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<br />D. Trustor sha11 immediately notify Bene�ciary in writing as soon as Trustor has reason to believe there is any pending
<br />or threatened investiganon, 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 IN5URANCE. 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; SUCCESSORS AND ASSIGNS BOUND. All duties under
<br />this Security Instntment 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 Property to secure payment of the Secured Debt and
<br />Trustor does not agrea to be personally liable on the Secured Debt. If this 5ecurity Instrument secures a guaranty between
<br />Beneficiary and Trustor, Trustor agrees to waitve any rights that may prevent Beneficiary from bringing any action or claim
<br />against Trustor or any �arty indebted under the obligation. These rights may include, but are not lunited to, any
<br />anti-de�ciency or one-acnon laws. The duties and benefits of this Security Instrument shall bind and benefit the successors
<br />and assigns of Trustor and Beneficiary.
<br />14. 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, or
<br />any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly
<br />or imphedly permits the variations by written agreement If any section of this Security Instrument cannot be enforced
<br />according to rts terms, that section will be severed and will not affect the enforceability of the remainder of this Security
<br />Instrument. Whenever used, the singular shall include the plural and the plural the singular. The 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. Time is of the essence in this Security Instrument.
<br />15. SUCCESSOR TRUSTEE. Bene�ciary, at Beneficiary 's option, may,from time to time remove Trustee and appoint a
<br />successor trustee without any other formality than the designatton m writmg. The successor trustee, without conveyance of
<br />the Property, shali succeed to all the title, power and duties conferred upon Tz by this Security Instrurnent and
<br />applicable law.
<br />16. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by �rst class mail
<br />to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated m writing.
<br />IVotice to one trustor will be deemed to be notice to all trustors.
<br />17. WAIVERS. Except to the extent prohibited by law, Trustor waives all 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 Instruznent will remain in effect until released.
<br />19. APPLICABLE LAW. This Security Instrument is governed by the laws as agreed to in the Secured Debt, except to the
<br />extent required by the laws of the juz�sdiction where the Property is located, and applicable federal Iaws 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 tettns of this Security Instrument.
<br />[Check all applicable boxes]
<br />❑ Assignment of Leases and Rents ❑ Other .........................................................
<br />....................................
<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 />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 Instrument on the date stated on page 1.
<br />— —
<br />.:. '��t
<br />... ..... �.� .. ............................ l -� �... � ..... ��.�:`�. . ........... ................`.�........... �
<br />(Signature) (Date) (Sign ture) (Date)
<br />Paul D Leetch Joanna M LeetCh
<br />ACKNOWLEDGMENT: �(`
<br />STATE OF .....IV.GJol:LR4,�, ........................ COUNTY OF ...... �:°!'�..................................} ss.
<br />ctndiviaual) �
<br />This instrument was acknowledged before me this ... �.1? ..... . ... .. day of ....... . . � �.. �- ,n � �, , , , , , , , , , , , , , , , ,
<br />by .......PwwR, 0•....4:^�x.?i-�rh.....� ......................... .
<br />My commission expires:
<br />.
<br />............ �:-... ?.. ....!�.� ..........................
<br />�/ lotaty Public)
<br />GEDIERAL NOTARY - SYaOe of Nebraska
<br />MARIA K. HARRIS
<br />PAy Comm. Exp. Juty 8, 2013
<br />�2 M � 1994 Bankers SVStems, Inc., St. Cloud, MN Form OCP-REDT-NE 1/31l2003 (pBge 4 of 4J
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