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Loan No: 1 0 7 235346
<br />DEED OF TRUST 2 0i Q Q''�'"� 5 4
<br />(Continued) page 7
<br />Choice of Venue. If there is a lawsuit, Trustor agrees upon Lender's request to submit to the jurisdiction of the courts of Hall County,
<br />5tate of Nebraska.
<br />Joint and Saveral Liability. All obligations of Trustor under this Deed of Trust shall be joint and several, and all references to Trustor
<br />shall mean each and every Trustor. This means that each Trustor signing belqw is rasponsible for all obligations in this Deed of Trust.
<br />No Waiver by Lender. Trustor understands Lender will not give up any of Lender's rights under this Deed of Trust unless Lender does
<br />so in writing. The fact that Lender delays or omits to exercise any right will not mean that Lender has given up that right. If Lender
<br />does agree in writing to give up one of Lender's rights, that does not mean Trustor will not have to comply with the other provisions
<br />of this Deed of Trust. Trustor also understands that if Lender does consent to a request, that dpes not mean that Trustor will npt
<br />have to get Lender's consent agein if the situation happens again. Trustqr further understands that just 6ecause Lender consents to
<br />one or more of Trustor's requests, that does not mean Lender will be required to consent to any ot Trustor's future requests. Trustor
<br />waives preSentment, demand for payment, protest, and notice of dishonor.
<br />Severabilky. 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
<br />mean that the rest of this Deed of Trust will not be valid or enforced. Therefore, a court will enforce the rest of the provisions of this
<br />Deed of Trust even if a provision of this Deed of Trust may be found to be invalid or unenforceable.
<br />Successprs and Assigns. Subject to any limitations stated in this Deed of 7rust on transfer of Trustor's interest, this peed of Trust
<br />shall be binding upon and inure to the benefit of the parties, their successors and assigns. If ownership of the Property becomes
<br />vested in a person other than Trustor, Lender, without notice to Trustor, may deal with Trustor's successors with reference to this
<br />Deed of Trust and the Indebtedness by way of forbearance or extension without releasing Trustor from the pbligations of this Dead of
<br />Trust or liability under the Indebtedness.
<br />Tima is of the Essence. Time is of the essence in the performance of this Deed of Trust.
<br />W�iver qf Homestead Exemption. Trustor hereby releases and waives all rights and benefits of the homestead exemption laws of the
<br />State of Ne6raska as to ail Indebtedness secured by this Peed of Trust.
<br />DEFINITIONS. The following words shail have the following meanings when used in this Deed of Trust:
<br />Beneficiary. The word "Beneficiary" means Five Points 8ank, and its successors and assigns.
<br />Barrower. The wprd "8orrower" means RONNIE D MILLER and ROWENA F MILLER and includes all co-signers and co-makers signing
<br />the Note and all their successors and assigns.
<br />Deed of Trust. The words "Deed of Trust" mean this Deed of Trust among Trustor, Lender, and Trustee, and includes without
<br />limitation all assignment and security inter9st provisions rel9ting to the Perspnal Property and Rants.
<br />Environmental Laws. The words "Environmental Laws" mean any and all state, federal and Iocal statutes, regulations and ordinances
<br />relating to the protection of human health or the environment, including without limitation the Comprehensive Environmental
<br />Response, Compensation, and Liability Act af 19$p, as amended, 42 U.S.C. Section 9601, et seq. ("CERCLA"►, the Superfund
<br />Amendments and Reauthorization Act of 1986, Pub. L. No. 99-499 ("SARA"►, the Hazardous Materials Transportation Act, 49 U.S.C.
<br />Section 1801, et seq., the Resource Conservation and Recovery Act, 42 U.S.C. 5ection 6901, et seq., or other applicable state or
<br />federal laws, rules, or regulations adopted pursuant thereto.
<br />Event of Default. The words "Event of DefaulY' 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 7rust.
<br />Existing Indabtedness. The words "Existing Indebtedness" mean the indebtedness described in the Existing Liens provision of this
<br />Deed of Trust.
<br />Hazardous Substances. The words "Hazardous Substances" mean materials that, because of their quantity, concentration or
<br />physical, chemical or infectipus characteristics, may cause or ppse a presant or potential hazard to human health or the envirpnment
<br />when improperly used, treated, stored, disposed of, generated, manufactured, transported or otherwise handled. The words
<br />"Hazardous Substances" are used in their very broadest sense and include without limit8tian any and all hazardous or toxic
<br />substances, matarials or waste as defined by or listed under the Environmental Laws. The term "Hazardous Substances" also
<br />includes, wiihout limitation, petroleum and petroleum by-products or any fraction thereof and asbestos.
<br />Improvements. The word "Improvemants" means all sxisting and future improvements, buildings, structures, mobile homes affixed on
<br />the Real Property, facilities, additions, repiacements 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 Note
<br />or Related Documents, together with all renewals of, extensions of, modifications of, consolidations ot 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 />Trustee or Lender to enforce Trustor's obligations under this Deed of 7rust, together with interest on such amounts as provided in this
<br />Deed of 1'rust.
<br />Lender. The word "Lender" means Five Points Bank, its successors and assigns. 7he words "successors or assigns" mean any
<br />person or company that acquires any interest in the NotB.
<br />Note. The word "Note" means the promissory npte dated Qctpber 14, 2010 in the original principal amount af $5,205.50
<br />from Trustor to Lender, together with all renewals of, extensions af, mpdificativns of, refinancings of, consolidatipns of, and
<br />substitutions for the promissory note or agreement. The maturity date of this Deed of Trust is October 15, 2015.
<br />Personal Proper#y. The words "Personal Property" mean all equipm�nt, fixtures, and other articles of personal property now or
<br />hereafter owned 6y Trustor, and now or hereafter attached or atfixed 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 />limitatipn all insurance proceeds and refunds of premiums) from any sale or other dispnsition of the Property.
<br />Property. The word "Praperty" means collectively the Rsal Property and tha Personal Property.
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