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<br /> ' ' '{ Unless �ithcrwisc c+grccd in writing,nU insuranci: prcxccds tihidl Uc applicd to thc resturation or rcpi�ir of thc PropcitY �{;; :
<br /> , � ••+• � or to the Sccured Ucbt,whcthcr c;r nut thcn duc, al l.�:ndcr's option.Any applicution of prcxceds to principa)shnll nat __
<br /> �• . �' extend or pu�tpcma the due dttte of iha scheduled pnyment nor change the amount of tiny payment.Any excess will be �.
<br /> ,,. paid to thc Grunlc�r. If thc Yroperty is ncquircd by Lender.Grantor's right to any insurance policies and prceceds P�t,,
<br />`•:���•� •� �� rcsul►ing trom dumngc to the Property tx:forc thc acyuisition shuU pass to Lcnder tc�thc extrnt of the Sccurcd Dcbt -_
<br /> : inuncdifrtcly beforc thc acyuisitian. ���;•
<br /> ,•.,,,�,� ?U. ESCRUW FOR TAXES ANl)INSURANCE. Untcss otherwisc provid�d in a scparatc agrccmcnt.Grant�r will not �
<br /> � he required to pay to[.ender tunds for taxes and insurance in escrow.
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<br /> 21. FINANCIAL REPORTS AND ADDITIONAI.DOCUMEN'1'S.Grantor will providc to l.cn cr upon requcst,any
<br /> finnncial statement or information I.ender mny deem rcasonably necessary.Grantor ugrecs to sign,dcliver,and filc
<br /> � ''3 ;�ny addltionnl documents or certifications thet l.ender may consider necessary to perfect, continue,and preserve
<br /> • �� Grantor's obligations under this Security Instrument and Lender's lien status on the Property.
<br /> 22. JOINT AND INDIVIDUAI.LIAaILI1'Y;COSI�NERS;SUCCESSORS AND ASSIGNS BOUND. All duties `
<br /> undcr this Security Instrument are jaint and individual.If Grantor signs this Security Instrument but does not sign an
<br /> evidencc of debt, Grantor docs so oniy to mortgage(lrantor's interest in the Property to securc payment of thc
<br />_:�k�•,`� Sccured Debt end Grantor does not agree to be personally liable on the Secured Debt. If this Security Instrument
<br /> • '� secures a �uaranty between Lender and Grantor,Grantor agrees to waive any rights that may prevent Lender from
<br /> : '•Y��:; bringi�g any actian or claim agninst Grantor or any party indebted under the obligation.These rights may includc,but
<br /> - � are not Itmited to,any Anti-deficiency or one•action laws. Grantar agrees that Lender and any party to this Security
<br /> ;`;��;, .,;, , Instrumcnt may extend,madify or make Any change in the terms of this Security Instrument or any evidence of debt _
<br />__;.�?�,�'l�r, without Grantor's consent. Such a change mll not release Grantor from thc terms of this Security Instrument.The
<br /> . , ,.,;� . dutics and benefits of this Sec��rity Instrument shall bind and beneCt the successors and assigns of Grantor and Lender.
<br /> ,';',�,`'.• 23. APPLICABLE LAW;SEVEItABILITY;INTERPRETATION.This Security Instrument is govemed by the laws of
<br /> ;`�;�'..+e, the jurisdiction in which Lender is located,except to thc,extent otherwise required by the laws of the�urisdiction
<br /> where the Property is IocAted.This Security Instrument is complete and fully integrated.This Security Tnstrument may
<br />:�,e.'����� not be amended or modified by oral agreement, Any section in this Security Instrument, attachments,or any
<br /> ..:�� ,
<br /> :..�i. agreernent related to the Secured Debt that conflicts with applicable law will not be etfective,unless that law express y
<br /> �•T.��� or impliedly permits the variations by written agreement. If any section of this Security Instrument cannot be enforced
<br /> _�.��� according to its terms,that section will be severed and will not affect the enforceability of the remuinder of this
<br /> �� Securit Instrument.Whenever used,the singular shall include the plural and the plural the singular.The raptions and
<br /> __yy`,a�� headings of the sectious of this Security Instrument arc for convemence only and are not to be used:o interpret or
<br /> ��`- ucfiva ihe ter+ns of this Sccurit}Instrument.Ti!ne�s�f�h�cc.�ence in this Security Instrument.
