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200300812 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 tar not then due, at Beneficiary's option. Any application of proceeds to principal shall nut 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. it the Property is acquired by Beneficiary, Trustor's right m try insurance politics and proceeds insulting from damage to the Property before the acquisition shalt pass to Beneficiary to the extent of die Secured Debt nmutedlately before the acquisition. 20. ESCROW FOR TAXES AND INSURANCE- Unless otherwise provided i¢ a separate agreement, Ttustor will not be required to pay lit Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any financial statemem tar information Beneficiary may deem reasonably necessary. Truster agrees to sign, deliver, and file any additional documents or certifications that Beneficiary may consider necessary to perfect, combine, and preserve Grantor's obligations under this Security Instrument and Beneficiary's [jell 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 Tmstor signs this Security Instrunem but does net sign au evidence of debt, Truster does so only to mortgage Tmsmr's interest in the Property to secure payment of die Secured Deb[ and Trusmr does not agree w be personally liable on the Secured Debt, if this Security Instrument secures a guaranty between Beneficiary and Truster, Truster agrees to waive any rights that may prevent Beneficiary from bringing any action or chain against Truster or any party indebted under the obligation. These rights may include, but are not limited lo, any amt- deficiency or one - action laws. Truser agrees that Beneficiary and any party m this Security lustruutent 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 Trus[or from the mutts of this Security Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Tmstor and f3eneficmry. 23- APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the jurisdiction in which Beneficiary is located, except to the extent otherwise requited by the laws of the jurisdiction where the Property is located. This Security Instrument is complete and fully integrated. This Security lnstruttent may not be amended or modified by oral agreement. Any section in this Security loammem, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or hmpliedly pemnits the variations by written agreement. If any section of this Security instrument cannot be enforced according to its cruts, that section will be severed and will not affect the enforceability of the reminder of this Security Iastfumeu- Whenever used, the singular shall include the plural and the plural the singular. 'I be captious and headings of the sections of this Security Instrument are for convenience only and are net to be used to interpret or define the terms of this Security lastrwucnt. Time is of the essence in this Security Indrmnem. 24. SUCCESSOR TRUSTEE. Beneficiary, at Be¢eficiary's option, may from time to [jute 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 he given by delivering an other by mallsudesi by f ins in writing mail m the appropriate party's address on page l of this Security Instrument, y Notice to one trustor will be deemed to be notice to all trusters. 26. WAIVERS. Fxccpt to the extent prohibited by law, Trustor waives all appraiscntent and homestead exemption tights [elating to the Property. 27. OTHER TERMS. If checked, the following are applicable to this Security Instillment ❑ Line of Credit. The Secured Debt includes a revolving line of credit provision. Almou It the Secured Debt troy, be reduced to a zero balance, this Security lnstrumeut will retrain in effect limit released. ❑ Construction Loan. This Security Instrument secures an obligation incurred for the construction of all improvement on the Property. ❑ LSxlure Filing. Trusmr grants to Beneficiary a security iumrest in all goods that Gramor owns now or in the future and that are or will become fixtures related to the Property- This Security Instrunem sufffccs as a fivaneiug statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the U nifomt Continental Code. ❑ Riders. The coveralls 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] ❑ Condominium Rider ❑ Planned Unk Developulcut Rider ❑ Other ....... .... ...... ........._.......,,,....._. ❑ Addition.] Terms. SIGNATURES: By signing below, 'Tmstor agrees to the terms and covenants contained in this Security Instrument and in any attachments. I rustor also, acknowledges receipt of a copy of this Security Instrument on the date stated inn page I. .. ... rr!i .. _..... ...._ . .Squ . anna . F (Dore) (s�gna[urd 9ta ley E Bilslend (Dar) (9tg mec7 gonna J. Bilse ACKNOWLEDGMENT: STAI'G OF Nebomiko.....__.... ..., COUNTY , Hall...... .. ss. __Januat 2003 -... .. - - -- Thix instrument was acknowledged before me this .. ._i pill. _. _. Arty Of V by . ........ tu Mycomissionexpires: n / ��, r —J+�� ........ IN nerY Public) Rodney M. Peters (pane 4 of al F�per�: ®tssa e.osaa ayn.�ss. ik.. sr aa,a, ms norm nror+sr vso¢aoa NEPAL NOTARY-: al Nebraska RODNEY M PETERS J My Comm. Esp. lair 23, 2005