201105898 - Laserfiche WebLink

Browse

2 0110589� D. Trastor shall unmediately notify Bene�ciary in writing as soon as Trustor has reason to believe there is any pending or threatened investigation, claun, or proceeding relating to the release or threatened release of any Hazardous Substance or the violation of any Environmental Law. 12. ESCROW FOR TA�S AND INSiJRANCE. Unless otherwise provided in a separate agreement, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 13. JOINT AND INDIVIDUAL LIABILITY; CO-5IGNERS; SUCCESSORS AND AS5IGNS BOUND. All duties under this Security Tnstrument are joint and individual. If Trustor signs this Securiry Iastrument but does not sign an evic3ence of debt, Trustor does so only to mortgage Trustor's interest in the Praperty to secure payment of the Secured Debt and Trustor does not agree to l� personally liable on the Secured Debt. If th'�s Securiry Instrument secures a guaranty between Bene�ciary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or any party indebted under the obligation. These rights may include, but are not lunited to, any anti-deficiencp or one-action laws. The duties and benefits of this Security Instrument shall bind and benefit the saccessors and assigns of Trustor and Beneficiary. 14. SEVERABILITY; INTERPRETATION. This Securiry Instrument is complete and fully integrated. This Security Instrument may not be amended or modified by orai agreement. Any section in this Security Instrument, attachmencs, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or unpliedly �ermits the variations by written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that section will be severed and will not affect the enforceabiliry of the remainder of this Securiry Tnstnzment. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Security Instrument are for convenience ouly and are not to be used to interpret or define the terms of this Securiry Instrument. Tune is of the essence in this Securiry Instrument. 15. SiJCCESSOR TRUSTEE. Bene�ciary, at Beneficiary 's option, may from time to time remove Trustee and appoint a successor trustee without any other formatiry than the designation in wntmg. The successor tnastee, without conveyance of the Properly, shall succeed to all the title, power aud duties conferred upon Trustee by this Securiry Tnstrument and applicable law. 16. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by flrst class mail to the appropriate party's address oa page 1 of this Security Instrument, or to any other address designaied in writing. Notice to one trustor w�il i�e deemed to be notice to all trustors. 17. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Properly. 18. LINE OF CREDIT. The Secured Debt includes a revolving line of credit. Although the Secured Debt may he reduced to a zero ba[ance, this Securiry Instrument will remain in effect until releaserl. 19. APPLICA.BLE LAW. This Security Instrument is govetned bY the laws as agreed to in the Secured Debt, except to the extent required by the Iaws of the jur�sdiction where the Property �s located, and applicablc federal laws and regulations. 20. RIDERS. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the terms of this Securiry Instniment. [Check all applicable boxesJ O Assignment of Leases and Rents ❑ Other ............................................................................................. 21. � CONSTRUCTION LOAN. This Security Instrument is a construction security interest which secures an obligation incurred for the construction of an improvement on the Properry. ZZ. � ADDITIONAL TERMS. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Securiry Instrument and in any attac nts Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1, .... ... .....................................�'��tl... ........ ..^��;.,....�. ..�►!� �.�....�.�.:.�.- / (Signature) ppUL L CAMPUN (Date) (Signa RICIA R. CAMPLIN � (Date) ACBNOWLEDGMENT: STATE OF .Nebraska......... ........, CO TY OF ,HALL ..............................................} ss. .................... �"�"''e'? This instrument was acknowledged before me this .?.".d .... ....... day of . August. 201 t � b . PAUL L CAAAPLIN; TRICIA R. CAMPLIN HUSBAND AND WIFE My cou2mission expires: 0&30•2014r ... ........ . ...... ...... ...... ... ...... ......... .�� .. . .......... . ..� ..... .......................:�-.-r.......... ( oiarY Public) ��►. �� TERESA PlCH1ER �,,,,��'�gl� �.., �: , 2014 � OO 1984 Bankers Systema, Iro., St. Cloud, MN Form OCP-REDT-NE 5110(2006 (pege 4 0( 4J