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200201101 Unless otherwise agreed in writing, all inaurauce proceeds shall be applied to the restoration or repair of the Property o to the Scoured Debt, whether nr not then due, at Beneficiary's option. Any application of proceeds m principal shall not extend or postpone the due date of the scheduled pa ment nor charge the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by Beneficiary, Trustor 's right to any insurance policies and 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 Beneficiary funds for taxes and insurance or escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trn.stor will provide to Beneficimy upon request, any B mocial statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver, mid file any additional documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Grantor's obligations under this Security Instrument and Be reficimy's lien status on the Property. 22. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument arc 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 Pro Perty to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Security Insnunnent secures a gloomily between Beneficiary and Trustor, Trnsmr agrees to waive any rights that may prevent Bencficiar� from bringing any action or claim against Mustor or any party indebted under the obligation These lights may inc ode, 'out are not limiled to, an anti- deficiency or one -action laws. Trustor agrees that Beneficiary and any party to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any evidence of debt without Tmstor's consent. Such a change will not release Trustor from the terms of this Security Instrument. The duties and benefits of this Security lnstmment shall bind and benefit the successors and assigns of Trustor and Beneficial. 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. 'this Security Instrument is governed by the laws of the I urisdicttnn 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 ttsdmment, 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 tine variations by written agreement. If an yy sechou of this Security Instillment 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 aid the plural the singular . 'Ihe captions and headings at the sections of this Security Instillment are for convenience only and are not to be used to interpret or define the leans of this Security Instrument. Time is of the essence in this Security Inswment. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor trustee without any other formality dial tine designation in writing. 'f he successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and applicable law. 25. NOTICE. Unless o [his shall trial class mail to e aapma Vh ty's address il page I of ISe ¢nty nstrument,, or to any other address designated in writing, Notice to one truster will be deemed to be notice to all truvtors. 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 tills Security Instrument, 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 retrain in effect until released. =Construction Lean. This Security Instrwount secm'es an obligation incurred for the construction of an improvement on the Property. 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 as a financing statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the Uniform Concretized Code. Riders. the covenants aid agreements of each of the riders checked below we incorporated into and supplement and amend the terms of this Security instrument. ]Check all applicable boxes] [_l Condominium Rider Plarmed Unit Development Rider L Other - ------ - - ---- --- -- - --- L , Additional Terms. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Trustor also w1meoviedges receipt of a copy of this Security Instrument on the date started on page I. E /to t :gnomic) KEVIN J WILLEY (betel (Sigvemr) YNT RIA A WILL &Y C/ lUarq ACKNOWLEDGMENT: STATE OF _. __ Nebraska_ , COUN TY OF _ Hall ]ss. - - u.ni.u,�° Thin msGUment was acknowledged before me this 22 _ day of Janus Ty 2062 by Kevin _J Willey and Cynthia A Win Husband and -W My unmmission expires' UFNFAALNOTAflY State olNe6m6ka / �� IWNETfE STUCKEY My Comm. Fxp. Nov. 13, 202 (Nnua Nitta Q 1994 9aniers syr:ema Inc a c— mN o- 800.397 -zi+rl run.: a1 a rv1 11t2VO7 (page 4 of 4) Q;6165(NE) t"t")01 w