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201005688 Unless otherwise agreed in writing, all insurance proceeds shall be applied 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 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 Property is acyuired by Rene iciary, "I'rustor's right to any insurance policies and proceeds resulting from damage to the Property before the acymsrtion shall pass to Beneficiary to the extent of the Secured Dcht immediately before the acquisition. 20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, 'l7ustor will not he required to pay to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL llOCUMENTS. Trustor will ~rrovide to Beneficiary upon rcyucst, any financial statement or information Beneficiary may deem reasonably necessary. I rustor agrees to sign, deliver, and file any additional documents or certifications that Beneficiary ma~ consider necessary to perfect, continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary s lien status on the Property. 22. JOINT AND INDIV1llUAL LIABILITY; CO-SIGNERS; SUCCESSORS ANll 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'1'rustor's interest in the Property to secure payment of the Secured Debt and "Trustor does not agree to be personally liable on the Secured Deht. It this Security Instrument secures a guaranty between Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against '1'ruslor or any party indebted under the obligation. These rif;hts may include, but arc not lunitcd lo, any anti-deficiency or one-action laws. 'Trustor agrees that Beneficiary and any party to this Security lnstrumcnt may extend, modify or make any change in the terms of this Security Instrument or any evtdcncc of debt without Trustor's consent. Such a change will not release Trustor from the terms of this Security Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of'1'rustor and Beneficial. 23. APPLICABLE LAW; SF,VERABILTTY; IN'rERPR.ETATiON. This Security Instrument is governed by the laws of the jurisdiction in which Beneficiary is located, except to the extent otherwise reyuired 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 lnstrumcnt, attachments, or any agreement. related to the Secured Debt that conflicts wrth applicable law will not he effective, unless that law expressly or impliedly permits the variations by written agreement.. If any section of this Security Instrument cannot he enforced according to its terms, that section will he severed and will not affect the enforceability of the remainder of this Security Instrument. 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 InstrwnCnt. 24. 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 deli nation in writing. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and ~utics conferred upon Trustee by this Security Instrurent and applicable law. 2S. NOTiCF.. Unless otherwise required by law, any notice shall he given 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 designated in writing. Notice to one trustor will be deemed to be notice to all trusters. 26. WAIVERS. F,xcept to the extent prohibited by law, Trustor waives all appraiscmcnt and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument: ~ Line of Credit. The Secured Debt 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 Lnan. 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 that Grantor owns now or in the future and that are or will become fixtures related to the Property. This Security Instrument suffices as a financing statement and any carbon, photographic or other reproduction may he filed of record for purposes of Article ~ of the Uniform Commercial Code. 0 Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement. and amend the terms of this Security Instrument. Check all applicable boxes] 0 Condominium Rider 0 Planned Unit Development Rider ~ Other 0 Additional Terms. SIGNATURES: By sigi ' ~g below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any attar cots. Trustor ~ ,_ acknowledges receipt of a copy of this Security Instrume on the date stated on page 1. (Signature) Stephen C. Joel (Signal Li da L. Joel (Signature) (Date) (Signature: (Date) ACKNOWLEDGMENT STATI; OH' _ _ Nebraska - . _ _ _ . , COUN"I"Y OI~' Lancaster }ss. cl"`I'""I"'~li This instrument was acknowledged before me this5_th _ _ _ _ _ _ _ _ day of August, 2010 _ --- by ~ St, e~hen C. Joel and Linda L. Joel husband and w' -- -_-,.. My commission expires: 0~1 / 21 / 2 013 r~ '~1 - - e ofNebraska - wr -t- - ~ "V - - ~~ GENERAI.NOTARY•5tat (Notary Public) III SAMANTHA ECKWARD'1' MyCornm.Gxp.Apri121,30t3 Sam tha Eckhardt ~~~'^ Q 1994 Bankers Systems, Inc., 51. Cloud, MN Form RE-07•NE 1/30/2092 (page 4 of 4) -C165(NE) i9soti Loan Number 10-07-000391 S165NE (01/10)