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, ,. 200802388 D. Tmstor shall immediately notify Beneficiary in writing as soon as Tmstor 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 Law. 12. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Tmstor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 13. JOINT A~D INDIVIDUA~ ~IABI~ITY; CO-SIGNERS; .SUC~ESSOR.S AND ASSIGNS BOUND: All dut~es under, this Secunty Instrument are JOint and mdlvldual. If Trustor SIgns thIS Secunty 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 bc personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim aga.inst . rr:rustor or any party ind~~ted uI?-der the obligatio!!. . These ~ights may include, .but are not .limited to, any antI-deficiency or one-action laws. Ihe duttes and benefits of thiS Secunty Instrument shall bmd and benefit the successors and assigns of Tmstor and Beneficiary. SEVERABILITY; INTERPRETATION. This Security Instrument is complete and fully integrated. This Security Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured Debt that cont1icts with applicable law will not be effective, unless that law expressly or impliedly permits the variati~ns b>: written agreement; If any section of ~his Se~~lrity Instrumen~ canno~ ~ enforc~d according to ItS terms, that section WIll be severed and Will not affect the enforceablhty of the remamder 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 terms of this Security Instrument. Time is of the essence in this Security Instmment. 14. 15. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor trustee without any other form~lity than the design~tion in writing. Thee successor tru~tee, wi~out conveyance of the Property, shall succeed to all the title, power and duties conferred upon frustee by thiS Secunty Instrument 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 t~e appropriate par~y's address on page .~ of this Security lnstmment, or to any other address designated in writing. Notlce to one trustor WIll be deemed to be notlce to all trustors. 17. WAIVERS. Except to the extent prohibited by law, Tmstor waives all appraisement and homestead exemption rights relating to the Property. 18. LINE 01<' 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. APPLICABLE LAW. This Security Instrument is governed by the laws as agreed to in the Secured Debt, except to the extent required by the laws of the jUflsdiction 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 boxes] o Assignment of Leases find Rents_ [:LQ!lteL,.. .....,.....,...,.......... ,..-,.,......"..... ';_' ............... ............... ...................... 21. 0 CONSTRUCTION LOAN. This Security Instrument is a construction seciirity interest which secunis an obligation incurred for the construction of an improvement on the Property. 22. 0 ADDITIONAL TERMS. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Trustor also acknowledges receipt of a copy of this Security Instmment on the date stated on page 1. ............... 0Jhv.1.~~~~.......................~I~~I~~ .. ~.~ A. /2 ~/)L_'''-) 3~1!pi: (Sigllilture) JER~'l. JENSEP'~ (Date) - (S,~ KlMBERl~ENSEN' ",:.~:..-;-;.......... . (l)ate)" ACKNOWLEDGMENT: STATE OF .~.E.~~~.~~~...................................., COUNTY OF . ~.~~~..............................................} ss. (Individual) This instrument was acknowledged before me this . )~.~~.............. day of . ~~~.~~~ ?qq~................................... by . ~~R~~.X~; .J.~~~.E.~;. ~.I~~~~.~X A.A~~.~~~I.~~~.~~~.q .~~~ WI.~~....~.......... .... .............. .................................... My commission expires: GENE.RAL NOii\RY . State 0 plpN~braSKa ........ .. .. .. .. .. .. .. . .. STEVE pO ~ \\1 M Comm. E.x . A ri\ 29, 2008 TEVE POPPE ~ @ 1994 Bankers Syslems.lnc.. SI. Cloud, MN Form OCP-REDT-NE 6/10/2006 (page 4 of 4)