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<br /> Unlcss otherwise ugreed in writing,aU insurance proc;eeds shall bc applicc! to the restor�tion or repafr af the Property
<br /> or to tl�c Secured Dcbt,whethcr ur not then due,at L,c:.nder's option.Any applicntion ot proceeds tu principal shall not : ,
<br /> • ' cxtcnd or postponc thc duc datc of the scheduled payment nor changc the amount of any paymcnt.Any cxccss will bc
<br /> j paid to the Grantar. If the Property is acquired by I.ender, Grantor's right to any insurancc policics And pracecds ..
<br /> resulting from damagc to thc Property beforc thc acquisition shull pass to Lender to thc extcnt of thc Securcd Debt ��r
<br /> • immcdiatcly beforc thc acquisition.
<br /> . .; .�:�. Z0, ESCROW FOR TAXES AND ItVSURANCE.Unless othcrwisc pravided in a separatc�grecmcnt,GrAntor will not ;,..-
<br /> be requircd to puy to Lcndcr funds for taxes and insurance in escrow. �'�•=
<br /> ,»�t�++�C""�� 21. FIPIANCIAL REPORTS AND ADDITIONAL DOCUMENTS.Grantonvill providc to Lcndcr upon requcst,any :;;
<br /> ��,•������'�' financial statement or information L.ender may deem reasonably necessary.Grantor aErces to sign,deliver, and Glc •`::�.-
<br /> = any additional documents or certi6cations that Lender may consider neassary to perfect,continue,and prescrve ..:t
<br /> ;� Grantor's obligations under this Security Instrument and Lender's lien statuson the Property. �;��;
<br /> , ;t � Z2. JOINT AND INDIVIDUAL LiABILiTY;CO•SIGNER5;SUCCESSOAS AN�ASSIGNS BOUNQ. All duties __-
<br /> � under this Securiry Instrument are joint and individual.If Grantor signs t.�isSccurity Instrument but does not si�n an �_-
<br /> evidence of debt,Grantor does so only to mortgage Grantor'S interest in the Property to secure puyment of the =_
<br /> � Secured Debt and Grantor does not agrce to be personally liable on the Secured Debt,If this Security Instrument —
<br /> secures a guaranty between Lendcr and Grantor,Grantor agreet to waive any rights that may prevent Lender from
<br />-. �� � *'� bringing any action or claim against Grantor or any party indebted under tl�e obligation. These rights may inclucie,but
<br /> are not limited to,any anti-deficiency or one-action laws.Grantor agrees that Lencler and any party to this Security _
<br />- � Instrument may extend,modify or make any change in the tenns of th�s Security Instrument or any evidence of debt x.
<br /> ,� without Grantor's consent.Such a change will not release Granror from t�e tertns of this Securicy Instrument.The -_
<br /> ' duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Grantor and Lender.
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<br />,! . . . :ry - 23. APPLICABLE LAW;SEVERABILITY;INTERPRETAT[ON.1 his Security Instrument is governed by the laws of =
<br /> .� the jurisdiction in which Lender is located, except to the extent otherwise required by the Iaws of the jurisdiction
<br /> , . •� where the Property is located.This Security Insirument is complete and fullyintegrated.This Security Instrument may _
<br />����-� nat be amended or rnodified by oral agreement. Any section in this Security Instrument, attachments. or any _
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<br />-;;=�.::� � ,,' agreement related to the Secured Debt that contlicts with applicable law will not be effective,unless that law expressly
<br />=ti�.;;,,A�,� or impliedly pernuts the variations by written agreement.If any section of this Security Instrument cannot be enforced
<br />�;,,':.J,.:;, _,.. according to its terms,that section will be sevcrcd and will not affect the enforceability of the remainder of this
<br />•r' �,``�' Security Instrument.Whenever used,the singular shall include the plural and the plural the singular.The captions and
<br />�.;::;.:i. :t• headines of the sections af this Security Instrument are for convenience only and are not to be used to interpret ar
<br />��7�`�'^s' define the terms of this Security Instrument.Time is of the essence in this Securiry lnstrument.
