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200409209 D. Trustor shall immediately notify Beneficiary in writing m smm. as Trustor has reason to believe there is any pending or threatened investigarion, Cann, or proceeding relating to the release or threatened release of any azardOUs Substance or the violation of any Environmental Law. 12. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be required in pay to Beneficiary funds for faxes and insurance in escrow. 13. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Trustor signs this Security Instrument but does not strgga an evidence of debt, Trustor does so on] yy to mengage Toaster's interest in We Property to secure payment o- the Secured Debt and Truster does not agree to be personally liable on the Secured Debt. If [his Securi ty Instrument secures a guaramy between Beneficiary and Trustor, Trustor agrees to waive any rigghts that may prevent Beneficiarryy from bringing any action or claim against Truster or any pang indebted author the obligatioa. These rights may imelude, but are not limited to, any amt - deficiency or one - action laws. The duties and benefits of Ella Security Instrument shall bind and benefit the successors and assigns of Trustor and Beneficiary. 14. SEVERABILITY; INTERPRETATION. This Security Instrument is complete and fully integrated. This Security Instrument may no[ be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or xny agreement [elated to the Secured Deb[ [hat cQ o"s with applicable law wed not be effective, untess that law expressly or impplledly pewits the vara[ioos by written agreement. D any section of thia Security Inslrumem camel be enforced according to ns terms, that section wdl be severed and will not affect the emoroeabilhy of the rsmtaimile' of this Security Instrument. Whenever used, the singular shall include the plural and the plural the singular. The cap[ioms and headings of the sentient of tha Securely Instrument are for convenience umy and are ao[ [o he used te interpret or define [be terms of this Security Instrument. Time is of the essence in Ibis Security Instrument. 15. SUCCESSOR TRUSTEE. Beneficiary, at Beaefic ag,s option, may from time to time remove Trustee and appoint a successor trustee without any other formality than the designation m writing. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred upon 'Trustee by this Security Instrument and applicable law. 16. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by miling it by first class mail to the appropriate patty's address on gage 1 of this Security Instrument, or to any other address designated in writing. Notice to one trustor will be deemed to he notice to all truslora. 17. WAIVERS. Except to the extent prohibited by law, Truster waives all appraiseniem and homestead exemption rights relating ilk the Property. 18. LINE OF CREDIT. The Secured Debt includes a revolving line of credit. Although the Secured Debt may be reduced to a zero balance, this Security Instrument will rums in effect untd released. 19. APPLICABLE LAW. This Security Instrument is governed by the laws as agreed to in the Secured Debt, except to the extent required by the laws of the jurisdiction where die Property Is located, and applicable federal laws and regulations. 20. RIDERS. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the terms of this Security Instrument. [Check all applicable boxes] ❑ Assignment of Leases and Rents ❑ Other .............................................................. ............................... 21. ❑ CONSTRUCTION LOAN. This Security Instrument is a construction security interest which secures am obligation incurred for the construction of an improvement on the Property. 22. ❑ ADDITIONAL TERMS. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained is this Security Instrument and in any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. ) (si@lawre) Joseph P. O'Neill; Timothy R. O'Neill; Miki O'Neill (Dam) (siraiutt) Thomas W. O'Neill; Jill O'Neill (De¢> ACKNOWLEDGMENT: STATE OF WRAP ...... .... ............................�OU Y OF ...... .............................................. J ss. eo° "wu.p This instrument was acknowledged before me this ........I4 .. ........ day of ................. AgOmSL.ZOP.4 .......... by J. asephP.,. O' NeilU. ihomes. W,. P .'Neilh.7imnthvfl..0.'Neilh.J.i, , hMiki.O'Nwlh.Ao.undiyidRd.aG a dintetest ............. . My commission expires: .... ........ .............................. ffr GFRIK NOTARY' -$pq of Nebraska [NOm Palau) Inc' GO M 11 R. NO0.Sp1 MY Comm. by 7Re7 , E,15E?tC ® 199{Bmken Syneme,Im..9t Cl..,.. 1—eCPAEDTNE 1.11M- lPo ➢e 4 of 91