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201101768 : � _ Unless otherwise agreed in writiag, al( insurance proceeds shalt be applied [o the restoration or repair of the Property or to the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not extend or postpone the due date of the scheduled payment nor chaage the amount of any payment. Aay excess will be paid to the Grantor. If the Property is acquired by Beneficiary, Trustor's right to any iasurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition. 20. ESCROW FOR TAXES AND 1NSURANCE. Unless otherwise provided in a separate agreement, Trustor will not be required to pay to Beneftciary funds for taxes aad insurance in escrow. 21. FINANCIAi. REPORTS AND ADDITIONAL DOCiJMENTS. Trustor will provide to Beneficiacy upon request, any financial statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver, aac! file any additional documents or certifications that Benef'tciary may consider necessary to perfect, continue, and presecve Grantor's obligations under this Security Instrumeat and Beneficiary's lien status on the Ptoperty. 22. JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS ANb ASSIGNS BOIIND. 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 the Ptoperty to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Benefieiary from bringing any action or claim against Trustor or any party iadebted under the obligation. These rights may include, but are aot limited to, any anti-deficiency or one-action laws. Trustor agrees that Beneficiary aad any party to this Security Instrumeni may extend, modify or make any change in the terms of this Security Instrument or any evidence of debt without Trustor's consent. Such a change will not release Trustor from the terms of this Security Instrument. The duties and beaefits of this Security Instrumeat shall bind and benefit the successors and assigns of Trustor and Beneficiary. 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrumeat is governed by the laws of the jurisdiction in which Beaeficiary is located, except to the extent otherwise required by the laws of the jurisdiction where the Property is located. This Security Instrument is complete and fully integrated. This Security Instrument may not be ameaded or modif'ied by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicable Law will not be effective, unless that law expressly or impliedly permits the variations by written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that section will be severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall include the plural 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 Security Instrument. Time is of the essence in this Security Instrument. 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 designation in writing. The successor trustee, without conveyaace of the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and applicable law. 25. NOTICE. Unless otherwise 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 Security Instrument, or to any other address designated ia writing. Notice to one trustor will be deemed to be notice to all trustors. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives al! appraisement and homestead exemption rights relatiqg to the Property. 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument: ❑ Line of Credit. The Secured Debt ineludes a revolving Line of credit provision. Although the Secured Debt may be reduced to a zero balance, this Securiry Instrument will remain ia effect until released. ❑ Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Properly. ❑ Fixture Filing. 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 Instrumeat suffices as a financiag statement aad any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the Uniform Commercial Code. ❑ Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the terms of this Security Instrument. [Check all applicable boxes] ❑ Condominium Rider ❑ Planaed Unit Development Rider ❑ Other .................................................. ❑ Additional Terms. SIGNATURES: By signing below, Trustor agrees to the terms and covenants coatained in this Security Instrument and in any attachments. Trustor also ackaowledges receipt of a copy of this Security Instrument on the date stated on page 1. ... �r�:... � . ......... ... ... ... ... ....... . y .tt.. ... . ..... ..... .��-�-�4:............ �`1�� ...... .. �� 3 �� (Signature) MITCHELL CLARK (�te) (Signature) yLE CLARK (Date) ACKNOWLEDGMENT: STATE OF Ne4raSka ....................................... COUNTY OF HAII............................................... } ss. (Individual) This instrument was acknowledged before me this .........4tb........ day of ...................Mar�h201.1................... by MITCHEII�IARK;.GA�(IE.C.IAftK,HU.SBAND.ANRVYIF.E ................................................................................... . My commission expi . �� 87EVL= M.1�1MON . . . . . . . . . . . . . . . . . . . !. . . . . . . . . . . . . . . . . . . . . . . . M�►Comm. . feb.21, 2014 ...�No u � �"' OO 1994 Bankers Systems, Inc., St. Cloud, MN Form RE-DT-NE 1/3 ! /jJBy2 4 Of 4