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<br /> �. `'`,� Unless otheawise agnecl m wnUng,all uuvian�pmceetis sl�all be applind to the restoration�r�air of the Pnperty or to �.` . .
<br /> �� . � the Secured Debt, whether or not then due,at Be��ciary's op tian. Any apglication of pmoeeds to pitncipal shaU not ` .•-
<br /> . , e.�ctend or postpone the due date of tI►e scheduled payment nnr c�anse�he�rnmt of a�►Y Papment Any eacess wc�l be paid
<br /> . . 1 to tfle Crantnr. If the Prop�y u��hx Beae6ciary.Traswr's n•�w aay inrnranCC policies and pmce�s r�vldng .
<br /> � �i ftom damage to the PmpettT hefore�e acclmsition shall pasc to Br�ne�aary w the eatent of the Seceued Debt immed'iately . �, . ' `�
<br /> ` ` . i before the acquisition. , •
<br /> � ,
<br /> . � lA. ESCRON FOR TAXFS AND INSURANCE. Uate�othetWrese ptovided in a sepatate agreement,TnLStor vrdll not be � . ;� �'�' � •
<br /> . ' ` :1 to w HeneS �nd�for taxes and iai�uranoe in escrow. f . . ' '
<br /> _ � :� �� PaY �Y
<br /> �"- � 21. FINANCIAL REPOR75 A1vD ADDITIOIYAL DOCUNffiNTS.'i'iustor will�rovide to Beneficiary upon reguest,aay � • " P ... •
<br /> ~---c—.---��� 6nanciat stateufeut or infaru�atioa Heuefciary may d��aably uecessary. zustor agrEes to sign,deLver.and file au� t_.�. -_....•�.-:_-�-°:.
<br /> ` � `� addidonat do��uments or certifications tLat Beae Bc'�•y maY coasi der necessary to pe r fect.continue.anc!pr°.serve Grantor s � -��°` ' . �
<br /> � '� obligations under thi.s Security Instrument and Bet�ef ciary s lien�tanu on the Property. ' ' . '
<br /> � ~i ?.2. JOIN'T AND IIWi7llD�1AL a,lA$iLiTYr CO-SIGNERS:SUCCESSORS AND ASSdGNS BOUND.All dudes uader � �
<br /> - tlus Securiry[nsnumeat a:e jaint aud indivWuai. If Tmstor sigas thi4 Secatity Instnm�eni but daes not sign an evidence of - ;.
<br /> ' debt, Trastor does so only oo mortgage Tn�wr's interes�t in the rty ta s�cure payment of ttte 5�ared Debt aztd � :. :..�•
<br /> � Tmstor daes uot agree w 6e pezsonaliy liab4 on the Secaxed Debt If Sec�rity Insuumeni secures a gaaranty between �.4 �,-.-y:
<br /> � Beaefcciary and Tnutor,Tn�stor�a�s tn waive auy n ts t h at may preve n t Bene Sc�a�y f r o m b r i n g i n g a n y a c t i o n o r c l a i m �; "�_-
<br /> ' against Tmsmr or any Part3+ indebted uader the oB��auon These rights may incInde, 6ut aze not limited to, any . . °.;,�:.:':.:.t�
<br /> � r auti-0efciency or on�acaon laws.Ttas[or agrees that SeneSciary and anyp�rty w this Security Insaament may extend, ,;.,(.4 ,,,.. ��r:=`
<br /> m o d i f y or make a n y e m the temis of ttus Security Iast�ent or auy-evtdence of de6t withont ZYastor's consen� � ��
<br /> � � e' Such a change will no t�se Tinswr from the terms o ftt�i.s Seciuity Ins�eut.T h e duties a n d Uene fits o f t h i s Security � ` -
<br /> .'` L�sunmeai sball bind and 6enefit the succe�ocs and assigns of Tn�stor and Beneficial. .
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<br /> ': � 23. APPLICABIE LAW SEVEItABILITY;IIVTERPItETA'�'ION.This Sec�ity.iastrument is gwemed hy the laws of the . -
<br /> .' jorisdiaron ia wldch�enefcciary is lacate�l,except to the extent otherwise reqmred by�the la�ws of tb$jwnsdic�tion where � ' `
<br /> ' • the Pmperty is located. This Security Insuament is wm plete and fully integrated.T6is Secauity Insaument may not be "��":,.;, ,-.
<br /> . ' amended or modified by oral apeemeut.Anq section in t5is Sec�ity,Instmment aaachments.or any agreement related to _
<br /> _� t h e S e c t u e d De bt t h a t ca n ff icts w i t h app ti c a b le l aw w t�l no t be e ffec dve,u n l e s s t�a t l a w e s p r e s s l y o r i m p l i e d i y p e t m i t s t h e `�`:'". _
<br /> . variaaons by wriaen agrce�ens.If any section of this Securiry Instn�ment cxnnot be enfio�ced accarding to its rem�s,that ` _—
<br />- � , . setxion will be severed and will nut affect the enforceab�7ity oP the remainder of this Security Instrument Whenever nsed, �; . ,.'•.��`.�:�_.
