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200209724 D. Truster shall immediately notify Beneficiary in writing as soon as Tmstor has reason to believe there is any pending or threatened investigation, claim, or proceeding relating to the release or threatened release of any Hazardous Substance or the violation of any Environmental Law. 12. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Truster will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 13, JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Tmstor signs tiffs Security Instrument but does not sign an evidence of debt, Tmstor does so only to mortgage Tmstor's interest in the Property to secure payment of the Secured Debt and Tmstor does not agree to be personally liable on the Secured Debt. If this Security instrument secures a guaranty between Beneficiary mid Truster, Tmstor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Tmstor or any party indebted under the obligation. These rights may include, but are not limited to, any amideficiency or one -action laws. The duties azhd benefits of this Security Irvcwmem shah bind and benefit the successors and assigns of Tmstor 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 applicable law will not be effective, unless that law expressly or impliedly permits the variations by written agreement. If arty section of this Security Instrument cannot be enforced according to its 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 the plural the singular. The captions and headings of the sections of this Security Instmmenl are for convenience only and are net to be used to interpret or define the terms 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 lime remove Tmstce and appoint a successor trustee without any other formality than the designation in writing. The successor trustee, without conveyance of the Properly, shall succeed m all the title, power and duties conferred upon Tmstce by this Security Instrument mid 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 Instmmenl, or to any other address designated in writing. Notice to one trustor will be deemed to be notice to all trustors. 17. WAIVERS. Except to the extent prohibited by law, Tmstor waives all appraisement 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 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 mid agreements of each of the riders checked below are incorporated into and supplement and amend the terns of this Security Instrument. [Check all applicable boxes] Assignment of Leases and Rents [= Other 21. CONSTRUCTION LOAN. This Security hnstmmenl 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, Tmstor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Tmstor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. ACKNOWLEDGMENT STATE OF Nebraska - - , COUNTY OF Hall )ss. en aNaw1 This instmm at was acknowledged before me this 10th day of Se terober 2002 by BRUCE A SCHLATTMANNI MELODY M SCHLATTMANN fka MELODY M SANER .._... .I ... _... ....._ _ My commission x it GENEOAL NOTARY Stale 0 Nebnnka TAMMY S. ['yRDY .. ............... �J�S �N��nnr venue) My Comm. Erp, Q1BB< Bank— Sy,t m,, Inc., SI. Clwtl, MN Form OCP- REeT -NE 1113108 (page 4 of d) (M- 0466(NE) pi,n) .n 10 _ a� !1(xlazna- FxIJ.Y �rn 3rpnlom)BRUCE A SCHLATTMANN (Date) ( ) MELODY M 9CRLATTMr4iN £ka (Dale) q-167 1 MELODY M SANER ACKNOWLEDGMENT STATE OF Nebraska - - , COUNTY OF Hall )ss. en aNaw1 This instmm at was acknowledged before me this 10th day of Se terober 2002 by BRUCE A SCHLATTMANNI MELODY M SCHLATTMANN fka MELODY M SANER .._... .I ... _... ....._ _ My commission x it GENEOAL NOTARY Stale 0 Nebnnka TAMMY S. ['yRDY .. ............... �J�S �N��nnr venue) My Comm. Erp, Q1BB< Bank— Sy,t m,, Inc., SI. Clwtl, MN Form OCP- REeT -NE 1113108 (page 4 of d) (M- 0466(NE) pi,n) .n