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200305465 Unless otherwise agreed in writing, all insurance pproceeds 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. It the Property rs ac%ired by Biaacficiary, 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. I rustor agrees to sign, deliver, and file any additional documents or certifications that Beneficiary may consider necessar to perfect, continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary s lien status on die Property. 22. JOINT AND INDIVIDUAL LIARMII'Yi CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Trustor signs this Security Instrument but does no[ sign an evidence of debt, Trustor does so only to mortiage Trustm's interest in the Property to secure payment of the Secured Debt and Truster does no[ agree to be personally fable on the Secured Debt. 1 this Security nstrmnent secures a guazanty between Acncficiary and Trus[or, '1'rustor agrees to waive any ri¢h'a that may prevent Beneficiazy from bringing any actwn or claim against Truster or any party indebted miter the 0 L anon. These rights may include, but aze no[ limited to, an ann- deficiency or one - action laws. Truster agrees that Beneficiary and any party to this sceurtty Instrument may extend, modify or make any change in [he terns of this Security Instrumeri[ or mry evidence o£ debt without Trustor's consent. Such a change will not release Truster from [he ternss of this Security Instrument. The duties and benefits of dds Security Instrument shall bind and benefit the successors and assigns of Truster and Beneficial. 23. APPLICABLE LAW; SEVERABHJTY; 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 nstr anent, 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 Securityy Instrument cannot be enforced according to its terms, that section will be severed mid will not affect the enforceability N 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 we 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 finer time to time remove Trustee and appoint a successor trustee without any other formality than [he deli Lion 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 1 of this Security Instrument, or to any other address desibmated in writing. Notice to one truster will be deemed to be notice to all trustors. 26. WAIVERS. Except to the extent prohibited by law, 'frustor waives all appraisement and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following are 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. ED Construction Lost This Security Instrumwt secures an obligation incurred for the construction of an improvement on the Property. L-1 Future 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 tiled of record for purposes of Article 9 of the Uniform Commercial Code. 0 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 El Planned Unit Development Ridcr E-J Other Additional Terms. SIGNATURES: By signing below, Truster 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. ( /�� 4 -25 -03 Q- .'l� 4 -25 -03 (Si Lyra) ROBERT P HOOVER (Date) (Sig�EN A HOOVER (Darr) ACKNOWLEDGMENT STATE OF Nebraska , COUNTY OF Hal l Las. this instrument was acknowledged before me this25th day of April 2003 by ROBERT P HOOVER, KAREN A HOOVER My commission expires: - WNEMNOTARY- SWUHIbNNa (NMry nimm) ANNEITE DAVIS My Comm. Era. MI23.2008 pi4saRcnk- syateMS Inc, Sraura, ua(I8aa 997 vddq loam RE-DT-NE OVNr. (page 4or4) ® CIRS(NE) (98").02