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Loan No: 872057593
<br />DEED OF TRUST
<br />(Continued) Page 6
<br />Event of Defauk. 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 />Hazardous Substances. Tha 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 vary broadest sense 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, facili#ies, 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
<br />Credit Agreement or Related Documents, together with all renewals of, extensions of, modifications of, consolidations of and
<br />substitutions for the Credit Agreement or Related Documents and any amounts expended or advanced by Lender tp discharge
<br />Trustvr's obligations or expenses incurred by Trustee or Lender to enforce Trustor's obligations under this Daed of Trust, together
<br />with interest on such amounts as provided in this Deed of Trust.
<br />Lender. The word "Lender" means Equitable Bank, its successors and assigns. The words "successors or assigns" mean any person
<br />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
<br />hereafter owned by Truster, 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 />limitation all insurance proceeds and refunds of premiums) from any sale or other disposition 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 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 other benefits derived
<br />from the Property.
<br />Trustee. The word "Trustee" means Equitable Bank (Grand Island Region), whose address is 113-115 N Locust St; PO Box 160,
<br />Grand Island, NE 68802-0160 and any substitute or successor trustees.
<br />Trustor. The word "Trustor" means GARY L. PEDERSEN and BARBARA J. PEDERSEN.
<br />EACW TRUSTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS DEED OF TRUST, AND EACH TRUSTOR AGREES TO
<br />ITS TERMS.
<br />TRUSTOR:
<br />X ~ ~~ - _
<br />GARY L. PEDERS
<br />BARBARA J. PEDERSE
<br />INDIVIDUAL ACKNOWLEDGMENT
<br />STATE OP 1
<br />1 SS
<br />COUNTY OF 1
<br />On this day before me, the undersigned Notary Public, personally appeared GARY L. PEDERSEN and BARBARA J. PEDERSEN, Husband
<br />and Wife, to me known to be the individuals described in and who executed the Deed of Trust, and acknowledged that they signed the
<br />Deed of Trust as their free and voluntary act andr ~deed for the uses and purpo therein me tinned. r
<br />Given under my hand and official seal this ~ )r~ _ day of
<br />GENERAL NpTARY State of Na rb asks
<br />SHERRI L. D'CALLE-G,HAN
<br />My comm. Exp. Sept 2e, 2D1 ~
<br />By i ~.cr-~
<br />Notary Public i sand for the 5ta
<br />Residing at
<br />My commission expires ~ ~-
<br />2oo9os5~4
<br />• ~ ` ~ ' ! +f
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