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2002114,0$ UNess otherwise agreed in writing, all insurance pproceeds 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 paym mt nor change the amount of any payment. Any excess will be aid to the Grantor. if the Pro er% is acquired b Deneficiary, Trainr''s right to any insurance glide and proceed. resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent o1 the Secured llebt 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 to Boreficiary upon request, any financial statement or information Beneficiary may deem reasonably necessary. Tprustor agrees to sign, deliver, and file any additional documents or certifications that Beneficiary may consider necessary perfect, essary to per continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary s line status 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, Trustor does so only to mortgage Trustee's interest in the Property to secure payment of the Secured Debt and Truster does not agree to be personally liable on the Seewed Debt. If this Security Instrument secures a guaranty between Beneficiary and Truster, Truster agrees to waive any n is [hat may prevent Beneficiary from bringing any action or claim against Trus[or or an y party indebted under the ob rssation. These rights may include, but are not hmrted tq an anti- deficiency or one -¢coon laws. Truster agrees that fieneficiary and any party [o this Security lnstrumen[ may attend, modify or make any change in the teens of this Securit Instrument or any evidence of deb[ without Trustee's consent. Such . c will not release Truster from the toms ofythis Security Instmment. The duties and bneefits of this Security Instnuncot shall bind and benefit [he successors and assigns of Truster and Beneficial. 23. APPLICABLE LAW; SEVERABD,ITY; INTERPRETATION. This Security Instrument is governed by the laws of the luisdiction 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. 'Phis 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 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 "a Security Instrument. Time is of the essence in this Security Instrument. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiar y s option, may from time to time remove Trustee and appoint a successor trustee without any other formality than the delignahon in writing. 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 I of this Security Instrument, or to any other address designated in writing. Notice to one traitor will be deemed to be notice 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: E--1 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 hnstrument will remain in effect until released. Q Construction Loan. This Security instrument secures an obligation incurred for the construction of an improvement on the Property. E--1 Fixture Filing. Truster 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] = Condominium Rider L-1 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. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. - -- - - - - -- JG K,C'1r7 - Y- - - - - - -- io —i1 =oz (s— ieoamre) LOYDE R LOY (oar) (sipamre) BARBARA A LOY Nall ACKNOWLEDGMENI STATE OF Nebraska ,COUNTY OF Hall This instrument was acknowledged before me thisl5th _ - - day of Oetober,2�02 by FLOYDE R LOY, BARBARA A LOY My commission expires: II fiENERAL NOTARY -Stale of Nebraska [xOmry ubliq 4 MyCOmm. Exp. Sept 3,O004Y © 1994 Smka„ Systom., In , si aoua us (1-600-397 2341) form RE DI NE r oeryr (pee 4 of 4) ®- CISS(NE) (980¢).02