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<br /> Unlcss othcrwiscagrecd in writing.all insurancu prc,cccaJstil�ull l�c applic�lln thc rc�torauun ur rrp�►ir uf thc 1 ru�{nrt� Y�, ,'_
<br /> ur to thc Sewred Debt,whethcr or not thcn duc,at Lcndcr's c�ptiun.Any upplicaticm uf prucccdti tu principal shall not _,.
<br /> extend or pastponc the due date of the scheduled payment nor ch�ngc thc amnunt of uny paymcnt.l�ny cxccss will hc ;��* �
<br /> paid to thc Granlor.[[ thc Property is acquired by l.cndcr. Gr�+ntor's ri�;ht tu:�ny insurc+ncc pulicirs and procrcds :,
<br /> resulting from damagc to thc Property hcfcirc thc acyuisition shall pass to Lcndcr tu thc cxtcnt o[thc Sccurrd Dcht �
<br /> immediatclybefore thc acquisition. "`��'-�� "�-
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<br /> 20. ESCRUW KOIt TAXES ANU INSURAFviCC.Unlc�ti uthcnvisc prcn�idcd in a scpc+r,itr�+Ztrrcmcnt,Gr;mt��r will ni�t
<br /> � be required to pay to Lender funds for faxes and insurancc in escrow. ��'': =`�'
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<br /> , . _.y,F 21. FINANCIAL REPORTS AND ADDI170NAL DOCIJM�N1'S.Grantorwill providc to IAndcr up�m rcyucst,any -.:r�:• • �
<br /> financial statement or information L,ender may dcem rcasonably neccssary. Grantor agrccs tu sign,dclivrr,and filc '��'�
<br /> any additional documents or certiCications that Lender may cons�dcr ncccssary ta perfcct,continue, and prescrvc -��,:�, ��;--
<br /> Grantor's obligations under this Security Instrument and I.ender's licn status on the Property. �"'' - -
<br /> .-..�5�'
<br /> 22. JO1NT AND INDIVIDUAL LIA�BILITY;CO-SIGNERS;SUCCESSORS AND ASSIGNS BOUND. All duties :__,_�_ _
<br /> under this Security Instrument are joint and individuel. ItGrantor signs this Securiry Instrument but docs not sign an :::�F-
<br /> evidence of debt,Grantor daes so only to mortgage Cirantor's intcrest in the Property to securc paymen t o f t hc ��:-,,,:.
<br /> Secured Debt and Grantor does not agree to be personally liable on the Secured Debt. If this Security Instrument ;
<br /> secures a guaranry hctween Lender and Grantor, Grantor agrees to waivc any rights that may prcvent Lcnder from ;�;,_�.
<br /> bringing any action or claim against Grantor or any party indebted undcr the obligation.Thesc rights may include,but ,, ;`',
<br /> are not limitcd to, any anti-deficiency or one-action laws.Grantor agrees that l.ender and any pArty to this Security
<br /> . Instrument may extend,modify or make any changc in thc tcrms of this Security Instrument or any evidence of debt
<br /> ' without Grantors consent.Such a change will not rdease Grantor from the terms of this Security Instrument.The . :-
<br /> '.` duties and benefits of this Security Instrument sha11 bind and beneGt the suaessors and assigns of Granto�and Lcnder. .
<br /> 23. APPI.ICABLE GAW:SEVERABILI7'Y;INTERPRETATION.This Security Instrument is governcd by thc laws of "��._.
<br /> ,.�. the juri�diction in which Lender is located,except to the extent otherwise required by the laws of the jurisdiction __
<br /> where the Property is located.This Security Instrument is complete and fully inte�rated.This Security Instrument may ,:.
<br /> - not be amended or modified by oral agreement.Any section in this Security Instrument,att�chments, or any �,r;;j�"-
<br /> � agrcemcnt rel3tcd tothe Secured Debt that conflictswithapplicable law will not be effective,unless that la�v expressly �..
<br /> . or impliedly permits the variations by written agreerncnt.If any section of this Security Instrument cannot be cnforced -
<br /> � according to its terms, that section will be severed and will not affect thc enforceability of the remainder of this
<br /> Security Instrumcnt.Whenever uscd,thc singular shall includc thc plural and thc plural thc singular.Thc captions and
<br /> a; headings of the sections of this Security Instrument are for wnvemenee only and are not tu be used to interpret or
<br /> -- - - - --' de�'ine ihe terms^f ihi�C��•urity Instrument.Time is of the essence in this Securiry Instrument.
