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200202574 200 36i Unless otherwise agreed in writing, all insurance proceeds s be applied to the restoration or repair of the Property or to the Secured Debt, whether or not then due, ar Beneficiary's option. Any application of proceeds to principal shall not extend or postpone the due date of the scheduled payment nor change the amount of any payment Any excess wdl be paid to the Grantor. II the ['rnpet tyy is acquired ly Benefciary, Truster s right to any insurance policies and proceeds resulting from damage to Ilm 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 Benef iciary fiords for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Truster will provide to Beneficiary upon request, any financial statement of information Beneficiary may deem reasonably recessatY. 'I 'Distort agrees to sign, deliver. and file any additional doe u ments or certifications that Benehciery may consider necessary to perfect, continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary's hen status on the Property. 22. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under his Security Instrument ire joint and individual. If Treanor signs this Security Instrument but does not sign an evidence of debt, Truster does so only to most Il'ustor's interest in the Proparty to secure payment of the Secured Debt and Truster does not agree to be personally liable on the Secured Debt If this Security Instrmnent secures a guaranty between o fi illy any Trusl:r, Trotter a reca to +v.f e any riuhts t I -rr present .enefimar, °'om - Thong auv action or claim ,.g,.'- t I' usior o ay part} nfer cd wider the obhgation. These n9ftLS may Melodic, but are not Tinned to, are antry deficiency or one - action Imes. 'll'ustor agrees that Beneficiary and any party to this Security Instrument may cslcnd. modify or make any change in the terms of this Security Instrument or any credence of debt without Trustor's consent. Such a changge will not offerse'I'ntsfor from the terms of this Security Instrument Thu duties and benefits of this Security instrument shal I bind and benefit the successors and assigns of Trustnr and Beneficial 23. APPLICABLE LAW; SEVERABILY1'Y; INTERPRETATION. This Security Instrument is governed by the Is+vs if' the Jurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisd iction where the Property is located. This Security Instrument is complete Lind fully integrated. "I'hts Security Instrument may not be amended of modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured Debt that cornicts with applicable law will not be effective, unless that law expressly or implied ly permits the sill olions by written agreement If any section of this Security Irish ument cannot be enforced according to its terns, that section will be sevored and will not affect the enforceability 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 Sceurity Instrument are for eolive Vence only and are oof to be used to interpret or dcline the terms of this Sceurity Instrument Time is of the essence in this Security Instrument. 24. SUCCESSOR 'TRUSTEE. Beneficiary, at BeneFlciaty's option, may from tune to time remove 'I trustee and appoint a successor trustee without any other formality than the desi nation in writing. The successor trustee, without conveyance of the Propeuty, shall succeed to all the title, power and Aulies conferred upon Trustee by this Security Insh'unwnt and applicable law. 25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by Mailing it by first class mail to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing. Notice I. one taster will he Jcemed to be notice Lo all trusters. 26o WAIVERS. P:xcepl In the extent prohibited by law_ Trustnr waives all appraiscment and homestead exemption rights rcl.2linv to doe Fraperly. 27. OF MIR TERMS. If checked, the following are apphcuble to this Security Instrument. [7�j Line of Credit 'The Secured Debt includes a revolving line of credit provision Although the Secured Debr 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. 'I'rustor grains to Beneficiary a security interest in all goods that Clranmr owns now or in the future and that arc or will become fixtures related to the Property. This Security Insh'Lnnmtt suffices as a financing statement mud any uarben, photographic ur other reproduction may be filed of record for purposes of Article 9 of the Uniform Commel'cial Code. bidets. The cosenants and agreements of finch of the riders checked below are incorporated into and supplement mid amend the lemts of this Security Instrmnent [Chock all applicable hexes] -] C'ondnntioiunt Rider 0 Planned Unit Development Rider 0 Other -. !_] Additional I erms. SIGNATURES: By signing below, Truster agrees to the terms and covenants contained in this Security Instrument and in any ranchlo,ots. Truao, ako cchatotcledges rcecipt of a copy of this Slicer try Instrument on the date stated on page I. Jan 28, 2002 lot, . K � aria 28,2002 - i5iena¢rzc1 tMRY E KENNEDY (ririivl [SlBnawre) IUmet JAN ACKNOWLEDGMENT: Lancaster sus STATE Or Nebraska COUNTY OF } 28th January, 2007 ;'his nstrument corm acknowledged before me this day of Y+ Itt. nary Jane Kennedy Any commission evpirec - OTW- lated._....iski GENE9PINOTAfl'FSlace of Nebmski Ill GTACY L. GGTGCHEN1VIE J MY 0 ^Ina. Eta.' - wa�nerss'yee�n m..s. cm.m run t +�nooast zant min awt nr mm1m L•• —• —• (page AOl 4) Q -C1 HINE) ryeos;m V