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200302892 Application [f 0121633184 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 in 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 motor. If the Property is acquired by Beneficiary, Trusmr's right to an y insurance policies and yroceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of [he Secured ))ebt 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 provide to Beneficiary upon request, any financial statement or information Beneficiary may deem reasonably necessary. Tmstor agrees m sign deliver, and file any additional documents or certifications that Beneficiary may consider necessary to perfect, continue, and 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 Truster signs this Security Instrument but does trot sign an evidence of debt, Tmstor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Tmstor does not agree m be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Truster, Tmstor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Tmstor or any party indebted under the obligation. These ri ts may include, but are not limned lo, any anti-deficiency or one - action laws. Trustor 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 Tmsmr from the terms of this 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 hrsmment is governed by the laws of the Jruisdic[ion in which Beneficiary is located, except m ch extent otherwise requved by the laws of the jmtsdsnon where the Property is located. This Sec- Instrument ts cote lete and fWly integrated. This Security Ins[rttrnent ma not be amended or modified by oral agreement. An section m this Security Instrument, attachments, or any agreemeu[ re lated to the Secured Deb[ that conflicts with applicable law will not be effee[rve, unless that law expressly or rmpBedly permits the variations by written agreement. If any section of this Security lnstnunem 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 an d the plural the singular. The captions and headings of the sections of this Security Instrument are for convenience only and arc no[ m he used to interpret or define [be terms of this Security Iuscamen, Time rs of the essence m this Security Instrument. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to tine 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 1 of this Security Instrument, or to any other address designated in writing. Notice to one trustor will be deemed to be notice to all castors. 26. WAIVERS. Except to the extent prohibited by law, Tmstor waives all appraisement and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument: Ll Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a zero balance, this Security Instrument will remain in effect until released. Q Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. 0 Fixture Filing. Tmstor grants to Beneficiary a security interest in all goods that Grantor owns now or in the future and that are or will become futures 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. Q 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] =1 Condominium Rider = Planned Unit Development Rider = Other _ . ......................1111,,... Q Additional Terns. SIGNATURES: By signing below, Tmstor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Tmstor also acknowledges receipt of a copy of this Security instrument on the date stated on page 1. ICLJJ ea I D3 dT . a 3-1-03 ICARLA SHA (Dam) THEODORE R HA A (Date) (Signature) ( ) (Sl8 ACKNOWLEDGMENT: IIrr !1,, I`/ STATE This instrument was ackn4tPwlyd4 edlC fore me this COUNjYO da of i6f L4 1111., jss. h q� omidmwt g Y by RARLA SRAFRR and THEODORE R SHAFER _ My commission exp es: GEMEPAL NOIAAY -State oI Neh aska cAlaiN AM.SIUDA Cl �: /P�.�� GOr,;m_ Exp. Aug. 90, 2007 - (noury Pubticl © i58I Bankers System. 1%. S. Omd. MN 0 ",397 23an Fo FE -m NE 1=1187 (page 4 of 4) ®®- C165(NE) (9e9e)