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�oloos36s
<br />D�ED OF TRUST
<br />�Contin�ued)
<br />Page 7
<br />have ta gst l.ender"s consent agaln if tf7e situation happens again. Trustor furthe� understands lhat Just because Lander consents to
<br />ane or more of Trustors requeata, that do�s not me�n Lender wili be required ta consent fn any of Trustor's futur� requasts. Trustar
<br />waives pre&entment, demand for payment, pro�st, and notioe af dlshonor.
<br />5everability, If a ccurt flnds that any pro�ision af t�is peed af Trust �s not valld ar should not ba enforced, that fact by itself will nnt
<br />maan that the rest of fhis peed of 7rust wit! not be v��id or enforced. Therefore, a cour! will �nforce the rest of th� prnvisions o€ ihis
<br />aeed af Trust even if a provision vf this peed af 1'rust may be found to be invaifd ar uneMorceabl�.
<br />Successors and Assigns. Subject to any Nmltations stated In this Deed pf Trust on trranafer pF T'rustvYs irrterest, this qaed of 'Crust
<br />shall he binding uppn and inuee ta the beneflt of the parties, their succ:es�or� atrd assi�ns. 1# ownership caf the Prnperfy becomes
<br />ves6ed In a persan other than 7rustor, Lendar, without natice to Trustor, may deal with 71'ustor's Successors with refsrence to this
<br />Cleed at Trust and the lr�debtedness by way of forb���ance or exter�lan wfthaut releasing 7'rustor frnm the obligations af this C7eed of
<br />Trust or liabilily under the Inda�dn�ss.
<br />Time is of tha �sse»ce, Time is of tha essence in the performance of fhis L7eed of Trelat
<br />Wafver oF Homestead Exemption. Trustar hereby releases and waives all rights and ber�efits nf the hamestead exemption laws af the
<br />5t�te of Nehraska as to all indebtedness secured hy thls De�d of Trust.
<br />DEFlN1TIQNS. Ths follawing words ahall hava the follawfng meanlnqs wt�en used in lhts Deed of Trust:
<br />Bepef{ciary. The ward "Beneficiary" means BAP1K �F 7H� W�5T, and its sucoessors and assigns.
<br />Borrawer. 7he worcf "8orrower" means MARTIN AFtELLA1V0 and MARG/AFiITA ARELLANO and includes all cv-signers and co-makers
<br />signing the Note and all thelr successors and assigns.
<br />peed af Trust. The wards "Desd af Trust" mean th�s Dead of Truat ampng 1'rustar, l.ender, and Trusbee, and includes wfth�t
<br />flmitatian al! assignment and s�curity interest provisipns re�{�ting to the persnnal Propsrty and R�nt�.
<br />�nvironrnar�#al Laws. The wards "Environment�l Laws" mean any and a!i state, federal and Iocaf statutes, regulatlons and ordinances
<br />relating to the protection of human hsalth ar tl�e environment, including without limitatian fhe Comprehensive �nvironrr�ntal
<br />ResponsEa, Cqmpansat€an, and Llabil�ty Act aT 998D, as amended, 42 U.S.C. SaGtlpn 9601, et seq. ("C�RCLA"), the SuparFund
<br />Amendmertts and Reauthorizafio� Act of 1986, Pub. L. No. 99-499 ("SARA"), the Hazarrlaug Ma'teriafs Transportatian Act, 49 U.S.C.
<br />Se�ctinrt 18D9, �t seq„ th� Resnurce Conservatlon and Recovery A,ct, 4� U,S.C, Secfion 6901, et s�q., ar ather a{�licable state ar
<br />federal I�ws, rules, or regulatfnns �doptEd pursuant thereto.
<br />Event nf 17afautE, The war�ds "E�errt af Qefault" mean any ofi the eventa of def�ult sot forth In this peed of Trust in the even#a of
<br />defauft saction of this Deed of Trust.
<br />Guaranty. The word "Guararityl" mean� the quaran#y from guarantar, endorasr, surety, or accommadatlon party #o Lender, inciuding
<br />wif[haut limitatian a guarartty af all or part af tha Note.
