200300401 - Laserfiche WebLink

Browse

200300401 Application # 0121485411 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 payment nor change the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by eneficiary, Trustor's right to any insurance policies and proceeds rusultmg from damage to the Property before the acquisition shall pass to Beneficiary th the extent of the Secured Debt immediately before the acquisition. 20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Truster will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will pprovide to Beneficiary upon request, any financial statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver, and file any additional documents or certifications that Beneficiary may consider necessary to perfect, continue, mad 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 sign an evidence of debt, Truster does so only to mortgage Trustor's interest N the Property to secure payment of the Secured Debt and Trustor dues not agree to be personally liable on ds, Secured Debt. If !his ecurity Instrument secures a guaranty, between Beneficiary and Trustor, Truster agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or any party indehled corder the obligation. These rights may include, but are not limited to, any arnti- deficiency or one - action laws. Truster 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 change will not release Trustor from the terms of this Security hetmment. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Tmoor and Beneficial. 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the ) urisdiction in which Beneficiary is located, except to the extent otherwise regred by the laws of the jurisdiction where the Property is located. This Security hnstrumenl is complete and fully integrated. This Security Instrument may not be amended or modified by oral agreement. An section in this Security Instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless Thal law expressly or impliedly permits the variations by written agreement. If any 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 Instrument are for convenience only and are not to be used to interpret or define die terms of this Security Instrument Time is of the essence in this Security Instrument. 24. SUCCESSOR TRUSTEE. Beneficiary , at Beneficiary's option, may from time to time remove Trustee and appoint a successor trustee without any other formality than the designation 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 fast 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 truster will be deemed to be notice to all trustors. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisemenl and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following are applicable to this Security Imm ment: E-1 Line of Credit. The Secured Debt includes a revolving lane 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. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. 0 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 chucked below are incorporated into and supplement and amend the terms of this Security Instrument. [Check all applicable boxes] I Condominium hider C] Planned Unit Development Rider 0 Other _ ............ Additional Terms. SIGNATURES: By sighing below, Trustor agrees to the terms and covenam 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 I. `tcol "1_ T CARLSON �-7 .... ANM� H CARLSON ...... %. .�. �(D.) .. 8 ��tltltl""" (Signature) ETTY A CARLSON (ULIe) (Slgna ) (Onm) ACKNOWLEDGMENT: pp1/ ��pp STATE OF �UI t,V)Rit C'V Yl,y -tom fw , COUNTY OF �', _ _ _ )as. 0"a1v1sis) This instrument was acknowledged before me this 2- O. _ _ day of by BETTY A CARLSON and JAMES H CARLSON My commission expires. En�_111112_ NY_51ate ul Nebraska HIAM SHUDA iy�Ac91_003 (Nderr, Public) O 1ee4911kerssylte .ma,s. Cloud. uNIheaaawssan rampnC -o4Nr rmnsv (page 4 of 4) (M Cr65(NE) (enon)