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<br />the event that Lender fails to pro ' any
<br />subsequent security interest in the Gran '
<br />This Security Instrument will not secure
<br />red notice of the right of rescission, Lender waives any
<br />cipal dwelling that is created by this Security Instrument.
<br />for which a non-possessory, non-purchase money security
<br />mterest is created in "household goo in conne 'on with a"consumer loan," as those terms are defined
<br />by federal law governing unfair an eceptive credifi p tices. This Security Instrument will nofi secure any
<br />debt for which a security intere is created in "margin st " and Lender does not obtain a"statement of
<br />purpose," as defined and re ired by federal law governing s rities. This Security Instrument will not
<br />secure any other debt if der"fails, with respect to that other debt, fulfill any necessary requirements ar
<br />limitations of Section 9(a1, 32, or 35 of Regulation Z.
<br />C. Sums Advanced. AIt sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
<br />3. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when due and in
<br />accordance with the terms of tf�e Secured Debts and this Security tnstrument.
<br />4. WARRANTY OF TITLE. Grantor warrants that Grantor is or will be lawfully seized of the estate conveyed by
<br />this Security Instrument and has the right to irrevocably grant, convey and sefl the Property to Trustee, in trust,
<br />with power of sale. Grantor also warrants that the Property is unencumbered, except for encumbrances of
<br />record.
<br />5, PRIOR SECURITY IIVTERESTS. With regard to any ofiher mortgage, deed of trust, security agreement or
<br />other lien document that created a prior security interest or encumbrance on the Property, Grantor agrees:
<br />A. To make all payments when due and to perform or comply with all covenants.
<br />B. To promptly deliver to Lender any notices that Grantor receives from the holder.
<br />C. Not to allow any modification or extension of, nor to request any future advances under any note or
<br />agreement secured by the lien document without Lender's prior written consent.
<br />6. CLAIMS AGAINST TITLE. Grantor will pay all taxes, assessments, liens, encumbrances, lease payments,
<br />ground rents, utilities, and other charges relating to the Property when due. Lender may require Grantor to
<br />provide to Lender copies of all notices that such amounts are due and the receipts evidencing Grantor's
<br />payment. Grantor will defend title to the Property against any claims that woutd impair the fien of this Security
<br />Instrument. Grantor agrees to assign to Lender, as requested 6y Lender, any rights, claims or defenses Grantor
<br />may have against parties who supply labor or materials to maintain or improve fihe Property.
<br />7. DUE ON SALE OR ENCUMBRANCE. Lender may, at its option, declare the entire balance of the Secured
<br />Debt to be immediately due and payable upon the creation of, or contract for the creation of, any lien,
<br />encumbrance, transfer or sale of ali or any part of the Property. This right is subject to the restrictions imposed
<br />6y federal law f12 C.F.R. 591), as applicable.
<br />8. WARRANTIES AND REPRESENTATIONS. Grantor has the right and authority to enter into this Security
<br />Instrument, The execution and delivery of this Security Instrument will not violate any agreement governing
<br />Grantor or to which Grantor is a party.
<br />9. PROPERTY CONDITION, ALTERATIONS AND INSPECTION, Grantor wiff keep the Pcoperty in good condition
<br />and make all repairs that are reasonably necessary. Grantor will not commit or aiiow any waste, impairment, or
<br />deterioration of the Property. Grantor will keep the Property free of noxious weeds and grasses. Grantor
<br />agrees that the nature of the occupancy and use will not subs#antially change without Lender's prior written
<br />consent. Grantor will not permit any change in any license, restrictive covenant or easement without Lender's
<br />prior written consent. Grantor will notify Lender of all demands, proceedings, claims, and actions against
<br />Grantor, and of any loss or damage to the Property.
<br />No portion of the Properfiy will be removed, demolished or materially altered without Lender's prior written
<br />consent except that Grantor has the right to remove items of personal property comprising a part of the
<br />Property that become worn or obsolete, provided that such personal property is replaced with other personal
<br />property at least equal in value to the .replaced personaf property, free from any title retention device, security
<br />agreement or other encumbrance. Such replacement of personal property will be deemed subjec# to the
<br />security interest created by this Security Instrument. Grantor will not partition or subdivide the Property
<br />without Lender's prior written consent.
<br />Lender or Lender's agents may, at Lender's option, enter the Property at any reasonable time for the purpose of
<br />inspecting the Property. Lender will give Grantor notice at the time of or before an inspection specifying a
<br />reasonable purpose for the inspection. Any inspection of the Property will be entirely for Lender's benefit and
<br />Grantor will in no way rely on Lender's inspection.
<br />10. AUTHORITY TO PERFORM. !f Grantor fails to perform any duty or any of the covenants contained in this
<br />Security Instrument, Lender may, without notice, perform or cause them to be performed. Grantor appoints
<br />Lender as attorney in fact to sign Grantor's name or pay any amount necessary for performance, Lender's
<br />right to perform for Grantor will not create an obligation to perform, and Lender's failure to perform will not
<br />preclude Lender from exercising any of Lender's other rights under the taw or this Security Instrument. If any
<br />construction on the Property is discontinued or not carried on in a reasonabte manner, Lender may take all
<br />steps necessary to protect Lender's security interest in the Property, including completion of the construction.
<br />11. ASSIGNMENT OF LEASES AND RENTS. Grantor irrevocabfy assigns, grants, conveys to Lender as
<br />additional security all the right, titfe and interest in the following (Property).
<br />A. Existing or future leases, subleases, licenses, guaranties and any other written or verbal agreements for
<br />the use and occupancy of the Property, including but not limited to any extensions, renewals, modifications
<br />or replacements (Leases).
<br />KENNETH A KOHLHOF
<br />Nebraska Deed Of Truat
<br />NE/4AMOSEMAN00000000000821054060611 N
<br />Wolters Kluwer Financial Services �1996, 2011 Bankers Systems"' Page 2
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