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200203459 Unless otherwise agreed in writing, all insurance proceeds shall he applied to the restoration m' repair of the Properly m' to the Secured Debt, whedier 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 payment nor change the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by Beneficiary, 'Imstor's light to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary [o 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 he required to pay to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Truster will provide to Beneficiary upon request, any Financial statemcnl or information Beneficiary may deem reasonably necessary. Truster agrees to sign, delis er, and file any additional documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Grantoi 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 di this Security Instrument are joint and invidual If Truster signs this Security Instrument but does not sign an evidence of debt, Truster does so only to mortgage Tiustor's interest in the Ponrcrty to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. It this Security Instrument secures a guaranty between Beneficiary and Trustor, Trustor agrees to waive any rigghts that may prevent Benefcimr , from bringing atr_v action or claim against Trustor or any party indebted under the obligation" these rights may include, but are not limited to, any antideficiency or one -action laws. Trustor agrees that Beneficiary and any party to this Security hrstrumcnt may extend, modify or make any change in the terms of this Security Instrument or any evidence of debt without I rustor's consent_ Such a changge will not release Trastor fi'om the terms of this Security Instrument. The duties and benefits or this Security Instrument shall bind and benefit the successors and assigns of fluster and Beneficial. 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the jurisdiction in which Beneficmry is located,, except m 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 Ally 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 of imphedly permits the variations by written agreement. If an section of this Security Instrument cannot be enforced according to its terms, that section will be severed and will lint affect the enforceability of the remainder of this Security Instrument. Whenever used, the .singular shall include the plural and the plural Oro singular. The captions and headings of Om sections of this Security f e,h unrent are for convenience only and are not to be used to interpret or define the terns of this Security Instrument. Time is of the essence in this Security Instrument. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to lime remove Trustee and appoint a successor trustee without any other formality Oran the designation in writing. The sucecssor trustee, without conveyance of the Property, shall .succeed to all the title, power and duties conferred upon 'Trustee by this Security Instrument acrd 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 I of this Security Instrument, or to any other address designated in writing. Notice to one foster will he dccmed to be notice to all airltors_ 26. WAIVERS. Lxcept to the extent prohibited by law, Troffer waives all appraisement and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the fallowing are applicable to this Security instrument: [� ],me 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 mail released. Construction Loan, This Security instrument sections an obligation incurred for the construction of an imprnvcment on the Property _ �-1 Fixture Piling. Trustor grants to Beneficiary a security interest in all goods that Grantor ovens 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 reproductimr may be filed of record for purposes of Article 9 of the Uniform Commercial Code. I Riders. the covenants and agreements of each of the riders checked below are incmporated into and supplement and amend the terms of this Security Instrument. [Check all applicable boxes[ Condominium Rider Planned Unit Development Rider 0 Other (-•j 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 oil the date stated on page I _ ., �/Sig tturq TODD W FRIESEN lUaml 6 1aa gLOAI R F ES IUarcl ACKNOWLEDGMENT STAILOP NEBRASKA I COON TYOF HALL Jss. I�4.,�B -10 III -- da of MARCH 2002 My rscrnn DD Wwas IEEE cd cd D re ute this - - -- g _ y h TODD W FRIESEN AND LORI K-FRI e NUSB D Nth WIFE- ENER4L N07ABY State al Nebraska JOSEPH R. DODROVOLNY - - --- - -- _ MY Comm. to Se0t, 3, 2601 w,s,lh rl,nnl © 104 sinkers Systena. Inc st elood. MN (1 - BOO J9?- "1) Farm n1 or to 10/0]19] (page 4 of 4) -Cl 65(NE) maoalol