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. 2� 1 �� 1544 �.Trustor sha�! immediately nfltify Beneficiary if a release vr th��atened release of a Hazardous Substance occurs on, under ar about the Property or there is a �i�lation of any En�ironmental Law concerning the Property. In such an e��nt, Trustar shall take aE� necessary remedial activn in accordan�e with any En�ironmental Law. D,Trustor shall immediately notify Beneficiary in writing as svon as Trust�r has reasnn to belie�e there is any pending or threaten�d in�estigation, claim, ar proceeding relating to the release or thr�atened release af any Hazardvus Substance �r th� ��vCation of any En�irvnm�ntal Law. 12. ES�RDW FQR TAXES AND INSURAN�E. Unless otherwise pra�ided in a separate agreement, Trust�r wili not k�e requ�red to pay ta Beneficiary funds for taxes and insurance in escraw. 13. J�INT AND INDIVIDUAL LIABILITY; C�-SIGNERS; SUCCE55�RS AND ASSI�NS BDUND. Ail duties under this Security Instrument are joint and indi�idual. �f Trustvr signs this Security In�trument but does nat sign an e�idence of d�k�t, Trustor does so anly to mort�age Trustor's interest in the Property to secure payment af the 5ecured Debt and Trustflr does nat agree to be p�rs�na�ly I�able an the Se�ured Debt. If this Security Instrument secures a guaranty between Beneficiary and Trustor, Trustvr agrees t❑ wai�e any rights that may pr��ent Beneficiary from bringing any actian or claim against Trustor ar any party indebted under the ab�igation. These rights may include, t�ut are n�t limited ta, any anti-deficiency or ane-a�tion laws. The duties and benefits of this Security Instrum�nt sha�� bind and benefit th� suc�essors and assigns vf Trustor and 8en�ficiary. 14. SEVERABILITY; INTERPRETATI�N. This 5ecurity Instrument is cvmplete and fully integrated. Th�s 5ecurity Instrument may nat be amended or modified by �ral agreem�nt. Any sectian in this 5e�urity Instrument, attachments, �r any agreement related to the 5�cured Debt that conflicts with appiicabl� law will nat be effecti�e, unless that law expressly or impliedly permits th� �ariations by written agreement. If any secti�n of this Secur�ty Instrument cannot be �nfor�ed accarding t� its terms, that secti�n will b� se�ered and will nvt aff�ct the enfor�eahility ❑f the remainder of this Secur�ty Instrument. 1Nhene�er used, the singular shall 'rn�lude the plural and th� plural the singu�ar. The capt�ons and headings af the sections vf this 5ecurity Instrument are for con�enience anly and are n�t t� be used to interpret vr define the terms af this 5e�urity �nstrument. Time is af the essence i n th i s Security I nstrum ent, 15. SU�CESS�R TRUSTEE. Beneficiary, at Beneficiary's opti�n, may frvm time ta time rema�e Trustee and app�int a successor truste� without any oth�r f�rmality than the d�signation in writing. The su�cessor truste�, without cvn�eyance of the Prvperty, shail succeed to all the title, power and duties canferred upon Truste� by this Se�urity �nstrum�nt and appli�able law. ls. N�TI�E. Unless otherwis� required by law, any notic� sha11 be gi�en by deli�ering it �r by mailing it by f�rst class mail to the apprapr'rate party's address an page � ❑f this 5�curity Instrument, or to any vther address designated �n writing. N�tice to vn�trustar will be deem�d t� be noti�e tv al� trustors. Trustor and BeneficEary hereby request a c�py af any natice vf defau�t, and a capy of any nvtice vf sale thereunder, �e mailed to each party at the address for such party set fvrth on page 'I vf this Security instrument. 17. WAIVERS. Except tv the �xt�nt prohibited hy law, Trustor waives al� appra'rsement and homestead �xemption rights relating to the Pr�perty. 18. LINE DF CREDIT. The 5ecured Debt inc�ud�s a re�vl�ing line af credit. A�though the 5ecured C�ebt may be redu�ed to a zero balance, this 5ecurity Instrument wiil remain in effe�t unti� released. 19. APPLICABLE LAW. This Secur�ty Instrument is go�erned by the laws as agre�d tv in the Secured Debt, exc�pt to the extent required by the �aws �f the jurisdictivn wh�re the Pr�perty is lacated, and applicable federal laws and regulatians. Z�. RIDERS. The ca�enants and agreements of each of the riders �hecked below are incorporated inta and suppEement and am�nd the t�rms af this 5ecurity Instrument. ��h�ck all applicab�e boxes� � Assignment of Leases and � �th�r ..�........................................................................ Rents �1. � C�NSTRUCTI�N L�AN. This SeCurity Instrum�nt is a constructivn security inter�st whtch secures an ob��gation in�urred fvr the constructian af an impro�ement vn the Praperty. _1994 Walters K�uwer Financia!5ervi�es-Bankers Systems� form USBUCP-DT-NE i'l!'1 fi12012 {page�of 7}