|
,- ,
<br />, 2011�473g
<br />K. As a consequence of any breach of any representation, warranty or p�omise made in this section, (1)
<br />Grantor will indemnify and hold Lender and Lender's successors or assigns harmless from and against all
<br />losses, claims, demands, liabilities, damages, cleanup, response and remediation costs, penalties and
<br />expenses, including without limitation all costs of litigation and attorneys' fees, which Lender and Lender's
<br />successors or assigns may sustain; and (2) at Lender's discretion, Lender may release this Security
<br />Instrument and in return Grantor will provide Lender with collateral of at least equal value to the Property
<br />without prejudice to any of Lender's rights under this Security Instrument.
<br />L. Notwithstanding any of the language contained in this Security Instrument to the contrary, the terms of
<br />this section will survive any foreclosure or satisfaction of this Security Instrument regardless of any passage
<br />of title to Lender or any disposition by Lender of any or all of the Property, Any claims and defenses to the
<br />contrary are hereby waived.
<br />17. CONDEMNATION. Grantor will give Lender prompt notice of any pending or threatened action by private
<br />or public entities to purchase or take any or all of the Property through condemnation, eminent domain, or any
<br />other means. Grantor authorizes Lender to intervene in Grantor's name in any of the above described actions
<br />or claims. Grantor assigns to Lender the proceeds of any award or claim for damages connected with a
<br />condemnation or other taking of all or any part of the Property. Such proceeds will be considered payments
<br />and will be applied as provided in this Security Instrument. This assignment of proceeds is subject to the terms
<br />of any pri�r mortgage, daed of trust, se�urity agreeanent or other lien document..
<br />18. INSURANCE. Grantor agrees to keep the Property insured against the risks reasonably associated with the
<br />Property. Grantor wi{I maintain this insurance in the amounts Lender requires. This insurance will last until the
<br />Property is released from this Security Instrument. What Lender requires pursuant to the preceding two
<br />sentences can change during the term of the Secured Debts. Grantor may choose the insurance company,
<br />subject to Lender's approval, which will not be unreasonably withheld.
<br />All insurance policies and renewals shall include a standard "mortgage clause" (or "lender loss payable clause"�
<br />endorsement that names Lender as "mortgagee" and "loss payee". If required by Lender, all insurance policies
<br />and renewals will also include an "additional insured" endorsement that names Lender as an "additional
<br />insured". If required by Lender, Grantor agrees to maintain comprehensive general liability insurance and rental
<br />Ioss or business interruptio urance, ' am nts �td-,,und p_ cie _ ccep ble t ender. The comprehensive
<br />general liability insuranc �'��us� a`rt` ��� e' s�`` a�+t�i#i ������ I�s�ir�� Tt� i nta ��ss or business interruption
<br />�. � ��
<br />insurance must be in a mou � u� a a_ t �ra ;,' e`� bt s rvice, and required escrow
<br />� � � ,�
<br />account deposits (if agre �o s��a� e� � t� `,�,�=� �-a , , F , � , ,
<br />Grantor will give Lender an j ttie insurance company imme iate notice o� any oss. � insurance proceeds will
<br />be applied to restoration or repair of the Property or to the Secured Debts, at Lender's option. If Lender
<br />acquires the Property in damaged condition, Grantor's rights to any insurance policies and proceeds will pass to
<br />Lender to the extent of the Secured Debts.
<br />Grantor will immediately notify Lender of cancellation or termination of insurance. If Grantor fails to keep the
<br />Property insured, Lender may obtain insurance to protect Lender's interest in the Property and Grantor will pay
<br />for the insurance on Lender's demand. Lender may demand that Grantor pay for the insurance all at once, or
<br />Lender may add the insurance premiums to the balance of the Secured Debts and charge interest on it at the
<br />rate that applies to the Secured Debts. This insurance may include coverages not originally required of
<br />Grantor, may be written by a company other than one Grantor would choose, and may be written at a higher
<br />rate than Grantor could obtain if Grantor purchased the insurance, Grantor acknow{edges and agrees that
<br />Lender or one of Lender's affiliates may receive commissions on the purchase of this insurance.
<br />19. ESCROW FOR TAXE5 AND INSURANCE. Grantor will not be required to pay to Lender funds for taxes and
<br />insurance in escrow.
<br />20. CO-SIGNERS. If Grantor signs this Security Instrument but is not otherwise obligated to pay the Secured
<br />Debts, Grantor does so only to convey Grantor's interest in the Property to secure payment of the Secured
<br />Debts and Grantor does not agree by signing this Security Instrument to be persona{ly liable on the Secured
<br />Debts. If this Security Instrument secures a guaranty between Lender and Grantor, Grantor agrees to waive
<br />any rights that may prevent Lender from bringing any action or claim against Grantor or any party indebted
<br />under the obligation. These rights may include, but are not limited to, any anti-deficiency or one-action laws.
<br />KELLY CONNELLY
<br />Nebraska Deed Of Truat IniUals
<br />NE/4XXDIANWK00000000000621053�62311N Wolters Kluwar Financial Services °1996, 2011 Bankars SystemsTM Page 7
<br />�� \1
<br />V�
<br />
|