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<br /> Unless othcrwisc agrecd in writing,all insurancc procecds shall hc applicd to thc restoration or repair of thc Yroperty
<br /> or to thc Secured Dcbt,whethcr or not thcn duc,ut L�:ndcr's option.Any application of prucceds to principal shall not
<br /> �" extend or postpone thc duc datc oi thc schcduled paymcnt nor chiinbe thc amount of any paymcnt.Any excess will be
<br /> � puid tu the Grantor.If the Property is acquired by l.ender, Grantor's right to any insurance polici�s and proceeds
<br /> � resulting from damuge to thc Property before the acquisition shall pnss to L.endcr to the exten�of thc Securcd Ucbt
<br /> imn�ediately beforc the acquisition.
<br /> �i� Z(1. ESCROW COR TAXES AND TNSURANCCe Unless othcrwisc providcd in a separate agreement,Grantor will not
<br /> be required ta pay to Lender tunds for taxes and insurance in cscrow.
<br /> ���+``°� � Zl. FIIVANCIA4 ItEPORTS AND ADDITIONAL DOCUMIENTS.Grantor will providc to Lendcr upon request,any
<br /> °•*-�w""'� ; Gnancial staten�ient or information Lender may deem reasonably necessary.Grantor agrees to sign,dcliver,and�Ie .
<br /> <� any additional doauments or certifications that L.ender may cons�der necessary to perfect. continue,and preserve
<br /> . ; Grantor's oblibations under this Security Instrument and Lender's lien status on the Property. °�
<br /> :c � 2z. JOINT AND INDIVIDUAL LIABILITY;CO•SIGNERS;SUCCESSORS AND ASSIGNS BOUNU.All dutics ���'-
<br /> under this Securiry Instrument are joint and individual.If Grantor signs this Security Instrument but does not si�n an �_-
<br /> , evidence of debt, Grantor does sa only to mortgage Grantar's interest in the Property to secure payment of the c=
<br /> Secured Debt and Grantor does not agree to be personally liable on the Secured Debt.If this Security Instrument �:_-
<br /> secures a guaranty between Lender and Grantor, Grantor agrces to waive any rights that may prevent I_cnder from ----
<br />_�� bringing any action or claim against Grantor or any party indebted under the obligation.These rights muy include,but
<br /> . � are not limited to, any anti-deCciency or une-action laws.Grantor agrees that Lender and any party to this Security
<br /> � � Instrument may extend.modify or make any change in the terms of this Security Instrument ur any evidence of dcbt =-
<br />� � without Grantor's consent. Such a change wdl not release Gruntor from the terms of this Securit,y Instrument.The —
<br /> duties and benefits of this Security Instrument shall bind and beneGt the successors and assigns of Grantor and Lender. _
<br /> -� ",� � 23. APPLICABLE LAW;SEVEKABIL�Tl';INTERPRETATION.This Security Instrument is governed by the laws of -__
<br /> the jurisdiction in �vhich Lender is located,except to the extent otherwise required by the laws of the jurisdiction
<br /> .. _ where the Property is l�cated.This Security Instrument is complete and tully integrated.'Ihis Security Instrument may =
<br /> � � not be amended or modified by oral agreement. Any section in this Security Instrument, attachments,or any
<br /> . �+ agreement related to the Secured Debt that conflicts with applicable law will not be effectivs.unless that law expressly _
<br /> , .„ or impliedly perrr►iu the variations by written agreement.If any section of this Security Instrument cannot be enforced
<br /> :r.,. . according to its terms. that sectiun will be severed nnd will not affect tl�e enforceability . f the remainder of this
<br />- Sccurity Instrument.Whenever used,the singular shall include the plural and the plural the singular.The captions and
<br />=_+� headines of the sections of this Security Instrument are for convenience only and are not to be used to interpret or
<br /> " ' "'�''' define the terms of this Security instrument.'Time is of the essence in tn�s Security instrumenc.
<br /> ?•4. SUCCESSOR TRUSTBE.Lender, at Lender's option, may from time to time remove Trustee 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 succeed to all the title,power and duties confened upon Trustee by this Secudty
<br />"=�'��''������� Instrument and a�plicable law.
