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200908308
<br />Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property ar 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 pa ment 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 funds for taxes and insurance in escrow.
<br />21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will pprovide 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-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 Trustor
<br />does not agree to be personally liable on the Secured Debt. If flits 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, an
<br />anti-deficiency or one-achon 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 Trustar's consent.
<br />Such a change will not release Tnastor 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 to the extent otherwise required by the laws of the jurisdiction where the
<br />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. Time
<br />is of the essence in this Security Instrument.
<br />24, SUCCESSOR TRUSTEE. Beneficiary, at Beneficiaryy's option, may from time to time remove Trustee and appoint a
<br />successor trustee without any other formality than the desi nation 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 />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 to
<br />the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in writing. Notice
<br />to one trustor will be deemed to be notice to all trustors.
<br />26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisernent and homestead exemption 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
<br />improvement on the Property.
<br />~ 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
<br />the Uniform Commercial Code,
<br />~ Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement
<br />and amend the terms of this Security Instrument. [Check all applicable boxes)
<br />Condominium Rider ~ Planned Unit Development Rider 0 Other
<br />[~ 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 />ign re) Benjamin D Williams (Date) (Signature) Katherine I, Williams (Date)
<br />ACKNOWLEDGMENT: ,
<br />STATE OF ~~,~cc~5~a- ,COUNTY OF Hal]. }ss.
<br />uudiviauap ....-------------------
<br />This instrument was acknowledged before me this 16th day of October 2009
<br />by Benjamin_ A_ Williams, Katherine_L_Williamsi„~-1L+t_b~~~____~~_~_;_4~ -------------------- -
<br />My commission expires: /'C6 /a e20 ~" ~/~ ~„ ,~~
<br />~ GENEEiAL NOTARY - State of Nehraska _ _ _ _ _ ~/
<br />I KURT A. HAECKEii ------------------------------------ ___
<br />My Comm. Exp. March 12, 2012 (Notary Public)
<br />cQ 1994 Wolters Kluwer FlnanClal Services -Bankers SystemsYM Form RE•pT•NE 12!15!2008 /page 4 Of 4/
<br />VMP U-C955(NE) 107081 , , ~ .~ i . ' , ~' a e ~ '
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