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<br /> ` ! ``� Uale�s atherwise agreed in writing,all insurance proceeds shatl be applied to the resLoration or repair of the Property ,` _ "`
<br /> � or to ihe Seaued Deb�whether or not then due,at Lender's option.Any appiication of proceeds to principal sha11 not " `
<br /> • " •' i extend or postpone the dae date of the scheduled payment nor change ihe amount of any payment Any excess wi116e t:•< < �� .
<br /> � • � ` paid to the Grantor. If the Frope=ty is aalnued tiY Leader Grantar's right to any insurance policies and proceeds .
<br /> ��_•. � :�. �; �. `, .
<br /> _ �� r�sulting from damage ta t�e Property before the acquisidon shalt pass to Lender to the extent of the Secured Debi
<br /> ,. " , uamediately before t&e acquisition. ` `�� .,. ` -
<br /> „ ` . 1A, ESCRO'W FOR'�AMES AP1D�iSUR�1NC�.Unless atherwise pmvided in a separate agreement,Grantor m'll aot _
<br /> µ� -�` be required to pay to i.ender funds for taxes and insurance in escrow. - ,. .
<br /> ` '`"="r"'""� 2L FWANCIAL ttEPORT3�ND ElDD�I'�ONAL DOCUNIE1�Pi'S.Grantor w�l provide to Lender upon requess,any < . ':`,`'::..
<br /> �- °-� Gran tor a ees to si deliver.and 5Ie �
<br /> '"'� �,�"� financial statement or information Lender may dcem reasonably necessary. � �• -
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<br /> � any additional documents or cenifirations that Lender may consider neces�ary ta perfect,continsie.aaa Fsesen'e r,' -_-
<br /> � Granto�s obligatians under this Security Instrt�ment aad Lender's Gen status on the Property. . - <
<br /> ...�.. .. <. . . . .
<br /> " , 2Z. JOINT AND�1D1f1IDUAL WABI1.�'�1f+CO-SIGPIERS;SUCCESSOtd�A1�D ASSIGNS B�LJ1�ilD. A!1 duties � ;`'.
<br /> ' .E �� �`�'i' under tttis Security Instrument are joiat and individual.If Granwr signs this Security Instrument but daes not sigo an "` `.;,+ �.`,�
<br /> `� ` ` ��� � `��' evidencz of debt,Craator does so only to mortgage Cirantor's interest in the Property to secure payment af the ,: ,... ",�, � -
<br /> �. ` ` � . Seaued Debt and Grantor does aot agree to be peisonally liable on the Secured DebL If this SQCUrity Instrument �::`"a��__.� _
<br /> " Secures a guaranty between Lender and Crrantor,Grantor agrees to waive any rights that may preveat Lender from ,
<br /> °��.` . bringing aay acbion or claim against C.rantor or anY P�Y m de b t e d un der We o b li g d t i o n.T h e s e ri g h t s m a y i n clude.but ��-- _
<br /> ` ' ' �' are noi limited w.any anti-ae8ciency or one-action laws.Grantor agrees that Lender and any party to this Seauity �r_ ��
<br /> , ,�� `' ''T`.- Instr�ument may extead,modify or make any change in the terms of this Security Instrument or any evidence of debt _
<br />' ` without Crrantor's wnsent Sach a change will not retease Grantor from the terms of t h�s Security I a s t r u men t.The ' ... ,
<br /> � duries and beaefits of this Seauity Instrament shall biad and benefit t6e successors and assig�s of Grantor and Lender. -
<br /> - 2� APPLICABLE LAW;SEVERABILYf1f:I1�PfERPR�TATiON.This Security Instniment is govemed by the taws of `;} �' • •�`':�._
<br /> , •� • � the jurisdiction in which Leader is tocated,except ta the extent otheTwise required by the laws of the jurisdiction r_ _
<br /> � - ���� �� where the Property is lacated This Security Insimment is complete and fully integtated.This Seeurity Instniment may . '�'�
<br />- . . .. ..>-:�. _
<br /> _-,,�::: �ot be amended or modified by oral agreement.Any section in this Serarity lnstrument,attachments,or any _,,'.i_�i�
<br /> agreement related to the Sewred Debt that confticts with applicable!aw will not be effective.untess that law expressty _—
<br /> • : or impliedlq permits the variations by written agreement IiF any section of this Security Instrument cannot be enforced �� .'��.�.__-
<br /> � ' ;� �'. according to its terms.t6at section w�ll be severed and m7l not affect ihe enforceability of the remainder of tlus Y" �'"�;<��_.��•
<br /> . �:,�.�:,,�`"._:
<br /> ' ' Security Instrumen�Whenever used,the singular sha13 incIude the plural and the plural the singular.The caprions and ,,��_��=_„
<br /> - ��. " ��`.'��- headings of the sections of this Sec�rit}r instrament are for convemence only and are not to be ased to interpret or '-"
