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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 principalshall 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 immediately
<br />before the acquisition. ' ,
<br />20. ESCROW FOR TAXES AND INSURANtE: Unless otherwise" provided ina separate agreement, Trustor will not be
<br />required to pay to Beneficiary funds fortaxes 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 />obligations under this Security Instrument and Beneficiary's lien status on the Property.
<br />22. JOINT AND INDIVIDUAL LIABILITY; CO~SIGNERSj 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
<br />Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between
<br />Benefieiary 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 Beneficiary.
<br />23. APPLICABLE LA Wj SEVERABILITYj 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 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 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 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 Instruinent. 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.
<br />Time is of the essence in this Security Instrument.
<br />24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may frpm 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.
<br />25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail
<br />to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing.
<br />Notice to one trustor will be deemed to be notice to all trustors.
<br />26, WAIVERS. Except to the f'xtent pi"ohibittd by 11Iw, Tmstor waives all appraisement and homestead exemption righis--
<br />relating to the Property.
<br />27, OTHER TERMS, If checked, the following are applicable to this Security Instrument:
<br />
<br />o 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 />o Construction Loan, This Security Instrument 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 th at are or wilI 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 90f the
<br />Uniform Commercial Code. '
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<br />o 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 Instrument. [Check all applicable boxes]
<br />o Condominium Rider 0 Planned Unit Oevelopment Rider 0, Other............................... . ..................
<br />o Additional Tenns.
<br />
<br />SIGNA Tl.JRES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any
<br />attachments. Trustor also acknowledges receipt of a eop:' of this Security Instrument on the date stated on page 1.
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<br />ACKNOWLEDGMENT:
<br />STATE OF NEBRASKA................................, COUNTY OF HALL........t7.;~O.iiA.h.;.;................} ss.
<br />(Individual) This instrument was acknowledged before me this.... ~........ day of .... .....,,~1n.J'S.ofT.J.('''''''''''-''.... . . ... .............
<br />
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<br />....UYW~.vn....WtW:v................
<br />
<br />(Notary PubliC) !'
<br />
<br />~ <01994 Bankors Systems. Ino.. St. Cloud, MN Form RE,DT,NE 1/30/2002
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<br />GENERAL NOTARY - Slate of Nebraska
<br />MICHELLE M, WERTH
<br />My Comm. Exp. JaR. 10, 2011
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<br />(page 4 of 4)'
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