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200210676 Application 4 0121326264 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, at Beneficiary's option. Any application of proceeds to principal shall not extend or postpone the due date of the scheduled payment nor change the amount of any payment Any excess will be paid m the Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and pproceeds resulting from damage m the Property before the acquisition shall pass to Beneficiary to the extent of the Secured 1>ebt immediately before the acquisition. 20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Tmstor will not he required to pay to Beneficiary funds for Lees and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Truster will provide to Beneficiary upon request, any financial statement or information Beneficiary tray deem reasonably necessary. Truster 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 stains on the Property. 22. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Truster signs this Security Instrument but does not sign an evidence of debt, Tmstor does an only to mortgage Tmstor's interest in the Property in secure payment of the Secured Debt and Truster does not agree to he personally liable on the Secured Debt. If this Security Instrument Secures a guaranty between Beneficiary and motor, Truster agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Truster or any party indebted under the obligation. These rights may include, but are not limited to, any anti- defimency or one - action laws. Tmstor agrees that Beneficiary and any party it) this Security Instrument may extend, modify or make any change in the terms of this Security instrument or any evidence of debt without Tmstor's consent. Such a change will not release Truster from the terns of this Security Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Truster and Beneficial. 23. APPLICABLE LAW; SEVERABILITY; 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 coin lete and fully integrated This Security Instrument may not be amended or modified by oral agreement Any section in this Security hetrunent, atiaclunents, or any agreement related to the Secured Debt that conflicts with applicable law will not he effective, unless that law expressly or impliedly 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 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 arc for convenience only and are not to be used to interpret or define the terms of Nis Security Inslmment. 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 any other formality than the designation in writing. The successor trustee, without conveyance of the Property, shall succeed to all die tide, power and duties conferred upon Trustee by this Security Instrument and applicable law. 25. NOTICE. Unless otherwise required by law, any notice shall he given by delivering it or by mailing it by fast 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 nonce to all trusters. 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 any be reduced to a zero balance, this Security Instrument will remain in effect until released. O Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Grantor owns now or in die 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 terms of this Security Instrument. [Check all applicable boxes] = Condominium Rider = Planned Unit Development Rider 0 Other F-1 Additional Teens. SIGNATURES: By signing below, Truster agrees to the terns and covenants contained in this Security Instrument and in any altaq meets. Truster also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. �B _. (Signeturc) RICHARD S ERVEN (Date) (CiF enure) LYN HEAVEN (pone) ACKNOWLEDGMENT; ,./�j_�I STATE OF IP�'1a�u G- COUNTY OF UP }ss. This instrument was acknowledged before me this 10 day of Pkl�iy[atp, by RICHARD S BERVEN and MARILYN BERVEN My commission ex aer N GENERAL NOiARV-State at Nebraska � � � T rig CATRINA M. SHUDA trv, r weal Mr Comm. Exp. Au . 10, ©rsw oa�x.rs $,a., mc.. si. ou . (page 4 0l 4) - C165(NE) (9909)