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200300014 Unless otherwise agreed in writing, all insurance proceeds shall 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 payymment nor change the amount of any payment. Any excess will be paid to the Grantor. If the Properly is acquired by Berlefiwilmy, Tristor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Dehi 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 DOCUMENTS. Trustor will provide to Beneficiary upon request, any financial statement or information Beneficiary tray deem reasonably necessary. Trnstor agrees to sign, deliver, and file any additional documents or certifications that Beneficiary Wray consider necessary to perfect, continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary's lien status on the Property. 22. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Trustor signs this Security Instrument but does not si6m an evidence of debt, Trustor does so only to mortgage Trntor's interest in the Pr to secure Payment of the Secured Debt and Trnstor dues not agree to be personally liable on the Secured Debt. Willis If Security Instrument secures a goarazity between Beneficiary and Trustor, Trnstor aggrtees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trnstor or any party indebted under the obligation. These rights may include, but are not limited to, any ann- deficiency or one - action 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 ge will not release Trustor from the terms of this Security Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Trustor and Beneficial. 23. APPLICABLE LAW; SEVERABILI'FY• INTERPRETATION. This Security Instrument is governed by the laws of the JmIsdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where the Property is located. This Security Instrument is complete acid 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 with applicable law will not be effective, mrless that law expressly or impliedly permits the variations by written agreement. if any section of this Security Instrument cannot be enforced according m m its terms, than section will be severed and will not alhect 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 Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Iomm ent. Time is of the essence in this Security Instrument. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiaryy's option, may from time to time remove Trustee and appoint a successor trustee without any other formality than the desi ation in writing. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and applicable law. 25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail to the appropriate party's address on page l of this Security Instrument, or to any other address designated in writing. Notice to one trusmr will be deemed to be notice to all trustors. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisersient and homestead exemption rights relating to the Property. 27. OTHER T'ERAIS. 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. E= 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 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. Riders. The covenants and agreements of each of the riders checked below arc incorporated into and supplement and amend the term of this Security Instrument [Check all applicable boxes] 0 Condominium Rider = Planned Unit Development Rider = Other Q Additional Terms. SIGNATURES: By sigming 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. , a1 *0z . � (slsnecurA PAULY (sere) "'en DONALD EDWARD PAULY (Date) ACKNOWLEDGMENT: STATE OF Nebraska , COUNTY OF Hall }ss. This inatrmnern was acknowledged before me this26th day of December 2002 by DON PAULY, AKA DONALD EDWARD PAULY My commission ` fiENFAPk N RK E. Late of Nebraska _ ly CL' - r MARK E. KERSTEN ate. My Comm. Est. Au5.11. 2006 INUm r P"11111) 0 1 YVa crkms Systems, Inc ., st. aoua, Mu (1 - 300397 -203'. ) rein Pr w `1 op]rvI ((X{'/B 4 of 4) r11RA- C185(NE) (9Mt).N