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200301132 <br />Unless otherwise eed agr in writing, all insurance yroceeds shall be applied to the restoration or repair of the Property or to <br />the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not <br />extend or postpone the due date of the scheduled pa eat nor change the amount of any payment Any excess will be paid <br />to the Grantor. If the Propert y is acquired by Beneficiary, Trustor's right to any insurance ohcies and proceeds resulting <br />from damage to the Property before the acquisition shall pass to Beneficiary to the extent ofpthe Secured Debt immediately <br />before the acquisition. <br />20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be <br />required to pay to Beneficiary funds for taxes and insurance in escrow. <br />21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Truster will pprovide 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 status on the Property. <br />22. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under <br />this Security Instrument are joint and individual. If Truster signs this Security Instrument but does not sign an evidence of <br />debt, Truster does so only to mortgage Trustor's interest in the PrI p erty to secure payment of the Secured Debt and Truster <br />does not agree to be personally liable on the Secured Debt. I [ l u s Security Instrument secures a guaranty between <br />Beneficiary and Truster, Truster agrDes to waive any tights that may prevent Beneficiary from bringing any action or claim <br />against Truster or any party iMebted under the obligation. These rights may include, but are no[ limited to, an <br />anh- deficiency or one -action laws. Trustor agrees that Beneficiary and any party to this Security Instrument may extend, <br />modify or make any change in the terms of this Security Instrument or any evidence of debt without Trustor's consent. <br />Such a Change will not release Truster from the [elms of [his Security Instrument. The tin es and benefits of th is S e e urity <br />Instrument shall bind and benefit the successors and assigns of Trustor and Beneficial. <br />23. APPLICABLE LAW; SEVERABIIdTY- INTERPRETATION. This Security Instrument is governed by the laws of the <br />]uriadi I on m which Beneficiary is locate except to the extent otherwise required by the laws of the jurisdiction where the <br />Property is located. This Security Instrument is complete and fully integrated. 'Phis Security Instrument may not be <br />amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to <br />the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the <br />variations by written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that <br />section will be severed and will not aftbct the enforceability of the remainder of this Security Instrument. Whenever used, <br />the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Security-- <br />Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Instrument Time <br />is of the essence in 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 an other formality than the designation in writing. The successor trustee, without conveyance of <br />the Property, shall succeedyto all the title, power and duties conferred upon Trustee by this Security Instrument and <br />applicable law. <br />25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it b first class mail to <br />the appropriate party's address on page l of this Security Instrument, or to any other address designatedyin writing. Notice <br />to one trustor will be deemed to be notice to all tractors. <br />26. WAIVERS. Except to the extent prohibited by law, Truster waives all appraisemeid and homestead exemption rights <br />relating 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 will remain in effect until released. <br />ED Construction Loan. This Security Instrument secures an obligation incurred for the construction of an <br />improvement on the Property. <br />Q Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Grantor owns now or in the future <br />and that are or will become fixtures related to the Property. This Security Instrument suffices as a financing <br />statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of <br />the Uniform Commercial Code. <br />EJ Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement <br />and amend the terms of this Security Instrument. [Check all applicable boxes] <br />= Condominium Rider 0 Planned Unit Development Rider = Other <br />Additional Terms. <br />SIGNATURES: By signing below, Treated agrees to the terms and covenants contained in this Security Instrument and in any <br />a chmen't Ti}isI also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. <br />J DER <br />Sigaa e) HAROLD R VEEDER (Dare) (s(saam�)( L VEEDER (Dore) <br />STATE OF NEBRASKA _ COUNTY OF HALL__________ <br />This instrument was acknowledged before me this 24TH day of _ JANUARY, 2003 <br />by HAROLD_ R_VEEDER_ AND PEGGY L_VEEDER,_HUSB_AND AND WIFE, AND JASON R VEEDER, <br />My commission expires: UNYA�RIED PERSON <br />GFNEBAL NOTARY -Slct Nearaska ��// <br />� KATHLEEN A. 6CHtACHTER (NOlary cWtlic) <br />My Comm. blp May 21, 2004 <br />0 1994 6mkers Systems, Inc. St Cloud MN (180039) -2341) Form R6oLNE 101)787 (pogo 4 of 4) <br />4 C165(NE) (9808).02 <br />