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<br /> r ' , Unless oYhe�vise agreed in writing,ull incurance praceeds shall be atspGed to the res3omdon ar repair of the ProperEy ;x;;.�
<br /> or to the Secured Oeb1,whet!►er or not then due,at Leader's option.Aay applicat'son of proceeds to principal shall not `;=.- _
<br /> extend or pers4pane the dtt�date of the schedWed payment nor change the amount of any paymen�A»y excess will be �
<br /> . paid io the Grantor. {C the Property is aoquered by Lender.Graator's right to mry insurance policies and prooeeds ,:..�
<br /> << ; resvIting from damage ta the Praperty before 1he aoquisition shall pa�s to LendPr to the exteat of the Secured Debt �r��`
<br /> imm�diatety before the acquisition.
<br /> , ` Zd9. ES�RO�V FO�d T���ID�1SUL�AN�Unless otheru+ise pravided in a s�parate agreement,Grantor will not
<br /> •—� be required to pay ta Lendet funds€or taxes and i+,c��rance in eserow. ' '
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<br />__ ZL �VANCIQL R�P�L'Y�AIOfID AI4DFI'IQDPiAL d)O�t�NdS.Grantor rnll provide to Lender ugon request,an �'"�".�'-
<br /> 6nancial statement or information Leader may deem reasonabty necessary.Grantor a�ees to sign,deliver.and�e ��=-�„
<br /> • any additional dazuments or certi5cations that Lender may consider necessary to perfect,continue,a¢d preserv8 =-_= -
<br /> - Grantor's obligations under this Secarity Instrument and I.ender's lien siatus on the Properry. =__`
<br />_ � � JOIIIPT AND IIYDIY�UAI.I.IABO.PI'Y;CQ-5HG10tERS;SUCCESSORS ANID ASSIGNS BOUIITID.All duties
<br /> • u n der t h i s S e c u r i ty I n s w ment are joint an d in d ividual.If Grantor sigas this Security Instmment but does aot sign an �;;;�-
<br /> . �` ,'
<br /> evidence of debt,Grantor does so onty to mortgage Grantor's interesE in the Property to sscure payrnent of the = =-
<br />- . Secured Debt and Grantor daes not agree to be peisonalty liable on the Secured Debi.U tfris Seauity Instrnment ��
<br /> ,.��,
<br /> serures a guaranty between Leader and Grantor,Grantor agrees to waive any rig6u that may grevent L.eader 6rom �c,-:
<br />, ' bringing any actioa or claim against Grantor or any party indebted under the obfigation.These rights may inctude,but '�=' "
<br /> ° are not limited to,aay an�efi�enry or one-action laws.Grantor agrees Wat Lender aad any party to this Seatrity �>�'
<br /> ;�•', Instr�ment may extend,inadify or make any change in tho terms of thfs Seciuity Instiniment or any eeidence of debt �
<br /> _��•''. without Granior's oonsent.Such a change will aot release Grantor from the terms of this SeQUity Instrumeat The
<br /> d�ties artd benefits of this Secucity Instrument shall biud and beuefit the successors and assigns of Grantor and Lender. -
<br /> ' L� APPLICABLE LAW;SEVEItABII.PPY;II�lTER�RE1'�t►TQpR�T6is Security Instrument is govemed by the Iaws of — __
<br /> t�e jurisdiction in wlucb Lender is lopted,excepi to th:extent oihetwise reqtiited by We laws af the ju�risdiction -
<br /> `' where the Praperty is IoraFed'l4�is Sectuity In,�trumeat is comptete and fully integated.This Secuiity Ins�nc may -•---
<br /> aot be aznended or modi�ed by oral�gree�en� Any section in tltiis Security Instrument. a�chments,or any � -`
<br /> agreement r�elated to the Secured Debt that m�ilicts with applicabte law an�not be effective, �u���at!aw expressly --�;;=
<br /> or impliedly permits the vare�tians by written agreement If any section of this Security L�suarnent canaot be enfomxd •�
<br /> -�g�• according to its terms,that section will be severed and will Qot affe¢t the enforcea,i�.2�ty of the remaiader of t➢us -
<br />�.�� ' Security lnstrument Whenever used,the sing�ular shall include the plural arzd the pI•.r��e singular.l�e raptions and �'}�'°-•
<br /> ��'"' headings of the sec�iaas of t6is Seauity Inswment are for convenie�e d�.yy and a�e not to be usetl to inteipret or ��--
<br />.,,_' , deSIIe the te:ms of t�g ty ----_�
<br /> ,. �erurity Iostrnment.Time is of the essence in this Securi Yn���en3. �'��' `
<br /> ?A SUCCESSOR TRUSY�E.Lender,at Lender's opiion.may from dme to tima mannve Trustee and appoint a �r-ij_
<br />`"y successor tr+�stee without any other formality than the designation in writing'Ll�successor trustee.without ��
<br /> : • � canveyaace of the Praperty,shall succeed to all the title,gower aud duries conferrecf r,�g,�n'dYustee by Wiv Secarity �.�:_•
<br /> In�ntment and applicabte law. �--,'
<br /> •� : � tS. N(DT��Untess otherwise required by lacv,�zcy notice shall be given by delivering it or by�ai3„=ss��by�t class
<br /> � ma1 to the appropriate party's address on���i of tiris Security Instruraent,or to any oiher address desigtiated in �.��-�-
<br />,. t. miting.Notice to one grautor will be deemed ta�s noiice to all grantors. �.
