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200210406 Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Propary 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 pa cut nor change the amount of any payment. Any excess will be ppmaid to the Grantor. If the Property is acquired by Ben nciary, Truster s ri t to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Ben rotary to t c extent o 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 to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Truster will provide w Beneficiary upon request, any financial statement or information Beneficiary may deem reasonably necessary. I rustor agrees to sign, deliver, and file any additional documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Grantor a obligations under this Security Instrument and Fsencficiary s lien status on the Property. 22. JOINT AND INDTVEDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Trustur signs this Security Instrument but does not sign an evidence of debt, Truster does so only to mortgage Trustor's inter est in the Property to secure payment of the Secured Debt and Trustor does not agree to be pesonably liable on the Seemed Debt. If this Security Instrument scx:ures a guaranty between Ben ciary and Tn"dor, Trustur agrees to waive any rig¢hhts that may prevent Beneficiary from bringing any acfion or claim against Truster or any party indebted under the obii non. These rights may include, but are not limned to, anyy anndeficiency or one -'ti n laws. Trrstor agrees [hat Beneficiary and any party to this Security Instrument may ext ®4 modify or make any change do the terms of this Security lnstrumen[ or any cvideuce of debt without Trnstor's rxms ®t. Such a change will not release Truster from the terms of this Security Lns[rument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of'ITUator and Beneficial. 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security hnstrument is governed by the laws of the jurisdiction in which Beneficiary is Located, except. to the extent otherwise required by the laws of the)uri ction where the Property is located. This Security Instrument is complete and fully integrated. This Security instrument may not be amended in modified by oral agreement. An 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 implicitly permits the variations by written agreement. If an 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 are not to be usetl tc interpret or define the terms of this Security Instrument. Time is of the essence in this Security Instrument. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiaryy's option, may from time to time remove Trustee and appoint a successor trustee without any other formality than the desigianun in writing. The successor trustee without conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Stecurity instrument and applicable law. 25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it b first class mail to the appropriate party's address on page I of this Security Instrument, or to any other address des ignatedyin writing. Notice to one Inviter 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: 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. 0 Construction Loan. This Security Instrument scoures an obligation incurred for the consirw;tion 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 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 proposes of Article 9 of the Uniform Commercial Code. 0 Riders. The covenants 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 boxes] D Condominium Rider [=1 Planned Unit Development Rider = Other ------ -- 0 Additional Terms. SIGN URES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any att Is. t r al ac wledges receipt of a copy of this Security Instrument em the date stated on page 1. - - °- (9gnMre ockfcrd M. Holmes (DAe) (signature) (Dtla) -------------------------------------------- --- (is,F.EW) (DM) (519reture) (nree) ACKNOWLEDGEMENT: ),' (individual) STATE OF __ ux AC� E� COUNTYOF � I I SS. This l iru cos acknowledged reirethis der t n by c My commission expires: WGINERAL NDT"Y-State MNebraske -- -- -- - -- -- ) - - OARREN SAa of (Nolery PuNic) Y Comm. EV April 29, 2009 mmici (ptiTeE W d) IM- CI66(NE) (9808)02