|
2 011042��
<br />D. Trustor shall immediately notify Beneficiary in writing as soon as Trustor has reason to believe there is any pending
<br />or threatened investigarion, claun, 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-SIGNER5; SUCCES50RS AND ASSIGNS BOUND. All duties under
<br />this Security Instrument aze 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 agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between
<br />Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Bene�ciary from bringing any action or claim
<br />against Trustor or any �arty indebted under the obligation. These rights may include, but are not limited to, any
<br />anti-deficiency or one-action 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 Instrulnent, attachments, or
<br />any agreement related to the Secured Debt that conflicts with applicable law will not be effecrive, unless that law expressly
<br />or unphedly permits the variations by written agreement. If any section of this Security Instrument cannoe be enforced
<br />according to its terms, that section will be severed and will not affect the enforceability of the remainder of this Security
<br />Instrument. Whenever used, the singulaz shall include the plural and the plural the singulaz. The captions and headings of
<br />the sections of this Security Instrument ate for convenience only and are not to be used to interpret or define the terms of
<br />this 5ecurity Instrument. Tune is of the essence in this Security Instrument.
<br />15. SUCCESSOR TRUSTEE. Bene�ciary, at Beneficiary 's option, may time to time remove Trustee and appoint a
<br />successor trustee without any other formality than the designation m wnting. The successor trustee, without conveyance of
<br />the Properly, shall succeed to a11 the title, power and duties confened 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 w111 be deemed to be notice to all trustors.
<br />17. WAIVERS. 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 Instrument 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 a11 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 />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 />.. � ... ....................................... �:��`ll..... .. .�... . ' .a•�..�.!�:��.......... � l.� �!..
<br />(Signature (Date) (Signature) (Date)
<br />T J Halstrom Alica R Halstrom
<br />ACKNOWLEDGMENT:
<br />STATE OF ..... Nebraska ............................ COUNTY OF ..... ss.
<br />�°d'"d"a`� This instrument was acl�owledged before me this . . . .1 s th, , , , , , . . , day of . . . May, , , , , , , , , , , , , 2, 011
<br />.......................
<br />by ,,,, Tom, J, Halstrom„and„Alicia R. Halstrom
<br />......................................................................................... .
<br />My commission expires: September 24, 2012���� �.� ��
<br />�IERAI I+�TARY� ai Nebraska ....... ........ �.-- . ............... . . . .... . .. ....:.. . . .. . . .. . .
<br />......(Notary Public)
<br />KATHERINE J. HONENSEE Katherine J Hohensee
<br />My Carr�n, Exp, 8ept. 24, 2012
<br />��"' OO 1994 Bankers Systems, Inc., St. Cloud, MN Form OCP-REDT-NE 1/31/2003 (page 4 of 4J
<br />
|