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! � � � � � ;,� Unless otherwise agreed in writing, a11 insurance proceeds shall be applied to 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 sha11 not extend or postpone the due date of the scheduled paym ent 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 Property before the acquisihon shall pass to Beneficlary to the extent of the Secured Debt immediately before the acquisrtion. 20. ESCROW FOR TAI�S AND INSURANCE. 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 statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver, and file any additional documents or certificarions that Beneficiary maY consider necessary to perfect, continue, and preserve Grantor's obligations under this 5ecurity Instrument and Beneficiary s lien status on the Property. 22. JOINT AND INDIVIDUAL LIABII.ITY? CO-5IGNER5; SUCCE550RS AND ASSIGNS BOUND. All duries under tYus Security Instnunent 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 agree to be personally liable on the Secured Debt. If this Security Znstrument secures a guaranty between Beneficiary and Trustor, Trustor agrees to waive any ri�hts that may prevent Beneficiary from bringing any action or claun against Trustor or any �ariy indebted under the obfigation. These rights may include, but aze not limited to, any anti-deficiency or one-achon laws. Trustor agrees that Beneficiary and any part� to this Security Instrument 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 benefits of this Security Instrument sha11 bind and benefit the successors and assigns of Trustor and Beneficiary. 23. APPLICABLE LAW; SEVERABII,I1'Y• INTERPRETATION. This Security Instrument is governed by the laws of the � urisdiction in which Beneficiary is locatec�, exce�t to the extent otherwise requu�ed by th�e laws of the jurisdiction where the operty is located. This Secunty Instrument is complete and fully integrated. This Security Instniment 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 effechve, unless that law expressly or unphedly 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 secrions of this Security Instrument are for convenience only and are not to be used to mterpret or define the terms of this 5ecurity Instrument. Time is of the essence in this 5ecurity Instrument. 24. SUCCE550R TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor trustee without any other formality than the designahon m wntmg. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and duries confened 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 ttus Secunty Instniment, or to any other address designated m writing. Notice to one trustor will be deemed to be nonce to all trustors. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives a11 appraisement and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following aze applicable to this Security Instrument: 0 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 released. � Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. 0 Fixture l�ling. 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 Instrument suffices as a financing statement and any cazbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the Uniform Commercial Code. 0 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 0 Planned Unit Development Rider 0 Other __ ----- ---- - � Additional Terms. SIGNATURE5: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. �- i �� ;/c----- -----------�r �_-�� - � _-- - ------ - �- ---- � �- -------- �-�-�� �s�g�nue> L a n c e B W e 1 s o n (nao�> �si�wre> B r a n d L N e 1 sb n �nac�) be � ��?��L�"`7� . D' ACKNOWLEDGMENT: STATEOF Nebraska ___________________ , COUNTYOF Hall_____ ____ }ss. ----- �'"�" This instrument was acknowledged before me this 9 t h_ ______ o uf J u n e_ 2 O 11 ------------------------- by Lance_ B Nel_son, _Brandy_L_Nelson _��b _��_ ��'�,_ ____ ___________ • My commission expires: 0 5% 16 % 2 012 y � (Notary Public) Mind Gilb r son c� 1994 Wolters Kluwer Flnancial Services - Bankera SystemsT� Form RE-DT-NE 12l1 b/2006 VMP�-C1651NE) to�o8) G�L NOTARY - braska MINDY GILBER7SON ,�y Comm. ExP• May 16, 2012 fPage 4 of 4)