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200304381 Unless otherwise agreed in writing, all insurance proceeds shall be applied in 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 payment nor change the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting from damage to the Properly 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 agreemem, Truster will not be required w pay to Beneficiary funds for tones and Insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Tmstor will provide to Beneficiary upon request, any financial statement or information Beneficiary may deem reasonably necessary. Truslor agrees to sign, deliver, and file any additional documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Gramm'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 trader this Security Instrument are joint and individual. If Tmstor signs this Security Instrument but does not sign an evidence of debt, Trusror does so only in mortgage Toulon's interest in the Property to secure payment of the Secured Debt and Truster does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Truster, Triestor agrees in waive any rights that may prevent Beneficiary from bringing any action or claim against Truster or any parry indebted under the obligation. These rights may include, but are not limited to, any anti- deficiency, or one - action laws. Tmsmr agrees that Beneficiary and any parry in this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any evidence of debt without Truslor's consent. Such a change will not release Toaster from the terms of this Security Instrument. The duties and beneffts of this Security Instrument shall bind and benefit the successors and assigns of Tmstor and Beneficiary. 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the jurisdiction in 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 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 any 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 Inslrumen are for convenience only and are not to be used m interpret or define the terms of this Security Instrument. Time is of the essence in this Security Insln®em. 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 designation in writing. The successor toaster, without conveyance of the Property, shall succeed to all the tide, 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 truster will be deemed to be notice to all trustom. 26. WAIVERS- Except to the extent prohibited by law, Tmsmr waives all appraisement and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument. fjf Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a zem balance, this Security Instrument will remain in effect until released. Cd Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. ❑ Fixture Filing. Tmstor grants to Beneficiary a security imerest in all goods that Grantor owns now or in the future and that are or will become fixtures related w 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 ❑ Planned Unit Development Rider ❑ Other .................. ................................ ❑ Additional Teruo. SIGNATURES: By signing beta Tmsmr agrees to the terms and covenants contained in this Security Instrument and in any attachments. Toaster also ackno edges receipt of a copy of this Security Instrument on tie date stated on page 1. r � ... /�. %� ... .............. A.. .../:5 L1..93 (Sl1-W KEVIN O. RISH (Date) (Si tax)ROSANNE M. RISH (Date) STATE OF NEBRASKA ..... ............................... COUNTY OF MTABICK .......................................... } ss. n°11rtlop' This instrument was acknowledged before me this ........ iITH ... .... d of ................. .AP.HIL,2G0.3.................. by KEVINO,. FISH: flOSANNEM. flI. SH,. HNSBAN0 .AN0.WIEE ................... .... ......... ................... . My commission expires: 08.01 .2003 (Nduy Mbiic) OE80RAH K. BECK Ej � ®1996 nsnYen System; Inc., Sx. GIwE, MN Fe,m PE OT NE 130 /0004 !page 4 0f 4, �' GENEPAL NGiABY-Slala of NnbMSka DEBORAH K. BECK My Carom Exp, Ail. 1, 2001