<br /> . . ; 26�. WANERS.Except to the extent prohibited by 1aw,Grantor waives all appraisem�n¢aad homestead exemption rig6ts ��.
<br /> • nfating to the Property.
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<br /> �^rr�!�:�':
<br /> _ 27. U�'HER'Y'ERMS.If checked,the following are applicable to tLis Security Instmmen� �,�,��Y,,.,
<br /> , QXl�iae of Credit The Seciued Debi includes a revoivin line of credit rovisioa.Althon �`"----
<br /> � p g6 the Secured Debt ��;
<br /> . • may be reduced to a zero balance.tbis Security InsWment mU remain in effect until re3eased.
<br /> .�'I� Q �onsarad�an Loan.T'his Security Instrument secures an obtigation incurred for the constniction of an �"���"
<br /> . i,�aprovemeat on the Property. .. ��.
<br /> ' ' I� F'utur�FHtug Grantor grants to 1.���,:r a security interest in ai!goa�ts that Grantor ownanow or in the � —°
<br /> • future and that are or will become fci�sues related to the �
<br /> ���S finarccing statement aad any carbon,photographic or other re�pro�du�caon may be fityled of rec.ord fo�r ��a
<br /> P�ses ;.:,.
<br /> �""'�: ' ...
<br />��;yi`,;,•�',� of Article 9 of the Uniform Commercial Code. � - -�-
<br />=<;s�,; �•�.
<br /> ,F};.`;�•� ❑ R�ders.The covenants and agreements of each of the riders checked fs�la•w are incorporated into aad �r ..-__
<br /> ��� supplEment and amead the terms of this Security Instrument.[Check all appfLrable boxesJ
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<br /> '�� ❑Coadoa�:um Rider ❑Planned Unit Development Rider ❑Othsa.:.._�........................................
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<br />'�''�'� D Addit�on91�'e�ms. ....". �.;,
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<br /> � SIGNA�LJ�:By signing betaw,C�ra..�stor a�rees to the terms and covenauts co=ta:s;e�l in��;la:�Security Instrument�,,�� '
<br /> `'''� . aay aita�ents.Grantar also ackco•c>t:dges receipt of a eopy of this Security�nsttu�:n;r�n the date stated an pa�e Z. ��•
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<br />:.� �.. ..��.'.`......................�0/1.5/96�.. . . . 1�/S�/96 �+�"�!!'4___
<br /> s�� � ....�. ..............
<br /> • � � 'f JERRY FRANKS toace) (a�i���c+�... ��� �.'
<br /> PAMLLA RANKS ta=�D ' -
<br /> . ACKNOWLEDGM�N�: �EgRASKA � `�
<br /> STATE OF. HA L L - _
<br /> � n�+�m�� This����������������eF��YDt��oYB��tPF day of.........OETOBE.R..............�.g�)ss. -. - �
<br /> by.................................................................................... ..................................................».......... �►._�_•'...
<br /> My co.mmission expires: �1:1.�!/............».................._..... ............................ �:_'_a�,-
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<br /> ' �CENERAL NOIAAP-Sh'.sW 8eb�uU (N�r vueuc)
<br /> SCUTT G NISSlER
<br /> Y►Car.�FsP Wr 31.I94� _.
<br /> n 01941 BmUrn S!�'a trc..St f�Sr.D.A..N ItsOD3J7-?3�t1 Form RE�DT11'c 6,379� (DQg9 4 Of 4) .�� -°_.
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