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<br /> . ' '� Unlcss othcrwisc ngrccd in writing,all insurancc procceds shAll bc upplicd to thc restoration or repair of thc Properry
<br />- �� or to thc Sccurcd Dcbt,whcthcr or not then duc,at I..cndcr's option.Any application of procccds to principal shall not _
<br /> �� ��•� cxtend or postponc thc duc datc of thc scheduled paymcnt nor chiingc thc i�mount of any payment.Any excess will hc -
<br /> �'` paid ta iho Grentor. If the Property is acquired hy I.ender, Grnntor's right to any insuranee pc�lieies and proceeds
<br /> resulting from damage to the Property before the acyuisitian shrdl pass to Lender to thc extent of the Sccurcd Debt
<br /> •• �: immediatcly beforc thc acyuisition.
<br /> :4,`�,� 20. ESCItOW FOR TAXES AND INSUIiANCE.Unless otherwise provided iii A scplratc ngrecment,C;rantor will not
<br /> be required to pay tu Lender funds for taxes und insurance in escrow. -
<br />_;,��� 21. F[NANCIAI.REPORTS AND ADDITIONAI.DOCUMEIVI'S.Grantor will providc to Lendcr upon rcqucst, any
<br />--,�.-.-�-�. Gnnncial statemcnt or informntion Lcndcr rtsay decm reasanably ne�essary. Grantor agrecs to sign, dclivcr,and filc -
<br />-. - any additional documents or certiCcations that Lender may consider necessary to per(ect,ccmtinuc,and preserve
<br /> � ' �, Grantor's obligations under this Security Instrument and Lender's lian status on the Property.
<br /> 22. JOINT AND INDIVIDUAL LIABILITY;CO•SIGNERS;SUCCESSORS AND ASSIGNS BOUND. All duties -
<br />� • � under this Security Instrument are joint and individual.If Grantor signs this Security Instrument but does not sign an
<br />-� evidencc of debt, Grantor does so only to mortgagc Grantor's intcrest in the Property to secure payment of the
<br /> Secured Debt and Grantor does not agree to be personally liable on the Secured Debt.If this Sccurity Instrument
<br /> .. secures a guaranty between Lcndcr and Grantor,Grantor agress to waivc any rights that may prr,vcnt l.ender from -
<br /> �.: bringing any action or claim against Grantor or any party indebted under tlie obligation.These rights may include, but -
<br /> - are not limited to, any anti-deficiency or one-action laws.Grantor agrees that Lcnder and any party to tris Secudty
<br />". � Instruu�ent►uay extend,modify or makc any changc in the tcrms of this Security Instrument or any evidcnce of debt _
<br />_ . without Grantor's consent.Such a change will nut release Grantor from the terms of this Security Instrument. Thc
<br />- • dutics and benefits of this Security Instrument shall bind and bensfit the successors and assigns of Grantor and Lender.
<br /> „ 23. A1'PLICABLE LAW;SEVERABILII'Y;INTERPRETATION.This Security Instrument is govcrned by the laws of =
<br />_: . � the jurisdiction in which Lender is located,except to the extent othenvise required by the laws of the jurisdiction
<br />- where the Property is located.This Security Instrument is complete and fupy integrated.This Security Instrument may
<br /> ' not bc amended or modificd by oral agreement. Any section in this Sccurity Instrument, attachments,or any
<br /> , . ugreemcnt related to the Secured Debt that conflicts with applicable law will not be effective,unless that law expressly
<br /> or impliedly permits thc variations by written agreement.If any section of this Security Instrument cannot be enforced
<br />=�� . according to its terms, that section wiA be severed and will not affect the enforceability of the remainder of this
<br />— ' Security Instrument.WhenevGr used,the singular sl�all include the plura!and the plural the singular.The captions and
<br />-�� ° headings of the sections of this Security Instrument are for convenien�ce only and are not to be used to interpret or
<br /> ; �• cieCne ihe term�uf ihi�Secu�ity Iii�iiu�iic�ii.Tir���is of thc cssenec ir►111jJ JVMZITI\r IZ�JiI'iiSllCiit.
