|
201109369
<br /> DEED OF �RUST
<br /> Loan IUo: 10000733 (COntillued) Page 7
<br /> Waiver of HomesYead Exemption. Trustor here6y releases and waives all rights and benefits of th2 homestead
<br /> exemption laws of the State of Nebraska as to all Indebtedness secured by this Deed of Trust.
<br /> DEFINITIONS. The following words shall have the following meanings when used in this Deed of Trust:
<br /> Beneficiary. The word"Beneficiary"means Equitable Bank,and iis successors and assigns.
<br /> Borrower. The word "Borrower" means RANDY A LEISER and MARY E LEISER and inciudes all co-signers and
<br /> co-makers signing the Note and all their successors and assigrts.
<br /> Deed of Trust The words "Deed of TrusY' mean this Deed of Trust among Trustor, Lender, and Trustee, and
<br /> includes withouY limitation all assignment and security interest provis�ons relating to the Personal Property and
<br /> Rents.
<br /> En�ironmental Laws. The words "Environmental Laws" mean any and all state, federal and local statutes,
<br /> regulations and oedinances relating to the protection of human health or the environmenT, including without
<br /> limitation the Comprehensive Environmentai Response,Compensation,and Liability Act of 1980,as amended,42
<br /> U.S.C.Section 9601,et seq. ("CERCLA"),the Superfund Amendments and Reauthorization Act of 1986,Puh. L.
<br /> No.99-499("SARA"1,the Hazardous Materials Transportation Act,49 U.S.C.Section 1807,et seq.,the Resource
<br /> Conservation and Recovery Act,42 U.S.C. Section 6901,et seq.,or other applicable sYate or federal laws,rules,
<br /> 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
<br /> the eveMS of default section of this Deed of Trust..
<br /> Existing I�ndebtedness. The words"Existing IndebYedness" mean the indetitedness descri6ed in the Existing Liens
<br /> provision of this Deed of Trust. �
<br /> Guarenty. The word"Guaranty"means the guaranty from guarantor,endorser,surety,or accommodation party to
<br /> Lender,including 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,
<br /> concentration or physical,chemical o�infectious characteristics, may cause or pose a present or potential hazard
<br /> to human health or the environment when improperly used,treated,stored,disposed of,generated,manufactured,
<br /> transported or otherwise handled. The words"H�azardous Substances"are used in their very broadest sense and
<br /> � include without limitation any and all hazardous or toxic substances, materials or waste as defined by or listed
<br /> under the Environmental Laws. The term"Hazardous Substances"aiso includes,without limitation,petroleum and
<br /> petroleum by-products or any ffaction thereof and asbestos.
<br /> Improvements. The word "Improvements" means all existing and future improvements, buildings, structures,
<br /> mobile homes affixed on the Real Properry,facilities, additions, replacements and other construction on the Real
<br /> Property.
<br /> Indebtedness. The word "Indebtedness" means all principal, interest, and other amounis, costs and expenses
<br /> payable under the Note or Related Documents, together with all renewals of, extensions of, modifications of,
<br /> consolidations of and substitutions for the Note or Related Documents and any amounts expended or advanced 6y
<br /> Lender to discharge Trustor's obligations or expenses incurred by Trustee or Lender to enfarce Trustor's
<br /> obligations under this Deed of Trust,together 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
<br /> , assigns"mean any person or company that aequires any interest in the Note. . . �
<br /> Note. The word "Note" means the promissory note dated December 9, 2011, IIt fi.he original principal
<br /> amount of $9,324.75 from Trustor to Lender,together with all renewals of,extensions of,modifications of,
<br /> refinancings of, consolidations of,and substitutions for the promissory note or agreemeM. The maturity date of
<br /> . tFiis Deed of Trust is December 25,2021.
<br /> Personal Property. The words "Personal Property" mean all equipment, fixtures, and other artides of personal
<br /> property now pr hereafter owned by Trustor, and now or hereafter attached or affixed to the Real Property;
<br /> . togeTher�with.all accessions, parts, and additions to, all replacements of, and all substitutions for, any of such
<br /> property; and together with ail proceeds (including without limitatipn all insurance proceeds and refunds of
<br /> premiums)from any sale or other disposition of the Property.
<br /> Property. The word"Property"means collectively the Real Property and the Personal Properry.
<br /> Real Property. The words"Real Property"mean the real property,interests and rights,as further described in this
<br /> Deed of Trust.
<br /> Related Documents. The words "Related Documents" mean all. promissory notes, ctedit agreements, loan
<br /> agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, security
<br /> deeds, collateral mortgages, and all other instruments, agreements and documents, whether now or hereafter
<br /> existing,executed fn connection with the I:ndebtedness.
<br /> Rents. The word "Rents" means all present and future rents, revenues, income, issues, royalties, profits, and
<br /> other benefiYS derived irom the Property. �
<br /> Trustee. The word"TrusTee" means Equitable Bank(Grand Island Region),whose address is 113-115 N Locust
<br /> St;PO Boz 160,Grand Island,NE 68802-0160 and any substitute or successor trustees.
<br /> � Trustor. The word"Trustor"means.RANDY A.LEISER and MARY E LEISER.
<br /> EACH TRUSTOR ACKNOWLEDGES.HAV.ING READ�ALL?;THE PROVISIONS OP THIS DEED OF TRUST, AND EACH
<br /> TRUSTOR AGREES TO.I.TS TERMS.°+ '� ' � � ,
<br /> TRUSTOR: �
<br /> �ANDY A LEISER
<br /> � �•.��
<br /> MARY E LEI R .
<br />
|