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200004176
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Last modified
10/13/2011 1:44:58 PM
Creation date
10/20/2005 8:30:36 PM
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200004176
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00004176 <br />nless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or tc <br />e Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall nor <br />:tend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be gait <br />the Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting <br />om damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediatel, <br />.fore the acquisition. <br />SCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not b( <br />quired to pay to Beneficiary funds for taxes and insurance in escrow. <br />[NANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will i rovide to Beneficiary upon request, an} <br />aancial statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver, and file an3 <br />lditional documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Grantor'; <br />)ligations under this Security Instrument and Beneficiary s lien status on the Property. <br />)INT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under <br />is Security Instrument are joint and individual. If Trustor signs this Security Instrument but does not sign an evidence of <br />,bt, Trustor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Trustor <br />)es not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty betweer <br />;neficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or clam <br />ginst Trustor or any party indebted under the obligation. These rights may include, but are not limited to, any <br />Iti- deficiency or one - action laws. Trustor agrees that Beneficiary and any party to this Security Instrument may extend. <br />odify or make any change in the terms of this Security Instrument or any evidence of debt without Trustor's consent. <br />tch a change will not release Trustor from the terms of this Security Instrument. The duties and benefits of this Securit) <br />strument shall bind and benefit the successors and assigns of Trustor and Beneficial. <br />PPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the <br />risdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where the <br />-operty is located. This Security Instrument is complete and fully integrated. This Security Instrument may not b( <br />vended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related tc <br />e Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the <br />riations by written agreement. If any section of this Security Instrument cannot be enforced according to its terms, tha <br />ction will be severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used, <br />e singular shall include the plural and the plural the singular. The captions and headings of the sections of this Security <br />strument are for convenience only and are not to be used to interpret or define the terms of this Security Instrument. Time <br />of the essence in this Security Instrument. <br />JCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint <br />ccessor trustee without any other formality than the designation in writing. The successor trustee, without conveyance of <br />Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and <br />plicable law. <br />[)TICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail to <br />appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing. Notice <br />one trustor will be deemed to be notice to all trustors. <br />AIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption right <br />rating to the Property. <br />TERMS. If checked, the following are applicable to this Security Instrument: <br />® Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may t <br />reduced to a zero balance, this Security Instrument will remain in effect until released. <br />0 Construction Loan. This Security Instrument secures an obligation incurred for the construction of a <br />improvement on the Property. <br />Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Grantor owns now or in the futut <br />and that are or will become fixtures related to the Property. This Security Instrument suffices as a financin <br />statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 c <br />the Uniform Commercial Code. <br />Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplemet <br />and amend the terms of this Security Instrument. [Check all applicable boxes] <br />= Condominium Rider = Planned Unit Development Rider = Other <br />--------------------------- <br />Additional Terms. <br />TURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in <br />en�t� qor� acknowledges receipt of a'copy of this Security Instrument on the date stated on page 1. <br />---- -- - - -- --�----5 /05 0 <br />NY R ROBERTSON (Date) (Si ue) CELESTE ROBERTSON (Date <br />STATE OF .............. COUY OFGf <br />- - - -- -- ------ - - - - -- ss <br />This instrument was acknowledged before me this -day of ac <br />by - r "'- `--- ��--- ��bo.- �'sdr._I __�?��'?S'f'%-- �f��' -- =Say] v�i��- Y+�G��- �_ct✓%?�_ <br />My commiksion expires: - J _ % <br />GENERAL NOTARY -State of Nebniaka - - - - - - - - _ �� - ' - - <br />fl SCOTT C. K1SSt.Eq (Notary Public) <br />My Comm. 4 Jury 7, 2002 <br />D 1994 Bankers Systems, Inc., St. Cloud, MN (1- 800 - 397 -2341) Form RE -DT -NE 10/27/97 (page 4 Of 4) <br />- C165(NE) (98o8) <br />
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