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200213440 Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Properly 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 duo 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 policies and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition. 20. ESCROW FOR TARES AND INSURANCE. Unless otherwise provided in a separate agreement, Truster 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 Henefciary upon request, any financial statement or information Beneficiary may deem reasonably necessary. Truster agrees to sign, deliver, and Glc any additional documents or certifications drat Beneficiary may consider necessary to perfect, continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary's lien status on the Property. 22. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are form and individual. If Tmstur signs this Security Instrument but does not sign an evidence of debt, Tmstor does so only to mortgage Irustor's interest in the Property to secure payment of the Secured Debt and Tmstor does not agree to he personally liable on the Secured Licht, If this Security Instrument secures a guaranty between Beneficiary and 'I onater, Trismr ,goes to waive any rights that may prevent Beneficiary front bringing any action ar claim against Truster or any patty indel ted under the obligation. These rights may include, but are not limited to, any anti - deficiency or one - action laws. Tractor agrees that Beneficiary and any patty to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any evidence of debt without Ttuslor's consent. Such a change will not release Tmstor from the terms of this Security Instrument. The duties and henetits of this Security Instrument shall bind and benefit the successors and assigns of'1'rustor and Beneficiary. 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 Instmentnt is complete and fully integrated. This Security Instrument may not be amended or modified by oral agreement Any section in this Security lustrumem, attachutems, or any agreement related to the Secured Debt that conflicts with applicable taw will not be effective, unless that law expressly or impliedly permits the variations by written agreement If any section of this Security Instrument cannot he infected according to Its terms, that section wilt 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 n:ns of this Security instrument . Time is of the essence in this Security Instrument. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from lime 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 ,..it to all the lisle, 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 te the appropriate party's address on page I of this Security Instrument, or to any other address designated in writing. Notice to one truster will be deemed to be notice to all trustors. 26. WAIVERS. Except to the extent prohibited by law, Trusuu 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. ❑ Construction Loan. 'Phis Security treatment secures an obligation incurred for the construetiuu of air intprovumcm on the Property . ❑ 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 In 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 .trend the terms of this Security Instrument. [Check all applicable boxes] ❑ Condontimunt Rider ❑ Planned Unit Development Rider ❑ Other ................ ...... ❑ Additional Terms. SIGNATURES: By siguing below, Trustor agrees to the tens and covenants contained in this Security instrument and in any attachments. 'Tmstor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. t www)James Riley (D^rr) (sign" .)Sharon Riley (Dart) f ACKNOWLEDGMENT: STATE. OF Nehraska ........... COUNTY OF Hall....... ... ....... .... ss. This instrument was acknowledged before me this 20th....... day of ..... NOYRmber,2002... ........... by ,lames AilRy[SbazonRileY. NRSbaadand.Wite ................ ......_..... .,................ ............................... My commission expires: .. .... _............3..... _. _.......... _..... Fx�rT3: to teen sr a " "d, run a "gym ar -oT -Ne vaoncax Lpage 4 of 4) GENERAL NOTARY-State of NebrasXa ROONEV M PETERS t - �, My Comm. rV Jas 2s, 2005