|
Application # 0121070148
<br />200205526
<br />Unless otherwise agreed at writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to the
<br />Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not extend or
<br />postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid to the
<br />Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and prowels resulting from
<br />damage to the Property before the acquisition shall pans to Beneficiary to the extent of the Secured Debt immediately before
<br />the acquisition.
<br />20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be
<br />required to pay to Beneficiary funds for taxes and insurance in escrow.
<br />21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Truster will provide to Beneficiary upon request, any
<br />financial statement or information Beneficiary may deem reasonably necessary. Truster agrees to sign, deliver, and file any
<br />additional documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Grantor's
<br />obligations under this Security Instrument and Beneficiary's lien status on die Property.
<br />22. JOINT AND INDIVIDUAL LIABILITY; COSIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this
<br />Security instrument are joint and individual. If Trustor signs this Security Instrument but dues not sign an evidence of debt,
<br />Trustor does so only to mortgage 'rrustor's interest in the Pro arty to secure payment of the Secured Debt and Toaster does not
<br />agree to be personally liable on the Secured Debt, If this Security Instrument secures a guaranty between Beneficiary and
<br />Truster, Trustor agrees to waive any rights Wa! may prevent Beneficiary from bringing any action or claim against Truster or
<br />any party indebted under the obligation. These rights may include, but are not Whited to, any anti -deficiency or one-action
<br />laws. Truster agrees that Beneficiary and any party to this Security Instrument may extend, modify or make any change in the
<br />terns of this Security Instrument or any evidence of debt without Trustor's consent. Such a change will not release Truster
<br />from the lams of this Security Instrument. The duties and benefits of Ws Security Instrument shall bind and benefit the
<br />successors and assigns of Trustor and Beneficial.
<br />23. APPLICABLE LAW; SEVERARILITY; INTERPRETATION. This Security Instrument is governed by the laws of the
<br />juradiction 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 Instrmnent is complete and fully integrated. This Security Instrument may not be amended or
<br />modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured
<br />Debt that conflicts with applicable law will not be effective, unless that law expressly or imphaty permits We variations by
<br />written agreement if any section of this Security Instrument carrier be ent'orced according to its terms, that section will be
<br />severed and will not affect, the enforceability of the remainder of tits Security Instrument. Whenever used, the singular shall
<br />include the plural and the plural the singular. The captions and headings of the sections of this Security Instrument are for
<br />convenience only and are not to be used to interpret or define the terms of this Security Instrument Time is of the essence in
<br />this Security Instrument.
<br />24. SUCCESSOR TRUSTEE. Beneficiary, al Beneficiary's option, may from time to time remove Trustee and appoint a
<br />successor trustee without any other formality than the designation in writing. The successor trustee, without conveyance or the
<br />Property, shall succeed to all We title, power and duties conferred upon Trustee by this Security instrument and 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 We
<br />appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing. Notice to one
<br />mister will be deemed to be nonce to all trustors.
<br />26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating
<br />to the Property.
<br />27. OTHER TERMS. If checked, the following are applicable to this Security Instrument:
<br />E-1 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 W effect until released.
<br />E] Construction Loan. This Security Instrument secures an obligation incurred for We construction of an improvement
<br />on the Properly.
<br />0 Fixture Filing. Tmstor grants to Beneficiary a security interest W all goods that Grantor owns now or in the hhmre and
<br />that are or will become fixtures related to the Property. This Security Instrument suffices as a financing statement and
<br />any carbon, photographic or other reproduction may be tiled of record for purposes of Article 9 of die Uniform
<br />Commercial Code.
<br />0 Riders. The covenants and agreements of each of the riders checked below arc incorporated into and supplement and
<br />amend the terms of this Security Instrument [Check all applicable boxes)
<br />= Condominium Rider 0 Planned Unit Development Rider E:] Otter
<br />Additional Ternhs.
<br />SIGNATURES: By signing below, Tmstor agrees to the terms and wvcrams contained in this Security Instrument and in any
<br />attachments. Irustor also acknowledges receipt of a copy of this Security Instrument on the dale stated on page 1.
<br />n A
<br />(sic cure) lY FT (Date) (sigaatnre) SAND YL� [Date)
<br />ACKNOWLEDGMENT: r, p n +'
<br />STATE OF _.' lt`)PIA m&t✓, ,COUNTY OF flh�_(,I ry a }ss.
<br />Ic') acknowledged �l 1A t,,7 ...........
<br />by RANDY nKRAFTand SANDRA ri(gpftti5 '{-( day 0t L t,,.. r�-� L1'L
<br />b
<br />My commission expi .......... 11 j/�"E) �ry /�ali��u��y✓ ..
<br />GENERAL NOTARY -Slate of Nebraska
<br />CATRINA M. SHUDA
<br />My Comm Exp Aug. 10, 2003
<br />©19946aoFen syatema, Inc, St_ cmua, to ry.eco-aerasat) u,m (page 4 of 4)
<br />®®016I oust
<br />
|