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<br />200601539
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<br />Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Profert,y or" to
<br />the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principa shall not
<br />extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will bc 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 immediately
<br />before the acquisition.
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<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 />
<br />FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any
<br />financial statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, dehver, 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 Instrument and Beneficiary's lien status on the Property.
<br />
<br />22. JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under
<br />this Security Instrument 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 Trustor
<br />does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty hctwl:cn
<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 terms of this Security Instrument or any eVIdence of debt without Trustor's consent.
<br />Such a change will not release Trustor from the terms of this Security Instrument. The duties and benefits of this Security
<br />Instrument shall bind and benefit the successors and assigns of Trustor and Beneficial.
<br />
<br />23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the
<br />jurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws ofthe jurisdiction where the
<br />Property is located. This Security Instrument IS complete and fully integrated. This Security Instrument may not be
<br />amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to
<br />the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly pennits the
<br />variations by written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that
<br />section will be severed and will not affect the enforceability 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 terms of this Security Instrument. Time
<br />is of the essence in this Security Instrument.
<br />
<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 formality 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.
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<br />25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail to
<br />the appropriate p'arty' s address on page I of this Security Instrument, or to any other address designated in writing. Notice
<br />to one trustor WIll be deemed to be notice to all trustors.
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<br />21.
<br />
<br />27.
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<br />WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights
<br />relating to the Property.
<br />
<br />OTHER TERMS. If checked, the following are applicable to this Security Instrument:
<br />
<br />D Line of Credit. The Secured Debt 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 Instrument secures an obligation incurred for the construction of an
<br />improvement on the Property.
<br />D Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Grantor OWllS now or in the future
<br />and that are or will become 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
<br />the Uniform Commercial Code.
<br />D Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement
<br />and amend the terms of this Security Instrument. [Check all applicable boxes]
<br />D Condominium Rider 0 Planned Unit Development Rider D Other
<br />D Additional Terms.
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<br />26.
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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 />attachm~nts. rustor alS,?, a~"ledges receipt of a copy of this Security Instrument on the date stated on page 1.
<br />'J ,:&;}j ,zr~r
<br />--------- --I", '~ . -. -- .__________________.____________________F.eb_H__2.0D.6_________ ________________ ___ ____ _____ ______ __ __ _ ___. __. __., .Feb 17. 2006__ __ __.
<br />(Signature) Thomas G Fischer (Date) (Signature) (Date)
<br />
<br />________________________________ _.""........_ .___ ___________EebJJ..2D.06___________
<br />(Sign-aiure) (Date)
<br />
<br />______________________________ ___ _ __ __ __ _ __.""".'''.".. _ u. _"" _. _Eeb_17...2.0D.6_________
<br />(Signature) (Date)
<br />
<br />
<br />NOTARY. S1a18 of Nebraska
<br />DARREN SANCHEZ
<br />Comm. 24 2008
<br />
<br />
<br />. COUNTY OF ---/d.Jj-. ' _ __ _ __ __ }SS.
<br />[ '7-t:~ _ _ day of F~ \)q V")..(:!I .'::Lcx:2 "
<br />
<br />, m~~~=Js~mmnmmlm
<br />
<br />(Notary Public)
<br />
<br />
<br />ACKNOWLEDGEMENT:' 'G
<br />(Individual) STATE OF ~ "\'>'\ ...-, =.-S"'.'m
<br />This instrument was acknowledged before me this
<br />by Thomas G Fischer : 0-,"" l~
<br />I --~.. ,.".
<br />My commis . ,
<br />
<br />~ 0 1994 Bankers Systems, Inc., SI. Cloud, MN Form RE.DT.NE 1/3012002
<br />G -C165(NE) (0301)
<br />$
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