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<br />Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to
<br />the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not
<br />extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid
<br />to the Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting
<br />from damage to the Property before tie acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately
<br />before the acquisition.
<br />20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be
<br />required to pay to Beneficiary funds for taxes and insurance in escrow.
<br />21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any
<br />financial statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver, and file any
<br />additional documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Grantor's
<br />obligations under this Security Instrument and Beneficiary s lien status on the Property.
<br />22. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under
<br />this Security Instrument are joint and individual. If Trustor signs this Security Instrument but does not sign an evidence of
<br />debt, Trustor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and
<br />TmtQr _does,1rot agree to lie perwnally_liable on the Secured Debt. If flu's Securi . In_strument secures a guaranty between
<br />Beneficiary and Trustor, Trustor agrees to waive any righis thaf n iy pievent Bene�c�ar _ from bringing any action or claim
<br />against Trustor 'or any party indebted under the obligation. These rights may include, but are not limited to, any
<br />anti- deficiency or o -action laws. Trustor agrees that Beneficiary and any party to this Security Instrument may extend,
<br />modify or make any change in the terms of this .Securi tyty Instrument or any evidence of debt without Trustor's consent.
<br />Such a change will not release Trustor from the terms ofthis Security Instrument. The duties and benefits of this Security
<br />Instrument shall bind and benefit the successors and assigns of Trustor and Beneficial.
<br />23. APPLICABLE LAW; SEVERABIIdTY; INTERPRETATION. This Security Instrument is governed by the laws of the
<br />jurisdiction in which Beneficiary is iocated, except to the extent otherwise required by the laws of the jurisdiction where
<br />the Property is located. This Security Instrument rs complete and fully integrated. This Security Instrument may not be
<br />amended or modified by oral agreement. An section in this Security Instrument, attachments, or any agreement related to
<br />the Secured Debt that conflicts wrth applicable law will not be effective, unless that law expressly or impliedly permits the
<br />variations by written agreement. If an section of this Securi Instrument cannot be enforced according to its terms, that
<br />section will be severed and,will not affect the enforceability o the remainder of this Security Instrument. Whenever used,
<br />the singular shall include the ,plural and the plural the singular. The captions and headings of the sections of this Security
<br />Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Instrument.
<br />Time is of the essence in this Security Instrument.
<br />24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a
<br />successor trustee without an oilier formality than the designalion m wnt _ g. The successor trustee, without conveyance of
<br />the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and
<br />applicable law.
<br />25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail
<br />to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing.
<br />Notice to one trustor will be deemed to be notice to all trustors.
<br />26-.-W V VM110. W-1he extent prof -by Taw, Trustor waives -all appraisement and homestead exemption rights
<br />relating to the Property.
<br />27. OTHER 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 be
<br />reduced to a zero balance, this Security Instrument will remain in effect until released.
<br />❑ Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement
<br />on the Property.
<br />❑ fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Grantor owns now or in the future
<br />and that are or will become fixtures related to the Property. This Security Instrument suffices as a financing
<br />statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the
<br />Uniform Commercial Code.
<br />❑. Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and
<br />amend the terms of this Security Instrument. [Check all applicable boxes]
<br />❑ Condominium Rider ❑ Planned Unit Development Rider ❑ Other ................... ...............................
<br />❑ Additional Tams.
<br />SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any
<br />attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1.
<br />X..... ... . .. 2, ? ............ -V/W��, �u X („c,c .. ............
<br />(Signature) CE)ItIS A. STAHL (Date) (' ) IrORIE A. STAHL (Date)
<br />ACKNOWLEDGMENT:
<br />STATE OF N*9; 4sks .. ............................... COUNTY OF ? TALL ............. ............................... } ss.
<br />�ivldi1) This instrument was acknowledged before me this ...... 30 ??....... day of .......... Awl.. 2000 ......................
<br />by CHEtIS A, STAiII� and L�ORIE Ar., STA�II,x ..
<br />.........................
<br />My commission ex II GENERAL NOTARY -State of !44,2001 ebraska
<br />DALE E. POHLMNN
<br />........
<br />My Comm. Exp, March �° Public)
<br />01994 Bankers Systems, Inc., St. Cloud, MN (1 -800- 997 -2341) Form RE -nT -NE 10/27 7 (page 4 of 4)
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