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200201102
<br />Unless otherwise agreed in writing, all insurance pproceeds shall be applied m the restoration or repair of the Property or to
<br />the Secured Debt, whether or at then due, at Beneficiary's option. Any application of proceeds to principal shall not
<br />extend or postpone the due date Of the scheduled payment nor change the amount of any payment Any excess will he aid
<br />to the Grantor- If the Property is acquired by Benc runny, Trnstor's right to my insurance policies mid proceeds resu paid
<br />from damage to the Property before the acquisition shall pass to Beneficiary to the extent of 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 fiords for taxes and insurance in escrow.
<br />21. FINANCIAL. REPORTS AND ADDITIONAL DOCUMENTS. Truster will Provide to BeneficiarYd upon request, any
<br />financial statement m' information Beneficiary may dews reasonably necessary. 7lustor agrees to sign, eliver, and file any
<br />additional documents Or ccrtificolions that Beneficiary may consider necessary to perfect, continue, mid preserve Granter's
<br />obligations under this Security Instrument and Beneficiary's lien slaws on the Property.
<br />22. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS SUCCESSORS AND ASSIGNS BOUND. All duties under
<br />this Security Instlument we joint and individual_ If Truster signs this Security Instrument but does not sign an evidence of
<br />debt, Trus[nr does so only to mortgage Taster's interest in the Pro to secure Payment of :he Secured Dehl and Truster
<br />does not agree to be personally liable on the Seemed Debt If this Security Instrument secures a guaranty between
<br />Beneficiary mid 'Trustor, TrusLet agrees m wave any rights that may prevent Beneficiary from bringing any action or claim
<br />against Trustor or only party indebted tinder the obligation. These rights may include, but arc not limited to, an
<br />anti- deficuncy or one -achon laws. Trustor agrees' that Beneficiary and any party to this Security instrument may extend,
<br />modify of make any change in rte terms of this Security Instrument or any evidence of debt without Trustoi s consent_
<br />Such a change will not release Trustor from the teens of this Security Instrument the duties and benefits of this Security
<br />Instrument shall bind and benefit the successors and assigns of Folstm and Beneficial.
<br />23. APPLICABLE: LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is goveered by the laws of the
<br />7m'isdietioil 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 Inshvment s complete and fully integrated. Phis Security Instrument may not be
<br />annended or modified by oral agreement. Any section in this Security Instrument, attachments. or any agreement related to
<br />the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits that
<br />variations by written agreement. If at section of this Security Instrument cannot be enforced according to its terms,
<br />section will be severed and will not affect the enforceability of the remainder of this Security Instrument. 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 offing Security Instrument. Time
<br />is of the essence 'a this Security Instrument.
<br />24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may Corm tittle to time remove Trustee and appoint a
<br />successor trustee without arty udder formality than the designation in writing. The successor trustee, will
<br />conveyance uC
<br />the Property, shall succeed to all the title, power and dunes conferred upon Trustee by this Security Instrument and
<br />applicable law.
<br />25. NOTICE. Unless otherwise required by law, any 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 Instrument, or to any other address designated in writing. Notice
<br />to one truster will be deemed to be notice to all tmstors_
<br />26. WAIVERS. Fxccpt to the extent prohibited by law, 'Trustor waives all appraisement and homestead exemption rights
<br />relating to the Property.
<br />27. OTHER TERMS. If checked, the following are applicable to this Security Instrument:
<br />L J 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 />J Construction Loan. This Security instrument secures an Obligation incurred 12n tine construction Of an
<br />improvement on the Property.
<br />Fixture Filing. Trustor gnats to Beneficiary a security interest in all goods that Grantor owns now or in the future
<br />and that me or will become fixtures related to tine Property. This Security Instrument suffices as a financing
<br />statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of
<br />the Uniform Commercial Code.
<br />LJ Riders. The covenants slid agreements of each of the riders checked below are incorporated into and supplement
<br />and amend the terms of this Security lostruinent [Check all applicable boxes]
<br />L— Collmannmm Rider Planned Unit Development Rider '' .Other _---- -. - - --
<br />n Additional' forms.
<br />SIGNATURES: By signing below, Trustor agrees to the term and covenents contained in this Security Instrument and in any
<br />attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date staled on page 1.
<br />ACKNOWLEDGMENT:
<br />STATE of NEBRASKA -------
<br />This instrument was acknowledged before me this
<br />by DANIEL_ E_ ONEILL_ AND DIXIE
<br />My eouunission expire.:
<br />II
<br />LEML'Sfpt,�, YGUIe of Nahr aska . OO�BDB 200aY m. lay. 0
<br />,COUNTY OF HALL _ -.- --------- !as.
<br />22ND____ day-of JANUARYi_2002 ____
<br />A 0 T,a HUS =D W_ E. ___
<br />t>✓mi,yr nt�t
<br />© Ills 08nkers Sc, ems, Inc_ al. or, o P 00 d 9111111 roam RE -0LNE 10!1 ]1W Ipa-Oe 4 Of 4)
<br />dn -Cl 85(NE) IatHton
<br />(Signature) DANIEL E ONEILL
<br />(Uetc)
<br />IRignaw,el l]IXIE A
<br />ONHILL
<br />lesrc)
<br />ACKNOWLEDGMENT:
<br />STATE of NEBRASKA -------
<br />This instrument was acknowledged before me this
<br />by DANIEL_ E_ ONEILL_ AND DIXIE
<br />My eouunission expire.:
<br />II
<br />LEML'Sfpt,�, YGUIe of Nahr aska . OO�BDB 200aY m. lay. 0
<br />,COUNTY OF HALL _ -.- --------- !as.
<br />22ND____ day-of JANUARYi_2002 ____
<br />A 0 T,a HUS =D W_ E. ___
<br />t>✓mi,yr nt�t
<br />© Ills 08nkers Sc, ems, Inc_ al. or, o P 00 d 9111111 roam RE -0LNE 10!1 ]1W Ipa-Oe 4 Of 4)
<br />dn -Cl 85(NE) IatHton
<br />
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