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<br />200701284
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<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 and Grantor will pay
<br />for the insurance on Lender's demand. Lender may demand that Grantor pay for the insurance all at once, or
<br />Lender may add the insurance premiums to the balance of the Secured Debts and charge interest on it at the
<br />rate that applies to the Secured Debts. This insurance may include coverages not originally required of Grantor,
<br />may be written by a company other than one Grantor would choose, and may be written at a higher rate than
<br />Grantor could obtain if Grantor purchased the insurance. Grantor acknowledges and agrees that Lender or one
<br />of Lender's affiliates may receive commissions on the purchase of this insurance,
<br />19. ESCROW FOR TAXES AND INSURANCE. Grantor will not be required to pay to Lender funds for taxes and
<br />insurance in escrow.
<br />20. CO-SIGNERS. If Grantor signs this Security Instrument but is not otherwise obligated to pay the Secured
<br />Debts, Grantor does so only to convey Grantor's interest in the Property to secure payment of the Secured
<br />Debts and Grantor does not agree by signing this Security Instrument to be personally liable on the Secured
<br />Debts. If this Security Instrument secures a guaranty between Lender and Grantor, Grantor agrees to waive any
<br />rights that may prevent Lender from bringing any action or claim against Grantor or any party indebted under
<br />the obligation. These rights may include, but are not limited to, any anti-deficiency or one-action laws.
<br />21. 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 />22. APPLICABLE LAW. This Security Instrument is governed by the laws of Nebraska, the United States of
<br />America, and to the extent required, by the laws of the jurisdiction where the Property is located, except to the
<br />extent such state laws are preempted by federal law.
<br />23. 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. If this Security Instrument secures a guaranty
<br />between Lender and Grantor, Grantor agrees to waive any rights that may prevent Lender from bringing any
<br />action or claim against Grantor or any party indebted under the obligation. These rights may include, but are
<br />not limited to, any anti~deficiency or one-action laws. Grantor agrees that Lender and any party to this Security
<br />Instrument may extend, modify or make any change in the terms of this Security Instrument or any evidence of
<br />debt without Grantor's consent. Such a change will not release Grantor from the terms of this Security
<br />Instrument. The duties and benefits of this Security Instrument will bind and benefit the successors and assigns
<br />of Lender and Grantor.
<br />24. 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 and any other documents relating to
<br />the Secured Debts are the complete and final expression of the agreement. If any provision of this Security
<br />Instrument is unenforceable, then the unenforceable provision will be severed and the remaining provisions will
<br />still be enforceable,
<br />25. 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 />26. NOTICE, FINANCIAL REPORTS, ADDITIONAL DOCUMENTS AND RECORDING TAXES. Unless otherwise
<br />required by law, any notice will be given by delivering it or mailing it by first class mail to the appropriate
<br />party's address listed in the DATE AND PARTIES section, or to any other address designated in writing. Notice
<br />to one Grantor will be deemed to be notice to all Grantors, Grantor will inform Lender in writing of any change
<br />in Grantor's name, address or other application information. Grantor will provide Lender any financial
<br />statements or information Lender requests. All financial statements and information Grantor gives Lender will
<br />be correct and complete. Grantor agrees to pay all expenses, charges and taxes in connection with the
<br />preparation and recording of this Security Instrument. Grantor agrees to sign, deliver, and file any additional
<br />documents or certifications that Lender may consider necessary to perfect, continue, and preserve Grantor's
<br />obligations under this Security Instrument and to confirm Lender's lien status on any Property, and Grantor
<br />agrees to pay all expenses, charges and taxes in connection with the preparation and recording thereof. Time is
<br />of the essence.
<br />SIGNATURES. By signing, Grantor agrees to the terms and covenants contained in this Security Instrument.
<br />Grantor also ack edges receipt of a copy of this Security Instrument.
<br />GRANTO ..;;;"..~. ~
<br />. ";(If~ ---?C---~ .'
<br />Oscar DErives
<br />Ind"'~dually ~
<br />~ ill!v\lf~~
<br />Nancy L Eriv
<br />Individually
<br />LENDER: ...... ..'__ ....? )
<br />Platte Valley s~e'.~1irru~t c.om~y
<br />B..... ~) 'm---r;
<br />Yo';"'"" \ . b ,/
<br />Kris Jerke, ~ercial Lo/(ding Officer
<br />/
<br />
<br />i~ - {~A~
<br />
<br />Oscar DErives
<br />Nebraska Deed Of Trust
<br />NE/4XX28424000005900005586014020707Y
<br />
<br />@1996 Bankers Systems, Inc., St. Cloud, MN ~
<br />
<br />Initials
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