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<br /> � ` ' � Unless otherwise agreed in writin&alt insurana proceeds sha!!be applied la the restoration ur repair of!he Pruperty � � �
<br /> ' or to the Secured Debt,whether or nat then due.at Lender s option.Aay app6cation of proceeds to prin�ipa!shall aot �
<br /> � •• ' eMCnd ot postpone the due date of the sctteduled payment nur change the amount of any pay ment.Any exc��w'i11 be • , � ..
<br /> paid to the Grantor.If the Property is acquired by Lender,Grantor's right to an}insurance p�ticies and procce3s .
<br /> cesulting from damage to the Property befure the acguisition shall pass to Lender ta the exteat of the Secured Debt
<br /> immediately hefore the acquis'stion• �<' • ' .� '
<br /> ` � 2Q ESCROW�OR TAXF�AND INSURAI�ICE.Unless otherwice pro�Rded in a separate a�rcemcnL Grantor will not ,
<br /> ` . 6e required to pay to i�ender fuuds for taxes and insnrance in escroW . .
<br /> . � _ 21, F7N,e►1�1ClAL ltEPOR1�AND ADDffIONAL DOCUh'IENI'S.Grantur wG p�rtoQ de t��c`���n�li�cr�nd fitc � .
<br /> � ;_� fmancial statement or information l.eader may deem re-asonablY necc.'ssar�'• to c�et,continue.and preserve .:
<br /> any additional documents or certifications that Lender may consider ncccssary p' ,
<br />_ •, Grnntar's obtigations under this Security lnstrnment and l.ender s lien status on the Prup�rty. _
<br /> • _ , 22. JOINT I�ND I1�II91VIDUAL LIABDLITY;C�SIGP1El�:SUCCESSOSS ANiO�stnunent but ctuc.D ot's gn�an .�.,, , ..
<br /> ' � '.4 _r___... .. .�.
<br /> under this Secvrity Instrument aie joint and individual.If Grantor signs this Security �
<br /> � � evidence af debt.Grantor does so only to mortgage Grantar s interest in the Property to secure payment of the , .;_�
<br /> S�red Debt a�td Granlor does not agree to be petsonally liabte on the Secured DebL If thu Security tnstrument . �_ '
<br /> � ���•,;; secures a guaTanty berivee+z Leuder and Grantor,Grantor agrees to waive any righu that may prc�ent l.ender fram �c,:. .
<br />� bringing any acuon or claim��t Grantor or any part.y u►debted nnder the obligation."Ihese rights may include,but , ;�
<br /> � are not limited to.any anti-0eficiency or one-action la>v�.Grantor agrees that Lender and any party to this Security �.;r�
<br /> lastrument�Y ext�nd,modify or makc�y chanSe in tite temts of this Security Instrument or any evidence of debt .
<br /> � • without Grar�;.�.cs consent Sach a change wi11 not retease Grantor fcom the tenns of this Security [nstrumen�The -.� _
<br /> . d�es and(KC,9;s:s of t6is Security lnstrument sha11 bind and hette5t the successais and a�cigns of Grantor and Lender. <<,.. . ,
<br /> '? ',:
<br /> ` �. ���r�L��,AVy�g��pgp,i'ft(;IIVTERp1tE'T�►110N.'Ihis Security Instrument is govemed by the laws of _ ; ,c , . :�
<br /> � the lurisdictic�in which L�nder is lacated.except to the e�ctent othenvise required by the laws of the jurisdiction ,; ;
<br /> where tfle P���`*.y�l�ted This Security Instrument is complete and fu�tY inteSrated.This Security Inslrument may
<br /> not be a�ne�:�Jfi er modified by aral agreement. Any section in this Security Instrument.attachments.or any _ __ _ -_�_'
<br />_ � � �•1 agreement re}a�_:.s to the Secured Debi that contlicts with appticable law wiU not be effective,�nless that law express�y ;:: . .
<br /> • r ���•• ar imp li e d ly permiu the�ari:�zions by�vritten agreemeat If any section of this Security lnstrument cannot be enforced � �.
<br /> ;x;;lf� _...r h.s . I�.. ".•�a.
<br /> � according to its terms."��.sectian wip be severed aad will not affect the enfarceability af the remain der o f t his .'..�� r-;
<br /> ; `• � Securiry Instnunent Whc-�:.tr used,the singular shal!indude the plvial and the plural the singular.The captians and ,�f''
<br /> ' headings o f t he s e c t ions o f t fi i s S e c u r i ty t n s t r u m e n t a r e f o r c o n v e n i e n c e onl y and are not to be t�sed ta interpret or ``. +����:
<br /> � ' ; define the tes��i this Securiry Instru�'�==�me is of the essence in this Security Instrumen� � t,.., F
<br /> � `" � T s b S UCCES�Oiz'i'itUST��.�.ender,at :.�nder s option.may ftom time to time remove Trustee and appoint a _ , _
<br /> •- :� ,;:xt:ssor trustee withaa.t:�ny other formality than the designation in wri ting.T h e s u c c e s s o r t r u s t e e.aithout .., �}:� .
