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DEED OF TRUST
<br />Loan i,Jo:'3615807136 (Continued) Page 9
<br />Time is of the Essence. Time is of the essence in the performance of this Deed, of Trust.
<br />Waive., c:t Hojtrestead Exemption. T rester her"y reloase!s acid waives all rights and benefits of the homestead exemption Igws of the
<br />$tote± of hebra0-. as to ell indE+ Sf:,aniybS �,ecuied t,,y th;S Deed of Trust
<br />DEFINMONS. The :Il. r. n, :- :,! ;r :! % % -It -, <ar ^d terns shad have th,:, following meanings when used in this Deed of Trust. Unless
<br />sp ecifsce!iv st,tc tr ::- t:rarl , al. rMte : ;u : :ui to dollar ::mokints :;h a!I mien are :aunts in lawful money of the United States of Arnrtrcrt,
<br />end terms usv-.' : :n ti":, singular rhali ,nciudo, the p) isral• and the. pY rrN: ShP.1'i include the singular, as the context may require. Words
<br />7. ,I o, Trust `i.ill t.ade the r.: ::, . ,,, uutt d to such ternis•in the Uniform Commercial Codo:
<br />t3r�n8ti izry. .r, . :ur,Y ",xc ^n ': isry` ;ite.a :rs V)c'iis Fargo Bank Nraarass a. Naiionai Association. and i'is successors and assi; fns.
<br />rn�,ans _ranado, Inc -, sand all outer persona; and entities signing the Note in whatever capacity.
<br />Dfaed of Trust. The words `Deed of i rust" Mean this Deed of 'Trust among Trustor, Lr.nder, and Trustee, and includes without
<br />1 rrai!atiar; a "! r,st :6dr.rr ;i! ;'t Lind 'acurity ir.tcr[st prpvis;t;n£s relatinl SO the PErsCnet! rroparty and Rents.
<br />Dofa3u!i. Ttw word 'Dr.'.tault' rneam-s The Default set forth in this Dodd of Trust in the section titled "Default
<br />Environunontni Law:+, Thin words, "t nvironrrental Laws* inean tiny and all stutti, . federal and local statutes„ regulations and ordinances
<br />relatinq to the Slr7td'CtiC.rl of her ^.:in tw,, tr, or the environment, incii,dinq without limitation the. Comprehensive Environmental
<br />Re :::,retie. Coml r ;r ;s :ttion. :au;. Li. ^,t iliry Act of 19,90, 0; antcnded. 112 U.S.C- Section: 9601. at seq. ("CERCLA "), thin Superfund
<br />lmendmQnt s anu Fie clothoruxut!oo A,:, of 19186, fain. L . No- 99 -499 i "SARA "l, the i•fazardous Materials Transportation Act, 49 U.S.C.
<br />sent of) `tio1, .., ....',1., thc: itAnur'e Cctnservatioil ar, d Recovery Act, 42 U,S.C, Sc,--,ion 5901. cl, seq., or other applicable state or
<br />fedearal lay.s, rules, lr rr,itulatinra; adtpptod p;arsuant therfao.
<br />E:vvant of Default. The ::ores "Evora a >f Default' mean any of ton evcnis of default set forth in this Deed of Trust in the events of
<br />do cult st ctior; of this Deed ca Trust.
<br />Guarantor. Thta .4i :•rd " Guarantor" ;geniis any guarantor, surety, or accommodation party of any or all of the Indebtedness.
<br />Guaranty. The ::e;d "Guaranty" rrcuns the guaranty from Trusts: to Lender, including without limitation a guaranty of all or part of
<br />the Note.
<br />Hazardous Substances. Tt,(! wcr,1r, --H: zardous Substances" imfaan rn &tenals that, because of their quantity, concentration or
<br />physical, chumic,al or infectious ch,aracterisncs• may cause or pose a present or potential hazard to human health or the environment
<br />v :lien irnpmr-torly us e, treated, stor;d, disposed of. generated, manufactured, transported or otherwise handled, The words
<br />'HaZardOUS Substances' are used in their very broadest sense and include without limitation any and all hazardous or toxic
<br />substances, :raw ials or vwasto as d!ifinoad by or listed under the Environmental Laws. The term 'Hazardous Substan: : ;' dlso
<br />includes, without limitatiun, petroleurri and petroleum by- products or any fraction thereof and asbestos.
<br />7mprovementc. The v:ord "irnprovem,2nts' means all existing and future improvements, buildings, structures, mobile homes affixed on
<br />the Fleal Property, tacilitres, additions: replacemen's tend other construction on the Real Property.
<br />indebtedness. The :•.ord "Indebtedness" means all obligations of Trustor under the Guaranty, together with rall.renewals of,
<br />extensions of, modifications of, consolidations of and substitutions for the obligations under the Guaranty and any amounts expended
<br />or advanced by Lender to discharge irc,st.or'c obigtaiions or expenses incurred by Trustee or Lender to enforce Trustor'a obligations
<br />under this Co-ed o; 'rrt•ust, together wi!h interest on si -ch ar tour,t; as pmvided in this Deed of Trust.
<br />Lender. -1 -he :vord "Lender" means " eke F ;iri,o Bank, Nck,Oask.ia, National Assoclatipr,, its successors and assigns.
<br />Nate. The word "Note" means the promr5tiory note dated May 15, 2002, in the original principal amount of $440,000.00
<br />from Borro!,.c, to Lander, together v, -ith all reriewa!s of, axtemsions (it, rnodifications of, refinancings nf, consolidations of, aiid
<br />substitutions for the promissory note or agrefument.
<br />Personal Property. The words "Personaai. Property' mean all equipment, fixtures, and other artiolas of personal properiy now or
<br />hereafter owned by Trustor, and no:v or hereafter attached or affixed to the Real Property; together with all accessions, parts, and
<br />additions to, ell rep!acements of, and all sutzstitu *.ions for, any of such property; and together with all proceeds linclucding without
<br />lirniz ation a!I insurautce. proceeds and rt.sfunids of premiums! from any sa!e or other disposition of the Property.
<br />Property. The word "Property" means collectively the Seal Properni and the Personal Property.
<br />Real Property. The words "Heal Property" mean the real property, interests and rights, as further described in this Deed of Trust.
<br />Related Documents. 1 he 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 docu ;tents, v:hether now or hereafter existing, executed in connection, with the Indebtedness.
<br />Rants. Tate v „ord "dents” rneans alt present and future rents, revenues, income, issues, royalties, profits, and other benefits derived
<br />trrrn the properly,
<br />Trustee. The wore "'t ,'U :'r k" ;r,, -Fans Wells Fargo Bank Nebraska, N.A., whose address is 1919 Douglas Street, Omaha, NE 6F102
<br />tan:.' any sutstrtute _austees.
<br />Trustor. The word "Trustor" moans James Scott Zarin, Trustee.
<br />TRUSTOR ACKNOYJLcDGES HAVING READ ALL THE PROVISIONS OF THIS DEED OF TRUST, AND TRUSTOR AGREES TO ITS TERMS.
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