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202102144
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3/16/2021 10:28:47 AM
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3/16/2021 10:28:45 AM
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DEEDS
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202102144
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k021021.44 <br />Instrument regardless of any passage of title to Lender or any disposition by Lender of any or <br />all of the Property. Any claims and defenses to the contrary are hereby waived. <br />20. 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 />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. 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 aq3`thereby <br />constitutes a default under the terms and provisions of this Security ,Instrument. <br />24. FIXTURE FILING. Grantor gives to Lender a security interest in -all goods that -Grantor owns <br />now or in the future and that are or will become fixtures related to the Property. This Security <br />Instrument constitutes a financing statement and is to be recorded in the real estate records. <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 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 />27. 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 />28. 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 />29. 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 />RAILE INVESTMENTS, LLC <br />Nebraska Deed Of Trust Initials <br />NE/4James@RS00000000002448034N Wolters Kluwer Financial Services 01996, 2021 Bankers Page <br />Systems"f�//�/` <br />
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