<br />Hazardaus Subatanoes. The words "Haxardous Substano�s" mean matBrials th�t, pecause o� their quantity, canc�entratian or
<br />ptlysical, oh�mical or Enfectious c�►aracteristics, mey cause or ppse a pr�sant or poterrt€al hazard to human heaRh �r tha etrvironment
<br />when improperly used, treated, �tor�d, dl�posed �f, generated, manufactured, trartspprEed or otherwlse handled. The wards
<br />"Ha�ardous Suk�star�ces" are used in thair very broadest sense and indud� withaut fimitation any and al! hazardous ar toxic
<br />subsiant�s, rnaterlais ar waste as defined by or listed under the Environmental Laws. The term "liaaardou� Subshances" also
<br />includas, w)thout Ilmittitinn, pelroieum and peb'olsum by-pr'aducts nr any ftaction thereof and esbestos.
<br />Imprnvemetrts. 1"he word "improvementa" m�ana ell axisting and future imprt�vementa, bulldings, structures, mobil�a hames affixed on
<br />the Raal Pro�erty, Facilibes, additions, repla�ments and other canstructlon on the Reai Property.
<br />IndebEednaas. The ward "Indebtedness" means all princ�pal, insenest, and oth�r amourrts, costs and expenses payabfe under the Nate
<br />or Fie{ated bocumerrts, together with all nenewals of, eutensions of, modific�tior�s of, cpnsalidatfons ryf and substitutiotts far the Mote
<br />ar Ralated Documents and any amaunts axpend�d or advanced by Lender to discharge 7rttstar's obligatians ar expenses incurred I�y
<br />Trustee or Lender to anforoa Trustors abligations under this Deea of Trust, tog�ftoer with interest on such amounts as provid�d in this
<br />C?esd of 7rust.
<br />Lender. The word "Lender" means BANK �F 7HE W,EST, its successnrs gnd assigns. The words "sucGessors or assigns" rr�an any
<br />persan or company that acquires any interest in the fVota.
<br />Nt�ta. The word "Nqte" means the promia�ory not� dated Qq6ober 29, 2010, �11 th@ Of1� principal 8I]'1DUttti �#
<br />$�4, Qp from Trustor to �er�er, together with all renewals of, extensions of, madi�catinns af,. reFinancings ot, consolidations
<br />of, and substitutions far the promissary note or a�reement. �'he ma#urity date aF this peed aF Trust ia Movember 1, 2Q20.
<br />Personal Property. The wards "Parsonal Property" mean ail aquipment, iixtures, and other articl�� ot person�l property now ar
<br />hereafter owned by 'frustvr, and now ar hersaftar �ttached or affixed to tha Rea! Prope+ty; tagather with sl! acoess�ons, parts, and
<br />additions ta, all repEacaments af, and afl substitutions for, arry af such property; and togathc�r wlth ali praceeds (inctuding withaut
<br />timitation all tnsuranca prnceeda and refunds of pr�miums) from arry sale or ather dispcsiElon of the Property.
<br />Property. 'The word "Property" means coNectively ihe R�al Property and the Perspnal Property.
<br />Real Praperty. The word� "Real Property" mean the real progerty, interests and rights, as furth�r described in thi� beed of T'rust.
<br />Rolated Dncuments. 7he words "Related Documents" mesn al[ promissory nqtes, cr�edit agreements, loan agreem�nts, environmental
<br />agraements, guar�nties, seourity agreements, tnortgages, deeds af trust, security deads, cofl&teral mortgages, and a€I other
<br />instruments, a�reemerrts and documer►ts, whether now or hereeTter existing, exeouted in oannection with the Inde�tedness.
<br />Rer�ts. The word "Rents" means all pre�errt and Futur�e rents, revenues, income, issues, royattias, prof)ts, �nd other beneflts derived
<br />#rom th� Property.
<br />Tru�tg�. The word 'Trustee" means E3ANK OF THE WE$T, whose address is '145D 7REA7 BLVA, WAI.NUT CREEK, CA 9�4597 and
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