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'�tl0�UO3&3 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 payment nor change the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by Bene ieaary, Tmstor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary m [ e extent of the Secured Debt immediately before the acquisition. 20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Tmstor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Truster 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 certifications that Beneficiary maY consider necessary to perfect, continue, and preserve Grantor's obligations under dais Security Instrument and Beneficiary s lien status on the Property. 22. JOINT AND INDIVIDUAL. LIABILI'IYj kAl-Me this Security Instrument are joint said individual. If I debt, Truster does so only to mortgage Tmstor's ante does not agree to be personally liable on the Sec Beneficiary and Tnustor, Tmstnr agrees to waive any against Trusmr or any party indebted under the anti- deficiency or one - action laws. Truster agrees It modify or make any change in the terms of this Se Such a chanKe will not release Truster from the lem Instrument shall bind and benefit the successors and e ICCESSORS AND ASSIGNS BOUND. All duties under s this Security Instrument but does not sign an evidence of ropeny to secure payment of the Secured Debt and Tmstnr If this Security Instrument secures a guaranty between may prevent Beneficiaryy from bringing any action or claim These rights may me ode, but are not limned to, any arty and any party to this Security Instrument may extend, amen or any evidence of debt without Tmstor's consent. xurity Instrument. The duties and benefits of this Security raster and Beneficial. 23. APPLICABLE LAW{ SF.VERABILITY, INTERPRETATION. This Security Instrument is governed by the laws of the !urisdietion in which Beneficiary is located, except to the extent otherwise required byy the laws of the jurisdiction where the Property is located. This Security Instrument is complete and hilly 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 implicitly permits the variations by written agreement. If an section of this Security Instrument camiot 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 any other formality than the designation in writing. The successor trustee, without conveyance of the Property, shall succeed m all the title, power and dunes 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 to writing. Notice to one arusmr will be deemed to be notice to all tmsmrs. 26. WAIVERS. Except to the extent prohibited by law, 'toaster waives all appraisemenf and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument 0 Line or Credit. The Secured Debt include., 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 she construction of an improvement on the Property. Fixture Wiling. To stor 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 Code. 0 Riders. The covenants and agreements of each or the riders checked below are incorporated into mid supplement and amend the terms of this Security Instrument. [Check all applicable boxed 0 Condominium Rider n 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. 'Tmstnr also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. � 1" { /) (Sign start) L (Date) (Slgnemrc) LAVOPNE 8 PETERS Nate) As Trustee of the Luther R. Peters As Trustee of the Lavonne R. Peters ACKNOWLEDGMENT: Trust Trust STATE OF NEBRASKA . COUNTY OF HALL }ss. This instrument wits acknowledged before pie t s 4th d¢y of JANUARY 2002 by Z-#,, La tam+ My commission ex OENEML NOTANP -Stale ei NeL °shat KE AS NrJ Camm. fxD. aa0 2002 rvm ",r v„snti © ,Ben .s " i- s.cm "e. nnry u- nooaev -zoo11 r",m er -ors1 1 on1,11 feage 4 of 41 - C1651NEI ieenxim