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200305611 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 due of the scheduled payment nor change the amount of any payment. Any excess will be paid to the Grantor. If (he Propcoy is acquired by Beneficiary, Toaster's right to any insurance policies and proceeds resulting fr rn damage to the Property before the acquisition shall pass it) Beneficiary to the extent of the Secured Debt immediately before the acquisition 20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agrcunent, Truster will not be required b 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. Truster agrees to sign, deliver, and file any additional documents or cenifications 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, Tmstor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Toaster does not agree to be personally liable on the Secured Debi, If (his Security Instrument secures a guaranty between Beneficiary and Trustor, Tmstor agrees in waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or any party indebted under the obligation. These rights may include, but are not limited to, any anti - deficiency or one - action laws. q'trslor agrees that Beneficiary and any party to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any evidence of debt without Toaster's consent. Such a change will net release Trustor from the terns of this Security Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Trustor and Beneficiary. 23. APPLICABLE LAW; SEVERABU ITY; 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. 'Ibis Security InsRUntcnf is complete and Polly integrated. 'Ibis 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 wriaen agreement_ If any section of this Security Instrument cannot be enforced according to its Terns, that section will be severed and will not affect the enforceability of the remainder of (his 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 Ibis 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 fumedity than the designation 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 designated in writing. Notice to one frustor will be deemed to be notice to all Iruslors. 26. WAIVERS. Except In the extent prohibited by law, Trustor waives all appmisemern and hunheshad exemption rights relating In the Property. 27. OTHER TERMS. If checked, the following arc applicable to this Security Instrument: 7 Line of Credit. 'I'be Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a LCr1 balance, this Security Instrument will remain in effect unlit released. fxf 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 Clods. ❑ Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and reread the terms of this Security Instrument. [Check all applicable boxes] ❑ Condominium Rider ❑ Planned Unit Development Rider ❑ Other ..._ .............. ............................... ❑ Additional Terms. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any amachnICTIN. Tustot also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. _A.4 ........ .. ........... .... ........... gOBERT A. ROACH (Dam) (Spnturc) RHONDA L. ROACH .. ACKNOWLEDGMENT STATE Olh NEBRASKA ..... ............................... COUNTY 01/ ......... ......... .. ........ .. ......... ...........) ss. This instrument was acknowledged before me this .......30TH....... day of ......__..... .. APRIL, 2003 ..... . by Rommissione p: RHONOA L.P ➢A➢H,HUSBAN➢ &.WIFE ... .. ....... .... My commission expires: ^Y° 191996 Bmb,a9Vnnmglne -�61. LIwd MN Porn sleTNt 1 /JO /i00i BP11E115L HOIARY- 3hOrdRedWn (page 4o)4) ROB% L REED By Crum. BP. July 30, 2005