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200305940 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 pa em nor change the amount of any payment. Any excess will be aid to the Grantor. If the Properly is acquired by Beneficiary, Trustor's right to any maumnee licies and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Uebt 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. 1 rustor agrees to sign, 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 ander 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 Trustor's interest in the Property to secure payment of the Secured Debt and Traitor does not agree to be personally liable on the Secured Debt. If this Secui Instrument secures a guaranty between Beneficiary and Trustor, Trustor agree$ [o waive any ri¢ltts that may preOent Aencficiary Crum bringing any action or claim against Trustor or any party indebted under the obCiaatioa These rights may include, but are not hmrted to any anh- deficiency or one -actin laws. Trustor agrees that Beneficiary and any party [o this Security histnunent may extend modify or make any change in the terms of this Security Instrument or any evidence of deM without Trustor's consent. Such a change will not release Trustor from the Icrms o this Security Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Trustor and Beneficial. 23. APPLICABLE LAW; SEVERABILITY• INTERPRETATION. This Security Instrument is governed by the laws of the ,lurisdichon N which Beneficiary is locan;1, 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 Seemed Debt that conflicts with applicable law will not be effective, unless that law expressly or implicitly 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 my other formality than the desigriahon in writing. The successor trustee without conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Stecunty Instrument and applicable law. 25. NOTICE. Unless otherwise required by law, my notice shall be given by delivering it or by mailing it by first class mail to an the appropriate party's address on page I of this Security Instrument, or to y other address designated in writing. Notice to one ouster will be deemed to be notice to all masons. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisemem and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument 0 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 lnstrrmnent will remain in effect until released. = Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. 0 Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Grantor owns now or in the future and that me or will become fixtures related to the Property. This Security Instrument suffices as a financing statement and my 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 0 Planned Unit Development Rider 0 (hirer Additional Terms. SIGNATURES: By signing below, Trustor agrees to the terms and wvenants contained in this Security Instrument and in my attachments. Truster also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. l Q� ��nt�� h�c3 tsignaNrc) HAROLD F PLE UP Nam? (sgn.wre)HOLLY K PLEJDRU Namj ACKNOWLEDGMENT: SPATE OF /Uyq�({,C This instrumee�`ga`11t was crowledged befor me s bY.�(Y FfP{��QCNA....._D 1�4 My commission fires: -f I III GENERAL NOTARWStre M Nebraska JOSEPH R. DOBROVOLNY Ny COM. EV. Sept. 3.2004 COUNTY OF -/� -C l % )ss. Afrrlrf �-. C U I I�b � Irv,nI�Z�. �J O W4 amkeo SV51 ,15. mc st . sous MN (1 aao- 9972341) roim orL! -aE i oarrv7 (page 4 & 4) ® -CI ONNEI (seoa }arz