201108836 - Laserfiche WebLink

Browse

�� ` �olioss3c Unless otherwise agreed in wriling, all insurance proceeds shall be applied to the restoration or repair of thc Property or to the Secured Debt, whether or not then due, at Beneficiary's option. Any application of procccds to principal shall not extend or pastpane the due date of the scheduled paym�ent nor change the amount of any payment. Any exccss will I�e paid to the Grantar. If the Property is acquired by Beneficiary, Trustor's right to any insurancc; policies �nd proceeds resulting from damage to the Property before the acquisition sha11 pass to Beneficiary to the extent of the Secured Debt in�mediately before the acquisition. 20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate a�reement, Truslor will not bc reyuired to pay to }3eneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Bcn�i'iciary upon rcyucst, .iny financia] statement or information Beneficiary may deem reasonably necessary. Trustor agrecs to sign, dclivcr, and I'ile any additional documents or certifications that Beneficiary may consider necessary to perEect, continue, ancl �rescrvc Granlor's obligations under this Security Instrument and Beneficiary s lien status on the Property. 22• JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCC�SSORS AND ASSIGNS BOUND. All dutics under this Security Instrument are joint and individual. If Trustor signs this Security Instrument but does not sign an evidenu: of debt, Trustor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or any party indebted under the obligation. These rights may include, but are not 1im�ted to, any anti-deficiency or one-action laws. Trustor agrees that Beneficiary and any party to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any ev�dence of debt w�thoul Truscor's consent. Such a change will not release Truslar from the terms of this Security Instrument. The duties �nd benefits of this Security Instrument shall bind and benefil the successors and assigns of Trustor and Beneficial. 23. APPLICABLE LAW; SEVERABII.ITY; TNTERPRETATION. This Security Instrument is governcd by thc lawti of thc � urisdiction in which Beneficiary is located, exce�t to the extent otherwise required by the laws ot the jurisdiction whcrc the roperty is located. This Security Instrument is complete and fully integrated. This Security Insfrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreemcnt related to [he Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or im�liedly �ermits [hc variations by written agreement. If any section of this Seeurity Instrument cannot be enf�rced acec�rding lc� its terms, that section will be severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall include the plural and the plural the singular. The caplions and headings af �he sections of [his Security Instrument are for convenience only and aze not to be used to xnterpret or define the terms of Ihis Securily Instrumcnl. Time is of the essence in this Security Instrument. 24. SUCCESSOR TRUSTEE. Beneficiary, aT Beneficiary's option, may from time to time remove Trustec and 7ppuinl a successor trustee without any other formality than the designation in writing. The successor truste:c, wi�hout conveyancc ol' the Property, shall succecd to all the title, power and duties conferred upon Trustee by fhis Sccurily Instrument and applicable law. 25. NOTICE. Uniess otherwise required by law, any notice shall be given by delivering it or by rnniling il hy I'irst class mail �c� the appropriate party's address on page 1 of this Security Instrument, or to any other address designalcd in writing. Nolicc to one trustor will be deemed to be notice to all trustors. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement xnd homcslead exem��tion rights relating to the Property. 27. OTHER TERMS. If checked, the following are applicable to this Security Instrument: � Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Deht may be reduced to a zero balance, this Security Instrument will remain in effect until released. � Construetion Loan. This Security Instrument secures an obligation incurred for the constructia� ol' <in improvement on the Property. 0 Fixture Filing. Trustor grants to Beneficiarq a security interest in all goods that Grantor owns nc�w or in the future and that are or will become fixtures related to the Property. This Security Instrument suffices as a�nancing statemenl 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 incorporatcd into and su�nlement and amend the terms of this Security Instrument. [Check a11 applicablc boxes] � Condominium Rider C] Planned Unit Development Rider C] Other 0 Additional Terms. SIGN RES: By signing Uelow, Trustor agrees to the terms and covenants containecl in lhis Securily Instrument and in any atta me s. Trustor so ac receipt of a copy of this Security Instr ent an the dat stated on pagc l. . _ y� - -- -------- --- -- - ��_------- - ��c�.Q,� _`��Z ��'��u�-' - - - ( nature) Jason C Olderbak (Signature) Gabriel M Olderbak - --------- — — ----------------------------- (Signature) (Date) ACKNOWLEDGMENT: STATEOF__N�brask�_ ________________ � 1n0ivi � ° "�� This instrument was acknowledged before me this �y „ Jason C Olderbak and Gabriel M Olderbak -- ------------- My commission ex ires: �;� _ �� GENERAL NOTARY - S�te of Nebr�ska JANICE K. BOEHLE �Y Camm. Fxp. Mardi 27, 2pt3 -------------- — — -------�-- -- ---__. .-- (Signature; (patej , COUNTY OF HaII } ?nd day of Noyember 2011 isband and wife _ a/k/a_Jason �lderbak & Gabriel Olderbak �N�r.�� i��r�� ,Fj(j��"' Q 1994 Bankers Systems, Inc., St. Cloud, MN Form RE•DT-NE 1/30/2002 (page 4 of 4) �� C 16 5(N E) �o ao i� Loan Number �cx�c-)pc-Xx�018 S165NE (01/10)