200213466 - Laserfiche WebLink

Browse

200213466 [Liles, 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 tIle due daze of the scheduled payment nor change the amount of any payment. Any excess will be paid in the Grantor. If the Property is acquired by Beneficiary, Tmsior's right to any insurance policies and proccals 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 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 statement or information Beneficiary may loan reasonably necessary. Trustor 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 status on the Propeny. 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 Tmstor's interest in the Property to secure payment of the Secured Debt and 'Trustor does not agree to be personally liable on the Secured Debi_ If this Security Imstrmncnt secures a guaranty between Beneficiary and Trustor, 'Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or any patty indebted under the obligation. These rights may include, but are not limited to, any anti- deficiency or one action laws. Trustor 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 Trustor's consent. Such a change will not release Trustor from the terms of this Security Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Trustor and Beneficiary. 23. APPLICABLE LAW; SEVERABD,ITY; 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 Properly 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 thin 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 InstrurncnL are for convenience only and are net to be used to interpret or define the terns of this Security Instrument. '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 no all the title, power and duties conferred upon Trustee by this Security Instrument and applicable law. 25. NOTICE. Unless otherwise required by law, any nolice shall be given by delivering it or by mailing it by first class mail to the appropriate party's address an page l of this Security Instrument, or to any other address designated in writing. Notice to ono truster will be deemed to be notice to all Irustors. 26. WAIVERS. Except to the extent prohibited by law, Tmstor waives all appraisement and homestead exemption rights relining to the Property. 27. OTHER TERMS. If checked, the following are applicable to this Security InetmnenC LX Line of Credit. The Secured Debt includes a revolving line of credit provision Although the Secured Deb( may be reduced to a zero balance, this Security Instruem will remain in effect until released. ❑ 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 the future and than 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 supPlenenl and intend the terms of this Security Instrument. [Check all applicable boxes] ❑ Condmninium Rider ❑ Planned Unit Development Rider fl Other .............................. ................ fl Additional Teems. SIGNATURES: By signing below, Trustor agrees to the terns and covenants contained in this Security Instrument and in any attachments. Trustor also acknowledges receipt of a copy of this Security lastrmnew on the date stated on page 1. (sip r > Marvin R. Wiese (onto) (Sltyamre) panne J. Will � (one) ACKNOWLEDGMENT STATE OF Nebraska .......... ................. COUNTY OF . ...._J?(jP, This instrument was acknowledged before me this ........27th.... day of ... ..... NNVembef 2002 �....... by Marvin N,.Wiese ;.UPON, J, Wiasa..Nluhand and Wife.... //�J ,,,. My cmm ntssion expires: 10- $3-0(e GENERAL NOfAN1' -SbteM Nebo &a P ANG(lA SUE PINNEFMAN t: ft . <Na.�r tia,q vyc ° uric P.�} 5 s MN 1 nccT E 1/30/2003 - � rM �Ptlilll.�fYV. � (P�Af 4 ul 41