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200203475
<br />Unless otherwise agreed in writing, all insurance pproceeds shall be applied to the restoration or repair of the Property or to
<br />the Secured Debt, whether or not then due, at Beueficiary'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 paid
<br />to the Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting
<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, Tmstor will not be
<br />required to pay to Beneficiary funds for taxes and insurance in escrow.
<br />21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Tmstor will provide to Beneficiary upon request, any
<br />financial statement He information Beneficiary may deem reasonably necessary. Tmstor agrees to sign, deliver, and file any
<br />additional documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Gratuor's
<br />obligations under this Security Instrument and Beneficiary's lien status on the Property .
<br />22..TOINT AND INDIVIDUAL LIABHSTYi CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under
<br />this Security Instrument are joint and individual. If Tmstor signs this Security Instrument but does not sign an evidence of
<br />debt, 'Truster does so only to mortgage Trustor's interest in the Property to secure payment Of the Secured Dcbl and
<br />Truster does not agree to be personally liable on the Secured Debt. If this .Security Instrument secures a guaranty between
<br />Beneficiary and Tmstor, Trustor agrees to waive any rights that may prevent Beneficiary, from bringing any action or claim
<br />against Truslor or any party indebted under the obligation. These rights may include, but are not limited to, any
<br />anti - deficiency m one -acnoa laws. Truster agrees that Beneficiary and any patty to this Security Iustrmmem may extend,
<br />modify or make any change in the terns of this Security Instrument Or Huy evidence of debt without Tmstor's consent.
<br />Such a change will not release Tmstor from the terms of this Security Instrument. The duties and benefits of this Security
<br />InstrumcnL shall bind and benefit the successors and assigns of Tmstor and Beneficial.
<br />23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the
<br />.,a ..dielion in which Beneficiary is located, except . to the extent otherwise required by the laws of the jurisdiction where
<br />the Property u located. 'Phis Security lwtmmem is complete and fully integrated- This Security Instrument may not be
<br />amended nr mmlmficd by oral agreement. A section in this Security Instrument, attachmens, or any agreement related to
<br />The Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or mrpliedly permits the
<br />variations by written agreement. If soy section of this Security Instrument cannot be enforced according to its terms, that
<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 Sirgulac '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 of this Security Instrument.
<br />Time is of the essence in this Security Instrument.
<br />24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a
<br />successor trustee without any other formality than the desi an n in writing. The successor trustee, without conveyance of
<br />the Prnppcity, shall succeed to all the title, power and duties 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
<br />in the appropriate party's address on page 1 of this Security Instrument, or to are other address designated to writing.
<br />Notice to one t rstor will be deemed to he notice to all tractors.
<br />26. WAIVERS. Except to the extent prohibited by law, Tmstor waives all appraisement and homestead exemption rights
<br />I elating to the Property.
<br />27. OTHER TERMS. If checked, the following are applicable to this Security Instrument
<br />❑ 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 relcascd.
<br />❑ Construction I.. This Security butrmnem secures an obligation incurred for the construction of an improvement
<br />on the Property.
<br />❑ Fixture Filing. Truster grants to Beneficiary a security interest in all goods that Grantor owns now or in the future
<br />and that are or will become fixtures related to the 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 the
<br />Uniform Commercial Code.
<br />❑ Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and
<br />amend the terns of this Security Instrument. [Check all applicable boxes]
<br />❑ Condominium Rider ❑ Planned Unit Development Rider ❑ Other ............. ..._......_._.__............_..
<br />❑ Additional Terms.
<br />SIGNATURES: By signing below, Truster agrees to the terns and covenants contained in this Security Instrument and in any
<br />altadmrewss TTToostor also acknowledges receipt of a copy of this Security Instrument on the date stated on page I.
<br />JULIE PABPETT Gaa>
<br />(sixnawra) ROBERT PAGGETT (eau) (sit e aamc r =
<br />ACKNOWLEDGMENT
<br />STATE OF Nebraska_,_,,.,,,., COUNTY OF Hall,,,.,.., .,,, - .} ss.
<br />This instrument was acknowledged before me this . 20th„ day of .. March, 2002
<br />by HBBERTPAUGETT; JULIE,PAUGETT, Husband_ and Wde
<br />My commission expires: 1 t
<br />GENEOAL NOtPPY -Stile of NehnsMa L —
<br />III eAICHELLF L. HUNT rvou,y wtt.l
<br />�lssa e..x.a sv .wii -p0 €PgoAiV 2007 E.ozs 0rnreT fPe9e 4 0141
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