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��fi^�I 201206�� Unless otherwise agreed in writing, all insurance proceeds sha11 be applied to the restoration or repair of the Property or to the Secured Debt, whether or not then due, at Beneficiary's oprion. Any application of proceeds to principal shall not extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by Beneficiary, Tr�stor's right to any insurance policies and proceeds resulting from damage;to the Property before the acquisinon shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisirion. 20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any financial state�ment or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, dehver, and file any additional documents or certificarions that Bene�iciary may consider necessary to perfect, continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary s lien status on the Property. 22. JOINT AND_ INDIVIDUAL LIABILITY? CO-5IGNERS; . SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument aze joint and individual. If Trustor signs this Security Instrument but does not sign an evidence of debt, Trustor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If ttus Security Instrument secures a guazanty between Beneficiary and Trustor, Trustor agrees to waive any rip� ts that may prevent Beneficiary from bringing any action or claim against Trust,or or any �arty indebted under the obligation.. These rights may include, but are not limited to, any anri-deficiency or one-action laws. Trustor agrees that Beneficiary and any patt� to this 5ecurity Instrument may extend, modify or m�ke any change in the terms of this Security Instrument or any evidence of debt without Trustor's consent. Such a change will not release Trustor from the terms of this Security Instrument. The duties and benefits of this Security Instrument sh'all bind and benefit the successors and assigns of Tivstor and Beneficiary. 23. APPLICABLE LAW; SEVERABILITY• INTERPRETATION. This Security Instrument is govemed by the laws of the � urisdiction in which Beneficiary is locate�, except to the extent otherwise requued by th�e laws of the junsdiction where the operty is lbcated. This Security Instrument is complete and fully integrated. This 5ecurity Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured Debt that conflicts with apphcable law will not be effechve, unless that law expressly or imphedly permits the variarions by,written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that secrion will be severed and will not aff�t the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Security Insmiment aze for convenience only and aze not to be used to mterpret or define the terms of ttus Security Instrument. Time is of the essence in this Security Instrument. 24. SUCCESSO�t TRU5TEE. Beneficiary, at Beneficiary 's option, may from time to time remove Trustee and appoint a successor trustee without any other formality than the designation m wntmg. The successor trustee, without conveyance of the Property, shall succeed to a11 the title, power and duties conferred upon Trustee by this Security Instrument and applicable lavV. 25. NOTICE. Uttless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail to the appropriate pariy's address on page 1 of this Security Instrument, or to any other address designated m writing. Notice to one trustor' will be deemed to be notice to a11 mistors. 26. WAIVER5. I Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument: 0 Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a zero balance, this 5ecurity Instrument will remain in effect until released. � Cons�ruction Loan. This Security Instivment secures an obligation incurred for the construction of an improvement on the Property. 0 I�xtu�e Filing. Trustor grants to Beneficiary a security interest in all goods that Grantor owns now or in the future and that aze or will become fixtures related to the Property. This Security Instrument suffices as a financing statement and any carbon, photographic or other reproducrion may be filed of record for purposes of Article 9 of the U�iform Commercial Code. 0 Riders. The covenants and agreements of each of the riders checked below aze incorporated into and supplement and amend the terms of this Security Instrument. [Check all applicable boxes] � Condominium Rider � Planned Unit Development Rider 0 Other _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 0 Additional Terms. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. � , � �, - - - - -- ---- --------------�--iy��- ---- -- - - - --'----------------7� y_�IZ� / ( gnaawre) M r J r e i (nate> (signature> C h y 1 L B r e i mau> ACKNOWL TA ��• �EOF Nebraska ___________________ , COUNTYOF Hall___________________________ }ss. �"'�'� This 'knstrument was aclmowledged before me this 2 4 t h_ _ _ _ _ _ _ day of J u 1 y_ 2 012 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ by M�ar_k_ J_ Brei_. _Cheryl _L_Brei _(-��,_,�e,�__��_�: �'�------------------------- • My commission expires: 10 / 2 7% 2 012 ' GENERAI. NOTARY - State of Nebraska - ----- --- ------------------ , HOLLY THEIS (Notary Public) I _ My Comm, Exp. Oct. 27, 2012 H o 11 y T h e i s c� 1984 Woltera Kluwer Financial Servlces - Benkera SyatemsT� Form RE-DT-NE 12/15/2008 (page 4 of 41 VMP�-C766(NE) (o�os� � , , �