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<br /> D.Trustor shall immediately notify Beneficiary in writing as soon as Trustor has reason to believe there is any pending
<br /> or threatened investigation, claim, or proceeding relating to the release or threatened release of any Hazardous
<br /> 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 under
<br /> this Security Instrument aze joint and individual. If Trustor signs this Security Instrument but does not sign an evidence of
<br /> debt, Trustor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and
<br /> Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between
<br /> Beneficiary and Trustor, Trustor agrees to waive any ri�ts that may prevent Beneficiary from bringing any action or claim
<br /> against Trustor or any party indebted under the obligation. .These rights may include, but are not limited to, any
<br /> anti-deficiency or one-acnon laws. The duties and benefits of this Security Instrument shall bind and benefit the successors
<br /> 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, or
<br /> any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly
<br /> or impliedly permits the variations by written agreement. If any section of this Security Instrument cannot be enforced
<br /> according to its terms, that section will be severed and will not affect the enforceability of the remainder of this Security
<br /> Instrument. Whenever used, the singulaz shall include the plural and the plural the singular. The captions and headings of
<br /> the sections of this Secunty Instrument aze for convenience only and are not to be used to interpret or define the terms of
<br /> 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 wntmg. The successor trustee, without conveyance of
<br /> the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and
<br /> 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 mail
<br /> to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing.
<br /> 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 to a
<br /> zero balance, this Security Instrument will remain in effect until released.
<br /> 19. APPLICABLE LAW. This Security Instrument is govemed by the laws as agreed to in the Secured Debt, except to the
<br /> extent required by the laws of the junsdiction where the Property is located, and applicable federal laws and regulations.
<br /> 20. RIDERS. The covenants and agreements of each of the riders checked below aze incorporated into and supplement and
<br /> amend the terms of this Security Instrument.
<br /> [Check all applicable boxes]
<br /> ❑ Assignment of Leases and Rents ❑ Other .............................................................................................
<br /> 21. ❑ CONSTRUCTION LOAN. This Security Instrument is a construction security interest which secures an obligation
<br /> incurred for the construction of an improvement on the Property.
<br /> 22. ❑ ADDITIONAL TERMS.
<br /> SIGNATURE . y igning below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any
<br /> attachments.,'Trustor so acknowledges receipt of a copy of this Security Instrument on the date stated on page 1.
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<br /> ...�.... .... . . .��/2�/99. .. ..... . . . .... ......... �.�� ................4�123/�.
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<br /> (Signature) Y M CARI� (Date) (Signa ce) �ISTIN�' K CARL N (Date)
<br /> ACKNOWLEDGMENT:
<br /> STATE OF ... NEBRASKA ., COUNTY OF .�I-L..........................................} ss.
<br /> ........................................... .... .
<br /> �1nd'"'d'��� Thi instrument w acknowled e be ore me this ...?3rd,,,,,. day of September,,,,,,,,,,,,,,1999
<br /> d ..............
<br /> by t�u ba d and Re�N and KRIS�E K RLSON,
<br /> My commission expires:
<br /> ........ ... .............. �. . ......... ......................
<br /> , GENERAI.NOTARY State ot Nebrask� ���r,r�r^y�otary Public)
<br /> �!� TAMMY S. R
<br /> My Comm.Exp.
<br /> 01994 Bankers Sys[ems,Inc.,St.Cloud,MN Form OCP-REDT-NE 10/7/98 (page 4 014/
<br /> DOTNE4.frm 2/98
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