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\ 200708333 Unless otherwise agreed in writing, a. 11 insurance proce~~s shall be. apPliec.i to the. res~oration or repair of t1~e ~roferty or to the Secured Debt, whether or not then due, at BeneficIary's option. Any apphcatlOn of proceeds to pnncIpa. shall n?t extend or postpone the due date of the scheduled pay'n:tem nor chan,ge ~he amount ?f any payme!1t: Any excess WIll be p~ld (0 the Grantor. If the Property is acquired by ~eneficlary, Trustor s r~.gl1t to any lI1surance pohcIes and procet::ds res,:!l tmg from damage to the Property before the acqulSltlOn shall pass to BenefIcIary to the extent of the Secured Debt nnmedwtely 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 Benef~ciary upon reque~t, any financial statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sIgn, dehver, and hie any additional documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary s lien status on the Property. 22. JOINT A.ND INDIVIDUAl: LlABI~IT'y; CO-SIGNERS; .SUCC.ESSO~S AND ASSIGNS BOUND: All dut~es under this Securtty Instrument are JOll1t and ll1dlVldual. If Trustor sIgns this Secunty Instrument but does not sIgn an eVIdence of debt, Trustor does so only to mortg~ge Trustor's interest in the Property to sec~re payment of the Secured Debt and Trustor does not agree to be personally hable on t.he SeCll~ed Debt. If thIs Secunty ~n~trument sec:urt;s a guarU1~ty betwe.en Beneficiary and Trustor, Trustor agrees to waive any ngl1ts that may prevent BenefICIary from bnngmg any actlOn or claIm against Trustor or any party indebted under the obligation. These rights may incl.ude, bl1;t are not limited ro, any anti-deficiency or one-action laws. Trustor agrees that Beneficiary and any party to thIS Secunty 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 Instrument is governed by the laws of the jurisdiction in which Beneficiary is located, excel?t to the extent otherwise required by the laws of the jurisdiction where the Property is located. This Security Instrument 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 calmot 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, may from time to time remove Trustee and appoint a successor trustee without any other form~lity than the design~tion in ~\'fiting. The successor tru~tee, Witl:lOUt conveyance of the Property, shall succeed to all the lltle, power and dutIes conferred upon Trustee by thIs Secunty 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 party's address on pag~ I of this Security Instrument, or to any other 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 wUlves all appraisement and homestead exemption righls rei ating 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 Instmment will remain in effect until released. D Construction Loan. This Security Instrument secures an obligation incurred for the constmction of an improvement on the Property. D Fixture Filing. 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. [Check all applicable boxes] D Condominium Ridcr D Planned Unit Development Rider D Othcr D Additional Terms. (Indi vjdu~ll) SIGNATURES: R}L signing below, Trustox: agrees. to-the terms -and CGvenants contained in this Security Instmmellt and in any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page I. FIRST~I ANS IN~~JP: INC. ..~ ... !).. .~./)/J1~ (Signatur~) ELLA M LEVEA f (Date) (Signature) S P MASAT f SECRETARY PRESIDENT/TREASURER ACKNOWLEDGMENT: STATE OF . NEBRl\~KA . .. ,COUNTY OF HALL. This instrument was acknowledged before me this .26t:h ... day.of.. September... 2007 by Stel:l.~ M.. ~eve<j.. I'n~siq~Ilt/TreasuterqndJames. P. Masat, . Secretary of My oomnn'''on expore" First Amer~21ce Group, Inc. GENERAL NOTARY. Stale 01 Nebraska '/ ~NOlarY Puhlic) "'... .. . SMTEC VEN D. KUNZMAN . . y ammo Exp. March 1,2010 (Date) }ss. Ex'j5e?EJ.M 0 1994 Bankors Systems, Ine.. St. Cloud. MN Form RE-DT-NE 1/30/2002 G .C165(NE) 103011 @ (page 4 of 4)