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<br /> x__.f.�.r+w�. ' 24. SUCCESSOR '�RUSTEE. Lender,at Lender's option,may from timeto time rernove Trustee and eppomt a
<br />�'`�`- ��:,�:R�r successor trustee without any other formality than the designation inwriting.The successor trustee, without
<br /> -�-�- � r : cvnveyance of the Property,shall succ:eed to atl the title,power and dutia confened upon Trustee by this Security
<br /> �:�,..�-��,r�. Instrament and applicable law.
<br />-� -� .^�„� 25. N�TI�E.Unless otherwise required by law,any notice shall be given by delivering it or by mailing it by�rst class
<br /> ----a�==�= mail to tl�e appropriate party's address on page 1 of this Security Instrurnent,or ta any other address designated in
<br /> =`=""�� writing.Notice to one grantor will be deemed to be notice to all grantars.
<br /> `4�"�� 26, WA[VERS.Except to the extent prohibited by law,Grantor waives all appraisement and homestead exemption rights
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<br /> — -�,_,.,�.._� reladng to the Property.
<br /> - --�°a��� 27. OTHERTERMS.If checked,the following are applicable to this Security Instrument:
<br /> ��m� 7i�1 Une oi Credit.The Secttred Debt includes a revolvin�line of credit provision.Although the Secured Debt
<br /> �" �- - may be reduced to a zero baiance,tbis Security Instrument will rernain in effect until released.
<br /> ��' - ❑ Construction Loan.This Security Instrument secures an obligation incurred for the construction of an
<br /> -- - - --- improvement on the Property.
<br /> ❑ Fixture Ftiling.Grantor grants to Lender a security interest in all goads that Grantor owns now or in the
<br /> T- - fature and that are or will become fixtures related to the Properly. This Security Instrument suffices as a
<br /> - "� �� financing statement and any carbon,photographic or other reproduction may be Rled of record for pvrposes
<br /> - - of Article 9 of the Uniform Commercial Code.
<br /> �--'-- ❑ Ridere.The covenants and agreements of each of the riders checked below a�e incorporated into and
<br /> r__� supplement and amend the terms of this Security Instrument.(Check all applicable boxes]
<br /> �___..� •
<br /> --_ ❑Condominium Rider ❑Planned Un�t Development Rider ❑Other
<br /> ___ �-,;�,,� ❑ Addltional Terms.
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<br /> - ;�. SIGNA'['IJRES:By signing below,Grantor agrees to the terms and covenants contained in this Security Instrument and in
<br /> -- any attachments.Grantor also acknowledges receipt of a copy of this Security Instrument on the date stated on pa�e 1. �r-;�-
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<br /> .. ..' _�Q!�`�...�).Rt�..... 03/04/97 �X�— � 03/04/97 �
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<br /> " . •'` �'��'A`°"� (iORDQN LEE 01QE I LL `"a" ,s'°'."..., ctaii��iv !l IJtYA 1 LL •-- • -
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<br /> ACKNOWLEDGMEN'lti HAL L •
<br /> . STATE OF..NEBRASKA.................................. .CO�J�'Y OF ................. �
<br /> ��.�e�,� "MARCH....................�'g9'7.. ss.
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<br /> My commission expires: //_ - '
<br /> (Scal) ... .:�►+��...........��.......... '
<br /> (Notnry Puhlic) •
<br /> GENERAL NOTARY•St�le ol NebrasMa
<br /> � � , �KATHLEElJ A.SCHLACiiTER � � ' ' �
<br /> Fry Comm.E�0.M�y 21.2000
<br /> O t991 Oan4n 6�pems.Y�e.6�Cbud.MN(t�E0o-397•2311)Fam RE•DT•NE&6'B4 (p8QB 4 Of 4J
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