<br />�: . � � 24. SUCCESSOR TRU3TEE. Lcndcr, at Lcnder's option,may from time to time remove Trustce and appoint a
<br /> successor trustee without any other formality than the designation in writing.The successor t:ustee, wittrout
<br /> - ' convcyance of the Praperty,shall succeed to all the title,power and duties conferred upon Trustee hy this Security
<br />_ .'��` Instrument and applicable law.
<br />'v � � 25. NOTICE.Unless othcrwise required by law, any notice shall bc given by dclivering it or by mailin�it by Crst class
<br />-;:�: ..� '"�� mail to the appropriatc party's address on page 1 of this Securiry Instrument,or to any oth�;r address designated in
<br /> 9�`' "" '' "`�' writing.Notice to one grantor will be deemed to be notice to nll gran.tors.
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<br /> , 26. WAIVERS.Except to the cxtent prohibitcd by law,Grantor waives all appraisement and homestead exemption rights
<br />_.',..�-,.., � rclating to the Property.
<br />;;;m ;. �. 27. OTHER TERMS.If checked,the fallowing are applicable ta this Security Instrument:
<br />�s•r.�;�
<br /> �,,;�;:• _• �j{ Line of Credlt.The Secured Debt includes a revolving line of credit provision.Although the Secured Debt
<br />_ -" "!'���' may be reduced to a zero balance,this Security Instrument will remain in effect until released.
<br />_�'.,--:..: ..,�„� _
<br /> „�;;,,,,..,...� • ❑ Construction LoAn.This Security Instrument secures an obligation incurred for the construction of an
<br /> _-- �. - ,� improvement on the Property.
<br />` ' ❑ Fixture FYling.Grnntor grants to Lcnder a sccurity interest in all goods that Grantor owns now or in the
<br />;t;. future and that arc or will bccomc fixtures rclatcd to thc Property. This Security Instrument sufCices as a
<br /> -- ••.�•• �nancing statsment and any carbon,photographic or other rcproduction may be filed of rccord for purposes
<br />- � . , of Article 9 of the Uniform Commercial Code.
<br />-` - � i. ❑ Riders.The covenants and agreements of each of the riders checked below are incorporated into and
<br /> �""�: �• • supplement and amend the tcrms of this Security Instrument.�Check all applicable boxes]
<br />„ . .
<br />__« ..
<br />- • ❑Condominium Rider ❑Planned Unit Dcvelopment Rider ❑Other
<br />� ❑ Additional Terms. ..........................................................
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<br /> `� SIGNATURES:Ay signing helow,Grantor agrecs to the terms and covenants contained in this Sccurity Instrument and in
<br /> any attachments.Grnntor also acknowledgcs receipt of a copy of this Security Instrument on the datc stated on page 1.
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<br /> ACKNOWLEDGMENT:
<br /> STATF OF.,.,NEBRASICA ,.,,,.,CO N OF HALL
<br /> ................................... ..................
<br /> . . . ss.
<br /> �������,,���� This instrument was acknowlcdged bcfom me this . 3� day of........��C�`Mg�'ft:':::::::;::Y5:9'7:
<br /> b HICHA6L N HCDONALD AhD IBH,1 L NCDONALD, dUS9AHD 6HD��tifp��,���������
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<br /> My commission cxpires: ^ �
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<br /> (No�ary 1'ublic�)
<br /> ' �I, GENERa�t�O(ARP•SlatrofNrb�asta
<br /> KAiHLEEN A.SCHLACHiER �
<br /> � `'��� My Comm.�p Ma�21,?000 �
<br /> . O tq96 Bankoro SYS�em�,hic.5�CbW.MH�1 800-39I�YS4�1�ortn RE•OT•NE fl�&91 (p3gA 4 of 4)
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