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<br />include coverages not originally required of Grantor, may be written by a company other than one Grantor would
<br />choose, and may be written at a higher rate than Grantor could obtain if Grantor purchased the insurance.
<br />19. ESCROW FOR TAXES AND INSURANCE. Grantor will not be required to pay to Lender funds for taxes and
<br />insurance in escrow.
<br />20. CO- SIGNERS. If Grantor signs this Security Instrument but does not sign the Secured Debts, Grantor does
<br />so only to convey Grantor's interest in the Property to secure payment of the Secured Debts and Grantor does
<br />not agree to be personally liable on the Secured Debts. If this Security Instrument secures a guaranty between
<br />Lender and Grantor, Grantor agrees to waive any rights that may prevent Lender from bringing any action or
<br />claim against Grantor or any party indebted under the obligation. These rights may include, but are not limited
<br />to, any anti - deficiency or one - action laws.
<br />21. SUCCESSOR TRUSTEE. Lender, at Lender's option, may from time to time remove Trustee and appoint a
<br />successor without any other formality than the designation in writing. The successor trustee, without
<br />conveyance of the Property, will succeed to all the title, power and duties conferred upon Trustee by this
<br />Security Instrument and applicable law.
<br />22. FIXTURE FILING. Grantor gives to Lender a security interest in all goods that Grantor owns now or in the
<br />future and that are or will become fixtures related to the Property.
<br />23. PERSONAL PROPERTY. Grantor gives to Lender a security interest in all personal property located on or
<br />connected with the Property, including all farm products, inventory, equipment, accounts, documents,
<br />instruments, chattel paper, general intangibles, and all other items of personal property Grantor owns now or in
<br />the future and that are used or useful in the construction, ownership, operation, management, or maintenance of
<br />the Property (all of which shall also be included in the term Property). The term "personal property" specifically
<br />excludes that property described as "household goods" secured in connection with a "consumer" loan as those
<br />terms are defined in applicable federal regulations governing unfair and deceptive credit practices.
<br />24. OTHER TERMS. The following are applicable to this Security Instrument:
<br />A. Additional Terms. Future Advances; Other Indebtedness. Upon request of Grantor, Lender may, at its
<br />option, make additional and future advances and readvances to Grantor pursuant to one or more promissory
<br />notes or credit agreements and whether advanced pursuant to a note or credit agreement specifically
<br />referenced in this Security Instrument, other promissory notes or credit agreements now existing or
<br />promissory notes or credit agreements hereafter given by Grantor (or any one or more of them if more than
<br />one) to Lender. All such future advances shall be a Secured Debt for purposes of this Security Instrument.
<br />All present and future indebtedness and obligations of Grantor (or any one or more of them if more than one)
<br />to Lender, whether direct or indirect, absolute or contingent and whether arising by note, guarantee,
<br />overdraft or otherwise, shall be secured by this Security Instrument and shall be a Secured Debt for purposes
<br />of this Security Instrument.
<br />25. APPLICABLE LAW. This Security Instrument is governed by the laws of Nebraska, except to the extent
<br />otherwise required by the laws of the jurisdiction where the Property is located, and the United States of
<br />America.
<br />26. JOINT AND INDIVIDUAL LIABILITY AND SUCCESSORS. Each Grantor's obligations under this Security
<br />Instrument are independent of the obligations of any other Grantor. Lender may sue each Grantor individually or
<br />together with any other Grantor. Lender may release any part of the Property and Grantor will still be obligated
<br />under this Security Instrument for the remaining Property. The duties and benefits of this Security Instrument
<br />will bind and benefit the successors and assigns of Lender and Grantor.
<br />27. AMENDMENT, INTEGRATION AND SEVERABILITY. This Security Instrument may not be amended or
<br />modified by oral agreement. No amendment or modification of this Security Instrument is effective unless made
<br />in writing and executed by Grantor and Lender. This Security Instrument is the complete and final expression of
<br />the agreement. If any provision of this Security Instrument is unenforceable, then the unenforceable provision
<br />will be severed and the remaining provisions will still be enforceable.
<br />28. INTERPRETATION. Whenever used, the singular includes the plural and the plural includes the singular. The
<br />section headings are for convenience only and are not to be used to interpret or define the terms of this Security
<br />Instrument.
<br />29. NOTICE, FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Unless otherwise required by law, any
<br />notice will be given by delivering it or mailing it by first class mail to the appropriate party's address listed in the
<br />DATE AND PARTIES section, or to any other address designated in writing. Notice to one party will be deemed
<br />to be notice to all parties. Grantor will inform Lender in writing of any change in Grantor's name, address or
<br />other application information. Grantor will provide Lender any financial statements or information Lender
<br />requests. All financial statements and information Grantor gives Lender will be correct and complete. Grantor
<br />agrees to sign, deliver, and file any additional documents or certifications that Lender may consider necessary to
<br />perfect, continue, and preserve Grantor's obligations under this Security Instrument and to confirm Lender's lien
<br />status on any Property. Time is of the essence.
<br />30. DESIGNATION OF HOMESTEAD. Pursuant to the Farm Homestead Protection Act, designation of
<br />homestead has been waived; the waiver is attached to this Security Instrument and made a part hereof.
<br />SIGNATURES. By signing, Grantor agrees to the terms and covenants contained in this Security Instrument.
<br />Grantor also acknowledges receipt of a copy of this Security Instrument.
<br />G Ri
<br />MICHAEL T LEAMAN
<br />Nebraska Deed Of Trust InitialsZ
<br />NE/ 2NADM1061B000000000000002600000027n3 01996 Bankers Systems, Inc., St. Cloud, MN Page 5
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