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<br /> 97— �p °I �.� d
<br /> Unlcss othenvise agreed in writing,ail insurunce procceds shall be applied to the rest ratlan or rcpalr of the Property
<br /> or to the Secured Debt,whather or not then duc,at Lender's optian.Any application of pracF;eds to principal shall nat
<br /> extend or pastpone the due date of the scheduled payment nor change the amo•�u►t of any payment.Any ex�ess will be
<br /> paId to the�rantor. If the Property is acquired by L.endcr.Cirantar's right ta any insurancc pc�licics and proceeds
<br /> resulting from damage to the Property before the acyulsitton shall pass to T.ender to thc extent of the Securcd Debt
<br /> immcdintcly before the Rcquisition �
<br /> 20. ESCROW FOR TAXES AND INSURANCE.Unless othenvise provided in a separate agreement,Grantor will nat
<br /> be req�ired to pay to Lender!'unds for taxes and insurance in escrow.
<br /> Zl. FINANCIAL REPOR'['S AND ADDTIIONAL DOCUMENTS.arantor wlll provide to Lender upon rcyuest,any
<br /> Cmancial stetement or informatIon Lender may deem reasanably necessary.Grantor agrees to sign,deliver,and file
<br /> any addltional documents or certificattons that Lender may canslder necessary to perfect,continue.and preserve
<br /> Grantor's obllgations under this Security Instrument and Lender's Uen status an the Property.
<br /> 22, JpINT,�Np INDIVIDUAL LIABILITY; CO-SIGNERS;SUCCESSORS ANO ASSIGNS BOUND. All dutIes
<br /> under thls Security Instn�ment are joint and individual.If Grantor signs this Securiry Instrument but dces not sign an
<br /> evidence of debt,(irantor does so only to mortgagc Grantor's interest in the Property to securo payment of the
<br /> Secured Debt and Grantor daes not agree ta be personally Uable on the Secured Debt.If this Security Instrument
<br /> secures a guaranty between L.ender and Grantor.Grantor agrees to waive any r�ghts that may prevent I.Ender from
<br /> bringing any action or claim against Grantor or any party Indebted u�der the obligation.These r�ghts may include,but
<br /> are not limited to,any anti-de6ciency or one-action laws.Grantor agees that Lender and any party to this Security
<br /> Instrument may extend.modify or auake any change in the terms of thLv Securlty Insuument ar any evidence of debt
<br /> without Grantor's consen�Such a change will aot release Grantor from the terms af tdis Security Instrument.l'he
<br /> dutIes and benefits of this Security Instmment shaU bind and bere8t the successors end as�igns of Grantor and Lender.
<br /> Z3. APPLICABLE LAW;3EYERABILITY;IIVTERPRETATION.This Secudty Instrumeat is governed by the l�ws of
<br /> the jurisdiction in which Lender is located, except to the extent otherwise required by the laws of the jurisdiction
<br /> where the Properry Is located.This Securiry Iastrument is complete and fulfy integrated.This Security Instrument may
<br /> not be amended or modified by oral agreement.Any sectian �n this Security Instrument, attachments,or any
<br /> agreement related to the Secured Debt that conflicts wlth applIcable law will not be effective,ualess that law expressly
<br /> or impliedly perrnits the var3adons by written agreement.If any section of this Secicrity Instrument cannot be enforced
<br /> aceording to its ternas,that section w{ll be severed and will not affect the enforceabil3ty of the remainder of thls
<br /> Secnrity Instrument.Whenever used.the singular aball include the plural and We plural the singutsu.The captions and
<br /> headinl�s of the sections of this Security Instrument are for converaence only and aro not to be used to iaterpret or
<br /> define the terms of this Security Instrument.l'ime ts ot the essence in tlus Security In�irunia,�i.
<br /> ?A. SUCCESSOR TAUSTEE.Lender, at Lender's option,may from time to tlme remove Trustae and appoint a
<br /> successor trustee without any other formxlity than the designation in wciting.The successat trustce,wtthout
<br /> conveyance af the Property,sdall succeed to al�the title,pow�r end duties confened upon Trustee by thls Securlty
<br /> Instrument and applicable law.
<br /> Z5. N01ICE.Unless otherwise required by law.any notice shall be given by delivering it or hy mailiag it by first class
<br /> mail to We appropriate party's address on page 1 of this Security Instrument,or to any other address desigaated in
<br /> wciting.Notice to one grantor will be deemed to be aotice to all granto�.
<br /> 26. WAIVERSZ.Except to the extent prohibited by law,Grantor waives all appraisement and homestead exeraption rights
<br /> relatiag to the Property.
<br /> Z'1. O'I�R TERMS.If checked,the following are appGcable to this Security Instrument:
<br /> � Li�e ot Ccedit.The Secured Debt includes a revolving line of credit pro�rision.Although the Secured Debt
<br /> may be reduced to a zcro balance,this Security Instrument wlll remain in effect until released.
<br /> ❑ Co�strnction Lo��.This Security Instrument secures an obGgation incurre�'for the construction of aa
<br /> improvement on the Property.
<br /> ❑ F�ture Fi�n�.Grantor grants to Lender a security interest in all goods that Grsu►tor owns now or in the
<br /> future and that are or will become fixtures relnted to the Property.This Security Instrumcnt sufCces as a
<br /> finaucin�statement and any carbon,photographic or other reproduct�Qn may be�led of record for purposes
<br /> of Article 9 of thc Uniform Commercial Code.
<br /> ❑ Ridere.The covenants and agreements of each of the rlders checked below are incorporated into and
<br /> supplement and araend the terms of this Security Instrument.[Check all applicable boxes]
<br /> ❑Condominium Rider ❑Planned Unit Development Rid�r ❑Other..........................................................
<br /> ❑ Addittomd Terme.
<br /> SIGNATURES:By sigaing beluw,Grantor agrees to the tertns and covensnts contained in this Security Instrument and in
<br /> any attachments.Grantor also ac wledges receipt of a copy of this Security Instrument on the date stated on page 1.
<br /> �����Lll���:`�G•�...........................10/30/97_ ��ns�+S7►, �'4.1.�X.1..����10�30/97
<br /> th��l lCI. au�rnl � � �tidtC)
<br /> - " (JIgIfIMNICJ M I CHAEL K E(3gERT' '"-"' '�°--�- ' BEETTA L,AxS�tv—�vtsnx�r
<br /> ACKNOWLEDGMENI:
<br /> STATE OF...NEBRASKA...................................COUNTY OF........HALL................................................j ss.
<br />— c��iawn This instrumcnt was ucknowled ed before me this....30TIi,,,,,,,,dAy�f.......OC'�'OBER..............1997
<br /> ..............
<br /> byMICUAB�,�,EOLE�i AMO QSB?TA L SBN:BaDE1Tt..8U3EAND AMD 1[FBt..............................................................................
<br /> ........................ .............. ................ � � '
<br />— My commission expires: ��_ • �. � ���,(�v
<br /> (Scal) ..�4�,Cr. ._���<kt..«U.r::....................................
<br /> ..... . ..........................
<br /> �NERAI NOTARr•SUte ol NeDnsk� (Notary PubSic)
<br /> OAVIO F.DOHMEN
<br /> My Comm.Exp.Aug�,2000
<br /> O 1BW B�nk�n 6y�trn�.4¢..SI CtouO.MN(t�E06397�2341)Fam RE-0T•NE AIdB4 (pape 1 d 4)
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