<br />�.��� 24. SUCCESSOR TRUSTEE.Lender,at Lender's option,may trom time to time remuve Trustee and appoint a
<br />—_--�-���� successor trustee without any other formality than the designation in writing. The successor trustee,without
<br /> — --- conveyance of the Property,shall succeed to aU the tide,power and duties conferred upan Trustee by this Security
<br />- - __ Instrument and applicable law.
<br /> - ZS. NOTiCE.Unless otherwis�;required by law, any notice shall be given by deGvering it or by mailing it by fust class
<br /> mail to the appropriate party's address on page 1 of this Security Instrument,or to any other address designated in
<br /> writing.Notice ta one grantor will be deemed to be notice to all grantors.
<br /> ___... Z6. WAIVERS.Except to the extent prohibited by law,Grantor waives all appraisement and homestead exemption rights
<br /> __— relating to the Property.
<br /> -- 27. 01HER T'ERMS.If checked,the following are applicable to this Security Instrument:
<br /> f$ Line ot 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 wiQ remain in effect until released.
<br /> ❑ ConstrucNon 1.oAn.This 5ecurity Instrument secures an obligation incuned for the construction of an
<br /> improvement on the Property.
<br /> --m—° ❑ Fixture Filing.(3rantor grants to Lender a security interest in all gaods that Grantor owns now or in the
<br /> _--- future and thet are or will become tixtures related to the Property.This Security Instrument sufCces as a
<br /> ___. _ financing statement and any carban,photographic or other repraduction may be filed of record for purpases
<br /> of Article 9 of the Uniform Commercial Code.
<br /> � ❑ Riden+.'The covenants and agreements of cach of the riders checked below are incorporated into and
<br />-�;=
<br /> supplement and amend the terms of this Security Instrument.[Check all applicable boxes]
<br /> ---- ❑Condominium Rider ❑Planned Unit Dcvelopment Rider Other..........................................................
<br /> ❑ Additional Terms.
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<br /> �:�=t`ti�"'�-� SIGNATURES:By signing below,Grantor agrees to the terms and covenants contained in this Security Instrument and in
<br /> _� �' '��4`° any attachments.Grantor also acknowledges receipt of a copy ot this Security lnstrument on the date stated on page 1.
<br /> :;:r:`�!��:�;.
<br /> -^'"���'F� °"'� ,�/��,�n 08!14/97 ' 08/14/97
<br /> �4'�r • !�{�`.'w4l�..1...... . . . ............. . .... .. . ...... ...... . .......................� ....�.
<br /> �=�-r _ _��i (�amre �� vnn�QT i1 i1G�Ri. (Dmc) (Sgnaturc) MIN I J SSEL Date
<br />;P..?�~`,~�'� ACKNOWLEDGMENT� ----- HALL
<br /> . ; STATE OF..�NEBRASKA................................_.,COI�I�OF.................. .............. �ss.
<br /> ' ..p►IIGUST�.................Z.9.9�..........
<br /> - ,: , c����heo��� Th���i'���'i��l����W�c��'¢b�9�.��,eA���iIFB..................dayof.....,............
<br /> �_ ' by............................................................................ .....................,._.............................................................................
<br /> —'�. My commission ex ires:
<br /> - �,,,.,���,.....���.................................................
<br /> ts���) �NERAINOTAfIY•St�It�INeDnsb (NutaryPuhlic)
<br /> MAEiK E.KENSTEN
<br /> Iry Co�.Ea0.�11.1M1
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<br /> _ ' . . ,�- , '. . (pa9e 4 0/4)
<br />-. � ' t O�F)910nkaifSytttm7.lnc.Sl Cbtq.MN(f�+�Y•�11 Fo�mNC-OT�NE 8/691
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