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200306519 Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to the Seemed 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 pent nor change the amount of any payment. Any excess will be aid to the Grantor. If the Properly is acquired by Beneficiary, 'I'nstor's right to any msmanee policies and proceeds resulting from damage to the Property before the acquisition shall pass m 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. Truster will pprovide to Beneficiary upon request, any financial statement or information Beneficiary may deem reasonably necessary. 'Irustor 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 under 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 paymem of the Secured Debt and Truster does not agree to be personally liable on the Seemed Deb[. If this Security Instrument secures a guaranty between Beneficiary and Truster, Truster agrees to waive any rts that may prevent Beneficiary from bringing any action or claim agarnst Trns[or or any party indebted under the obfiSman. These rights may include, but are no[ lmn[ed [o, an aneficiency or one- ar:tion laws. Truster agrees that Beneficiary and any party m this Security Instrument may extend, modify or make any change in the terms u( this Security Ins[nunent or any evidence of deb[ wdhou[ Trustor's consent. Such a change will not release Truster from the terms of tlda Security Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Truster and Beneflcial. 23. APPLICABLE LAW; SEVERABILEff- INTERPRETATION. This Security Instrument is governed by the laws of the ))urisdiction in which Beneficiary is located, except to the extent otherwise required by [he 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 affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall include the plural and the pima] 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 home rent. 24. SUCCESSOR TRUSTEE. Beneficimy, at Beneficiary's option, may from time to time remove Trustee and appoint a successor trustee without an other formality than the dcognanon in wrmng. The successor trustee, without conveyance of the Property, shall sure 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 I of this Security Instrument, or to any other address designated in writing, Notice to one trustor will be deemed to be notice to all trustors. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument: L:1 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. = Construction Loan. This Security Instrument secures, an obligation incurred for the construction of an improvement on the Property. 0 Fixture Filing. Tractor grants to Beneficiary a security interest in all goods that Grantor owns now or in the future and that are or will become flumes 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 Code. E] 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] Q Condominium Rider 0 Planned Unit Development Rider = Other O Additional Terms. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. 7 � �/i_. (si�enire)DAMON E OBERMILLER (Date) ( ew.v7 JODI L OBERMILLER (Dare) ACKNOWLEDGMENT STATE OF Nebraska , COUNTY OF Hall _ _ _ _ _ u"�'ndu"0 This instrument was acknowledged before me this29th day of May .2003 ._ by DAMON E OBERMILLER,_ JODI L OBERMILLER ___ My commission expires: GENERAL NOTARY -Slate of Nebrassa (NOiuy robot) J III DAVID F. DOHMEN My Comm. &). Aug. 4, 2004 Qc 1994 emYei5 sy5rem6. Inca 3l. oleos MN (1400 a97 -2341 ) Fmm 11 ul ul IomF] Gouge 4 of 4) ® L 1651NE) (9¢10)02