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<br />200600818
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<br />Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to
<br />the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not
<br />extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid
<br />to the Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting
<br />from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt inHHediateIy
<br />before the acquisition.
<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.
<br />21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any
<br />financial statement or infonnation Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver, 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 lnstrwnent and Beneficiary's lien status on the Property.
<br />22. JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under
<br />this Security lnstrwnent are joint and individual. If Trustor signs this Security Instrument but does 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
<br />Trustor does not agree to be personally liable on the Secured Deht. If this Security Instrument secures a guaranty _he~m .'
<br />Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim
<br />against Trustor or any party indebted under the obligation. These rights may include, but are not limited 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 tenns of this Security Instrument or any evidencc of debt without Trustor's consent.
<br />Such a change will not release Trustor from the tenns of this Security Instrument. The duties and benefits of this Security
<br />Instrwnent shall bind and benefit tbe successors and assigns of Trustor and Beneficiary.
<br />23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrwnent is governed by the laws of the
<br />jurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where
<br />the Property is located. This Security Instrument is complete and fully integrated. This Security Instrument may not be
<br />amended or modified hy oral agreement. Any section in this Security Instrument, attachments, or any agreement related to
<br />the Secured Deht that conllicts with applicahle law will not he effective, unless that law expressly or impliedly permits the
<br />variations hy written agreement. If any section of this Security Instrument cannot he enforced according to its terms, that
<br />section will be severed and will not affect the enforceahility 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 tenns of this Security Instrument.
<br />Time is of the essence in this Security Instrument.
<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 fonnality than the designation 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.
<br />25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it hy first class nlail
<br />to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing,
<br />~ oticeto oqe trustor wUlbe ;;deemedtoj,e.nqtice t9 all tr'-.lstors., , ..'_',. . ," '..
<br />26. WAIVERS. Except to the extent prohibitJd by law, 'frust()[ waNes all app'niiselherit arid'honiestea~d exei~iption rights
<br />relating to the Property.
<br />27. OTHER TERMS. If checked, the following are applicahle to this Security Instrument:
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<br />o Line of Credit. The Secured Deht 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 Instrwnent secures an obligation incurred for the construction of an improvement
<br />on the Property.
<br />o 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 hecome 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 the
<br />Unifoffil Commercial Code.
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<br />D Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and
<br />amend the terms of this Security lnstrwnent. [Check all applicable boxes 1
<br />o Condominium Rider 0 Planned U nit Development Rider D Other ..................................................
<br />o Additional Tenns.
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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. Trus.tQralsQ ,acku.owledgc;,sJ.e,cl;iR!9f a \:.,opy of this Security Instrwnent on the date stated on page 1.
<br />.,.. "I'..'.'. I
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<br />.~..~~~~..........................
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<br />(Signature) RONALD L. FOLLMER (Date)
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<br />(Signature) (Dale)
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<br />ACKNOWLEDGMENT:
<br />STATE OF NE8SAS.KA.................................., COUNTY OF BUfFAlO'.........................................} ss.
<br />This instrument was acknowledged before me this ....... 27JJI. :,""<' day of .... ..~.. .. . J.ANUARY, 20.06.. ....... .
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<br />~ y ~~~~~~~O;~ . res:. GENEfW. NO~~~ ~~~~ebraw ..... . :'.. .. . ~ " .. .. .. .. .. .. .. .. .. .. .. .. ... ...... ...........
<br />My Comm. Exp. June 13, 2007.. .. .. .. .. .. ... ~...... . ......~.. .. .. .. .. . .. .. ..
<br />(Nolary Public)
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<br />(Individual)
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<br />~ !C, 1994 Banko's Systems, Inc., St. Cloud, MN Form RE.DT.NE 1/30/2002
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<br />(page 4 of 4)
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