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200304028 Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Pro or to the Secured Debt, whether or not then due, at Beneficiary s option. Any application of proceeds to princip shall not extend or postpone the due date of the scheduled pa t nor change the amount of any payment. Any excess will be paid to the Canton If the Property is acquned by Beneficiary, Trustor's right to any insuance 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. Truster will provide to Beneficiary upon request, any financial statement or information Beneficiary may deem reasonably necessary. 'I rustor agrees to sign, deliver, and file any additional documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Cantor'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 framer 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 agr ee [o be personally liable on the Secured Debt. If this Security Instrument va;ures a guaranty between Beneficiary and Tms[or, "1 roster agrees to waive any r[s that may prevent Beneficiary from bringing any action or claim against Truster or any party indebted under the obCiEntton. These rights may include, but aze not limited to, any antficiency or one -action laws. Truster agrees that Beneficiary and any party to this Security Instrument may extend, modify or make any change hr the terms of this Security Instrument or any endence oi' debt without Traamo consent. Such. change will not release Truster from the terms of this Security Instrument The duties and benefits of this Security hnstruar shall bind and benefit the successors and assigns of Truster and Beneficial. 23. APPLICABLE LAW; SEVERABH.ITY- INTERPRETATION. This Security Instrument is governed by the laws of the ]urisdiction in which Beneficiary is locate, except to the extent otherwise required by the laws of the jurisdrntion where the Property is located This Security Instrument is complete and fully integrated. 'phis 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 implicitly permits the variations by written agreement. If any suction of this Security Instrument cannot be enforced according to its terms, that section will be severed and will not att'ect the enforceability of the remainder of this Security Instrument. Wlteaever 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 TROSTEF,. &meficiary, at Bwieficiary's option, nary. from time to time remove Trustee and appoint a successor trustee without any other formality than the desigrent in wriung. 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 orators. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appointment and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following aze applicable to this Security Instrument 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. Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. 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. 0 Riders. The covenarns 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] 0 Condominium Rider = Planned Unit Development Rider = Other Additional Terms. SIGNATURES: By signing below, Truster agrees to the terms acrd covenants contained in this Security Instrument and in any attachments. Truster also acknowledges receipt of a copy of this Security h atroment on the date stated an page 1. 3 �3 3 (si,) JOHN Ef (Date) re)J L O� (Dace) ACKNOWLEDGMENT: STATE OF Nebraska , COUNTY OF Hall _ _ _ )as. This instrument was acknowledged before me this Z 9 day of Mpa-� by JOHN E NOWICKI,. JENNIFER L NOWICKI _. My commission expires: GENERAL NOTARY• Goo M NB_brZa MARK E. KENSTEN MV Comm Exp. Aup 17, 2008 ©1994 B.011 S1s1e 11.l- et. Cloud MN (1.00039] -2041) Fmm lit -DI NE 10a707 (pope 4 of 4) d -C 165(NE) (9Bae) B2