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.. t .- 200602553 D. Trustor shall inunediately 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 or threatened release of any Hazardous Substance or the violation of any Environmental I ,aw_ 12. ESCROW li'OR 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; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrwnent are joint and individual. If Trustor signs this Security Instrument but does not sign an evidence of debt, Trustor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If tbis Security Instrwnent secures a guaranty between Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim agil;inst.. ~rustor or any party indebted uJ:t.der the obl~lSation. . These ~ights may include, .but arc not ..limited to, any anti-defIcIency or one-actIOn laws. The duttes and benehts of this Secunty Instrwnent shall bmd and benefll the successors and assigns of Trustor and Beneficiary. 14. SEVERABILITY; INTERPRETATION. This Security Instrwnent is complete and fully integratcd. This Security Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement rclated to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or imp'liedly pennits the variati?ns b)' written agreement: If any .~ection of this Se.c!lrity lnstrumen~ canno~ b~ e!lforc~d according to Its terms, that Sl:ctlOn Will be severed and Will nor affect the enforceability of the remalllder of thiS Secunty 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 or define the tenns of this Security I nstrument. Time is of the essenl:e 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 fonnality than the designation in writing. The successor trustee, without conveyance of the Property, shall succeed to all the tille, power and duties conferred upon Trustee by this Security Instrwnent 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 to 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 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. APPLICA~LE LAW. This. Secl!-rit)' ~ns.trument is governed by the laws as agre~d to i~ the Secured Debt, ex.cept to the extent required by the laws of the JunsdlctlOn where the Property IS located, and applicable federal laws and regulatIOns. 20. 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. [Check all applicable boxesl DlI Assignment of Leases and Rents 0 Other. _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . :letJ CONStRt.1"CTllJN" rOAN. ThiS-Security InstrUl1lentTs a construction security interest which secures an obligation incurred for the construction of an improvement on the Property. 22. 0 ADDITIONAL TERMS. SIGNATURES: By signing below, Trustor agrees to the tcnns and covenants contained in this Security Instrument and in any attachme ts. Trustor also acknowledgcs receipt of a copy of this Security Ins mem on the date stated on page I. (St C ji4J. ~~"H2?: (:1)~- (;;i.;;'~;J . e;L~wf::~~c;4' H:3(D:; DG ACKNOWLEDGMENT: STATE or .~~~r~.s.~~........ _..........................., COUNTY OF ....................................................} ss. This instrument was acknowledged before me this .?n~.... _.......... day of . fI(1~.r.c.~,)99~.................................. ~Y:~':~;l;;~~::i.:~~;;::;i_f.er .L:. ~q~i.~~!,. ~.~~~.and_ a.n.~ '9~~""'" ..... . ..'...... ..~ ~..................~. _ _....... . "'- '~""d ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (Notary Public) (1I:lI:livicllJ:ll) ~. GENERAL NOTARY - State of Nebraska GLORIANN R. HODSON ..-;__ m My Comm. Exp. Dec_ 29. 2007 ~@ @ 1994 Bankers Systoms, Ino.. St. Cloud, MN Form OCP-REDT-NE 5/10/2005 (page 4 of 4)