> under�he En�iranmental Laws. The term "Hazardous Suhstances" als� includes, withaut limitation, petroleum and
<br /> petro�eum by-p�oduc�s vr any �Fraction therevfi and as�estos.
<br /> Imprvr►ements. The word "Impro�ements" means afl existing and �utu�e impra�ements, buildings, structures,
<br /> mobile homes a�#ixed an fihe Real Praperty, fa�ilities, additions, rep[a�emen�s and other �vnstruct��n fln th� Rea�
<br /> Property.
<br /> lndebtedness. The word "Indebtedness" means a�l principal, interest, and other amounts, c�sts and expenses
<br /> payah�e under the Note o� Related Documents, together ►rvi�h a�� renewals ❑f, ext�nsions af, modificatians o�,
<br /> cvnsoiidations of and substitu�ivns for the Nvte or Related Documents and any amounts expended or ad�anced hy
<br /> Lender to discharge Trus�or's �bligativns or expenses in�urred �y Trustee or Lend�r to en�orce T�ustor's
<br /> obligatians under �his ❑eed of Trust, toge�her with �nterest on such amounts as pra�ided in this Deed of Trust.
<br /> Specifically, withau� limita�ian, lnd�htedness includes �he future ad�ances s�t fo�th in th� Future Ad�ances
<br /> pr��ision, tog�ther with all �nterest thereon and all amounts tha� may be indirec�ly secured by the
<br /> Cross-Callatera�ization pra�isivn of th�s Deed of Trust.
<br /> Lender. The ward "Lender" means Exchange Bank, its successors and assigns.
<br /> Note. The word "Nvte" means the promissory nv�e dated May 1, 2�17, in the arigina! principal amount of
<br /> $45.0��,�� from Trustor t❑ Lender, t�gether wi�h all renewals of, extensions of, mvdi�ications of, re�inancings
<br /> vf, consolida�ivns of, and su�stitutions fo�the promissory n�te vr agreement.
<br /> Personai Property. The wards "Persanal Prvperty" mean al� equipment, fixtures, and other arti�les of pe�sonal
<br /> property now or hereafi�er owned by Trustvr, and nvw or hereafiter attached or af��xed to �he Rea[ Prvperty;
<br /> tog�ther with alt accessions, parts, and addit�vns to, ali replacements �f, and all substitutions for, any o� such
<br /> property; and tog�ther wi�h a�l proceeds {inc�uding without limitation a!I insurance proceeds and refunds af
<br /> premiumsf #rom any sale or other dispositian v�the Property.
<br /> Prvperty, The word "Property" means collecti�ely the Real Property and th� Personal Property.
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