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<br /> E. Misrepresentation. Grantor makes any verbal or written statement or provides any financial information
<br /> that is untrue, inaccurate, or conceals a material fact at the time it is made or provided.
<br /> F. Judgment. Grantor fails to pay or discharge a judgment against Grantor for the payment of money, unless
<br /> within ten days of its entry the judgment is either satisfied or a stay of enforcement is granted pending
<br /> appeal.
<br /> G. Forfeiture. The Property is used in a manner or for a purpose which threatens confiscation by a legal
<br /> authority.
<br /> H. Name Change. Grantor changes Grantor's name or assumes an additional name without notifying Lender
<br /> before making such a change.
<br /> I. Property Transfer. Grantor transfers all or a substantial part of Grantor's money or property.
<br /> J. Other Instruments. A default occurs under the terms of any instrument evidencing or pertaining to the
<br /> Secured Debts.
<br /> K. Insecurity. Anything else happens that causes Lender to reasonably believe that Lender will have difficulty
<br /> collecting the amount owed under the terms of the Secured Debts or significantly impairs the value of the
<br /> Property.
<br /> 13. REMEDIES. Lender may use any and all remedies Lender has under state or federal law or in any instrument
<br /> evidencing or pertaining to the Secured Debts, including, without limitation, the power to sell the Property. Any
<br /> amounts advanced on Grantor's behalf will be immediately due and may be added to the balance owing under
<br /> the Secured Debts. Lender may make a claim for any and all insurance benefits or refunds that may be available
<br /> on Grantor's default.
<br /> Subject to any right to cure, required time schedules or other notice rights Grantor may have under federal and
<br /> state law, Lender may make all or any part of the amount owing by the terms of the Secured Debts immediately
<br /> due and foreclose this Security Instrument in a manner provided by law upon the occurrence of a default or
<br /> anytime thereafter.
<br /> All remedies are distinct, cumulative and not exclusive, and the Lender is entitled to all remedies provided at law
<br /> or equity, whether or not expressly set forth. The acceptance by Lender of any sum in payment or partial
<br /> payment on the Secured Debts after the balance is due or is accelerated or after foreclosure proceedings are filed
<br /> will not constitute a waiver of Lender's right to require complete cure of any existing default. By choosing any
<br /> one or more of these remedies Lender does not give up Lender's right to use any other remedy. Lender does not
<br /> waive a default if Lender chooses not to use a remedy. By electing not to use any remedy, Lender does not
<br /> waive Lender's right to later consider the event a default and to use any remedies if the default continues or
<br /> happens again.
<br /> 14. COLLECTION EXPENSES AND ATTORNEYS' FEES. On or after Default, to the extent permitted by law,
<br /> Grantor agrees to pay all expenses of collection, enforcement or protection of Lender's rights and remedies
<br /> under this Security Instrument. Grantor agrees to pay expenses for Lender to inspect and preserve the Property
<br /> and for any recordation costs of releasing the Property from this Security Instrument. Expenses include, but are
<br /> not limited to, attorneys' fees, court costs and other legal expenses. These expenses are due and payable
<br /> immediately. If not paid immediately, these expenses will bear interest from the date of payment until paid in full
<br /> at the highest interest rate in effect as provided for in the terms of the Secured Debts. To the extent permitted
<br /> by the United States Bankruptcy Code, Grantor agrees to pay the reasonable attorneys' fees Lender incurs to
<br /> collect the Secured Debts as awarded by any court exercising jurisdiction under the Bankruptcy Code.
<br /> 15. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this section, (1) Environmental Law
<br /> means, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act
<br /> (CERCLA►, all other federal, state and local laws, regulations, ordinances, court orders, attorney general opinions
<br /> or interpretive letters concerning the public health, safety, welfare, environment or a hazardous substance; and
<br /> (2) Hazardous Substance means any toxic, radioactive or hazardous material, waste, pollutant or contaminant
<br /> which has characteristics which render the substance dangerous or potentially dangerous to the public health,
<br /> safety, welfare or environment. The term includes, without limitation, any substances defined as "hazardous
<br /> material," "toxic substance," "hazardous waste," "hazardous substance," or "regulated substance" under any
<br /> Environmental Law.
<br /> Grantor represents, warrants and agrees that:
<br /> A. Except as previously disclosed and acknowledged in writing to Lender, no Hazardous Substance has been,
<br /> is, or will be located, transported, manufactured, treated, refined, or handled by any person on, under or
<br /> about the Property, except in the ordinary course of business and in strict compliance with all applicable
<br /> Environmental Law.
<br /> B. Except as previously disclosed and acknowledged in writing to Lender, Grantor has not and will not cause,
<br /> contribute to, or permit the release of any Hazardous Substance on the Property.
<br /> C. Grantor will immediately notify Lender if (1) a release or threatened release of Hazardous Substance occurs
<br /> on, �nder or about the Property or migrates or threatens to migrate from nearby property; or (2) there is a
<br /> violation of any Environmental Law concerning the Property. In such an event, Grantor will take all necessary
<br /> remedial action in accordance with Environmental Law.
<br /> ,
<br /> D. Except as previously disclosed and acknowledged in w�iting to Lender, Grantor has no knowledge of or
<br /> reason to believe there is any pending or threatened investigation, claim, or proceeding of any kind relating to
<br /> (1) any Hazardous Substance located on, under or about the Property; or (2) any violation by Grantor or any
<br /> tenant of any Environmental Law. Grantor will immediately notify Lender in writing as soon as Grantor has
<br /> reason to believe there is any such pending or threatened investigation, claim, or proceeding. In such an
<br /> event, Lender has the right, but not the obligation, to participate in any such proceeding including the right to
<br /> receive copies of any documents relating to such proceedings.
<br /> E. Except as previously disclosed and acknowledged in writing to Lender, Grantor and every tenant have
<br /> been, are and will remain in full compliance with any applicable Environmental Law.
<br /> TRACY WATTS
<br /> Nebraska Deed Of Trust Initial
<br /> uFi�a����n�aann0000000oo00otE0000001Fn6 'r'1996 Bankers Svstems,Inc.,St. Cloud,MN Page 3
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