|
DEED OF TRUST
<br />(Continued) 2 0 3.10 4 7 7 Q Page 6
<br />State of Nebraska as to all Indebtedness secured by this Deed of Trust.
<br />DEFINITIONS. The following words shall have the following meantngs when used in this Desd of Trust:
<br />Beneficiary. The word "Beneflciary" means Platte Valley State Bank & Trust Company, and its suc�essors and assigns.
<br />Borrower. The.word "Borrower" means Norman D. Saale and Phyllis B, Saale and includes all co-signers and camakers signing the
<br />Note and all their successors and assigns.
<br />Deed of Trust. The words "Deed of TrusY' mean th(s Deed of Trust among Trustor, Lender, and Trustee, and includes without
<br />limitation all assignment and secu�ity interest provisions relating to the Personal Property and Rents.
<br />Environmental Laws. The words "Environmental Laws" mean any and all state, federal and local 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 Liabil(ty Act of 1980, as amended, 42 U.S.C. Section 9601, et seq. ("CERCLA'�, the Supertund
<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. Section 6901, et seq., or other applicable state or
<br />federal laws, rules, or regulations adopted pursuant thereto.
<br />Evant of Default. The words "Event of DefaulY' mean any of the events of default set forth in this Desd 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 Llens provisfon of this
<br />Deed of Trust.
<br />Guaranty. The word "Guaranty" mea�s the guaranty from guarantor, endorser, surety, or accommodation party to Lender, including
<br />without limitation a guaranty of all or part of the Note.
<br />Hazardous Substances. The words "Hazardous Substances" mean materials that, because of their quantity, concentration or
<br />physical, chemical or infectious charaeteristics, may cause or pose a present or potential hazard to human health or the environment
<br />when improperiy used, treated, stored, disposed of, generated, manufactured, transpo�ted or othecwtse handled. The words
<br />"Hazardous Substances" are used in their very broadest sense and include without limitation any and all hazardous or toxic
<br />substances, mater(als or waste as defined by or I(sted under tfie Environmerital Laws. The term "Hazardous Substances" also
<br />includes, w(thout Iimitation, petroleum and petroleum by-products ar any fractfon thereof and asbestos.
<br />Improvements. The word "Improvements" means all existing and future improvements, buildings, structures, mobile homes afflxed on
<br />the Real Property, facilities, additions, replacements and other construction on the Real Property.
<br />Indebtedness. The word "Indebtedness" means al1 principal, interest, and other amounts, costs and expenses payable under the Note
<br />or Related Documents, together wfth all renewals of, extensions of, modifications of, consolidations of and substttuUons 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 TrustoPs obtigatlons under thts Deed of Trust, together with interest on such amounts as provided in this
<br />Deed of Trust. Speciflcally, wfthout Iimitation, Indebtedness includes the future advances set forth fn the Future Advances provision
<br />of this Deed of Trust, together with all interest thereon.
<br />Lender. Tha word "Lender" means Platte Valley State Bank & Trust Company, its successors and assigns. The words "successors or
<br />assigns" mean any person or company that acquires any interest in the Note.
<br />Note. The word "Note" means the promissory note dated June 17, 2011 in the original principal amount of $62 ,500,00
<br />from Trustor to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, and
<br />substitutions for the promissory note or agreement.
<br />Personal Property. The words "Personal Property" mean all equipment, fixtures, and other articles of personal property now or
<br />hereafter owned by Trustor, and now or hereafter attached or affixed to the Real Property; together with all accessions, parts, and
<br />addftions to, all replacements of, and all substitutions for, any of such property; and together with all proceeds (including without
<br />limltation all insurance proceeds and refunds of premiums) from any sale or other disposit(on 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, Ioan 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 ladebtedness.
<br />Rents. The word "Rents" means alt present and future rents, revenues, income, issues, royalties, profits, and other beneflts derived
<br />from the Property.
<br />Trustee. The word 'Trustee" means Platte Vailey State Bank 8� Trust Company, whose address is 2223 2nd Ave, Keamey, NE
<br />68848 and any substitute or successor trustees.
<br />Trustor. The word "Trustor" means Norman D. Saale and Phyilis B. Saale.
<br />EACH T�tUSTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS DEED OF TRUST, AND EACH TRUSTOR AGREES TO
<br />ITS TEi�ii�S.
<br />����� � � �=�:
<br />
|