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200600765 Unless otherwise agreed in writing, all insurance procccds shall be applied to the restoration or repair of the Proferty 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 pa}:'n~ent nor chan,ge ~he amount ~f any payme!1t/ Any excess will be p~id to the Grantor. If the Property IS acqmred bX ~~nehctary, Trustor s n.g~lt to any lTlsurance pOhClCS and proce~ds. r. eS~IItlTlg from damage to the Property before the acqulslllon shall pass to Beneflc1l1ry to the extent of the Secured Debt Immediately before the acquisition. 20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. FIN~CIAL REPO~TS ANp ADDI~'I~)NAL nOCtJMENfS. Trustor will, provide to Beneqciary upon reque~t, any financIal statement or mformatlon Beneflctary may deem reasonably necessary. frustor agrees to sIgn, dehver, and flle any additional documents or certifications that Beneficiary ma~ consider necessary to perfect, continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary s lien status on the Property. 22. JOINT ANn INI>1VIJ)UAI, LIABILITY; CO-SIGNERS; SUCCESSORS ANn ASSIGNS HOUND. All duties under this Security Instrument are joint and indivIdual. If Trustor signs this Security Instrument but does not sign an evidence of debt, Trustor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Security lnstrument secures a guaranty between Benetlciary 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 arc 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 Beneficial. 23. APPLICABLE LAW; SEVERABILITY' INTERPRETATION. This Security Instnunent is governed by the laws of the jurisdiction in which Beneficiary is located, except to the extent otherwise required bX the laws of the jurisdiction where the Property is located. This Security Instrument IS complete ami 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 connicts 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 TRUSTEE. Beneficiary, at Beneficiary's option, Inay from time to time remove Trustee and appoint a success.o.r 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 mail to the appropriate party's address on page I of this Security lnstmment, 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 Construction I,oun. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. D ,Fixture Ii'i1ing. 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. fCheck all applicable boxes] D Condominium Rider D Planned Unit Development Rider CJ Other _ __ D Additional Terms. SIGNATURES: By Sig~i~ Trustor agree' to the tem" aod roveoants roolaioed io this Secority loslmmeot aod io aoy attachments. Trustor also ~wledges ipt of a copy of this Security Instrument on the date stated on page I. -,/7/ /' / ~'~ ----~~:fl ./~~- - t~'~~(~' --Y/~-~ -- (Signature) CfRE R T B (Dale) (Signature) ADRIENE L BAX ER (Dale) ,/" ,EI'MENT: STATE OF Nebraska , COUNTY OF Hall ,'_ _ _ _ _ _ }ss. This instrun~~~lt ~~~ -~~k~owledged before me thi~ -IJ! _ _ ",day of- -~)';~?T.~d>'~2;?' / .Q _G CJ-k _ _ by g:REGORY T BAJCr~:R J _ _~~l:ENE L BAXTER ~ /'! _ _ _ __ __ My commission expires: ? / j./ - /l / j ~ ~ - - ~a~: xkLe~ ck;.t~~-7 . IW GENERAL NOTARY. State of Nebraska (Notary Pllblic) m KATHLEEN A. SCHLACHTER .;:7._. M Comm. Ex. Ma 21,2008 KAT EN A SCHLACHTER ACKNO (Individual) ExfiEi~ 0 1994 Bankors Systems. Inc.. St. ClolJrl. MN Form RE.DT-NF 1/30/2002 G -C165(NE) (0301) @ (page 4 of 41 ",' , . . ...