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200208562 D. Truator shall immediately notify Beneficiary in writing as anon as Truator has reason to bcliccc [here is any pending or threatened investigation, claim, or proceeding relating to the release or threatened release of any 11 ... rd.a, Substance or the violation of any Fnyirennmental Law. 12. ESCROW FOR 'FAXES AND INSURANCE. Unless otherwise provided in a separate agreement. Truator will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 13. JOIN] ' AND INDIVIDUAL LIABIL ITV; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND, All duties under this Security Instrument are joint and individual. If Trus'tor signs this Security Instrument but does not such an evidence of debt, Truator does so only to mortgage Truster's interest in the Property to secure payment of Ilse Secured Debt and Ilustor does not agree to he persannlly liable on the Secured Debt. If [his Security Instrument secures a cuaranty hchvecn Bcnclictaty and Truster. Truator agrees to waive any rights that may prevent Beneficiary from kiringing any action or claim against Huston or any party indebted under the obligation. 'these rights may include, but are not limited m, any oah- deficiency or onc-action Taws. The duties and benefits of [his Security Instrument shall bind and benefit the succcssnrs and assigns of Truator and Beneficiary. 13. SEVERABILI'IY; INTERPRETATION. This Security Instrument in 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 aglccntmnt related to the Secured Debt that conflicts with applicable law will not be effective. unless that law expressly or inipliedly permits the variations by written agreement. If any swlion of [his Security Instrument cannot be enforced according to its loots, 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 me for convenience only and are not to be used to interpret or define the icons of this Security Instrument. Time is of the essence in this Security Instrument, 15. SUCCESSOR TRUSTEE. Rencficiary, al Brreiriary'a option, ntay from time to time remove Trustee and appoint a ,Successor trustee without any other formality than the designation in wining_ The successor trustee, without conveyance if Propperty, shall succeed to all the title, power and duties conferred upon Irustee by this Security Instrument and applicable Law_ 16. NOTICE. Udell otherwise required by Imv. atny notice shall be given by delivering it or by mailing it by first clads mail to the appropriate party's address on page I of this Security Instrument. or to any otfun address designated in writing. Natiec to one trus[or will be deemed to be notice to all truutors. 17. WAIVERS. B.ecept to the extent prohibited by law, Irostor nvaivcs all appraisement and homestead exemption rights relating to the Property . IN. LINE OF CREDIT. the Secured Debt includes a revolving line oferedi[. Although the Secured Deb[ may be reduced to a zero balance, this S ,aunty Instrument will remain is effect until released. 19. APPLICABLE LAW. T his Security Instrument is governed by the taws 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 eNCnanls and agreements of each of the ride, checked below are incorporated into and supplement and amend the terms ofthis Security Instrument [Check all applicable boxes] U Alignment of I_euses and Pont, F-1 011ier 21. = CONSTRUCTION LOAN. This Security Instrument is a construction security interest which secures an obligation incurred for the construction of an improvement en the Property. 22. = ADDITIONAL TFRMS. SIGNA'IL'RES: By signing below, Truster agrees to the terms and covcnanta continued in this Seurity Instrmnem and in any attachments_ Truator also acknowledges receipt of a copy of this Security Instrument on the date stated on page I. v� v✓V 6/ D/ �.. tS m 1me HYBIiNFI P LLlato Ixiyomuml ACKNOWLEDGMENT: // / SNAIL OI- /. dMSK- iN I'll' This iAll/py ��,4me t was ac�/knowledged before me this by /' m07 C f Asfar My comm�aron expues' (199411,I f, V.rime. 11, S,. eluuel, MN Fn' n 0GPasDT- NEV13'99 -0A661NFt 1s99zTo w 1 ou,u C'OUNfY OF 41 . Q day of e. E. GENERAL NOTARY -State of Nebraska III MARK E. KERSTEN MY Comm. Exp. Aug. 17, 2002 (nag, 4 of 41