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200208824 D. Trustor shall immediately notify Beneficiary in writing as soon as Trustor has reason to believe there is any pending or threatened investigation, claim. or proceeding relating to the release of threatened release of any Hazardous Substance or the violation of any Lnviroumental Law. 12. ESCROW FOR TAXES AND INSL'RANC E. Unless otherwise provided in a separate agreement, Trustor will not be required to pay In Beneficiary lards for taxes and insurance in escrow_ 13. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are join[ and individual. If Trustor signs this Security Instrument but does not sign an evidence of debt, Tmslor does so only to mortgage Tmstor's interest in the Property m secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt, If This Security Instrument segues a guaranty between Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from hrimmng any action or claim against Trustor of any party indebted under the obligation_ These rights may include. but are not Iimile7 lo, 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 and Beneficiary. 14. SEVERABILITY; INTERPRE'1'A'1'ION. This Security Instrument is complete and fully integrated. This Security Instrument may not be amended or modified by oral agreement. Nry section in this Security Instrument. attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not he effective, unless Thal law expressly or implirdly permits the vacations by written agreemcm. If any section of this Security lastimment cannot be enforced according to its terms, Ilia[ section will be severed mid 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 mid headings of the sections of this Security Iutramenl are for convenience only and me not to be used to interpret or define the terms of this Security Instrument. Time is of the essence in this Security I)sn'mnent. 15. SUCCESSOR 'I'RUSI'EE. Miefidary, at Beneficiary's option, may brunt time to time remove Trustee and appoint a successor trustee without any other t'ormality than the designation in writing. The successor trustee, without conveyance of the Properly, 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, any notice shall be given by delivering it or by mailing it by first class mail to the appropriate party's address on page I of this Security Inslioutput. or to any other address designated in writing. Notice to one trustor will be deemed to be notice to all tnutorc 17. WAIVERS. E.mept to the extent prohibited by law. Trustor waives all appraiscmcut 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 is 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 regulatimis 20. RIDERS. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the Icons of this Security Instrument. [Check all applicable boxes] = A"acnmcut W Lease., and Emus [ J Other _ 21. 0 CONSTRUCTION LOAN. This Security Instrument is a construction security interest which secures an oldwanon incurred for the con,umetimi of an improvement on the Property. 22. 0 ADDI'I IONAL'IIsRNIS. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in an �e laments 'rru.stor also acknowledges, receipt of a copy of this Security I,nstrumen[ on the date stated on page I. Islglswrcl�R`OLSON IUmcl .wrcl LINDA M OLSON lUalel ACKNOWLEDGMENT STAIF OF Nebraska ,COUNTY OF Ha 11 ]ss This instrument was acknowledged before me this 2nd day of August 2002 by Darrel R Olson, son, Husband and Wife My commission expires I ADIggY -ppa ANNE rE DA h'CdIIR 6y,IhPL1.i� �ma vuaarl C, 1s ?a ls,k— Svslemg. N< $1 fl, I IAN turn OCP- PEaTNE 1!13'59 (page 4 of 4) M;m C465(NE) Isvuzl9