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200502286 D. Trustor shall immediately notify Bene iciary in writing as soon as Trustor has reason to believe there is any Eor threatened investigation, cl im, 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, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 13. JOINT AND INDIVIDUAL LIABILITY; under this Security Instrument are joint and is evidence of debt, Trustor does so only to mor Debt and Trustor does not agree to be persc guaranty between Beneficiary and Trustor, bringing any action or claim against Trustor c are not limited to, any anti- deficiency or one_, and benefit the successors and assigns of Trust 14. SEVERABILITY; INTERPRETATION. T: Instrument may not be amended or modified 1 or any agreement related to the Secured Debi expressly or impliedly permits the variations l enforced according to its terms, that section this Security Instrument. Whenever used, the and headings of the sections of this Security I define the terms of this Security Instrument. T 'O- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties dividual. If Trustor signs this Security Instrument but does not sign an gage Trustor's interest in the Property to secure payment of the Secured Lally liable on the Secured Debt. If this Security Instrument secures a rustor agrees to waive any rights that may prevent Beneficiary from any party indebted under the obligation. These rights may include, but :tion laws. The duties and benefits of this Security Instrument shall bind ,r and Beneficiary. is Security Instrument is complete and fully integrated. This Security y oral agreement. Any section in this Security Instrument, attachments, that conflicts with applicable law will not be effective, unless that law / written agreement. If any section of this Security Instrument cannot be ill be severed and will not affect the enforceability of the remainder of ingular shall include the plural and the plural the singular. The captions strument are for convenience only and are not to be used to interpret or me is of the essence in this Security Instrument. 15. SUCCESSOR TRUSTEE. Beneficiary, at Be eficiary's option, may from time to time remove Trustee and appoint a successor trustee without any other formal ty than the designation in writing. The successor trustee, without conveyance of the Property, shall succeed to all the title, 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 trustor will be deemed tD be notice to all trustors. 17. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Property. 18. LINE OF CREDIT. The Secured Debt includles a revolving line of credit. Although the Secured Debt may be reduced to a zero balance, this Security Instrument willl remain in effect until released. 19. APPLICABLE LAW. This Security Instrui the extent required by the laws of the juri regulations. 20. RIDERS. The covenants and agreements of amend the terms of this Security Instrument. [Check all applicable boxes] = Assignment of Leases and Rents = ( is governed by the laws as agreed to in the Secured Debt, except to .on where the Property is located, and applicable federal laws and of the riders checked below are incorporated into and supplement and 21. L—_1 CONSTRUCTION LOAN. This Sec ity Instrument is a construction security interest which secures an obligation incurred for the construction or an improvement on the Property. 22. = ADDITIONAL TERMS. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Trustor also acknowledges receipt f a copy of this Security Instrument on the date stated on page 1. -- = -_ - - -- -� - �MICHELEFERYY SETLIK (Date) (SignaL SETLIK (Date) ACKNOWLEDGMENT: (Individual) STATE OF Nebraska ----------- This instrument was acknowledged befo: by 7EFFERY D _SETLIK, _ MICHE_L_L_: My commission expires: GENERAL NOTARY -State of TAMMY S. PP �a My Comm. Exp. _tlz Ejp � Q 1994 Bankers Systems, Inc., St. Cloud, MN Form (- C466(NE) (0401) COUNTY OF Hall. me this 16th ___ day of March., 2005 -- ______ - - -- L SETLIK (Notary Public) -NE 1/31/2003 (page 4 of 4)