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DEED OF TRUST 200207015
<br />Loan No: 1545508 (Continued) Page 5
<br />Real Property; and (c) loin In any subordination or other agreement effecting this Deed of Trust or the interest of Lender under this Deed of
<br />Trust.
<br />Trusts . Trustee shall mewl all quarrmanons required for Trustee under applicable law. In eddmon to the rights and remedies set forth
<br />above, with inspect to all or any part of the Property, the Trustee shell have the right to created by notice and sale, and Lender will have the
<br />right to foreclose by judicial lofficia e, In either case In accordance with and to the full extent provided by applicable law.
<br />Successor Trust" Lender, at Lenders option, may from time to time appoint a successor Trustee to any Trustee appointed under this
<br />Deed of Trust by an Instrument executed and acknowledged by Lender and recorded in the office of the recorder of HALL County, State of
<br />Nebraska. The Instrument shell contain, In addlllon to all other matters required by stale law, the names of the Original Lender Trustee apd
<br />Trustor, the book and page (or computer system reference) where this Deed of Trust Is recorded, and the name and address Of the
<br />successor trustee. and the instrument shall be executed and acknowledged by all the beneficiaries under this Deed of Trust or their
<br />n InteraeL The successor trustee, without conveyance of the Property, shall succeed to en the tale, power and dunes conferred
<br />upo successors
<br />theTrustee In this Dead of Trust and by applicable law. This prCCedure for substitution of Trustee shall govern to the exclusion of all
<br />other provisions for substitution
<br />NOTICES. Any moce required to be given under this Dead of Trust, Moisture without trunnion any notice of default and any notice OI sale shall
<br />be given in writing, and shall be 8Nective when actually delivered, when ecNelly received by talefacsimile (unless otherwise required by law),
<br />when deposited with a nationally recognized overnight canner, or, If melted, When deposited In the United Steles mall, as first class, certified Or
<br />registered mall postage prepaid i directed to the addresses shown near the beginning Of this Deed of Trust, All copies of noPOes M foreclosure
<br />from the holder of any Ilan which has priority over this Dead of Trust shall be sent to Lender's address, its shown near the beginning of this Dead
<br />of Trust. Any person may change his or her address for notices under this Deed of Trust by gang formal written notice to the other person Or
<br />Info med at all times of Truslors current address Unless Unlessootherveram provided or d by law, it therpurposes s more Trustor an one Lpslorean Lender
<br />prey reuse
<br />given by Lender to any Trustor Is deemed to be notice given to all Trusts*. It will be Truslors roile nslbilly to tell the others of the note@ from
<br />Lender.
<br />MISCELLANEOUS PROVISIONS. The following miscellarreous provisions are a pert of this Dead of Trust.
<br />Amendments. What is written In this Deed of Trust and in the Related Documents Is Trustor's entire agreement with Lender concerning the
<br />matters covered by this Dead of Trust. To be effective, any change or amendment to this Deed of Trust must be In writing and must be
<br />signed by whoever will be bound or obligated by the change or amendment.
<br />Catellon Headings. Caption headings in this Dead of Trust are for convenience purposes only and are not to be used to Interpret or define
<br />the provisions of this Deed of Trust.
<br />Merger. There shall be no merger of the interest or estate created by this Deed of Trust with any other interest Or estate in the Property at
<br />any time held by or for the benefit of Lender in any capacity, without the written consent Of Lender.
<br />Governing Lev. This Deetl of Trust will be governed by and Inferpreletl In accordance with federal law and the laws of the Stale of
<br />Nebrmka. This D of Truitt has been accepted by Lender In the Stale of Nebraska.
<br />No Waiver by Under. Trustor understands Lender will oat give up any of Lenders hire under this Deed of Trust unless Lender does so In
<br />willing - The fact that Lender delays or omits to exercise any right will not mean that Lender has given up that I If Lander does agree In
<br />writing to give up one Of Lenders rights, that does not mean Trustor will not have to comply with the other provlslons of this Deed of Trust .
<br />Lester also understands that IF Lender does consent in a request, that does not mean that Trustor will not have to gel Lenders consent
<br />again if the situation happens again. Trustor further understands that just because Lender consents to one or more of Truslors requ ll
<br />that does not mean Lender will be required tO consent to any of Trustor s future requests. Trustor Well presentment, demand for payment,
<br />protest, and notice of tll5honor.
