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200211251 Unless otherwise agreed in writing, all insurance s 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 to the Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance pohoes and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Will 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. Trustor will provide to Beneficiary upon request, any financial cial statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver, and file any additional documents or certifications that Beneficiary ma consider necessary [o perfect, continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary s lien status on the Property. 22. JOINT AND INDIVIDUAL LIABIIdTYi CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Trustor signs [his Security Instrument but does not sign an evidence of debt, Trustor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured llebt and Trustor does not agree to be personally liable on the Seewed Debt If this Security ns[nunon secures a guaranty between Beneficiary and Trustor, Trustor agees [o waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or an y party indebted under the oblrgga�ort. These rights may include, but are not limited to, any anh- deficiency or one - action laws. Trustor agrees that Benefoiary and any party to this Security Instrument may ext ®d, modify or make any change m the terms of this Security Instrument or any evidence of debt without Trustor's consent. Such a change will not release Trustor from the [emir of [his Security Instrument The duties and benefits of this Security Instrumeut shall bind and benefit the successors and assigns of Trustor and Beneficial. 23. APPLICABLE LAW; SEVERABILITY7- INTERPRETATION. This Security Instrument is governed by the laws of the Jurisdiction in which Beneficiary is located, except to the extent otherwise required byy th�e laws of the jurisdiction where the Property is located. This Security Instrument is complete and fully integrated. Tlus 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 are not to be used to interpret or define the terms of this Security Instrum m. 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 with out any other formality than the designatmn in venting. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and 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 trustor will be deemed to be notice to all tmstors. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Property. 27. OTRER 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 secures an obligation incurred for the construction of an improvement on the Property. 0 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 terms of this Security Instrument. (Check all applicable boxes] 0 Condominium Rider 0 Planned Unit Development Rider = Other Q Additional Terms. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. LJ(! �(Dda/) a GLC jt©�calccnztmu� IC/I�.dd) Sign. GUEL CABRALES-WI LLIAMS SR (�aa) (siypemro) DA J CABRALES-WI LLIAMS (uam> 6141l(QLIYd 0 a lit] 0111 V11 STATE OF Nebraska , COUNTY OF Hall }ss. This instrument was acknowledged before me this _ _/ �j� _ _ -day of by MIGUEL CABRALES- WILLIAMS SR, WANDA J CABRALES - WILLIAMS My commission expires: GENERAL NOTARY - State of NehrasAa MARK E. KER9TEN n+ Pie11c) LOl My Conan. Ert Au0.17, 2008 Q 1994 Raukm Syoi s, Inc., St. Claud MN (1800397 -2341) Form RE DTNE 1027N7 (g04 of 4) ®CiN51NE) (9S08).02