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Application if 0121453484
<br />200300070
<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 />ppoostpone the due date of the scheduled ppayment nor change the amount of any payment. Any excess will be paid to the
<br />Oran[or. If the Property is acquired by Beneficiary, Truster's right to any insurance politics and proceeds resulting from
<br />damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before
<br />the acquisition.
<br />20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Truster will not be
<br />required 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 />additional documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Grantor's
<br />obligations under this Security Instrument and Beneficiary's lien scams on the Property.
<br />22. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this
<br />Security Instrument are joint and individual. If Tmstor signs this Security Instrument but does not sign an evidence of debt,
<br />Truster does so only to mortgage Truster's interest in the Property, to secure payment of the Secured Debt and Truster does not
<br />agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and
<br />Toaster, Tmsmr agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or
<br />any party indebteA under the obligation. These rights rosy include, but are not limited to, any anti-deficiency or one - action
<br />laws. Trustor agrees that Beneficiary and any party to this Security Instrument may extend, modify or make any change in the
<br />terms of this Security Imminent or any evidence of debt without Trustor's consent. Such a change will not release Trusser
<br />from the terms of this Security Instrument The duties and benefits of this Security Instrument shall bind and benefit the
<br />successors and assigns of Truster and Beneficial.
<br />23. APPLICABLE LAW; SEVERABILIT'Y; INTERPRETATION. This Security Instrument is governed by the laws of die
<br />jurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where the
<br />Property is located. -Ibis Security instrument is coin Lew and fully integrated. This Security Instrument may not be amended or
<br />modified 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 he effective, unless that law expressly or impliedty permits the variations by
<br />written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that section will be
<br />severed and will not affect the enforceability of die remainder of this Security Instrument. Whenever used, the singular shall
<br />include the plural and the plural the singular. The captions and headings of the sections of this Security Instrument are for
<br />convenience only and are not to be used to interpret or define the terms of this Security Instrument. Time is of the essence in
<br />this Security Instrument.
<br />24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a
<br />successor trustee without any other formality than the designation in writing. The successor trustee, without conveyance of the
<br />Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security hhsturunent and applicable law.
<br />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
<br />appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing. Notice m one
<br />truSmr will be deemed to be notice to all trusmrs.
<br />26. WAIVERS. Except to the extent prohibited by law, Truster waives all appraiscment and homestead exemption rights relating
<br />to the Property.
<br />27. OTHER TERMS. If checked, the following are applicable to this Security Instrument:
<br />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 wit 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. Truster grants to Beneficiary a security interest in all goods that Grantor owns now or fit 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 />0 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 />= Condominium Rider 0 Planned Unit Development Rider 0 Other
<br />............
<br />E= Additional Terms.
<br />SIGNATURES: By signing below, Trustor agrees to the terms and covenants canonical in this Security Instrument and in any
<br />attachments. Truster also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1.
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<br />ACKNOWLEDGMENT: n'py, //ll
<br />STATE OF Iu L {/ll bit , COUNTY OF 410 '(.( �, n ]ss.
<br />°n0rvi °Yin This instrument was acknowledged before me this ly day of D&O f/r, ✓,��
<br />by FRANCISCO MADRIGAL -AYALA and CECILIA MADRIGAL
<br />My colnnussion expue BENE;V NOTANy -Staff of Nebraska t < !�/ p
<br />till CATRINAM SHUUA �P 1YU'� ,vf'Lu�aG(/,,, ._,.
<br />My Gomm. Exp� Aug. 10. 2007 (Neon, Pottle)
<br />© 1994 Bankers System+, Inc., St Cloud, MN (L8W39] oxdo Form RE-CT NE 1N 7197 (page 4 of 4)
<br />CDO.- UaLNE) (mamas
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