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200301637 Unless otherwise agreed in writing, all insurance proceeds shall be applied to die 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 prineipaL shall not extend or postpone the due date of the scheduled paym out nor change the amount of any payment_ Any excess will he paid to the Grantor. If the Properly is acquired by Benetic�ety, Traitor's right to any insurance ohcies and mceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent ofpthe Secured Debt 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 Rcncficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will pruvide 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, and preserve Cnamor'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, Trustor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Trustor, Trustor a gees to waive any rights drat may prevent Denetici from bringing any action or claim against Trustor or any party intl(,ebted under the obligbaton. These rights may me ude, but are not limited to, any anti- deficiency or one - action laws. Trustor agrees that Feneficiary and any party to this Security Instrument may extend, modify or make any change in the terms of this Social Instrument or any evidence of debt without Truster's consent. Such a change will not release Trustor from the terms ofythis 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; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the jurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of thejuris iction where the Property is located. This Security Instrument is complete and filly 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, unless that 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 we for convenience only mid are not to be used to interpret or define the 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 airy other formality than the tlesignation 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 1 of this Security Instrument, or to any other address designat ed in writing. Notice to one tmstor will be deemed to be notice to all trustors. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Property. 27. OTHER TERMS. if checked, the following are applicable to this So:urity Instru iene L—I Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a u o balance, this Security Instrument will remain in effect until released. =Construction Loan. This Security Instrument secures mi obligation incurred for the construction of an improvement on the Property. 0 Fixture Piling. 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. 'Phis 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 Coimnercial Code. = Rid... The covenants 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] =1 Condominium Rider = Planned Unit Development Rider =1 Other Additional Tenns. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security instrument and in any attachments. Truster also acknowledges receipt of a copy of this Security instrument on the date stated on page 1. �AKA bl.,l A lIl 2 (S,gna, rc) KAREN D MARKUSSEN FKA KAREN D (DOm)� (Signore)] N K MARKUSSEN (Date) PODLISKAa- 9- ACKNOWLEDGMENT: STATE OF Nebraska , COUNTY OF Hal l }ss. '1' his instrument was acknowledged before me this 7TH day of February 2003 by KAREN D MARKUSSEN FKA KAREN D, JOHN K MARKUSSE My commission expires: p "7�� GEO'NOiAOY -Slate dNebra5lu —`" "' G ANNETTE DAVIS (sold,y e.sr, ") - NyOOmm. W May23,21M8 0 199A Bmkau SyS -eo , Inc.. St Cloud M N (I 8011 097 2N I) Form akJ' -Nr 007R7 (pag. 4 of d) ® 6t5SINE) (91C1)01