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<br />20.
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<br />22.
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<br />24.
<br />25.
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<br />27.
<br />Unless athcrwise agreed in writing, a1l insurance proceeds shall be applied to the restoration or repair of the Property ar to
<br />tt�e Secured Debt, whether or not then due, at Beneficiary's optinn. Any application of proceeds to principal shall not
<br />extend or postpone the„due date of the scheduled payment nor change the amount of any payment. Any excess will be paid
<br />to the Grantor. If the �roperty is acquired by Beneficiary, Trustor's right to any 'rnsurance policies and proceeds resulting
<br />from darnage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt unmediately
<br />before the acquisition.
<br />ESCROW FUR TA7�5 AND INSiTRANCE. Unless otherwise provided in a separate agreement, Trustor will not be
<br />reqnired to pay to Beneficiary funds for taxes and insurance in escrow.
<br />FINANC�AL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any
<br />financial statement or information Beu�eficiary may deem reasonably necessary. Trustor agrees to sign, deliver, and file any
<br />additional docurnents or certifications that Beneficiary may coasider necessary ta perfect, continue, and preserve Grantar's
<br />obligations under this Security Instrumept and Beneficiary's lien status on the Praperty.
<br />10INT AND INDNIDUAL LIABILTTY; CO-SIGNERS; SUCCESSURS AND ASSIGNS BOiJND. All duties under
<br />this Security Instrument are joint and individual. If Trustar signs this Securiry Instrument but does not sign an evidence of
<br />debt, Trustor does so only to mortgage Tnystor's interest iu the Property to secure payment of the Secnred Debt and
<br />Trustardoes nol agree ta bc personally liable on the Secured_�ebt. If this Securiry Instrwneut secures a guaranty between
<br />Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beaeficiary from bringing any action or claun
<br />against Trustor or any party indebted under the obligation. Tl�ese rights may include, but are uot limited to, any
<br />anr.i-deficiency or ane-action laws. Trastor agrees that Beneficiary and any party to this Securiry Instrwnent may extend,
<br />modify or make any change in the terms of this Security Instrument or any evidence of debt without Trustor's conseat.
<br />Such a change will not reIease Trustor from the terms of this Securiry Instrament. The duties and benefits of th'rs Security
<br />Instrument shall bind and benefit the successors and assigns of Trustor and Beneficiary.
<br />APPLICABLE LAW; SEVERABII.TTY; INTERPRETATION. This Securiry Instrwnent is governed by the laws of the
<br />jurisdiction in which Beneficiary is located, except to the extent ottierwise required by the laws of the jurisdiction where
<br />the Property is located. This Security Iustrument is complete and fu11y iutegrated. This Security Instrurnent �x►ay not be
<br />amended or modified by oral agreement. Any section iu this Securiry Instru�nent, attaclunents, or any agreement related ta
<br />the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or unpliedly permits the
<br />variations by written agreement. If any 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 Securiry Instrurnent. Whenever used,
<br />the singular st�all iuclude the plural and the plural tf�e singular. The captions and headings of the sections of this Security
<br />Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Instrumeut.
<br />Time is of the essence in ttiis Securiry Instrumept.
<br />SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, rnay from tune to time remove Trustee and appoint a
<br />snccessor truscee without any other formality than the designation in writing. The successor trustee, withaut conveyance of
<br />tl�e Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and
<br />applicable law.
<br />NOTICE. Unless otherwise requ'rred by law, any notice shall be given 6y delivering it or by ma'rling it by first class mail
<br />to the apprapriate party's address on page 1 of this Security Iastrument, or to any other address designated in writing.
<br />Not,ice to. �.�e trustar wi,1�e ,deemed_to. be notice to all trustors.
<br />WANERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights
<br />relating to the Property.
<br />OTHER TERMS. If checked, the following are applicable to this Secariry Instrument:
<br />[�I Line of Credit. The Secured Debt inclndes a revolving line of credit provision. Althaugh the Secured Debt tnay be
<br />reduced to a zero balance, this Security Instrwnent will remain in effect until released.
<br />[� Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement
<br />on the Property.
<br />❑ Fixttrre �ling. Trustor grants to Beneficiary a security interest in all goods that Grantor owns now or in the future
<br />and that are or will become fiuctures related to the Property. This Securiry Tnstrwnent suffices as a financing
<br />staterneut and aay carbon, photographic ar other reproductian may be filed of record for purposes of Article 9 of the
<br />Uniform Commercial Code.
<br />❑ Riders. The covenauts and agreernents of each of the riders checked below are incarporated into and supplement and
<br />amend the terms of this Security Instrument. [Check a1l applicable baxes]
<br />❑ Condominium Rider ❑ Planned Unit Development Rider ❑ Other ..................................................
<br />❑ Additaonal Terms.
<br />SICTI�TAT�TF�E�s Sy signing below, Trustor agrees to the terms and covenauts contained in this Security Instrnment and in any
<br />attachments. Trustor also acknowle es receipt of a copy of this Secnriry Iastrument on We date stated oa page 1.
<br />Nice Homes, Inc. ,�
<br />............... ��-��. . . ........:-��:�......f�� ��.:.�°........................................ .......................
<br />(5ignature) (Date) (Signature) (Date)
<br />ACKNOWLEDGMENT:
<br />STATE �F ....�I�CASI�. ............................... C�UNTY OF .....I`�1.�............... ...................) ss.
<br />����a,�> � ... ...
<br />This instnnnent was acknowledged before me this . . . . . .. .�i�. . . . . . . . day of . . . �p� �u: . . . . . ,Z�.�rQ . . . .
<br />..............
<br />e ........R�-�:.�I �. , P� �.,. ` ,�.�
<br />. . ee.... r �. .��r.z. � �c........ ...;� ........................................... .
<br />My commission expires:
<br />................ ...................................................
<br />(Notary Public)
<br />��"' � 1994 Bankara Syatems, Inc., St. Cloud, MN Form RE-PT-NE 1/30/2002
<br />, � ,.. ,�
<br />�
<br />GENERAI. NOTARY • State of Nebraska
<br />�'� MtKE DEIN�S
<br />� - My Comm. Exp. pct. 23, 2D11
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<br />(page 4 af 4/
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