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201104690 Unless otherwise agreed in writing, all insurance p roceeds shall be applied to the restoration or repair of the Pro 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 payment nor change the amount of any payment. Any excess will be paid to the Grantor. If the Properiy is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisirion shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition. 20. ESCROW FOR TAXES AND INSiJItANCE. 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 DOCUMENT5. 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 certifications that Beneficiary maY consider necessary to perfect, continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary s lien status on the Property. 22. JOINT AND INDIVIDUAL LIABILITY• CO-SIGNERS• SiJCCESSORS AND ASSIGNS BOi7ND. All duties under this Security Instnunent aze 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 t�e Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If ttus Security Instrument secures a guaranty between Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or any �ariy indebted under the obligation. These rights may include, but are not luruted to, any anti-deficiency or one-acrion laws. Trustor agrees that Beneficiary and any part,y to this Security Instrument may extend, modify or ma.ke any change in the terms of this Security Instrument or any evidence of debt wrthout 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 shall bind and benefit the successors and assigns of Trustor and Beneficiary. 23. APPLICABLE LAW; SEVERABII.ITY• Il�1'I`ERPRETATION. This Security Instrument is governed the laws of the � urisdiction in which Beneficiary is locatec�, except to the extent otherwise reqwred by the laws of the �unsdiction where the operty is located. This Security 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 unphedly permits the variations by written agreemettt. If any section of this Security Instrument cannot be enforced accordmg 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 sha11 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. SiTCCES50R TRUSTEE. Beneficiary, at Beneficiary 's option, may from time to time remove Trustee and appoint a successor trustee without any other fornialiry than the designarion m wntmg. The successor trustee, without conveyance of the Property, sha11 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 sha11 be given by delivering it or by mailing it by first class mail to the appropriate pariy's address on page 1 of this Security Instrument, or to any other address designated m 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 all appraisement and homestead exemption rights relating to the Property. 27. OT�iER TERMS. If checked, the following are applicable to this Security Instrument: 0 Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the 5ecured Debt may be reduced to a zero balance, this Security Instrument will remain in effect until released. � Construction Loan. This Securiry Instrument secures an obligation incurred for the construction of an improvement on the Property. 0 Fixture Filing. Trustor grants to Beneficiary a security interest in a11 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 fmancing 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 incorporated into and supplement and amend the terms of this Security Instnunent. [Check all applicable boxes] 0 Condominium Rider � Planned Unit Development Rider � Other ------------------------------------------------------- � Additional Terms. SIGNATURES: 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 Securiry Instrument on the date stated on page 1. --------------`�---�--- � -- -- --------------- �=�` —`�-- ---------------------------------------------------------------------------------------- �signac�e> R o b e r t M P a n o w i c z (Date) (Signature) (Date) ACKNOWLEDGMENT: STATE OF Nebraska____ ____________ __ ____________ __ _ COUNTY OF Hal l - - - - - - ---------------------------- "�'"�" This instrument was acl�owledged before me this 2 2 n d da of J u n e_ _ 2 011 --------------------- y - - - - - - by Robert_ M__Panowi cz-y---p�--�_��e__�Q,�Sr�c�------------------- ------------------- My commission expires: 0 5/ 19 % 2 013 �� �c 1994 Wolters Kluwer Financfal Services - Bankers Systems'� Farm RE-DT-NE 12/15/2008 VMP�-C165(NE) co�os) ---- a---------------------------------------------------------- (Notary Public) K e � �p�Y - State of Nebraska KENIIV OTTMAN pAy Comm. �cp. 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