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200208338 D. Trustor shall immediately notify Beneficiary in writing a; soon as Truster has reason to believe there is any pendingg or threatened investigation, claim, or proceeding relating to the release or threatened release of any Hader dous Substance or the violation of any Environmental Law. 12. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 13. JOINT AND INDIVIDUAL. IdABILITY; CO- SIGNERS; 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 evidenceaf deb[, Truster does so only to mortgagge Truster' a interest to the Property to secure payment of the Secured Debt and Trustor does not agree to be peRSOnally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Truster 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 conflicts with applivable law will not be effective, unless that law expressly or in C' hermits the variations by written agreement. If any section of this Security Instrument cannot be enforced according to ns 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 die 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 term; of this Security Instrument. Time is of the essence in this Security Instrument. 15. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor rural without any other formality than the designation N writing. The successor trustee, without conveyance of die 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 1 of this Security Instrument, or to any other address designated in writing. Notice to one truster will be deemed to be notice to all trusturs. 17. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraimment and homestead exemption rights relating in the Properly. 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 are incorporated into and supplement and amend the terms of this Security Instrument. [Clack all applicable boxes Q Assignment of Leases and Rents 0 Other 21. =1 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, Trustor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Truster also acknowledges receipt of a copy of this Security Instrument on the date stated on page I. �ndA-CE� �.2 (sisaawn)RANDALL E DUBBS Note) (sts�mea> PAMELA J U 5 Nam) ACKNOWLEDGMENT STATE OF NEBRASKA , COUNTY OF HALL jsa. euf °'. ) This inum meet was acknowledged before me [his Hof 6TH -- AUGUST, -- 2002 - by RANDALL E DUBBS AND PAMELA J DUBBS, HUSB AND WIFE — - -- My commission ex rres:� GENERAL NOiAflY- Gtalepl Nebraska kLgATHLEEN A. SCHIACHTER (N.C., Pumicl My coal bp. May 21. 2004 ©1994 BmMees Sytfems, Ina.. SL Cloud MN form 0CP.REeI -NE 1113" (page 4 of 4) ® a C4 SINE1 (99ai)11I