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9 9 1 1 0 6 7 3 Application # 0109037796
<br /> Unless otherwise agreed in writing,all insurance proceeds shall be applied to the restoration or repair of the Property or to the
<br /> Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not extend or
<br /> postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid to the
<br /> Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting from
<br /> damage to the Property before the acquisiuon shall pass to Beneficiary to the extent of the Secured Debt immediately before
<br /> the acquisition.
<br /> 20. L:SCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be
<br /> rer,uired to pay to Beneficiary funds for taxes and insurance in escrow.
<br /> 21. 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 /> xdditional documents or certificarions 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 /> 22. .1O.NT AND INDIVIDUAL LIABILITY; CO-SIGI�ERS; SUCCESSORS A1�D ASSTGNS BOUl\TD. All duties�nder this
<br /> tiecurity Instrument are joint and individual. If Trustor signs this Security Instrument but does not sign an evidence of debt,
<br /> Tn�stor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Trustor does not
<br /> agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and
<br /> Trustor,Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or
<br /> any party indebted under the obligadon. These rights may include, but aze not limited to, any anti-deficiency or one-action
<br /> laws.Trustor agrees that Beneficiary and an�party to this Security Instrument may extend, modify or make any change in the
<br /> �enns of this Security Instrument or any evidence of debt without Trustor's consent. Such a change will not release Trustor
<br /> from the terms of this Security Instrument. The duties and benefits of this Security Insmzment shall bind and benefit the
<br /> successors and assigns of Trustor and Beneficial.
<br /> 23. r1I'PLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the
<br /> jurisdiction in which Beneficiary is located, except to the extent otherwise reqiured by the laws of the jurisdiction where the
<br /> Property is located.This Security Insmiment is complete and fully integrated.This Security Instrument may not be amended or
<br /> n�odified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured
<br /> Debt that conflicts with applicable law will not be effect�ve, unless that law expressly or imphedly pemuts the variations by
<br /> written agreement. If any section of this Security Instnunent cannot be enforced according to its terms, that section will be
<br /> severed and will not affect the enforceability of the remainder of this Security Instniment. Whenever used, the singular shall
<br /> include the plural and the plural the singular. T'he capuons and headings of the sections of this Security Instrument aze for
<br /> co,�venience only and are not to be used to interpret or define the terms of this Security Instrument. Time is of the essence in
<br /> t!iis Security Instrument.
<br /> 24. S�CCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, max from time to time remove Trustee and appoint a
<br /> successor trustee without any other formahty than the designation in wnnng. The successor trustee,without conveyance of the
<br /> Property, shall succeed to all the dtle,power and duties conferred upon Trustee by this Security Instrument and applicable law.
<br /> 25. \(�TICE. Unless otherwise required by iaw,any notice shall be given Uy delivering it or by mailing it by first class mail to the
<br /> ��ppropriate parry's address on�age 1 of this Security Instrument, or to any other address designated in writing. Notice to one
<br /> �rustor will be deemed to be not�ce to all trustors.
<br /> 26. 1VAIVERS. Except to the extent prohibited by law,Trustor waives all appraisement and homestead exemption rights relating
<br /> to the Property.
<br /> 27. 01'HER TERMS. If checked,the following are applicable to this Security Instrument:
<br /> 0 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 /> 0 Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement
<br /> on the Property.
<br /> � Fixture Filing.Trustor grants to Beneficiary a security interest in all goods that Grantor owns now or in the future and
<br /> that are or will become fixtures related to the Property. This Security Instrument suffices as a financing statement and
<br /> any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the Uniform
<br /> Commercial Code.
<br /> � Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and
<br /> amend the terms of this Security Instrument. [Check all applicable boxes]
<br /> 0 Condominium Rider 0 Planned Unit Development Rider �Other
<br /> .........................................
<br /> 0 Additional Terms.
<br /> SIGI�':�'CURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any
<br /> attachn.ents. Trustor also aclrnowledges receipt of a copy of this Security Instrument on the date stated on page 1.
<br /> �
<br /> .................................
<br /> GER MEYER .................................................................
<br /> (Sign��;u::) (Date) (Signature) (Date)
<br /> ACK\OWLEDGMENT: ]
<br /> STATE OF COUNTY OF ��� ` ss.
<br /> ....��� ..... . ............... .. ......................... }
<br /> pndividc,:l� . . ... ...................... > lY'C .
<br /> This instrument was acknowledged before me this ....�.,....-.., day of...(��.�d�P,�i--
<br /> .........................
<br /> by ROGER MEYER �,.
<br /> ............................................. ...............:-. .................... •
<br /> My commission expires: �
<br /> .,
<br /> ,, .. � �
<br /> I�I GENERAL NOTARY�Staie ol Nebraska ,,,,,, /�,, ,,,,,, ,,,,,,,, ,,,,,, r.;; ,�.��—
<br /> � ........ ........
<br /> STEVE POPPE � ota iic)
<br /> My Comm.Exp.Dec.6,2000
<br /> e✓ .'794 Bankers Systems,Inc.,St.Cloud,MN(1-800-397-2341) Fam RE-DT-NE 10/27/97 (page 4 of 4)
<br /> ��.-C i GS(NE) �9sos>
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