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201100137
<br />DEED OF TRUST
<br />(Continued) �
<br />Page 7`
<br />5everahility. If a oourt �nds �at any pravisfon of this C7eed af Trust is nat v�i�d or ahould nat be erilorced, that fact by itsetf will nnt
<br />mean that the rest of this Deed of Trust will not be valtd vr enforr�ed. 1"hsrefore, a caurt wilf ertfarce the rest of the provisions of this
<br />17eed aF 7rust even if a pr�ovlsion of this �eed vf Trust may ba fo�nd to be invatid ar unenTorceable.
<br />Sucoessors and Assigr�, Subject to arry [imitations stated ln thks Deed of 7rust on transfer af Tnastor's interest, this• Deed af Trust
<br />shall be binding upon and inure to ther bertetit of the parties, ttreir succeasors and assigns. If ownersh€p af the Prnperly I�eoames
<br />vested in a person other than Trustor, Lender, without notice ta Truator, may deal with Trusto�s successors with reference to this
<br />beed of Trust and the Ind�ted�• by way of forbearanoe or exfensian without releasing Trustor from the ot�liga#ions of this [7ear1 af
<br />Trust ar liability under the Indebtedness.
<br />Time is of the Esaancs. Time Is of the essenae ln the perFcrrnance of this Deed ofi Trust.
<br />Waiv�r of Homastead F�cemption. Truslar hereby releases �nd waives alf rights and benePits af the homesbead exemptlon laws af the
<br />State of Nebraska as to al! Indet�tedness securad by this Deed of Trust.
<br />D��INITIONS. 1"he foliowing wcrds s�tafl have the fpllowing meaninps when used in this Deed of Trust: �
<br />Ber�eftntary. 7he ward'1�eneficiary" means BANK��F 7HE WEST, and its successars and assigns.
<br />Borrow�r. The wnrd "Borrower" mearis RpY A pEI..�ON and includes aEl casigr�ers and co-rrtakars signing the Note and aA #heir
<br />successors and assigns.
<br />Deed af 7rust. The words "Deed of Trust" mean this Deed of Trust among Trustar, l.encler, and Trustee, and iricludss without
<br />limitatian all assignmer�t and security lrrtsrest provlslons relating to the Personal Pr�perty and Rer�ts.
<br />Envtronmen�tal Laws. The words "�nvironmer�tal Laws" mean any and aA state, faderel and Ivcal statutes, regulatians and ardinances
<br />retating ta the protectfnn of human health or the emrironment, lnr�uding without Ilmltation the Gumprehensive Environmantai
<br />Response, Compensation, and Liadlllty Act pF 1960, as amended, 42 U.S.C. SecFion 96p1, et seq, ("CERCIA"}, the Superfund
<br />Amer►dments and Reauthori�atinn Aot of 188�, Pub. L. No. 99-499 ("SARA"), the Mazardous Materials Trar�sportatian Act, 49 U.S.C.
<br />Sectlon 18d1, et seq., the Resaurce Conservatlon and Recnvery Act, 42 U.S.C. Sectinn B901, et seq., or other applicabte state or
<br />tederal faws, rules, or regulations ad�pted pursuant there�.
<br />Event nP Default. 7he•wards "Evant af Dafault" mean any vf the evehts of dsfautt set farth in this Deed pf Trust (n the events af
<br />default section of this Deed of Trust.
<br />Guaranty. The word "Guarant}I" means the guaranty from guarantor, endorsar, surety, or accorr►modat6pn party ta Lender, includinp
<br />without limitation a guaranty of all ar part of the Note.
<br />lia7tard�us Substances. The wards "Hazardous Substances" mean materials that, because of their quantity, cancc�nfratinn ar
<br />physlcaE, chemicai ar infet�i0u8 Cfiaracte�tatic�, may cause pr ppse a preserrt pr potentlal hazard to human health or the environmarrt
<br />when Emprnperly used, treated, stored, d�pdsed vf, gen�rat�rl, manufa�ctured, transported ar otherwise handled. The words
<br />"hlezarclous Substartoes" are used fn thelr very broadest sense and induda wi�out Ilmitatian a►ry and all hazardaus or toxic
<br />substances, maferlats nr waste as defined by ar Ilsted under the Ertivirnr�mantal Laws. Tha term "Ha�rdous Substances" also
<br />includes, without iimitatian, �giroleum and petroleum by-product� pr ar+y fraction thereaf and asbes6os.
<br />Improvements. The word "lmprovem�nts" means all existin� and future Im�rovements, bufidings, structures, moblle homes efFixed an
<br />the Real Properly, tacilitles, additians, rep{aceme�ts and other oonatruotlnn on the Real 1'roperty.
<br />{ndebtedness. The word "Indebtedn�ss" means a�l princip&I, interest, and other amounts, costs and �xpeh&es payable ur�d�r the Note
<br />or Relatad Documents, t�gether w{th af� renawals nf, extensions af, mocfificatlnns at, consalidatlons af and substitutions for the Note
<br />or Related [Mcuments and any amounts axpended or advanced by Lender to discharge Trustar's ohliga�ons or expenses incurred by
<br />Trustee qr Lender to eriforce't'rusta's obligations undar this Deed af 7rust, tagether with irrterest on such amaunts �s provided in this
<br />Dee� of Trust. '
<br />l.ender. The ward "Lender" mear�s BANK OF TH� W�ST, Ets su6cessors and assigns. The wprds "suoc�essors or assigns" r��an arry
<br />person or oompany that ac;qu�res any interest tn the Note. •
<br />nrace. rne word NNvte~ means tne promissory nota d�ted Dec�ember �s, xo�o, in the ortginal principai arr�ount of
<br />$16,OD0.00 from Trustar to Lender, together with all renewats of, etttenslons of, modificatbris of, reflnancings of, cansolidations
<br />of, and subs�tutions far the promissory note ar a�reemerit. The maturity ttate aF thls Deed of Trust Is January fi, 2D9 5.
<br />Parsor►a! Proparqr. The wvrds "Personal Property" mean al! equiprnent, fi�unes, and other a�ticles of psrsonal property naw or
<br />hereafter owned by TrusFor, and now or hereafter attached, or affixed to the Rsal Property; together with alf accessinns, patts, and
<br />additlans ta, all replacemerrts of, and all subsUtutians for, arry af such property; and together with alf prooeeds (inciuding without
<br />Amitation al! insurance proce�ads and refunds of premlums) from any sale or �her dispasitlon of the Praperty.
<br />Property. The ward °Property" means colledively the Real Properly and the Personal Praperty.
<br />Raal Prppetty. The words "Real Property" mesn the real pr�rparty, lriterests and rights, as further descxibed fn this Deed of TrusC.
<br />RelateQ DocumerKs. The words "Related pocumerrts" mean a!I promissory notes, nredit agraemerits, Iaan ag�ements, environmental
<br />agreemeMs, guaranties, security agreemer�Is, morfgages, deeds cf trust, security deeds, colt�taral mortgages, and all other
<br />(nstruments, agreements and documents, whether naw or hereafter earisting, ex�cuted in connedian with fhe Indebtedness.
<br />RaMs. The word "Rents" means all preserrt and future rents, re�enues, incorne, issues, rayalties, protits, and �ther benefits derived
<br />from the Properry. ,
<br />Trustee. The woM'Trustes" means BANK OF THE WEST, whose address is 9�50 TREAT BLW, WAt,.NUI` CRE�K, CA 84597 and
<br />ar'�y suballtute or successor trusiees.
<br />Trustor. 7he word 'Trustor'" means ROY A DELEQtd.
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