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200310483 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 due date of the scheduled paymrn t nor change the amount of any payment. Any ==a will be ppamid to the Grantor. If the Property is ac aired by Bene tfchuy, Trustor's right tomy insurance olrciea and proceeds reaultlng from damage to the Properly before the acquisition shall pass to Beneficiary to du extent o?9 Secured Debt immediately before the acquisition. 20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Traitor will not be required to pay to Beneficiary foods for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Truster will provide to Beneficiary upon request, any financial statement or information Beneficiary may deem reasonably necessary. Truster agrees to sign, deliver, and file any additional documents or certifications that Beneficiary may consider necessary m perfect, continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary a lim status on the Property. 22. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security brstrummt are joint and individual. If Truster signs this Security InstrumuiI but does not sig❑ an evidence of In Truster does so only to mortgage Traitor's interest iv the Property m secure payment oC [be Secured Debt and Truster does not agree to be personally liable on the Secured Debt. If flue SmuriTy Instrument secures a guaranty between Beneficiary and Tmator, Truster aggrrees to waive any righis that may prevent Beneficiary from bringing any action or claim against T_for or any party indebted under the obligation. These rights may include, but are not (muted to, any mb- defimmcy 'a one -action laws. Truster agrees that Beneficiary and any party [o this Security Instrument may extra modify or make any change ta the terms of this Security bisWmmt tar my evidence of debt without Truamr's consent. Such a change will not release Truster from the terms of this Security Instrument. The duties end benefits of this Security Instrument shall bind and benefit the sacceasors and assigns of Truster aM Benefiatal. 23. APPLICABLE LAW; SEVERABILITY)- INTERPRETATION. This Security Instrument is governed by the laws of the Jurisdiction in which Beneficiary is loCamn, except to the content otherwise required by the laws of the jurisdiction where the Property is located. This Security Instrument is complete and fullyy mtegrafed. This Security Instrument may not be amended or modified by oral agreement. An 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 y section of this Security Instrument cannot be en th forced according to its reme, at 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 m be wed to interpret or define the terms 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 m other formality than the designation in writing. The successor trustee without conveyance of the Property, shall succeed to all the title, power and Furies conferred upon Trustee by this §ccurity Instrument and applicable law. 25. NOTICE. Unless otherwise required by law, my notice shall be given by delivering it or by mailing it b first class mail to the appropriate party a address on page 1 of this Security Instrument, or to my other address designatz"in writing. Notice to one truster will be deemed to be notice to all trusters. 26. WAIVERS. Except to the extent prohibited by law, Truster waives all appri isemeat and homestead exemption rights relating to the Property. 27. OTHER TERMS. if checked, the following are applicable to this Security Instrument: Q 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. This Security Insnmrnenr secures an obligation incurred for the construction of an improvement on the Property. Fixture Filing. Traitor grants to Beneficiary a security interest in all goods that Ormtor owns now or in the future and that are or will become fixtures related to the Property. This Security Instwnent suffices w a financing statement and my carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the Uniform Commercial Code. 0 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, [Chock all applicable boxes] = Condominium Rider 0 Planned Unit Development Rider = Other Additional Terms. SIGNATURES: By signing below, Truser agrees to the terms and covmanffi contained in this Security Instrument and in my attachments. T o so o receipt of a copy of this Security Instrument on the date stated on page 1. 6q �� (sienatum7 GN2 L HEDMAN (ua (store) DEANaNA M' HED� (Due) - L I rL._ 1 ul_ kill STATE OF Nebraska____________________ COUNTY OF Hall___________________________ ]ss. 11n° l) This inatruI w as acknowledged before me this BTH day of ----- AUGUST, 2003 _ _______ by GARY_ L_ HED�MN_,_ DEANNA M HEDMAN,. HUSBAND _ AND _ WIFE______ _____ , My commission expires: 08/0412004 III GENERAL NOTARY -Slate of NBWaake (NOary Look) DAVID F. DOHMEN DAVID F DOHMEN My Comm. Era. ABg. 4, 2004 Ed © 1994 Bonsai sy,tans. Inc, st sauna inn rwm Rs-w-n[ morsso2 Cooge 4 of 4) dft �C 1051NE10301)