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<br /> Untess otherwise a�recd in v�rlting,nl!insurAnce proc.eeds shall be npplicd ta tlie restoration or repair of the Property "`
<br /> ur to the Sccuted Ucbt,whethce or not then due,et Lender's option.Any nppilcation of proa:cds to principal st�atl nut
<br /> extcnd ur SwslponP the due datz oP thc scheduled payment nor change the smounl of a�y pnyment.Any cxcess wiU be
<br /> wafd ta the Grantor. If the Pro�erty ts acquired by I.endcr,(3rantor's�tight ta �ny insurimcc: {x�itc:ics a�ld p�occcd:; --
<br /> resutting from daa�ag�ta the Prop:.rty bcfor� the ar.quisittan shnll pass to�.cnder to thc extent of the Sccurcd Debt
<br /> immediAtely befbre the Rc�uisition. ,
<br /> nnw�nu ru�a m�vz.+C ♦1�71f1�1►ICi D A (�`C T Gco o iap r �iAn�t in,�cr3nnrate aureement.(irantor wiU not
<br /> w� c.aa.nv�r rv�an��w.9.,..... ..J .T? Lr.........Ct�2_!�!f...�j?.7.---- �
<br /> be required to pay to I.endar funds for taKes and insurancc in escrow.
<br /> 21. FINANCIAL REP[DYt15 AND ADUITiONAL DtM:UM�;NT'9.C3rantor wtll providc to Lcndcr upon rcqucst,any
<br /> �nancial«tatement ar�nfarmation L,ender may decm reasonably necessary.Grantor agrees to slgn,deli��er,snd�le
<br /> any additionai da:uments or certiCcations tt�at Lender may consider nec�ssary ta perfect,contiaue:, and presorve
<br /> Grantar's obligations under this Security Instrument and Lender's tien status on thc Property.
<br /> 22. JOIN'T AND INUIVIDUAL LIASILITY;CO•SIGN�RS;SUCCESSOR5 ANU AS9IGNS SOUN�.All duti�:s
<br /> under this Security Instrument are joint and i�idivIdual.If Grantor signs this Security Instrumen3 but does not sign an _
<br /> evidencc of debt,orantor does so anly to e�ortgage �rantor's intcrest in thc Property to securc payment of the
<br /> Ser.ured Dcbt and Grantnr dces not agree to be personally liable on the Sscured Debt. If this�r,curity Instrument
<br /> secures a guaranty between Lender and�rantor,Grantor ugrees to waivc any dght��ihat mny prevent Lender from
<br /> bru�ging any actiou or cleim against Crantor or any party indebted under the obligation.These rights may include,but
<br /> are not limiteci to,any anti-defic3ency or one-action laws.Grantor egrees that Lender and any party to this Secwrlty
<br /> Ynstrument may extend,modlly or make any.chnnge in the terms of thu Securrity Inst�uracnt ar any cvidence o#debt =
<br /> without Grruitor's coasent. Such a change wall not release Grantor from the terms of this Security Instrument.The
<br /> duties and benefits of this Security Instrument shaU birtd and benefit the successors and essigns of�irantor and Lend�r.
<br /> 23. APPLICAB.LE LtiW;SEVERABILITY;II�i'TERPRETATION.This Security Instruinent is guverned by thc Inws of
<br /> the jurIsdictiun in which L.ender is located,except to the extent otherwtse required by the laws of the jurlsdiction
<br /> where the Property is located.'This Security Instrumeni is camplete and fuUy integrated.This Security Instrument may
<br /> not be Amended or modified by oral agreement. Any section in this Security Instrument,attachments, or any
<br /> agreement rclaled to the Secured Debt that conflicts with applicable Iaw will not be effective,unless thnt law expressly
<br /> or impliedly permtts th�vflsaations by written agrcement.If any section of this Security Instrument cannot I�e enforced
<br /> according to its terms,thAt section w►Il be se��ered and wiq not affect tbe enforceability of the remainder of this
<br /> 5ecurity Instnunent.�Vhenever used,the singular sha11 include the plural and the plural tt�e singalar.The ca;riions and
<br /> headings of the sections of this Security Instrument are for oorzveniene�only and are nAt to be used to interpret or
<br /> da�ne tt�e terms o�this Seeurity Instrument.'I'ime is ot we essence in[his Securiiy Insirumcni.
