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200512687 Unless otherwise agreed in writing, all insurance pnJcc::~(!s sl~a.l1 be. apPli.ed to the. res~o.n.ltiC!n or repair of t1)e f:'rolJerty or 1.0 the Secured Debt, whether or not then due, at BenefiCiary s option. Any applicatIOn of proceeds to prlnClpa shall not extend ~r. postpone the duc date. of the .scheduled payn?ent nor chan,ge .~he amount ~Jf any payme!lt: Any excess w.ill be p~,id to the GIantor. If the Property IS acqUIred by ~~neficIary, Trustor s n.g~1t to any msurance poliCies and proce~ds res~IltlI1g from damage to the Property before the acqmsltlon shall pass to Beneftclary to the extent of the Secured Debt Immedwtely before the acquisition. 20. ESCROW FOR TAXES ANn INSURANCE. Unless otherwise providcd in a separate agreemcnt, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. F.1N~CIAL REPO~TS ANp ADHlTI9NAL DOCUMENTS. Trustor wil~ provide to Denef\ciary upon reque~t, any fma.n~lal statement or mforn~a.~lOn. Beneficiary m~y. deenl reason~bly necessary. frustor agrees ~o SIgn, deliver, and fIle any add.ltlO!1al document.s or cer.lIhcatlOns that Bene fWI <I[Y. ma~ c~1I1slder necessary to perfect, contInue, and preserve Grantor's ohlIgatrons under tlus Secunty Instrument and Benehclary s lien status on the Property. 22. JQINT J\!'ID INDIVIDUAl; ~-,IABII.:IT:Vi CO-SIGNERS; .SUCC.ESSOI~S AND ASSIGNS BOUND.. All duqes under thIS Security Instrument are J01l1t ;md IIldlvidual. If Trustor sIgns thiS Security Instmment but does not sIgn an eVIdence of debt, Trustor docs so only to mortgage Trustor's interest in the Property 1.0 secure payment of the Secured Debt and Tmsto.r. does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Be~ef1ciary and Trustor, Trustor agrees to waive any rights .that may pre,:,ent Benefic.iary from bringing any .act..ion or claim agamst Trustor or any party mdebted lmder the obfigalIon. These rights may ll1clude, but are not limited to, any anti-deficiency or one-action laws. Trustor agrees thilt Beneficiary and any party to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any eVIdence of debt without Trustor's consent. Such a change will not release Trustor from the terms of this Security Instrument. T. he duties and benefits of this Security Instrument shall hind and benefit the successors and assigns of Trustor and Beneficial. 23. APPLICABLE LAW; SEVERABILITY. INTERPRETATION. This Security InstnllTIent is governed by the laws of the jurisdiction in which Beneficiary is located, exce!?t to the extent otherwise required bX the laws of the jurisdiction where the Property is located. This Security Instrument IS complete and fully integrated. [his Security Instnllnent may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related 1.0 the Secured Debt that conOicts with applicable law will not be effective, unless that law expressly or impliedly permits the variations by written agreement. If any 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 are 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 TRUSTER. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor tmstee without any other formality than the designation in writing. Thesuccessor trustee, without conveyance of the Property, shall succeed to all the tille, 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. OTHER TERMS. If checked, the following are applicable to this Security Instrument: D 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. D Constnrction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. D Fixtm'e Ii'i1ing. Trustor grants to Beneficiary a security interest in all goods that Grantor owns now or in the future and that are ~r will become fixtures related to the Property. This Security Instrument suffices as a financing statement and any carbon, photographic or other reproduction may be filed of record for pllll)oses of Article 9 of the Uniform Commercial Code. D Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the terms of this Security Instmment. [Check all applicable boxes] D Condominium Rider D Planned Unit Development Rider D Other _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ ___ _ ___ __. D Additional Terms. SIGNATURES: By signing below, Trustor 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. X~~f~L umnmnm!~!~05 (Signature) DALE E HUFFMAN (Dale) _ _ _ ~~(~~..~_ /11._'_ ;?~._.4t~ (Signature) SHARON M HUFFMAN /d-('l-dj- (Date) ACKNOWI~EDGMENT: STATE OF Nebraska , COUNTY OF H~_lJ. _ _ _ _ _ _ _ _ _ }ss. This instrun;e~t ~a; -a~k;~~wi"e(lged before me this _ _ !f_ _ _ _ _ _ lay of _ JiC~ 7-..::zo. 9~-:_ _ __ by Pl\LE_ _E_ )!Ql1'Jf~, SH1\RQ~ _ ~ _ !IP'fY_W\:N:_ _ . My conUl1ission expires: / / (Individual) u" u -- -- - - - - ---- --- -/7 - 11 - . ,,- ~--:l:U~c"~4,cL~__ (NOlary Puhlic) Schlachter ~:: 0 1994 Bankers Systems. Ino.. SI. Cloud. MN Form nE-DT-NE 1/3000;7.. I _ -C165(NE) 103011 ' ; 'I ,'. @ (page 4 of 4/ '<'