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202301139
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3/10/2023 2:39:30 PM
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3/10/2023 2:39:29 PM
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202301139
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2023011 39 <br />entitled to exercise all rights of Bank and Fixed Rate Provider hereunder and all rights of Bank <br />under the Loan, Loan Agreement or Note. Upon and after written notice from Fixed Rate <br />Provider to Borrower/Grantor that Fixed Rate Provider is entitled to act with respect to the <br />Loan, Loan Agreement or Note and the property pledged hereunder, (i) Fixed Rate Provider <br />will be entitled to exercise all rights of Bank and Fixed Rate Provider hereunder and all rights <br />of Bank under the Loan, Loan Agreement or Note and (ii) Borrower/Grantor will comply with <br />instructions, notices and other communications solely from Fixed Rate Provider with respect <br />to rights of Bank and Fixed Rate Provider hereunder and rights of Bank under the Loan, Loan <br />Agreement or Note. The relative rights and priorities as between Fixed Rate Provider and <br />Bank with respect to the rights referred to in this paragraph will be governed by the Master <br />Servicing Agreement. <br />As additional security for Borrower's/Grantor's obligations to Bank secured hereunder, <br />Borrower/Grantor pledges to Bank and grants Bank a first priority lien and security interest in <br />any Early Unwind Amount (as defined in the Rate Conversion Agreement) owed to <br />Borrower/Grantor under the Rate Conversion Agreement. In the event of a default by <br />Borrower/Grantor under the Loan, Loan Agreement or Note Borrower/Grantor assign to Bank <br />payment of any such Early Unwind Amount. Upon written notice from Bank to Fixed Rate <br />Provider that a default has occurred under the Loan, Loan Agreement or Note, <br />Borrower/Grantor assigns to Bank payment of such Early Unwind Amount. Upon written <br />notice from Bank to Fixed Rate Provider that a default has occurred under the Loan, Loan <br />Agreement or Note, Fixed Rate Provider will be authorized to pay such Early Unwind Amount <br />to Bank without liability to Borrower/Grantor. Any dispute on Borrower's/Grantor's part <br />regarding the appropriateness of Bank's notice of default or Fixed Rate Provider's payment <br />of the Early Unwind Amount to Bank will be addressed by Borrower/Grantor to Bank, and <br />Borrower/Grantor will not seek legal or other recourse or remedy from or with respect to <br />Fixed Rate Provider. <br />22. 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 />23. 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 />24. 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 />25. 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 />26. 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 />ALVIN D KOWALSKI III <br />Nebraska Deed Of Trust <br />N E /4 bo p e l a@ F0000000000297 3024 N <br />111111011111101111011111010111111110111110111110111111111311111111,111118111111111111111111 <br />Wolters Kluwer Financial Services, Inc.°1996, 2023 Page 7 <br />Bankers Systems"' <br />11 <br />
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