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<br />
<br />DEED OF TRUST
<br />(Continued)
<br />
<br />200804805
<br />
<br />Page 6
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<br />Words and tefms used in the singulaf shall include the plural, and the plural shall include the singulaf, as the context may fequife. Words
<br />and tefms not othefwise defined in this Deed of Trust shall have the meanings attributed to such tefms in the Unifofm Commercial Code:
<br />
<br />Beneficiary. The word "Beneficiary" means Platte Valley State Bank & TfUSt Company, and its successors and assigns.
<br />
<br />Borrower. The word "Borrower" means Joseph M. Brown and Lori J. Bfown and includes all co-signers and co-makers signing the
<br />Note and all their successors and assigns.
<br />
<br />Deed of Trust. The words "Deed of Trust" mean this Deed of Trust among Tfustor, Lender, and Trustee, and includes without
<br />limitation all assignment and security interest provisions felating to the Pefsonal Property and Rents.
<br />
<br />Default. The word "Default" means the Default set forth in this Deed of Trust in the section titled "Default".
<br />
<br />Environmental Laws. The wOfds "Environmental Laws" mean any and all state, federal and local statutes, regulations and ordinances
<br />relating to the protection of human health Of the environment including without limitation the Comprehensive Envifonmental
<br />Response, Compensation, and Liability Act of 1980, as amended, 42 U.S.C. Section 9601, et seq. ("CERCLA"), the Superfund
<br />Amendments and Reauthofization Act of 1986, Pub. L. No. 99-499 ("SARA"), the Hazardous Materials Transpoftation Act, 49 U.S.C.
<br />Section 1801, et seq" the Resource Conservation and Recovery Act, 42 U.S.C. Section 6901, et seq., or other applicable state or
<br />federal laws, rules, or regulations adopted pUfsuant thefeto.
<br />
<br />Event of Default. The wOfds "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 TfUSt. -
<br />
<br />Guaranty. The word "Guaranty" means the guafanty ffom guarantor, endorser, sUfety, Of accommodation party to Lendef, including
<br />without limitation a guafanty of all or paft of the Note.
<br />
<br />Hazardous Substances. The wOfds "Hazardous Substances" mean matefials that, because of their quantity, concentfation or
<br />physical, chemical or infectious charactefistics, may cause Of pose a present or potential hazafd to human health Of the environment
<br />when improperly used, treated, stored, disposed of, generated, manufactufed, transported Of otherwise handled. The words
<br />"Hazardous Substances" afe used in their very broadest sense and include without limitation any and all hazardous or toxic
<br />substances, matefials Of 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 />
<br />Improvements. The word "Improvements" means all existing and future improvements, buildings, stfuctures, mobile homes affixed on
<br />the Real Pfoperty, facilities, additions, replacements and other construction on the Real Pfopefty.
<br />
<br />Indebtedness. The wOfd "Indebtedness" means all pfincipal, intefest and other amounts, costs and expenses payable under the Note
<br />or Related Documents, together with all fenewals 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 Trustor's obligations or expenses incurred by
<br />Tfustee Of Lender to enforce Trustor's obligations under this Deed of Trust, together with interest on such amounts as provided in this
<br />Deed of Trust. Specifically, without limitation, Indebtedness includes the futufe advances set forth in the Future Advances provision
<br />of this Deed of Trust, together with all intefest thereon.
<br />
<br />Lender. The word "Lendef" means Platte Valley State Bank & Trust Company, its successors and assigns.
<br />
<br />Note. The word "Note" means the promissory note dated May 30,2008, in the original principal amount of $31.750.00
<br />from TrUStOf to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, and
<br />substitutions fOf the pfomissory note Of agreement.
<br />
<br />Personal Property. The words "Personal Pfopefty" mean all equipment, fixtures, and othef afticles of personal property now or
<br />hereafter owned by Trustor, and now or hefeafter attached or affixed to the Real Property; together with all accessions, pafts, and
<br />additions to, all feplacements of, and all substitutions for, any of such property; and together with all pfoceeds (including without
<br />limitation all insufance proceeds and refunds of premiums) from any sale or other disposition of the Pfopefty.
<br />
<br />Property. The word "Property" means collectively the Real Property and the Personal Pfopefty.
<br />
<br />Real Property. The words "Real Property" mean the real pfoperty, interests and rights, as further described in this Deed of TfUSt.
<br />
<br />Releted Documents. The words "Related Documents" mean all promissory notes, cfedit agreements, loan agreements, environmental
<br />agreements, guafanties, secufity agreements, mortgages, deeds of trust, security deeds, collateral mOftgages, and all other
<br />instfuments, agreements and documents, whether now Of hereafter existing, executed in connection with the Indebtedness.
<br />
<br />Rents. The word "Rents" means all pfesent and futufe fents, fevenues, income, issues, royalties, profits, and other benefits derived
<br />ffom the Property.
<br />
<br />Trustee. The word "Tfustee" means Platte Valley State Bank & Trust Company, whose address is 810 Allen Dr, Grand Island, NE
<br />68801 and any substitute or succeSSOf trustees.
<br />
<br />Trustor. The word "TrustOf" means Joseph M. Bfown and Lori J. Brown.
<br />
<br />EACH TRUSTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS DEED OF TRUST, AND EACH TRUSTOR AGREES TO
<br />ITS TERMS.
<br />
<br />TRUSTOR:
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