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<br /> C.�niess otherwise agreed in writing,all insurance proceeds shall Ue applied to the restoration or repair of the Property ' � ' -'
<br /> or to the Secvred Debt,whether or not then due,at Lender's option.Any application af proceeds to principal shall not ' � 'x
<br /> ` extend or postpone the due date of the scheduled payment nor change the amount of any payment.Any excess wip bc R
<br /> paid to the Grantor. If the Property is acquired by Lender.Grantor's right to any insurance policies and proceeds ' ` ' �
<br /> resulting from damage ta the Propeny before the acyuisition shall pass to Lender to the rxtcnt of the Secured Dcbt � 'T
<br /> immediately before the acquisition. •
<br /> 20. ESCROW FOR TAX�S AND DNSURANC�.Ualess othcrwisc providrd in a scparate agrecment.Grantor will not
<br /> be required to pay to I..ender funds for taxes and insurance in esrrow. � .
<br /> ' _ 2D. FTNt�IVC1AL ItEPOR'9'S�1�ID�".d)iDi'Q'9OR3AL DQD�UILiENi'Y'5.Grantor will provide to Lendar upun request,any -- -� -- - . ..
<br /> Q
<br /> 8nancial statement or informadon Lender may deem reasonably necessary.Grantor agrees to si g n,deliver,and file ' �`
<br /> any a d ditional documents or certi�cations thai x ender may consider necessary to perfect,continue,and preserve � � ' � '
<br /> Grantar's obligadons under this Security tnstrument and l,ender's lien status on the Property. �� ��� '�` -
<br /> 22. JOIIVT A1�JI1 INDIVIDUAL LIABILITY;CO-SIGNEIdS;SUCCESSORS AND ASSIGNS BOUMD.All duties � -"� � .� '`'
<br /> under this Securiry Instrument are joint and individual.If Grantor signs this Security Instrument but does not sign an ` � '' ��
<br />, evidence of debt,Grantor does so only to mortgage Grantor's interest in the Property to secure payment of the ^ =���'���
<br /> . Secured Debt and Grantor does noi agree to be personally Gable on the Secured Debt If this Security Instrument " �' �` � :�;��-
<br /> - secures a guaranty between L.ender and Grantor.Grantor agrees to waive any rights that may prevent Lender from . ��S- 'y'�:
<br /> bringing any action or claim against Grantor or any party indebted under the abligation.These rights may include,bui - - -
<br /> • are not limited to,any anq-de6ciency or one-action laws. Grantor agrees that Lender and any party to this Security ��L-�=�
<br /> Instrument may extend,modify or make any change in the terms of this Security Instrument or any evidettce of debt '''�""'
<br /> , �'°:��;�.
<br /> without Grantor's consent S�ch a change will not release Grantor from the terms of this Security Instrument.The � '' '�� � r�•�_�
<br /> duties and benefits of this Security Instrument shall bind and benefit the successors artd assigns of Grantor and Lender. "'"'�`
<br /> 23. APPLICAEtLE L�#W;SEVEIdABILfTY;IN1'EBpRETATION.This Security Instnunent is govemed by the laws of ' �t�, '��`� '
<br /> � T
<br /> � the jurisdiction in which Lender is located exce�st to the extent othetwise required by tlte laws of the jurisdiction ''``"`'-.��`'��'�'�;
<br /> ��
<br /> where the Property is located.This Security Instrument is completE and fuUy integrated.This Security Instrumeat may �.-..,�.��<•
<br /> not be amended or modified by oral agreement. Any section in this Security Instrument, attachments,or an i-°
<br /> agreement related to the Secwed debt that conflicts wit6 app6cable law wiU not be effective,unless that law ex pressl y ' �� ''� �
<br /> o r i m p G e d ly permi t s t he variations by written agreement If any section of this Security 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 n � '
<br /> - Security Instnunen�Whenever used,the singular shall include the plural and the plural the singular.The captions and • % ��.�; :'�'
<br /> headings of the sections of this Security Instrument aze for convenience only and are not to be usecf to interpret or
<br /> � define the terms of this Security Instrument Tune is of the essence in this Security Instrument � �
<br /> ! Z4. SUCCESSOR TRUSTEE.Lender,at Lencier's option, may from 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 /> . conveyance of the Property,shall succeed to all the title,power and duties conferred upon Trustee by tFus Security �'� �
<br /> . . Instrument and applicable law. _ i : _
<br /> : 25 NO'I'ICE.Unless oiherwise required by law,any notice shal!be given by delivering it or by mailing it by frrst class d�
<br /> mail to the appropriate party's address on page 1 oF this Security Instrurtcent,or to any other address desi ated in `�'�r��:.. -
<br /> �. E writing.Notice to one grantor will be deemed to be notice to all � ' ��'� '
<br /> } grantors. .�.�:._...
