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<br /> - "'•`^ UnluFS�thcrwiu�ngrced in writing,xll insuri�ncc prncccda shnll Ix;applird tu th4 restunuion ur rcpair uf'tlu Pe��pc:rty =--
<br /> :��• c�r tu thc Sccund�ebt,wheth�c ot not lhen tlur„at Lendcr's option.Any upplica�ion c►f pnxccds tu prinripal shidl not _
<br /> �°�"f'. cxtend or postponrt tha Jur dntc ofi thc�che�ulcd paymrnt nor chi�ngc Qie i►mount c�f uny paymcnt.Any excc�.ti will he --
<br /> paid to thc C,rani�,r. li thr Pro�rty is .uqu)red by I_endcr,Grantor's right to .iny insurancc policie� and prcxecds r,
<br />.-`;;ti: �, resulting from dnmage to tho Pmperry hctaceihc acquisitiun shadl pass to l.�ndcr to thc cxtcnt of the Secured Debt
<br /> .:
<br /> ." � immr.di��tcly t+cforc thc ncquihit�un. _ _
<br /> - 211. ESCROW FOR TAX�S ANU IN�URAN�:B.Unlefis othenvisc pruviJ�J in+►scparutc�grueiucnt.Granlor will rul �LL
<br />_..;___y� t►c rGquircd to p�iy ta l.cndcr funds for t��xcs iind insurancp in escrow. _
<br /> _.�� 21, �INANCIAL BF;RO�RTS AND AUDI'IIONAL DOCUME:NTS.Gra.nt�r will providc to I�:ndcr upon rcyuest,any _
<br /> Gnancinl stntement ar informntion Lcndcr rnay dcem rensonably rtaGa�.4ary.Grantor ngrecs ta sign,delivcr. and file
<br /> • any additionnl document5 or cartiGcntions that Lcnd�r m�y considur nrcessary to perfect, continuc, and preserve
<br />_• _`.: Granror's obligatians undcr this Sccurity lnstrumant and Lendcr's licn status on thc Property.
<br />`�`j�:,,;;,;; 22. JOINT AND INDIVIDUAI,I.IANII.ITY.CA-SIGNERS;SUCCESSORS AND ASSIGNS BOUND.All duties «
<br />"-;,�;�. under this Security Instrumcnt ar�joint.and individuuL Ii Grantor signs this Security Instrument but doc:s not sign an
<br />-�==ta:� cvidencc of dcht.Grantor does so only tc+ mortgngc Grantor's inicrest in thc Property to securc paymcnt of thc
<br />��;,`_=�- Secured Debt and Grantur dacs not agree to be persc�nally liablc on th� Secured Dcbt. lf this Sccurity Instrument
<br />'�.,�'._+, secures n guaranty bctween L�:nder nnd Grantor.Grantor agrces to waivc any rights that may prevent Lender from
<br />�??°"•-• bringing any action or claim against Grnntor or any parly indebted under the obligation.These rights may include,but
<br />, i�i:
<br /> �_�� are not Iimit.;d t�eny nnti-deficiency or one-nction laws. Grantor agrees that L.ender and any party to this Secunry
<br /> .��,,_,� Inatrument:�;ig er.tcnd,modity ar make any change in the termh oi'r.laiti Security Instrumcnt or any cvidence of dcbt _
<br />-�_�r,��� without Gra.ntar's cansent.Such a change will nat rclease GrantUr f'rom tho terms of this Security Instrument.The
<br /> °��� duucs and benefits of this Sccurity Instrument shn[I bind and benefit the successo�and assigns of Grantor and Lender.
<br />.ws��
<br /> ry:� � 23. APPLICABLE I.AW;SEV�RA131�.lT1(;INTERPRETA110N.This Security Instrument is governcd by the laws of
<br /> th� jurisdiction in which l..endor is located. except to the extent otherwise required by the laws of the jurisdiction
<br />::�� wherc thc Property is located.This Security Instrumcnt is complete and fuUy intcgrated.This Security lnstrument may
<br /> `��`� not bc amended or modificd by oral agre:ement,Any sectian in this Security Instrument,attachments. ur any
<br /> -�� agreement reluted to the Secured Debt thut conflicts with applicable law will not bi.effective,unless that law expressly
<br />__=- — or impliedly permits the variations by written agreement.If any section of this Security Instrument cannot be enforced
<br /> - """� according to iGs terms,that section wiU be severed and will not affect the enforceability ot thc remainder of this
<br />'_-_ Sccuriry Instrument.Whenever used,the singular shall include the plural and the plural the singular.The cAptions and
<br /> headings of the sections of this Security Instrument�re for convemence only and are nat to be used to interpret or
<br /> _-_�� defia���e ic:ms of ihi�;ccurisy Iassrument. Tsms i:of ihe sssenee!n t!+.�s S�!'unty I�sts��ment.
