|
2� 17�2878
<br /> DEED DF TRUST
<br /> �Cor�tinued� Page 7
<br /> Go�erning Law. Th�s ❑eed o� Trus� will be go�erned by �ede�ra� iaw app�icable tv Lender and. �v fhe extent nvt
<br /> preemp�ed by�edera�law,the laws of the S#a�e of Nebraska withou�re�ard to its �on#lic�s of lav+�prorrisions. Th�s
<br /> Deed of�'rust has been ac�epted by L�nder in�he State of Nebraska.
<br /> Chvice of Venue. �f there is a lawsui�, Trust�r agrees upon Lender's �equest to submit to the jurisdiction of #he
<br /> cour�s o#Hall Coun�y, 5tate o�Nebraska.
<br /> No Wai�er by Lender. Lender sha�l no�be deemed to ha�e wai�ed any righ�s under�his D��d of Trust unless such
<br /> wai�er is gi�en in writing and signed by Lender. No delay or omissian ❑n the part v# Lender in exercising any right
<br /> shall operate as a waE�er ❑f such righ�or any o�her ��ght. A wa��er hy Lender of a pro�is�on ofi this Deed a�Trust
<br /> shal[ no� prejudice or constitute a wai��r of L�nder's right othe�wise #a demand strict comp{iance with that
<br /> pro�isivn or any othe� pro�ision of this Deed af Trust. No pr�or wai�er by Lender, nar any course vf dealing
<br /> b�tween Lender and Trustor, shall constitute a wa��er of any of L�nder's rights vr �f any of Trustvr's obligat�ons
<br /> as to any �uture transactions. VVhene�er the consent vfi Lende� is required under this Deed o�Trus�, the gran�ing
<br /> o� su�h consent hy Lend�r in any instance shall n�t consti�ute con�inuing consent to subsequent instances where
<br /> such consen�is required and �n all cases such consent may be granted or withheld in the sole discretion o�Lender.
<br /> 5e�erabiiity, If a caurt v� competent jurisdiction �inds any pro�ision a�this Deed of Trust tv be illega�, in�alid, ❑r
<br /> unenforceable as to any circumstance, that finding sha�l not make the ❑ffending pro��si�n illegal, in�alid, or
<br /> unenforc�able as to any ❑ther circums�ance. If feasik�le, the afif�nding prv�isian shall be �onsidered modified so
<br /> that it becomes fega�, valid and enforceable. {f the offending pro�ision canno� be s� modified, it shall be
<br /> cons�dered delet�d from this Deed ❑f Trust. Unless otherwise �equired by law, the �llegality, in�alidity, o�
<br /> unenfor�eabil�ty of any prv�ision of this Deed ofi Trust shall not af�ect the l�gal�ty, �alidity vr enfarceability o�any
<br /> vther pra�ision of this Deed o�Trus�,
<br /> Su�cessors and Assigns, 5ubject to any �imi�a�ions stated in this Deed of Trust on transfier ofi Trustor's interest,
<br /> th�s Deed a� Trust sha�l be binding upon and inure to the bene�it of the parti�s, their successvrs and ass�gns. �f
<br /> ❑wnership� afi the Proper�y becomes �ested in a p�rson ather�han Trustor, Lender, withou� notic� �a Trustor, may
<br /> dea� wi�h Trustor's su�cesso�s wi�h re��rence to this Deed of Trust and th� Ind�btedness by way of forbearance or
<br /> extension wi�hout releasing Trustor from�he ot�l�gations of this Deed of Trust ar liability under the Indebtedn�ss.
<br /> Time is�f the Essence, T�me is of th� essence �n the performance af this Deed of Trust.
<br /> Vllai�e Jury. All parties tv#his Deed vf Trust hereby wai�e the r�ght to any jury trial �n any activn, proceeding, or
<br /> counter�laim brvught by any party against any vther party.
<br /> Wa�r�er v# Homestead Exempt�on. Trustor hereby releases and wai�es all rights and benefi�s af the horr-��stead
<br /> exemption �aws af the State of Nebraska as tv all Inde�tedness se�ured by this Deed a�Trust.
<br /> DEFIN�T��NS. The following capitali�ed words and t�rms shall ha�e the f��lowing meanin�s when used in this Deed ❑�
<br /> Trust. Unless specif�cally stafied to the �on�rary, al! referen��s �o dollar amoun�s shall mean amounts in lawful money
<br /> o� the tJn�t�d 5tates of Ameri�a. Words and terms usec! in the singular shall inc�ude �he plural, and the plural sha11
<br /> include �he singular, as the cantext may re�u��e. Words and terms nvt otherwise defined in this D�ed af Trust shall
<br /> ha�e the meanings attrihuted to such terms in the Un�form �ommercial Code:
<br /> Bene�iciary. Th� wvrd "6eneficiary" means Exchange Bank, and its suc�essors and assigns.
<br /> Borrvwer. The word "6orrvwer" means Brickmark Praperties LLC and includes all ��-signers and c�-makers
<br /> signing the Note and all their successors and assigns.
