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<br /> Unles.s uthenvisc:agreed in writing,aU insurance proceeds shall be applied to thr rcstoration c�r repair of the Property , •�. }_
<br />° or to the Secured Debt,whether or not then due,at Lender's aption.Any application of pn�crreis to pnncipal shall nut • F_
<br /> extend or postpone ttie due date of the scheduled paytnent nor change the amount of any payment.Any excess will he , . �"'�
<br /> paid to the Grantor. If the Property is acs�uired by Lender.Grantar's right to any insurance policies and proceeds . . _�
<br />= resulting fram damage to the Property before the acquisition shall pass to Lender to thr extcnt of thc Secured Debt �
<br /> ' immediately before the acquisition. ,, ...`
<br /> , 20. ES�ROW FOR TAXFS AND iNSURANCE.Unless otherwise provided in a separxte agrrement.Gr.�ntor will not � ' � `
<br /> be required to pay to Lender funds for taxes and insurance in escrow. • ` . .
<br /> -- 21. FIIVAI�ICIAL REPORTS AND AYDDITIONAL DOCHJRREATlS.Grantor�vill provide to L�:nder upon request,any ', • '
<br /> financial statement or information Lender may deem reasonably necessary.Grantor agrces to sign,delivcr,and file . � ' ,-;�
<br /> ' any additional documents or certifications that f.ender may consider nccrssary lo prrfcct, cuntinue,and prrservc - . --- - �_
<br /> ' Grantor s obGgations under this Security Instrument and L.ender's lien status on the Property. ,. �,� • � •
<br /> 22. JOIlVT ,�iND INDIirIDUAL LIABILITY;CO-SIGNERS;SUCC�SSiDRS AND ASSIGMS BOUPJID.All dulies . " .-
<br /> under this Security Instniment are joint and individual. If Granior s�gns this Security Instrument but does not sign an �;�• . . - � =
<br /> �;; evidence of debt,Grantor daes so only to mortgage Grantoi s interest in the Property to secure payment af the ��-•--...,�;..,;, ._-�
<br /> . Secured Debt and Grantor does rtot agree to be personally liable on the Secured Debt. If this Security Instrument - � •-
<br /> secures a guaranty between Lender and Grantor.Grantor agrees to waive any righu that may prevent Lender from -. r-� �� � '
<br /> � ' brin ' an action or claim a atnst Grantor or an �ndebted under the obli ation.These ri ts ma include,but ' •'�' '�`�'; :- �� ,•,:,
<br /> f �g Y g Y P�Y 8 P� Y
<br /> are not limited to,any anri-de6ciency or one-action laws. Grantor agrees that Lender and any party to this Security '� '�
<br /> '',; Insuument may e�ctend,modify or make any change in the terms of this Security Insuument or any evidence of debt � �- .__
<br /> ' without Grantor's consen�Such a change will not release Grantor from the terms of this Security Instrument.The ..I`n�a�-_� •
<br /> .= duties and benefits a[this Security Instrument shall bind and benefit the successors and assigns of Grantor and Lender. � ;,��;
<br /> 23. APPLICABLE LAW;SEVEltAB�.PfY;INTERPRETAT(ON.This Security Instnunent is govemed by the laws of � ��."" _—
<br /> the jurisdidiou in which Lender is located,except to ttte extent othenuise required by the laws of We jurisdiction '�
<br />' , where the Property is located.This Secwity Instrument is rnmplete and fully integrated.This Security Instrument may ; ;;-",� -� _.
