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200403777,
<br />D. Trustor shall immediately notify Beneficiary in writing as soon as Trustor has reason to believe there is any
<br />pending or threatened investigation, claim, or proceeding relating to the release or threatened release of any
<br />Hazardous Substance or the violation of any Environmental Law.
<br />12. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be
<br />required to pay to Beneficiary funds for taxes and insurance in escrow.
<br />13. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties
<br />under this Security Instrument are joint and individual. If Trustor signs this Security Instrument but does not sign an
<br />evidence of debt, Trustor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured
<br />Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a
<br />guaranty between Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from
<br />bringing any action or claim against Trustor or any party indebted under the obligation. These rights may include, but
<br />are not limited to, any anti - deficiency or one - action laws. The duties and benefits of this Security Instrument shall bind
<br />and benefit the successors and assigns of Trustor and Beneficiary.
<br />14. SEVERABILITY; INTERPRETATION. This Security Instrument is complete and fully integrated. This Security
<br />Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments,
<br />or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law
<br />expressly or impliedly permits the variations by written agreement. If any section of this Security Instrument cannot be
<br />enforced according to its terms, that section will be severed and will not affect the enforceability of the remainder of
<br />this Security Instrument. Whenever used, the singular shall include the plural and the plural the singular. The captions
<br />and headings of the sections of this Security Instrument are for convenience only and are not to be used to interpret or
<br />define the terms of this Security Instrument. Time is of the essence in this Security Instrument.
<br />15. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a
<br />successor trustee without any other formality than the designation in writing. The successor trustee, without
<br />conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security
<br />Instrument and applicable law.
<br />16. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class
<br />mail to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in
<br />writing. Notice to one trustor will be deemed to be notice to all trustors.
<br />17. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights
<br />relating to the Property.
<br />18. LINE OF CREDIT. The Secured Debt includes a revolving line of credit. Although the Secured Debt may be reduced
<br />to a zero balance, this Security Instrument will remain in effect until released.
<br />19. APPLICABLE LAW. This Security Instrument is governed by the laws as agreed to in the Secured Debt, except to
<br />the extent required by the laws of the jurisdiction where the Property is located, and applicable federal laws and
<br />regulations.
<br />20. RIDERS. The covenants and agreements of each of the riders checked below are incorporated into and supplement and
<br />amend the terms of this Security Instrument.
<br />[Check all applicable boxes]
<br />Q Assignment of Leases and Rents = Other
<br />21. Q COrLS'�RLTCCiOhL LQ tai. This Security Instrument is a construction security interest which secures an
<br />obligation incurred for the construction of an improvement on the Property.
<br />22. Q ADDITIONAL TERMS.
<br />SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in
<br />any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1.
<br />ACKNOWLEDGMENT:
<br />STATE OF _A/E6M.5K4 , COUNTY OF - /.ALL - }ss.
<br />(individual) This instrument was acknowledged before me this �_� a_ T day of
<br />by AflC*1:41±c L.. _P0vcXA4,WJ AJ_0 6RE-,J,0,4 K P✓-56. *JO ,,�O W FIE
<br />My commis
<br />[ZANTHONY L NOTARY - State of Nebraska
<br />R CHAPMAN Comm. be. Mat 24, 2007 (toot y Public)
<br />cO 1994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1/13/99 (page 4 of 4)
<br />(M- C4651NE) (9902(.02
<br />(Signature)MICHAEL L B0001ANN
<br />(Date)
<br />(Signature) BRENDA K BOCKMANN
<br />(Date)
<br />ACKNOWLEDGMENT:
<br />STATE OF _A/E6M.5K4 , COUNTY OF - /.ALL - }ss.
<br />(individual) This instrument was acknowledged before me this �_� a_ T day of
<br />by AflC*1:41±c L.. _P0vcXA4,WJ AJ_0 6RE-,J,0,4 K P✓-56. *JO ,,�O W FIE
<br />My commis
<br />[ZANTHONY L NOTARY - State of Nebraska
<br />R CHAPMAN Comm. be. Mat 24, 2007 (toot y Public)
<br />cO 1994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1/13/99 (page 4 of 4)
<br />(M- C4651NE) (9902(.02
<br />
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