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,�� 2oioos2l� D. Trustor shall immediately notify Beneficiary in writing as soon as Trustor has reasan to believe there is any pending or threatened investigat�on, claim, ar prac�eding reIating 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, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 13. JOINT AND INDIVIDi7AL LIABILITY� CO-SIGNERS; SUCCESSORS AND ASS�GNS BOCTND. All duties under this Security Instrument are joint and individual. If Trustor signs this Security Instrument but does not si n an evidence of debt, Trustor does so only to mortgage Tnxstor's interest in the Property to secure payment of the �ecured Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and "I'rustor, T'rustor agrees to waive az�y rights tk�at �xzay prevent Bene�iciary from bringing any action or claim against Trustor ar any party indebted under the obligation. These rights may iz�clude, but are not limited to, any anti-deficiency or one-action laws. The duties and benefits of this Security Instrument shall bind and benefit ttae successors and assigns of Trustar and Beneficiary. 14. SEVERABILITY; INTERFRETATION. This Security Instrument is complete and fully integrated. This Security Instrument may not be amended nr rnodified by oral agreement. Any section in this Security Instruzz�ent, attachznents, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that 1aw expressly or iznpliedly permits the variations by written agreement. If arry section of this SecuriCy Instrument cannot be enforced according to its terms, that section will be severed ar►d will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall include the plural and the plural the singular. Th� 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 Instrument. 15. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary 's option, may , from time to tixne remove Trustee and appoint a successar trustee without any other formality than the designation m writing. The successor trustee, without conveyance of the Pcoperty, shall succeed to all the title, power and duties conferred upon 'l�rustee by this Security 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 the appropriate party's address on page 1 of this Security Instrument, or to any nther address designated m writing. Notice to one trustor will be deemed to be notice to all trustors. 17. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exeznption rights relating to the Property. 18. LINE O�' CREDIT. The Secured Debt includes a revolving line nf credit. Although the Secured Debt may be reduced to a zero balance, this Security Instrunaent will rennain in effect until released. 19. AP�'LICA�i.E 1.AW. 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 jurisdiction 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] ❑ Assignment of Leases and Rents ❑ Other ............................................................................................. 21. ❑ CONSTRUCTION LOAN. This Security Instrument is a construction security interest which secures an obligation incurred for the construction of an improven�ent on the Froperty. 22. ❑ ADDITIONAL TERMS. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Tnstrument and in any attachments. Trustor also acknowledges receipt of a copy af this Security Instrument on the date stated on page 1. �� ,�7 �� ► a /� l . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I. . . . . �. . . . . . . . . r. �. . . . . . . . . . . . . . . . . . . . . . . . . . . . � .Q. .. .. .... . . .� (Dace) (5�g aturc) ( ate) Samuel Trausch ICeI y E Trausch ACKNOWLEDGMENT: STATE OF ..... rr�slzASxA ............................ COUNTY OF ......xA?;L.......................................} ss. (Individual) This instz'unnent was acknowledged before me this ......$t�......... day of ...4Ctnber ,....2,010 ......................... b .... SAM[7EL . TRAUSCH, AND„KELSEY . E. TR.AUSCH My conlmission expires: May 2 7, 2 012 • � . . �,�� . . . �. . .��. � . . . . . . . . . . . . . . . . . . . (Notary Pu �c) CHRISTINA M. KORTE �NERAL NOTARY-5tate of Nebraska CHRISTINA M. KQRTE �. ` My Comm, �xp. Feb. 27, 2012 EJ�I°�. 8 1994 9ankers Systems, Inc., St. Cloud, MN Form OCP-REDT-NE 1/31l2003 /pdgB 4 Of 4J