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<br />Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to
<br />the Secured Debt, whether or not then due, at. i3eneficiary's option. Any application of proceeds to principal shall not
<br />extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid
<br />to the Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance and proceeds resulting
<br />from damage to the Property before the acquisition shall pass to Beneficiary to the extent opthe Secured Debt immediately
<br />before the acquisition.
<br />20. ESCROW FOR 'FAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be
<br />required to pay to Beneficiary funds for taxes and insurance in escrow.
<br />21. FINANCIAL REPOR'T'S AND ADDI'T'IONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any
<br />financial statement or information Beneficiary may deem reasonably necessary. I rustor agrees to sign, deliver, and file any
<br />additional documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Grantor's
<br />obligations under this Security Instrument and Beneficiary's lien status on the Property.
<br />22. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under
<br />this Security Instrument arc joint and individual. If Trustor signs this Security Instrument but does not sign an evidence of
<br />debt, Trustor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Trustor
<br />does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between
<br />Beneficiary and 'Trustor, Trustor agrees to waive any rililts that may prevent Beneficiary from bringing any action or claim
<br />against 'Trustor or any party indebted under the obligation. 'These rights may include, but are not limited to, any
<br />anti - deficiency or one - action laws. Trustor agrees that Beneficiary and any party to this Security Instrument may extend,
<br />modify or make any change in the terms of this Security Instrument or any evidence of debt without Trustor's consent.
<br />Such a change will not release Trustor from the terms of this Security Instrument, The duties and benefits of this Security
<br />Instrument shall bind and benefit the successors and assigns of Trustor and Beneficial,
<br />23. APPLICABLE LAW; SEVERABILITV; INTERPRETATION. This Security Instrument is governed by the laws of the
<br />Purisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where the
<br />roperty is located. This Security Instrument is complete and fully integrated. This Security Instrument may not be
<br />amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to
<br />the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the
<br />variations by written agreement, If an section of this Security Instrument cannot be enforced according to its terms, that
<br />section will be severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used,
<br />the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Security
<br />Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Instrument. Time
<br />is of the essence in this Security Instrument.
<br />24. STi( "( 'FSSOR '1'RIIS'1'EF,. 13enelI"try, at Beneficiary's option, may born time to time remove 'Trustee and appoint. a
<br />successor trustee without any other formality than the deli ynation in writing. The successor trustee, without conveyance of'
<br />tile Property, shall succeed to all the title, power and duties conferred upon 'Trustee by this Security Instrument and
<br />applicable law.
<br />25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail to
<br />the appropriate party's address on page I of this Security Instrument, or to any other address designated in writing. Notice
<br />to one trustor will be deemed to be notice to all trustors.
<br />26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights
<br />relating to the Property.
<br />27. OTHER TERMS. If checked, the following are applicable to this Security instrument:
<br />[D Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be
<br />reduced to a zero balance, this Security instrument will remain in effect until released,
<br />EJ Construction Loan. This Security Instrument secures an obligation incurred for the construction of an
<br />improvement on the Property.
<br />El Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Grantor owns now or in the future
<br />and that are or will become fixtures related to the Property. This Security Instrument suffices as a financing
<br />statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of
<br />the Uniform Commercial Code.
<br />E:1 Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement
<br />and amend the terms of this Security instrument. [Check all applicable boxes]
<br />Condominium Rider I--] Planned Unit Development Rider = Other
<br />-------- - -----
<br />Additional 'Perms.
<br />SIGNATURES: fly signing below, Trustor agrees to the terms and covenants contained in this Security instrument and in any
<br />attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1.
<br />�-�: Aug 31, 2005 Aug 31, 2005.
<br />(Signature) Ruth M Stelnk
<br />ger Trustee of (Hate) (Signature) (Date)
<br />the Ruth M Steinkruger Revocable Trust
<br />... . . .... .... Aug 31...20Q5. _ -
<br />(Signature) (Date) (Signature)
<br />ACKNOWLEDGEMENT: r r
<br />(Individual) STATE OF __i�Q f( -./ , COUNTY_/ 1..
<br />This instrument was acknowledged before me this _.- ,.,�..•. day of
<br />by Ruth M Steinkruger Trustee of, the Ruth M Steinkruger Revocable Trust
<br />My commission expires'
<br />GENERAL NOTARY - State of Nebraska
<br />LARRY WILHELMI - - - - --
<br />My Comm. Ev, Feb. 6, 2006 (NS
<br />------- - - - - -- Aug 31,2Q05...
<br />(Date)
<br />c
<br />- -------------- ---------
<br />y Public)
<br />Ej( 7E- � Q 1994 Bankers Systems, Inc., St, Cloud. MN Form RE -DT -NE 1/30/2002 (page 4 of 4)
<br />(M C165(NE) (0301)
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