<br /> the sin shall iactnde th:. Iu�al and the ]nral the singular.The ca tions and headin of the sectioas of diis Security • r��--�
<br /> �� P P P � • :�`ss;.:°-,A
<br /> , ' � ' In�ument are for comenience only and are not[o be used to interpret ar define the te�s of this Security Insuumetu. �� _-
<br /> __ , ,, T'ime is of the essence in this S�ariry Instnmient. .�� . _ - '
<br /> : Z4. SUCCESSOR TRU�TEE. B�eBciary, at Benefi 's opuoc, may from ame w time remove Tnutee and appoini a f- � ���
<br /> '", - � successor uustee widwut aay azher fo�ality tLan th�es�gnauoa in writin$.19ie svccessor trastee without coaveyance of � !�:,,��< �
<br /> . � , the Pmp erty. sball sucxeed to all the dtle,Power and dnues coaferred upon T:ascce by this Sees�iity Instrament and "�` -
<br /> '. . ' � , ePPlica6le law. . '�_
<br /> . • �`:..�'
<br /> � � Z5. NOTICE.Unless otheiwise required by law any notice shall 6e given by delivering it or by niailing it by first ctass mail '
<br /> , to the appmpreate party's address oa page �of this Security Instramen� or w any otbez address desigaated in wriring. � . , -;�`.,;��
<br /> Notice w one uustor vu�U be deemed to be noace to all aus-tors. >'�:'-:=:,,:
<br /> . , . •.a�;:i,�;_
<br /> � � ' Z6. WAIVEYiS.Except to the extent prohibited by law, TrusYOr waives all appraisement and homestead exemprion rights ' ; ��.'�'
<br /> � •f relating to the Pto�erty. ,�r �„''.�'
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<br /> � � . 27. O'I�IER TERMS. If checked.the following are applicabte w this Securiry Ins�ttument: . '``�:S T.,;
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<br /> � , � � � ❑ Llne of Credit.The Secured Debt includes a revotvin�line of credit pravision.Although the Secuied Debt may be � �.:,••;,�t-•.
<br /> � . reduced w a zera balance.this Security Instnunent wiU reniaia in effect until releasecl. . �.-';
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<br /> ' . . . C7 Consteud[on Y.oan.This Secariry Imstwnent seraues an ubligation incamed for the constcacoion of an improvement ,:.'J.: _ . ;!'��
<br /> n the Property. ,__�
<br /> . ,! �Fixture�71ing.TnLSwr grants to Beneficiary a se�city incerest ia all goods cbat C�autor o�vns now or ia the faaue � , � .:�_�_.'_ '
<br /> aad that are or will become fixtures related [o the Propert�. Tfvs Security Instcument svffices as a finaacins
<br /> . ' _��� statement and any carbon,phowgaphic or other repraducdon may be filal of record for potposes of Articte 9 of the ; `•':;,'';:..`;T
<br /> Unifonn Commerclal Cade.
<br /> , , . O Rideis.The covenants and agreements of each uf c4e riders checked below are incaiporated into and supp2ement and � ,� ,
<br /> ame�the teims of this Security las�trumment.[Che�:k�ll applic;able boxesJ � ' , .
<br /> . . _ . ❑ Condominium Rider ❑ Planned U�ut Develupmeat Rtder ❑ Ot�er........................................... ...... : . � '
<br /> O Additional Termg. . � . • , .
<br /> . S7GNATlJRES:By signing below,Tnutor agrees to the tecros and covenants contairied in this Securiry lnsmmient and in any • � . .
<br /> attachmenu.Tnutor also acknowledges receipt of a wpy of this Security lnstcumeut on the date stated on page 1. •�
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<br /> � '•nature 1`..8 N Swarthout (�to) (Signacure) paul @ �T Swarthout (bate) �
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<br /> ,.. . ACt�tOWLEDGMENT:Nebraska Hall
<br /> ', S'I'ATE OR................................................ COUN,TY P........... ............ }bs. .
<br /> � . �rm��m.�, This iasttument was actuiowledge�before me tliis.... ..rt`.���.. day of... .�'.��/d7��.1���........... � .
<br /> ,: " �y Docglao N Swarthout, Paulotto J Swarthout �
<br /> _ � • � � My cammission expires: �y�p�H01AAr•StaleolReMWFa ........... .��..�� ..... ......... .
<br /> �S"� MAHK f.BRANOL• �i��li
<br /> i � 4��OommE�PADra.ly.tOQI �uw�y w n�i ��
<br />.. � e'1 NE 9/13196 /p�ge 4 0141 . . .
<br /> � t�• 994 Bentero Sta�eme.�no,Se C�oud,Mtl 17�90P397•23471�orm RE-07. .
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