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<br />Unless otherwise agreed in writing, all insurance ppros s s a npplied to the ,- twwion or repair of the Property or to
<br />the Seemed Debl, whether or not then due, at Beneficiary's option. Any application of proceeds [o prinmp shall not
<br />extend or postpone the due date of the scheduled pa t nor change the amount of any payment Any excess will be paid
<br />m the Grantor. If the Property is acquired by Beneficiary, Truslmr s right to any insurance olicies and proceeds resulting
<br />from damage to the Property before the acquisition shall pass to Boonficiary to the extent 0 the Secured Debt immediately
<br />before the acquisition.
<br />20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Truster will not be
<br />required to pay to Beneficiary fonds for taxes and insurance in escrow.
<br />21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. 'Imstor will pprovide to Beneficiary upon request, any
<br />financial watement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver, and file my
<br />additional docu rnsas or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Grantor's
<br />obligations under this Security instrument and Beneficiary s lien stains on the Property.
<br />22, JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS, SUCCESSORS AND ASSIGNS BOUND. All duties under
<br />this Security Instrument are joint Enid individual. If Truster signs this Security Instrument but does not sign an evidence Of
<br />debt, Truster does so only to mortgage Trustor's interest in the Property to secure payment of the Seemed Debt and Tmstor
<br />does not agree to be personally liable on the Secured Debt. I this Security Instrument secures a gummy between
<br />Beneficiary and Trvstor, Trustor abRees to waive any, rights that may prevent Beneficiary fr om bringing any action or claim
<br />against Truster or any party indebted under the oblrgatiov. Wiese rig�tpy include, butyare not limited to, my
<br />anti - deficiency or one -action laws. Truster agrees [hat efici and an to this Securi Instrument may ex.
<br />tent
<br />modify or make my change in the terms of this Security Instrument or my evidence of debt without Trus[or's consent.
<br />Such a chinge will not release Truster from the terms of this Secuity lnsnument The duties and benefits of tlils Security
<br />instrument shall bind and benefit the successors and assigns of Truster and Beneficial.
<br />I the
<br />23. APPLICABLE ILAW; SEVF.RABILITY; INTERPRETATION. This Security Instrument is governed by the laws o
<br />] urisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where the
<br />Property is located. This Security Instrument is complete and Cul]y integrated. This Secirity Instrument may ant be
<br />anrended or modified by oral agreement. Any section m this Security Instrument, attachments, or my agreement related
<br />to
<br />s the
<br />the Secured Debt that conflicts with applicable law will not be effxs[ive, unless that law expressly or imphedly permit
<br />variations by written agreement. If m section of this Security Instrument cannot be enforced according to its terms, that
<br />section will be severed and will not affect the enforceability of the remainder of this Security Instrumxmt. Whenever used,
<br />the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Security
<br />Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Instrument. Time
<br />is of the essence in this Security Instrument.
<br />24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiarys option, may from time to time remove Trustee and appoint a
<br />successor trustee without ,2 other formality than the designation in writing. The successor trustee, without conveyance of
<br />the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and
<br />applicable law.
<br />25. NOTICE. UNess otherwise required by law, my notice shall be given by delivering it or by mailing it by first class mail to
<br />the appropriate party's address on page 1 of this Security hl5triment, or to my other address designated in writing. Notice
<br />to one trustor will be deemed to be notice to all trusters.
<br />26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisemm[ and homestead exemption rights
<br />relating to the Property.
<br />27. OTHER PERMS. If checked, the following are applicable to this Security Instrument:
<br />[_] Line of Credit The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be
<br />reduced to a zero balance, this Security Instrument will remain in effect until released.
<br />Construction Loan. This Security Instrument secures an obligation incurred for the construction of an
<br />improvement on the Property.
<br />EJ Fixture Filing. Truster grants to Beneficiary a security interest in all goods that former owns now or in the future
<br />and that are or will become fixtures related to the Property. This Security Instrument suffices as a financing
<br />statement and my carbon, photographic or other reproduction may be filed of record for purposes of Arlicle 9 of
<br />the Uniform Commercial Code.
<br />El Hiders. The covenants and agreements of each of the riders checked below are incorporated into and supplement
<br />and miend the terms of this Security Instrument. [Check all applicable boxes)
<br />Q Condominium Rider 0 Planned Unit Development Rider = Other ----- _ _ _ _ _ _ _ _ _ _ _ _ _ -----
<br />EA Additional Terms.
<br />SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security histriunent and in my
<br />attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1.
<br />rr /" sox ,5 �,T - -t ---
<br />— - - - - --
<br />(s, i )GEORGIA M PERRELET (Date) (s0o w,e)KSRK PERRELET (Dam%
<br />ACKNOWLEDGMENT:
<br />STATE OF -NEBRASKA- OF_ -HALL .---------- - -- ---- -- - -)as.
<br />This instrument was acknowledged before me this--- 10TH_ _ - daY of _ .1ANUABY, _ 2002_ _ _ _ _ _ _ _ _ _
<br />by GEORGIA - M_PERRELET_ AND KIRK PENELET,_WIFE AND_JiUS6AND --- - - - - -- - - - --
<br />My commission expires:
<br />G__ (gTHENINEJ'SMUOS M at -)-___ L?ilXX11____
<br />blia)
<br />My Comm, Exp.
<br />AN
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