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99- scs��z Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to the Secw�ed Debt, whether or not the�i due, at Beneficiary's option. Any application of proceeds to principal shall not extend or poslpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by E3eneficiary, T'rustor's right to any insurance pol�cies and proceeds resulting fi�c�m damage to die Property before the acqwsihon shal) pass to Beneficiary to the extent of the Secured 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 RCPORTS AND ADUITIONAL DOCUMENTS. Trustor will provide to Beneficiary u�on request, any fuancial sta[ement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver, and file any additional docutnents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Grantor's ��hli�ati�ms uncler thiG Sccurity lnsirument �nd f3ene(iciary's lien ztatus on the Prorerty. 22. JOIN'I' ANU INDIVIUUAL LIAI3[LI'fY; CO-SIGNERS; SUCCESSORS AND AS5IGNS BOUNll. All duties under this Security Instrument are joint and individual. If Trustor signs this Security Instrument but does not sign an evidence of debt, "i'rustor does so only to mortgage'I'rustor's interest in the Property to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Uebt. If this Security Instrument secures a guaranty between 13e�ieficiary atid "Trustor, Trustor agrees to waive any rights 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 ant�-deficiency or one-acUon laws. Trustor agrees that Beneficiary 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 without Trustor's consent. Such a chan�e will not release Trustor from the terms of diis Security Instrument. The duties and benefits of this Security Inslruinent s�iall hind and henefit the successi�rs and assigns of"I'rustor and Beneficial. 23. API'LICABLE I.AW; SGVERABILI'I'Y• IN'I'ERPRE'CA'I'ION. "I'his Security Instrument is governed by the laws of tl�e jurisdiction in which E3eneflciary is locatec�, exce�t to the extent otherwise required by the laws of the jurisdiction where the Property is located. 7'his Security Instrument �s complete and fully integrated. This Security Instrument may not be ame��ded or modified Uy oral agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured Debt tl�at conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the variations by written agreement. If a�iy section of this Security Instrument cannot be enforced according to its terms, that section will be severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Security Instru�nent are for convenience only and are not to be used to interpret or define the terms of this Security Instrument. Time is of the essence in lhis Security lnstrument. 24. SUCCF.SSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor trusiee �vilhout any other formality than the designat�on �n writing. The successor trustee, without conveyance of the Property, shall succeed to al) tl�e title, power and duties conferred upon Trustee by this Security Instrument and applicable law. 25. NUT'ICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class inail to tlie appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing. Notice to one trustor will be deemed to be notice to all 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. [f 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. � Construction Loan. 'I'his Security Instrument secures an obligation incurred for die 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 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 all applicable boxes] 0 Condoininium 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. T'rus also kn wled s receipt of a copy of this Security Instrument on the date stated on page 1. i � - � ��23 9q � �i�� J ��.� �-j' . / ��a / � (signat�re) GARY L HEDMAN (Date) (Signa re) DEANNA M HEDMAN (D te) / ACKNOWLEDGMENT: STATE OF Nebraska , COUNTY OF Hall }ss. _ . �'"'"' ""�� This instrumeiit was acknowledged before me this 23rd day of August, 1999 by Gary L Hedman and Deanna M Hedman, Husband_ and Wife, _ . My commission expires: � r t`• - _ . _ _ _ -- -- __ GENERAI NOTARY�Siate of Nebraska (Notary Public) III DAVID F.DOHMEN My Comm.Exp.Aug.4,2000 � 18A4 Benkers Syetema,Inc.,St.Cloud,MN I1�800�387�2341) Form RE•DT�NE 10127187 /pBgB Q Of 4/ �•C1851NE) Iseoe1.08 m L.