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200303184 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 to principal shall not extend or postpone the due date of the scheduled payymment nor change the amount of any payment. Any excess will be paid to the Grantor. if the Property as aequved by Dene£ciary, Trustor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the 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 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. Truster agrees to 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 Trustor signs this Security Instrument but does not sign an evidence of debt, Tmstor does so only to mortgage Tmstor's interest in the Property to secure payment of the Secured Debt and Trostor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between &mefno and tomnor, Truster a reel to waive any riglts that may prevent Henefici from bringing any action or claim against Truster or any party m bred under the ohlikkanon. These rights may me ode, but are not limited to, an ann- deficiency or one -action laws. 'Tmstor agrees that Beneficiary and any party to this Security Instmment may extend, modify or make any change in the [sins o£ this Securi[y Instrument or any evidence of deb[ without Tr -lot's consent. Such a change will not release Tmstor from the terms of this Security hnstrument. The duties and benefits of this Security Invnonrent shall bind and benefit the successors and assigns of Tmstor and Beneficial. 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the jurisdiction ur which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where the Property is located. This Security Instrument is complete and fully integrated. This Security Instrument may not he amended or modified by oral agreement. An 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 an section of tilts Security Instrument cannot he enforced according to its ter, that section will be severed and will not aff ms ect 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 and 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 tune remove Trustee and appoint a successor trustee without an other formality than the delibmation in writing. The successor trustee, without conveyance of the Property, shall succeedyto 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 l of this Security Instrument, or to any other address designated in writing. Notice to one truster will be deemed to be notice to all trust,... 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 arc applicable to this Security Instrument: Line of Credit. The Seemed Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a zero balance, this Security Instrument will Terrain in effect until released. Construction Loam This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. Fixture Wiling. frustor grants to Beneficiary a security interest in all goods that Grantor owns new er in the future and that are or will become fixtures related to the Property. tits 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. 0 Riders. The covenants and agreemems of each of the riders checked below are incorporated into and supplement and amend the terms of tins Security Instrument. [Check all applicable boxes] 0 Condmninium Rider 0 Planned Unit Development Rider = Other 0 Additional Terms. SIGNATURES: By signing below, Trustor 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. 31703 (signature) SOL GARCIA (Hale) (saswwm) (Date) ACKNOWLEDGMENT: STATE OF NEBRASKA COUNTY OF HALL ss. This instrument was acknowledged before me this _ 17TH day of MARCH, 2003 by SOL GARCIA__. My commission expires: �. GENERAL NOIAAY State of Nebraska (Nmary Public) - MIHLEEN A. SCHtACHTEn My Calnm. Eep, May 21, 2004 19941.M— Ina St Clue MN (1 800 397 231 1) Fo,m RE DT NE 1027,97 (DcgB 4 of 4) C I65(NE) (9808).02