<br />Stressfully. If a court finds that any provision of this Deed of Trust is not valid or should not be enforced, that fact by lard will not mean
<br />that the rest of this Deed of Trust will not be veld Or enforced. Therefore, a court will enforce the rest of the provlslons of this Deed of Trust
<br />en if a provision of Deed of Trust may be found to be invalid or unenforceable.
<br />Successors and AsWgns. Subject to any Iimiterans stated in this Deed Of Trust on transfer of Tester's deal this Dead of Trust shell be
<br />binding upon and Inure to the benefit of the parties, their successors and assigns. If ownership of the Property becomes vested in a person
<br />other than Trusts(, Lender, without Tares to Tmslor, may dial with Trials successors with reference to this Deed of Trust and the
<br />Indebtedness by way Of forbearance or extension without releasing Tenor from the obligations OI this Deed of Trust Or uebauy under the
<br />Indebtedness.
<br />Time Is of the Essence. Time is of the essence In the performance of this Dead of Trust.
<br />Waiver of Homestead Exemption. Trustor hereby releases and Waives 911 rights and benefits of the homestead exemption laws of the State
<br />of Nebraska as to all Indebtedness secured by this Dead of Trust
<br />DEFINITIONS. The following words shall have the foltowtng meanings when used in this Deed of Trust'.
<br />Benellclary. The word "Beneficiary' means United Nebraska Bank, and its successors and assigns.
<br />Borrower. The word 'Borrower means GARY D CHRISTENSEN, and all other pennns and entities signing the Note.
<br />Deed of Trust. The wards "Deetl of Trust" mean this Deed Of Trust among Truster Lentlaq and Trustee, and includes without limitation all
<br />assignment and security Interest provisions relating to the Personal Property and Rents.
<br />Environmental UwS. The Words "Environmental Laws' mean any and all slate, federal and local statutes, regulations and ordinances
<br />relating to the moral Of human fission or the environment, Including without Ilmnelion the Comprehensive Environmental Response,
<br />Compensation, and Liability Act Of Lida as emended, 42 U.SL. Section 5801, at seq. ("CERCLA'), the Super Amendments and
<br />Reauthorization Act of 1986, Pub. L. No 91 ("SARA'), the Hazardous Materials Transportation Add, 49 L.SG. Section 1801, at seq., the
<br />Resource Conmrvanon and Recovery Act, 42 U.S.C. Section far at seq. or other applicable stele or federal laws, rules, Of regulations
<br />adopted pursuant thereto.
<br />Evenl of Demml. The words'Eveu of Detain(, mean any of the events of default set forth In this Deed of Trust in the events of default
<br />sedlon of this Deed of Trust.
<br />Guaranty. The word "Guaranty" means the guaranly from premium, endorser, surety, or accommodation party to Lender, Including without
<br />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 physical,
<br />chemical or Infectious characteristics, may cause or pose a govern) or potential hazard to human health or the encro ment when Impropery
<br />used, treated, stored disposed of, generated manufactured transported Or Otherwise handled The words'Hazerdeus Substances" are
<br />used in their very broadest sense and include without limttehon any and all hazardous or toxic substances, materials or waste as defined by
<br />or listed under the Environmental Laws. The term " Hazardous Sub lances" also NOludes, without lnmiatien, petroleum and petroleum
<br />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 the
<br />Reel Property, facilities, additions, replacements and other construction on the Real Property.
<br />Indebtedness. The word "Indebtedness means all principal, Interest, and Other amounts, costs and expenses payable under the Mole or
<br />Related Documents, together with ell renewals of extensions Of, modifications of, commildetior5 of and sudsRutions for the Note or Related
<br />Documents and any amounts expended or advanced by Lender to drechage Tfustor'a obligations or expenses Incurred by Trustee or
<br />Lender to enforce ToUltu's Obligations Under this Deed of Trust, together with Interest on Such amounts as provided In this Deed of Trust.
<br />Lender. The ward "Lentler" means United Nebraska Bank, its successors and assigns. The words '%uwessors or assigns" mean any
<br />person or company that acquires any Interest in the Note.
<br />thole. The word -Nine' means the promissory note dated July 1, 2002, In the original principal amount of $76,000.00 from
<br />Trustor to Lender, together with all renewals oL extensions of, modifications of renlmordngs Ot consoltdelions of, and subnituams; br the
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