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. . _. . . . . ...�..'L�.rv►1n{G�. .._ -- .,...�. '. "'_ ____ ..�� ....p. . .. .�.. �^a . . __— _ .. _—_--- ..�`: f•��y� F i1YfY4.�:e.Aa�- ..- . .. �i.�..:f:. .. 'vi...__._i."__ ..._.�. .a..._. .—�.._�'1�.-.... � '' 91 �/� �� Unle�.9 othenvise ag�ced in writing,all insurana proceeds shall be a{�plicd to thc restoratIon or repair af thc Property or to the Secured Aebt,whether or not thcn due,at Lender's option.Any appltcatian of pracccds to principal shall nut extond or postpone the due date of the scheduled payment nnr change the amaunt of a��y payment.Any cxcess will be peid to tha Grantor.If the Property is acquired by l.ender.Qrantor's cight to any insurance policies and proceeds resulting from dbmego to the Praperty bcforc thr xcquisitton shaU pass to Lendcr to the extent of the Secured Debt imm�diately before the acqutsition. 211. ESCROW FOR TAlCES AND IN9l1RANCB�Unte�.s othcrwise providcd in a sepuratc agrcement,Grantor wUl not be required to pay co Gender Gu�ds for 4ea:es and insucance in cscro�v. 21. I�tN ��ANCiAL REPOR'��n��nm�ma deDemCrea.�ably�n�ecessery.C}ranrto egrees to sign,d�li e�ruand file any sdditional documents or ccrtifications that Lender niay conslder necessary tu perfect,continue,and preserve (irantor's obligations under this Securlty Instrument and I..ender's Uen status on the Property. 22. JOYNT AND INDIVIDUAL 1�IABILITY;CO-51GNERS;9UCCE9SORS AND AS9IGNS BOUND.All duties under thi�Securtty Instnunent sue joint an�'Indlvldual.If Grantor signs tlus Security Instrument hut dces not sign an ev�dence of debt,Grantor dces so only to mortgage (irantor's interost in the Property ta secure payment of tde Secured Debt and (irantor dces not agree to be personaUy llable on the Secured Dabt. If this Secunty Instrumcnt secures a guaranty betwcen Lender and Grantor,Grantor agrees to walve any rights that may prevent Lender from 6ringing any actloa ar claim against Grentor or any party[ndebted under the obligatton.'I'hese dghts may include,but are not limited to. any anH-deficiency or one-action Iaws.draator agrses that L.ender and any party to this Security Instrument may extend,modify or makc any change in the tec�ats of this Security Instrument or any cvidence of debt without C3rantor's c�nsen� Such a change will not release Grantor frotn the terms of this Security Insuument,T6e duti�s and benefrts of this Security Instrument shall bind and benefit the successors and assigns of Cirantor und iender. ?3. APPUCABLE LAW;SEVERABII.iTY4 QV'i'ERPRETA170N.This Security Instnimeat is govemed by the laws of the jurisdlction in which Lender is located.except ta the extent otherwise requlred by the laws of the jurlsdiction where tho Property is located.This Security Instnunent is complete and fully integrated.This Security Instrument may not be amended or modi�ed by oral agreemcnt.Any sectton in this Security Instrument�attacbments, or any agreement related to the Secured Debt that conflicts with applicable law wfll not be effective,unless that law expressty or unpGedly permits the variations by written agreement.If any secdon of this Security Iastniment cannot be enforced according to tts terms.that scction will be severed and will not affect the enforceability of the remainder of tlds Secur[ty Instrutnent.Whenever used,the singular shall inclade the plural and the plural the singular.The captiops$nd headings of the sections of this Security Instrument axe for convenicnce only and are not to be used to interpret or de6ne the tem�s of this Securiry Instrumeat.Time is of the essence in this Security Iustrument. �,,;� „j��aQ.^„°.=rJ�':��.LsQS�er,at r P��i�r•c option; may from time to time remove Trustee and appoint a successor trustee witbout any other formaltty than the desigaation in wr�ting.The successor trustee,wlthout conveyana of the Property,shaU succeed to all the title.power aad duties confcned upon Trustee by thia Sectuity lnstrument and appGcable law. 25. NOT[CE.Unless otherwise required by law,any notice shall be given by flelivering it or by mailing it by first cl�es mail to the appropriate party's address oa page 1 of th�s Security Instroment,or to any other address designatcd ia �rriting,Notice to one grantor will be deemed to be aodce ta all grantors. Z6. WAIVERS.L'xcept to the extent prohibited by law,Grantor waives all appraisement end homestead exemptton rig6ts relating to the Property. 27, pTHgR 1ERMS.If checked,the following ere applicable to this Security Instrument: � Lt�e ef Gredit.The Secured Debt includes a revolving line af credit provision.Although the Secured Debt may be reduced to a uro balance.this Security Instcument wlll remain in effect until released. ❑ ('oustnctto� Lo�e:This Securlty Instrument secures aa obligation incurred for the coastruction of m improvement on tiie Property. ❑ I+lxtwre Filiu�. Grantor grants to I.ender a security interest in ail goods that Gruntor owas now or ia the future and that are or wlll become 6xtures related to the Property.This Secarity Inatrument sufCces as a �inancing statement and any cerbon,photographic or other reproductton may be Ciled of reoord for purpaees uf Article 9 of the Uniform Commercial Code. ❑ Rider�.The covenants and agreemeats of each of thc riders cbecked below are incorporated iato and supplement and amend the terms of this Security Instrument.[Check all spplicable boxes] ❑Condominium Rider C�Planned Unit Devclopment Rider ❑Other......................................................,... ❑ Addiflowl Terms. SIGNATURBSs By signing below,Grantor agrees to the terms and covenants cuntained in this Security Instrument and in _ any attachments.Cirantor also acknowledges receipt of a copy of this Security Instrument on the date stated on pag�1. ' �2��,�►��24/97 ....................... �5i.. .�r CYN`f...IA M NO� 3f� ��(Datej (Si�iaturo).................................................. "��itej. ACKNOWLEDGMENT:N�,BRASKA HALL --- S'I'ATE OF..............................................................Cn��l�OF.....................(?C'f'p8Elt...............t99?•�ss. u�.a�.�� Thi�t��1��,a��re mc this........................day of.................,................................,............ __ My commission expires:....................................��...........................,.. .....................,....,,.... -= (Scal) .w.. .. .. .. ............... a�ry Publk) _� � GENERAIMOTAR�•S1�teotReb�sk� S�OTT C.KISSIER My Can�.Eip.t�y 31.199A O lOW B�nlw�B1rNKm.Ine,B1.Cbud.MN(1�ptl0,'1o7•7SI1) Fam REDT•NE ddW (pp�4 of 4) ±1] � �