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200201361 Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of [he 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 pa ment nor change the amount of any payment Any excess will be Paid to from edamage to heTPrlopertytbeforegthe acquired shall Beneficiary, to Benefichary to thetextent of t he Secured Debteimmediately 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 in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any financial statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver, and tile any additional documents of certifications that Beneficiary may consider necessary to perfect, continue, and preserve Grantor's obligations 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. 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 Property to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Tiustor or any party indebted under the obligation. These rights may include, but are not funned to, anv anti-deficiency or one - action laws. Trustor agrees that Beneficiary and any party to this Security Instrument may extend, modify or make an), any change in the terms of this Security Instrument or any evidence of debt without Trustor's consent. Instrument shall bind atnd benefit thesuccessorseand this Trustor andtBe eficial.he duties and benefits of this Security 23. APPLICABLE LAW; SEVER INTERPRETATION. This Security Instrument is governed by the laws of the jurisdiction 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 Instrument, attachments, or any 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 aereentent. If any section of this Security Instrument cannot be enforced according to its terms, that section will be severed and will not affect the entorceability 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. 2l. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiardd, s option, may from time to time remove Trustee and appoint a thecProperty, shall itSucceedytoother all the title, powei andsidutieso conferred uponeTru tees by t this Security tInsstru etc and applicable law. gre s shall ny etrs ny mail 25 )c r the appropr atepa ty'saddressonpagI of th SecurityIstrumnt orto any othradde designated in writing. Notice to one trustor 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 rclatini, to the Prooerty. 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument: 0 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 remain in effect until released. Construction Loan, This Security Instrument secures 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 Commercial Code. F7 Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the terms of this Security Instrument. [Check all applicable boxes] '_� Condominium Rider O Planned Unit Development Rider = Other Additional Terms. SIGNATURES: By signing below. Trustor agrees to the terms and covenants contained in 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. J 1,,. �� ( Jan 28, 2002 Jan 28, 2002 w�`^ -� (Dam) (Signature) (Dam) ISignature) MF�2Y JANE KENNEDY ACKNOWLEDGMENT STATE OF Nebraska I'his instrument was acknowledged before me this ,,, Mary Jane Kennedy My commission expires: COUNTY OF Lancaster }ss. 28th day of January, 2002 1904 Bankers Sy It ems. Inc S! M,d. MN (1- 800-397 2341) Form RE -DT -NE 10127197 (M- Cl 661NE) (980a).01 0 L'L N" A ll, IkRy.state of Nebraska III GTACY L GIJTSCHF,N ITTER MY Cm. fxp. 6 It1 G� (page 4 of 4)