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� ' 99-1osss9 lied to the restoration or repair of the Property or to Unless otherwise agreed in writing, a11 insurance proceeds sha11 be app lication of proceeds to principal sha11 not the Secured Debt, whether or not then due, at Beneficiary's option. Any aPP a ent Any excess will be paid extend or postpone the due date of the scheduled pa ent nor change the amount n tanY�P�oplicies and proceeds resulting to the Grantor. If the Property is acquired by Bene iciary, Trustor's right toto the extent of the Secured Debt immediately from damage to the Property before the acquisition sha11 pass to Beneficiary before the acquisrtion. reement, Trustor will not be 20. ESCROW FOR TAXES AND INSiTRANCE. Unless otherwise provided in a sepazate ag required to pay to Beneficiary funds for taaces and insurance in escrow• ees to si dehver, and file any 21. FINA1�iCIAI, REPORTS AND ADDITIONAI' Dd�m�M�onably necessary 11Trustor agr �efic� upon reques, any financial statement or information Beneficiary may reserve Grantor's additional docume�s or�c�i ifi Iati�onusntent andnBeneficiary's lien status on the Property. t' continue, and p obligations und h' 22. JOINT AND INDrvIDUAL LI an�nd i ua1 If Trvus os signs tli E Sec��Ty Instrument but doe�s no Isi All�devidencedof this Secwity Instrument are joint pe p be��n debt, Trustor dces so only sonallrt l�able ont�the Secur d DebtPrIf th si tSecurity Ir trument tsecm'e S�ag�Tann'd Trustor does not agree to be per y r action or claim Beneficiary and Trustor, Trustoragrees to waive any rights that may prevent Beneficiay from bringing any, include, but are not limited to, any against Trustor or any Qarty indebted under the obl�i ation. These rights may extend, anti-deficiency or one-action laws. Trustor agrees that neficiary and any party to this Security Instrument may modify or make any change e Th�o from the t rms of this Secur tY InstrumenteThe dutes and benefits of this Security Such a change will not releas Instrument sha11 bind and benefit the successors and assigns of Trustor and Beneficial. 23, APPLICABLE LAW; SEVERABII�c��INCe��e x en�t otherhwise r qu rl ed b theelaws of he jurisdict on where the urisdiction m which Beneficiary. p not be �roperty is located. This Securrty Instrument is complete and �lly integrated. his Security Instrume�ent�related to amended or modified by oral agreementll blesl wl�will not be effective�unless that law expressly oryi pliedly permits the the Secured Debt that conflicts wnth apP � that variatri�bYbe severed�and will n tanat�ect�he enfonc�eaUil Ty o t e emainde of thbs SecuritY Instrume g•tW1�en versused, sectio the singulaz sh olri�nven ence only and are not to be usedgt i nt rpret otdefine the t rms of this1Se�ity Instrtwnente Tim Instrument are is of the essence in this Secwity Instrument. oint a 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may,from time to time remove Trustee and app successor trustee without anyto a11 the tatle power and ld t es confe ed uponeTrustee by h s�Security Instrum anc and the Property, sha11 succeed 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 party's address on page 1 of this Security Instrument, or to any other address destgnated in writing. Notice to one trustor will be deemed to be notice to a11 trustors. 26, WAIVERS. Except to the extent prohibited by law, Trustor waives a11 appraisement and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following aze 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. � 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 a11 goods that Grantor owns now or in the future and that are 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 a11 applicable boxes] 0 Condominium Rider �Planned Unit Development Rider 0 Other ________________________—-- �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. �. �" _ � —- -2&-39_ -- - -��Lar!-� �——-——-—5-26-99- --- -- -- -� ---G6��' ----- (Date) (signature LLOY B GUNDERSON (Date) (signature) MICHELLE R. GUNDERSON ACKNOWLEDGMENT: STATEOF ____NEBRASKA________________ , COUNTYOF ___HALL________________________ }ss. �I°d'"a�'n This instrument was acknowledged before me this___26__ day of__ MAY _ 1999___________________ b LIAYD_B_GUNDER30N _ and MICHE-- -- GUNDER30N HUS�AND_AND_WIEE--------- ' y -------- My commission expi • �NERpI NOTARY�State o1 Nebraska �� TERRt L.NIEMOTH (Notary Pubtic) My Comm.Ezp.luly 15,2000 (page 4 of 4) �1994 Bankers Systams,Inc.,St.Cloud,MN(1-800-397-2341) Form RE-DT-NE 10/27197 �-C165(Nq(9808).OB