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200207785 Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall nor 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. It the Properly is acquired by Beneficiary, Tmstof s eight 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, Trustor will not be required to pay na 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. 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 Instrument and Beneficiary's lien stains on the Property. 22. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security InNtrmnCnL ate joint and individual. it f rustor signs this Security Instrument but does not sign an evidence of debt, Trustor does so only to mortgage Tmsror's interest in the Property to secure payment of the Secured Debt and Trustor does not agree to be Personally liable on die Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against 'Muster or any party indebted under the obligation. These rights may include, but are not limited m, any anti - deficiency or one- action laws. Truster agrees 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 Truster from the temps of this Security Instrument. The duties and benefie of this Security Instrument shall hind and benefit the successors and assigns of Trustor and Beneficiary. 23. APPLICABLE LAW; SEVERABILI'I Y; 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 fully integrated. This Security Instrument may 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 impliedly permits the variations by wrinen agreement If any section of this Security Instrument cannot Ix: enforced according to its terms, that section will be severed and will not affect the enforceability of the remainder of this Security Instrument Whenever used, the singular shall include ahc plural and the plural the singular. The captions and headings of the sections (if this Security Instrument are for convenience only and are not to be used to interpret nr define the terms of this Security Instrument. Time is of the essence in this Security Instrument. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a xurressm 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. Ilnlcsn 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 l of this Security Instrument, or to any other address designated in writing. Notice to one trustor will be deemed robe notice to all trustm's. 26. WAIVERS. Except to the extent prohibited by law, 'foster waives all appraisement and homestead exemption rights relating to the property . 27. OTHER TERMS. If checked, the following are applicable to this Security Insuument ❑ Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may he reduced to a zero balance, this Security Instmmcm will remain in effect until released. ❑ 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 future and that arc or will become fixtures related to the Property . '['his Security Instrument suffices as a financing statement and any carbon, photographic or other reproduction may be file] of record for purposes of Article 9 of the Uniform Commercial Coda ❑ Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the terms of this Security Insuument. [Check all applicable boxes] ❑ Condominium Rider ❑ Planned Unit Development Rider ❑ Other ..................... . _.......... F1 Additional Terms. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Trustor also acknowledges receipt of a copy or this Security Instrument on the date stated on page 1. r{a.......... ....... .. /,e�Gur�. .r ............................. (S'gaamr,) ROBERT G MEYER (hate) esate mOMILDRED L MEYER flame) ACKNOWLEDGMENT STATE OF NEBRASKA ..... ...... ... ... ...... ... ...._.., COUNTY OF HALL ................................ ... .. ... .... .} ss. This inatiument was acknowledged before me this ... .... 22ND ... .._ day of .................. JULY „2002 .................. b BDI3ERT y G. MEYER; MILDRED .L..MEYER,.AS.HUSRAND.ANO.WIFE .. .. . My :7AI N,. ,Y -Stare of Nebraska _ .... /. ” f.�M""....!. ` .`.. .. � MARK R. ASMU9 (ir hPobr) -�k" My Comm Fop. `f—i i—o6 MARK R. ASMUS ��1" < nr�or -rvr uamzooz !Naga 4 of 41