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i �; ,� , Unless otherwise agreed in writing, a11 insurance proceeds shall be applied to the restoration or repair of the Property or to a the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal sha11 not extend or postpone the due date of the scheduled payment nor 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 policies and proceeds. resulting from damage to the Properiy before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition. 20. ESCROW FOR TARE5 AND INSiJRANCE. Unless otherwise provided in a separate agreement, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any financial staxement or information Beneficiary ma.y deem reasonably necessary. Trustor agrees to sign, deliver, and file any additional documents or certif'ications that Beneficiary may consider necessary to perfect, continue, and preserve Grantor's obligations under this Securiry Instnunent and Beneficiary's lien status on the Property. 22. JOINT AND INDIVIDUAL LIABILITY; CO-SIGNER5; 5iJCCE5SORS AND ASSIGNS BOiJND. 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 Property to secure payment of the Secured Debt and Trustor does not �gree to be personally liable on the_ Secured Debt. If this Security Instrument secures a guaranry between Beneficiary aad T�usto�, Tnastor a;;re�s to waive any rights that ma� �Aevent Beneficiary from bringutg ang act�on or claim against Trustor or any pariy indebted under the obligation. These rights may include, but are not iimitetl to, any anti-deficiency or one-action laws. Trustor agrees ttiat Beneficiary and any party to this Security Instrument ma.y extend, modify or make any cha.nge in the terms of this Securiry Instrument or any evidence of debt without Trustor's consent. Such a change will not release Trustor from the terms of this Securiry Instrument. The duties and benefits of this Securiry Instrument shall bind and benefit the successors and assigns of Trustor and Beneficia.ry. 23. APPLICABLE LAW; SEVERABII.ITY; INTERI'RETATION. This Securiry 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 the Property is located. This Securiry Instrument is complete and fully integrated. This Security Instrument may not be amended or modified 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 rema.inder of this Security Instrument, Whenever used, the singular sha11 include the plural and the plural the singular. The ca.ptions 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 Securiry Instrument. Time is of the essence in this Securiry Instrument. 24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficia.ry'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 conveyance of the Property, shall succeed to a11 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 in writing. Notice to one trustor will be deemed to be notice to all trustors. 26. 6'V!�'�RS. Exi;epr tc� i�e exee� �•rroYcibitec; - by� lavv; 'Fcustoa� w�aives all apgraisenneut a�d ..:hc�esr:,�.d� ezeaagtit�n �i�his relating to the Property. 27. OTHER TERMS. If checked, the following are applicable to this 5ecuriry Instrument: �XI Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a zero balance, this Security Instrument will remain in effect until relea.sed. [� Construction Loan. This Securiry Instrument secures an obligation incurred for the construction of an improvement on the Property. ❑ Fixture Filing. Trustor grants to Beneficiary a securiry interest in all goods that Grantor owns now or in the future and that are or will become fixtures related to the Properly. This Security Instrument suff'ices as a financing statement and 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 incorporaxed into and supplement and amend the terms of this Securiry Instrument. [Check all applicable boxes] ❑ Condominium Rider ❑ Planned Unit Development Rider ❑ Other .................................................. ❑ Additional Terms. SIGNATURES: By signing below, Trustor agrees to the terms ancl covenants contained in this �Securiry Instr�menf and in any attachments. Trustor also acknowledges receipt of a copy of this Securiry Instrument on the date staxed on page 1. ��G/t l . .. ....................�...�. _'� � .................................................... .. ... ...... .. ..... ....... .. (Signature) SHANE J. BURR (Date) (Signature) KRISTEN N. BURR �� ACBNOWLEDGMENT: STATE OF N.�sRASKA ...................................... COUNTY OF AAAIMS.........................,:..................} ss. �a"''d»e'� This instrument was acknowledged before me this ........6.T.H........ da.y of :..................APRIL.2.Q1�................... by SHAI�E:1...BURH ............ ..................... .:.......................................... . My commission expires: 04-25•2012 .. . . ....�• �- ......................................... ' (Notary Pnbllc) GAYLIN R PRI �� OO 1994 Bankers Systems, Inc., St. Cloud, MN Form RE-DT-NE 1/30/2002 �l ��T� • St�e of Nebrddsk9 ge 4 of 41 GAYUId R. PRIOA Comm. . April 25, 2012 