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<br /> Unlcss otherwise agrced in writing,all insurnncc procceds shall be npplicd to thc restaration or rcpair af thc Aroperty
<br /> or to the Secured�ebt.whether or not then due.at Lender's uptian.Any application of proacds to prinaipal shall not
<br /> eactend or pnstpone the due dnta of the scheduled payment nur change the amount of any peyment.Any uxcess will be
<br /> paid to the Grantor.If the Property is acquired by Lender,Grantor's right to any insurancc policles and pracceds
<br /> resulting from damage to thc Property befare the acquisitton shall pass to Lender to the catcnt af the Sccured Debt
<br /> immediately beforc the acquisitIon.
<br /> 20. FSCROW FOR TAXES AND INSUMNCE.Unlcss othcrwfse prnvided in a scpriratc agree�nent,Grantor w1U not �
<br /> be required to pay to Lertder funds for taxes and insurance in escrow.
<br /> «� �,.�u��.��r�n�ra w*m �nn17TONAI.DOClJME1V'I'S.Grantor will providc to Lendcr upon request.any _
<br /> Hnancial statemcnt or information L.ender may deem reasonably necessary.c-+rantor e�rees to sign,dellver.and flle
<br /> any addittonal dacuments or certifications that Lender may consider n�e.essary ta perfect, conttnuc, and preserve
<br /> Grantor•s obligations under this Securiry Insuument and Lender's Ifen status on the Property.
<br /> Z2. JpIIV1'E►ND INDIVIDUAL LIABILITY;COSIGriIEIZS;SUCCESSORS AND ASSIGNS BOUND.All duties
<br /> under this Securlty Instnunent are joint and individual.If(Irantor signs this Securiry Insteument but dces not sign an
<br /> evidence of debt,(irantor dces so only to mortgage draator's interest in the Pruperty to secure payment of the
<br /> Secured Debt end(3rantor dces not agree to be personally Gable o�the Secured Debt. It tttis Security Jnstrument
<br /> secures a guaranty between Lender and ornntor,Grantor agrees to w�ive any eights that may prevent Leader from
<br /> bringing any acuon or clalm against(3rantoz or any party Indebted un�12r tl�e ob�ligation.TLese ngdts may inciude,but
<br /> are not limited to.any anti-deficiency or one•acdon lews.Gcantor tir,x�es that I.ender end any party to this Security
<br /> Instnunent may exteud,u�odify or makc any change in the tera�s of tlils Seeurity Insmiment or any evider�re of debt
<br /> wiWout (irantor's consent.Such a chaage will not release Gsa�ntior from the terms of this Security Instri�nicnt.The
<br /> duues and benefits of this Security Instrument shall biad and benefit the successors and essigns of Cirantor and I.endar.
<br /> 23. APPLICABLB I.AW;SEVERABILTfY;IlVTERPRETATIOI\.Th➢s Security Instrumentis governed by the laws of
<br /> the jurisdlcrion in which L.ender is located except to the extent otherwise required by the laws of the jurlsdiction
<br /> where the Property is located.This Security Instcuatent is wmplete and fully integrated,TLis Security[nsuument may
<br /> not be arnended or modifiad by oral agreemeat. Any sectioa in this Security Instrument,attachments,or any
<br /> agreeaient refated to the 9ecured Debt that conflicts wiW applicable law will aot be effective,unles.g that law expressly
<br /> or impliedly permits the varlations by written agceement.If any s�cdion of this Security Insmiment cannot be enfomed
<br /> according to its terms,that section will be severed and will not affect the enforceabiliry af the remainder of this
<br /> Secudty Instrument»Whenever used,t6e singular shall include the plural and the plural thesingular.The r,aption.c and
<br /> heudings of the sections of this Security Insuument are for convenlence only and sie not to be used to interpret or
<br /> define the terms oi thia Security Lisi.�uaid.Tu,-t�is af ihc..�:.;.s�!n il�is�airii;Ir�tn!�±ent-
<br /> 24. SUCC�SSOR TRUSTEE.L.ender, at L.ender's aption,may from ttme to time remove Trustee and nppo9nt a �
<br /> successor trustee withnut any ather tormality than the designattoa in writing. Tbe successor trustee, without
<br /> conveyance of the Property,s6ap succeed to aU the title.power and duties conferred upon Trustee by ihis 3ecutity
<br /> Instnunent and applicable{aw.
<br /> ?S. NOT[CE.Unless othercvlse required 6y law,any notice shaU be given by delivering it or by mailing it by 6rst class
<br /> mail to We appropriate party's addre.ss an page 1 of this Security Instrument.or to any other addr�s das�gnated in
<br /> wridpg.Notice to oae grantor will be deemed to be notice to all gcanto�s.
<br /> Zb, WAIdERS.Except to the cxtent prohibited by law,Grantor waives ail appraisemeat and 6omestead exemption rights
<br /> relating to We Properiy.,
<br /> 27. OTHER'fERMS.If checked,the following are appGcable to this Security InStrument:
<br /> � 1Le of Credit.The Sectued Dabt includes a ravolving line of credit prov�sion. Although the Secured�Debt
<br /> may be reduced to a zero balance.this Security Insmiment will remnin m effect undl released.
<br /> ❑ Coratnctio� I.o�a.This Security Instrument secures an obligation Incuned�for the construction of aa
<br /> ' improvement on the Property.
<br /> ❑ Fizprre I�iWS.Grantor grants to Lender a sBCUrity interest in all goods that Grentor owns now or in the
<br /> - futwe and thst are or will��,cor:ie firtures selated to the Prn�,erty.This Securiry Instrument suf6ces as a _
<br /> 6nancing statement aad any carbon,photographic or other reproducuon may be filed of record far purposes
<br /> of Axticic 9 of the Uniform Caaunercial Codc.
<br /> ❑ Riden.The covenants and agreements of each of the dders checked below are incorporated iato and
<br /> supplement and amend the terms of this Sec�uity Instrument.[Check ap applicabla boxes]
<br /> ❑Condominium Rtder ❑Planned Untt Development Rider ❑Other....,,,.._..,,............................................
<br /> ❑ A�dlHo�al Tee�.
<br /> SIGNAIVRES:By signing below,Grantor agrees to the terms and covenants contaIned in tl�n Sc;surity'..�smiment and in
<br /> any attachments.Grantor also acknowledges receipc of a copy of this Security Instroment anthe date statwd on page 1.
<br /> Y���Q'���...08/25/97 ....... �/�� OS/25/97
<br /> re� ............. ....��...1.�..�.r.::-::.�:�^�..........................
<br /> s:�;i�i tI�YDTA11 • nscnQhvt (Date) �Sianaturc) �IELNA A DISBROW (D�tej
<br /> ACKNOWLEBGMENT:NEBRASKA HALL
<br /> STATE OF...............................,..............................C0�1�1�C OF................ ..�k(lOIfST.................t99';..�ss.
<br /> c�„s„sa�.n '��4�I���S����f�1��1@�I�fAfD•rt�...........dayo[.......,...._..................................................
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<br /> Mp wmmission expires: '
<br /> (Scsl) . ........ ..... .�� .................................................
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