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200303558 Unless otherwise agreed in writing, al] insurance proceeds shall be applied 1r the rcsmration or repair of the Property or to the Secured Debt, whether or nut then due, at Beneficiary's option. Any application of proceeds to pnncipal shall not extend or postpone the due date of the scheduled pa eat nor cliange [he nmolmt of mry payment. Any excess will be yaid to the Grantor. If the Property is acquired by Beneficiary, Trustor's nght to any in 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, 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. Trustor 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 nn 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, Truster does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Trustor does not agree to It personally liable on the Secured Debt. If this Security Tnstrument securev a guaranty between Beneficiary and Trustor, Trustor a6rues to waive any rights that inay prevent Beneficiary from bringing any action or clabn against Trustor or any party indebted under the obligation. These nghts may include, but are no[ limited L as anti- deficiency or one- action laws. Trustor agrees drat Beneficiary and any party [o [his Security Instrument may extend modify or make any change in the terms of this Security Instmment or any evidence of deb[ without Tmstor's consent. Such a change will not release Trustor 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 SEVERABILITYr• INTERPRETATION. This Security Instrument is governed by the laws of the . adicI on in which Tenefciary is locates, except to the extent otherwise required byy the laws of the jurisdiction where the Property is located. This Security Instrument is complete and fully integrated. lliis 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 applicuble law will not be effective, that at law expressly or imphedly permits the variations by written agreement. If an y 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 captious mid 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 Instrument. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary s option, may from tune to time remove Trustee and appoint a successor trustee without any other formality than the desigradion 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 thia Security Instrument, or to any other address designated in writing. Notice to one truster will be deemed to be notice to all trustors. 26. WAIVERS. Except to the extent prohibited by law, 'truster waives all appraisement and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument: 0 Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Seemed Debt may be reduced to a min balance, this Security Instrument will remain in effect until released. M Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. E7 Fixture Filing. 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. 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. Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amerid the terns of this Security Instrument. [Check all applicable boxes] = Condominium Rider = Planed Unit Development Rider = Other Additional Terms. SIGNATURES: By signing below, Treater 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. A/W l c 32 �lUll <�dP� tl�J 3 �� (Sig1 mrc) ERNIE R HETRICK (oam> (sigrartrs)SHERI LEI IT CK fo.ml ACKNOWLEDGMENT: STATE OF NEBRASKA , COUNTY OF HALL Melweo.n This instrument was acknowledged before me this 21ST day of MARCH, 2003 by ERNIE-R _ HETRICK AND SHERI LEI HETRICK, HUSBAND AND WIFE My commission expires: - - _ - - GENlKAL NOTAPV- Slat¢of Ne HTE. KATHLEEN A. SCHL.,k( �^) my Gomm. bp_ May 21, 2004 094 Beek— Systems, ) p 91 e d,MN(1Ao0- i9L2941)Fo,m RF -0LNE 10n?R? (".qn 4orA) (a-C165(NE) (vaoa). oa