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200210t05� D. Truster shall immediately notify Beneficiary in writing as soon as Truster has reason to believe there is any pending or threatened investigation, claim, or pr7 biting relating to the release or threatened release of any Hazardous Substance or the violation of any Enviroumenml 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 LL1BUdTY; CO- SIGNERS SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual, If oaslor signs this Security Instrument but does not sCC an evidence of debt, foushn does so only to mortgage Truster's interest in the Property to secure payment of the ured Debt and Truster does not agree to he personally liable na the Secured Debt. If Lhis Security instrument secures a guaranty between Beceficiary and '1'oaslot, 'l'mstor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Toastor or any party indebted under the obligation. These rights may include, but are not limited lo, any anti - deficiency or ono-achon laws. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Trustee and Beneficiary. 14. SEVERABILI[TY; INTERPRETATION. This Security Instrument is complete and fully integrated. This Security Instrument may not he 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 rot be effective, unless that law expressly L licitly permits the variations by written agreement. If any section of this Security Instrument cannot be enforced ing 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 Instrument are for convenience only and are not to be used to interpret of 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 time remove Trustee and appoint a successor trustee without any other formality than the desiguanon in writing. The successor trustee, without conveyance of the Property, shall succeed to all the lith, power and 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 Instrument, or to any other address designated in writing. Notice to one truster will be deemed to a notice to all tmstors. 17. WAIVERS. Except to the extend prohibited by law, Trusmr waives all appraiscmcnt and homestead exemption rights relating to the Property. 18. LINE OF CREDIT. The Secured Debt includes a revolving line of credit. Although the Secured Debi may be reduced to a zero balance, this Security Instrument will remain in effect until released. 19. APPLICABLE LAW. 'Phis 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 regulation, 24 RIDERS The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the terms of this Security Instrument. [Cheek ell applicable boxes] ❑ Assignment of Leases and Rents LJ Other ._ . ................ .......... .... ..... ........... ..... ..................................... 21. L CONSTRUCTION LOAN. This Security Instrument is a construction security interest which secures an obligation iucufted for the comlruclion of an improvement on the Properly_ 22. ❑ ADDITIONAL TERMS. SIGNATURES: By signing below, Toaster agrees to the teens and covenants contained in this Security Instrument and in any attachments. Trustee also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. ts'gnocce> BavidE Loeffler f (DM,) (s�Kl�awm9ShannonJ A. Loeffler (pare) ACKNOWLEDGMENT: STATE OF Nepraska ........... ......._. COUNTY OF _ _ _ .........} ss. rm:n.w�m This instrument was acknowledged before me this 2114„ day of . A,y94F1 2PB2 by nissiofer iris My camunLssiou expires GBA - Sale of Nebraska / (rvm : :y vsa) DAME$ E. RENNAU N/C=nr. Exp. Am 4, 200fi Ucr6 11) 199i e- k,o Cy,o—, nc, Ct l—E, MN brn, CC PercT NE 1/30/3004 (Gage 4 4)