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� � 2� 1 �� 1 �89 cantaminant which has character�stics which render the substance dange�vus or patent�ally dangerous tv the public health, safety, welfare or en�ironment. The term in�ludes, w�thaut limitation, any substances defined as "hazardous materia�," "toxi� substance," "hazardous waste," "hazardous substance," or "regulated substance" under any En�ironmenta� Law. G�antor represents, warrants and agrees that: � A. Except as pre�iously disclosed and acknow�edged in writing to Lender, nv Hazardaus Substance �s or will be lo�ated, stored or �eieased on ar in the Praperty. � This restriction does not apply ta sma�� quantities of Hazardvus Substances that are genera�Ey recagnized to be appropriate for the normal use and ma�ntenance of the Pro�erty. ' � B. Except as pre�ivusly d�sclosed and acknow�edged in writing ta L�nder, �rantar and e�er ' tenant ha�e been, are and will remain in fu y ► �� cvmp�sance wrth any applicable En�ironmental Law. C. �rantor will immediately notify Lender if a release or threatened release af a Hazardous � Substance occu�s vn, under or ahout the Property or there is a �iolation of any En�ironmenta� Law concerning the Property. fn such an e�ent, Grantor_ will take all necessa�y remedia� action in accordance with any EnWironmental Law. D, �rantor wi�� immedtate�y notify Lender in writing as soon as Grantor has reasan tv belie�e - there is any pending or threatened in�estigatian, c�a�m, or prviceeding relating tv the release ar threatened. release of any Hazardous Substance ar the �iolativn of any En�iranmental Law. ��. C�NDEMNAT[�N. Grantor will �i�e Lender prompt notice of any pending or threatened action by pri�ate ar public entities to purchase or take any or a�I of the Property through condemnation, eminent damain, ar any other means. �rantor authari�es Lender to interWen� �n Grantor's name En any af the aboWe described�activns or �laims. Grant�r assigns to Lender the � praceeds vf any award or cjaim for damages connected with a condemnatEon ar ather taking of all �r any part of the Property. Such proceeds will be considered payments and will be applied as pro�ided in this Security Instrument. This assignment af praceeds is subject t� the terms of any privr mvrtgage, deed vf trust, security agreement or other lien dacument. . �'1. INSURANCE. Grantar agrees to keep the Praperty insured against the �isks reasvnably associated with the Property. Grantor wil� maintain this insurance in the amvunts Lender requires. This insurance will [ast unt�I the Property is reReased frvm this Security Instrument. �1Vhat Lender requires pursuant to the preceding two sentences can change du�ing the �erm �f the Secured Debts. Grantor may choose th� insurance campany, subject to Lende�'s appro�af, which will nvt �e unreasonably wEthhejd. A[[ insuran�e �vlicies and renewals sha�! inc[ude a � standard "mortgage claus�" �vr "lender lvss payable clause"y endorsement that names Lender � as "mortgagee" and "loss payee". If required �y Lender, aI� insurance po�icEes and renewals will � alsa�include an "additiona� insured" endorsement that names Lender as an "additivnal insured". lf required by Lender, �Grantor agr�es tv maintain �omprehens��e general liability insurance and renta� loss or business interruptivn insurance in amaunts and under pvlicies acceptable tv Lender. The comprehens��e general liability �nsurance must name Lender as an additional insured, The rental loss or business interrupt�an insurance must be in an amount equa� ta at least co�erage af vne year's debt ser�ice, and required escrow account depvsits �if agreed to separate�y in writing�. � Grantar w��l gi�e Lender and the insurance company �mmediate natice of any Ioss. All insurance prviceeds will be applied to restaration or repair ❑f the Praperty or tv the Secured De�ts, at - Lender's vption. lf Lender acquires the Property �n damaged c�nditian, Grantar's rights to any insuran�e ��licies and proceeds will pass ta Lender tv the extent af the Secured Debts. ' Grantar will immediate�y nvt�fy Lender af cance��ation or terminatian of insurance. If Grantor fails to keep the Praperty insured, Lender may vbtain insurance to prvtect Lender's interest in the Prvperty and ��antvr wil� pay for the insurance on Lender"s demand, Lender may demand that Grantor pay fvr the insurance al[ at once, or Lender may add the insurance �remiums t� the ba�ance �f the Secured Debts and charge interest on it at the rate that appiies tv the Secured De�ts. This insurance may include �esser or greater co�erages than originally required af G�antor, may be written by a �ompany other than one Grantvr wvufd cho�se, and may be written at a higher rate than Crantvr cvuld obta�n �f Grantvr purchased the insurance. Grantar a�knaw�edges and agrees that Lender or one vf L�nder's affiliates may recei�e cammtssions an the purchase of this insurance;., 22. FSCRaV11 F�R TAXES AND lNSURANCE. Grantar will n�ot be required to pay to Lender funds for taxes and insurance in escrow, 23. SUC�ESS�R TRUSTEE. Lender, at Lender's vptian, may fram time to time remo�e Trustee and appaint a successor withaut any other formality than the designatian in writing. The successar trustee, without cvn�eyance of the Property, will suc�eed to all the title, pawer and duties cvnferred upon Trustee by this Security Instrument and applicab�e law, � � LUTHER C BIGGS Nebraska De�d�f Trust � � NE14?C?CGLASSBQQQ��09625031 N Vllolters K[uwer Financial Ser�ices°1996,�01�Bankers Page 5 � SystemsT"" �