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.l. i. , 11, 20,000551.4
<br />15. COLLECTION EXPENSES AND ATTORNEYS' FEES. On or after Default, to the extent permitted by law,
<br />Grantor agrees to pay all expenses of collection, enforcement or protection of Lender's rights and remedies
<br />under this Security Instrument. Grantor agrees to pay expenses for Lender to inspect and preserve the Property
<br />and for any recordation costs of releasing the Property from this Security Instrument. Expenses include, but are
<br />not limited to, attorneys' fees, court costs and other legal expenses. These expenses are due and payable
<br />immediately. If not paid immediately, these expenses will bear interest from the date of payment until paid in full
<br />at the highest interest rate in effect as provided for in the terms of the Secured Debts. To the extent permitted
<br />by the United States Bankruptcy Code, Grantor agrees to pay the reasonable attorneys' fees Lender incurs to
<br />collect the Secured Debts as awarded by any court exercising jurisdiction under the Bankruptcy Code.
<br />16. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this section, (1) Environmental Law
<br />means, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act
<br />(CERCLA), all other federal, state and local laws, regulations, ordinances, court orders, attorney general opinions
<br />or interpretive letters concerning the public health, safety, welfare, environment or a hazardous substance; and
<br />(2) Hazardous Substance means any toxic, radioactive or hazardous material, waste, pollutant or contaminant
<br />which has characteristics which render the substance dangerous or potentially dangerous to the public health,
<br />safety, welfare or environment. The term includes, without limitation, any substances defined as "hazardous
<br />material," "toxic substance," "hazardous waste," "hazardous substance," or "regulated substance" under any
<br />Environmental Law.
<br />Grantor represents, warrants and agrees that:
<br />A. Except as previously disclosed and acknowledged in writing to Lender, no Hazardous Substance is or will
<br />be located, stored or released on or in the Property. This restriction does not apply to small quantities of
<br />Hazardous Substances that are generally recognized to be appropriate for the normal use and maintenance of
<br />the Property.
<br />B. Except as previously disclosed and acknowledged in writing to Lender, Grantor and every tenant have
<br />been, are, and will remain in full compliance with any applicable Environmental Law.
<br />C. Grantor will immediately notify Lender if a release or threatened release of a Hazardous Substance occurs
<br />on, under or about the Property or there is a violation of any Environmental Law concerning the Property. In
<br />such an event, Grantor will take all 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 there is any
<br />pending or threatened investigation, claim, or proceeding relating to the release or threatened release of any
<br />Hazardous Substance or the violation of any Environmental Law.
<br />17. CONDEMNATION. Grantor will give Lender prompt notice of any pending or threatened action by private or
<br />public entities to purchase or take any or all of the Property through condemnation, eminent domain, or any
<br />other means. Grantor authorizes Lender to intervene in Grantor's name in any of the above described actions or
<br />claims. Grantor assigns to Lender the proceeds of any award or claim for damages connected with a
<br />condemnation or other taking of all or any part of the Property. Such proceeds will be considered payments and
<br />will be applied 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 />18. INSURANCE. Grantor agrees to keep the Property insured against the risks reasonably associated with the
<br />Property. Grantor will maintain this insurance in the amounts Lender requires. This insurance will last until the
<br />Property is released from this Security Instrument. Grantor may choose the insurance company, subject to
<br />Lender's approval, which will not be unreasonably withheld. All insurance policies and renewals will include a
<br />standard "mortgage clause" and, where applicable, "loss payee clause."
<br />Grantor will give Lender and the insurance company immediate notice of any loss. All insurance proceeds will be
<br />applied to restoration or repair of the Property or to the Secured Debts, at Lender's option. If Lender acquires
<br />the Property in damaged condition, Grantor's rights,to any insurance policies and proceeds will pass to Lender to
<br />the extent of the Secured Debts.
<br />Grantor will immediately notify Lender of cancellation or termination of insurance. If Grantor fails to keep the
<br />Property insured Lender may obtain insurance to protect Lender's interest in the Property. This insurance may
<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. WAIVERS. Except to the extent prohibited by law, Grantor waives all appraisement and homestead
<br />exemption rights relating to the Property.
<br />23. 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 />24. 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 />PAUL N tM"ItLU
<br />Nebraska Deed Of Trust
<br />\IC /9 ►1 A ll11I4 nc-Innn
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