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• ' 99i it�34�8 Unless otherwise agreed in writing, a11 insurance proceeds sha11 be applied to the restoration or repair of the Property or to the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess wnll be paid to the Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition sha11 pass to Beneficiary to the extent of the Secwed Debt immediately before the acquisition. 20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCiTMENTS. Trustor will provide to Beneficiary upon request, any financial statement or information Beneficiary may,deem reasonably necessary. Trustor agrees to sign, deliver, and file any additional documents or certifications that Beneficiary ma�y consider neces to perfect, continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary s hen status on th�roperty. 22. JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOZJIV'D. All duties under this Security Instrument are joint and individual. If Trustor signs this Security Instrument but does not sign an evidence of debt, Trustor does so onl to mortg e Trustor's interest in the Prope to secwe payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Trustor, Trustoragrees to waive any ri�hts that may prevent Beneficiary from bringing any action or claim against Trustor or any party indebted under the obligation. These rights may include, but are not limited to, any anh-deficiency or one-action laws. Trustor agrees that Beneficiazy and any party to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any evidence of debt wrthout Trustor's cansent. Such a change will not release Trustor from the terms of this Security Instrument. The duties and benefits of this Security Instrument sha11 bind and benefit the successors and assigns of Trustor and Beneficial. 23. APPLICABLE LAW; SEVERABILITY• INTERPRETATION. This Security Instrument is governed by the laws of the urisdiction in which Beneficiary is locatec�, except to the extent otherwise required by the laws of the jurisdiction where the �roperty is located. This SecuriTy Instrument is complete and fully integrated. This Security Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any.agreement related to the Secured Debt that conflicts wrth applicable law will not be effective, unless that law expressly or impliedly permits the vaziations by written agreement. If any section of this Secwity Instrument cannot be enforced accordmg to rts terms, that section will be severed and v�nll not affect the enforceability of the remainder of this Security Instrument. Whenever used, � the singular sha11 include the plural and the plural the singular. The captions and headings of the sections of this Security Instrument are for convenience only and aze not to be used to mterpret or define the terms of this Security Instrument. Time is of the essence in this Security Instrument. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option,.may_from time to time remove Trustee and appoint a successor irustee without any other formality than the desi on in writing. The successor trustee, without conveyance of the Property, shall succeed to a11 the title, power and uties confened upon Trustee by this Security Instrument and applicable law. 25. NOTICE. Unless otherwise required by law, any notice sha11 be given by delivering it or by mailing it by first class mail to the appropriate pazty's address on page 1 of this Security Instrument, or to any other address designated m wrrting. Notice to one trustor v�nll be deemed to be notice to a11 trustors. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument: � Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a zero balance, this Security Instrument will remain in effect until released. 0 Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. �Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Grantor owns now or in the future and that aze or will become fixtures related to the Property. This Security Instrument suffices as a financing statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the Uniform Commercial Code. 0 Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the terms of this Security Instrument. [Check all applicable boxes] 0 Condominium Rider �Planned Unit Development Rider �Other ____________________________ 0 Additional Terms. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. � ' , � �o�' -� ��. --�-��--��y - - --�---- --------- ----a-� -- - -- - --- --- - - (Signature) (Date) (S gnature) (Datej ACKNOWLEDGMENT: STATEOF , COLJNTYOF _____________________ _____ }ss. ------ ------------ �'°°d`"�'� This instrument was acknowledged before me this da of______________________________ --------- y by -------——-FREDRIC_ J LEE AND _and_BARBAR�_E _E_ HUSBAND AND_WIE'E--—-—-——- ' My commission expires: �� t�, � �17it�__/�.�,E'�i1!LO�.�------ -- �ENERAI NOTARY�State of Nebrasl�a �� ---- (Notary Public) TERRI l.NIEMOTH My Comm.Exp.laly 15,2000 ^ t994 Bankers Systems,Inc.,St.Cloud,MN(1-800-397-2341) Form RE-DT-NE 10127197 (page 4 of 4) -"�"> �:'165(N�(seaa).08 ��,