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20030766'7 claim against Grantor or any party indebted under the obligation. These rights may include, but are not limited to, any anti - deficiency or one - action laws. 20. SUCCESSOR TRUS": EE. Lender, at Lender's option, may from time to time remove Trustee and appoint a successor without any other formality than the designation in writing. The successor trustee, without conveyance of the Property, will succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and applicable law. 21. APPLICABLE LAW. This Security Instrument is governed by the laws of Nebraska, except to the extent otherwise required by the laws of the jurisdiction where the Property is located, and the United States of America. 22. JOINT AND INDIVIDUAL LIABILITY AND SUCCESSORS. Each Grantor's obligations under this Security Instrument are independent of the obligations of any other Grantor. Lender may sue each Grantor individually or together with any other Grantor. Lender may release any part of the Property and Grantor will still be obligated under this Security Instrument for the remaining Property. The duties and benefits of this Security Instrument will bind and benefit the successors and assigns of Lender and Grantor. 23. AMENDMENT, INTEGRATION AND SEVERABILITY. This Security Instrument may not be amended or modified by oral agreement. No amendment or modification of this Security Instrument is effective unless made in writing and executed by Grantor and Lender. This Security Instrument is the complete and final expression of the agreement. If any provision of this Security Instrument is unenforceable, then the unenforceable provision will be severed and the remaining provisions will still be enforceable. 24. INTERPRETATION. Whenever used, the singular includes the plural and the plural includes the singular. The section headings are fo:� convenience only and are not to be used to interpret or define the terms of this Security Instrument. 25. NOTICE, FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Unless otherwise required by law, any notice will be given by delivering it or mailing it by first class mail to the appropriate party's address listed in the DATE AND PARTIES section, or to any other address designated in writing. Notice to one party will be deemed to be notice to all parties. Grantor will inform Lender in writing of any change in Grantor's name, address or other application information. Grantor will provide Lender any financial statements or information Lender requests. All financial state is and information Grantor gives Lender will be correct and complete. Grantor agrees to sign, deliver, and le any a . ional documents or certifications that Lender may consider necessary to perfect, continue, and pres ve Grantor's ligations under this Security Instrument and to confirm Lender's lien status on any Property. Ti a is of the essen SIGNATURES. By si ning Grantor agrees to a terms and covenants contained in this Security Instrument. Grantor also ackn ledges re eipt of a copy of is Security Instrument. GRANTOR: Michael D. Raasch IncLivkIdually Diane K. Raasch Individually LENDER: Platte Val an &Y u mpany By cott Kissler, Assistan Vice President ACKNOWLEDGMENT. (Lndividual) OF Q , This instrument was acknowledged before me is by Michael D. Raasch , and Diane K. Raasch , Husband My commissioi exp egENERAL NOTARY -State of v SCOTT em- C. NO Wh Comm. M Jah► *I F 1 ■ l day of I• ry Public) (Lender Acknowledgme t 5t � OF OF lln> SS. This instrument was acknowledged before me ttQ 'tV day of Hft" , by Scott Kissler -- Assistant Vice President of Platte Valley State Bank & Trust rdompany, a corporation, on behalf of the corporation. My commission expires: 4ab20A/� sow eof (Notary Public) LISA KLEIN W4ftm. Ev. kbA* 2a W Michael D. RaasoA Nebraska Deed Of Trust Initials NE/ 4XX28322000623900003872012051203Y ®1996 Bankers Systems, Inc., St. Cloud, MN E<--r : Page 5