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201008701 Unless otherwise agreed in writing, all insurance proceeds shall be applied lo the restoration or repair of the Properly or io the Secured llebt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not cxtend or postpoue the due date of the scheduled payment n�r 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 palicres and proceeds resulting from d�►mage to the Property before the acquisition shall pass to BenEficiary to the extent of the Secured Debt imrnediately befare the acquisition. 20. ESCROW FOR TAXES AND INSURANCE. LJnless otherwise provided in a separaie agreerr�ent, Trustor will not be required to pay to I3eneficiary funds for taxes aud insarance in escXOw. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trutitor will provide to Beneficiary upon request, any financial statemenl or iuformation Beueficiary may deem reasonably necessary. Trustor agrees to sign, deliver, and file auy additional documents or cerlifications that Beneficiary may consider necessary to perfect, continue, and preserve Grantor's obligations under this Securiry Instrurnent and Beneficiary's lien status on the Property. 22. JO]NT AND INDNIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASBIGNS BOUND. All duties under this Security Instruanent are joint and individual. If Trustor signs this Security Instrurnent but does not sign an evidence of debt, Trustor does so only lo mortgage Trustor's interest in the Propert.y lo secure paynczept of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Securily Instrumeut secures a guaranty between Beneficiary and Trustar,.-Tn�ator egrees to waive any rights that may prevent Peneficiary frorn bringing any action or claim against Trustor or any party indebted nnder the obligation. These rights may include, but are uot limited to, any ant.i-deficiency or one-actian laws. Trustor agrees that Beneficiary and any parly tc> this Security Instrument may extend, modify or make any change in the tetxtis of this Security Instrument ar any evidence of debt without Trustor's consent. Such a chan�e will nnt release Trustor from the terms of this Security Instrurnent. The duties and benefits of this Security Instrument st�ll bind and benefit the successors and assigns of Trustor and Beneficiary. 23. 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 of the jurisdiction where Che Property is located. This Security Instrument is complete and fully iutegratcd. This Securily Instru.menl may noi be ainended or modified by oral agreernent. Any section in this Security lnslrument, attachrnents, or any agreement related to the Secured Debl that contlicts with applicablc law will not be effeclive, unless that law expressly or unpliedly penuits the variations by written agreemeni. If any section of this Security InstruznenC cannot be enforced accordipg to its terms, that section will be severed and will not affect the enforceability of the remainder of this Security instruttient. Whenever used, the singular shall include the pinral 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 SecuKity Instrument. Tune is of the essence in Chis Security Instrurnent. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor trustee without any other formality than the desigrution in writing. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred npon Trustee by this Security Instrumenl and applicable law. 25. NOTICE. Unless otherwise required hy law, any notice shall be giveu 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 lo any other address designated in writing. Notice to one trustor will be deemed to be notice to all trustors. 26, Wt�,][VE��. Except to the extevt prohibited by law, Trustor waiv�s all appraiseinenl and hamestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the followin� are applrcable to this Security Instruiuenl: ❑ Line of Credit. The Secured Debt includes a revalving line of credit provision. Although [he Secured Deht rnay be reduced to a zero balance, this Securily Instrument will rernain in effect until released. ❑ Canstruction Loan. This Securily lnstrumeni secures an ohligation incurred far lhe consiruciion �f an improvernent on the Property. ❑ Fixture Filiug. Trustor grants to Benefici�►ry a securiiy rnterest ia all goods that Granlor owns now or in the fuiure and that are or will become fixtures rel�►led to the Property. This Security Instrumenl suffices as a financing statement and any carbon, photographic or ocher reproduction itiay be .filed of record for purposes of Article 9 of the Uniform Commercial (:ode. ❑ Riders. The covenants and agreements of each of lhe riders checked below are incorporated into and supplement and arneud the tcrn�s of this Security Instrument. [Check all applicable boxes] ❑ Condotninium Rider ❑ Planned Unit Development Rider ❑ Othcr .................................................. ❑ Additional Terms. SIGNATURLS: �y signing below, Trustor a.gr�es !o the lerms and �:avenants r.,ontczinr..d in this :iecurity Instruzn�nt and in auy attachments. Trustor also acknowledges receipl of a copy of this Security In.strument on the date stated op pa�e 1. .......... .. ... .. . . . .�. ....... ........Q-.�.-. �(C1........... .�. ��. � ��.Q�,...........� -�-�?I 0 �si�acure> Nathan A. Brabec (Date) (s��,ature� Miranda K. Brabee (�a�) ACKNOWLEDGMENT: sTATE oF Nebra�ka . . . . . . . . . . ... . .. . . . . . . . . . . . . . ... . . . . . COUNTY �F �uffalv. . . . . . .. . . . . . . . . .. . . . . . . . . ....... , ..... } ss. � This instrument was acknowledged before me this . . . . . �.7`.�. .. . . . . day of .... 5�,..... z-�" � � ...... . . . by Na�hara.A,.Bra4ec;.Miranda K� �r.aba.�,. Husb.and. and.Wifa .... .. . ................. ... . ................. .. ......................... . My commission expires: GENERA� NOTARY State of Nebraska . . . . . �. . .� : . . .��.•..� . . . . . . . . . . . .................. III ROC)NEl( M. PETERS `' (�vo�ary eut�lic) � OO 1994 8ankar .,��.��J�(pF�� aQ�y/ /2002 (paqe 4 of 41 :� � '� I� � �; i�' a