200208563 - Laserfiche WebLink

Browse

RE- RECORDED 2002.081583 200208397 D. Truslor' shall immcdiatcly notify Lenefientry in writing as soon as Trustor has reason to believe there is any pevding or threatened investigation, claim, or proceedingg relating to the release or threatened release of any Hazardous Substance or the violation of mry Enviionrncntal Law. 12. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, lrusmr will not be required to pay to Beneficiary fiords for taxes and insurance in escrow 13. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS ROUND. All duties under this Securiy Instrument are joint mid individual. if Trusor signs this Security Instmment but does not sign an evidence of debt. Truslor does so only to mortgage Trustor s interest in the Property_ m secure payment of the Secured Debt anal Trustor does not agree to be personally liable o, the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary acid Trustor. Trustor agrees to waive any rights that may pfevent Beneficiary from bringing any action or claim against Trustor or any party indebted 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 assigns of Trustor mid Beneficiary 14. SEVERABILITY; INTERPRETATION. This Security Instrument is complete and fully integrated. This Security Instrument niay not be amended or nwdificel 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 impliedly permits the variations by written agreement If any section of this Security Instrument cannot be ifo cat a"onling to its (o, ni ' that action will be severed and will not affect the enforceabiLty of the remainder of this Security hnstmment, Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Security Insm.ment are for convenience only mid me nnl to he used to interpret or define the terms of this Security histnunent. Time is of the essence in this Security Instrument. 15. SUCCESSOR 'I RUSTEE. Beneficiary, al Beneficiary's option, may from time to time remove Trustee and appoint a successor husee without any other formality thmi the designation in writing. The successor trustee, without comcyance of the Property, shall succeed to all the title, power mid duties conferred upon Trustee by this Security Instrument and applicable law. 16. NOTICE. Unless otherwise required by law, mry notice shall be given by delivering A or by mailing it by first class mail to the appropriate party's address on page I of this Security instrument, or to mry other address designated in writing. Notice to one trustor will be deemed to be notice to all tmstors. 17. WAIVERS. Except to the extent prohibited by law, Trustor waives all imnaiscment and homestead exemption rights relating to 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 Instmment is governed by the laws as agreed to in the Secured Debt, except to the extent required by the Imes 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 letters of this Security lnstrument [Check all applicable boxes] U Assignment of Leases and Rents = Other 21. 0 CONS'I'RLC'IION LOAN. This Security Inshrument is a construction security interest which secures an obligation incurred for the construction of an improyenient on the Property. 22. =ADDITIONAL FERMS. SIGNATURES: By signing below, Truslor agrees hi the terms and covenants contained in this Security Instrument mid in arty attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated in page I- r ARO� J ^n />itGlir— Rif�[�a.�CTp�I.',r 1 � s', nwm el 6RIt�9 ARANC& BR I ul ACKNOWLEDGMENT STATE OF Nebraska _,COUNIYOF Hall ;ss 's'so iBO°e 'this instrument was acknowledged before me this 5th day of August 2002 by Thomas J Brown, Lorinda Krance Brown, Husband and Wife My conun.ssion ex Tres: eBaQUt man -smear dmlo ANNEITE DAVIB a..,w r,ntl�i MY Carden. Frm. MeY zl. PllOA 019919anknies /s¢ma. lnc of cloud -MN roll OCPREDT.NE 1/1099 iPd9e 4 of 4) �Cd65(N E) rosonsl