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<br /> ' * D.T suitor shall in r:edia:cry notif' Beneficiary in V‘ii:ing as soc.r,as Truster has reason to believe there is any pending
<br /> .1*i.',1 er threatened in des^.iga;ion, claim. Or proceeding relatinl_ to the release or threatened release of any Hazardous
<br /> Subs:arce or the violation of any Environmental Lan.
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<br /> 12» FSCROW FOR TAXES AND INSURANCE. Uniess otherwise provided in a separate agreement. Truster will not be
<br />'' r:. required t1 pay to Beneficiary funds for taxes and insurance in escrow. II
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<br />{ 13. JOINT AND INDIVIDUAL LL•+.BiLITN': CO SIGNEPS: SUCCESSORS AND ASSIGNS BOUND. All duties under
<br /> this Security Instrument are joint and individual. If Truster signs this Security Instrument but does not sign an evidence of
<br /> `: debt. Trustor does so only to mortgage Trustor's interest in the Property to secure payment of the tiecured Debt and
<br /> Tri.tor dices not agree to be personally' liable on the Secured Debt. If this ecurity Instrument secures a guaranty between
<br /> i3enef:eiary and Truster. Trustor agrees to waive any rights that may prevent Beneiiiciars from bringing any action or claim "
<br /> against ':rumor or any part,; indebted under the obligation. These rights may include, but are not limited to any
<br /> ,; ./rill defieiencv or one-action laws. The duties and benefits of this Security Instrument shall bind and benefit the successors
<br /> arid assigns of i rustcr and Beneficiary.
<br /> 14. SEVERABILiTI'; iNTERPRETATiON, This Security instrument is complete and fully integrated. fh:s Security
<br /> "c'' Instrument may not be amended or modified h:. oral agreement Any section in this Security Instrument. attachments, or a
<br /> s` '.; any agreement related to the Secured Debt that conflicts with applicable law will not be eftcctivc, unless tha, law expressly
<br /> or imptiedly permits the variations by INrit'en agreement If any sre'ion of this Sect:rity lit tru:rert cannot be enforced
<br /> r4 aecordtn,, to its terms, that section will be ,severed and will not affect the enforceability of the remainder of this Security
<br /> = Instrument. henever ument. henever used. the cingulat shall include the plural and the plural the singuiar. The captions and headings of •
<br /> ,*1 the s ctians of thi,i Security lnstrunien: ..re for consenience only and are not to be used to interpret or define the terms of
<br /> i this SC.urdty 1^.strumcm. Time is of the essence in this Security instrument.•
<br /> l f.4, SUCCESSOR TRUSTEE, Beneficiary. at Beneficiary's option, may from time to time remove Trustee and appoint a
<br /> s., successor trustee'. ith out any other formality than the designation in writing. The successor trustee, without conveyance of
<br /> the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and
<br /> applicable law.
<br /> 16. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail •
<br /> to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing.
<br /> Notice to one truster Null be deemed to be notice to all trusters.
<br /> 17. WAIVERS. Except to dr.: extent prohibited by law. Truster waives all appraisement and homestead exemption rights
<br /> relating to the Property. .
<br /> 18. LINE OF CREDIT. The Secured Debt includes a revolving line of credit. Although the Secured Debt may be reduced to a
<br /> zero balance,this Security Instrument will remain in effect until released.
<br /> 19. APPLICABLE LAW. This Security Instrument is governed by the laws as agreed to in the Secured Debt, except to the
<br /> extent required by the laws of the jurisdiction where the Property is located,and applicable federal laws and regulations. ,
<br /> • 20. RIDERS. The covenants and agreements of each of the riders checked below are incorporated into and supplement and
<br /> amend the terms of this Security Instrument.
<br /> • [Check all applicable boxes)
<br /> IX Assignment of Leases and Rents ❑ Other
<br /> CONSTRUCTION LOAN. This Security Instrument is a construction security interest which secures an obligation
<br /> incurred for the construction of an improvement on the Property.
<br /> 22. 0 ADDITIONAL TERMS.
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<br /> i SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any
<br /> '1 • attachments.Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page I.
<br /> I /'1 ' Sited 1
<br /> i isignutur ANDAL 1.KLINGINSMITH (Date) (Signature) (Dale)
<br /> ACKNOWLEDGMENT:
<br /> STATE OF NEBRASKA , COUNTY OF .8IFFA1.O } ss.
<br /> -!i "'"'"" This instrument was acknowledged before me th.s 1�T day of MAY,.2002
<br /> by RANDAI,I,.KLINGINSMITH,A SINGLE PERSON
<br /> My commission expires:04.11.2006
<br /> II
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<br /> ill MODRY-Sat d `
<br /> CLIFFORD (Notary KERLAR
<br /> yY Coma bli!P111.2006
<br /> S .,
<br /> 0.1994 Boras 5yaems,Inc.SI Cloud,LAN ram OCP.RE DT-NE 1/13/99 . (pege 4 o/41
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