<br /> . �-; �,��,
<br /> • define the tenns of this 3ecurity Insmunent.Time is of the essence in this Security Irutrument .' . ���-
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<br />-�_�� � � 24. SUCCESSOR TRUSTEE.Lender,at I.ender's opuon,may from time to time remove Tsuscee and appoint a �.:1.- ..,-__,.._
<br /> `.`•;�f-;;�:�r,•, successor trustee withoat any other forma lity t han t he desigaa tio n i n w ri t i n g.T h e s u c c e s s o r t r u s t e e,w i t h o u t ; ��.��'�`
<br /> , ` _ • conveyance of the Properiy,shall succeed to aU the tiue,power and duties wnfened upon Trustee by this Security 4:�.. _._—=
<br /> ` . �:`.;1 lnstrument and applicable law. .t '�� -
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<br />- � Z5. NO'�iCE.Untess otherwise required by law,any notice shall be given by delivering it or by ma�ling it by fnst class ' �'; �•:��=
<br /> , ,' mail to the appropriate party's address on page 1 of this Security Instrument,or to any other address designated in � F ' . �"•_
<br /> -. ' �=: aTitiag.Nouce to one pantor arill be deemed to be notice to ail granto�s. , �__
<br /> ..__.__. ..__ _ �. �y��g�,Except to the extent prohibited by law.Grantor waives all appraisement and homestead exemptian rights _, ,,�,.�
<br /> ,�. __
<br /> „ . • relating to the Property. . � ,:
<br /> . � Z7. QITEIElt TER11iS.If checked.the following are applicable to t6is Security Instrument: �'°
<br /> ' ❑ i3ne oY Credi�.The Secured Debi includes a revolving line of credit provision.AlWough the Secured Debt *��;"
<br /> • � � may be reduced to a zero balance,this Security Instrument wiU remain in effect until released. . .. ��°'"''_
<br /> .. 'ti� �,� �,:W�
<br />- ; • � [� Constraction Loan.'This Security Instrument secures an obligation incuned for the canstruction of an • �__
<br /> ' � improvement on the Property.
<br /> , . .� -' .�_.-
<br />` ' ❑ Fjxture F"u?mg.Grantor granu to I.ender a security interest in all goods that Grantor owas now or in the ,. ••,�;lr
<br /> ' • ' future and that are or will became fixtvres related to the Property.This Security Instrament suffice4 as a '.?:�,._;_� - _� -_
<br /> • • � �" financing statement and any carbon,photographic or other reproducGon may be filed of recard for purposes . . -_
<br /> - of Anicle 9 af the Uniform Commercial Code.
<br /> � � ❑ Riders.The covenants and agreements of each of the riders checked below are incorporated iato aad � � � ��
<br /> _ � . supplement and amend the terms of this Security Instrument.[Check all applicable boxes� .'+�•: . . •
<br /> ..;: ' .; . . . • ............................... • .•..: ..
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<br /> ❑Condom�mum R�der ❑Pianned Un�t Development Rider ❑Other........................... , . ..;�'.
<br /> . . - • ❑ Addidonal'D'erms. � �
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<br /> � SIGNATURES:By sigaing below.Grantor agrees to the terms and covenants contained in this Security Instrument and in . ',.
<br /> �. � � any attachments.Grantor alsa acknowledges receipt of a wpy of this Secu ' Instrument on the date stated on page 1. . , � :
<br /> _ � . . � `•�4�!�'.��.�.V�������� ,�,5'. • .
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<br /> � . � 'tsignaturc� STEVEN P LAMB (Date) t' amrc) KIANNE M LAM9 (oatc� ., .
<br /> �': � ACKNOWLEDG1�iENT: NEBf�ASKA. HALL ) �
<br /> . � • STA'fE OF..... .....................................COUN'i'lf OF.......... ................................................ ss. ,
<br />- ����������� This instrument was acknowled�ge�d before me this.....�xt�.........da of.........�1,�Ot1�]C.y.,..199.8....................... �
<br /> ° � STEVEN P LAf48 AND KIA NE f4 LAMB HUSBANO,AND ��IFE............................................................ � �
<br /> . , My cammission expires:...................N......................�.......... �.. .
<br /> ._,_.
<br /> '`.-. : .�.�'� ._... �r.:t. ............................................... . .
<br /> , GEHERAt 40TARM S'ateot NeDras�a �Nntaty Yuhlicl • :
<br /> !I f DY�ARD J.1AROSiK �.
<br /> _ � My Comm E�p Oct 2I,�999 ! �
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