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201207881 This Security Instrument is and shall be a security agi�eement granting Lender a first and prior sectmty interest in all of Borrower's right, title and interest in and to the Personal Property, under and within the meaning of applicable state laws, as well as a document granting a lien upon and against the Real Properiy. In the event of any foreclosure sa1e, whether made by Trustee, or under jud�nent of a court, a11 of the Real Properiy and Personal Property may, at the option of Lender, be sold as a whole or in parceLs. It shall not be necessary to have present at the place of such sale the Personal Properiy or any part ther�f. Lender, as well as Trustee on Lender's behalf, shall have all the rights, remedies and recourse with respect to the Personal Properiy afforded to a"Secured Pariy" by applicable state laws in addition to and not in limitation of the other rights and remedies afforded Lender and/or Trustee under this Security Instiument. Borrower sha.11, upon demand, pay to Lender the amount of any and a11 expenses, including the fees and disbursements of Lender's legal counsel and of any experts and agents, which Lender may incur in connection with: (i) the making and/or administrarion of this Security Instrument; (ii) the �ustody, preservation, use or operation of, or the sale of, collection from, or other realization upon any Property, real and/or personal, described in this Security Instrument; (iii) the exercise or enforcement of any of the rights of Lender under this Security Instrument; or (iv) the failure by Borrower to perform or observe any of the provisions or covenants in this Security Instrument. Lender ma,y, at its election, at any time after the delivery of this Security Instrument, sign one or more copies of this Security Inshliment in order that such copies may be used as a financing statement under applicable state laws. Lender's signature need not be aclrnowledged, and is not necessary to the effectiveness her�f as a deed of trust, a security agreement, or (unless otherwise required by applicable law) a financing statement. Borrower also authorizes Lender to sign and file, without Borrower's signature, such financing and continuation statements, amendments, and supplements thereto, and other documents that Lender may from time to time deem necessary to perfect, preserve and protect Lender's security interest in the Property. If any other documents are necessary to protect Lender's interest in the Property, Borrower agrees to sign these documents whenever Lender asks. Borrower also gives Lender permission to sign these documents for Borrower. 7. Invalid Provisions. If any provision of this Security Instrument is declared invalid, illegal, or unenforceable by a court of competent jurisdicrion, then such invalid, illegal or unenforceable provision shall be severed from this Security Instrument and the remainder enforced as if such invalid, illegal or unenforceable provision is not a part of this Security Instrument. 8. Addresses. The name and address of the Borrower is: Gerald P Carkosld Suzanne R Carkosld 4163 New Mexico Ave Grand Island, NE 68803 MULTISTAI'E CONSTRUCITON LOAN RIDER TO SECURITY INSTRiJMENT - Single Family - Fannie Mae Form 373711/07 (Page oj5) Borrower(s) Initial��_