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<br />successors and permitted assigns of Lender and Borrower. All covenants and agreements of Borrower shall
<br />be joint and several. The captions and headings of the paragraphs of this Security Instrument are for
<br />convenience only and are not to be used to interpret or define the provisions hereof.
<br />19. NOTICE. Except for any notice required under applicable law to be given in another manner,
<br />(i) any notice to Borrower provided for in this Security Instrument shall be in writing to be effective and
<br />given by mailing such notice by first class U.S. mail, postage prepaid, to Borrower at c/o Michael D.
<br />Raasch, 1645 "N" Street, Suite E, Lincoln, Nebraska 68506 or at such other address as Borrower may
<br />designate by notice to Lender as provided herein, and (ii) any such notice to Lender shall be in writing to be
<br />effective and given by mailing such notice by first class U.S. mail, postage prepaid, to Lender c/o Credit
<br />Administration Department, 1235 "N" Street, Lincoln, Nebraska 68508, or to such other address as
<br />Lender may designate by notice to Borrower as provided herein. Any such notice shall be effective upon
<br />deposit with U.S. mail. Any notice provided for in this Security Instrument shall be deemed to have been
<br />given to Borrower or Lender only when given in the manner designated herein.
<br />20. UNIFORM SECURITY INSTRUMENT; GOVERNING LAW; SEVERABILITY.
<br />This form of Security Instrument combines uniform covenants for national use and non - uniform covenants
<br />with limited variations by jurisdiction to constitute a uniform security instrument covering real property. In
<br />the event that any provision or clause of this Security Instrument or the Note or any other Loan Document
<br />conflicts with applicable law, such conflict shall not affect the other provisions of this Security Instrument
<br />or the Note or any other Loan Document which can be given effect without the conflicting provision, and to
<br />this end the provisions of the Security Instrument and the Note and the Loan Documents are declared to be
<br />severable. This Security Instrument cannot be waived, changed, discharged or terminated orally, but only
<br />by an instrument in writing signed by the party against whom enforcement of any waiver, change, discharge
<br />or termination is sought. This Security Instrument shall be governed by and construed in accordance with
<br />the Laws of the State in which the Property is located, except to the extent that Federal laws or the rules
<br />and regulations of the Office of Thrift Supervision, or its successor, preempt the laws of the State in which
<br />the Property is located, in which case Lender shall be entitled to such Federal rights and remedies without
<br />regard to conflicting limitation imposed by State law.
<br />21. BORROWER'S COPY. Borrower acknowledges receipt of a conformed and completed
<br />copy of the Note and of this Security Instrument at the time of execution or after recordation hereof.
<br />22. TRANSFER OF THE PROPERTY; ASSUMPTION. If the Borrower or any successor in
<br />interest to Borrower or the Property described in this Security Instrument should, without the prior written
<br />consent of the Lender, assign the Note or sell, convey, transfer, or alienate the Property, or any part
<br />thereof, or any interest therein, or be divested of its title or any interest therein in any manner, whether
<br />voluntary or involuntary, by contractual arrangement or operation of law, or if the Borrower or any
<br />successor in interest to Borrower or the Property is a corporation, partnership, limited liability company, or
<br />joint venture, and more than fifty percent (50 %) of the equity ownership of such corporation, partnership,
<br />limited liability company, or joint venture is, without the prior written consent of Lender, sold, conveyed,
<br />transferred or alienated, either voluntarily or involuntarily, by contractual arrangement or operation of law,
<br />then the Lender shall have the right at its sole option to declare any and all indebtedness due hereunder, or
<br />any other obligation secured by this Security Instrument, immediately due and payable.
<br />Not less than thirty (30) days prior to any such sale or other transfer, Borrower shall notify Lender
<br />in writing of the proposed sale or transfer and shall provide Lender with such information concerning the
<br />terms and conditions of the sale or transfer and the creditworthiness and financial condition of the proposed
<br />purchaser or transferee as Lender may require. Lender may withhold its consent to any such sale or other
<br />transfer in Lender's sole discretion.
<br />A consent and waiver of Lender's option to accelerate shall be subject to (a) the credit of the
<br />purchaser or transferee being satisfactory to the Lender; (b) an assumption fee of two percent (2 %) of the
<br />then outstanding Principal balance being paid to Lender; (c) assumption of full and unconditional liability
<br />on the indebtedness by all purchasers or transferees of the Property on a joint and several basis; and (d) any
<br />other requirements reasonably necessary to protect Lender's interest in the Property. Any agreement
<br />regarding Lender's consent and waiver of its option to accelerate must be in writing and reached prior to the
<br />date of the sale or transfer. Waiver of any right granted to the Lender by the provisions of this paragraph
<br />as to one transaction, event or occurrence shall not be deemed to be a waiver of any right as to any
<br />subsequent transaction, event or occurrence.
<br />The sale or transfer of the Property subject to this Security Instrument or the assignment of the
<br />Note shall not operate to release the Borrower or any guarantor of the Note without the express written
<br />agreement of Lender, which may be withheld in Lender's sole discretion.
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