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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 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 INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be
<br />required to pay to Beneficiary hinds for taxes and insurance in escrow.
<br />21. FINANCIAIa REPORTS AND ADUITIONAh 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 INDiVIDUAh 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 />"I"rustor does not agree to be personally liable on the Secured Debt. If this Security lnstrument secures a guaranty between
<br />Beneficiary and Trustor, Trustor agrees to waive any rights Chat 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 Tntstor'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. "I"his 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 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, power and duties conferred upon Trustee by this Security lnstrument 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 extent prohil3ited- ~y li~w, Trustor waives all appruisement and homestead ~m}~tion rights - - - . .
<br />relating to the Property.
<br />27. OTIICR TERMS. if checked, the following are applicable to this Security lnstntment:
<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 />Q Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement
<br />on the Property.
<br />^ Fixtare 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 checked below are incorporated into and supplement and
<br />amend the terms of this Security Instrument. C:Check all applicable lx~xes]
<br />C~7 Condominium Rider ^ Planned Unit Development Rider ^ Oiher ..................................................
<br />^ Additional Terms.
<br />SIGNATURES: By signing beloru, Trustor agrees to the terms. and covenants contained in-.this Security Instrument and in any
<br />attachments. Trustor also ac nowledges receipt of a copy of this Sec trity Instrument on the date stated on page I.
<br />(Signature) MARK R. H00 (llate) (Signature) MICHELLE L. 0 (Date)
<br />ACKNOWLEDGMENT:
<br />STATE OF I~EORASKA ..................................... CC
<br />°nd.vWa,U This instrument was acknowledged before me this .... , ,
<br />by MARIS.R..HAAS:.MICH~l,I,~L.HOAS..Ni1S0ANp.AN0.1N1F~.........~
<br />My commission expires: 08.311.2A1p
<br />" OF HpI.G ...............................................} ss.
<br />...... day yf ...................JUNE.2Ag9...................
<br />
<br />~M ©199G Bankers Systems, Inc., 9t. Cloud, MN Form RE- T-NE 1
<br />GENERAL NOTARY State of NeOraslal
<br />TERESA PICHLER
<br />M Comm. Ex . Au . 30, 2010
<br />PICHLER
<br />.. ,.....,...... r,- ............................. .
<br />(Notary Public)
<br />(Page ~ of ~/
<br />
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