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<br /> Unle�.ti��literwi�;ugreed in writing,ell insuri�ncc pruceeds shull he applicd to thc resturatian c�r repair i�f tt►c Pruperty
<br /> •.s ur tu the Secured AeM,whether or not then due,at I.a:�ider's uptii�n.Any applic+uiun of prc�ceeds t��princip��l shull not
<br /> extend or rx�st�ne the due d�le uf the scheduled{�:ryntent nar ct►ange thc+imuu��t of any puymrnt,Any rxc�:+s will tx:
<br /> '"' puid tc� the Grnntor. It the Pruperty is ucc{uircd hy I.,ender.Gruntor's right to i►ny insurance ��liciex and procecds
<br />._•.�;�;.,Y� ,� resulting frum damage to tho Pro�rty tx;forc thc acquisition shall pnss to Lcndcr tu the cxtcnt uf thc Sccured Dcbt
<br /> immcdiatcly hefarc thc acyuisilion.
<br /> 20. F.SCROW FOR TAXF.S AND INSULYANCG.Unlc�.ti otlunvisc pra�idcd in a scpar7tc agrccmrnt,Grantcir will not -
<br />°-� be rcyuireci to pay lu l.andcr funds for t�uces and insurtmce in cscruw,
<br />- � ��� 21. H7NANCIAl.REPORTS AND ADDITIONAI.DUCUI41FN1'S.Gruntor wfll providc t��Lcndcr upcm rcqucst,any
<br />� fin�ncicd st�tement ur informntion Lender may dcem reasonably ncccssnr�r. Grnntor agn:cs to si�n,dclivrr,nnd fil�
<br /> _' -��.��� uny additional documents or certifications that l.endrr may cc�nsider necessnry to perfe.ct,continue. and preserve
<br /> Grant�r's obligiUions under this Sccurity lnstrument and l.endcr S lien stntus un the Praperty.
<br /> 22. JOINA'AND lND1VIDUAL LIABILITY;CO•SIGNERS;SUCCF SSURS AND ASSIGNS BnUND. All dutics
<br /> under this Security Instrument are joint and individual.If Grantc�r si�ns thiti Sccurity lnstn►mcnt but dacF not sibn an
<br />__�,�t..,��. cvidence of debt,Grantor does so only ta mortgagr Grantar's interest in the Property ta securG p�ymwnt of the
<br /> Sccurcd Debt and Grantot does not agrce to bc perso�:3lly liable on the Secured Debt. If thi5 Security Instrument
<br /> ` t" '_• secures a guAranty betwecn Lcnder and Grantor, Grantar agrces to waive any rights that may prcvent Lr.ndcr !rom
<br /> =�.;�°: bringing any action or claim lgainst Gr�ntor or any party indrbted under the obli��tion.These rights m:�y include,but
<br />:.�ia°��;i are not limited to,any anti-de6ciency or one-actian laws.Grantar agr�es that l..ender and any party to this Security
<br /> � Instrwuent may extend, modify or make any chanRe in the tcm�s of this Secu�ity In�;t�ument or any evidence of debt
<br />"�d�''rr without Grnntor's consemt.Such a change will not release Grantar fmm the tcrms of this Security Instrument.The
<br /> ''r�:;'_ duties and benefits of this Security Instrument shall bind and benefit the succrsson and assigns of Grantor and Lender.
