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<br /> Uniess otherwise agreed in writing,ail insurance pracecds shnll lx�applicd to tnc rc:st�srntiun or repair af the Property
<br /> or to the Secured Debt.whediet or not then due.at 1.enJer's uptiun.f1.ny:►pplica�icm of prucecds tc►principal sfiall nat
<br /> extend ar posipone the due date of the schcduled paymcnt nor change tl►c�miount uf nny ps�ymcnt.Any cxcca9 witl bc
<br /> paid to thc Grantor. If the Propofty is ecquircd by Lendcr, Grentor's right to uny insurcince p��licies i�nd proceedn
<br /> resulting from damage ro the Property bcfnre the acquisition sh�ill puss tu l.�:nJee to the extent of thc Sccurcd Debt
<br /> immediatcly beforc the acquisition.
<br /> 20. ESCROW FOa TAXFS AND INSURANC�. Untess othcrwise provided in n s�:pnrate ngmcmem,Grnntnr will nUt
<br /> be required to pay to L.endcr funds for taxes ana insuranc�m�scruw. °
<br /> 21. FINANCIAL REPORTS AND AADrI'IONAL DOClJ111BNTS.Cirantor will pravide to I.ender upon rcyuc,t,any
<br /> �nancial statement or information Lendcr may deern rcasonably necessary. orantor ngrccs to sign, dctivcr,and Gle
<br /> any additional documents or certifications that Lender may consider necessary to perfect,continu�,:�nd preserve
<br /> Grantor's obligations under this Secuyity Instrurnent and Lcnder's lien stntus an the Property.
<br /> �, Jp�IV't',�1VD INDIVIDUAL LIABILITY;COSIGNERS; SUCCESSORS AND ASS[GNS �OUNA. All dutics
<br /> under this Security Instrun�ent are joint and individual.If Orantor sIgns thls S�:curity Instrument but does not siF,n an
<br /> evidence of debt,(3rantor dces so only to mcirtgage Grantor's interest in the Property to secure payment of the
<br /> Secured Debt and Gsantor does not agree to 6e personally Gable on ►he Secured Aebt. if this Security Ir�strument
<br /> secures a guaranty between Lender and C}rantor,Grantor a�rees to wnive any rights that may prevent Lendcr from
<br /> bringing any action or claim agalnst Grantor or any party indebted under the obligation.These rights may tnclude,but
<br /> are not limrted to,any anti-de6ciency or one-action lews.(irantor agees that Le.nder and any party to this Security
<br /> Iastrument may extend,modify or mnke any change in the terms of this Securiry Instrument or any evidencc of debt
<br /> without Gran4or's coASen�Such a chan�e will not rekase Graator from the tcr�ns af this Security Instrument.The
<br /> duQes and benefits of this Security Instrument shaU bind and benefit the sur,cesso�s and sisssigns of arantor and Lender.
<br /> Z3. APPLiCABLF LAW;SEVERABILTTY;INTEItPRE'I'ATiON.This Security Insuumcnt is govenned by thc laws of
<br /> the jurisdiction in which Lender is loeated,except to the extent othecwise required by the laws of the�urisdiction
<br /> �vhere the Prape�ty is located.This Security Instrument is complete and fully integrsted.This Security Instrument may
<br /> not be amended or modiCed by oral agreement. Any section in this Security Instrume�t, attachments,or any
<br /> agreement relatecl to the Secured Debt that conflicts with applIcable law will not be effective,unless that luv�expressly
<br /> or impiicdiy permits the variations by written agreement. If any sectIon of this Secwity Instrument cannot be enforced
<br /> flccording to�is terms,that section will be severed and will not affect the enfc�rccability of the remainder of this
<br /> Security Instrument.Whenever used�e siagular shall include the plural and t6e plural the singular.The captions and
<br /> heading.s of the sections of this Security Iastrument are for convenjence only aad are not to bo used to interpret or
<br /> defiae the ter�ns of this Security Instrument.Time is of the essence in this Security In�irument.
<br /> y� jv���ga�,�i�R i�a3�ic c. 3.en3er,ai Lcnd�r'o aption,msy fram tIme L!+li:�P remove Trustee and appoint x
<br /> saccessnr trustee without any other formality than the designation in writing.The succcssor trustee,without
<br /> conveyancr of the Property,shall succeed to all the title,power and duties confeRed upon'IYustee by this Security
<br /> Instrumcnt und appliceble law.
<br /> 25. NOTICE.Ualcss otherwise requ'ved by law,any notice sball be given by deGvering it or by mailing it by first class
<br /> mail to tbe appropriate party's address on page 1 of this Security Instrument,or to any other address designated in
<br /> writing.Noriw to one granror will be deemed to be noticae to all grantors.
<br />- �. dyA�!►ER�.Except to tite extent rrnhibited by law, Grantor waives all appraiseaient aad homestead exemptlon righis
<br /> relating to the Property.
<br /> 27. OTHER TERMS.If checked.the foUowing are applicable to this Security Instrument:
<br /> � Liee of Cr�dif.The Secured Debt includes a revolving line of credit ptovision.Although the Secured Debt
<br /> may be reduced to a 2ero balance,this Securiry Instruraent will remainin eHect until released.
<br /> ❑ Consiruction Loan. This Security Instrument secures an obl'ngation incurred for the constructton of an
<br /> improvement on tbe Properry.
<br /> ❑ Fjxture FiHnE.Grantor graats to I.ender a security interest in all goods that Grantor owns now oc in the
<br /> future and that are�r will becorae Cuctures related to the Property.This Security Iastrument suftices as a
<br /> financing statement and any carbon,photographtc or other reproduction may be filed of rer.ord 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 incorporated into and
<br /> supplement and amend the terms of this Security Instrument.[Check ell applicable boxea]
<br /> ❑Condominiem Rider ❑Planned Unit Development Rider ❑ Other..........................................................
<br /> ❑ Addi4io��1 Tenea
<br /> SIGNATUItESs By signing below,Grantor agrees to the terms and covenants contained in this Security Instrument and in
<br /> _ any attachments.Grantor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1.
<br /> �(I/ ........... .......... .......9�12 j91 ����G.��r./�','����� .. 09/12/97
<br /> . .... ... ... ............. ........ ...
<br /> "(�i8nrturc� JOE WATKINS (�au) Is�B���*a) gONEITA P WATKIN3 �ontej
<br /> � ACKNOWLEDGMEIV'h HALL
<br /> = STA'I'E OF..Nj3BRASKA....................................COUN'I'Y OF.........,..............................,,..........................�ss.
<br /> — u�a�r+a�a� 'I'h;s instrument was acknowled ed before me this 12TH dayuf......SEPTEMBER.. . 1.99 7.,,,.......
<br /> _ ....................... ......
<br />-•� b�BN11r..J0a./6tI1M3 AND S016ITA IAT�INS, HUlIA�D AND I1P8............ ................... ...._.. ...............,...............
<br /> ..............:.............................................~ ...... 1
<br /> .... ..
<br /> -- �
<br /> — My oommissfon expires• � �•�
<br />'= sc�i �..��,:.."
<br /> ................ ..... .. .. ................................
<br />__ (Notnry b Ic)
<br />_ A CENER�lNOTARY•S�IeolNebnsk� ,
<br />—� �� SCOTT C.KISSIER
<br /> My W�nat EtM1 W y J1,149! , . .b.
<br /> — OtYWBWUnS�Nm�,Ne.51 Cbud.lAH I�d06391•?SN)Fom�RE�OT�NE 6/891 wa��d4�
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