<br /> not be amended or inodified by oral agreement. Any section in this Security [nstrument, attachments, or any --�?����'�--'=-
<br /> agreement related to the Secured Debt that conflicts with applicable law will not be effective,unless that law expressly -•'�.��s��:�y '
<br /> or impliedly pemdts the variations by written agreement.If any section of this Securiry Instrument cannot be enforced � -
<br /> according to its terms,that section will be severed and will not affect the enforceability of the remainder of this �"%�'�` ' "
<br /> Security Instrumen�Whenever used,the singular shall include the ptural and the plural the singWar.T'he captions and '�"�'"'`"�" �. `�-
<br /> �• headings of the sections of this Security [nsuument are for wnvenience only and are noi to be esed to interpret or : ;s�,=` "• ' �
<br /> - define the terms of this Security Instrument.Time is of the essence in this Security Instrument. -
<br />. . 24. SUCCESSOR'i'RUSTEE. Lender,at Lender's option, may from time to time remove Trustee and appoint a �:`vs;•�.��
<br /> successor trustee withont any other formality than the designatian in writing.The successor trustee,without ? • �•.;iK:�;�- -
<br /> conveyance of the Property,shall succeed to all the title,power and duties conferred upon Trustee by this Security <i'r:� �
<br /> . Instmment and applicable law. �
<br /> � ..� ?S. N07'[CE.Unless otherwise required by law,any notice shall be given by delivering it or by mailing it by first class .;5�± - _`
<br /> , mail to the apprapriate party's address on page 1 of this Security Instrumen�,or to any other address designated in =
<br /> .,!. writiag.Notice to one grantor will be deemed to be nouce to all grantors. ���;'.' � '�'
<br /> �
<br /> 2b. WANERS.Except to the extent prohibited by law.Grantor waives all appraisement and homestead exemption rights . '�, �_ �,__
<br /> . relating to the Property. ':_,; ;--,.
<br /> ' 27. OTHER TERMS.If checked the following are applicabte to this Security Instrument: _._ _ , �-'�
<br /> $8 Line of Credt�The Secured Uebt includes a revolving line of credit provisson. Although the Secured Debt �����
<br /> ;`� may be reduced to a zero balance,this Security Instrument wiU remain in effect until released. '
<br /> ❑ Canstraction Loan.This Security Instrument secures an obligation incurred for the construction of an �,.-,�_, —
<br /> improvement on the Property. ;� _
<br /> ❑ Flxture F�7ing.Grantor grants to Lender a security interest in all goods that Grantor owns now or in the - I "'�'"_� ��
<br /> • future and that are or will become fixtures related to the Property.This Security Instrument suffces as a �.� -.=
<br /> financing statement and any carbon,photographic or other reproduction may be filed of record for purposes -
<br /> ' of Article 9 of the Uniform Commercial Code. - 7�''�
<br /> ❑ Riders.The covenants and agreements of each of the riders checked below are incorporated into and - -
<br /> - _...
<br /> supplement and amend the terms of this Security Instrument.[Check all applicable boxes] � .
<br /> .:� ,. •
<br /> � ❑Condominium Rider ❑Planned Unit Development Rider ❑Other.......................................................... �` � • � —
<br /> � ❑ Addit�ona!Terms. - •
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<br /> , SIGNATURES:By signing below,Grantor agrees to the terms and covenants contained in this Security Instrument anJ in "�``"—`'�"`""
<br /> any attachments.Grantor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. �`:_;���,
<br /> �--.
<br /> .... ...................... ... .. fl1C.�...�.�L���................................. �� ���
<br /> 03/14/97 `�, 03/14/97 - : • : . _.._
<br /> ...... ...... ... .. . ....... . . .,.:
<br /> , (SiQnaturc) CAI9PIN R PERALES (oatc) sign3k�urej LISA S PERALES (Date� • _
<br /> , . .�
<br /> . " ACKNOWLEDGMENT:NEBRASKA HALL �' �
<br /> STA'I'E OF..............................................................COiJ�y OF.................... ' � ' . � ' —
<br />� Ilndmdual) 'rh� 1 ��dy, f th''� i�1'x day of.......M�KKCA................2:�9'T.E ss. ._ . .
<br />' �l�Q���A��Q�i ��EBALE���3 I�D�U�D'T[FB............... ............. � • .. :.
<br /> by........................................................................................ ..... ...................._........ ......................... �
<br /> .................... ....... .......
<br /> '` My commission expires: (�'' ' ,�
<br /> . tsea�� .......�Y.C..���1.��(�W4�.......................... � . .. .. .
<br /> (Notarypublic) . --.
<br /> ��� GENERI?t NOTARY•Sbte oi Ilebrasta . . ,' —
<br /> SCOTT C.KISS�ER
<br /> M)fi�mm.E�p C7ay 31.1998 � —_
<br /> ��9Sf&vucorsSyslem�.us.St CbuA.6W(�-800397-2341)Form REDT�NE 8iR19A (p84B 4 014) � � � .(" ':..
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