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zao��2zo� Unless otherwise agreed in writing, all insurance ciassis shall be applied to the restoration or repair of the Property or to the Secured Debt, whether or not then due, at }Ieneficiary's option. Any application of proceeds to principal shall not extend or postpone the due date of the scheduled payreent nor change the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by Beneficiary Trustor's right to any insurance olicies and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent otpthe 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 ADDI'T'IONAL DOCUMENTS. Truster will provide 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 Grantor' a 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 wider 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 Propettyy, to secure payment of the Secured Debt and Framer does not agree to be personally liable on the Secured Debt 1 this Security instrument secures a guaranty between Beneficiary and'frustoq Trustor Zleca to waive mry rights that may prevent Benetciary from bringing any action or claim xgains[ Truetor or tiny parry indebted [coder the obligation. These rights may include, but are not limited to, any anti - deficiency or one- action laws. Trustor agrees that eficiary and any party to this Security Instrument may extend, modify or make any change in the trans 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 Instrument. The dunes and benefits of this Security Instrument shall bind and benefit the successors acrd assigns of'Irustor and Beneficial. 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. 'Phis Security Instrument is governed by the laws of the Jmisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of die far isdiction where the Property is located This Security Instrwnent is complete and full y integrated. This Security Instrument may not be mnended or modified by oral agreement. Any section in this Security Instrwnent, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or implicitly permits the variations by written agreement. If anyy section of this Secm'ity Instrument current be enforced according to its terms, that section will be severed and will not atfect the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall include the plural and the plural the singular. 'f he captions and headings of the sections of this Security Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Instrument Time is of the essence in this Security Instrwnent. 24. SUCCESSOR TRUSTEE. lie aeftciary, 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 first class mail to the appropriate party's address on page I of this Security Instrument, or to any other address designated in writing. Notice to one truster will be deemed to be notice to all trusters. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisetrum and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the Following hie applicable to this Security Inso arrant: Line of Credit The Secured Debt includes a revolving line of credit provision. Although the Seemed Debt may be reduced to a zero balance, this Security Instrument will remain in effect until released. E-1 Construction Loan. This Security Instrwnent secures an obligation incurred for the construction of an improvement on the Property. = Fixture Filing. Trustor fy wits to Beneficiary a security interest in all goods that Cnantor owns now or in the future mid 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 ra:ord for purposes of Article 9 of the Uniform Commercial Code. 0 Riders. 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] = Condominium Rider 0 Planned Unit Development Rider 0 Other E=1 Additional Terms. SIGNATURES: By signing below, 'Freston agrees to the terms and covenants contained in this Security Instrument and in any anachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page I. �, ano) KE ��iALa�� 0 � (sls \Score) KENA D BREWER (maw) (signzm MICHAEL CHARLES RB EWER lneue> ACKNOWLEDGMENT: STA'L'E OF NebraSka COUNTY OF Hal l }xs. This instrument was acknowledged before me thisllth day of February 2003 by KENA D BREWER, MICHAEL CHARLES BREWER My comtnis x ties: GENFIIAI NOiANP -Slate of Nebunn `- ANNETTE DAVIS tN,,aoy r °br,1 Fly Comm. V, May 2a� 2005 p 1494 swam 5M°mfr mc. s,. aoue. MN o -e00 a.. 9n° q Fann zr -o. -Ne temN) (xigE 4 of 4) I//TR �ct 651n E1 c4eoe).o4