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200208331 Application R 0121176309 D. Truster shall immediately notify Beneficiary in writing as soon as Tmstor has reason to believe there is any pending or threatened investigation, claim, or proceeding 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, Truster will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 13. JOINT AND INDIVIDUAL LIABILITY; COSIGNERS; 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, Tmstor does so only to mortgage Tmstor's interest in the Property to secure payment of the Secured Debt and Tmstor does not agree to be personally liable on, the Secured Debt. If this Security Instwnent secures a gumanty between Beneficiary and Tmstor, Tmsmr aggrees m waive any riVits that may prevent Beneficiary from bringing any action or claim against Truster or any parry irhdebted under the obligation. These rights may include, but are 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 assibrrhs of Tmstor 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 conflicts with applicable law will not be effective, unless that law expressly or implicitly permits the variations by written agreemem. If any section of this Security Instrument cannot be enforced according m its terms, that section will be severed and will not affect the enforceability 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 Beneficiarryy s option, may from time to time remove Trustee and appoint a successor trustee without any other fornuility than the desi nation in writing. The successor trustee, without conveyance of the Property, shall succeed to all the tit] 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 mating it by first class mat to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing. Notice to one trustor will be deemed to he notice to all trusmrs. 17. WAIVERS. Except to the extent prohibited by law, Truster waives all appraisement and homestead exemption rights relating m 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 no 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 are incorporated inm and supplement and amend the terms of this Security Inawment. [Check all applicable boxes] D 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, Truster agrees to the terms and covenants contained in this Security Instrument and in any attachments. Tmstor also acknowledges receipt of a copy of this Security instrument on the date stated on page 1. i /// �, 'n' a (Dame) (Sig ae)EIDTH E RO)BAUGH ... / ... ... (Signature) ILLI D R NBAUGH EA (Date) ACKNOWLEDGMENT OF ': l�ebfr� ca� , COUNTY OF STATE OF VK um.�eaap This instrument was acknowledged before me this d2/ day of UXi.I, L(I U'L by WILLIAM D RODENBAUGH and EIDTH E RODENBAUGH My commission GENERAL NOTARY State of Ne6ruka N CATRINA M. SHUDA My Comm. Exp. Aug. 10, 2003 tNOU,y wnkl p 19M Raoeers systems, hoc., at cloud , MN roan GGPREOr NE vials (page 4 of 4) - CO85(NE) t5s0zl