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200303132 D. 1'rustor shall immediately notity Beneficiary in writing as soon as Trustor has reason to believe there is any pending or threatened investigation, claim, or proceeding relating to the release or thma(.cd release of any Hazardous 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 to pay to Beneficiary 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 Truster signs this Security Instrument but does not sign an evidence of debt, Trustor does so only to mormage Trustur's interest in the Propperty to secure payment of the Secured Debt and Trustor does not agree to be net sonayly liable on the Secured Debt. If Ifits Security Instrument secures a guaranty between Beneficiary and Truster, Trustor agrees to waive any ri tits that may prevent Beneficiary from bringing any action or claim against Trustor or any parry indebted under the obligation. 'These rights may include, but are not limited to, any anti- defcudicy or one laws. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Truster and Beneficiary . 14. SF.VERABILITY; INTERPRETATION. This Security Instrument is complete and fully integrated. This Security Instrument may 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 i a Il dly permits the variations by written agreement. If any section of this Security Instrument cannot be enforced actor trig to us terms, that section will be revered and will not affect the cnforueability 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 sucewd 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 mailing it by fast class mail to the appropriate party's address on page f of this Security Instrument, or to any other address designated in writing. Notice to one truster will be deemed to e notice to all trusters. 17. WAIVERS. Except to the extent prohibited by law, Truster waives all appraisement and homestead exemption rights relating to the Property. 18. LINE OF CREDIT. The Secured Dcht 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 Taws 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 covenants and aerements of each of the riders checked below are incorporated into and supplement and amend the terms of this Seen] ity Instrument [Check all applicable boxes] ❑ Assignment of leases and Rents ❑ Other _....... ......... ............ .............. 21. ❑ CONSTRUCTION LOAN. This ; Security Instrument is a construction security interest which secures an 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 in this Security instrument and in any attachments. 'Truster also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. . ... _.11 .. ........ ........._ ..._ ........ t .. FRED A. BOSSEL MAN (Date) (S awve) (Date) ACKNOWLEDGMENT STATE OI NE$RA$KA.... _ ..... .................. -.- , COUNTY OF R ALL ................................. ..._.........) Ss. This instrument was acknowledged before me this ....... .IOTN, .... _- day of..__._........ MARGN,Rg97 ........ ......... by FPED A.Bn$$IUSIAN,ASIN.GLEPE ?sDN ......... ......... ... .. ....... ..... ...... .... . My commission expires 0199 -2007 --- 4DDW�.Nt}�. ........ ..... ...... �^ AH tlW .a< Rmu�l Np, ZOT HEATH My DitEVA& &i /gA r liar 0_r... s...t , m ,, oo d, MN rmm O[v aroT -Nr 1130 @00x (Page 4 tf 41