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Application # 0121031OGG 200205610 Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Properly 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 the Property is acquired by Beneficiary, '1'mstor's right Io any insurance policies and pproceeds 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 provide to Beneficiary upon request, any financial statement or information Beneficiary may deem reasonably necessary. Truster agrees to sign, deliver, and file any additional documents or certifications than Beneficiary may consider necessary to perfect, continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary's lien scams on the Property. 22. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Truster signs Ws Security Instrument but does not sign an evidence of debt, Trustor does so only to mortgage Truster's interest in the Property to secure payment of the Secured Debt and Trustor does not agree m be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Tmstor, Truster agrees to waive arty rights that may prevent Beneficiary from bunging any action or claim against Trustor or any party indebted under the obligation. These rights may include, but are not linmed to, any anti - deficiency or one action laws. Trustor agree, that Beneficiary and any party to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any evidence of debt without Trustor's consent. Such a change will not release Trustor front die terms of this Security Instrument, The duties and benefits of this Security Instrument shall hind and benefit the successors and assigns of Trustor and Beneficial. 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the jurisdiction in which Beneficiary is located, except to the extent otherwise re uired 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 attended or modified by oral agreement Any section in this Security Instrument, atmclhnhents, or any agreement related to the Secured Debt fruit conflicts with applicable law will not be effective, unless that law expressly or implicitly permits die variations by written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that section will be severed and will not affect the enforceability of the remainder of this Security Ihstmment. Whenever used, the singular shall include the plural and the plural die 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 terms of this Security Instrument. Time is of the essence in tills Security Instrument. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to that, remove Trustee and appoint a successor truster without any other rotundity than the designation in writing. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred upon Tru tau by this Security lastrament and applicable law. 25. NOTICE. Unless otherwise required by law, any nonce shall be given by delivering it or by mailing it by lira[ 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 Waster will be deenhed to be notice to all trustors. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following are applicable m this Security Instrument: Line of Credit. The Secured Debt includes a revolving line of credit provision. Although tine Secured Debt may be reduced to a zero balance, this Security Instrument will remain in effect until released. L-1 Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Grantor owns now or in the figure 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 reproduction may be filed of record for purposes of Article 9 of die Uniform Commercial Code. Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and attend die terms of this Security Instrument [Check all applicable boxes] = Condominium Rider [-1 Planned Unit Development Rider =Other Additional Terms. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any allzciune Truster: also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. (SiR (sic AVE12N N KOWA�SKI� ��(e)GL (Sixnawre) N MA S KOWAPSSXI .(Den. G) ACKNOWLEDGMENT: �/ SIATL OF Neb. -t'k" , COUN 0111-1i,le This instrument was acknowledged before me this (/ I m by LAVERN R KOWALSKI and NORMA S ROW ALSK My commission expires XFIUL k8TARY�q d WaWa T. S. EIDE My Comm. Erp. Apo tY, 2o03 �11n© ssa oa�eers syiiam.. too. s ciooc, ms n- aooasaz,aiI row nr -err aF 1011111 l�yy�C165(NE) (s,0,) TY OF 111V I dry of T � IN s r nay (page a ofd