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2oososs~s 20. 21. 22. 23. 24. 25. 26. 27. Unless otherwise agreed in writing, all insurance proceeds shall he applied to the restoration or repair of the Property or to the Secured I)eht, 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 Properly is acquired by Beneficiary, Trustor's right U) any insurance policies and proceeds resulting from damage w the Property before the acquisition shall pass to Beneficiary to the extent of the Secured llebt immediately before the acquisition. ESCROW FOR TAXES AND INSURANCE. Clnless otherwise provided in a separate agreement, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. FINANCIAL REPORTS AND ADDTTIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any financial statement or information Beneficiary may deem reasonably necessary. '1'ruswr 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. JOINT AND INDIVIDUAL LIABILTTY; 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 Trusior's interest in the Property to secure payment of the Secured Debt and Trustor does not agree to be personally liable ou the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Trustor, Trustor agrees w waive any rights that -nay prevent Beneficiary from bringing any action or clone against Trustor or any party indebted under the obligation. These rights inay include, but are not limited tn, 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 teens of this Security Instrument or any evidence of debt. without Ttustor's consent. Such a change will not release Trustor from the teens of this Security Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of 'Trustor and Beneficiary. APPLICABLE LAW; SEVERABILTTY; INTERPRETATION. 'flits Security Instrument is governed by the laws of the jurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where the Property is located. This Security Instrument is complete and fully integrated. This Security Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless chat law expressly or impliedly permits the variations by wri[ten agreement. if any section of this Security Instrument cannot he enforced according to its teens, shat section will be severed and will not affect the enforceability of the remainder of ibis Security Iustruznent. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings 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. 'l'ime is of the essence in this Security Instrument. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to lime remove Trustee and appoint a successor trustee without any other formality than the designation in writing, The successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and applicable law. 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 parl.y's address on page 1 of this Security instrument, or t.o any oilier address designated in writing. Notice to one trustor will be deemed io be notice to all trustors. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisemcnt and homestead exemption rights relating to the Property. OTHER TERMS. If checked, the following are applicable to this Security Instrument: ^ Line of Credit. The Secured Deht 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. ^ Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. ^ Fixture Filing. Trustor grants to Beneficiary a security interest in all goods chat Grantor owns now or in the future and that are or will become fixtures related w the Property. This Security Instrument suffices as a financing statement and any carbon, photographic or other reproduction. may be filed of record far purposes of Article 9 of the Uniform Commercial Code. ^ Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the terms of this Security Inst.ruznent. Check all applicable boxes] ^ Condominium Rider ^ Planned LJnit Development Rider ^ Other .................................................. ^ Additional Terms. SIGNATURES: By signing below, Trustor agrees to the teens and covenants contained iu this Security Instrument and in any attachments. 'Trustor also acknowledges receipt of a copy of this Security Instrument on the date slated on. page l . ...................~:................ .......~t-~-~Q....~~ ............................................ (S;gpature) Nathan A. Brabee (l)ate) (si~cature> Miran a K. Bra ec (llate) "^ ©i 9 'I s a nc~.~cfd" ~n]W" ~~r Sp - T-NE i raorzooz (page 4 of 4) ~y 1, rn. ~. I~i{-~111117, ~7~ ACKNOWLEDGMENT: 1. t- .} STATE OP Nebraska ...................................... COLJNTY OF ........... H.!~.................................. ss. (c"a'";`'°~~ 'Phis instrument was acknowledged before me this ........2nd........ day of ............... Noxember, .20.Q9................ by Naxhan.A..~rahet:;.Miranda K.. ~rabe~,. Husband. and.lfllit~ ........................................................................ . My commission expires: ........:~. ~ a ~ ............................. . GENERAL NOTARY Stab; of Nebraska (NolHry t'nUlic) ..~~_.~~