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200600659 Unless otherwise agreed in writing, all insurance proceeds shall be applied to th.e restoration or repair of the Prorerty or to the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principa 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 i~ acquired bX ~~neficiary, Trustor's ri.g~lt to any insurance policies and procet;ds res~llting from damage to the Property before the acqlllSItlon shall pass to Beneftclary to the extent of the Secured Debt llllmedlately before the acquisition. . 20. ESCROW Ii'OR TAXES AND INSURANCE. Unless otherwise provided in a separate agrecment, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. nNA~CIAL REPO~TS ANp AnDI~'I9NAL nOCUMRNTS. Trustor will, provide to Benef\ciary upon reque~t, any fina.n~lal statement or lI1forn~a~lOn. BenefICiary m~y. deem reason~bly necessary. trustor agrees ~o sIgn, deltver, and fIle any addItIOnal documents or certIfIcatIOns that BenefICIary lOa?, conSIder necessary to perfect, contlllue, and preserve Grantor's obligations under this Security Instrument and Beneficiary s lien status on the Property. 22. .JOINT AND INDIvmUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and indiVIdual. If Trustor signs this Security Instnnnent but does not sign an evidence of debt, Trustor does so only to mortg~ge Trustor's i9terest in the Property to sec\lre p.aym. ent of the Secured Del.)t. and Trustor does not agree to be personally liable on the Secured Debt. If tillS 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 Tlllstor 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 eVlllence of debt without Trustor's consent. Such a change will not release Trustor fronl the terms of this Security Instrument. The duties and benefits of this Security Instrument shall hind ,md benefit the successors and assigns of Trustor and Beneficial. 23. APPLICABLE LAW; SEVERABILITY' INTERPRETATION. This Security Instnunent is governed by the laws of the jurisdiction in which Beneficiary is located, exce!?t to the extent otherwise required by the laws of the jurisdiction where the Property is located. This Security Instrument IS complete and fully integrated. This Security Instnnnent 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 wrillen 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 Instnnllent. 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. 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 r.arty'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 no-tice 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 Instmment 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 l1'ixture Filing. 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 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 Instrument. [Check all applicable boxes] D Condominium Rider D Planned Unit Development Rider D Other Cl Additional Terms. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security InstrUlnent and in any allachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. 't{_ - ~ . ..~. Cf ~ f} 4 j'tee ..........-v(~n~ A MEAD Trustee of the(Date) Gregory A MEad LIving Revocable T~ust ACKNOWLEDGMENT: STATE OF Ne}:)ral:lItCl__ ._ _ _ _ _ __ __ __ ____ _ _ , COUNTY OF Hal_l _ _ This instrument was acknowledged before me this 18th _ __ _ __ ___ _ _ day of January 2QQ~_ __ ___ by GREGORY A MEAD [ _M_TJ!~J1:E:}Il"_1!:_ ~E_AD, TRUSTEES AS_S'!'4TEP_ ABQVE. My commission expires: OS/23/2006 .//-' .__~ ( i --'. _ .J;. GENERALNOTARY-StateofNebraska - - - - C.(v.-~-J..- - _._/(:rO'c0-~ ANNETTE DAVIS (NOl.aI.Y PuhlIC) n, _ My Comm. Exp. May 23, 2006 ANNETTE DA VI S -f(ai1-1U!/}~l C~ _ J1'LL4-j) k~J!~0_ (Signature) KATHLEEN E MEAD Trustee of th~Dale) Kathleen E Mead Revocable Trust }ss. (Individual) E;t:f5E!~ 0 1994 Bankers SY5tems. I"c" 51. Cl.oud. MN Form RE-Dl-NE 1/30/2002 ~-C165(NE) (03011 (page 4 of 41 . .