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-.- t',",... 200901801 , l. i I Unless otherwise agreed in writing, all insurance proeeeds shall be applied to the restoration or repair of the Property or to the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the 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 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 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 Seeurity Instrument secures- a guaranty between Beneficiary and Trustor, Trustor agrees to waivc 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 Instrument may extend, modify or make any change in the tenns of this Security Instrument or any evidence of debt without Trustor's conscnt. Such a change will not releasc Trustor from the tenns of this Security Instrument. Thc duties and benefits of this Sccurity Instrument shall bind and benefit the successors and assigns of Trustor and Beneficiary. 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Sccurity Instrumcnt is governcd by the laws ofthc jurisdiction in which Beneficiary is located, except to the cxtent otherwise required by thc laws of the jurisdiction wherc the Property is locatcd. This Sccurity Instrument is complete and fully integrated. This Security Instrumcnt may not bc amended or modified by oral agrecmcnt. Any scction in this Security Instrument, attachments, or any agrecment related to the Secured Debt that conflicts with applicable law will not be cffective, unlcss that law expressly or impliedly pcrmits the variations by written agreement. If any scction of this Security Instrument cannot bc enforced according to its tenns, that section will be severed and will not affect the enforceability of thc remainder of this Security Instrument. Whencvcr used, thc singular shall include the plural and thc plural the singular. The captions and headings of the sections of this Security Instrument are for convenience only and arc not to bc used to interpret or define thc tcrms of this Security InstrU111l:nt. Time is of the essence in this Security Instrumcnt. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from timc to time remove Trustee and appoint a successor trustcc without any other fonnality than thc designation in writing. The successor trustee, without conveyancc of the Propcrty, shall succced to all thc title, powcr and dutics conferred upon Trustee by this Sccurity Instrwncnt and applicable law. 25. NOTICE. Unless otherwise required by law, any noticc shall be given by delivering it or by mailing it by first class mail to thc appropriate party's address on page 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 e-xtcnt prohibited- by law, Tru-stor waives all appraisemcnt and homestead exemption rights relating to thc Property. 27. OTHER TERMS. If checkcd, the following are applicable to this Security Instrumcnt: [j] Line of Credit. Thc Secured Debt includes a rcvolving line of credit provision. Although thc Secured Debt may be reduced to a zero balance, this Security Instrumcnt will remain in effect until releascd. D Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. D Fixture Filing. Trustor grants to Beneficiary a security intcrest in all goods that Grantor owns now or in thc future and that are or will become fixtures related to the Propcrty. This Security Instrument suffices as a financing statemcnt and any carbon, photographic or other rcproduction may be filed of record for purposcs of Article 9 of thc Uniform Commercial Code. D Riders. The covenants and agreemcnts of each of thc riders checked below are incorporated into and supplement and amend thc tenns of this Security InstrU1ncnt. [Check all applicable boxcs) D Condominium Rider D Planned Unit Developmcnt Rider D Othcr .................................................. o Additional Terms. SIGNATURES: By signing below, Trustor agrees to the tenus and covenants contained in this Security Instrument and in any attachments. Trustor also acknowledgcs receipt of a copy of this Security Instrwnent on the date statcd on page 1. YlENP.i.iNF~.........?-q.;:;;~j (Si~~~..........~.~i-:9 ACKNOWLEDGMENT: STATE OF N.~SRAS~A ... ... ....... ......................., COUNTY OF ADAMS..... ........... ............... ... ...........} ss. This instrument was acknowledged before me this ........ 2ND.. .. .... day of ................ ..M4RGti. Zn09.. .. .. .. ... ....... by A4YLEN RI\lNfORT~;.JUOY.RAINF.ORT.~. H.USaA~nANO.WIF.E..... A....~............ ........ ... ................. .............. . My commission expires: 09.19.2010 ....~.ri:..... .... ................. GENERAL NOTARY. State of Nebraska JUDY A. SOUKUP ~ @1994 Sankor Syst . Ino" St. aJUQ'MA.6Ol.IKUl'-NE 1 30/2002 My Comm. Exp. Sept. 19, 2010 (Irulividual) (page 4 of 4)