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201201107
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Last modified
3/19/2012 3:39:59 PM
Creation date
2/14/2012 8:56:51 AM
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DEEDS
Inst Number
201201107
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r <br />201201�.07 <br />What Lender requires pursuant to the preceding two sentences can change during the term of <br />the Secured Debts. Grantor may choose the insurance company, subject to Lender's approval, <br />which will not be unreasonably withheld. <br />All insurance policies and renewals shall include a standard "mortgage clause" (or "lender loss <br />payable clause") endorsement that names Lender as "mortgagee" and "loss payee". If required <br />by Lender, all insurance policies and renewals will also include an "additional insured" <br />endorsement that names Lender as an "additional insured". If required by Lender, Grantor <br />agrees to maintain comprehensive general liability insurance and rental loss or business <br />interruption insurance in amounts and under policies acceptable to Lender. The comprehensive <br />general liability insurance must name Lender as an additional insured. The rental Ioss or <br />business interruption insurance must be in an amount equal to at least coverage of one year's <br />debt service, and required escrow account deposits (if agreed to separately in writing). <br />Grantor will give Lender and the insurance company immediate notice of any loss. All insurance <br />proceeds will be applied to restoration or repair of the Property or to the Secured Debts, at <br />Lender's option. If Lender acquires the Property in damaged condition, Grantor's rights to any <br />insurance policies and proceeds will pass to Lender to the extent of the Secured Debts. <br />Grantor will immediately notify Lender of cancellation or termination of insurance. If Grantor <br />fails to keep the Property insured, Lender may obtain insurance to protect Lender's interest in <br />the Property and Grantor will pay for the insurance on Lender's demand. Lender may demand <br />that Grantor pay for the insurance all at once, or Lender may add the insurance premiums to the <br />balance of the Secured Debts and charge interest on it at the rate that applies to the Secured <br />Debts. This insurance may include coverages not originally required of Grantor, may be written <br />by a company other than one Grantor would choose, and may be written at a higher rate than <br />Grantor could obtain if Grantor purchased the insurance. Grantor acknowledges and agrees <br />that Lender or one = of Lender's affihates �a��receive commissions on the purchase of this <br />,n� �� � � � �'�� � <br />insurance. �!„--� tf � , a ; , �, � <br />� �:� � �=z � �� ;� ; �� <br />20. ESCROW F� TA?'C S A�'�N R� C�'' 'G � t �' �i�ll � o i�e!r�qu ir ��� d to pay to Lender <br />funds for taxes a i�y an � in� �r .� ' _. � � .,�` �` <br />� - <br />21. SUCCESSOR TRUSTEE. Lender, at Lender's option, may from time to time remove Trustee <br />and appoint a successor without any other formality than the designation in writing. The <br />successor trustee, without conveyance of the Property, will succeed to all the title, power and <br />duties conferred upon Trustee by this Security Instrument and applicable law, including, without <br />limitation, the right to appoint a successor or substitute trustee at any time and from time to <br />time. <br />22. APPLICABLE LAW. This Security Instrument is governed by the laws of Nebraska, the <br />United States of America, and to the extent required, by the laws of the jcarisdiction where the <br />Property is located, except to the extent such state laws are preempted by federal law. <br />23. JOINT AND INDIVIDUAL LIABILITY AND SUCCESSORS. Each Grantor's obligations under <br />this Security Instrument are independent of the obligations of any other Grantor. Lender may <br />sue each Grantor individually or together with any other Grantor. Lender may release any part <br />of the Property and Grantor will still be obligated under this Security Instrument for the <br />remaining Property. Grantor agrees that Lender and any party to this Security Instrument may <br />extend, modify or make any change in the terms of this Security Instrument or any evidence of <br />debt without Grantor's consent. Such a change will not release Grantor from the terms of this <br />Security Instrument. The duties and benefits of this Security Instrument will bind and benefit <br />the successors and assigns of Lender and Grantor. ("� <br />ROBERT C. HANSEN <br />Nebraska Deed Of Truat I <br />NE/4XXDIANNK00000000000626042020212N Wolters Kluwer Financial Services �1996, 2012 Bankers <br />Systems''" <br />
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