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200210663 it "!' f� Unless otherwise agreed in writing, all insurance pproceeds shall be applied m the restoration or repair of the Property or to the Secured Debt, whether or not their due. at Beneficiary's option. Any application of proceeds to principal shall not extend or postpone tine due date of the scheduled payment nor change the nine oil( of any payment. Any excess will be paid so the GrwLLOr. If the Property is acquired by Beneficiary, Tmstor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Benehc tar y to the extent of the Secured Debt immediately before tine acquisition. 20. ESCROW FOR TAXES AND INSURANCE. I'nlcss otherwise prodded in a separate agreement. Tmstor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. CINANCLAI. REPORTS AND ADDITIONAL DOCUMENTS. "Cluster will provide to Beneficiary upon request, any financial statement or information Beneficiary may deem seasonally necessary. Trmhlr` agrees io-sign. deliver. and tile mhy additional documents or certifications that Beneficiary may consider necessary to perfect. continue, and preserce Grantor's obfigau m n ovs under this Security Instrument and BecficiarY s lien status on the roperty. 22. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Tmstor signs this Security Instrument but does not sign mfr cvrdnme of debt. does sir only to nnorigage Tiu.stor's interest in the Property to secure payment of the Secured Debt and Truster does not agree to be personally liable on the Secured Debt. It this Security Instrument secures a guaranty between Beneficiary and Trustor. Trustor aggrees to waive any a hts that may prevent Beneficial)' hours hringing any action or claim against Trustor nr any party its cb[cd under the obligation. These rights may include, but are not limited In_ 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 Trustor's consent. Such a chars (,e will not release Ttvstor It the henna a thhis Security Insh'unient. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Trustor and Reneficral. 23. APPLICABLE LAW' SEVERABILI'1'Y' IN I'ERPREI'AIION. This Security Instrument is governed by the laws of the Jurisdiction in which Renefieiery is localet� except to the extent otherwise required by the laws of the in"S tenon where the Property is located- this Security Instrument is complete and fully integrated. This Security Insh'unnent may not be amended or modified by oral agreement Any section in thus Security Instrument, attachments, or any agreement related to the Secured Debt that conFlhcu with applicable law will not he cffenirvu, unless that law expressly or impliedly permits the variations by written agreement If any section of this Security Instrument cannot he enforced according to its Terms, that section will he severed and will not zffact 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 see Iunis of this Security fit su'ument at for convenience only mud are not to be used to interpret m define the terms of this Security Instrument Time is of the essence in this Security Instrument 24. SUCCESSOR 'IRUS'IEE. Beneficiary. At Reneficiare's option, may from lime to lime remove Trustee and appoint e successor trustee without any other formality than the desi,y'nafion in writing. The successor h'udee_ without conveyance (if the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instillment and applicable law. 25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by firs( class trial] to the appropriate party's address on page I of this Security Instrument, or to any other address designated in writing. Notice to one trustor wd] he deemed to he notice to all trustors. 26. WAIVERS. Except to the extent prohibited by law, Tmstor waives all appraiscmcnl and homestead exemption rights relating to the Properly. 27. O6f11ER TERMS. If checked, the fdlowing are applicable to this Security Instrunnent 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 Secuuty Instrument writ remain in effect until released. Construction Loan. This Secruity Instrument secures an obligation incurred for the construction of an improvement on the Property. Fixture Filing. I justor grants to Beneficiary a securiry interest in all goods []lot Grantor owns now or in the flume and that are or will become fixtures related to file Property phis Security Instrument Sutt ce, As A financing statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the Unifomt Coahmerdal Code_ Riders. Tine covenants and agreements of each of the riders checked below are mcorpotated into and supplement and amend the terms of this Security Instrument. [Check all applicable boxes) I Coudominuah Rider Planned Unit Development Rider Olhcr Additional Terms. SIGNATURES: By signing below, Trusmr agrees to the terns and covenants contained in this Security Inshrument and in any attachments. Trustor also Acknowledges receipt of a copy of this Security Instrument on the date stated on page I. � l.Z( 02 ISipnature) RAND L EVAN9 Nate) tsipne ICYNTAIA S EV Uhnd AC ICNOWLF.DGMENT: STATE OF Nebraska . COUNTY OF Hall iss. Th,s instrument was Ackn..wledged before me this26th day of September 2002 by RANDY L EVANS, CYNTHIA S EVANS My annul Ten cxpur:s: C ru "°rnm-s,a rura RYCAwNrxn EW DAV1g . kal,2120 Q 1111 9anknm 9ySeuu. Inc. a -. c", MN i all o'7 "O ' limn 11 roo, 112!:1/ (page 4 of 4) - C165(NE) i11u1' z r