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20ii0�07G Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to the Secured Debt, whether or not then due, at Beneficiary's option. Any applicarion of proceeds to principaI sha11 not extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquized by Beneficiary, Trustor's right to any i;nsurance policies and pzoceeds resulting from damage to the Property before the acqtusrtion shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition. 20. ESCROW FOR TAXES AND INSiJRANCE. Unless otherwise provided in a separate agrcement, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in eserow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary u�on request, any fmancial statement or information Beneficiary may deem reasonably necessary. Trustor agre�s to sign, dehver, and file any additional documents or certifications that Beneficiary may consider necessary Co perfect, continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary s lien status on the Property. 22. JOINT AND INDIVIDUAL LIABILITY? CO-SIGNERS; . SiTCCESSORS ANll ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Trustor signs tYus Security Instnunent but does not sign an evidence of debt, Trustor does so only to mortgage Trustor's ittterest in the Property to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If tYus Security Instrument secures a guaranty between Beneficiary and Trustor, Trustor agr�s to waive any rights that may prevent Benefieiary from bringing any action or claim against Trustor or any party indebted under the obligation. These rights may include, but are not limited to, any anti-deficiency or one-acrion laws. Trustor agrees that Beneficiary and any party to tlus Security InstrunnenC may extend, modify or make any change in the terms of this 5ecurity Instrument or any evidence of debt v�nthout Trustor's consent. Such a chattge will not release Trustor from the terms of tYus Security Instrument. The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Trustor and Beneficiary. 23. APPLICABLE LAW SEVERABILITI'• INTERPRETATION. Tlus Security Instrument is governed the laws of the � urisdiction in which I�eneficiary is locateci, exce�t to the extent otherwise reqtured by �th�e laws of the �unsdiction where the roperty is located. This Secunty Instrument is complete and fully integrated. This Security Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any, agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or unpliedly pernuts the variations by written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that section will be severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular sha11 include the plural and the plural the singular. The captions and headings of the sections of this Security Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Insmiment. Time is of the essence in this Security Instrument. 24. SITCCESSOR TR.USTEE. Beneficiary, at Beneficiary 's option,.may,from time to time remove Trustee and appoint a successoz trustee without any other formality than the designation m wnting. The successor trustee, without conveyance of the Property, sha11 succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and applicable law. 25. NOTICE. Unless otherwise required by law, any notice sha11 be given by delivering it or by mailing it by, first class mail to the appropriate party's address on page 1 of tlus Security Instrument, or to any other address designated m writing. Notice to one trustor v�nll be deemed to he notice to a11 trustors. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Property. 27. OTHER TERMS. If checked, the following aze applicable to this Securiry Instrument: C� Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt ma.y be reduced to a zero balance, this Securiry Instrument will remain in effect until released. � Construction Loan. This Security Instrument secures an obligation incurred for the construction of an improvement on the Property. [� Fixture Filing. Trustor grants to Beneficiary a security interest in a11 goods that Grantor owns now or in the future and that are or will become fixtures related to the Property. This Security Instrument suffices as a financing statement and any carbon, photographic or other reproduction may be filed of record for purposes of Article 9 of the Uniform Commercial Code. [� Riders. The covenants and agreements of each of the riders checked below are incorporated into and supplement and amend the terms of this Security Instrument. [Check a11 applicable boxes] 0 Condominium Rider [� Planned Unit Development Rider 0 Other ------------------------------------------------------- 0 Additional Terms. SIGNATLJRE5: By signing below, Trustor agrees to the terms and covenants contained in this Securiry Instrument and in atty attachments. Trustor also acknowledges receipt of a capy of this Security Instivment on the date stated on page 1. � , ��!��----�-------=-- - ------- -------------------------------- ----- --- -- ��--------tC�� , (signature) T o d d C J a C o s o n �na�e� �sign�cure� R h o n d a M J o b s o n (nace) ACKNOWLEDGMENT: . , COUN'I'Y OF Hal 1-------------------------------------- 26th______________ day of October _ 2011____________ on____Husband__anc��Jife __ - - --- ------------- }ss. STATE OF Nebraska____________________________________ �'° This instrument was acknowledged before me this by Todd_,C_Jacobson_,,_Rhonda__M__Jacobs My commission expires: 0 5 I 19 I 2 013 ------------------ (Notary Public) Kevin Ottman GENERAL NQTARY • State of Nebraska Qc 1994 Wolters Kluwer Financial Services - Bankers SystemsT� Form RE-DT-NE 12/15/2008 f�VVIN OTTMAN (page 4 of 4J VMP �-C165(NE) (o�oaf MyC�nro. Exp. May i9, 2013 ,'