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Application # 0121059059 200205527 Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of die 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 payment nor change the amount of any payment. Any excess will be paid to the Grantor. If Ole Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting from damage to the 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, Truster will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Truster will rovide to Beneficiary upon request, any financial statement or mfiorafion Beneficiary may deem reasonably necessary. Tpm rosier agrees to sign, deliver, and file any additional documents or 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 ROUND. 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 Propperly to secure payment of the Secured Debt and Truster does not agree to be personally liable on the Secured Debt. I2 this Secnrit Instrument secures a guaranty between Beneficiary and Trustor,'1'tustor, agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Truster or any party indebte� tinder the obligation. These rights may include, but are not limited to, any anti- deficiency or one action laws. Trusmr agrees drat Beneficiary and any party to this Security Instrument may extend, modify or make any change in the terns of this Security Instrmnent or any evidence of debt without Trustor's consent. Such a change will not release Trustor from the terms of this Security Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Trustor and Beneficial. 27. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of Ore urisdiction in which Beneficiary is located, except to the extent otherwise re uired by the laws of the jurisdiction where the operty is located. This Security Instrument is complete and fully integrated- This Security hutriment ma 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 impltedly permits the variations by written agreement. If any section of this Security Instrument cannot be enforced accordin to its terms, that section will be severed and will not affect the enforceability of the remainder of this Security Instrument. Venevcr used, die singular shall include the plural and die 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 terns of this Security instrument Time is of the essence in this Security Irstmment. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor trustee without any other formality than the designation in writing 'the successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and applicable law. 25. NOTICE. Urdess 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 oil page 1 of this Security Instrument, or to any other address designated in writing. Notice to one truster will be deemed to be notice to all trusters. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisenrent and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument O 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. �J Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement an 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 Bouncing statement and any carbon, photographic or other reproduction 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 incorporated into and supplement and amend die terns of this Security Instrument. [Check all applicable boxes] = Condummumn Rider = Planned Unit Development Rider 0 Other _ .. .... Additional Terms. SIGNATURES: By signing below, Truster agrees to the tans and covenants contained in this Security Instrument and in any attachments. Truster also acknowledges receipt of a copy of this Security Instrument on the date stated on page I. "— BLAKE G __.. (Slpnamre) I (DVIe) (Si6nawre) (Dam) ACENOWL.EDGMEN"f: COUNTY OF OF d " Bs ) STATE mennuht was acknowledged before me this j, L, day of C( 'G by BLAKE E GRIFFIN...... .._... My conunission expires: GEXERAI NOTARY State d Neb"Ska __. Lti- '� /. {l 6��..L`GC /GIL ✓,..,_ CATRINA M. SHUDA (Nosily Pub1c) - My Comm Exp. Aug. 10.2W3 © 1994 Bankers Syst_ loo.. s. cloud. (page 4 of 4) ® 185(NE) pars)