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200303657 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 paymerit nor change the amount of any payment. Any excess will be paid to the Grantor. If the Proper y is acqutred by Aeneficiary, Truslor'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, Truster will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIA REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any financial statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sitm, 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, Trustor does so only to mortgage Truster's interest in the Pro eny to secure payment of the Secured llebt acrd Trustor does not agree to be personally liable on the Secured Debt. ItP [}us Security Instrument secures a guaranty between Beneficiary and Truster, Truster aggrees [o waive any righis that may prevent &ncficiar from Intuit ig any action or claim against 'Trustor or any party mdcbted corder the obliggation. These rights may include, but are n I hrmted r any ant- deficiency or one -ashen laws. Truster agrees that Beneficiary and any party to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument m any evidence of debt without Trustor'i consent. Sudi a change will not release Trustor from the terms of this Security Instrument. "1'he duties and benefits of this Secmrty Inshument shall bind and benefit the successors and assigns of Truster and Beneficial. 23. APPLICABLE IAW; SEVERABILITY• INTERPRETATION. This Security inshumcnt is governed by [lie laws of the Jur w isdiction m which Beneficiary is locahxf, except to the extent otherwise required by the laws of the jurisdiction where the Property located. This Security Instrument is complete and fully integrated. This 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 applicable law will not be effective, unless that law expressly or impliedly permits the variations by written agreement. If an 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 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 Instrument. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor trustee without any other formality than the deli bon m writing' The successor trustee without conveyance of the Property, shall succeed to all the title, power and ones conferred upon Trustee by this So:cunty Instrument and applicable law. 25. NOTICE. Unless otherwise required by law, any notice shall he 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 desibmat- 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 appraisemcm and homestead exemption rights relating to the Property. 27. OTHER TERMS If checked, the following are applicable to this Security Instrument Q 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 hnstrmnent will remain in effect until released. Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. Fixture Filing. Truster 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 amend the terms of this Security Instrument. [Check all applicable boxes] = Condominium Rider =1 Plumed Unit Development Rider = Other Additional Terms. SIGNA'T'URES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. 4� � J 3,d -f -c3 3,a�O3 (Sign..) ANTO K ETENSKY (Date) �� (Date) ACKNOWLEDGMENT STATE OF NEBRASKA (1nih "a,rao This instrument was ackriowledged before me this by ANTON J KVETENSKY AND MARY E KVI My conmhission E -� ex AOiftAYS1ab oP Fattish fATHENINE J.6X My Comm. Erp. \. COUNTY OF HALL 24TH day of MARCH, 2003 _.. _. TENSKY,_ HUSBAND AND WIFE \� Ma.ter tie, n,m,e) © 19Y4 Bankers synems. 11 . $t Dona, NN (1- 800397 -2341) rain, BF or rvr I D27N7 tooge 4 of d) dM- L165INE) (9808).02