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200608879 All insurance PQlicies and renewals will include a standard "mQrtgage clause" and, where applicable, "IQSS payee clause." If required by lender, GrantQr agrees to. maintain cQmprehensive general liability insurance and rental IQSS Qr business interruptiQn insurance in amQunts and under PQlicies acceptable to. lender. The cQmprehensive general liability insurance must name lender as an additiQnal insured. The rental IQSS Qr business interruptiQn insurance must be in an amQunt equal to. at least CQverage Qf one year's debt service, and required escrQW aCCQunt depQsits (if agreed to. separately in writing). GrantQr will give lender and the insurance cQmpany immediate nQtice Qf any IQss. All insurance prQceeds will be applied to. restQratian Qr repair Qf the PrQperty Qr to. the Secured Debts, at lender's QPtiQn. If lender acquires the Praperty in damaged cQnditiQn, Grantar's rights to. any insurance PQlicies and prQceeds will pass to. lender to. the extent Qf the Secured Debts. Grantar will immediately nQtify lender af cancellatian ar terminatiQn Qf insurance. If Grantar fails to. keep the Property insured, lender may Qbtain insurance to. prQtect lender's interest in the Praperty and Grantar will pay far the insurance Qn lender's demand. lender may demand that Grantar pay far the insurance all at Qnce, Qr lender may add the insurance premiums to. the balance af the Secured Debts and charge interest Qn it at the rate that applies to. the Secured Debts. This insurance may include CQverages nQt ariginally required af Grantar, may be written by a CQmpany ather than ane GrantQr WQuld chQase, and may be written at a higher rate than GrantQr CQuld Qbtain if Grantar purchased the insurance. Grantor acknawledges and agrees that lender Qr Qne Qf lender's affiliates may receive cQmmissians an the purchase Qf this insurance. 19. ESCROW FOR TAXES AND INSURANCE. As prQvided in a separate agreement, GrantQr agrees to. pay to. lender funds far taxes and insurance in escrQw. 20. CO-SIGNERS. If GrantQr signs this Security Instrument but is nQt atherwise abligated to. pay the Secured Debts, Grantor dQes so. Qnly to. canvey GrantQr's interest in the Praperty to. secure payment Qf the Secured Debts and GrantQr dQes nat agree by signing this Security Instrument to. be persQnally liable an the Secured Debts. If this Security Instrument secures a guaranty between lender and Grantar, Grantar agrees to. waive any rights that may prevent lender fram bringing any actiQn Qr claim against Grantar Qr any party indebted under the abligatian. These rights may include, but are nQt limited to., any anti-deficiency Qr ane-actian laws. 21. SUCCESSOR TRUSTEE. lender, at lender's QPtian, may frQm time to. time remQve Trustee and apPQint a successar withQut any ather farmality than the designatiQn in writing. The successar trustee, withaut canveyance af the PrQperty, will succeed to. all the title, pawer and duties canferred upan Trustee by this Security Instrument and applicable law. 22. CONSTRUCTION LOAN. This Security Instrument secures an abligatian incurred far the canstructian af an improvement an the PrQperty. 23. APPLICABLE lAW. This Security Instrument is gQverned by the laws Qf Nebraska, the United States af America, and to. the extent required, by the laws af the jurisdictian where the Praperty is lacated, except to. the extent such state laws are preempted by federal law . 24. JOINT AND INDIVIDUAL LIABILITY AND SUCCESSORS. Each Grantar's Qbligatians under this Security Instrument are independent Qf the abligatiQns af any ather Grantar. lender may sue each Grantar individually ar tQgether with any Qther Grantar. lender may release any part Qf the PrQperty and Grantar will still be Qbligated under this Security Instrument fQr the remaining Praperty. GrantQr agrees that lender and any party to. this Security Instrument may extend, madify ar make any change in the terms Qf this Security Instrument ar any evidence Qf debt withaut Grantar's cansent. Such a change will nat release Grantar fram the terms af this Security Instrument. The duties and benefits af this Security Instrument will bind and benefit the successars and assigns Qf lender and GrantQr. 25. AMENDMENT, INTEGRATION AND SEVERABILITY. This Security Instrument may nat be amended or madified by aral agreement. No. amendment ar madificatiQn Qf this Security Instrument is effective unless made in writing and executed by Grantar and lender. This Security Instrument and any Qther dacuments relating to. the Secured Debts are the camplete and final expressian af the agreement. If any prQvisian Qf this Security Instrument is unenfarceable, then the unenfQrceable pravisian will be severed and the remaining prQvisiQns will still be enfQrceable. 26. INTERPRETATION. Whenever used, the singular includes the plural and the plural includes the singular. The sectiQn headings are fQr canvenience anly and are nat to. be used to. interpret Qr define the terms af this Security Instrument. 27. NOTICE. FINANCIAL REPORTS. ADDITIONAL DOCUMENTS AND RECORDING TAXES. Unless Qtherwise required by law, any nQtice will be given by delivering it Qr mailing it by first class mail to. the apprapriate party's address listed in the DATE AND PARTIES sectiQn, Qr to. any ather address designated in writing. Natice to. ane GrantQr will be deemed to. be nQtice to. all Grantars. Grantar will infarm lender in writing Qf any change in Grantar's name, address ar Qther applicatian infarmatiQn. Grantar will prQvide lender any financial statements ar infQrmatian lender requests. All financial statements and infQrmatiQn Grantar gives lender will be carrect and camplete. Grantor agrees to. pay all expenses, charges and taxes in cannectiQn with the preparatian and recarding Qf this Security Instrument. Grantar agrees to. sign, deliver, and file any additiQnal dQcuments ar certificatiQns that lender may cansider necessary to. perfect, cQntinue, and preserve Grantar's abligatians under this Security Instrument and to. cQnfirm lender's lien status Qn any Praperty, and Grantar agrees to. pay all expenses, charges and taxes in cannectian with the preparatiQn and recQrding thereaf. Time is af the essence. SIGNATURES. By signing, GrantQr agrees to. the terms and caven ants cQntained in this Security Instrument. Grantar also. acknQwledges receipt af a CQPy Qf this Security Instrument. GRANTO'tl. 11, I md Sh~~f~~' t 1:fkf Individually LENDER: Platte Valley State Bank & Trust By Jah Sheila K Axford Nebraska Deed af Trust NE/4XX28424000937100005187018100205Y @1996 8ankers Systems, Inc., St. Cloud, MN ~ Initials Page 5