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<br />200512335
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<br />Unless otherwise agreed in writing, all insllrance 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 IJaid
<br />to the Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resu ting
<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.
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<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.
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<br />FINANCIAL REPORTS ANn 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 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 />
<br />22. JOINT AND INDIVIDUAL LlABILITYi COpSIGNERS; SUCCESSORS ANn ASSIGNS BOUND. All duties under
<br />this Security Instrument are joint and indiVIdual. If Trustor signs this Security Instrument but docs 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 />Be~eficjary and Trustor, Trusto~ agre. es to waive any rights .that I?ay pre,:,ent Bencfic}ary from bringing any .ac!ion or claim
<br />agamst Trustor or any party mdebted under the obligatIon. rhese nghts may mcIude, hut are not IlImted 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.
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<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 bX the laws of the jurisdiction where the
<br />Property is located. This Security Instrument IS complete and fully integrated. rhis 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 />variat.ions 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 designa.tion 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 1 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, Tmstor waives all appraisement and homestead exernption rights
<br />relating to the Property.
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<br />27. OTHER TERMS. If checked, the following arc 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 PI aImed Unit Development Rider D Other
<br />D Additional Tel'ms.
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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 page 1.
<br />
<br />it .j '""---r ":L I' - -
<br />A - 5t-C - ...;?i.. ... ;t.T.~lfl - ./ - - -- - - - -
<br />" nature) JOSE L FLORES
<br />
<br />/J/;z)OS
<br />(Dale)
<br />
<br />"-.. -r ""'1, I "-.,1 )-') '.. ~ '
<br />_ _ _ _ __ ~ :'~2[r' ,.~_~/((2l-;;Y'
<br />(Signature) MARY M FLORES
<br />
<br />D iz,,~ S
<br />
<br />(Date)
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<br />ACKNOWLEDGMENT:
<br />STATE OF Nebraska , COUNTY 9LHall_ ._ ._ _ ___
<br />(Individual) This instrul~ent was acknowled-g~db~fore me this-i:; Lh __. : -1 :~f1dly of ~ , 'd--
<br />by JOSE _L X~Q~~!:l_~ _ ~Y MF':r,.9~!!l$_ _ _ ___
<br />My commission expires: / /
<br />GENERAL NOTARY - State of Nebraska
<br />KATHLEEN A. SCHLACHTER
<br />M Comm. . Ma 21. 2008
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<br />\ . .._ __..Jss.
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<br />. _~-e:fZ-/~._.. :-L'-:,(L~cd~
<br />
<br />(NOlMY Puhli,,)
<br />
<br />A SCHLACHTER
<br />
<br />~ 0.1994 Bankers Systmns, l"c.. St. CIOlld, MN Form RE-DT-NE 1/3012002
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<br />cD -C165(NE) 103011
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<br />(page 4 of 4)
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