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200005945
<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 nob,
<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 the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately,
<br />,before the acquisition.
<br />20.
<br />21.
<br />22.
<br />23.
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<br />24.
<br />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 />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 />40INT 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 Trusto�
<br />does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between
<br />beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim,
<br />�gainst Trustor or any party indebted under the obligation. These rights may include, but are not limited to, any,,
<br />anti- deficiency or one - 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 Security Instrument or any evidence of debt without Trustor's consent.;,
<br />Such a change will not release Trustor from the terms of this Security Instrument. The duties and benefits of this Security,
<br />Instrument 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 they
<br />' urisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where they
<br />Property is located. This Security Instrument is complete and fully integrated. This Security Instrument may not be
<br />ended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to
<br />he Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the
<br />(variations by written agreement. If any section of this Security Instrument cannot be enforced according to its terms, tha
<br />section will be severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used,
<br />he 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. Time
<br />is of the essence in this Security Instrument.
<br />SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint
<br />'successor trustee without any other formality than the designation in writing. The successor trustee, without conveyance o
<br />the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument an
<br />(applicable law.
<br />NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail toy
<br />the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing. Noticea
<br />to one trustor will be deemed to be notice to all trustors.
<br />WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights
<br />elating to the Property.
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<br />(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
<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 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 off'
<br />the Uniform Commercial Code.
<br />0 Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement
<br />and amend the terms of this Security Instrument. [Check all applicable boxes]
<br />= Condominium Rider = Planned Unit Development Rider 0 Other
<br />Additional Terms.
<br />SIG 1NATURES: 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 />(sign lure) KENTON (Date) (Signa e) CYNTHIA S MANN (Dale) '
<br />AckNOWLEDGMENT:
<br />- - - - } I
<br />Urrdvid'a°
<br />This nstrOument was aBknowKedged before me this 18TH TY OF y of ALL JULY, 2000 ss
<br />by KENTON_B MANN AND CYNTHIA -S -MANN, HUSBAND AND WIFE
<br />i
<br />My commission expires:
<br />(Notary Pu r
<br />GENERAL NOTARY -State of Nebraska
<br />CATHERINE J. H RTLEFF
<br />My Comm. Exp. 00
<br />i(D 1994 Bankers Systems, Inc., St. Cloud, MN (1- 800 - 397 -2341) Form RE -DT -NE 10/27/97 (porg'e 4 of 4)i
<br />-- C165(NQ (9808)
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