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200315815 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 not 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, Truster's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to On extent of the Secured Debt immediately before the acquisition. 20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Truster will not be required to pay to Beneficiary funds 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. Imstor 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 a lien scams on the Property. 22. JOINT AND INDIVIDUAL. LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Trustor signs this Security Instrument but does not sign an evidence of debt, Trustor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Trustor does not agree to be personally haMe on the Secured Debt. If this Security Instrument secures a guazanty between Beneficiary and Tmstoq Tmstor agrees [o waive any righis that may prevent Beneficiary from bringing any action or claim against Truster or any party indebted under Ne obliggation These rights may include, but arc not limited [o, an anti- deficiency or one -action laws. Truster agrees Nat Ieneficiary and any parry to [his Security Instrument may extend, modify or make any change in the terms of Nis Security Instrument or any evidence of debt -itbout Tmstor's consent. Such a change will not release Tms[or from the terms of this Seemiry Instrmnen[. The duties and benefits of Nis Security Instrument shall bind mid henefit Ne successors and assigns of Trus[or and Beneficial. 23. APPLICABLE LAW; SEVERABILITY- INTERPRETATION. This Security Instrument is governed by the laws of the urisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where the f roperty is located. This Security Instrument is complete and fully integrated. This 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 that law expressly or impliedly permits the variations by written agreement. If an 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 Instrument we for convenience only and are not to be used 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 Trance and appoint a successor trustee without any other formality than the designation in writing. The successor trustee, 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 tmstor will be deemed to be notice to all trustors. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Property. 27. OT'IIER TERMS. If checked, the following are applicable to this Security Instrument: E:1 Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Seemed Debt may be reduced to a wro balance, this Security Instrument will remain in effect until released. = Conslrution Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. = Fixture Filing. Truster grants to Beneficiary a security interest in all goods that Grantor owns now or in the future and that are or will become fixtures related to the Properly. 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 supplement and amend the terms of this Security Instrument. [Check all applicable boxes] 0 Condominium Rider O Planned Unit Development Rider D Other Additional Terms. SIGNATURES: By signing below, Truster 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. � � 7 (mss �a�'�— ��f –�— �(S' oanue) JAMBS R 80LLIST91 (Dam) core 8 HOLLIS R ate) ACKNOWLEDGMENT: STATE OF Nebraska _ _ _ _ _ , COUNTY OF Hall _ _ _ _ _ _ _ _ _ _ )as. u'u'ra i This instrument was acknowledged before me this28th day of November_ 2003 by JAMES R HOLLISTER, DELIA E HOLLISTEA My commission expires: 05 GENERAL NOTARY - State ofNeVasla ANNE17E DAVIS (Notary Public) My Comm. EN, May 232008 E DAVIs E5q—'F,A` (]i 1990 Bence sVimms. Inc., 61 Cl nutl. MN tam a, a I- E l l3loi002 (page 4 of 4) ®- OIe5(NE) waeII