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<br /> � �• Unless othen�rise agreed in writing,all ir,��.Y+nce proceeds shall be applied to the res�orauo�o repair of the Property ` ` _
<br /> ` " or to the Secured Deb�wheiher or nat then due,at I xn der s option.Any app lica tion o f pr o ce e d s t o p r i n c i pal shaU not `_
<br /> ' extend or postpone the due date of the scheduled payment nor change the amotint of any.payment Any excess vuill be `. �'�
<br /> paid to the Grantor.If the Property is aoquired by Leader,Grantor's sight to any insurance policies and praceeds � � � ` -
<br /> " " � resuiting from damage to the Property before the acquisition shati pass to Lender to the exteat of the Secured Debt `,��`�, : .
<br /> � immediately before the acquisition. • �'�:z'.c.��;;. -
<br /> = - " � Ztb FSCROW FOR TAXES AI�iIilSUtiAiil�E.Unteu ulhenvise flrovided in a separate agreement,Grantor will aot • •• • _.�-,A'``"
<br /> ' . � :�v-• be required to pay to Lender funds for taxes and i►,���n��escrow. '` �� _ � . ,
<br /> -_ � �- �:` :. 21. F'IIVANCI�►L IaEFORI^5 a►ND ADDYITONAL DOCUMEI�'I5.Grantor wili provide to Lender upon request,any .-},�:;. ,.�"`�;
<br /> --- - - - fmancial sEatesneui or information Leader may deem reasonably necessary.Gr�ntor agrees to sign.de6ver,and file ___ __� _<_
<br /> � any additional documents or certifications that Lender may cons�der necessary ta perfect,wntinue,and preserve �
<br /> "° � � � �. Grantor s obligations under this Security Instrument and Lendei s lien status on the Property.
<br />`��� � 22. JOIN'II'AND INDIVIIDUAL LIABd.ITY;CO-5IGIVERS;SUCCESSORS AND ASSIGNS BOUND.All duties `
<br /> _ • _ under this Secarity Instrument are joint aad individual.!f Grantor signs ihis Security Instrwnent but does not sign art _ � ,�'�� � ��
<br /> ' evidence of debt,Grantor does so only to mortgage Grantor's interest in the Property ta secure payment of the - �--
<br /> � ' � Secwed Debt and Gtantor does aot agree to be peisonally liable on the Secured Deb�if ttus Security Instrument __—
<br /> `-� . � - • secnres a guaranty between Lender and Grantor,Grantor agrees ta waive any rights that may preveat Lender from •-_
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<br /> � _: � bringing any action or claim ag�inst Grantor or any party indebied uader the obligatian.These rights may include,but _
<br /> :� � ` ' , are not tunited to.any anti-deficiency or one-action taws.Grantor agrees Wat Lender and any party to this Security ;;���'
<br /> ` ' '; Insmiment may extend,modify or make any change in the terms of this Seauity Instrument or any evidence of debt �,`��>' :
<br /> `}• ' �
<br /> - - � '�-;� without Grantor's consent.Such a change will not retease Grantnr fram the terms of this Security Instrument The
<br /> �. �� duties and beaefits of this Security Instrument shall bucd and benefit the suocessors and assigns af Grantor and L.ender. �,.,'ti•�.�� -
<br /> = 23 AEPIdCABLE LAW;3EVERABILITY;INTSRPRE'�A'1'ION.This Security Insirument is govemed by the laws of �:`_--
<br /> ;��, , .� ' the jwisdiction in which Lender is located escept to the extent otherwise required by the laws of the jwisdiction �;;-1i„•.�.",�
<br /> �'_`� where the Pro e c�located'I7iis Securi Instra�aent is com lete attd t ted.Tdis Securi Instrument ma '�`,`���`'`•�•���`�_�_,
<br /> _. . P nS+� LY P �Y�� tY Y _ �
<br />� � -- not be amended or modified by oral agreement. Any section in this Security Instrument,attachments,or any • �'. �.��. __
<br />''''" • r '' a eement related to the Secured Debt that ronflicts with applicable law will not be effecti�e,unless that law expressly . ' � � _-
