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'II b I" d 'd d' h' eS " I Th" fed ' 2b~ 06 Oh 86 95 WI e app Ie as provl e In t IS ecurlty nstrument. IS assignment 0 procee s IS su Ject to t e terms of any prior mortgage, deed of trust, security agreement or other lien document. 18. INSURANCE. Grantor agrees to keep the Property insured against the risks reasonably associated with the Property. Grantor will maintain this insurance in the amounts lender requires. This insurance will last until the Property is released from this Security Instrument. What lender requires pursuant to the preceding two sentences can change during the term of the Secured Debts. Grantor may choose the insurance company, subject to lender's approval, which will not be unreasonably withheld. All insurance policies and renewals will include a standard "mortgage clause" and, where applicable, "loss payee clause." Grantor will give lender and the insurance company immediate notice of any loss. All insurance proceeds will be applied to restoration or repair of the Property or to the Secured Debts, at lender's option. If lender acquires the Property in damaged condition, Grantor's rights to any insurance policies and proceeds will pass to Lender to the extent of the Secured Debts. Grantor will immediately notify lender of cancellation or termination of insurance. If Grantor fails to keep the Property insured, lender may obtain insurance to protect lender's interest in the Property and Grantor will pay for the insurance on lender's demand. Lender may demand that Grantor pay for the insurance all at once, or Lender may add the insurance premiums to the balance of the Secured Debts and charge interest on it at the rate that applies to the Secured Debts. This insurance may include coverages not originally required of Grantor, may be written by a company other than one Grantor would choose, and may be written at a higher rate than C3rantor could obtain if Grantor purchased the insurance. Grantor acknowledges and agrees that lender or one of Lender's affiliates may receive commissions on the purchase of this insurance. 19. ESCROW FOR TAXES AND INSURANCE. As provided in a separate agreement, Grantor agrees to pay to Lender funds for taxes and insurance in escrow. 20. CO-SIGNERS. If Grantor signs this Security Instrument but is not otherwise obligated to pay the Secured Debts, Grantor does so only to convey Grantor's interest in the Property to secure payment of the Secured Debts and Grantor does not agree by signing this Security Instrument to be personally liable on the Secured Debts. If this Security Instrument secures a guaranty between lender and Grantor, Grantor agrees to waive any rights that may prevent lender from bringing any action or claim against Grantor or any party indebted under the obligation. These rights may include, but are not limited to, any anti-deficiency or one-action laws. 21. SUCCESSOR TRUSTEE. lender, at lender's option, may from time to time remove Trustee and appoint a successor without any other formality than the designation in writing. The successor trustee, without conveyance of the Property, will succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and applicable law. 22. WAIVERS. Except to the extent prohibited by law, Grantor waives all appraisement and homestead exemption rights relating to the Property. 23. OTHER TERMS. The following are applicable to this Security Instrument: A. Construction loan. This Security Instrument secures an obligation created for the construction of an improvement on the Property. 24. APPLICABLE lAW. This Security Instrument is governed by the laws of Nebraska, the United States of America, and to the extent required, by the Inws of the jurisdiction where the Property is located, except to the extent such state laws are preempted by federal law. 25. JOINT AND INDIVIDUAL LIABILITY AND SUCCESSORS. Each Grantor's obligations under this Security Instrument are independent of the obligations of any other Grantor. lender may sue each Grantor individually or together with any other Grantor. Lender may release any part of the Property and Grantor will still be obligated under this Security Instrument for the remaining Property. Grantor agrees that lender and any party to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any evidence of debt without Grantor's consent. Such a change will not release Grantor from the terms of this Security Instrument. The duties and benefits of this Security Instrument will bind and benefit the successors and assigns of Lender and Grantor. 26. AMENDMENT. INTEGRATION AND SEVERABILITY. This Security Instrument may not be amended or modified by oral agreement. No amendment or modification of this Security Instrument is effective unless made in writing and executed by Grantor and lender. This Security Instrument and any other documents relating to the Secured Debts are the complete and final expression of the agreement. If any provision of this Security Instrument is unenforceable, then the unenforceable provision will be severed and the remaining provisions will still be enforceable. 27. INTERPRETATION. Whenever used, the singular includes the plural and the plural includes the singular. The section headings are for convenience only and are not to be used to interpret or define the terms of this Security Instrument. 28. NOTICE, FINANCIAL REPORTS, ADDITIONAL DOCUMENTS AND RECORDING TAXES. Unless otherwise required by law, any notice will be given by delivering it or mailing it by first class mail to the appropriate party's address listed in the DATE AND PARTIES section, or to any other address designated in writing. Notice to one Grantor will be deemed to be notice to all Grantors. Grantor will inform lender in writing of any change in Grantor's name, address or other application information. Grantor will provide lender any financial statements or information lender requests. All financial statements and information Grantor gives lender will be correct and complete. Grantor agrees to pay all expenses, charges and taxes in connection with the preparation and recording of this Security Instrument. Grantor agrees to sign, deliver, and file any additional documents or certifications that lender may consider necessary to perfect, continue, and preserve Grantor's obligations under this Security Instrument and to confirm lender's lien status on any Property, and Grantor agrees to pay all expenses, charges and taxes in connection with the preparation and recording thereof. Time is of the essence. Z1H:hurV S, M~dur Nebraska Deed Of Trust NEI4XX284240009371 00005187021 091906Y @1996 Bankers System.. Inc" St. Cloud, MN Ex(5iiid." Initial. Page 4