98104754 - Laserfiche WebLink

Browse

, 98— ic��s4 Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to the Secured Debt,whether or not then due,at Lender's option.Any application of proceeds to principal shall not extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by Lender, Grantor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Lender to the extent of the Secured Debt immediately before the acquisition. 20. ESCROW FOR TAXES AND INSURANCE.Unless otherwise provided in a separate agreement, Grantor will not be required to pay to Lender funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDTTIONAL DOCUMENTS. Grantor will provide to Lender upon request, any financial statement or information Lender may deem reasonably necessary. Grantor agrees to sign, deliver, and file any additional documents or certifications that Lender may consider necessary to perfect, continue, and preserve Grantor's obligations under this Security Instrument and Lender's lien status on the Property. 22. JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Grantor signs this Security Instrument but does not sign an evidence of debt, Grantor does so only to mortgage Grantor's interest in the Property to secure payment of the Secured Debt and Grantor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Lender and Grantor, Grantor agrees to waive any rights that may prevent Lender from bringing any action or claim against Grantor or any party indebted under the obligation. These rights may include,but are not limited to, any anti-deficiency or one-action laws. Grantor agrees that Lender and any party to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any evidence of debt without Grantor's consent. Such a change will not release Grantor from the terms of this Security Instrument. The dutie's and benefits of this Security Instrument shall bind and benefit the successors and assigns of Grantor and Lender. 23. APPLICABLE LAW;SEVERABILITY;INTERPRETATION.This Sccurity lnstrument is governed by the laws of the jurisdiction in which Lender is located, except to the extent otherwise required by the laws of the jurisdiction where the Property is located.This Security Instrument is complete and fully integrated.This Security Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective,unless that law expressly or impliedly permits 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 enforceability of the remainder of this Security Instrument. 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 far convenience only and are not to be used to interpret or define the terms of this Security Instrument Time is of the essence in this Security Instrument. 24. SUCCESSOR TRUSTEE. Lender, at Lender's option, may from time to time remove Trustee and appoint a successor trustee without any other formality than the designation in writing. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and applicable law. 25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing.Notice to one grantor will be deemed to be notice to all grantors. 26. WAIVERS.Except to the extent prohibited by law,Grantor waives all appraisement and homestead exemption rights relating to the Property. 27. OTHER TERMS.If checked,the following are applicable to this Security Instrument: � Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a zero balance,this Security Instrument will remain in effect until released. ❑ Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. ❑ Fixture Filing. Grantor grants to Lender a security interest in all goods that Grantor owns now or in the future and that are or will become fixtures related to the Property. This Security Instrument suffices as a financing statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the Uniform Commercial Code. ❑ Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the terms of this Security Instrument. [Check all applicable boxes] ❑ Condominium Rider ❑ Planned Unit Development Rider ❑ Other .......................................................... ❑ Additional Terms. SIGNATURES:By signing below, Grantor agrees to the terms and covenants conlained in this Sccurity Instrument and in any attachments. Grantor also acknowledges receipt of a copy of this Security Instrumcnt on thc date stated on page l. ....... .. .. .. � , . • �//"/ <.l./.....�.. ,w5/14/98 .............�ti�2.c�. ��n��.� 05/14/98 (Signature) . .. ........... ....... . ...................................... MICHAEL L ENG SH (Date) (Signature) BARBARA L ENGLISH (�aee) ACKNOWLEDGMENT: STATE OF.....NEBRASKA................................. .COUNTY OF..........HALL��........................... . } ss. (Individual) This instrument was acknowledged before me this.....14TH 1t��t�•�• b HICNABL L ENGLISH AHD BARBAflA L EH6I,ISH, HUSBAND AN� WIFE """'•day of ............................................................. y.......:......................................................................................................... .. ............................................................... . y commission expires: (Seal) ......................... ..... . .... ............... . .................... III �ENERAI NOTARY•Stale of Neb►aska (Notar „bi;�� GARY A.KISER My Comm.Eap.July 9,2000 �1994 Bankers Systems,Inc.,St.C�oud,MN (t•800-397-2341) Form RE-DT-NE 8/8/94 (page 4 of 4)