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200209357 Unless otherwise agreed in writing, all insurencc 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 not extend or postpone the due date of the scheduled payment not change the amount of any payment. Any excess will be paid tr1 the Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance olicies and procceds resulting bear damage to the Property before the acquisition shall pass to Beneficiary to the extent a [the Secured Debt immediately before the acquisition. 20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Truxlor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any financial statement or information Beneficiary may deem reasonably necessary. Trustnr agrees to sign, deliver, and file any additional documents or certifications that Beneficiary may consider necesaary to perfect, continue, and preserve Crania's obligations under this Security Instrument 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 arc joint and individual. if Trustor signs this Security Instrument but does not sign an evidence of debt, Truster does so only to mortgage'fnrstor's interest ill the Property to secure payment of the Secured Debt and Trustnr does not agree to be personally liable on the Secured Dcbl. If this Security Instrument secures a guaranty between Beneficiary and Trustor. Truster a reel to waive any rights that may prevent Beneficiary from bringing airy action or claim against Trustor or airy party indebted under the obligation. These rights may include, but are not limited to, any anti - deficiency or onc-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 Tiustor's consent. Such a charxa will act release Trustor form the terms o this Security Instrument. The duties and henefits of this Security Instrument ahall hind and benefit the successors and assigns ofTrustor and Beneficial_ 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. 'this Security Instrument is governed by the laws of the grisdichon in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where file ,Perry is located. This Security instrument is complete mud 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 will, applicable law will not be effective, unless that law expressly or implu dly permits the variations by written agreement. If any, section of this Securhyy Instrument Carrier be enforced according to its terns, that section will be severed and will not afect the enforceability oY the remainder of this Security Instrument. Whenever used, the singular shall include the plural and the plural the 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 this Security Instrument. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Iruatee and 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 mid 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 1 of this Security Instrument, or to any other address designated in writing. Notice to one truster, will be dee,ned to be notice to all trustors. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead ekemption rights relating to the Property_ 27. OTHER TERMS. If checked, the following me applicable to this Security instrument I 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 Security Instrument will remain in effect until released. I Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. L Fixture Filing. Truster grants to Beneficiary a security interest in all goods that Greater owns now or in the furore and that are or will become fixtures related to the Property. This Security Instrument suffices as a financing statement mid any edition, photographic or other reproduction may be filed of record for purposes of Article 9 of the Uniform Commercial Code. Riders. the covemarhts and agreements of each of the riders checked below are incorporated into and supplement and amend the terms of this Security Instrument. [Check all applicable hexes] Condominium Rider . I Planned I Init Development Rider L— Other —1 Additional 'Perms. SIGNATURES: By signing below, "Gusto, agrees to the terms mid covenants contained in this Security Instrument acid in any attachments_ Truster also acknowledges receipt ofs copy ofthis Security Instrument on the date stated on page I. Slgnmum) JAPfES F (SAla) BLATH (Date) (SigueiumlRAH�� IDeie) ACKNOWLEDGMENT: STATEOF Nebraska ,COIINTYOF Hall ]ss. an ° "i °uo0 This instrument was acknowledged before me this 27 _ da of August 2002 by-James F_ (Sam) Blath and Deb orah -1 Bath, Husband and Wife My conunissiort expires. /Z /moo-µ`, NpTN SClil yy5b - L/' CkJ/ ANNE17EpAh3 m(INn ll Ib Cann. Em. May 43, 200 p 1994 lookers 9ytlMZ 1,o St Cloud- MN 11 8,U 39729,1 1 � Forte sd CTNE 19127197 (page 4 of Q) - C165fNE) [9a99y92 T