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200610159 Unless otherwise agreed in writing, all insurance proceeds 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 cxtend or postpone the due date of the scheduled payment nor diange the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired bX ~~neficiary, Trustor's ri.g~t to any insurance policies and procec;;ds res':llting frol11 damage to the Property before the acqUisItIOn shall pass to BenefIcIary to the extent ofthe 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. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any financial statement or infonnation Beneficiary may deem reasonably necessary. Trustor agrees to sign, delIver, and file 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 AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. 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 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 Trustor 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 Instrmnent 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 Instrument is governed by the laws of the j.lurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where the Property is located. This Security Instrmnent IS complete and fully integrated. This 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 conflicts 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 CatIDot be enforced according to its terms, that section will be severed atId 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, 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 titIe, power atld 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 rarty's address on page 1 of this Security Instrument, or to atlY otIler address designated in writing. Notice to one trustor 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, tIle following are applicable to this Security Instrument: o 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. o Construction Loan. This Security Instrument secures an obligation incurred for tIle construction of an improvement on the Property. [:J Fixture :Filing. Trustor grants to Beneficiary a security interest in all goods that Grantor owns now or in the future and that arc or will become fixtures related to the Property. This Security Instrument suffices as a financing statement and any carbon, photographic or otIler reproduction may be filed of record for purposes of Article 9 of the Uniform Commercial Code. o 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] o Condominium Rider 0 Platmed Unit Development Rider 0 Other o Additional Terms. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument atld in any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. @ IYlI'd~ 11 ____&th\~ (Signature) Michael A Bechtold l\~\~~ ..... ..1Af\1~tJ.~.~. (Date) (Signat~~~tistal L Bechtold i~\-d.o (Date) ACKNOWLEDGMENT: STATE OF Nebraska , COUNTY OF Hall This instrum~~t w~s acknowledged. before me thi;. 7 a ______ day of i0L~\i'~mb.W by MichaeLA.B.e.chtold. Kristal L Bechtold h shand and wif.e____. My commission expires: J - 9 -JC()7 ""ERAL NOTflR'f - State 01 NebrasKa G"" JON A. HEATH My Comm. Exp. Jan. 9, 2007 }ss. (Individual) .. . ()/:;Dip Ex{5enl.M 0 1994 Bankers Systems, Inc" 51. Cloud, MN Form RE.DT.NE 1/3012002 G .C165(NE) (0301) @ (page 4 of 4)