200207569 - Laserfiche WebLink

Browse

20.0207569 Unless otherwise agreed in writing, all insurrse proceeds s]in]I be applied to the rem sration 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 payound nor change the amount orally payment Any excess will be raid to the Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and Morris resulting from damage to the Properly before the acquisition .shall pass to Beneficiary to the extent of the Secured Debt immediately hchac the acquisition. 20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will riot be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENT'S. Trustor will provide to Beneficiary upon request, any financial statement rr information Beneficiary may deem reasonably necessary. Trustor 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 hsstrument and Beneficiary's lien status on the Property. 22. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument ere joint and individual. If Trt>_stor signs this Security Inshonimn but does not sign an evidence of debt, Trustor does so only to nmrtgage "Irustor's interest in the Property to secure payment of the Secured Debt and Truster does not agree to be personally liable on the Secured Debt, If tills Security Instrument secures a guaranty helwcen Beneficiary and Trustor, Trustor eggreel to waive arty riy�hls that may prevent Beneficiary firm bringing any action or claim against Trustor or any Paris indclued under the obligation. These rights may include, hot are net limited to, any imn- defciency or one - action laws. Trisfor agrees that Beneficiary and illy party to this Security Instrument pray 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 Crum (he terms of this Security rnsclmmcin The duties and benefits of this Security Instrument shall hind and benefit the successors and assigns cf Trustor and Beneficial 23. APPLICABLE LAW; SEVERABILI'I V; INTERPRETATION. This Security Instrument is governed by the laws of the jurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where the Property is located. This Security Instrument is complete and (ally integrated. This Security Instrument may not be amended or modified by oral agreement. Any section in tills Security Instrument atmclunents, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or iniphedly permits the variations by written agreement. If my section of this Security Instrument cannot be enforced according to its terms. that section will be severed and will not affect the cnfaceability of the remainder of this Security Instrument. Whenever used. the singular shall include the plural mid the plural the singular_ The captions and headings of the sections of this Security lasn'umcnl 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 this Security Instrument. - 24. SUCCESSOR TRITSTEE. Beneficiary, at Beneficiary's option, may flour time to time remove Trustee and appoint a successor trustee without any oilier formality than the designation in writing_ The successor trustee, without conveyance of the Property, shot] succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and applicable law_ 25. NOTICE. Unless 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 on page I of this Security Instrument, or to any other address designated in writing. Notice to one tirstor will be deemed to be notice to all clusters. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all apponscmcut and homestead exemption rights relating to the Property. 27. OTHER TERMS. U checked, the following are applicable to this Security Inxnmnenr Line of Credit The Seemed Dcbt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a zero balance, this Security hnslrumcnt will remain in effect until released_ �� Construction Loan. This Security Inslrumcnt secures an obligation incurred for the construction of at, improvement on die Property. � Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Grantor owns now or in the tutus and that arc a will become fixtures related to the Property. This Security hisnvment suffices as a financing statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the Uniform Commercial Code_ Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the terms of thus Security Instrument. [Check all applicable boxes] -u Condominium Rider p.. Planned Unit Development Rider Other '. 1 Additional Terms. SIGNATITRES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instumeni mid in any attachments. Tnrstor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. rFibremrel �t A S a,nne cl merACKNOWLEDGMENT STAFF OF Nebraska ,COUNTY OF Hall _____ ss. _--_-- _-w__ °ntlnieua" This instrument was acknowledged before me this 1 5th --- day of _July 2002 by Rhonda J Langer.,_An.. My conmiission expires: Unmarried Person O� - s a AMNEIT nAVIS �MCmn, - - 32W ' w s er i © rs" aa,xme sysrems. m=. s, cope_ uu pnnnzw ass'i sler -a, I'll, it (Pape a of 4) - C165(N E) ,aoer o 1