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200306399 Unless otherwise agreed in writing, all insurance orbs 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 payiitei�t nor change the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by Bone rfciary, Traaslor's right to any insurance policies and Droceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Dehi immediately before the acquisition. 20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Truster will not be required to pay to Beneficiary funds for Fixes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL. DOCUMENTS. Truster will provide to Beneficiary upon request, any financial statement or irdermation Beneficiary may deem reasonably necessary. Truster 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 Properly. 22. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Traitor signs this Security Instrument but does not sign an evidence of debt, Truster does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If tins Sern�eflrr Instrument secures a guaranty between Beneficiary and Truster, Truster agrees to weave any rights [ha[ may prevent bringngany action r claim gainst Trnslor or any py indebted under the obstese hty incbut are not bted to, anh- deficency or onectinn laws. Truster agrees that neticiary and any to urity instment may tenodify or make any change in the terms f this SecurInstrent or any dence of debt without Trustor's consent. Such s �han6re will no[ release Truster from the terns of this Secan'ity Instnuncut. The duties and benefits of this Security instrument shall bind and benefit the successors and assigns o£ Truster and Beneficial. 23. APPLICABLE LAW; SEVERABLLITY' 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 imphedly 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 atl ect 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 arc 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 an other formality than the desi tree in wrahng. The successor trustee, without conveyance of the Property, shall succeedyto 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 inailing it b first class mail to the appropriate party's address on page 1 of this Security Instrument, or to any other address designatedyin writing. Notice to one trustor will be deemed to be notice to all trusters. 26. WAIVERS. Except to the extent prohibited by law, Truster waives all appraisement and homestead exemption rights relating to the Properly. 27. OTDER TERMS. If checked, the following are applicable to this Security Instrument: U 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. Q Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. E-1 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 m 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 term of this Security Instrument [Check all applicable boxes] 0 Condominium Rider E-1 Planned Unit Development Rider = Other Additional Terms. SIGNATURES: By signing below, 'Truster agrees to the terms and covenants contained in this Security Instrument and in any attachments 'Trustor also acknowledges receipt of a copy of [his Security Instrument on the date stated on page I. (_,;alCOLaL ��' Isi�amal COLLEEN E ANG (n,a) (sisnsmrr) (nmr) ACKNOWLEDGMENT STATE OF NEBRASKA ,COUNTYOF HALL o "m °awe This instrument was acknowledged before me this 16TH day of MAY, 2003 - byCOLLEEN E LANGE, AN UNMARRIED PLRSY_ - -___. -.... _. My commiss(i+on expires: FI'�,'p',y GENt KATHLEEN AS CHE Ne HTEH y {"f® KATHLEEN P May 2l. HTEH My Comm. Fxp. May 21. 2004 p 1 Y94 bmYe[s SynWe, ma. $t Cloud MN (1 -8e0 307 D41) ro,m pE-eT NE 1)"p, (page d of 4) dn - C 16 51 N E) (9 8 80), 0 2 ID