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201�0$1�7 Unless otherwise agreed in writing, all insuran.ce proc�ds 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 procceds 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 Properiy is acquired by Bene�ciary, Trustor's right to any insurance policies and proceeds resulting from damage to the Property before t�e acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition. 20. ESCROW FOR TAXES AND INSiJRANCE. Unless otherwise pravided in a separate agreement, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPURTS AND ADDITIONAL DOCUMENTS. Trustor will ravide ta Bene�ciary upon request, any financial statement or information Beneficiary may deem reasonably necessary. �rustox agrees to sign, deliver, and file any additional documents or certifications that Beneficiary maY consider necessary to perfect, continue, az�d preserve Grantor's obligations under this Security Instrument and Beneficiary s lien status on the Property. 22. JOINT AND INDIVIDUAL LIABII.ITYr CO-SIGNERS; SLTCCESSORS AND ASSIGNS BOLJND. All duties under this Security Instrument ar� joint and individual. If Trustor signs this Security Instrurnent but does not sign an evidence of debt, Trustor does so only ta mortgage Trustor's interest in the Property to secure payrnent of the Secured Debt and Trustor does not agree tp be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between $eneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or any �arty indebted under the obI'igation. These rights may include, but are not limited to, any anti-de�ciency or one-action laws. Trustor agrees that Beneficiary and any part�+ to this Security Instrument may extend, modify or malce any change in the terms of this Security Instrurnent or any evidence of debt without Trustor's consent. Such a change will not release Trustor from the texms of this Security Instzument. The duties and benefits of chis Security Instrument shall bind and benefit the successors and assigns of Trustor and Beneficiary. 23. APPLICABLE LAW SEVERABILITY• IIVTERPRETATION. This Security Instrument is govemed by the laws of the jurisdiction in which �eneficiary is locatec�, except to the extent otherwise requlred by the laws of the jurisdiction where the Praperty is located. This Security Instrument is complete and fully integrated. This Seeurity Instrument may not be amended or modi�e�l by oral agreement. Any section this Security Instzvment, attachments, ar anq agreernent related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly pernuts the vaziatians by written agreement. If any section of this Security Instrument cannot be enforced accordmg to its terms, that section will be sever� and will not affect the enfarceability of the remainder af this Security Instrurnent. Whenever used, the singular sha11 include the plural and the plural the singular. The captions and headings af the sections of this Security Instrument are for convenience only and are not to be used to interpret oar de�ne the terins of this Security Instrument. Time is of the essence in this Security Instrument. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary 's option, .may . from time to tinne rernove Trustee and appoint a successor trustee without any other formality than the designatron m wnting. The successor trustee, without conveyance of the Pxoperty, shall succeed to all che title, power and duties conferred upon Trustee by this Security Instrument and applicable law. 2S. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by rnailing 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 w�riting. Notice to one trustor will be deemed to be notice to all trustors. 2b. WAIVERS. Except to ihe extent prohibite� by law, Trustar waives all appraisement and homestead exemption rights relating to the Property. 27. OTf�R TERM.9. If checked, the following are applicable ta this Security Instrument: [] Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt rnay be reduce� to a zero balance, this Security Instrument will remain in effect until released. � Constcuction Loan. This Security Instnunent secures an abligation incurred for the constructian of an improvement on the Property. �] Fixture Flling. 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 Instnunent suffices as a financing staternent and any carban, photagraphic or other reproduction may be filed of record for purposes of Article 9 of the Unifarm Commercial Code. � Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the tern�s of this Security Instrument. [Check all applicable boxes] � Condorninium Rider � Planned Unit Development Rider 0 Other __________________..__...._____ � Additional Terms. SIGNATURES: By signing below, Trustor agre�s to the ten�ns azad covenants contained in this Security Instrument and in any attachments. Trustor a�so acknowled$es re�eipt of a copy of this Security Instzwment on th�e date stated on page 1. � , �d-z�/� � �. ---------------- --------- -- ---------- -- --- --- ---- -- ------------��-. (s�g�ac�re> J o h n M Me h r i n g (nate> (s�g�an,�e> n i M e r i n g (nace> ACKNOWLEDGMENT: STATEOF_ _________ , COUNTYOF Hall_ __T____T----------------- }ss. �'"�`"'�� This instrument was acknowledged before me this 2 9 t h_ ______ day of 0 c t o b e r 2 O 10 ________ b John_M Mehrin Raini Mehrin _ _ --_______ Y _ _-------�� --- --------- a- H��l�s1n�- �n -fe ------------------------ • My cornmission expires: �5'- 1 �/ GENERALNpTARY-StateofNebraska ----___.._____________________________ KEVIN O7`fMAN (Notary Fub►;c) "' MyComm.6cp.May19,2p13 Kevin Ottman 0 199a Wolters Kluwer Financial Sarvicas - Bankars SystemsTM Form FE-DT-NE 12/15/2006 (pag�e 4 of 4J VMP�-C7B51NE) (o7oe1