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<br />200609648
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<br />Unless otherwise agreed in writing, all insurancc proceeds shall be applied 10 lhe resloralion 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 thc acquisition shall pass to Beneficiary to the extent of the Secured Deht immediately
<br />before the acquisition.
<br />20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not he
<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 information 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 />ohligations under this Security Instrument and Beneficiary's lien status onlhe Property.
<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 docs 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 Debt. If this Security r nstrument secures a guaranty between
<br />Beneficiary and Trustor, Trustor agrees to waive-any rights that may prevent'Benefieiary from hringing any ilClion or ciaim
<br />ilgainst 'frustor or any pilny indebted under the obligation, These rights may include, but are nOl limited to, any
<br />anti-deficiency or one-ilction laws, Trustor agrees that Beneficiary and any party to this Security InSlrlllUell1 may extend,
<br />modify or make any change in the terms of this Security Instrument or any evidence of debt without Truslor's consent.
<br />Such a change will not release Trustor from the terms of this Security Instrument. The duties and :lelle~its ul'this Security
<br />Instrument shall bind and benefit the successors and assigns of Trustor and Bcneficiary.
<br />23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is goverl1\:d by lhe laws of the
<br />jurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of tlie jurisdiction where
<br />the Property is located. This Security Instrument is complete and fully integrated. This Security Instrumelll 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 ur implieuly permits 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 arc not to be used to interpret or define the terms 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 ilnd appoint a
<br />successor trustee without any other formality than the designation in writing. The successor trustee, withuut l:onveyance of
<br />the- Property, shall succeed to all the title, power and duties conferred upon Trustee by this Sc cirity lnstrument and
<br />ilpplicable law.
<br />25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or hy mailing it by first class mail
<br />to the appropriate party's address on page I or this Security Instrument, or to any other address ucsignatc'u in writing.
<br />Notice to one trustor will be deemed to he notice to all trustoJ'S.
<br />26. WAIVERS, LXl:epl tn the exlent prohibited hy law, Tru::tor waive" :tll ilppraisemcllt and homesii~;id c:xnuptlOll rights
<br />relating [0 the Property.
<br />27. OTHER TERMS. If checked, the following ilre applicahle to this Security Instrument:
<br />
<br />D Line of Credit. The Secured Debt includes a revolving line of credit provision Although the Secured I )Cht milY he
<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 constructioll of all improvement
<br />on the Property.
<br />D Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Grantor owns now or in the future
<br />and that arc or will become fixtures related to the Property. This Security Instrument s J [':'iees as a financing
<br />statement ilnd any carhon, photographic or other reproduction may be filed of record for purposes of !\ rticle 9 of the
<br />Uniform Commercial Code.
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<br />D Riders. The covenants and agreements of each of the riders checked below arc incorporated into and supplement and
<br />ilmend the tenns of this Security Instrument. [Check all applicable hoxes]
<br />D Condominium Rider D Planned Unit Development Rider D Other..........."...............,.....,...............
<br />D Additional Terms.
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<br />SIGNA TURES: By signing below. Trustor agrees to the terms and covenants contained in this Security I iistrument and in any
<br />att.;,;chments. 'I'fnstor al~o acknowledges receipt of' it copy of (hi, SCl:urity Instrument Oil the date staled on page 1.
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<br />ACKNOWLEDGMENT:
<br />STATE OF NEaR~SKA..................................., COUNTY OF HOWARD........................... ,..........} ss.
<br />This instrument was acknowledged before me this ....... 23RD.. .. ... day of ................ O.CT.O AfR, 200,1. .. .. .. .. .. .. .. .
<br />by HEI'J.lW.I\.ORJAN.VISS.EB: .Ci\ROLYN.lEf ~ISSER.. AS .1:1 US BAND . O. IfE. .. .. . .. .. ' .. . .... .. .. .. .. .. .. .. .. .. . . .. .. .. .. . " ... .
<br />My commission expires: 12.28.2008 ,,..."...."..- ~.,
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<br />L--; .... . ", ',' .. . ... .. .. (N ;:~~.............................
<br />RUSS LL K. JENSEN
<br />Ex:j5e"i'i;),:: \0.1994 Bankors Systoms, Inc" St,. ClOUd, MN Form RE,DT.NE 1/30/2002
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<br />(Signature) CAROL YN LEE VISSER
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<br />OEM;AAl NOTAAW.
<br />SEAL
<br />STATE ~ NI!BAASKA
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<br />0..1008
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