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<br />MAR -30 -04 TUE 04:47 PM DA -LY REALTY FAX N0, 308 384 9647 P. 03
<br />200403169
<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 IA:bt, whedicr or not then due, at Beneficiary's option. Any application of proecuds to principal shalt not
<br />extend or ptsipinc the due date of the scheduled payment nor change the amount of any payment. Any excess will be pakl
<br />to the Grantor. if the Property is acquired by Beneficiary, Trustor's right to any insurance policies and prtxews resulting
<br />from damage to the Property before the acquisition shall pass to Beneficiary G) the extent of to Secured Debt immediately
<br />Wort the aceprisition,
<br />20. ISCROW FOR 'fARF.S AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be
<br />required to pay to Be nt liciary funds for taxes and insurance in escrow.
<br />21. FINANCIAL, REPOWI'S AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any
<br />financial statement or information Beneficiary may deem reasonably necessary. Traitor agrees to sign, deliver, and file any
<br />additional documents or certifications that Denedieiary may consider necessary to perfect, continue, and preserve Grantor's
<br />obligations under Hain Security Instrument and Beneficiary's lien sinus on the Property.
<br />22. JOINT' AND INDIVIDUAL LiANII,ITY; CO- SiGNERS; SOCCESSORS AND ASSIGNS BOUND. All duties under
<br />this Security Instrument are joint and individual. If Trustor sighs this Security Instrument but does not sign an evidence of
<br />delft, Tntstor does so only to mortgage Trustor's interest in the Properly to secure payment of the Secured Debt and
<br />Trustor does mt agree to be personally liable on the Secured Debt. If this Security instrument secures a guaranty between
<br />Berefn:iary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim
<br />against Trlaurr or any party indebted under die obligation. 'these rights may include, but are not limited to, any
<br />anti - deficiency or out:- action laws. Trustor agrees that Denefieiary and any party to this Security Instrument may exteul,
<br />mtatify 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 n!case Trustor from die terms of this Security loslnomem. The defies and benefits of this Security
<br />Instrument shall bird and benefit the successors and assigns of Trustor and Beneficiary.
<br />23. ATPLICATILIs LAW; SEVERAIIII,rl'Y; INTI ?RPiIETATION. This Security Instrument is governed by the laws of the
<br />jurisdiclion in which Beneficiary is located, except to die extent otherwise required by the laws of the jurisdiction where
<br />the Pruporiy is located. This Security Instrument is complete and frilly integrated. This Security instrument may not be
<br />amrnded or nudifral by oral agreement. Any section in this Security Insmimunt, attachments, or any agreement related to
<br />the 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, that
<br />section will be severed anti will not affect the enforceability of the remainder of this Security Instrument. Whiamer used,
<br />the singular shall include the plural and the plural the singular. The captlons and headings of the suctions of this Security
<br />instrument are fur amvcnience only and are not to be used to interpret or define the terns of this Security Instrument.
<br />Time is of the essence in this Security Instrument.
<br />24. SIICCIESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from rime: to time remove Trustee and appoint a
<br />stuxessor trustee wnhuurt any other formality than the designation in writing. The successor trustee, without conveyance of
<br />the Property, shall suoaretl to all the title, Power and duties conferred upon Trustee by this Security lnctniment and
<br />applicable law.
<br />25. NOTICf,. ilnless 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 dammed to be notice to all ttustors,
<br />26. WAIVFRS. rxu:pt to the extent prohibited by law, Trustor waives all appraixemcm and homestead exemption rights
<br />relating to the Property.
<br />27. OTHER TRUMS. If checked, the following are applicable to this Sctairily instrument:
<br />❑ Line of Credit, The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may W
<br />reduced to a ycro balance, this Security instrument will remain in effect until released.
<br />❑ Construction Loan. This Semirity Instrument secures an oldigaiion incurred for the construction of an impmvcmetu
<br />on the Property.
<br />fl Fixture Filing. Tr sior grants to Beneficiary a security interest in all goods that Grantor owns now or in the future
<br />anti that are or will become fixtures related to the Property. This Security Instrument suffices AN a financing
<br />statement anti any carbon, pliolographic or other reproduction may be foal of record for purposes of Article 9 of the
<br />Uniform Commercial Cidle.
<br />© Riders. The covenants and agreements of each of the riders checked below are incorporattxl into anal supplement aml
<br />amend the terms of this Security Istrtsntatt, (Check all applicable boxes)
<br />D Condominium Rider ❑ Planned Unit Mvelopmcnt hider ® Other AALLORNInER ..................................
<br />L ".1 Additional Tertns.
<br />SiIGNATURKSa By sighing below, Trustor agrees to the terms and cove ratithr in his Security Instrument and in any
<br />attachmerW - ustor al acknwwltd s rtxeipt of a copy of this Security Inst ry 'W on the date ta4xl on page 1.
<br />O.B.T tl t:. -'
<br />...... ....... .......... f..... .. . Y
<br />...................... ..........Y3��
<br />(Stalin CAS FY LIAMS, MANAGER IDare) (Sigaa c) MARTIN KERRIGAN, MANAGER (TAile)
<br />ACKNOWLEDGMENT. �,
<br />STA'ft? Of .... 5 .............. COUY -T-Y O Q
<br />i. . /...: y
<br />`° i"° ' This inN n nt wee acknowled ed before me this } s.
<br />by
<br />�+�...LGir k? �f .S.,..r!�!�!e4��rt ............. .�Il. ✓. ll' �al�,,. ....!rfGj�
<br />My contra, expires:
<br />...................
<br />�-yM (M'wry Putdio
<br />Eirr1G 01904 awikerz SyPMl11. arc., Lt. Cluud, NN Fx nr.OT.NE 1/3012002 (page 4 of 41
<br />6i:NE AL NOTARY . Sillbe of Nebraska
<br />Illy Ctlnun EIS. Jule Z 2MB
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