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202400457
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Last modified
1/31/2024 10:49:07 AM
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1/31/2024 10:49:06 AM
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DEEDS
Inst Number
202400457
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202400457 <br />23. USE OF PROPERTY. Grantor shall not use or occupy the Property in any manner that <br />would constitute a violation of any state and/or federal laws involving controlled substances, <br />even in a jurisdiction that allows such use by state or local law or ordinance. In the event that <br />Grantor becomes aware of such a violation, Grantor shall take all actions allowed by law to <br />terminate 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 leach 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 Indemnitee harmless from and against all liability by reason of <br />said litigation or claims, including attorneys' fees and expenses incurred by such lndemnitee 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 />24. 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 />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 />Rodney R Rathman & Sons Inc <br />Nebraska Deed Of Trust <br />NE/4W YATTGLE00000000002894050N <br />Wolters Kluwer Financial Services, Inc.©1996, 2024 <br />Bankers SystemsTM <br />Initials <br />Page 10 <br />
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