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-� :�.a � 2oioos42s zo. 21 22. 23 24. 25. 26. 27. Unless otherwis� a�reed in writing, all insurance proceeas shall be applied tn the restoration or repair, of the Property ar to the Se.cured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not extend nr postpone tt►e duu clate of th� scheduled payment nor change the amount of any payment. Any excess will be paid to the Grancor. Ifthe Prnperty is acquired by C3eneficiary, Trustor's right to any insurance policies and proceeds resulting from damage to the 1'roperty be:fore the acquisition shall pass fp F3eneficiary to the extent of the Secured Debt immediately before the acyuisition. �SCROW FOR "1'AXFS AND INSLIILANCE. Unless otherwise provided in a separate agreement, Trustor will not be rGyuired to pay to Beneficiary funds for taxes and 'uisurance in escrow. FINANCIAL REPORTS ANU ADDI'1'IONAIa DOC[JMENTS. '1'rustor will provide ta Beneficiary upon request, any financial statement or informadon Bencf'rciary may deem reasonably necessary. Trustor agrees to sign, deliver, and file any additional documents or ccrtifications [hat Beneficiary may consider necessary ta perfect, continue, and preserve Grantor's obligations under this Security instrument and Beneficiary's lien status on the Property. JOINT AND INDIVIDUAL I.IABILITY; CO-SIGNERS; SUCCESSORS AND 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 Trustor's interest in tlie Property to secure payment of the Secured Debt and Trustor does not agrec to be personally liabl� on the Secured Debt. Tf this Security Instrument secures a guaranty between �3ene�iciary and Tnistor, 7'rustor agrees ta waive any righis ihat rnay preveat Beneficiat'y frcim brin��;- a�y�et�tt2-ot'�la�n againsC Trustor or any party indebted under the oUligation. These rights may include, but are not lirnited to, any anti-deficiency or onc-action laws. Trustor agrees that Beneficiary and any party to this Security Instrument may extend, modify or rnake any change in the terms of [his Securily Instrument or any evidence of debt without Trustor's consent. Such a change will not release '1"rus�or from the terms of �1iis Security Instrument. The duties and benefits of this Securiry Instrument shall bind and benefit the suc;cessors and assigns of "I"rustor and Ben�ficiary. APPLICABLE LAW; SEVERABILITY; IN'1"ERPRETA"1'ION. This Security Instrument is governed by the laws af the jurisdictinn in which I3eneficiary is located, except to thc extent otherwise required by the laws of the jurisdiction where fhe Property i� lncated. This Security Instrunient is complete and fully integraCed. This Security Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, affachrnents, or any agreement related to the Secured Deb[ that contlicts with applicable law will nnt rie effective, unless that law expressly or impliedly permits the variations hy written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that section will bc: severed and will not affc:ct the enforceahility of the remainder of this S�curity Instrument. Whenever used, the singular shall includc the plural and the plural the singular. 'I"h�: 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. 1'ime is of the essence in this 5ecurity lnstrument. SUCCESSOR TRUSTEE. Beneficiary, at BenCficiary's option, may from time to time remove Trustee and appoint a successor trustee without any othtr fortnality than the designation in writing. The successnr trustee, without conveyance of thc Property, shall succeed to all the ti[le, power and cluties conferred upon Trustee by this Security Instrument and applicable law. NOTICE. Uriless othcrwise 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 1 of this S�curity Instrument, or to any other address designated in writing. Notice to one trustor will be deemed to be nntice to all trustors. WAIVEIiS. Lxcept tc� tlie extent prol'�ibited by law, '1'rustor waives all appraisement anct liomestead exemption rights relating [o the Property. OTHER TERMS. If checkecl, the following are applicable to chis Security Instrument: ❑ Line of Credil. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a zero balance, this Security lnstrument will remain in effect until released. ❑ Construction 1�oan. This Security Instrument secures an obligation incurred for the construction nf an innprovement on the Property. ❑ Fixture Filittg. Trustor grants to Bcneficiary a security interest in all gnods that Grantor owns now or in the future and that are or will become fixtures related to the I'rope;rty. This Security Tnstrument suffices as a financing staterrrent and any carbon, phocc�graphic or other reproduction may be filed of record for purposes of Article 9 of the Uniform Cc�mmercial Code. �1 Riders. The covenants and a�;reements of each of the riders checked below are incorporated into and suppletnent and amend the terms of this Security Instrument. (C'heck all applicable boxes] ❑ Condominium Ridc:r [.1 Planned Unit llevelopmcnt Rider ❑ Other ...............:.................................. ❑ Additional 'Cerms. SIGNATURES: By signing below, 1'rustor agrees ta the terms and covenxnts contained in this Security Instrurnent and in any attachments. 1'rustor also acknowled�es receipt of a copy of this Security Instrum�nt on the date stated on page 1. . .. . .. .�...�-,� ........................ r�.�� ............................................................................ (Signacure) ppTRICIA A. MOELLER (I)ate) (Sigriature) (Date) ACKN(7WLEDGM�NT: STATE OF I��RASKA ..................................... CO T"Y OF HALL............................................... } ss. ° ni 1 tv 1 '"��' This instrument was acknowledged before me this ...... . q........ day of ................I�OVEMBF.fi,.2P.1.Q. ............... by PATFtICIA.A, MD.��8. A S1NG�� P.ERSAN . . . . . . .......... ...... `. ....... ;....... ^� ...... �....:. . .� . . . . .� . . . . . . . .. . . . ..... . . My commission exprres: p8•3D•2o14 � n a' /, 0 E' (i)1994 6ankers Systems, Inc., St. Cloud, MN Form RE-�T-NE 1 • �� �� TERESA PICHLER 12 .......-.... (Notary Public) (page 4 af 41 