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wa0011f!00il, 200900062
<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 proceed to principal shall not
<br />extend2 or postpone the due date of the scheduled payment nor change the amount ofany payment: Any excess will be paid
<br />to the Grantor: If the Property is acquired by Beneficiary, Trustor's fright 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 INSURA,NCE,.' 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 nay 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- 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 ` 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 pcbt. 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 which Beneficiary is located, except 0 the extant otherwise required by the laws of the jurisdiction where
<br />the Property is located: This Security' Instrument is complete >.and fully iate$rated. 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 wilLbe 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 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 -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, , 'powcr 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 />W hliaSic d1 Inr. wlee4l_e:.wt� to all trustors , .._
<br />26. WAIVERS. Except to 'the extent prplubited by law rustor` wa ves.'rvall'appraisement and: homestead exemptibri., rights
<br />relating to the Property.
<br />27. OTHER TERMS. If checked, the following are applicable to this Security Instrument
<br />© 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 />❑ Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement
<br />on the Property.
<br />0 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.
<br />© Riders. The covenants and agreements of each of the riders checkod below are incorporated into and supplement and
<br />Security Instrument. [Cheek all applicable boxes]
<br />amend the terms of this Sep ,
<br />© Condominium Rider [: ] , Planned Unit Development; Rider I D . Other . ...... . ........ ............ .
<br />El Additional Terms.
<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 the date stated on page 1.
<br />... ..... , .,..1.,'.,� ? ......... .... ....................
<br />( Signature) Gall 0. Klingspgtn F ! (Date) (Signature) (Date)
<br />ACKNOWLEDGMENT:
<br />STATE OF Ragraska ..... COUNTY OF '-.: ..} ss.
<br />cln�� +aualt This instrument' was acknowledged before me this day of G•w .... ry a .....
<br />by flail A;.Klingapwa slkla &ail bean Kiinospntn.,Wnmatried.i?er$an,
<br />my commission expires:
<br />¢7� (Nota�P�ub�liic) ... ..........
<br />�i ""'X1.89 B 4wema, 14ffl�(M., roIM 07;ET DT- 1/30/2002 /page 4 of 41
<br />MY COMMISSION EXP�i$
<br />yam.
<br />" °' " "" FRbruary 2, 2 010
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