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200303057 <br />D. Truster shall immediately notify Beneficiary in writing as soon as Trustor has reason to believe there is any pending or <br />threatened investigation, claim, or proceeding relating to the release or threatened release of any Hazardous Substance or the <br />violation of any Environmental Law. <br />18. CONDEMNATION. Truster will give Beneficiary prompt notice of any pending or threatened action, by private or public <br />entities to purchase or lake any or all of the Property through condemnation, eminent domain, or any other means. Truster <br />authorizes Bcncficiary to intervene in Trustor's name in any of the above described actions or claims. Trustor assigns to <br />Beneficiary the proceeds of any award or claim for damages connected with a condemnation or other taking of all or any part of <br />the Property. Such proceeds shall be considered payments and will be applied as provided in this Security Instrument. This <br />assignment of proceeds is subject to the terms of any prior mortgage, dad of trust, security agreement or other lien document. <br />19. INSURANCE. Trustor shall keep Property insured against loss by fire, hood, theft and other hazards and risks reasonably <br />associated with the Property due to its type and location. 'Phis insurance shall be maintained in the amounts and for the periods <br />that Beneficiary requires. The insurance carrier providing the insurance shall be chosen by Trustor subject to Beneficiary's <br />approval, which shall not be unreasonably withheld. If Trustor fails to maintain the coverage described above, Beneficiary may, at <br />Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Properly according to the terms of this Security <br />Instrument. <br />All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause" and, where <br />applicable, "loss payee clause." Truster shall immediately notify Beneficiary of cancellation or termination of the insurance. <br />Beneficiary shall have the right to hold the policies and renewals- If Beneficiary requires, Truster shall immediately give to <br />Beneficiary all receipts of paid premiums and renewal notice; Upon loss, Truster shall give immediate notice to the insurance <br />carrier and Bcncficiary. Beneficiary may make proof of loss if not made immediately by Trustor. <br />Unless otherwise agreed in waiting, all insurance proceeds shall be applied to the restoration or repair of the Properly or to the <br />Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not extend or <br />postpone the due date of the scheduled payment nor change the amount of any payment Any excess will be paid to the Tmstor. <br />If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting from damage to The <br />Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition. <br />20. ESCROW FOR TAXES AND INSURANCE. Unlcss otherwise provided in a separate agreement, Tmstor will not be required <br />to pay to Beneficiary funds for taxes and insurance in escrow. <br />21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any financial <br />statement or information Beneficiary may team reasonably necessary. Trustor agrees to sign, deliver, and file any additional <br />documents or certifications Thal Beneficiary may consider necessary to perfect, contimre, and preserve Trustor's obligations under <br />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 this <br />Security Instrument are joint and individual. if 'Tmstor signs this Security instrument but does not sign an evidence of debt, <br />Truster does so only to transfer, mortgage and convey Trustor's interest in the Property to secure payment of the Secured Debt and <br />Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between <br />Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Bcncficiary from bringing any action or claim against <br />Tmstor or any panty indebted under the obligation. These rights may include, but are not limited to, any anti-deficiency or one- <br />action laws. Trustor agrees that Beneficiary and any party to this Security Instrument may extend, modify or make any change in <br />the terms of this Security Instrument or any evidence of debt without Trrstor's consent. Such a change will not release'Pmstor <br />from the lemurs of this Security Instrument. The duties and benefits of this Security Instrument shall bind and benefit the <br />successors and assigns of Trustor and Beneficiary. <br />23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Sccurily Instrument is governed by the laws of the <br />jurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where the <br />Property is located. This Security Instrument is complete and filly integrated. This Security Instrument may not be amended or <br />modified by oral agreement. Any section in this Security Instrument, allachments, or any agreement related to the Secured Debt <br />that conflicts with applicable law will not be effective, unless flat law expressly or implicitly permits the variations by written <br />agreement if any section of this Security Instrument cannot be enforced according to its terms, that section will be severed and <br />will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall include the plural <br />and the phial the singular. The captions and headings of flue sections of this Security Instrument are for convenience only and are <br />not to be used to interpret or define the terms of this Security Instrument. Time is of the essence in this Security Instrument. In the <br />event any section in this Security Instrument directly conflicts with any section of a certain Home Equity Closing IIandbook which <br />contains the EqultyLine Account Agreement Terms and Conditions (as applicable), Fixed Rate Note 'Perms and Conditions (as <br />applicable), the Arbitration Agreement, and the Agreement to Provide Flood/Property Insurance, all of which Trustor agrees to by <br />signing this Security Instrument, the terms of the Home F.quay Closing Handbook shall control. <br />24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor <br />trustee without any other formality than the designation in writing. The successor tmSlce, without conveyance of the Proper, <br />shall succeed to all the title, power and duties conferred upon Tmslee by this Security Instrument and applicable taw. <br />N'EDRASKA -DEED OF rFRUa'f <br />EQI27E (06/2002) <br />