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200208160 Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property in to the Secured Lehi, 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 charge the amount of any payment, Any excess will be paid to the Granter. It' [he Property is acquired by Beneficiary. Tmstor's right to airy 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 '['AXES AND INSURANCE. Unless otherwise provided in a separate agreement. Truslor will not be required to pay to Beneficiary fiords for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMEN]'S. Trustor will provide to Beneficiary upon reques'L 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, mid preserve Uranmr's obligations under this Security Instrument mad Beneficiary's lien status on the Property . 22. JOIN'[ AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Trustor signs dais Security Instrument but does not sign an evidence of debt, I rus[or does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Il'ustor does not agree to be personally liable or the Secured Debt. If this Secm'ity Instrument secures a guaranty between Beneficiary and Trustor Trustor agrees io wake any rights that may prevent Beneficooj, loon bringing any action or claim against Trustor m any party in debted under the obhganon. These rights may me ude. but are not limited [o, any anti - deficiency or one - action laws. Trustor 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 lrustor's consent Such a change will net release Trustor from [lie terms of this Secunty Instrument. The duties and benefits of this Security Instrument sbiall bind and benefit the successors and assigns of Trustor and Beneficial. 23. APPLICABLE LAW; SEVERABILITY' INTERPRETATION. This Security hi tannent is govea'ned by the laws co-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 Socially Instrument Is complete and fully integrated. Ihis Security Instrument may not be amended or modified by oral agreement Any section in this Security Instrument, sllaehinenl6, or any agreement related to the Scoured Debt that conflicts with applicable law will not be effective, unless that law expressly or implicitly permits the 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 Invtruir a it. Whenever used, the .singular shall include the plural and the plural the singular. The captions mid headings of the sections of this Security Instrument arc for comenie ce only aid are not to he used to interpret or define the terns of this Security Instrument time is of the essence in this Security Instrument. 23. SUCCESSOR 'PRUS'1'EE. Beneficiary. at Benelieimy's option, may from time to time remove Trustee mid 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 Tmatcc by this Security Instrument and applicable law. 25. NOTICE. Unless otherwise required by law. any notice shall be given by delivering it ce by mailing it by first class mail to the appropriate parry' S address on page 1 of this Security Instrument or to any other address designated in writing. Notice In one trustor will be deemed to be notice to all truaori. 26. WAIVERS. Except to the extent prohibited by law. Trustor waives all app rosement and homestead exemption rights relating lo the property. 27. OTHER 'I ERMS. If checked, the following are applicable to this Security Instrument 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 Secrrity Instrument will remain in effect until released - Constrnctinn Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. Fixture Filing. Trustor grants to Beneficiary a seemly interest in all goods that Grantor owns now or in the future and that are or will become fixtures related to the Property- This Sccurity Instrument 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 Ccmmerdal Code. Riders. The covcuaius mid agreements of each of the riders checked below are incorporated into and supplement aid amend the terms of this Sccurity Irish unreal. [Check all applicable boxes] Condominium Rider 1 Planned Unit Development Rider I Other I Additional Terms. SIGNATURES: By signing below, Truslor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Truslor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. JANET ET A D BBINS 7 3D-nz l51g1 F 8Y L DOBHINH tnslcl I�guvuu vl JANET A DOHHINB toed ACKNOWLEDGMENT: SIAILOF Nebraska .0OUNIY OF Hall 1itloitlu "' This instrument wisactnowledged before me this 30th day of July 2002 by Jeffrey L Dobbins and Janet A Dobbins, Husband and Wife My commission expires. PHiAALANNE -9 DAVO m.,1� „rkss,l ANNEEV My2%6 MyConln.fip.lhyL9, lO01 0199Y kdskers systems trc. si cim.n IAN 0 .11Dr] -2]911 roan sEeT -N1 19279] (page 4 of 4) C165(NE) nensi nl m