<br /> ��+aveyance of the Properts.shall succeed to all tKe ti�e.power and duties confened upoR Trustee by this Serasrity , ,;,,a�„r,..
<br />- ' � ` '0' Instrument aad applicable law. • '' ' '
<br /> x. .... a:,..
<br /> _ ;,. � Y5. NOTICE.Unless otherwise requ'ued by la�r,any aotice shall be�'e•.en by delivering it or by mailing it by 6rst class , . ,-., . .
<br /> n
<br /> , :��,� mail ta the appropriate paiRy's address osr page 1 of this Security t�strumen�or to any other addr�ss designatc;d in :,`� ,( >�i.,}
<br /> ••�:�:�'>:�:�=,yt': �:. writing.Notice to oQe grantar will be deemed to 6e no�ce to all gantors. .
<br /> .. - �-�S`,^�Si;t;s;,-:?�
<br /> �, �y�IVERS.Except to the extent prohibited by law.C'seantor waives all appraisement and homestead exempiion ri�hts ��s;���'t�`�_.�._
<br /> . � �l�iy;� -.(- e � , Sr,�`�,ra: r'S
<br /> � ' relating to the Prop rty. ,.-.�.:��
<br /> . • 27 p'fNEg'd'�RM�.If checked.the foltowia�are applipble to this Security Instrument: �• .� •r ;.:_,
<br /> .•: ;'" �
<br /> `;..,,. ' � Line o!Credi�The Secured Debt incluJes a revolving line of credit provision.Althovgh the Secured Debt . �:�y�•
<br /> • � :=� may be reduced to a zero balance,this Securin,Instrument will remain m effect until released. .�:�� ----�-
<br /> � � �;� � Constracttoa Loan.This Security Instrumeee secures an obligation incurred for the constru�i:�sn of an �'�` �:.
<br /> imtamvement on the Praperty `� ' �
<br /> ' � � �F'�,c�e�31ing.Grantor granis to I.ender a security interest in all goods that Grantor oams no�+v_or in the .��
<br /> ��n�d that are or wiU become fixtures related to t6e f?roperty.This Security In..rt�ment suffices as a
<br />-_� '.''{%;'• ' financing statement and any carbon,photograts��:c or other reproducuon may be filed of record for purposes � .>.: '.���•
<br />:.��1 . ` ,. , : � •,�:�;:. .'�..
<br />- •.•::`V:{1! .:.'..� oi Articte 9 of ths[iaiform Commercial Code. `".,a,_;���.i:' :
<br /> :;i:�•;.• ' � .'�:.� .
<br /> .:.
<br /> ❑ Rtders.The covenants and agreements of each of the riders checke3 below are incorporated into and • �' )�� �';:"
<br /> . , . . ;.:�, ..
<br /> `` ° �` ' ' ` suppiement and amend the terms of ihis Security Instrument.[Check all applicable boxes]
<br /> � , � ` ❑Condominium Rider ❑Planned Unit Development Rider ❑Olher................»........................................ ' : �
<br /> .. �: ❑ t4ddiKonal Terms. � .
<br /> � ,s . � ..
<br /> ✓.% � ' �� : , . •
<br /> H • • � �
<br /> � ,.� `+,`,`i' r `. �TC�ATUIItESs Hy sigr�ing be6aw.Grantor Ag�rees to the terms and covenants contain.d in this Security lnstrument and in �: ��h�� .' �
<br /> ; � r
<br /> ;>..,;.: :�, : .
<br />-- . � ar.�2tiachments.Grantor atso acknowledges receipt of a�opy ot this Security Instrument on the datu stated ao page 1. •..,:,
<br /> ��5'� .f'. , .. . , -�
<br />.�If" '
<br /> • = r�i � OS/13/97 ..� OS/13/97 � .
<br /> ��'��,�`� � �� .._....�...... f�f� .�................................. �o.. . ...... _........................... �Datc).
<br /> . .,``, ts���l c¢�.- isi '�> BARBARA E LEE .
<br /> FRED C J LEE _
<br /> -: ' � ACICNOWLEDGME1�17' OF. HALL �� '� .. .
<br /> =r�� STATE OF.NEBRASKA .................................CO�I�Y ..................NIAyt'.......................
<br /> ............................ {},t �{� .Q��.}/�,}�.c .day of. ��'997"
<br /> _ - • IlndmQuall •'pyq/{�l4• •�t8tf��6�,�e�Ud�AI1�CAlIU�IIIiG�.............. . .............................................«»...........•. . _ .
<br /> _ � b�.W... ........ ................................ ............................ .....y.. .........................................._. .
<br />-.:~; ' . • My commission expires: � � -
<br />_•.; . . ...... •
<br /> . , .. .. •.......................
<br /> �• • (� GEN i OTARY•State a�Neerast�a �No�a►y vonn�► �
<br /> � �t:l_ itATH1EEN A.SCMIACNiER '
<br /> ��`L'y'�° ►dY Comm 6P Maq 21.1000
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