<br /> 24. Sf1JCCESSOR TRUSTE�.Lende�,at LendPr's �rtinn,may from time to time remove Trustee and appoi��t a
<br /> successor trustee without any other formaiitv than the des�gnation in writing. 'The successor tcustee,without
<br /> conveyance of the Property,shall suc;ceeil to�ill the title,power and duties confened upon Trustee by this Security
<br /> Instrument and applicablc law.
<br /> 25. NUTICE.Unless otl�envise required by law, aay notice shall be given by delivering it or by meiling it by �rst class
<br /> mail to tue appropriate party's adclress on pa.ge 1 of tteis Security Instrument,or to any other ad�ress designated'an
<br /> writing.Notice to one grantor wiU be deemed to be notice to aU grantors.
<br /> 2fi. R►AIV�Ii4.Except ta the extent prohibited by law,Grantor waives all appraisement and homestead exempltion rights
<br /> rcladng to the Property.
<br /> 27. O'IHER TF.RMS.If checked,the.following are applicable to this Security Insuvment:
<br /> �C Liae o[Credk.The Secured Debt includes a revolving line of credit provision.Although the Secured Debt
<br /> • may be reduced to a zcra balancc.this Security Instrument will remain in etfect until released.
<br /> ❑ Co�etractioe l.orn.This Security Tnstrumeat secures an obligation incurred for the construction af an
<br /> improvement+on the PrQperty.
<br /> ❑ Fixtun Fllia�,.Grantor granu to Lender n security interest in all goods that Grantor ovrns now or in the
<br /> future and that are or wiq become fixtures related to Yhe Property.This Security Ynstrument suffices as a
<br /> Cnancing statement an�any carbaa,photographic�r other repro�iuction may 6e filed of record for purposes
<br /> of E►cticte 9 ui'rnr,iJ,tliuiui i:e„t.:tcrcial C,c�c.
<br /> ❑ Ridere.Thc ccwenants and agreements af each of tlie riders checked below arc incorporated into and
<br /> supplemcnt an9 amend We terms of this Security Instrument.[Check all applicable boxes]
<br /> ❑Condomimium Rtder �Planned Unit Devclop:r�en4 Itider [7 Othe.r..........................................................
<br /> ❑ Additio�sl Ternu�.
<br /> SYGNATURE3:By sig�w�g below,Grantor agrees to thc tcrms and wvcnants contained in this Security Instrument and in
<br /> any attachments.Grantor also acknowledges receipt of a copy of this Security Instrament on the date state�i on page 1.
<br /> .. ....:�l�.......05/06I96 .. .. .:�:� ....... ...................05/08/9G
<br /> �•/n.��t (Ct. .�o wre� � ur�u�e�T „I�LIC�'
<br /> ���a""•:;�"j. .GAFiY G KEMMEl •— , •--�----' i..i rivco u ncm�.+c� - -
<br /> ACKNOWLEDCMIEN'I: N�BRASKA HALL
<br /> STATE OF. ...................CU�'�Y OF.....................MAY..........................'t'�g6'�:s.
<br /> .......................................�.
<br /> ���d��euaq Thi�il����i��(��`��ADESw���blIUS�AI�el1�1��1�IFE...................day Of...............................................................
<br /> . My cnmmission expires:.......................................... ..����.��........................ ..................................
<br /> (Noiury['ubitcj
<br /> �cENfRAI NOtANrshh�I Nebrn►a
<br /> SCOT[C.KISSAEk
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