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<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. USE OF PROPERTY. Grantor shall not use or occupy the Property in any manner that would
<br />constitute a violation of any state and/or federal laws involving controlled substances, even in a
<br />jurisdiction that allows such use by state or local law or ordinance. In the event that Grantor
<br />becomes aware of such a violation, Grantor shall take all actions allowed by law to terminate
<br />the violating activity.
<br />In addition to all other indemnifications, obligations, rights and remedies contained herein, if the
<br />Lender and/or its respective directors, officers, employees, agents and attorneys (each an
<br />"Indemnitee") is made a party defendant to any litigation or any claim is threatened or brought
<br />against such lndemnitee concerning this Security Instrument or the related property or any part
<br />thereof or therein or concerning the construction, maintenance, operation or the occupancy or
<br />use of such property, then the Grantor shall (to the extent permitted by applicable law)
<br />indemnify, defend and hold each lndemnitee harmless from and against all liability by reason of
<br />said litigation or claims, including attorneys' fees and expenses incurred by such Indemnitee in
<br />connection with any such litigation or claim, whether or not any such litigation or claim is
<br />prosecuted to judgment. To the extent permitted by applicable law, the within indemnification
<br />shall survive payment of the Secured Debt, and/or any termination, release or discharge
<br />executed by the Lender in favor of the Grantor.
<br />Violation of this provision is a material breach of this Security Instrument and thereby
<br />constitutes a default under the terms and provisions of this Security Instrument.
<br />23. 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 />24. 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 />25. 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. This Security Instrument and any other
<br />documents relating to the Secured Debts are the complete and final expression of the
<br />agreement. If any provision of this Security Instrument is unenforceable, then the unenforceable
<br />provision will be severed and the remaining provisions will still be enforceable.
<br />26. 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 />27. 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 />Grantor will provide Lender any other, correct and complete information Lender requests to
<br />effectively mortgage or convey the Property. Grantor agrees to pay all expenses, charges and
<br />taxes in connection with the preparation and recording of this Security Instrument. Grantor
<br />agrees to sign, deliver, and file any additional documents or certifications that Lender may
<br />consider necessary to perfect, continue, and preserve Grantor's obligations under this Security
<br />Instrument and to confirm Lender's lien status on any Property, and Grantor agrees to pay all
<br />expenses, charges and taxes in connection with the preparation and recording thereof. Time is
<br />of the essence.
<br />28. AGREEMENT TO ARBITRATE. Lender or Grantor may submit to binding arbitration any
<br />dispute, claim or other matter in question between or among Lender and Grantor that arises out
<br />of or relates to this Transaction (Dispute), except as otherwise indicated in this section or as
<br />Lender and Grantor agree to in writing. For purposes of this section, this Transaction includes
<br />this Security Instrument and any other document relating to the Secured Debts, and proposed
<br />JERED S. JONES
<br />Nebraska Deed Of Trust
<br />NE/4XHERMANN00000000001544021 N Wolters Kluwer Financial Services ©1996, 2018 Bankers Page 7
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