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<br />200511564
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<br />Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Prorerty or to
<br />the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principa 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 policies and proceeds resulting
<br />from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately
<br />before the acquisition.
<br />
<br />20. ESCROW FOR TAXES 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.
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<br />21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any
<br />financial statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, dehver, and file any
<br />additional documents or certifications that Beneficiary ma~ consider necessary to perfect, continue, and preserve Grantor's
<br />obligations under this Security Instrument and Beneficiary s lien status on the Property.
<br />
<br />22. JOINT AND INDIVIDUAL LIABILITYi CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under
<br />this Security Instrument are 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 mterest 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 rights 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 />
<br />23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the
<br />jurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where the
<br />Property 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 any 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.
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<br />24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a
<br />successor trustee without any other formality than the designation in writing. The successor trustee, without conveyance of
<br />the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and
<br />applicable law.
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<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.
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<br />26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights
<br />relating to the Property.
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<br />27. OTHER TERMS. If checked, the following are applicable to this Security Instrument:
<br />
<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 />D Construction Loan. This Security Instrument secures an obligation incurred for the construction of an
<br />improvement on the Property.
<br />D 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 />D 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 />D Condominium Rider D Planned Unit Development Rider D Othcr _ _ _ _ _ __ __ __ __
<br />D Additional Terms.
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<br />SIGNATURES: By 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 pagc 1.
<br />
<br />JLL1~
<br />
<br />'(Signalure) STEVEN LEE SCHNEIDER
<br />
<br />~ '\ ,I ~
<br />//'-c:I'~C7S' , . 1a~y" 4l._.~__
<br />- , (Date) (Si;na;;;re) iiiJi-'(j- SCHNEIDER
<br />
<br />;1/40.5.--
<br />
<br />(Date)
<br />
<br />ACKNOWLEDGMENT:
<br />STATE OF !l"el?x:.~s_k<!c ___ , COUNTY OF Hall m _ _ __
<br />This instrument was acknowledged before me this 4J:l!_ day of ~oy'e!l.lber 200_5_
<br />by STEV:J1:N_L!lE_ SS:H.1I'~I~E:g, KELLY_J__ ~_~IW~IQ.ER_ __ __ _ _
<br />My commission expires: 08/17/2006 \ , ~ _ 0 c,' ~-----A--
<br />GENERAL NOTARY. State of Nebraska \Jv~ L ...c_ ~- --=
<br />~ill' MARK E. KERSTEN' (Notary Puhlic)
<br />~~, My Comm, Exp. Aug, 17, 2006 MARK E KERSTEN
<br />::7.,,',
<br />
<br />__ __ _ }ss.
<br />
<br />(Individual)
<br />
<br />
<br />Exf5e~ 0 ' 994 Bankers Systems, Inc" SI_ Cloud, MN Form RE-DT-NE 1/30/2002
<br />
<br />G -C165(NE) (03011
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<br />(page 4 of 4)
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