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�oa Application g 012140502009-13r3"13 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 net 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 policies and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debi immediately before the acquisition. 20. ESCROW FOR 'FAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not he 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 deem 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 stams on the Property. 22. JOINT AND INDIVIDUAL LIABILITY; COSIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are jour and individual. If Truster signs dus Security Instrument but does not sign an evidence of debt, Truster does so only to mortgage Tmulor's interest in the Property to secure payment of the Secured Debt and Trustor does not agree m be personally liable on the Secured Debt. If this Security Instrument 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 party indebted under the obligation. These tights may include, but are not limited to, any and -deficiency or one - action laws. Truster agrees flea Beneficiary and any party to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any evidence of debt without Truster'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 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 requved by the laws of t jurisdiction where the Property is located. This Security hnswment is complete and fully unegran d. This Security hnswment may not he amended or modrded by oral agreement. Any section to this Security Instrument, attachments, or any agreement related to the Secured Deb[ ttnnt conflicts w.N applicable law will not be effective, tmless that law expressly or nnpliedly permits the variations by written agreement If any aechon of this Security Instnment cannot be enforced accordin [n ile terms, that section will b severed and will not affect the enforceability of the remainder of Nis Security Instrument.henever used, s in tar shall include the plural and the plural the singular. The captions and hcadinge of Nc sections of this Security Instrument are for convereence only and are not to be used to interpret or define the terms of this Security Instrument Time is of the essence in his 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 suemssor truster, 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 die extent prohibited by law, Trustor waives all appraisernent and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument 0 Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced in a zero balance, this Security Instrument will remain in effect until released. Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. 0 Fixture Filing. Truster grants to Beneficiary a security interest in all goods that Grantor owns now or in due 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 tiled of record for purposes of Article 9 of the Uniform Commercial Code. Q 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 E= Planned Unit Development Rider = Other .......... ............................... 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. AreK /I�Cy�/q,/ I / /, (,l l �n Ssn /azu /'/ /M //�(.V.Z _.....:Jr''l,Q%+��C I E E HOMAN vY - ) (Date) (S,gnawre) SHERYL M HOMAN (Dam) ACKNOWLEDGMENT: ^� �jrye�1 This STATE [rumens was ackno fI Q �� . COUNTY OF f i ul Iss. Qntl ntlu°�1 ac w dged before me this !1-7„ day of by MIKE E HOMAN and SHERYL M HOMAN My commission /I GENERAL NOTARY State of Nebraska I d Jo 4, MI fd; CATRINA M. SHUDA bb(- 6* My Comm. &p. Aug. 10,21103 tNaO "y s °a� ") Q 199d BankB9 Syuema, Ire. S. Cloud, MN (l AW3972341) Form FF -0RNF 1v?7u ] (page 4 of 4) ®C165(NE) )shun)