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<br />200809771
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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 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 damagc 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 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 />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-SIGNJ<:RS; SUCCESSORS AND ASSIGNS BOUND. All duties under
<br />this Security Instrument arc 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 securc payment of the Secured Debt and
<br />Tmstor does not agree to be personally liable on the Sccured Debt. If this Security Instrument secures a guaranty between
<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 Beneficiary,
<br />23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the
<br />jurisdiction in whieh 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 intcgrated, This Security Instrument may not be
<br />amended or modified by oral agreement. Any section in this Sccurity Instrument, attachments, or any agreement related to
<br />the Secured Debt that connicts with applicable law will not be effective, unless that law expressly or impliedly permits the
<br />variations hy written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that
<br />section will be severcd 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 singu]ar, The captions and headings of the sections of this Security
<br />Instrument are for convenience only and are not to be us cd 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 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 />applicahle law,
<br />25. NOTICE. Unless othcrwise 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 deemcd to be notice to all trustors,
<br />26. WAIVERS. Except to the cxtent prohibited by law, Trustor waives all appraisement and homestead exemption rights
<br />relating to the Property,
<br />27. OTHER TERMS. If checked, the following are applicable to this Security Instrument:
<br />
<br />D Line of Credit. The Secured Debt includes a rcvolving line of credit provision, Although the Secured Debt may be
<br />reduced to a zero balance, this Security Instrumcnt will remain in effect until released,
<br />[:J Construction I_oan. This Security Instrument secures an obligation incurred for the construction of an 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 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 the
<br />Uniform Commercial Code,
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<br />D 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 />LJ Condominium Rider D Planned Unit Development Rider D Other..""""""".,."""""..."""""""""
<br />D Additional Terms.
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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 />attachments, Trustor also acknowledges receipt of a copy of this Security Instrument on thc date stated on page 1.
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<br />(<:)~"( /?~uuu!l/(Jtk.,....,
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<br />(~lmlE S, SCHUSTER (Date)
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<br />ACKNOWLEDGMENT:
<br />STATE OF N~611ASKA....,..............................., COUNTY OF Hl\ll......,............,..................,....,..,} ss,
<br />This instrument was acknowledged before me this ..,... ..2181.. .. .., day of ................ NOVEMB.EJl,. ZOQa.. .. .. .. .... .. ..
<br />by MIC~AH Q"SCHUS,H8; MIC~Eill S"SCHLJSHJl" JlUS,61\NO.MJQ Wl~~" .I\S,~OI~l T lIIA lS WIT~.8IG , ,Qf,SUR~I.V,Q8SJII.P""""..,.", ,
<br />My commission expires: 04-29-2012
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<br />(Intlividual)
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<br />E~~ @ 1994 Bankers Systems, I
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<br />
<br />GENERALNOTAA1 ~SIOl Nebraska'
<br />STeve POPPE
<br />MMyiColMl~4Pr1l ~fb_~ VE POPPE
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<br />(page 4 of 4)
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