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2002'073x2
<br />Unless otherwise agreed in writing, all insurance pproceeds shall he applied to the restoration or repair of the Property or to
<br />the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not
<br />extend or postpone (be due (laic of the scheduled pa ment nor charge the amount of any payment. Any excess will be paid
<br />to the Grantor. If the Property is acquired by Beneficiary, Trustoi s right In 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, 'I'rustor will not be
<br />required to pay to Beneficiary funds for taxes and insurance in escrow.
<br />21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any
<br />financial statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver, and file any
<br />additional documents or certifications that Beneficiary may consider necessary to perfect, continue, said preserve Grantor's
<br />obligations under this Security Instrument and Beneficiary s lien starts on the Property.
<br />22. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under
<br />this Security Instrument are joint and individual. If Trustor signs this Security Instrument but does not sign an evidence of
<br />debt, Trustor does so only to mortgage'Ihstor's interest in the Property to secure payment of the Secured Debt and Tlustor
<br />does not agree to be perxnnally liable, on the Secured Deb[. If this Security Ins[mment secures a guaranty between
<br />Beneficiary and Tor or, For for agtees to waive any ngghta Nat may prevent Beneficiary Crum bringing arty action o[ claim
<br />against Trustnr nr any party indebted under [he obligation. These rights may include, but are not limited to, any
<br />anti deficiency or one -action laws. Trustnr agrees that Beneficiary and any party to Chas Security Instrument may extend,
<br />modify or make airy change in [he terms of this Security Instrument or an y evidence of deb' without Tarsier's consent.
<br />Such a change will not release Trustnr from the terms of this Sew[ity Instnunent. The duties and benefits of this Security
<br />Instrument shall bind and benetit 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 />)uriadiction in which Rcneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where the
<br />Property is located. 'Phis Security Instrument is complete and fully integrated. This Security Instrument may not be
<br />amended nr modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to
<br />the Secured Debt that conflicts with applicable law will not he effective, unless that law expressly or impliedly permits the
<br />variations by written agreement. If anyy' section of this Security Instrument cannot be enforced according to its Tanis, 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 singular. The captions and headings of the sections of this Security
<br />Instrunam't are for convenience only wad are not to be used to interpret or define the terms of this Security Instrument. Time
<br />is of the essence in this Security histru Ural.
<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 designation in writing. The successor trustee, without conveyance of
<br />the Property, shall succeed
<br />to 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 to
<br />the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing. Notice
<br />to one trustor will be deemed to be notice to all tru5tol5.
<br />26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisenient and homestead exemption rights
<br />relating to the Property.
<br />27. OTHER TERMS. If checked, the following are applicable to this Security Instrument:
<br />0 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 released.
<br />Co tstrm2inn Loan. This Security Instrument secures an obligation incurred for the construction of an
<br />improvement on the Property.
<br />C] Fixture Filing. Trustor 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 he filed of record for purposes of Article 9 of
<br />the Uniform Cmmmocial Code.
<br />Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement
<br />and amend the terms of this Security Instrument. [Check all applicable boxes]
<br />I I Condominium Rider = Planned Unit Development Rider = Other
<br />0 Additional Terms.
<br />SIGNA'T'URES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any
<br />attachments. Truster also acknowledges mecipt of a copy of this Security Instrument on the date stated on page 1.
<br />i �
<br />t X5 � e RSNTAL R' .,Z S IN '(Dare) (Sign re) / (Dste'
<br />BY ROLAND E. REY LDS, SECRETARY
<br />ACKNOWLEDGMENT:
<br />STATE OF NEBRASKA , COUNTY OF HALL }ss.
<br />This instrument was acknowledged before me this 2ND dayot OCTOBER, 2001
<br />byB 3, B REFTAL PROPERTIES, INC D F. PLY L�S SEC ARY
<br />My commission ex it /L/
<br />of Ne', ��� I
<br />GENERAL
<br />IN Et strit ypLNY
<br />II JpSEPtt6', 20p1 crvo,arr rvmlm
<br />My L R0.
<br />0,s b, ti— mC,�tvlOm, Mme BU0317234n ro.m FEnTNE 10n7,0v (page 4of4)
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