<br /> �'���' Z3. APPLICA�LE LAW;SEVERABILITY;IIVTERI'RCTA1'ION.This Security Inst�umcnt is�overned by thc laws of
<br /> :=-.�'��-� the jurisdiction in which Lender is lacuteci.exccpt ta the extent uthenvise requurcd by the laws of the jurisdiction
<br /> ,;;,��� where the Property is located.This Security instnu.�ent is complete and fully intcgrat�d.Thig Security Instrunxnt may
<br />_-=� �:,. not be amended ur modificd by oral agreement. Any section in this 5ecurit}- Instrument, attachments,or nny
<br /> °;=I�:
<br /> agreement related to the Sccured Debt that conflicts with applicubJe law will nat be effcctivc,unlers that law expressly
<br /> - ~ or impliedly permits the variations by written agreemenl.If any section of this 8ecuriry Instrument cannot be enforced
<br />�"_� Fy ' according to iu terms,that section will be severed and will not aifect the enforceability of the remainder of this
<br /> �,��`�� Security Instrumcnt.Whenevcr uscd,the singular shaU includc:the plusnl and the pltual the smgular.The captions and
<br /> -_��� headings of the sections of this Se:curity Instrument are.for coavenience only and sre not to be used to intcrpret or
<br /> -=sw define the terms of this Securitv Instrument.Time is of the essunce in�this Secunty Instrwnent.
<br /> - 24. SUCCESSOR TRUST�E. Lendcr, at Lendcr's option.may fronr tim�: to timc removc Trustec and appoint a
<br /> successor trttstee without any other formality than the desig�atian in writing. The successor trustee,without
<br /> conveyance of the Propeny,shall succeed ta all the title,power. ar.rd duties confened upon Trustee by this Security
<br /> Instrument and applicable law.
<br /> ?S. NOTICE.Unless othcnvisc required by law, any notice sl�c�ll be given by dclivering it or by mailing it by fust class
<br /> mail to the appropriate pany's address on page 1 of thcs 5ecurity Instrument,or to any other address designated in
<br /> � writing.Notice to one grantor w►!l be deemed to be notice to aIi grantars.
<br /> Z6. WANERS.Excr,pt to ttae extent prohibited by law,Grantor waives all appraisement and homestead exemption rights
<br /> � relating to the Properry.
<br /> 27. OTHER TERMS.If checked,the following are applicable to this Security Instrument:
<br /> "� }� Line oi Crediw 1fie 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 /> - ❑ Conctraetion Loae.This Security Instrument secures an obligation incurred for the construction of an
<br /> improvement on the Property.
<br /> ❑ Fixture Filing.Grantar grants to Lender a security interest in all goods that Grantor ow��s now or in the
<br /> future and that are or will become �xtures related to the Property.This Security Instrument suffices as a
<br /> 6nancing statement and any carbon,photographic or other reproduction may be filed of record for purposes
<br /> of Article 9 of the Uniform Commercial Code.
<br /> ❑ Ridere.The covenants and agreements of each of the riders checked below are incnrporated into and
<br /> supplement and amend the terms of this Security Instrument.[Check all applicable boxesJ
<br /> ❑Condominium Rider ❑Planned Unit Development Rider 0 Other..........................................................
<br /> ❑ Additiond Terms.
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<br /> � '°�`?�'� SIGNATURESs By signing below.Grantor agrees to the tercns and covenants contained in this Security instrument and in
<br /> � ,� any attachments.Cirantor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1.
<br /> �'s�
<br /> ;�at:.l•"��?�;-. ' . �1
<br /> __-=��' ' 07/30/97 � lr.........
<br /> '"��tiS�: (Signaturo) . . ..... .. .........._. ...... ....................�Date) (Signawre) . ....... ... ...........�Uatc)
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<br /> KENNETH L CUDDEF Rb NAN Y� CUODEFORD
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<br /> WLEDGMENT:
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<br />,,, STATE OF . NE ASKA . C0131�'OF....................JULY.. .. .......I �ss.
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<br />-•. . ,F My commission e:xpires: ��� ��_
<br /> (Sa:aU ' . ' .��:.�:��.�w.I.t:.rLt.aG..r.
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<br /> _�. �';���•., �NERAI NOTAAr•Slate of Nebr�s►a � _
<br />� ''"'"'a"M' O�99�Br�Kf Syehnb.irc.SI CbuC.NN d�E00391-YSrO W�pE-0T•NE b&9� �' KATHLEEN A.SCHUICHTER 4 of�1
<br /> My Comm.ErD.May 21.2000 (l�9e 1
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