<br /> -`,�� 24. SUCCESSOR TRUSTEE.Lender,at Lender's option, may from time to time remove Trustte and appoint a
<br /> - successor trustee without any othcr formality than the designation in writing.The successor trustee. without
<br /> -� conveyance of the Property,shall succecd to all the title,power and duties conferred upon Trustee by this Security
<br /> -° Instrument and appliceble law.
<br /> 1S. NOTICE.Unless otherwise required by law,any notice shall be given by delivering it or by mailing it by first class
<br /> mail to the apprapriate party's address on page 1 of this Sc;curity Instrument,or to any other address designated in
<br /> wriring.Notice to one grantor will be deemed to be notice to all grantors.
<br /> °— 1b. WAIVERS.�xcept to the cxtent prohibited by law,Grantor waives all appraisement and homestead exemption rights
<br /> -•= relating to the Pcoperty.
<br />� 27. 0'I7�IER TERMS.If checked,the following are applicable ta this Security Instrument:
<br /> . � Liae ot Credt�The Secured Debt includes a revolving line af credit provision. Although the Secured Debt
<br /> _--_ may be reduced to a zero balance,this Security Instrument will remain in effect until released.
<br /> ❑ Coastructton Loan.This Security Instrument secures an obligation incurred for the constsuction of sn
<br /> improvement on the Property.
<br /> ❑ F'ucture Filiag.Grantor grants to Lender e security interest in all goods that Grnntor owns now or in the
<br /> future and that are or will become Cutures related to the Property.This Security Instrument suf�ces as a
<br /> financing statement and any carbon. photographic or other reproduction may be Cled of recor�for purposes
<br /> of Article 9 of the Uniforcn Commercial Cade.
<br /> ❑ Ridere.'Y'he covenants and agreements af each of the riders checked below are incorporated into and
<br /> supplement and amend the terms of this Security Instrument.[Check all applicable boxesJ
<br /> — ❑Condominium Rider ❑Planned Unit Development Rider ❑Other..........................................................
<br /> - ❑ AddBtional Term�.
<br /> :�.�� _
<br /> F}I!Q.t�
<br /> --�°'-� SIGNATURES:By signing below.Grantor agrees to the terms and covenants contained in this Security Instrumer�t and in
<br /> �;�{�,:��� any attachments.Grantor also acknowledges receipt o(a copy of this Security Instrument on the date stated on page 1.
<br /> -���;a� -
<br /> =.=s�;�s��'� -
<br /> '`� x .,�C.1.�:!'r�!'..�.�..��.1�'G��q�-�k6/15/97
<br />—'-o��� ("Signem�ej ............`.. (Data) (Signnwre).......................................................................°•'�Datc)
<br /> n►nv r nnQnocv
<br />- - VAI�t L LvLt�uLS�
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<br /> '�.'� ��'�. ACKNOWLEDGMENT� =
<br />'� � HA
<br /> ' ' STATE OP..�NEI3RASKA ... COUN7'Y OF �ss. -
<br /> _. .. . .................................,............... . ..............LL...
<br /> �- . ���+rd���� This instrument was acknowled ed beforc me this....1 STH „day of.......Af}G��S`I`������������������1�I�'���
<br /> . byQAt1 L EOEl�EA� AM UMNAIlIED �IbOM............................. ........ .. ......... ...................................... =
<br /> .. .. My commission expires:.......... ......_.. .�. �
<br /> . ... •
<br /> .......... ................................ .. . ... ... .....................
<br /> ' �NER1LL NOTAR�•SI�Ie o1Meb�lAa iNotary Public) .
<br /> ` ° � SCOTT C.KI35LER
<br /> Ay Comm.E�a tAar 31. 19?d f
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