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200312909 <br />Instrument are for convenience only and are not to be used to interpret or define the terms of this Security <br />Instrument. Time is of the essence in this Security Instrument. <br />15. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and <br />appoint a successor trustee without any other formality than the designation in writing. The successor trustee, <br />without conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by <br />this Security Instrument and applicable law. <br />16. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first <br />class mail to the appropriate party's address on page 1 of this Security Instrument, or to any other address <br />designated in writing. Notice to one Trustor will be deemed to be notice to all Trustors. <br />17. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption <br />rights relating to the Property. <br />18. LINE OF CREDIT. The Secured Debt includes a revolving line of credit. Although the Secured Debt may be <br />reduced to a zero balance, this Security Instrument will remain in effect until released. <br />19. APPLICABLE LAW. This Security Instrument is governed by the laws as agreed to in the Secured Debt, <br />except to the extent required by the laws of the jurisdiction where the Property is located, and applicable federal <br />laws and regulations. <br />20. RIDERS. The covenants and agreements of each of the riders checked below are incorporated into and <br />supplement and amend the terms of this Security Instrument. (Check all applicable boxes) <br />❑ Assignment of Leases and Rents ® Other Equity Line Rider <br />21. ❑ CONSTRUCTION LOAN. This Security Instrument is a construction security interest which secures an <br />obligation incurred for the construction of an improvement on the Property. <br />22. ❑ ADDITIONAL TERMS. <br />SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument <br />and in any attachments. Trustor also acknowledges receipt of a copy f this Security Instrument on the date stated on <br />page 1. <br />N41� (Seal) <br />Borrower- EARL E SHAW Date <br />6,kmy) Y--� ,6 mot V v (Seal) <br />Borrower- SUSAN K SHAW Date <br />(Seal) <br />Borrower- Date <br />(Seal) <br />Borrower- Date <br />ACKNOWLEDGMENT: <br />(Individual) STATE OF �'P , COUNTY OF l� } ss. <br />This instrument was acknowledged before me this 1 y day of K of UU <br />by EARL E SHAW and SUSAN K SHAW. <br />My commission expires: (� <br />m 23 <br />i t i'ublic <br />(Seal) <br />JAMES PHIPPS <br />' °E_E" MY COMMISSION EXPIRES <br />5 NOTARY.: � <br />September •'�`;QRPS�'P�� ° ptem1,� ,, G <br />r 23, WJ <br />AU #: 62590 <br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA, OR VA USE) <br />Page 5 of 5 <br />IDS, Inc. <br />