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200902886 Unlellll otherwise a.gn;ed in writing, all inwrance proceeds 9ba1l bci applied to the restoration or repair of the Prooertv or to the Secured Debt, whether or not then due, at BeoeficillI)"s option. ADy application of proceids to principal sh8I1 not extend or po8tpC!ne the due date of the lICheduled payment nor ~e the amount of any pa~. ADy exce&a will be paid to the Gralltor, If the Property is lICQIlired by Bef1eficiary, Trustor's right to any insurance policies and proceeds resulting from da,mage to the Property before the acquisition shall pass to Benef1cillI)' to the extent of the SecuredDebt Imm..niuely 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 ADDmONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any financial statement or infonnation Benefi~ may deem. reasonably necesaary. Trustor agrees to sign, dehver, and file any additi.Onal.documents or certificatt. 'ODS that BcneficillI)' ~ consider ~ to perfect, continue, and presetve Grantor's obligations under this Security Instrument and BeneficillI)' s lien status on the Property. 22. JOINT AND INDIVIDUAL LIABILITY; Co-sIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security InstnnneDt are joint and individual. If Trustor si8J!ll this Security Instrument but docs not sign an evidence of debt, Trustor does 80 only to mortgage Trustor'a interest in the Property to secure payment of the Secured-Debt and Trustor does not agree to be ~na1ly liable on the Secured Debt. If this Security InstnnneDt secures a guaranty between BeneficillI)' and Trustor,. Trustor agrees to waive any riJdlts that may prevent BenefielIII)' from bringing any action or claim against Trustor or any part)' indebted under the obngatlon. 'I'lieie rights may include, but are not limited to, any anti-deficicncy or one-action laws. Trustor ~rees that Beneficiary and any party to this Security Instrument may extend, I!1Odify or make any change in the terms of this Security Instrurilent or any evidence of debt without Trustor's consent. Such a change will not release Trustor from the terms o( this Security InstrUment. The duties and benefits of this Security Instrument sliall bind and benefit the successors and assigns of Trustor and Beneficial. 23. APPLICABLE LA "J SEVERABILITY' INTERPRETATION. ThiB Security Instrument is governed by the lawa of the jurisdiction in which Heneficiary is l~, except to the extent otherwise required b~ the laws of the jurisdiction where the Pro~ is located. This SecUrity Instrument 18 complete and fully integrated. This Security In8tnlInent may not be aminded or modified by oral agreement. ADy section in this. Security lnstrutDent, afh."hmf'!l11S, or any agreeDlCllt telated to the Secured Debt that conflicts with applicable law will not be effective, unless that law ex~y or jnipliedly permits the variations by' written agreetneI1t. If any section of this Security Instrument cannot be enfoiced according to its terms, that section will be severed and wllloot affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular sball include the plural and the plural the singular. The captions and beadings 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. BeneficJary. at Benefic=' 's option, may from time to time remove Trustee and appoint a successor trustee with~ other forinality than the . 'on in writing. The sucoessor trustee~wiili.out conveyance of the Property . shall s to all the title, power and uties conferred upon Trustee by this i:leC\Iflty InstrwiIent and applicable l8.w, 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 p'arty' s address on page 1 of this Security Instrunient, or to any ottier address designatea 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 waives all appraisement and homestead exemption rights relating to the ProPertY. 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument: o 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 Instrument will remain in effect until released. o Construction Loan. This Security Instrument secures an obligation incurred for the coDJtruction of an improvement on the Property. o FIxture Filing. Trustor grants to BeneficillI)' 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 Inst:ruInlmt suffices as a flDllDCing statement and any carbon, photographic or other reproduction may be ftled of record for pwposes of Article 9 of the Uniform Conunerclal Code. D Riden. The covenants and agreements ofeacl1 of the riders cbecked below are incorporated into and suppletnent and amend the terms of this Security Instrument. [Check all applicable boxes] o Condominium Rider 0 Planned Unit Development Rider 0 Other _____.__..............______________................._. o Additional Terms. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. ~~..m~OiF-41~~e~l ACKNOWLEDGMENT: STATE OF tubI1UlQ________________________.............. . COUNTY OF !'.I!!!I.................._._...._............................... }ss. 'Ibis instrument W31 acknowledged before me tbis:l,~~__________...__ day of ~!':g._~9_QJL__._____________m................. ~y~=i:~~~:o/i~~ro.~......~~.-..-:::..:..._..._._-_-_-_._..._._-_._-_-_-_._ IN....,. Public) QndlvlUl) Chad. ..1.011. Exf5Eii'ti: 0 '884 _kono SvwtoPuo. lno.. $to CloLOd, loiN Form RE-DT-NE '/3012002 CSL.c1eeINEII0301I ~ GENERAL NOTARY. State of Nebraska ]M CHAD NELSON My Comm. Exp. Sept. 18, 2010 (psgs 4 of 4)