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201700291
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1/13/2017 11:48:12 AM
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1/13/2017 11:48:12 AM
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DEEDS
Inst Number
201700291
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LEO N RAYBURN <br />Nebraska Deed Of Trust <br />NE /4XXXXHAKE00000000009966025N <br />201700291 <br />B. Except as previously disclosed and acknowledged in writing to Lender, Grantor and every <br />tenant have been, are, and will remain in full compliance with any applicable Environmental <br />Law. <br />C. Grantor will immediately notify Lender if a release or threatened release of a Hazardous <br />Substance occurs on, under or about the Property or there is a violation of any <br />Environmental Law concerning the Property. In such an event, Grantor will take all <br />necessary remedial action in accordance with any Environmental Law. <br />D. Grantor will immediately notify Lender in writing as soon as Grantor has reason to believe <br />there is any pending or threatened investigation, claim, or proceeding relating to the release <br />or threatened release of any Hazardous Substance or the violation of any Environmental <br />Law. <br />19. CONDEMNATION. Grantor will give Lender prompt notice of any pending or threatened <br />action by private or public entities to purchase or take any or all of the Property through <br />condemnation, eminent domain, or any other means: Grantor authorizes. Lender to intervene in <br />Grantor's name in any of the above described actions or claims. Grantor assigns to Lender the <br />proceeds of any award or claim for damages connected with a condemnation or other taking of <br />all or any part of the Property. Such proceeds will be considered payments and will be applied <br />as provided in this Security Instrument. This assignment of proceeds is subject to the terms of <br />any prior mortgage, deed of trust, security agreement or other lien document. <br />20. ESCROW FOR TAXES AND INSURANCE. Grantor will not be required to pay to Lender <br />funds for taxes and insurance in escrow. <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. <br />22. WAIVERS. Except to the extent prohibited by law, Grantor waives all appraisement and <br />homestead exemption rights relating to the Property. <br />23. OTHER TERMS. The following are applicable to this Security Instrument: <br />A. Line of Credit. The Secured Debts include a revolving line of credit provision. Although <br />the Secured Debts may be reduced to a zero balance, this Security Instrument will remain in <br />effect until the Secured Debts and all underlying agreements have been terminated in writing <br />by Lender. <br />B. No Action by Lender. Nothing contained in this Security Instrument shall require Lender <br />to take apy action. 1, <br />> <br />24. APPLICA LAW. This SeCunty Instrument is governed by the laws of Nebraska, the <br />United State f A. ,e i`64- atid,:iixabe extent required, by the laws of the jurisdiction where the <br />Property is located, except to the extent such state laws are preempted by federal law. <br />25. 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 />26. AMENDMENT, INTEGRATION AND SEVERABILITY. This Security Instrument may not be <br />amended or modified by oral agreement. No amendment or modification of this Security <br />Instrument is effective unless made in writing and executed by Grantor and Lender. This <br />Security Instrument and any other documents relating to the Secured Debts are the complete <br />and final expression of the agreement. If any provision of this Security Instrument is <br />unenforceable, then the unenforceable provision will be severed and the remaining provisions <br />will still be enforceable. <br />27. INTERPRETATION. Whenever used, the singular includes the plural and the plural includes <br />the singular. The section headings are for convenience only and are not to be used to interpret <br />or define the terms of this Security Instrument. <br />28. NOTICE, ADDITIONAL DOCUMENTS AND RECORDING FEES. Unless otherwise required <br />by law, any notice will be given by delivering it or mailing it by first class mail to the appropriate <br />party's address listed in the DATE AND PARTIES section, or to any other address designated in <br />writing. Notice to one Grantor will be deemed to be notice to all Grantors. Grantor will inform <br />Lender in writing of any change in Grantor's name, address or other application information. <br />Wolters Kluwer Financial Services © 1996, 2016 Bankers Page 5 <br />SystemsTM <br />
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