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DEED OF TRUST
<br />Loan NO: 1708528 200307021 (Continued) Page
<br />DEFINITIONS. The following words shall have the following meanings when used in this Deed of Trust.
<br />Benafclary. The word "Benehciary" means United Nebraska Bank, and its successors and assigns.
<br />Burrower. The word "Borrower" means Jeffrey 8, O'Callaghan and Sherri L. O'Callaghan, and all other persons and emities signing
<br />the Note.
<br />Deed of Trust. The wards "Deed of Trust" mean this Decd Of Trust among Trustor, Lender, and Trustee, and includes without
<br />limitation all assignment and security Interest provisions relating to the Personal Property and Rents.
<br />Environmental Laws. The words "Environmental Laws" mean any and all state, tedeml and local statutes, regulations and ordinances
<br />relating to the protection of human health or the environment, including without limitation the Comprehensive Environmental
<br />Response, Compensation, and Liability Act of 1980, as amended, 42 U.S.C. Section 9601, at seq. 1 "CERCLA "I, the Superfund
<br />Amendments and Reauthorization Act of 1986, Pub. L. No. 99 -499 1 "SARA "1, the Hazardous Materials Transportation Act, 49 U.S.C.
<br />Section 1801, at seq., the Resource Conservation and Recovery Act, 42 U.S.C. Section 6901, at seq., or other applicable state or
<br />federal laws, rules, or regulations adopted pursuant thereto.
<br />Event of Default. The words "Event of Default" mean any of the events of default set forth in this Deed of Trust in the events of
<br />default section of this Deed of Trust.
<br />Existing Indebtedness. The words "Existing Indebtedness" mean the indebtedness described in the Existing Liens provision Of this
<br />Deed of Trust.
<br />Guaranty. The word "Guaranty" means the guaranty from guarantor, endorser, surety, or accommodation party to Lender, including
<br />without limitation a guaranty of all or part of the Note.
<br />Hazardous Substances. The words "Hazardous Substances" mean materials that, because of their quantity, concentration or
<br />physical, chemical or infectious characteristics, may cause or pose a present or potential hazard to human health or the environment
<br />when Improperly used, treated, stored, disposed of, generated, manufactured, transported or otherwise handled. The words
<br />"Hazardous Substances" are used In their very broadest s and include without limitation any and all hazardous or toxic
<br />substances, materials or waste as defined by or listed under the Environmental Laws. The term "Hazardous Substances" also
<br />includes, without limitation, petroleum and petroleum by- products or any fraction thereof and asbestos.
<br />Improvements. The word "Improvements" means all existing and future improvements, buildings, structures, mobile homes affixed on
<br />the Real Property, facilities, additions, replacements and ether construction on the Real Property,
<br />Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses payable under the Note
<br />or Related Documents, together with all renewals of, extensions of, modifications of, consolidations of and substitutions for the Note
<br />or Related Documents and any amounts expended or advanced by Lender to discharge Trucha's obligations or expenses incurred by
<br />Trustee or Lender to enforce Thaler's obligations under this Deed of Trust, together with interest on such amounts as provided In this
<br />Deed of t rust.
<br />Lander. The word "Lender" means United Nebraska Bank, its successors and assigns. The words "successors or assigns" mean any
<br />person or company that acquires any interest in the Note.
<br />Net.. The word "Note" means the promissory note dated May 24, 2003, in the original principal amount of $32,000.00
<br />from Toaster to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, and
<br />substitutions for the promissory note or agreement.
<br />Personal Property. The wards "Personal Property" mean all equipment, fixtures, and Other articles of personal property now or
<br />hereafter owned by Trustor, and now or hereafter attached or affixed to the Real Property; together with all accessions, parts, and
<br />additions to all replacements of, and all substitutions for, any of such property: and together with all proceeds (including without
<br />mutation all in„uran ,e proceeds and refunds of premiums) from any sale er other disposition of the Property,
<br />Property. The ward "Property" means collectively the Real Property and the Personal Property.
<br />Real Property. The words "Real Property" mean the real property, Interests and rights, as further described in this Deed of Trust.
<br />Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan agreements, environmental
<br />agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other
<br />Instruments, agreements and documents, whether now or hereafter existing, executed in connection with the Indebtedness.
<br />Rents. The word "Rents" means all present and future rents, revenues, income, issues, royalties, profits and ether benefits derived
<br />from the Property.
<br />Trustee. The word "Trustee" means United Nebraska Bank , whose address is 700 N. Webb, Grand Island, NE 68802 and any
<br />substitute or successor trustees.
<br />Trustor. I he wad "Trustor" means Jeffrey B. O'Callaghan and Sherri L. O'Callaghan.
<br />EACH TRUSTOR ACKNOWLEDGES HAVING HEAD ALL THE PROVISIONS OF THIS DEED OF TRUST, AND EACH TRUSTOR AGREES TO
<br />ITS TERMS.
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