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201iO4589 D. Trustor shall immediately notify Beneficiary in writing as soon as Trustor has reason to believe there is any pending or threatened investigation, clatm, or proceeding relating to the release or threatened release of any Aazardous Substance or the violation of any Environmental Law. 12. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor wi(1 not be required to pay to Beneficiary funds for taxes and insurance in escrow. 13. JOINT AND INDIVIDUAL LIABILTTY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOi1ND. All duties under this Security Instrument are joint and individual. If Trustor signs this 5ecurity 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 be 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 against Trustor or any parry indebted under the ob[i�ation. These rights may include, but are not lunited to, any anti-deficiency or one-action laws. The duties and benefits of this 5ecuriry Instrument shall bind and benefit the successors aud assigns of Trustor and Beneficiary. 14. SEVERABILITY; INTERPRETATION. This Security Instrument is complete and fully integrated. This Securiry Instrument may not be amended or modified by oral agreement. Any section in this Securiry Instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or in�pliedly ne�xnits tt�e variat�ons b� written agr.eerrien2. If any sECt'►.ou of thi� Secur4ry InsKru�nent �.annat be enforGed according to its terms, that section will be severed and will not affect the enforceabiliry of the remainder of this Security Instrument. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Securit� Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Instrument. Tune is of the essence in this Securiry Instrument. 15. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary 's option, may from time to time remove Trustee and appoint a successor trustee without any other formaliry than the designation m writmg. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee 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 other address designated in writing. Notice to one trustor will be deemed to 6e notice to all trustors. 17. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Property. 18. LINE OF CREDTT. 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 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. ❑ CONS`TRUCTION LOAN. This Securiry Instrument is a construction security interest which secures an obligation incurred for the construction of an improvement on the Property. 22. ❑ ADDTTIONAL TERMS. SIGNATLTRES: 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 Instrument on the date stated on page 1. ....... . . .... . . .. .�: . .. . ............................. (Signac re) Way . Bockmann (Da�e) ........�........ .. � .. ............................................ (Signacure) Kay , E. ckmann (Dace) ACKNOWLEDGMENT: STATE OF ,Nebraska , COUNTY OF ..............7!�� } .............. ....... ........................... ss. ... ... .......... . . �m'"ia»a'> This instrument was acknowledged before me this .? Oth ,,,., day of . �anuary, 2011 ................. b Wa�ne W. Bockmann; Kay . E Backmann, Husband and Wife ..................... .^ ............ ................... ........ . ..... ... My commission expires: . c�uu. �aram - ssma a r�aska . . . . . . . . . . . . . ��. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (Notary Public) . .. TERRY K RATHMAN My t�Omm. E�. Od. 21� 2013 �� O 1994 Banke�s Systems, Inc., St. Cloud, MN Form OCP-REDT-NE 5/10/2005 /page 4 of 4/