<br /> ❑eed vf Trust. The words "[]eed of Trust" mean �his Deed o� Trust among Trustor, Lender, and Trustee, and
<br /> inc�udes withaut I�mitativn a!� assignment and s�curity interest prv�isians relating �v the Personal Property and
<br /> Rents.
<br /> Defau�t. The w�rd "Default" means the ❑e�auft set forth in this Deed of Trust in�he se�tian titied "�efau�t".
<br /> En�irvnment�� Laws. The words "En��ronmen�al Laws" mean any �nd all state, fed�ral and IvGal statutes,
<br /> regu{at�ons and vrdinan�es rela�ing �v th� pro�ection o� human heai�h or th� en�irvnment, including withvut
<br /> iimitation the Comprehensi�e En�irvnmenta! Response, Compensativn, and Liahili�y Act o'� �98�, as amended, 42
<br /> U.S.C. Sect�vn 9fia1, et seq. �"CERCLA"�, the Sup�r#und Amendmer€�s'�and��l��eau�horizat�on-�4ct v�.�986, Puh. L.
<br /> Na. 99-499 �"SARA"�, the Hazardous Materials Transportation Acf;:.49.U:S.C.��ectian �-8D��, et seq., the Resour�e
<br /> Conser�ation and Reco�ery Act, 42 U.S.C. Section fi9��, et seq.,�or vth�r��p�pl�iEabie,�tate or #ederal laws, rules,
<br /> or regulations ad�p�ed pursuant#hereto. � � � ` . :� ��'-��= . � � ., .
<br /> .....�..�-.--� ,o.,�:�.:
<br /> . r;�ww.,...y,�w.�.-^.. •.i ..
<br /> Event of❑efault. The words "E�ent of Defau�t" mean any af the e�ents afi default se�forth in this Deed v�Trus�in
<br /> the e�ents of de�ault sec�kian of this ❑eed of Trust.
<br /> Cua�antor. The wv�d "Guarantor" means any guarantor, surety, a� accommodation party of any ❑r all af the
<br /> Indebtedness.
<br /> Guaran�y. The word "Guaranty" means the guaranty from Gua�an�vr ta Lender, inc�uding withou� lim�tation a
<br /> guaran�y of all or part ofi the Nate.
<br /> Haz�rdaus Substan�es. The words "Hazard�us Subs�ances" mean materials that, because of their quan�ity,
<br /> concentration or physical, chemical or infe�tious characteristics, may cause or pose a present or potential hazard
<br /> to human health or�he en�iranment when improperly us�d, trea€ed, stored, disposed of, genera�ed, manu�actured,
<br /> transported vr ❑therwise handfed. The vuords "Hazardous Subs�ances" are used in �heir �ery broadest sense and
<br /> include withaut limitation any and a11 hazardous or toxic subs�ances, ma�erials or waste as defined by or iisted
<br /> under�he En�i�onmentaf Laws, The�term "Hazardous 5ubstances" afso in�ludes, without I�mitation, p�troleum and
<br /> petroleum by�products�r any fraction�here��and asbestos.
<br /> Imprv�ernents. The word "lmpro�ements" means a[� existing and future impro�em�nts, buildings, s�ruGtures,
<br /> mabile homes affixed on �h� Real Property, �acilities, additions, replacements and other construcfiion on the Rea1
<br /> PrQper�y.
<br /> lndebtedness. The word "Indeh�edness" means al� prin�ipal, interest, and other amounts, �osts and expenses
<br /> payable under fihe No�e or Related D�cuments, together with all reneuvals �f, extensions o�, mvdificatians o�,
<br /> �ansolidations of and substitutions for the Note ❑� Related ❑ocuments and any amounts expended ar ad�anced by
<br /> Lender to discharge Trust�r's obligatians vr expenses incurred by Trus�ee or Lender to enforce Trus�or's
<br /> ob��gations under this Deed o� Trust, toge�her with in�erest on such amaun�s as pra�ided in this Deed o� Trust.
<br /> 5pecifica�ly, without limitati�n, Indebtedness inc�udes the future ad�ances set �orth in the Fu�ure Ad�ances
<br /> {�ro�isivn, together with ail �n�erest thereon and all amounts that may be indirectly s�cured by th�
<br /> �r�ss-Col[ateralization pro��sion vf�his Deed vf Trust.
<br /> Lender. The wvrd "Lender" means Exchange Bank, its successors and assigns.
<br /> Note. The wvrd "Nate" means the promissory note da�ed Apri! �7, 2D 17, in the original principal amount
<br /> �f $8�,���.�❑ from Trustar tv Lend�r, t�gether with a�l renewals of, extensions o�, modifications of,
<br /> re�inancings of, Cansolidations o#, and suhstitu�ions�ar the promissory note or agreem�nt.
<br /> Personai Property. The wards "Persvnal Property" mean a�l equ�pment, �ixtures, and ❑�her artic�es of persanal
<br /> proper�y now or hereafter owned by Trus�or, and now or hereafter attached or af�ixed t� fihe Real Praper�yE
<br /> n
<br />
|