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200306062 Unless otherwise agreed in writing, all insurance)! eim1. alistI be, applied W the restoration or repair of the Pn ty or to the Secured Debt, whether or not then due, at ]ieneficiary's option. Any application of proceeds to principal, shall not extend or postpone the due date of the scheduled payment nor chhaanng¢e the amount of any payment Any excess will be paid to the Grantor. If the Property is acquired by Beneficiary, Tmstuiss right W an insurance nlicias and pmcceds resulting from damage m the Property, before the acquisition shall pass to Beneficiary to the extent ofpthe Secured Debt immediately before the acquisitor. 20. ESCROW FOR TARES AND INSURANCE. Unless otherwise provided in a separate agreement, Truster will not be required to pay to Beneficiary fonds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Truster will pprovide W 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 W perfect, continue, and preserve Granter's obligations under this Security Instrument and Beneficiary s lien status on the Property. 22. JOINT AND INDIVIDUAL LIABILITY; COSIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under tits Security I n are jrint and individual. If Truster signs this Security lastrument but dose not eigo an evidence of debt, Truster does so only te mortgage TrusW2 s interest in the Pro rtY te secure payment of the Secured Debt and Tnistor dose nut agree ti be personally ]table on the Secured Debk If�tlup Security instrument secures a guaranty between Benefieiary and Truster, Truster agrees W waive any ri6�hts that may prevent Renefiuiary 1'mm bringing any action or claret against Truster or an y party indebted under the obliggation- These rights may include, but are not limited te, an anti - deficiency or oneactun laws. Truster agrees that Benefieiary and any party te ttus Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any evidence of debt without Trusters consent Such a thant,�e will nnL release Truster from the terms of this Security Insbwnenk The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Truster and Beneficial. 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed bp die, laws of the JJurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jun iction 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. Anyy section in thus 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 imphedly permits the variations by written agreement If anyy section of this Security instrument cannot he snfilmed according W its terms, dust section will be severed and will not afteet the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall include the plural and the plural die 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 Instroinent. 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 trustee without conveyance of the Property, shall succeed to the title, power and duties conferred upon Trustee by this Security Instrument and applicable law. 25. NOTICE. Unless otherwise re<{uirsd by law, any notice shall be given by delivering it or by reading it b first class mail to the appropriate party's address on page 1 of this Security Instrument, or to any other address designateFin writing. Notice to one buster will be deemed to be notice to all trusters. 26. WAIVERS. Except W the extent proldbited by law, Truster waives all appraisement mid homestead exemption rights relating to the Property. 27. OTHER TERMS. if checked, the following arc applicable to this Security Instrument D Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced in a zero balance, this Security, hnstroment will remain in effect umfil released. 0 Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Properly. Fixture Filing. Truster grants W 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 5 of the Uniform Commercial Code. O Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the terns of this Security Instrument. [Check all applicable boxes] 0 Condominium Rider F-1 Planned Unit Development Bider 0 Other Additional Terms. SIGNATURES: By signing below, Trustee agrees to the terms and covenants contained in this Security Instrument and in any attachments. Truster also acknowledges recsipt of a copy of this Security Instrument on the date stated on page 1. / U 3 #c - n 1 15i Nre) IDalel I SignaNeei RUTH C FOWLICES 'sl yna ACKNOWLEDGMENT: STATE OF Nebraska , COUNTY OF Hall )as, ma�m�a. This irsLrununnL was acknowledged before me this rf day of /ffq� y .2 or 3 by RwH C FOWLKES My commission expires: GENERAL NOTARY -State 01 Nebraska 111 iNnury Pubao DAVID F DOHMEN My Comm. Exp. Aug. 4, 2004 O van oa-. +e, s,0t .. n_. , .,IDJJ. V 0 800 3w -234'h Ic,m':.Dl -Nr mmrol (pope 4 of 4) -CI 65(NE)(,b H, 02 w