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• 201002352 •
<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 Che 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, Truster will not be
<br />required to pay to Beneficiary funds for taxes and insurance in escrow.
<br />21. FINANCLa,L REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon requcsC, 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 Instrumeat but does not sign an evidence of
<br />debt, Truster does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and
<br />Trustor does not. agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between
<br />Beneficiary and Trustor, 'Trustor agrees to waive any rights that may prevent i3cueficiary 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 $eneficiary and any party to this Security Instrument may extead,
<br />modify or make any change in the terms of this Security Instrumeat or any evidence of debt without '1"rustor'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 Truster and Beneficiary.
<br />23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is gc>veraed 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 canaot 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 $eneficiary's optioa, may from time w time remove Trustee and appoinC 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 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
<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 truster will be deemed to be notice to all trusters.
<br />2ti. WAi~ERS, t~xccpt to the extent prohibited by law, i'rustor waives all appraisement and homestead exemption rights
<br />relating to the Property.
<br />27. OTHER TERMS. If checked, the following are applicable to this Security Instrument:
<br />^ Liine 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 improvement
<br />on the Property.
<br />© Fixture Filing. Truster 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, [Check all applicable boxes]
<br />^ Condominium Rider ^ Planned Unit Development Rider ^ Other .................................................:
<br />^ Additional Terms.
<br />SIGNATC~"u:-By signing below, Trustor agrees to:the terms anci~covenants contained in thib 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 />............................. Q...... ........................~rzZ~.I ~....... /~............ ~ ........ .........:.......... 3 tz.z.r ~.~
<br />(Sigpature) Christine A. 5tarostka (Date) (Sigiature) David L Starostlca (Date)
<br />ACKNOWLEDGMENT:
<br />STATE OF Nepr;tska ............. . ........................ . COUNTY OF .... I.?.4t..~~..................................... } ss.
<br />cI"~'""i°~~ This instrument was acknowledged before me this ........22nd....... day of ...................MarFh..201P..............
<br />.....
<br />by l~hristine.A, ~t~rastka, A Married.P.ersan...Dav3d..L... Starostka, ..a , maxried .pleasom .............................. .
<br />My commission expires: ~~~~~"_' ..... .. ....................
<br />.""r.. . flENERFtI' 7ARY= tub,,' f N8bra5Ra. .
<br />U ~ CMAFi~~~A~G MOYER
<br />M ©1994 Bankers Systems, Inc., St. Cloud, MN Fvrm RE-DT-NE 1 /30/2002 My Comm. Exp, Nov. 20, 2D10 (page 4 Df ~lJ
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