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<br />200510226
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<br />D. Trustor shall immediately notify Beneficiary in writing as soon as Trustor has reason to believe there is any
<br />pending or threatened investigation, claim, or I?roceeding relating to the release or threatened release of any
<br />Hazardous Substance or the violation of any EnVironmental Law,
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<br />12.
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<br />ESCROW .'OR 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 />.JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties
<br />under this Security Instrument are joint and individual. If Trustor signs this Security Instrument but does not sign an
<br />evidence of debt, Trustor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured
<br />Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a
<br />guaranty between Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from
<br />bringing any action or claim against Trustor or any party indebted under the obligation. These rights may include, but
<br />are not limited to, any anti-deficiency or one-action laws, The duties and benefits of this Security Instrument shall bind
<br />and benefit the successors and assigns of Trustor and Beneficiary,
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<br />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,
<br />or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law
<br />expressly or impliedly permits the variations by written agreement. If any section of this Security Instrument cannot be
<br />enforced according to its terms, that section will be severed and will not affect the enforceability of the remainder of
<br />this Security Instrument. Whenever used, the singular shall include the plural and the plural the singular. The captions
<br />and headings of the sections of this Security Instrument are for convenience only and are not to be used to interpret or
<br />define the terms of this Security Instrument. Time is of the essence in this Security Instrument.
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<br />SUCCESSOR TRU~TEE. Beneficiary, at Be,neficiary's option.. may fro?1 tim~ ,to time remove Trustee and apP?int a
<br />successor trustee Without any other formality than the deSignatiOn 10 wntmg, The successor trustee, without
<br />conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security
<br />Instrument and applicable law.
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<br />NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class
<br />mail to the appropriate party's address on page I of this Security Instrument, or to any other address designated in
<br />writing, Notice to one trustor will be deemed to be notice to all trustors.
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<br />WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights
<br />relating to the Property,
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<br />LINE OF CREDIT. The Secured Debt includes a revolving line of credit. Although the Secured Debt may be reduced
<br />to a zero balance, this Security Instrument will remain in effect until released.
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<br />APPLICABLE LAW. This Security Instrument is governed by the laws as agreed to in the Secured Debt, except to
<br />the extent required by the laws of the jurisdiction where the Property is located, and applicable federal laws and
<br />regulations,
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<br />RIDERS. The covenants and agreements of each of the riders checked below are incorporated into and supplement and
<br />amend the terms of this Security Instrument.
<br />[Check all applicable boxes]
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<br />D Assignment of Leases and Rents D Other
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<br />13.
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<br />14.
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<br />15.
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<br />16.
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<br />17.
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<br />18.
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<br />19.
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<br />20.
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<br />21.
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<br />D CONSTRUCTION LOAN. This Security Instrument is a construction security interest which secures an
<br />obligation incurred for the construction of an improvement on the Property,
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<br />22.
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<br />D ADDITIONAL TERMS.
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<br />SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in
<br />any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page I.
<br />"\
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<br />~~~_t0_ _ _0'-/'",,5'
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<br />(Signature) MICHAEL G H~ (Date)
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<br />g~~ C9 iJ0-C-~~~ j~~-_)-6j
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<br />(Signature) KATHERINE A HARGENS -0 .c_.. (Date)
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<br />ACKNOWLEDGMENT:
<br />STATE OF Nebraska , COUNTY OF Hall__ _ _ _ _ _ _ _ _ _ Jss.
<br />(Individual) This instrument was acknowledged before me this 7 th day ofOq_tQ.b~r _ 2..Q 0 li _ _ _ _ _ _ _ _
<br />by "I~~ l' _~"EI!S L ""~H,,RINE l' _HAR~'''S / ( _ _ _ _ _ _ _
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<br />My commiSSionl:eX:._i.;';~~~~'r''' _t~,-~_k~~-~
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<br />,\II "ay II'> '2006 (N otary Public)
<br />'-,,_ ,. My Comm. tlp. '" ~", ANNETTE DAVIS
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<br />~ 01994 Bankars Systems, Inc., St. Cloud. MN Form OCP-REDT-NE 113012002
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<br />G-C465INEI (0301)
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<br />(page 4 of 4)
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