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201805478 <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 lnstrutnent: <br />A. Line of Credit. The Secured Debts include a revolving. in.. 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 />26. 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 />SCOTT R. SCHULTZ <br />Nebraska Deed Of Trust <br />NE /4XXSPIEHS00000000001544028N Wolters Kluwer Financial Services ©1996, 2018 Bankers Page 5 <br />SystemsTM <br />