<br /> :;;,..,.�. ,..,,
<br />__:=�-�;••�:�. 2S. NO'IqCE.Unless othenvise requircd by law,any notice shall be given by delivering it or by mailing it by first class
<br /> �x`��'-°�•. mail to the appropnate party's address on page 1 of this Security Instrument, or to any other address designated in
<br /> -,-_.-,..
<br />�'���-�,� � writing.Notice to one grantor will be deemed to be notice to all grantors.
<br /> i-�';—'`';'s
<br />_�.:-_`:__�_` 26. WAIVERS.Except to the extent prohibited by law,Grantor waives all appraisement and homestead exemption rights
<br />��•:��,"":,., �� relatingtotheProperty.
<br /> �Y'.'C:h���','�r:`.
<br />—='-�-- 27. OTHER'TERMS.If checked,the following are applicable to this Security Instrument:
<br />=�--�;:_.:
<br /> __=--_��'�� (�{I�.ine oi Credib The Secured Debt includes a revolving line of credit provision.Although the Secured Debt
<br />��`""�`'��r'. may be reduced to a zero balance,this Security Instrument will remain in effect until released.
<br />----=='V`��
<br /> ❑ Constructian Loan.This Security Instrument secures an obligation incurred for the canstruction of an
<br /> __ -_----�-,� improvement on the Property.
<br />� �=-°'*'��� O �ixture Fil(ng. Grantor grants to Lender a security interest in all goods that Grantor owns now or in the
<br /> -JyL��Y� future and that are or will become fixtures related to the Property.This Security Instrument sufCces as a R_
<br /> _..._....,�::•.
<br /> _,;,,�R�_ financing statemeni and any carbon,photographic or other reproduction may be filed of record for purposes
<br /> -r__^.,�e_..�� of Article 9of the Unifoxm Commercial Code.
<br /> �'�"T-J9i— ❑ Riders.'The covenants and agreements of each of the riders checked below are incorporated into and
<br /> ----------
<br />���__�..—s
<br /> --- supplementand amend the tcrms of this Security Instrument.[Check all applicable boxes
<br /> j'�`'�_��.;�. ❑Condorninium Rider ❑Planned Unit Development Rider ❑Other..........................................................
<br />_- ;ix;�'��r.'� ❑ AdditionalTerms. --
<br /> - .�.,.
<br />_�;' .. —
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<br /> ,���" curit Instrument and in -:
<br />_ �IGNATURES:By signing below,Grantor agrees to thc tcrms and covenants contamed in this Se y. �_.
<br /> �- � � any attachments. Grantor a ackno�vled�es receipt of a copy of this Sccurity Instrument on the date stated on page 1. �_�_:
<br /> �.;
<br /> _ . . ��...,
<br /> � � f� �-�c 02/19/97 ���'
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<br /> '� /� .... ...... 'in.��� }c.. e�....i��;�� T��.�� (Dntc) �...
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<br /> (/ V JUUIUA VDULLlrn�� _
<br /> _ ; , �� ACKNOWLEDGMCNT: NEBRASKA 1v�r y�p HALL
<br /> „ .� STATE OF............................................................. COU_�9Tti F........................FEgKUARY..........�.q.9.�ss.
<br /> - . (Indniduall �TI115 1 gtru e Iw ac n e e day of...............................................................
<br /> .. by...R�U.J,O�S�L6I1���1.��.Y��.��O���t��9�k,"��s��u'.�A�.:�'t�;:�.................................... ..................................
<br /> ..... .................. ..... ....... .. ........ ..... ... ... ......
<br /> - My comrnissian expires: ,/I
<br /> �� "
<br /> � �sent) ...... . . r.�...e�... c�'.�r�.�..�.,�: . .........
<br /> (Notnry Whlic)
<br /> � • II GENERA�NOIARY•Sl�teolNehraski
<br /> KATHLEEN A.SCNLI4CHTER (pa9a 4 0�4)
<br /> O iD9�Benten6yeteme.tnc.51 CfoW.MN(�-0Oa99�•YS��1 Fonn RE�OT•HE 8l0rBt MyComm.E�p.May 21,2000
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