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201802410 <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. INSURANCE. Grantor agrees to keep the Property insured against the risks reasonably <br /> associated with the Property. Grantor will maintain this insurance in the amounts Lender <br /> requires. This insurance will last until the Property is released from this Security Instrument. <br /> What Lender requires pursuant to the preceding two sentences can change during the term of <br /> the Secured Debts. Grantor may choose the insurance company, subject to Lender's approval, <br /> which will not be unreasonably withheld. All insurance policies and renewals shall include a <br /> standard "mortgage clause" (or "lender loss payable clause") endorsement that names Lender <br /> as "mortgagee" and "loss payee". If required by Lender, all insurance policies and renewals will <br /> also include an "additional insured" endorsement that names Lender as an "additional insured". <br /> If required by Lender, Grantor agrees to maintain comprehensive general liability insurance and <br /> rental loss or business interruption insurance in amounts and under policies acceptable to <br /> Lender. The comprehensive general liability insurance must name Lender as an additional <br /> insured. The rental loss or business interruption insurance must be in an amount equal to at <br /> least coverage of one year's debt service, and required escrow account deposits (if agreed to <br /> separately in writing). <br /> Grantor will give Lender and the insurance company immediate notice of any loss. All insurance <br /> proceeds will be applied to restoration or repair of the Property or to the Secured Debts, at <br /> Lender's option. If Lender acquires the Property in damaged condition, Grantor's rights to any <br /> insurance policies and proceeds will pass to Lender to the extent of the Secured Debts. <br /> Grantor will immediately notify Lender of cancellation or termination of insurance. If Grantor <br /> fails to keep the Property insured, Lender may obtain insurance to protect Lender's interest in <br /> the Property and Grantor will pay for the insurance on Lender's demand. Lender may demand <br /> that Grantor pay for the insurance all at once, or Lender may add the insurance premiums to the <br /> balance of the Secured Debts and charge interest on it at the rate that applies to the Secured <br /> Debts. This insurance may include lesser or greater coverages than originally required of <br /> Grantor, may be written by a company other than one Grantor would choose, and may be <br /> written at a higher rate than Grantor could obtain if Grantor purchased the insurance. Grantor <br /> acknowledges and agrees that Lender or one of Lender's affiliates may receive commissions on <br /> the purchase of this insurance. <br /> 21. ESCROW FOR TAXES AND INSURANCE. Grantor will not be required to pay to Lender <br /> funds for taxes and insurance in escrow. <br /> 22. 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 /> 23. WAIVERS. Except to the extent prohibited by law, Grantor waives all appraisement and <br /> homestead exemption rights relating to the Property. <br /> 24. 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 any action. <br /> 25. APPLICABLE LAW. This Security Instrument is governed by the laws of Nebraska, the <br /> United States of America, and to the 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 /> MICHAEL KOENIG <br /> Nebraska Deed Of Trust <br /> NE/4XXSPIEHS00000000001544027N Wolters Kluwer Financial Services©1996,2018 Bankers Page 5 <br /> SystemsTM <br />