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200304589 D. Trustor shall immediately notify Beneficiary in writing HS soon as Trustor has reason to believe there is any pending or threatened investigation, claim, or pro ng relating to the release or threatened 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, '1'rustor will not be required to pay to Beneficiary funds for naves 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 sign% this Security Instrument but does not sign an evidence of debt, 'Truster does so only to mortgage Trustor's interest in the Property to secure payment of the Soured Debt and Trustor does not agree to a personally liable on the Secured Debt. If this Security n%trument secures a guaranty between Beneficiary and 'truster, 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 me 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 Truster and Beneficiary. 14. SEVERABILITY; 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 conflo"s with a livable law will not he elleetive, unless [ha[ ]aw expressly or impliedly permits the variations by written agrecone IC any section of this Security lnstnunent cannot be enibrced according to its terms, that section will be Severed and will not affect the enforceability of the remainder of this Security Instrument Whenever used, the singulaz shall include [he plural and the plural [he singular. The captions and headings of the sections of this Security Instrument are for convenience only and aze not to be used [o interpret or define the terms of this Security InaGUmrnl. Time is of the essence N this Security Instrument. 15. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may 6om 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 Instrument and applicable law. 16. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail to the appropriate party's address on page I of this Security Instrument, nr to any other address designated in writing. Notice to one trustor will be deemed to be notice to all trustors. 17. WAIVERS. Except to 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 covenants and agreements of each of the riders checked below we incorporated into and supplement and amend the terms of this Security Instrument. [Check all applicable boxes] 0 Assignment of Leases and Rents 0 Other _ 21. 0 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. 0 ADDITIONAL. TERMS. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Insrwment and in any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page L 7 -U -QG -I �LC iP.�K. - `_ - `�F - ej /6 Q3 (s�,,o,ww)DANIE L SEIM (mate) (sisumum) MICHELLE C SEIM (Date) ACKNOWLEDGMENT STATEOF NEBRASKA pndin -1j This instrument was acknowledged before me this by DANIEL L SEIM AND MICHELLE My commission expires: COUNTY OF HALL___ 10TH --- day of MARCH 2003 .___._ _ C SEI_ HUSBAND AND WIFE BIEAAt 1101AAY .1 al N1GUB tr err e mm� ('/1EJ.SNk F My Comm Gmm. ErD. 01991 B-1e S'1111. I- 11 C oim I 9 (fig d of d) ® C4651NEI (9002 )02 w