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<br />24110320�
<br />D. Trustor shall immediately notify Beneficiary in wr�i�ing as soon as Trustor has reason to believe there is any pending
<br />or threatened investigarion, claim, or proceeding 'relating to the release or threatened release of any Hazardous
<br />Substance or the violation of any Environmental Law.
<br />12. ESCROW FOR 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.
<br />13. JOINT AND INDIVIDUAL LIABILITY? CO-SIGNERS; 5UCCESSORS AND ASSIGNS BOUND. All duties under
<br />this Security Instrument are joint and individual. If Trustor signs this Security Instrument but does not sign an evidence of
<br />debt, Trustor does so only to mortgage Trustor's interest in the Prope to secure payment of the Secured Debt and
<br />Trustor does not agree to be personally liable on the Secured Debt. If this�ecuri Instrument secures a guaranty between
<br />Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Bene�iciary from bringing any action or claim
<br />against Trustor or any party indebted under the obligation. These rights may include, but aze not limrted to, any
<br />anti-deficiency or one-action laws. The duties and benefits of this Security Instrument sha11 bind and benefit the successors
<br />and assigns of Trustor and Beneficiary.
<br />14. SEVERABILITY; IN1'ERPRETATION. This `Se,�urity 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, or
<br />any agreement related to the Secured Debt that conflicts with applicable law will not be effectrve, unless that law expressly
<br />or unpliedly permits the variations by written agreement If any section of this Security Instrument cannot be enforced
<br />according to its terms, that section will be severed and v�nll not affect the enforceability of the remainder of this Security
<br />Instrument. Whenever used, the singular sha11 include the plural and the plural the singular. T'he captions and headings of
<br />the sections of this Security Instrument are for convenience only and are not to be used to interpret or define the terms of
<br />this Security Instrument. Tune is of the essence in this $ecurity Instrument.
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<br />15. SUCCESSOR TRUSTEE. Beneficiary, at Benefi�iary''s option, may , from time to time remove Trustee and appoint a
<br />successor trustee without any other formality than'the de"signarion in wnting. The successor trustee, without conveyance of
<br />the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and
<br />applicable law.
<br />16. NOTICE. Unless otherwise required by law, any notice: sha11 be given by delivering it or by mailing it by first class mail
<br />to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing.
<br />Notice to one trustor will be deemed to be notice to all trustors.
<br />17. WAIVER5. Except to the extent prohibited by law, Trustor waives a11 appraisement and homestead exemption rights
<br />relating to the Property.
<br />18. LINE OF CREDIT. The Secured Debt includes a revolving line of credit. Although the Secured Debt may be reduced to a
<br />zero balance, this Security Instrument will remain in effect until released.
<br />19. APPLICABLE LAW. This Security Instnxment is govemed by the laws as agreed to in the Secured Debt, except to the
<br />extent required by the laws of the junsdiction where the Property is located, and applicable federal laws and regulations.
<br />20. 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] ' .:;;�.', :` '
<br />❑ Assignment of Leases and Rents ❑ Other .............................................................................................
<br />21. ❑ CONSTRUCTION LOAN. This Security Instrument is a construction security interest which secures an obligation
<br />incurred for the construction of an improvement on the Property.
<br />22. ❑ ADDITIONAL TERMS.
<br />. ,. �;
<br />� i`,i';1r':
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<br />SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any
<br />attachments. Trustor also acknowledges receipt of a copy of this Security nstrument on the dat ted on page 1.
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<br />.:. ......... . ... ............... �............ . �::�.�:-�:4:.' ° . .... . :. . . . ... . . .. . . . . . . . .. �y i�
<br />(Signature (i)'ate} ( ignature) (Date)
<br />Randy L Ammerman Sonya S erman
<br />ACKNOWLEDGMENT:
<br />STATE OF ..... Nebraska ............................ COUNTY OF ......Hall.......................................} ss.
<br />�'�`'`"`�"e`� This instrument was acknowledged before me this . . . .?.4 th, , , , , , , , , day of . . . March 2 011
<br />.....................................
<br />by ,,,,Randy„L &„Sonya„S,Ammerman both„merried,persons
<br />.... . .......................... .
<br />My commission expires: September 1,7,, : 2011
<br />... ........... (Notary Public) ....... . .. .................
<br />Brandy Jenneman
<br />� GENERAL NOTARY-State of Nebraska
<br />BRANDY JEiVtVEMAN
<br />�-�,.� PAy Comm. Exp. Sept.17, 2011
<br />�i' M OO 1994 Bankers Systems, Inc., St. Cloud, MN Form OCP-REDT-NE 1/31/2003 (pagC 4 of 4J
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