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200303363 D.'I" Jor shall ivwed[ately notity Beneficury in wrilin as soou as Trustur has reason to believe there is any peuding or threatened investlgatroa, claim, or proceeding rearing m the release or threatened release or any aZ'd,itpAs Substance or the violation of any Environmermd Law. 12. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor wilt not be required to pay to Beneficiary funds for taxes and insurance in escrow. 13. JOINT AND INDIVIDUAL I.IABtLITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Trustor signs Ihis Security Instrument but does not sign an evidence of debt, 'I iustor does so out to mortgage Tmster's interest in the Property to secure payment of the Secured Debt and Truslr does not agree to c persoitally liable on the Secured Debt_ If this Security Instrument secures a guaranty between Beneficiary and Truster, Truster agrees to waive any rights that may prevent Beneficiary front bringing any action or claim against Truster or any Patty indebted under the obligation. These rights may include, but are not liniard m, any anh- deficiency or one-actwn laws. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Trustur and Beneficiary_ 14. SEVERABILFPY; INTERPRETATION. 'This Security Instrument is complete and fully iutegmmd. This Security Instrument may not he amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured Debt Thal. comlicis with applicable law will not he effective. unless that taw expressly or implredly Permits the variations by written agreement. It any section of this Security InyIlmpenL cannot he unforced according to its terms, that section will be severed and will not affect the enforceability of the remainder of this Security lnatrmncll. 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 arc not to be used to interpret or define the terms of this Security Instrument. '11 uue is of the essence in this Security Instrument. 15. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to more remove Trustee and appoint a successor trustee without any other formality than the designation in writing The auwcssor trustee, without conveyance or 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 shrill be given by delivering it or by mailing it by first class mail In me appropriate party s address on ppage I of this Security lustrunent, or to any other address designated in writing. Notice m one [mstor will he deemed to be notice in all trumrs- 17. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisemem and homestead exemption rights relating Ia the Property_ 18. LINE OF CREDIT. The Secured Debt includes a revolving line of credit. Although the Secured Debt may be reduced to a roro balance, uis Security histrurncat 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 aggregiments of each of ore riders checked below are incorporated into and supplemient and amend the terms of [his Secmiry Instrument. [Check all applicable boxes] ❑ Assignment of Leases and Rents ❑ Other ___...... _..... ... _..._ ......... ...._.,....._....... 21. ® CONSTRUCTION LOAN. This Security lnstrmnen is a construction security Interest which secures an obligation incurred for the construction of an improvement on the Property. 22. M ADDITIONAL TERMS. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Insinanenl and in any attachments - I rusnu also acknowledges receipt of a copy of this Security Instrument an the date stated on page I. W R (hu elapment Co. y c +r�,F ^r Joel A. La more, President (Dam) (- gneiar °) fl B. L are, Secretar (Date) ACKNOWLEDGMENT: STATE OF i...vt;e...l) N ...... , COUNTY OF ... ..... ... ss. n tssn ] This ne lrmnunYt� co(p�1s�.,arknowtc dgcd before me this I .-.�.2�4 .. day of ... 1 ................. b .d0 ?%l.. rt_lf.{'}. kvreCTs.4 nl uK- ..'D.(<Wt"FroCy.t. ..... ......... ................ My commission expires F12ze netts :bv x :.� c�r� � ......................... 6FNEPAL' lit"•ShR of Nebraska r(y'"�rY i'��mltI DEBORAH of ByGmmt DDlp. f,cr5Erti" ie iPOa a,�k.,avnw,,.., m =, s. CI.Arnu r. O, PPrnTnr i,an,znn> leg 4 or al