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� � 201007943 20. 21 22 23 24. 25. 26. 27. 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 sch�duled payment nor change the amount of any payment. Any excess will be paid to the Grantor, If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resultizag from damage to the Property before the acquisition shall pass to Beneficiary to the extent af the 5ecured Debt immediately before the acquisitian. ESCROW k'OR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. �'INANCIAL REPORTS AND ADDITIONAL DOCLTMENTS. Trustor will pravide to Beneficiary upon request, any financial statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver, and file any additional documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Grantnr's obligations under this Security Instrument and Beneficiary's lien status on Che Property. JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrurnent are joint and individual. If Trustor signs this Security Instrument but does not sign an evidence of debt, 'I'rustor does so only to mortgage Trustar's int�rest in the Property to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the 5ecured Debt. If this Security Instrument secures a guaranty between Beneficiary and Trustor, T"rustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or any party indebted under the obligation. These rights may include, but are not limited to, arxy anti-deficiency or one-action laws. Trustor agrees that Beneficiary and any pa�ty to this Security Instrument may extend, znodify or make any change in the terms of this Security Instrument or any evidence 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 Trustor az�d �eneficiary. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the jurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws oP the jurisdiction where the Property is located. This Security Instrument is conaplete az�d �ully integrated. This Security Instrument may not be amended or modified by ox'al agreett�ent. Any section in this Security Instrument, attachments, or any agreement related to the Secured Debt that con.f]icts with applicable law will not be effective, unless that law expressly or impliedly permits the vaz'iations by wz'itten agreement. If any section af this Security Instrument cannot be enforced according to its terms, that section will be 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 Instrurnent are for convenience only and are not to be used ta interpret or define the terms of this Security Instrurnent. Time is of the essence in this Security Instrument. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor truste� without any other formality than the designation in writing. The successor trustee, without conveyance of the Property, shall succeed to all th� title, power and duties con Ferred 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 party's address on page l of this Security Instrumeat, or ta any other address designated in writing. Notice to one trustor will be deemed to be notice to all trustors. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Property. OTHER TERMS. If checked, the following are applicable to this Security Instrument: ❑ Line of Credit. Tkae 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 Loan. This Security Instrument secures an obligation incurred for the construction of an iznprovement on the Property. ❑ Fixture �'iling. Trustor grants to Beneficiary a security interest in all goods that Grantor owns now or in the future and that are or will becozne fixtures related to tk�e Property. This Security Instrument suffices as a financing statement and any carbon, photographic or other reproduction may be filed of record fvr 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 Instrument. [Check all applicable boxes] ❑ Cnndominium Rider ❑ Planned Unit Development Rider ❑ Other .................................................. ❑ Additional Terms. SIGNATUR�S: By signing below, Trustor agrees to the terms and covenants contained in this Securiry [nsirument and in any attachments. 'I"rustor also acknnwledges receipt of a copy of this Security Instrument on the date stated on page 1. � � ...... .�:�-�. ............... �U...� .. o .. .. . . . . ...cr.z'I . .............../.a.: �- /v ..... ........ (Sign ture) JACK L GOSDA (Uate) (S�gnature) � G �A (Date) ACKNOWLEDGMENT: � S'I"A'I'� OF ........L`l�......... g ...................... COUN"I'Y OP .. . � ...... ............... } ss. ................ (Individual) r "` � 'This instrument was acknowled ed bef re me this .... da of .. .. . . .......................... b ......��.�.4... L. G.r.......��un..... � � .�... . .. .............. ............................ . My commission expires: �p,� a� a� �a �� /� ^ i .... . .. . .... 4/�r.. Y.1-/�...� ........................ (Notary Pu I c) �"' � 1994 8ankers Systems, Inc., St. Cloud, MN Form RE-DT-NE 1130/2002 G�NERp,I. NOTARY-State of Nebraska (page 4 of 4J � CHRISTINA M. KQRT� `, My Comm. Exp. Fab. 27, 2012