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<br /> Unless othcrwisc agrced in writing.All iosurance pracccds shnll hc upplicd to the restoratian or repair of thc Property
<br /> ar ta the Sccurcd Dcbt,whcther or not thcn duc,at I.cndcr's option.Any appllcation of pracecds to{�rincipal shall not
<br /> extend or poslpane the duo dute of lhe schednled payment nor change the nmount of��y payment.Any excess will be
<br /> paid tu the Clrantnr.If the Property is acquired by l.ender,Grantor's right to any insurance policies and praceeds
<br /> resultinR from damage to thc Property bcfore the acquisition shall puss to I.ender to the extcnt of the Sccur�d Debt
<br /> immediatcly bcfora thc acyujsition. '"
<br /> 20. FSGROW FOIt TAMFS AND IN9URANCE.Unless othenvise provided in a sepTrate agrcement,arantor will not
<br /> be required to pay to I.,ender funds for taxes and insurance in escrow.
<br /> 21. F7NANCIAL REPORTS ANQ ADIl1'iiONAL UO(:UMEM'S.Grantor will providc to Lendcr upon request.any
<br /> financisl statement or information Lender may deem reasanably necessary.Grant�r agrees to sign,d�liver,and file
<br /> any ndditional da:uments or artifications that Lender may consider necessury to perFect,contlnue, and preserve
<br /> Grantor's obligations under this Security Instrumcnt and L.e�der's lien status on the Pro�erty.
<br /> 22. JOINf AND INdNlDUAN�LIA�Ii..iIY;CO-SIGNER5;SUCCESSORS aND ASSIGNS BOUND. A!1 duties
<br /> under this Securiiy Instrument are joint a�id individual•I[Grantor signs this Security Instrument but does not sign nn
<br /> evidence o[debt,Grantar dces so only to rnortgage Orantor's interest in the Property to secure payment of the
<br /> Securcd Debt aad Granior dces not agree to be personally liable on the Secured Debt. If this Secunty Instrument
<br /> sccures a gueranty between I.ender and Grnntar.Orantor agrees to waive any rights that may prevent Lender from
<br /> bringing eny action or claim against Grantor or any party indebted under the obligation.These nghts may include,but
<br /> are not limited tc�,ai�y and-dc:fictency ar one•action laws.(3rantor agrees thai Lender and nny party to this Security
<br /> Instrument may extcnd.modify or make any change in the terms of this Security Tnstrument or any evidence of debt
<br /> without Grantor's consent.Such A change will not release Grantor from the terms of this Security Instrument. The
<br /> dutics and bi:ncfits of this�ecurity Instrument shaU bind and bcnefit the successors and assigns of Grantor and Lendcr.
<br /> 23. APPLICABLE L�lW;SEVERABILTTY;IM'ERPRETATION.This Security Instrument is govemed by the laws of
<br /> the jurisdiction in which L.ender is located, except to the extent othenvise required by the laws of the jwisdiction
<br /> whera the Property is lacated.'Ittis Security instrument is complete and fully integr�eted.This Security Instrument may
<br /> not be amended �r rinudiCted by oral agreement,Any section in this Security Instrument,attachments.or any
<br /> agreement related to the Secured Debt that wnflicts with applicable law will not be effective,unfess that law expre�sly
<br /> or impliedly perenits the variations by written agreement.If any section of this 5ecurity[nstrument cannot be enforced
<br /> according to its terms. that section will be severed And will not affect the enforceability af the remalnder of this
<br /> Security Instrument.Whenever used,the singular s6aU include the plural and the plural the singular.'I'he captians and
<br /> headings of the seciions ut u,i���u�;ry tasiru:ncnt:.s�for con�enienc?�,nly and ar,e not to be used to interpret or
<br /> � deCme the t�rms of this Security Instrument.Ticrte is of the essence in this Security Instrument.
<br /> �,�, gu���g�;;'i'rCT�;.'�,�. I.ender, at LPnder's option, +ney from time to time remove Trustee and appoint a
<br /> successor trustee without any other formality then the designation in writing. The successor trustee, without
<br /> conveyance of the Property.shall succeed to all th�title,power and duties conferred upon Trustee by this.Security
<br /> Iastrument and nppGeable l�w.
<br /> 2S. NOTiCE.Unless othccwise required by law,any notice shall be gi�en by delivering it or by mailing it by iirst class
<br /> mail to the aptxopciate party's address on page 1 of this Security Instntment,or to any ather address designated in
<br /> writing.Notice to one grantor will be deemed to be notice to all grantors.
<br /> xG, WAIVERS.Except to the eatent prohibited by law,Grancor waives all appraisement and homestead exemption rights
<br /> relating to the Property.
<br /> 27. OTHER 1ERMS.If checked,the following are applicable to this Security Instrume�xt;
<br /> � Li�e o[Credit.The Secured Debt includes a revolving line of credit provision. Although the Secured Debt
<br /> may be reduced to a zero balance,this Security Instrument will remain in effect until released.
<br /> ❑ Co�utr�ction Lo��. This Security Instrument secures an obligation incurred for the comstruction of an
<br /> improvement on the 1'roperty.
<br /> � FGcctMre FiYat. Grantor grants to Lender a security interest in all goads that Grantor owns now or in the
<br /> �
<br /> future and tUat are or will become fixtures related to the Propeny.This Security Instrument suffices as a
<br /> ' �inancing statement and any carbon,photographic or other reproduction may be�iled oi record for purposes
<br /> of Article 9 of the Uniform Commerc�al Code.
<br /> ❑ RWen.The covenaats and agreements of each of the riders checked beluw are incorporated into and
<br /> supplement and amend the terms of this Security Instrument.[Check aU applicable boxes]
<br /> ❑Condominium Rider ❑Planned Unit Devclopment Rider ❑Other..........................................................
<br /> ❑ Addilio�al Terw�.
<br /> SIGNATURES:By signing below,Grantor agrees to the terms and covenants contained in this Secnrity Insuument and ia
<br /> � any attachm�eiits.Grantor also acknowledges receipt of a copy of this Security I�s;aum�nt on the date stated�n page 1.
<br /> .�C�. � �� 06/19/97. •--��.ilJ..�.�� �6/1919I
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<br /> (Sisnature) DICK D NELSON (��te) (Siyuturcj LEILA iJl NELSON
<br /> ACKNOWLEDGMENT.NEBRASKA HAL L
<br /> .
<br /> STA'TE OF..............................................................CU�J�O�.....................;lt'�F��.......................i.�.�.y..
<br /> ss.
<br /> ���.�.�� Th�c�'�56�1�t��'��'��S���d"�����,a�r��IFN�I�5��"a�p•���•�at�cur ��i���suov�������acu••oYKE�............................
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<br /> by............................
<br /> My commission expires: ,/ '
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<br /> — ���� (Not�ry{'uhli
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