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200302620 D. Truster ,hull imntcdiatedy nuti fy RcnclSciary in canting as soon as 'Trustor has reason to believe there is any pending or threatened investigation, claim, or proceeding relating tc the release or threatened release of any Hazardous Substance nr the violation of any Enviro mi l Law, 12. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be required to pay to Rencficiery funds for taxes 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 sign ate evidence of debt, Truster does so only to mortgage Truster's interest in the Property to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Trustor,, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or any party indebted under the obligation. These rights may include, but are not limited to, any anti- deficiency or one -action laws. The duties and benefits of this 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 any not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or implially permits the variations by written agra:mcnt. If any section of this Security Instrument cannot be enforced according to its terms, that section will be severed aid will not affect the enforceability of the remainder of this Security Instrument, Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Security Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Instrument. Time is of the essence in this Security Instrument. 15. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor trustee without any other formality than the designation in writing. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Inxlrmnem and applicable law. 16. NOTICE. Unless otherwise required by law, any nonce shall be given by delivering it or by mailing it by first class rail to the appropriate party's address on page I of this Security Instrumcm, or to any other address designated in writing. Notice to one truster will be deemed to be notice to all trusters. 17. WAIVERS. Except m the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to 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 remain in effect until 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 the Property is located, and applicable federal laws and regulations. 20. RIDERS. The covenams and agreements of cacti of the riders checked below are incorporated into and supplement and amend the terms of this Security Instrument. �Uheck all applicable boxesJ 0 Assignment of Leases and Rena 0 Other 21. E-1 CONSTRUCTION IRAN. This Security Instrument is a consruction security interest which secures an obligation incurred for the construction of an improvement on the Property. 22. = ADDITIONALTERMS. SIGNATURES: By signing below, Traitor agrees to the teens and covenants contained in Otis Security Instrument and in any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. 6 .L�(-03 Isieaumre)DP,RROLD D DANNEHL (Date) (Si marre ACKNOWLEDGMENT: �i� 2�iL (ice J�ANNEHL (Date) STATE OF Nebraska , COUNTY OF Hall }ss. This instrument was acknowledged before me this4th d f [+larch 2003 by DARROLD D DANNEHL and PEGGY J DANNEHL My commission ex ire,: GENERAL NOTARY-State of Nebraska �- S', N TAMMV S. E Y y Public) 1 My Comm. pvp. (D tB BB 9ankan Sy, - St.C1,,0 MN Fouu CCPAENT -NE 1/13, /pagP1 ,f4) ®- C465(NE) (.oil it as