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200208823:- D. lTusmr shall immediately nudity Beneficiary in writing as anon as Trustor has reason to believe there is any pending or threatened investigation, claim, or proceeding relating to the release or threatened release of any Il.nrdous Substance or the violation of any F.nluenmental Law_ 12. ESCRONN FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement. Tmstm will not be required to pay to Beneticiary funds for taxes and insurance in escrow. 17. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instnunent are joint and individual. If Trustor signs this Security Instrument but dues not sign an evidence of debt. Tustor does so only to mortgage "frusta's interest in 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 seances a guaranty belt+ -een Beneficiary end Trustor, Trustor agrees to waive any rights that may present Beneficiary from bringing mhy action or claim against Trustor or any party indebted under the obligation. Thl rights may include, but are nor fir, I lo, any anti - deficiency or one - action laws_ The duties and benefits of this' Security Instrument shall hind and benefit ire successors and assigns ofTrustor and Beneficiary. 14. SEX ERABILITV; INTERPRETATION. this Security Instrument is complete and fully integrated. This Security Instrument may riot be amended or modified by oral mucemenl. Any .section in this Security Instrumenl, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressiv or impliedly permits the vudafions by written agreement. If any section of this Security Instrument cannot he enforced recording to its terms, that section will he severed and will not affect the enforceability of the remainder of this Security Instrument. Whcnccer used, the singular shall include the plural and the plural the singuar_ llhe captions and headings of tm sections ofthis Security Instrument arc for convenience only mid are not to be used ro intmplet or define the terms of this Security Instrument Time is of the essence to this Security Instrument. 15. SUCCESSOR TRUSTEE. Beneticiary, at Bereficiaryls option. mry from time to time remove Trustee and appoint a successor trustee witnnut any other lr lily than the designation in writing. The successor trustee, without conveyance of the Property. shall succeed to all the title. power mud duties conferred upon Trustee by this Security Instmmenr and applicable law, 16. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by lost class mat m Ilse appropriate prrly's address' on page I of this Security InstrunneW, or to any other address designated in writing. Notice to one uvstor will he deemed to be notice to all tmsems_ 17. WAIVERS. Ixcept to the extent prohibited by law. Trustor wanes all appratsemcnt and homestead exemption rights relating to the Property. 18. LINE OF CREDIT. The Secured Debt includes a revohtng line of credit Although the Secured Debt may be reduced to o mho 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 ix located, and applicable federal laws and regulations. 20. RIMERS. The covenants and agreements of each of the riders checked below are incorporated turn and supplement and unwed the forms of this Security Instrument. [(belle all applicable hosed Assignment of Leases and Rents I Other 21. (] ( ONSTRUCTION LOAN. Tuts Security Instrument is a construction security interest which secures an obligation incurred for the construction of iurpiwenwnt on the Property. 22. = ADDITIONAL 'PERMS. SIGN'A'I'T RES: By signing below. Trustor agrees to the terms and covenants contained in this Security Instrument and to any artachments. Trustor also acknowledges receipt of a copy of Phis Security buto., at on the date crated on page I ACKNOAN LEDGMEN'I STATFOF Nebraska .COUNTY OF Hall °nJ " ° "nb 'this instrument wz acknnwledgcrl bufure me [his 16 day of August 2002 by Eric S Allen, Conda L Allen Husband and Wife My commixsinn cxpirc,: GG'MNOTANY -ShMtl D ANNErM pAy� P.,I:r. rene t MYCO- Eq. Mrym, 2= Q 1 Jai Ear kai 3y glens Ire..3t Cold ME EamOCPRr-0T -NE 1'19:09 ®- G465dNEl iE0m 11 S (page 4 of 4) V lslrn.�mr)ERIC J EN IDamr, [Signauvc] CONDA L ALLEN ft)am] ACKNOAN LEDGMEN'I STATFOF Nebraska .COUNTY OF Hall °nJ " ° "nb 'this instrument wz acknnwledgcrl bufure me [his 16 day of August 2002 by Eric S Allen, Conda L Allen Husband and Wife My commixsinn cxpirc,: GG'MNOTANY -ShMtl D ANNErM pAy� P.,I:r. rene t MYCO- Eq. Mrym, 2= Q 1 Jai Ear kai 3y glens Ire..3t Cold ME EamOCPRr-0T -NE 1'19:09 ®- G465dNEl iE0m 11 S (page 4 of 4)