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200600544 Unless otherwise agreed in writing, all insurance proce_e~s shall be. applied to the. res~oration or repair of t1~e ~roJ)erty or to the Secured Debt, whether or not then due, at Benehelary's option. Any appltcatton of proceeds to pnnclpa. shall not extend or postpone the due dale of the scheduled payment nor cluU1ge the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance po. licies and proc.'eeds resulting from dmnage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition. 20. ESCROW Ji'OR TAXES ANI> INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. FlNANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any fina.n~ial statement or inform.a~ion. Beneficiary m~'Y. deem reason~bly necessary. Trustor agrees ~o sign, deltver, and file any addtllonal documents or cerhflcattons that BenefICiary ma~ consider necessary to perfect, cont1l1ue, and preserve Grantor's obligations under this Security Instrument and Beneficiary s lien status on the Property. 22. JQI~T J\ND INDIVIDUAl,- pABI~IT'y; CO.SI?,NERS; .SUCC.ESSO~S AND ASSIGNS BOUND.. All dUl~es under, thiS Secunty Instrument arc jOlIlt and IIldlvldual. If I rustor signs this Secunty Instrument but does not sign an eVidence of debt, Trustor does so only to mortg,;lge Trustor's interest in the Property t~ SeCl}re payment of the Secured Debt and Trustor does not agree to be personally ltable on the Secured Debt. If thiS Secunty Instrument secures a guaranty between Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or any party indebted under the obligation. These rights may include, but are not limited to, any anti-deficiency or one-action laws. Trustor agrees that 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. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Trustor and Bencficial. 23. API'LICAULE LAW; SEVERABILITY' INTERPRETATION. This Security Instrument 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. rhis 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 any section of this Security Instnnnent 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 TRUSTEE, Beneficiary, at Beneficiary's option, may from time to time remove Trustee 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. 21. 25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class rnailto the appropriate party's address on page I of this Security Instrument, or to any other address designated in writing. Notice to one trustor 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 Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. D Fixture Filin~. Trustor 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 Property. This Security Instrument suffices as a financing statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article () 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 Instrument. I Check all applicable boxes] D Condominium Rider D Planned Unit Development Rider [ ] Other D Additional Terms. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instmment and in any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page I. {i~!f:~ui-A2-~f (l/c.ke~Yf(-1iJ~/)~ " /-/U/JiP -(Signature) CHARLENE- :R- -';;;.fJ~7"-- (Da;e) ACKNOWLEDGMENT: STATE OF~E!l?:r:~l:lJs<il __ __ __ __' COUNTY OF Hall _ _ __ _ _..._ This instnllnent was acknowledged before me this 10th _ _ __ __ _ day of Janua:r:y__2_0_0~_ by RON!>:r..P _Y.. J~.~'!'tI.;r~N/__ _CHARLENE R RATHJE~_ _ _ __ __ _.,..-, My commission expires: OS/23/2006U~4 4. /I GENERAL NOTARY - State of Nebraska ANNETTE DAVIS ANNETTE DAVIS ~-~: . My Comm. Exp. May 23, 2006 }ss, (Individual) 1C9(<,~~;_ (Notary rllhlic) E;<fJe~ 0 1994 Bonkers Systerns. Ine.. St. Clolld. MN Form RE-DT-NE 1/300007 . -C165(NE) 103011 <!l (page 4 of 4J . .