<br /> ` or�impliedly permits the variations b}writtea agreemen�If any section of this Security Ins�vmeat cannot be enforced r� -
<br /> ,
<br /> • according to its terms, tLat secrion mll be severed aad arill not affect the enforceability of the remainder of this
<br />�'�.._. .. ' . Security Instru�nen�Wlfenever used.the singular shall include the plw�al aad the plural the singular.'I'he captians and 5 ��'=��-
<br /> headings of the sections of ihis Security Instrument are for comrenience only and are not to be used to interpret or -;,�:"�"'���-
<br /> _.;�..,�.,
<br />`t<_+. • � • . define the terms of this Security Insdvment.Time is of the essence in this Security Instrumen� ''-'" � �"• - -
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<br /> �'i . ' Z4. SUCCESSOR TRIIS'!'EE.Lender,at Leader s option.may fram 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 /> ' •� ;,--
<br /> �- �. � conveyance of the Property,shall sacceed to aIl the title,power and duties conferred upon Trustee by this Security �5; _
<br /> Instrument and applicable law. ',�..r, . ;�;-��
<br /> � Z'+. NOTICE.Untess otherwise required by law,any notice shaU be given by delivering it or by mailing it by first class , • �.
<br /> � • mail to the appropriate party's address on page 1 of this Security[nstrument,or to any other address designated in :;�� , '��
<br /> !-` � � y'l, writing.Notice to one grantor wili be deemed to be natice to a11 grantois. .�.:-�:= �,.'°^
<br />'�,;;-� � . �. ��� - 2b. WAIVEIY.S.Except to the extent prohbiteu by law,Grantor waives all appraisement and homestead exemption righu :,.J- •_�:�
<br /> � . relating to the Property. � �`�'-
<br /> .. �.;,._
<br /> " 27. OTHER'!'��tMS.If checked,the following are applicable to this Security Instrument: �`'.��`
<br /> . X�7 Line of C►edI�The Secured Debt inetudes a revolving line of credit provision. Although the Secured Debt ' . .':'.�;�.
<br /> ; . � � ' may be reduced to a zero balance.this Security Instrument will remain in effect until released. ' _:�-
<br /> ' ' ' ' � ❑ Conatrudion Loan.This Security Instrumem secures an obligatian incurred for the construction of an � ``;.�;
<br /> 1� improveinenton the Property. . ,"�
<br /> ' � ❑ Fixture Fting.Grantor granu to Lender a security interest in all goods that Grantor awns now or in the ° � . ---
<br /> � ! future and that are or a+ill become fixtures related to the Property.This Security Instrument su�ces as a
<br /> .. ,' . ',; fmancing statement and any carbon,photographic or other reproduction may be filed of record for purposes .
<br /> . � ; of Article 9 of the Uniform Cammercial Code. .. . • : , .
<br />- . � � . ❑ Riders.The covenants and agreements of each of the riders checked below are incorporated into and • � . •
<br /> , • supptement and amend the terms oi this Security Instrumer.t.[Check all applicable boxes] . t
<br /> . • ❑Condaminium Rider ❑Planned Unit Development Rider ❑Othcr.......................................................... . , , '
<br /> " ❑ Addttional Ter�. • .
<br /> °} . S1GNA7URES:By signing below.Grantor agrec:s to the tcrms and wvenants contained in this Sccurity lnstrument and in � : � :
<br />, , any attachments.Grantor also acknowledges receipt of a copy of this Security lnstrument on thc datc stated on page 1. ' ..
<br /> • � ' �
<br /> ' ; ..�!.\.�L.. 2/26/98 ..� � 02/26/98 .
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<br /> �Signa rcl J EL W 1 EGAND fuatc) (Signaturc) RRY R W AND ��lUatrj�
<br /> • � � ACKNOWLEDGMEIV'�EBRASKA '
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<br />. • IN�+tary I'ufihcl � .
<br /> ; , ' � GENERAI HOTAA7 S13te o�Nebras�a
<br /> � OAVIOF.DONMFN
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