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202100224 <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 />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. 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 Indemnitee 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 Indemnitee 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. 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 />24. 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 />25. JOINT AND SEVERAL LIABILITY AND SUCCESSORS. Each Grantor's obligations under this <br />Security Instrument are independent of the obligations of any other Grantor. Lender may sue <br />each Grantor severally or together with any other Grantor. Lender may release any part of the <br />Property and Grantor will still be obligated under this Security Instrument for the remaining <br />Property. Grantor agrees that Lender and any party to this Security Instrument may extend, <br />modify or make any change in the terms of this Security Instrument or any evidence of debt <br />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. 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 />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 />RODNEY E. PETERSON <br />Nebraska Deed Of Trust <br />NE/4XWOOLERY00000000002375023N Wolters Kluwer Financial Services ©1996, 2020 Bankers Page 7 <br />SystemsTM <br />