202305755
<br />DCN: 963416659784EAF9F30013373E3843F2C
<br />any part thereof; it being the intention of the parties hereto to preserve this lien on the Property, and all
<br />improvements thereon and that may be hereafter constructed thereon, as first and superior to any liens that may
<br />be placed thereon, or that may be fixed, given or imposed by law thereon, after the execution of this
<br />instrument, notwithstanding any such extension of the time of payment or the release of a portion of Property
<br />from this lien.
<br />15. Application of Payments. In the event any portion of the indebtedness herein above described cannot be
<br />lawfully secured by this Deed of Trust lien on the Property, it is agreed that the first payments made on said
<br />indebtedness shall be applied to the discharge of that portion of said indebtedness.
<br />16. Condemnation. Beneficiary shall be entitled to receive any and all sums which may become payable to
<br />Trustors for the condemnation of the Property, or any part thereof, for public or quasi -public use, or by virtue
<br />of private sale in lieu thereof, and any sums which may be awarded or become payable to Trustors for
<br />damages caused by public works or construction on or near the Property. All such sums are hereby assigned to
<br />Beneficiary, who may, after deduction therefrom all expenses actually incurred, including attorney's fees,
<br />release same to Trustors or apply same to the reductions of the indebtedness hereby secured, whether then
<br />matured or to mature in the future, or to the reduction of any money obligation hereunder, as and in such
<br />manner as Beneficiary may elect. Beneficiary shall not be, in any event or circumstance, liable or responsible
<br />for failure to collect, or exercise diligence in the collection of, any such sums.
<br />17. Controlling Agreement. Nothing herein, or in said Note, contained shall ever entitle Beneficiary, upon the
<br />arising of any contingency whatsoever, to receive or collect interest in excess of the highest rate allowed by
<br />the laws of the State of Nebraska and/or the United States on the principal indebtedness hereby secured or on
<br />any money obligation hereunder, and in no event shall the Debtors or Trustors be obligated to pay interest
<br />thereon in excess of such rate.
<br />18. References. If this Deed of Trust is executed by only one person or by a corporation, the plural reference to
<br />Trustors shall be held to include the singular, and all of the covenants and agreements herein undertaken to be
<br />performed by, and the rights conferred upon, the respective Trustors named herein, shall be binding upon and
<br />inure to the benefit of not only said parties respectively but also their respective heirs, executors,
<br />administrators, personal representatives, grantees, successors and assigns.
<br />19. Fixtures. It is understood and agreed that by this instrument Trustors, in addition to fixing and creating a Deed
<br />of Trust lien upon and against the Property, inclusive of all goods which are or are to become fixtures thereon,
<br />have also created and granted to the Beneficiary pursuant to the Uniform Commercial Code of Nebraska a
<br />security interest in said goods. This Deed of Trust constitutes a fixture filing under sections 9-501(a)(1) and 9-
<br />502(c) of the Uniform Commercial Code and for this purpose, the following information is set forth: (a) the
<br />Trustors are the debtor and their address is shown on page 1 hereof; (b) the Beneficiary is the secured party
<br />and its address is shown on page 1 hereof; (c) this document covers goods which are or are to become fixtures
<br />on the real property described herein; (d) the Trustor (debtor) is the record owner of the real property described
<br />herein; and (e) this fixture filing covers proceeds and products of the fixtures.
<br />20. Sale or Transfer. Upon sale or transfer of all or any part of the Property, or any interest therein, or of any
<br />beneficial interest in any Trustors (if said Trustors is not a natural person or persons but is a corporation,
<br />partnership, trust or other legal entity), Beneficiary may, at its option, declare all of the sums secured by this
<br />instrument to be immediately due and payable, and Beneficiary may invoke any remedies provided in this
<br />instrument.
<br />21. Limitation on Interest. The parties hereto stipulate that, in the event any applicable law limiting the amount
<br />of interest or other charges permitted to be collected is interpreted so that any charge provided for in this Deed
<br />of Trust or in the Note, whether considered separately or together with other charges that are considered a part
<br />of this Deed of Trust and Note transaction, or any charge provided in other indebtedness secured hereby,
<br />violates such law by reason of the acceleration of the indebtedness secured hereby, or for any other reason,
<br />such charge is hereby reduced to the extent necessary to eliminate such violation. Any amounts of such interest
<br />or other charges previously paid to Beneficiary in excess of the amounts permitted by applicable law shall be
<br />applied by Beneficiary to reduce the principal of the indebtedness evidenced by the Note, or, at Beneficiary's
<br />option, be refunded. To the extent permitted by applicable law, determination of the legal maximum amount of
<br />interest shall at all times be made by amortizing, prorating, allocating and spreading, in equal parts during the
<br />period of the full stated term of the pertinent loan and indebtedness, all interest at any time contracted for,
<br />charged or received from the maker of the Note in connection with the loan and indebtedness secured hereby,
<br />so that the actual rate of interest on account of such indebtedness is uniform throughout the term thereof.
<br />22. Environmental Matters.
<br />A) Defined Terms. All capitalized terms used in this instrument shall have the meanings defined in the Sections
<br />where they are first used, or if not therein defined, the following meanings (such meanings to be equally
<br />applicable to both the singular and the plural forms of the terms defined):
<br />(1) "Contaminants" means hazardous substances, toxic, substances, hazardous wastes, special wastes,
<br />petroleum or any other substance regulated under any applicable federal, state or local environmental law; and
<br />(2) "Environmental Agency" means the U.S. Environmental Protection Agency, a state or local attorney
<br />general or any other federal, state or local governmental agency that regulates or controls the generation,
<br />treatment, storage, transportation, release or disposal of Contaminants or the remediation of problems
<br />pertaining to Contaminants.
<br />Form DEEDPD-NE
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<br />0 Copyright 02/2023 American Bank Systems, Inc.
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