|
°E�o �� d TRUST
<br />200210626 Page
<br />Truster also understands that ff Leader does consent to a request, that does not mean that Trustor will not have to get Lenders consent
<br />again if the situation happens again. Trustor further understands Nat just because Lender consents to one or more of Trustor's requests,
<br />net does not mean Lender will be required to consent to any at Trustor's future requests. Truster waives presentment, demand for payment,
<br />protest, and notice of dishonor.
<br />Severabllity. If a court finds that any provision of this Deed of Trust is not valid or should not be enforced, that fact by itself will not mean
<br />Nat the rest of this Dead of Trust will not be valid or enforced. Therefore, a coon will enforce the rest of the provisions of this Dead of Trust
<br />even if a provision of this Dead of Trust may be found to be invalid or unenforceable.
<br />Successors and Assigns. Subject to any limitations stated in this Dead of Trust on transfer of Trustor's interest, Nis Deed of Trust shall 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 Truster, Lender, without notice to Trustor, may deal with Trustors successors with reference to this Deed of Trust and the
<br />Indebtedness by way of forbearance or extension without releasing Truster from the obligations of this Dead of Trust or liability under the
<br />Indebtedness.
<br />Time is of the Essence. Time is of the essence in the performance of this Deed of Trust.
<br />Wall of Homestead Exemption. Truster hereby releases and waives all rights and benefits of Me homestead exemption laws of the State
<br />of Nebraska as to all Indebtedness secured by this Deed of Trust.
<br />DEFINITIONS. The following words shall have the following meanings when used in this Deed of Trust:
<br />Beneficiary. The word "Beneficiary' means State Farm Bank, F.S.B., and its successors and assigns.
<br />Borrow ". The word "Borrower' means DANNY R BOLTZ and JUDY K BOLTZ, and all other persons and ermines signing the Credit
<br />Agreement,
<br />Credit Aggreement. The words "Credit Agreement" mean the credit agreement dated September 21, 2002, with credit limit of
<br />$7,500.00 from Trustor to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidators of, and
<br />substitutions for me promissory note or agreement. The maturity dale of this Dead of Trust is September 21, 2009.
<br />Dead of Trust. The words "Dead of Trust" mean this Deed of Trust among Trustor, Lender, and Trustee, and includes without limitation all
<br />assignment and security interest provisions relating to the Personal Property and Rents.
<br />Environmental Laws. The words "Environmental Laws" mean any and all state, federal and local statutes, regulations and ordinances
<br />relating to the protection of human health or the environment, including without limitation the Comprehensive Environmental Response,
<br />Compensation, and Liability Act of 1980, as amentled, 42 U.S.C. Section 9801, at seq. ( "CERCIA "), the Superfund Amendments and
<br />Reauthorization Act of 1986, Pub. L. No. 95499 ( "SARA "), the Hazardous Materials Transportation Ad, 49 U.S.C. Section 1801, at seq., the
<br />Resource Conservation and Recovery Act, 42 U.S.C. Section 6901, at seq., or other applicable state or federal laws, rules, or regulations
<br />adopted pursuant thereto.
<br />Event of Default. The wortls "Event of Default" mean any of the events of default set forth in this Deed of Trust in the events of default
<br />section of this Deed of Trust.
<br />Existing Indebtedness. The words "Existing Indebtedness" mean the indebtedness described in the Existing Liens provision of this Deed of
<br />Trust.
<br />Hazardous Substances. The words 'Hazardous Substances" mean materials that, because of their quantity, concentration or physical,
<br />chemical or infectious characteristcs, may cause or pose a present or potential hazard to human health or the environment when improperly
<br />used, treated, stores tlisposetl of, generated, manufactured, transported or otherwise handled, The words "Hazardous Substances" are
<br />used in their very broadest sense and include without limitation any and all hazardous or toxic substances, materials or waste as defined by
<br />or listed under the Environmental Laws. The term 'Hazardous Substances' also includes, without limitation, petroleum and petroleum
<br />by- products or any fraction thereof and asbestos.
<br />Improvements. The wood "Improvements" means all existing and future improvements, buildings, structures, mobilo homes affixed on the
<br />Real 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 Credit
<br />Agreement or Related Documents, together with all renewals of, extensions of, modifications of, consolidations of and substitutions for the
<br />Credit Agreement or Related Documents and any amounts expended or advanced by Lender to discharge Trustor's obligations or expenses
<br />incurred by Trustee or Lender to enforce Trustor's obligations under this Dead of Trust, together with interest on such amounts as provided
<br />in this Dead of Trust.
<br />Leader. The word "Under' means State Farm Bank, F.S.B., its successors and assigns. The words 'successors or assigns' mean any
<br />person or company that acquires any interest in the Credit Agreement.
<br />Personal Property. The words 'Personal Property" mean all equipment, fixtures, and other articles of personal property now or hereafter
<br />owned by Trustor, and now or hereafter attached or affixed to the Real Property; together with all accessions, parts, and additions to, all
<br />replacements of, and all substitutions for, any of such property; and together with all proceeds (including without limitation all insurance
<br />proceeds and refunds of premiums) from any sale or other disposer of the Property.
<br />Property. The word "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 wards '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 instruments,
<br />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 other benefits deal from the
<br />Property.
<br />
|