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<br />Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or tn
<br />the Secured Debt, whether or not thea due, at Beneficiary's opCion. Any application of proceeds to principal shall pot
<br />exteud or postpoue the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid
<br />to th.e Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting
<br />fram damage to the Property hefore the acquisiCion shall pass to Beneficiary to the extent of the Secured D�bt iatimediately
<br />before the acquisition.
<br />20. ESCROW FOR TAXES AND INSURANCE. Unless atherwise provided in a separate agreem�tat, Trustor will not be
<br />required to pay to Beneficiary funds for taxes and insurance iu escrow.
<br />21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to $eneficixry upon request, any
<br />financial statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver, and file any
<br />additional documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Grantor's
<br />obligations under this Securiry Instrument and Beneficiary's lien status on the Property.
<br />22. JOINT AND INDNIDUAL LIABII.ITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOi7ND. All duties under
<br />this Security Ipstrument are joint and individual. If Trustor signs this Security Instrument but does not sign an evidence of
<br />debt, Trus�r dnes sn only to- mon;a�a� 'I'rustur's in.tere� in t�c s ropeny to secure pap�nertt of t�a.e '�..'ecuc�ed D�bt and
<br />Trustor does not agree to be pexsonally liable on the Secured Debt. If this Security Instrument secures a guaranty between
<br />Beneficiary and Trustor, Trustor agrees ta waive any rights that may prevent Beueficiary from bringing any action or claim
<br />against Trustor ar any party indebted under the obligation. These rights may include, but are not lirnited to, any
<br />anti-deficiency or one-action laws. Trustor agrees that $eneficiary aud any paRy to this Security Instrument may extend,
<br />modify or make any change in the terms of this Securiry Instrument or any evidence nf debt without Trustor's cousent.
<br />Such a change will not release Trustor from the terms of this Security Instrument. The duties and benefits of tqis Security
<br />Instru.ment shall bind and benefit the successors and assigns of Trustor aud Beneficiary.
<br />23. APPLICABLE LAW; SEVERABII,�TY; INTERPRETATION. This 5ecuriry Instrumenk is governed by the laws of the
<br />jurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws nf the jurisdiction where
<br />the Property is located. This Security lnstrument is complete and fully integrated, This Security Instrument may not he
<br />amended or modified by oral agrEement. Any section in this Security Iascrument, attachmeuts, or any agreement related to
<br />the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the
<br />variations by written agreement. If auy section of this Security instrument cannot be enforced according to its terms, that
<br />section will be severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used,
<br />the singular shall iuclude the plural and the plural the singular. The captions and headin�s of the sections of this Security
<br />Instrument are for convenience only apd are not to be used to interpret or define the tertns of this Security Instrument.
<br />Time is of the essence in this Security Instrument.
<br />Z�. SUCCESSOR TRUSTEE. Beneficiary, at F3eneficiary's option, may from time to time remove Trustee and appoint a
<br />successor trustee without any other formality than the designation in writing. The successor trustee, without cnnveyance of
<br />the Property, shall succeed to all tbe title, power and duties conferred upou 'Trustee by this Security Instrument and
<br />applicable law.
<br />25. NOTICE. Upless otherwise required by law, any notice shall be given by delivering it or by m�il'rng it by first class mail
<br />to the appropriate party's address on page 1 of this SecuriCy Instrument, or ta auy other address designated in writing.
<br />-- - l�oLicc to one trus€or ��ill be c.k�.mea to b�� notice tc, all e�'usEUrs.
<br />26. WANERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights
<br />relating to the Property.
<br />27. OTHER TERMS. If checKed, the following are applicable to this Security lnstrument:
<br />❑ Liae of Credit. The Secured Debt iucludes a revolviug line of credit prov'tsiou. Although the Secured Debt may be
<br />reduced to a zero balxnce, this Securiry Iustrument will remain in effect antil released.
<br />❑ Construction Loan. 'I'his Security Iastrument secures an obligation incurred for the coustruction of an unprovetnent
<br />on the Property.
<br />❑ Fixture Filing. 1'rustor grants to Beneficiary a security interest in all goods that Grantor owns now or in the future
<br />and that are or will become fixtures relatcd to the Property. This Security Instru.ment suffices as a financing
<br />statement and any carbon, photographic or other reproduction may be filed of record for purpo5es of Article 9 of the
<br />Uniform Commercial Cnde.
<br />❑ Riders. The covenants and agreements of each of the riders checked below are incarpnrated into and supplement and
<br />amend the terms of this Securiry Instrunteat. [Check all applicable boxes]
<br />❑ Condominium Rider ❑ Planned Unit Development Rider Cl Other . . . . . . . . ....... ... .. . ... . . ... . . . . . .. . . . . . . . . . . . . . .
<br />❑ Additional Terms.
<br />y� g g onta.ined ip this 5ecuri�[a,�trument and in any
<br />SIGNA�'LTRES: B si ain below, Tr!�.�tor a rees.to the tec�ns and co��enants c
<br />_.:, ---
<br />attachments. Trustor alsa acknowledges receipt nf a copy of this Security Instrurtaeut"i3'��e�ate s�ate� oa page 1 '-
<br />-
<br />....��..c.Z.. . . ............► �.-. a �.-:..(�...... . . ... . . �:.. . .. . ............/../.--.�,.�. ��d
<br />(Si�ature) Mark A. Sargent (Date) (Sigc►ature) paula p. Sargent (Date)
<br />ACKNOWLEDGMENT:
<br />STATE OF N.�hra�ka ....................................... C�UNTY OF Marr�ck............................................ ss.
<br />�`'�'"� This iustrument was acknowledged before me this . . . .... . 23rd. . . . . . . . day of . . . . . . . . . . . . . . . . . NAVembet, 20.1n. . . . .. . . . . . . . . . . .
<br />by Mark A.. Sv9ant. Pa�Ja.q, S.�9enS, Hushand.and Wifa . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<br />�
<br />................................� Public �................................
<br />Shawn G. Hanquist
<br />� OO 1994 Bankera Systems, Inc., St. Cloud, MN Form RE-�T-NE 1/30/2002 � �� (Page 4 of 4J
<br />GEN�RAL NOTARY-
<br />� C� p, �N�U� �
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