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200209888 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, al Beneficiary's option. Any application of proceeds [o principal shall not extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be d to the Grantor. If the Property is acquired by Beneficiary, Truster s ri I to an insurance licies and orac:cuds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent ofpthe Secured Debt immediately before the acquisition. 20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Truster will not be required to pay to 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 status on the Property. 22. JOINT AND INDIVIDUAL LL&BILITYi COSIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Sa:urity Instrument we' on" and individual. If Trustor signs [his Security Instrument but does not silt an evidence of debt, Trustor does so only to mortgage Trustor'" interest in the Property to secure payment of [he Secured Debt and Trustor doer nut agree to be personally linbte on the Secured Debt. if this Security Instrument secures a guaran ty between Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent B ®eficia from bringing any action or clmm against Trustor or any Party indebted under the ob n hen. These rights may me udq but arc not bmrted to, an y anti- defiaency or one -ecuon laws. Trustor agrees that Beneficiary and any party [o [his Security Ins[rumno[ may extend, modify or make any change in the terms of this Security hvstrumcut in any evidence of debt without Trtisior's consent. Such a chmn¢e will not release Trustor from the terms of this Security Instrument. The duties and bme£its of this See;uriTy Instrument s7rall bind and benefit the successors and assigns of Trustor and Beneficial. 23. APPLICABLE LAW SEVERABII ITY; 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 written agreement. If an YY 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 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 we 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 Trustee and appoint a successor trustee without an other formality than the desigianon in writing. The successor trustee without conveyance of the Property, shall succe2to all the title, power and duties conforred upon Trustee by this Siecurity 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 deemed to be notice to all trustors. 26. WAIVERS. Except to the extent prohibited by law, Truster waives all appraisement and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument: O 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 will released. Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. E=1 Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Grantor owns now or in the future and that are or will become fixtures related to the Property. This Security 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 Commercial Code. Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the tams of this Security Instrument. [Check all applicable boxes] = Condominium Rider 0 Planned Unit Development Rider = Other ___________________ � Additional Terms. SIGNATURES: By signing below, Truster agrees to the terms and covenants contained in this Security Instrument and in any attachments. Truster also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. 6' .r �) Islanaww) Sandra K Noecker float.) (slsrwwrel (m.t.) ______________________________ sinift20a2.----- _____ ____________ APPMr,29D2---- (3pn.wrvil lon.1 (s�enslure) (Date) ACKNOWLEDGEMENT: ,, ,, Cp' (Individual) STATE OF di-S (OUNTYOF )SS. This ired u wan cot" ed be nla ihi day of O L by M /fioo3 GENERAL NOIANY -6Dte of Nebrazka I LIN DA K xE[ZER MY Comm. Exp. 0¢0.79.2007 (Notary Public © )994 amk.i Sglems, Inc. St. CII AN 0400497 23A1) Fam PE -DT -NE IO W OXU.4 of 4) d n-CI66(NE) (9eoa)m