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<br />200606276
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<br />D _ Trustor shall inllnediately notify Beneficiary in writing as soon as Trustor has reason to believe there is any pending
<br />or threatened investigation, claim, or proceeding relating to the release or threatened release of any Hazardous
<br />Substance or the violation of any Environmental I .aw .
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<br />12. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be
<br />required to pay to Beneficiary funds for taxes and insurance in escrow.
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<br />13. JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under
<br />this Ss~urity lnstrwnent are joint and indi~i?ual. If Trustor s.igns this Security Instrnment but does not sign an evidence of
<br />debt, I rustor does so only to mortgage I ruslor' s Illterest III the Property to secure payment of the Secured Debt and
<br />Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between
<br />Beneficiary and Trustor, Trustor agrees to waive any ri~hts that may prevent Beneficiary from bringing any action or claim
<br />ag~inst.. ~rustor or any party indebted ul)der the obll~ation. . These .rights may include, .but are not ..limited to, any
<br />anti-deficiency or one-action laws. The dUlles and benefits of thiS Secunty Instrument shall bmd and benefit the successors
<br />and assigns of Trustor and Beneficiary.
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<br />14. SEVERABILITY; INTERPRETATION. This Security Instrument is complete and fully integrated. This Security
<br />Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or
<br />any agreement related to the Secured Debt that conflicts with applicable law will not be etlective, unless that law expressly
<br />tll'iull,.t'kdl, pe,f1ntt~-tl:.::l .....a~'-btwl'itteB---ttgf(:cmcnt;.-lf--il.Io/-St:'-wn-ofthis Se.~ri1y !ll8trw:nen~ callootb~ eofnrc~d
<br />accordmg to tis terms, that sectIOn Will be severed and Will not affect the enforceability of the remalllder of tillS Secunty
<br />Instrument. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of
<br />the sections of this Security Instrwnent are' for convenience only and are not to be used to interpret or define the terms of
<br />this Security Instrwnent. Tune is of the essence in this Security Instrwnent.
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<br />15. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a,
<br />successor trustee without any other formality than the designation in writing. The successor trustee, without conveyance of
<br />the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and
<br />applicable law.
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<br />16. NOTICE. lJ nless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail
<br />to the appropriate party's address on page I of this Security Instrument, or to any other address designated in writing.
<br />Notice 10 one trustor will be deemed to De notice to all trustors.
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<br />17. WAIVERS. Except to the extent prohibited by Jaw, Trustor waives all appraisement and homestead exemption rights
<br />relating to the Property,
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<br />18. LINE OF CREDIT. The Secured Debt includes a revolving line of credit. Although the Secured Debt may be reduced to a
<br />zero balance, this Security Instrument will remain in effect until released.
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<br />19. APPLICABLE LAW. This Security Instrwnent is governed by the laws as agreed to in the Secured Debt, except to the
<br />extent required by the laws of the junsdiction where the Property IS located, and applicable federal laws and regulations.
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<br />20. RIDERS. The co~en~nt~ an~ agreements of each of the riders checked below are incorporated into and supplement and
<br />amend the tenns of thiS Secunty InstrumenL
<br />[Check all applicable boxes]
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<br />QlI Ass(gnnlCnt of Lea./il;:s and Rents 0 Other",.................,............... ........................................................, .....
<br />21. D CONSTRUCTION LOAN. This Security Instrument is a construction ~ecurity im:etesl whicii-secures--an ~;bligatiOn~"-
<br />incurred for the construction of an improvement on the Property.
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<br />22. D ADDITIONAL TERMS.
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<br />SIGNATURES: By signing below, Trustor agrees to the tenns and covenants contained in this Security Instrument and in any
<br />N "'''',hIDen'''. T ,,,,tm al,o "'knowledg" receipt nf a enpy nf!hi, Security I","nmen! nn the d"'e ,tated on;:. I. ~ ,'I ~
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<br />~:L;~Yer;~~D? (s5t~;~:~;yn~l~t(}~reit~J-
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<br />ACKNOWLEDGMENT:
<br />STATE OF .~~~r~~.~~...................................., COUNTY OF .~.~I.I....... ...... ..................................} ss.
<br />Thi' i"dr"m^~' ....." .."L-nrowlpcl,-,pcl h('fM(' m('thi~ 10th __ __....... dav of . rv1~rc_~,)096__ __ _ __........................
<br />byHerman" ~~.. ~.~yer and Joanne G. M~,er ~ husband and wife ~ Thomas A~~~~ ..<;1~~ ..~~~~a
<br />My commission expires: 12.29-2007 ~~~..~~ ...~~S~h band and wife
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<br />~ GENERAL NOTARY" State of Nebraska ). . -:-.---:-:-. -:-. ~y Public)
<br />~ GLORIANN R. HODSON G10riann R. Hodson
<br />My Comm. Exp. Dee. 29. 2fIll7
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<br />(hKlividual)
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<br />Exj5iiire.,@ lij) .1994 Bankors Systoms, Inc., St, Cloud, MN Form OCP-REDT-NE 5/10/2005
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<br />(pag8 4 of 4)
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