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<br />B. Except as previously disclosed and acknowledged in writing to lender, Grantor and every tenant have
<br />been, are, and will remain in full compliance with any applicable Environmental law.
<br />C. Grantor will immediately notify lender if a release or threatened release of a Hazardous Substance occurs
<br />on, under or about the Property or there is a violation of any Environmental law concerning the Property. In
<br />such an event, Grantor will take all necessary remedial action in accordance with any Environmental law.
<br />D. Grantor will immediately notify lender in writing as soon as Grantor has reason to believe there is any
<br />pending or threatened investigation, claim, or proceeding relating to the release or threatened release of any
<br />Hazardous Substance or the violation of any Environmental law.
<br />18. CONDEMNATION. Grantor will give lender prompt notice of any pending or threatened action by private or
<br />public entities to purchase or take any or all of the Property through condemnation, eminent domain, or any
<br />other means. Grantor authorizes lender to intervene in Grantor's name in any of the above described actions or
<br />claims. Grantor assigns to lender the proceeds of any award or claim for damages connected with a
<br />condemnation or other taking of all or any part of the Property. Such proceeds will be considered payments and
<br />will be applied as provided in this Security Instrument. This assignment of proceeds is subject to the terms of
<br />any prior mortgage, deed of trust, security agreement or other lien document.
<br />19. INSURANCE. Grantor agrees to keep the Property insured against the risks reasonably associated with the
<br />Property. Grantor will maintain this insurance in the amounts lender requires. This insurance will last until the
<br />Property is released from this Security Instrument. What lender requires pursuant to the preceding two
<br />sentences can change during the term of the Secured Debts. Grantor may choose the insurance company,
<br />subject to lender's approval, which will not be unreasonably withheld. All insurance policies and renewals will
<br />include a standard "mortgage clause" and, where applicable, "loss payee clause."
<br />Grantor will give lender and the insurance company immediate notice of any loss. All insurance proceeds will
<br />be applied to restoration or repair of the Property or to the Secured Debts, at lender's option. If lender
<br />acquires the Property in damaged condition, Grantor's rights to any insurance policies and proceeds will pass to
<br />lender to the extent of the Secured Debts.
<br />Grantor will immediately notify lender of cancellation or termination of insurance. If Grantor fails to keep the
<br />Property insured lender may obtain insurance to protect lender's interest in the Property. This insurance may
<br />include coverages not originally required of Grantor, may be written by a company other than one Grantor
<br />would choose, and may be written at a higher rate than Grantor could obtain if Grantor purchased the
<br />insurance,
<br />20. ESCROW FOR TAXES AND INSURANCE. Grantor will not be required to pay to lender funds for taxes and
<br />insurance in escrow.
<br />21. CO-SIGNERS. If Grantor signs this Security Instrument but does not sign the Secured Debts, Grantor does
<br />so only to convey Grantor's interest in the Property to secure payment of the Secured Debts and Grantor does
<br />not agree to be personally liable on the Secured Debts. If this Security Instrument secures a guaranty between
<br />lender and Grantor, Grantor agrees to waive any rights that may prevent lender from bringing any action or
<br />claim against Grantor or any party indebted under the obligation. These rights may include, but are not limited
<br />to, any anti-deficiency or one-action laws.
<br />22. SUCCESSOR TRUSTEE. lender, at lender's option, may from time to time remove Trustee and appoint a
<br />successor without any other formality than the designation in writing. The successor trustee, without
<br />conveyance of the Property, will succeed to all the title, power and duties conferred upon Trustee by this
<br />Security Instrument and applicable law.
<br />23. WAIVERS. Except to the extent prohibited by law, Grantor waives all appraisement and homestead
<br />exemption rights relating to the Property.
<br />24. OTHER TERMS. The following are applicable to this Security Instrument:
<br />A. Construction loan. This Security Instrument secures an obligation created for the construction of an
<br />improvement on the Property.
<br />25. APPLICABLE lAW. This Security Instrument is governed by the laws of Nebraska, except to the extent
<br />otherwise required by the laws of the jurisdiction where the Property is located, and the United States of
<br />America.
<br />26. JOINT AND INDIVIDUAL LIABILITY AND SUCCESSORS. Each Grantor's obligations under this Security
<br />Instrument are independent of the obligations of any other Grantor. lender may sue each Grantor individually or
<br />together with any other Grantor. lender may release any part of the Property and Grantor will still be obligated
<br />under this Security Instrument for the remaining Property. The duties and benefits of this Security Instrument
<br />will bind and benefit the successors and assigns of lender and Grantor.
<br />27. AMENDMENT, INTEGRATION AND SEVERABILITY. This Security Instrument may not be amended or
<br />modified by oral agreement. No amendment or modification of this Security Instrument is effective unless made
<br />in writing and executed by Grantor and lender. This Security Instrument is the complete and final expression of
<br />the agreement. If any provision of this Security Instrument is unenforceable, then the unenforceable provision
<br />will be severed and the remaining provisions will still be enforceable.
<br />28. INTERPRETATION. Whenever used, the singular includes the plural and the plural includes the singular,
<br />The section headings are for convenience only and are not to be used to interpret or define the terms of this
<br />Security Instrument.
<br />29. NOTICE, FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Unless otherwise required by law, any
<br />notice will be given by delivering it or mailing it by first class mail to the appropriate party's address listed in the
<br />DATE AND PARTIES section, or to any other address designated in writing. Notice to one party will be deemed
<br />to be notice to all parties. Grantor will inform lender in writing of any change in Grantor's name, address or
<br />other application information. Grantor will provide lender any financial statements or information lender
<br />requests. All financial statements and information Grantor gives lender will be correct and complete. Grantor
<br />agrees to sign, deliver, and file any additional documents or certifications that lender may consider necessary to
<br />perfect, continue, and preserve Grantor's obligations under this Security Instrument and to confirm lender's lien
<br />status on any Property. Time is of the essence.
<br />
<br />C & v, L.L.C.
<br />Nebraska Deed Of Trust
<br />N84XX28333000815100004558033110105Y
<br />
<br />@1996 Bankers Systems, Inc., St. Cloud, MN ~
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<br />Initials
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