<br /> 1
<br /> 24. SUCCESSOR TRUSTEE.Lender,at I.endcr's option, may from time to timc rcmove"I'rustec and appoint a
<br /> � successor trustee without any other formality than the designation in writing.The successor trustee,without
<br /> �{ conveyance of the Property,shall succced to aU the title,power and duties conferred upon Trustee by this Security _
<br /> Instrument and applicablc law. -
<br /> , 1S. NOTICE. Unless othcrwisc requircd by law, any notice shall bc given by delivering it or by mailing it by Crst class
<br /> mail to the apprapriate party's address on pagc 1 of this Security Instrumcnt,or to any ather address designated in _.
<br /> �• writing.Notice to one grantor will be deemed to be notice to aU grantois.
<br /> , 26. WAI'VERS.Except to the extent prohibitcd by law,Grantor�vaives all appraiscment and homestead exemptian rights _
<br /> relating to the Property. �
<br /> t7. OTHER TERMS. If checked,thc following are applicable to this Security Instrumcnt: -
<br /> � Liue ot'Credit.The Secured Debt includes a revolving line of crcdit provision.Although the Secured Debt
<br /> may be red uced to a�ero balance,this Security Instrument wil(remain in cffect until released.
<br /> ?� I ❑ Construction Loan.7'his Security Instrurnent secures an obligation incurred for the construction of an —
<br /> � I improvement on thc Property. _
<br /> � � ❑ Fyxture Filing. Grantor grants to L.endcr asec:urity intcrest in all goods that Grantor owns now or in the �
<br />_ • � future and that are or will become Gxtures related to the Property.This Security Instrument suf6ces as a
<br /> �' financingstatement and any carbon,photographic or othcr rcproduction may be�led of record for purposes
<br /> ; � of Articic 9 of thc Uniform Commercial Codc. �` -
<br /> 5' � ❑ Riders.The covenants and agreements of each of the riders checked below are incorporated into and f--
<br /> ' � supplernent and amend the terms of this Sccurity Instrument.[Check all upplicable boxes] ��::: —
<br />� ,i . ------
<br /> . ❑ Condaminium RiJer ❑Planned Unit Devclupmcnt Rider Other.......................................................... �__��_�
<br /> l ❑ Addltianol Terms. �_
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<br /> SIGNATURES:Bysigning bclow.Grantor agrccs to thc tcrms and covcnantsccmtained in this Sccurity lnstrumcnt and in .- ;�:4��r'
<br /> _• any attachmcnts. Grarnor alsu acknowlcdgcs reccipt o(a copy of this Sccurity Instrumcnt on thc datc statcd on pagc I. •
<br /> r I � , p _ /; }7
<br /> -. �4!':�Mt�:�t:�^�;.;-:.`:..........................�.2.�06/98 ......,,��'�:�F,�:f......ld....,,ti���'lJ�1.��.f.�?S.?....,....0�/..Qfa./..98
<br /> l (Signnturc) Qf!`NARiI f CHFRMAN • ���'�`� (tiipnawrc) SHERI A SHERMAN (I)atc)
<br /> � � ACKNOWLEDGMCNT:
<br /> - S"1'A'I'EOF...NEBRASKA ........ . .....CUtJNTY OF........NAIr.�r................................................. �ss.
<br /> , .................... ........
<br /> ; � n�a�.�,�,,,u This instrument was acknowlcdged bcforc mc lhis...6TH............d�� ut.......�:��.�.u,A�i.Y.:...........�.9.9�.........
<br /> hy11CH�RD C SNERNAN AHD SHERI A SHERNAN, HUSDAHD AHD,4,1{?E,,,,,,,, ,,,,,,,y .
<br /> ........................................................... .... .....
<br /> .. ... ... ..
<br /> � My cc�mmissic�n expires: l
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<br /> � (Srnll ..�v���..... . . ....... .. �l�.t:...................................
<br /> GENEAAL NOTARY�SIateol Neb�sk iN�� u 1��>
<br /> � 1��� EOWARD 1. JhRO51K
<br /> _ c� Mr Comm E+p Od 2T.1999
<br /> — �199M1 OY�kcr�,�yslomf hr S�CioaO MN 1�800 79.'7Jdq Fortn RE�Dt NE 8b94 (p39B 4 0�4) I
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