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200909021 Unless otherwise agreed in writing, all insurance proceeds shall be app lied 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 ar postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be aid to the Grantor. If the Property is acquired by Beneficiary, Trustor s fight to any insurance licies and proceeds resulting from damage to the Property before the acquxsxtian shall pass to Ben~ficiazy to the extent of~e Secured Debt immediately before the acquisition: 20. ESCROW FOR TAXES AND INSURANCE. Unless. otherwise provided in a separate agreement, Trustor will rat be required to pay to Beneficiary funds for taxes and insurance in escrow 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. T~ustox will provide to Beneficiary upon request, any financial statement or information Beneficiary may deem reasonably ecessary. T`rustar agrees to sign, deliver, and file any additional documents or certifications that Benefictazy may consider ecessary to perfect, continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary s lien statu~ on the Property. 22. JOINT AND INDIVIDUAL LIABIL1TYr CO-SIGNERS; SUCCESSORS AND ASSIGNS SOUND. All duties under this.5ecurity Instrument are joint and indivtdual. If Trustor signs thi Security Instrument but does not si an evidence of debt, Trustor does so only to mortgage Trustor's interest in the Property to secure ayment of the Secured~ebt and Trustor does not agree to be personally liable on the Secured Debt. If t~is Security instrument secures a guaranty between Beneficiary and Trustor, Trustor agrees to waive any xi is that may prevert Beneficiary from bringing any action or claim against Trustor or any party indebted under the obli ation. Thee rights may include, but are not limited to, any antt-deficiency or one-action laws. Trustor agrees that )~eficiary and any party to this Security Instrument may extend, modify ar make any change in the terms of this SeLVrit Instrumen or any evidence of debt wtthaut Trustor's consent. Such a charge will not release Trustor from the terms t?fythis Securi Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Trusts , and Beneficial. 23. APPLICABLE LAW SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the urisdiction in which l~ieneficiary is located, except to the extent othe se required b the laws of the jurisdiction where the ~rapexty is located. This Security Instrument is complete and fury integrated. This Security Instrument may not be amended ar modiSed by oral agreement. Any section in this Securit Instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effect ve, unless that law expressly or impltedly permits the variations by written agreement. If an section of this Setauit Instr t cannot be enforced according to its terms, that section will be severed and will not affect the enforceability v~ the x mainder of this Security Instrumenk. 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 mterpr or define the terms of this Security Instrument. Time is of the essence in this Security Instrument. 24. SUCCESSOR TRUSTEE. Benebciazy, at Senehiciarq's option, y from time to time remove Trustee and appoint a sucxessor trustee without an other formality than the designation m cling. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties co erred upon Trustee by this Security Instrument and applicable law. 25. NOTICE. Unless otherwise required by law, any notice shall be give by delivering it or by mailing it by. first class mail to the appropriate party's address on page 1 of this Security Instrument or to any other address designatedd to writing. Notice to one trustor wtll be deemed to be notice to all trustors. 26. WAIVERS. Except to the extent prohibited by law, Trustor wai relating to the Property. 27. OTHER TERMS. If checked, the following aze applicable tv this S 0 Line of Credit. The Secured Debt includes a revolving line reduced to a zero balance, this Security Instrument will retina ~ Construction Losn. This Security Instrument secures improvement on the Property. 0 Fixttue Filing. Trustor grants to Beneficiazy a security inter and that are or will become fixtures related to the Propt statement and any carbon, photographic or other reproducti the Uniform Commercial Code. ~ Riders. The wvenants and agreements of each of the rider and amend the terms of this Security Instrument. [Check all ~ Condominium Rider 0 Planned Unit Development I ~ Additional Terms. all appraisement and homestead exemption rights Instrument: credit provision. Although the Secured Debt may be in effect until released. obligation incurred for the construction of an in all goods that Grantor owns now or in the future . This Security Instrument suffices as a financing may be filed of record for purposes of Article 9 of checked below are incorporated into and supplement pliable boxes] let Q Other _ _ _ _ _ _ _ SIGNAT S: By signing below, Trustor agrees to the terms and coo ants contained in this xity Instrument and in any attachmen .Trustor alsowledges receipt of a copy of this Security nstr t o ,the dot ated on page 1. (Signature) Vernon Penal (Signs re) Patricia Penal (Signature) (Date) (Signs re (Date) ACKNOWLEDGMENT: STATE OF__~I~t?r~1ctl__________________ , COU OF Hall_____________----______---__ }ss. ~1ndividuv1t This instrument was acloaowledged before me thisloth _ - _ _ _ ay f Navem»er_ ~2U09 _ _ ~_ _ _ _ _ _ _ _ _ _ _ by VPrnnn Pnnus rind P~tririn t~en9 My commission expires: ~~ GENERAL NOTARY- State of Nebraska LARRY WILMELMI ~-~* My Gomm. Exp. Feb. 6, 20111 - - (Notary Public) ~~M Q` 1884 llanker8 SyatBata, Inc., St. CIOUtl, tAN Form R&~T-Nti t/3U/2tl02 , (page 4 Df 4) ~C16S(Nq rosat) loan Number 0l~tt-p~D048 i