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200201100 Unless otherwise agreed in writing, all insurance pruceeds 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 applicmiou of proceeds to principal shall not extend m poatponc 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 Beneficiary, 'Irustor's right to any insurance policies lard proceeds resulting from damage to the Property before the acquisition shall pass to 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 Bcneficiary fluids for taxes mid insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any financial statement or infummtion Beneficiary may deem reasonably necessary" '£rust., agrees to sign, deliver, and file my additional documents or certifications that Beneficiary may consider necessary to perfect, continue, mid preserve Grmrtor s ohligations 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. IfTruslur signs this Security Instrument but does not sign an evidence of debt, Truster does so only to mortgage Tri stor's interest in the P10 arty to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If thin Security instrument secures a guaranty between Beneficiary and 'I raster, Ti ustor a6raes to waive mry rigbls that may prevent Beneficiary from bringing any action m claim against Trust,' or any party indebted under the obligation. These rights may, include, but are not limited to, in anti- deficiency or one action laws Truster agrees that Beneficiary mud any party to this Security Instrument may extend modify or snake any change in the terms of this Security Instrument or any evidence of debt without Tramiel'a consent. Such a Change will not release Tnlstor from the teens of this Security Instrument. The duties and benefits of this Security Intranet shell hind and benefit the successors and assigns of Trustor mid Beneficial. 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security instrument is governed by the laws of the jurisdiction iv which Beneficiary is located, except to the extent otherwise requved 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, attaclurents, or my agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly 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 histruniet. Whenever used, the singular shall include the plural and the plural the singular. Tile captions and headings of the sections of this Security Ins li meet 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 m this Security hnstnunent. 24. SUCCESSOR TRUSTEE. Bcneficiary, at Beneficiaryy s option, may fi'om time to time remove 'trustee and appoint a successor trustee without any other formality than the demi ration in wasting" The successor trustee, without conveyance of the Property, shall succeed to all the title, power lard duties conferred upon 'trustee by this Security instrument and applicable law. 25. NOTICE. Unless otherwise required by law, may notice shall be given byldelivering it or by loading it by in first class. Notice the approprime Party's address on page 1 of this Security Instrument, any to one truster 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 Properly. 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument =_ Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may he reduced to a zero balance, this Security Instrument will remain in effect until released. Construction Loan. this, Security Instmmim secures an obligation incurred for the construction of an improvemcu mr the Property jJ Fbanre Filing. Truster grams no Bcneficiary a security interest in all goods that Grantor owns now or in the future and that me in will become fixtures related to the Property . This Security Instiumert suffices as a financing statement and any carbon, photographic oe other reproduction may be filed of record for purposes of Article 9 of the Uniform Commercial Code. Riders. The covenants mid agreements of each of the riders checked below are incorporated into mid supplement and around the teens vital, Sincerity Instmntent- [Chock all applicable boxes] J C'oadmanime Ride -' P honed Unit Development Rider !_I Odler _ _ _ _ _ _ _ _ _ " _ _ _ _ _ _ _ _ _ _ _ " Additional Tell SIGNATURES: By signing below, 'I ustor agrees to the terms and covenants contained it this Security Instrument and in any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page I- �� (bignuture) DARRRL W BARDRRS (Fare) tSigoamra) PARRLA F HARDRRS Inetc) ACKNOWLEDGMENT: STATE OF Nehra Ska---- _- _ -" - -- .COUNTY OF Hall -------- --- - - - - -. }ss. --- eta of Januar 2002 --------- This instrument was acknowledged before me this 22n_d _ _ day .f _ Y by Darrel W_. Harriers_anii Pamela F Harders, Husband a_n_d, Wife - - - -- My emmnission expirea: GENERALNOTARRStaleaf Nebraska - - - -�� k `" - --- III ANNETTE SNCI,2Y to °u'r r" °Ire) -- RY Comm. Erp. Nm, 13, 2002 p 199 BanMeu Tyslona, Inc., SL oua ' m H tH ......1I Form Nr'DT -NE 10 ?271517 (page 4 of 4) -C1 65(NE) I9sos),1