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t i a '� .� C;. e A �;. 4.. 2 0� O O V� o�
<br />NO WAIVER. No delay or failure of Lender to exercise any right, remedy, power or privilege hereunder shall
<br />affect that right, rernedy, power or privilege nor shall any single or partial exercise thereof preclude the exercise of
<br />any right, rernedy, power or privilege. No Lender delay or failure to dernand strict adhcrence to the terms of Chis
<br />Security Instrument shall be deerned to conscitute a ec�urse of conduct inconsistent with I.ender's right at any time,
<br />before or after an event of default, to demand strict adherence to the terms oF this Security Instrument and the
<br />Related Documents.
<br />SUBSTiTUTE TRUSTEE. Lender, at its option, may from tizne to time remove Trustee and appoint a successor
<br />trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security
<br />Instrument is recorded. Without conveyance of the 1'roperty, the successor trustee shall succeed co all the title,
<br />power and duties cc7nferred upon Trustee herein and by applicable law.
<br />J�INT AND SEVERAL LIABILITY. If this Security Instrument should be signed by more than one person, all
<br />persons executing this Security Instrurnent agree that they shall be jaintly and severally bound, where permitted by
<br />law.
<br />SURVIVAL. Lender's rights in this Security Instrument wrll continue in its successors and assigns. This Security
<br />Instrument is binding on all heirs, execucors, administrators, assigns and successors of Grantor.
<br />NOTICES AND WATVER O�' NOTICE. Unless otherwise required by applicable law, any notice or dernand
<br />given by Lender to any party is considered effective when it is deposited in the United States Mail with the
<br />appropriate postage. A copy of any notice shall be mailed to each party at the address of the party given at the
<br />beginning of this Security Instrument unless an alternative address has been provided to T_.endet in writing. To the
<br />extent permitted by law, Grantor warves notice of Lender's acceptance of this Security Instrurnent, defenses based
<br />on suretyship, any defense arising from any election by I.ender under the Unit�d States Bankruptcy Code, Unifor►tt
<br />Commercial Code, as enacted in the state where L,ander is located or other applicable law or in equity, demand,
<br />notice of acceleration, notice of nonpayment, presentrnent, protest, notice of dishon�r and any other notice.
<br />REQUEST FOR NOTICES: Grantor requests that copies of Che noticc of default and notice of sale be sent to the
<br />address of each party given at the beginning of the Security Instrument.
<br />TO THE EXTENT PERMITTED BY I.AW, GRANTUR WAIVES ANY RIGHT TO N�TICE, OTHER
<br />THAN THE NOTICE PROVIDED ABOVE, AND WAIVES ANY RIGHT TO ANY HEARING,
<br />,]UDICIAL OR OTHERWISE, PRIOR TO LENDER EXERCISING ITS RIGHTS UNDER THIS
<br />SECURITY INSTRUMENT.
<br />WAIVER OF APPRAISEMENT RIGHTS. Grantor waives all appraisement rights relating to the I'roperty to
<br />the exCent permitted by law.
<br />L�NDER'S EXFENSES. Grantor agrees to pay all expenses incurred by I.ender in connection with enforcement
<br />of its rights under the Indetatedness, this Security Instrument or in the event Lender is made party to any litigation
<br />because of Che existence of the Indebtedness or this Security Instrument, as well as court costs, collection charges
<br />and reasonable attorneys' fees and disbursements.
<br />A$SIGNABILITY. I.ender may assign or otherwise transfer this Security Instrument or any of Lender's rights
<br />under this Security Instrument without nUtice to Grantor. Grantor may not assign this Security Instrument or any
<br />part of the Security Instrument without the express written consent of L.ender.
<br />GOVERNING LAW. This Security Instrurnent will be governed by the laws of the State of Nebraska including
<br />all proceedings arising frorn chis Security Instrument.
<br />SEVERABILTTY. If a court af competent jurisdiction determines any term or provision of this Security
<br />Instrument is invalid or prohibited by applicable law, that terrn or pravision wili be ineffective to the extent
<br />required. Any term or provisinn thaC has been determined to be invalid or prohibited will be severed from the rest
<br />of the Security Instrument without invalidating the rernainder of either the affecCed prnvision or this Security
<br />Instrument.
<br />UNIFORM COMMERC�AL CODE (U.C.C.) Grantor grants to Lender a security interest in all goods that
<br />Grantor owns now or in the future and that are or will become fixtures related ta the Property. Grantor agrees that
<br />this Security Instrument shall su�fice as a financing statement and may therefore be filed of record as a financing
<br />staternent for the purposes of Article 9 of th� Uniform Commercial Code. Grantnr authorizes L,ender to file any
<br />financing statements required under the Uniform Commercial Code.
<br />ENTIRE AGREEMENT OF THE PARTIES. This agreement, including all agreements referred to or
<br />incorporated into this agreement, constitutes the entire agreement between the parties relating to the subject matter
<br />of this agreernent. This agreernent supersedes all prior oral or written agreements, cornmitments and
<br />understandings between the parties relating to the subject matter of this agreement and cannot be changed ar
<br />terminated ��rally, and shall be deemed effective as of the date noted above.
<br />By signing this Security Instrument, each Grantor acknowledges that all provisians have been read and
<br />understood. Signed and sealed by Grantor(s):
<br />� �� / �
<br />�!�
<br />Tedd Rabb Date
<br />Tndividually
<br />Cc� 20(W-2q1q CnmpGance Systzms, Inc. F)47-P'136C - 2U10.05.365
<br />Cnmmercial Real Hstate Security Instrument - UTAq07 Pagz 4 of 5 www.cnmpliancesyretems.cnm
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