<br /> -Hi�.. �,� _ _
<br /> � Zb• N+ANERS.Except to the extent prohibited by law,Grantor waives all appraisement and homestead exemption rights �� �•_'�_`'_-L�_�`=
<br /> relating to the Property. ,.� �.'�,__
<br />. Y1. OTHER TER1VIg,If checked the following are applicable to this Security Instrument: =:,��1_ _
<br /> 3� Une of Credi�The Secured Debt includes a revolving line of credit provision.Although the Secured Debt
<br /> ; may be reduced to a zero bafance,this Security Instrument will remain in effect until released. .'"�'�'���i�=
<br /> ❑ Coas4ractioa Loan.This Security Instrument secures an obligation incurred fvr the construction of an '�� �T
<br /> impruvemeat on the Property. `�`��
<br /> ❑ Fixture F�7iug.Grantor grants to I,ender a security interest in all goods that Grantor owns now or in the .t �-- v.
<br /> -, future and that are or will become fixtures related to the Property.This Security Insuument suffices as a � ``'� '
<br /> �nancing statement and any carbon,photographic or other reproduction may be filed of record for purposes � •����
<br /> ��`. of Article 9 of the Uniform Commercial Code. � - -
<br /> ❑ Rtders.The covenants and agreements of each�f the riders checked belaw are incorparated into and ��.., ,:r.�'
<br /> supplement and amend the terms of this Security Instrument.[Check all applicable boxes) '����-�--��^
<br /> ❑Condominium Rider ❑Planned Unit Development Rider ❑Other � '"����. --''
<br /> ❑ AddlHonal Term4. .......................................................... -
<br /> ..,_
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<br /> SIGNATURES: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 capy of this Security Instrument on the date stated on page 1. •
<br /> �.. .... ............... .....03/21/97 �...����'��''C.l.l � 03/Zl/97 � .. .
<br /> «� C� ............... ....................................................... � -
<br /> ...... . .. � �
<br /> DANISL W FOC�LAND c�►c1 (s;�,�rc� CHRI INS A FOGLAND �bai��� � � �
<br /> ACKNOWLEDGMENT: � . � "
<br /> STA'TE OF.. NBBRASItH...................................COUN�y OF HALL : ' _
<br /> , ..... bf� h 21 ST
<br /> ....................
<br /> �1ndivi��� This instrument was acknowlsd ed e re m �►��A����"���"""""'T1gT' �' � ' �
<br /> b D A ft I B L �T Y O�L A A D 1 1 1 1 0 C H H I B l I I I¢A P a G L A N D, B�S�l l�l��l�l���l� �.... ...da y of........................................... .
<br /> � ................. ,
<br /> y..................................................................................... : .. �.
<br /> ... . ..........................................._...............
<br /> My commission expires: .......................... • ' .
<br /> (Seal) .. ... ... .. . ��............... • � . . . . f.°
<br /> • . . . . .......
<br /> GEHERAL NOi�AT•State ot tdeDnsM� (Notary public) . ,
<br /> ��� KATHLEEN A.SCHLACHiER ' �
<br /> _ ►M Comm.ba AGy?t,?Cn0 -_-._ - -,._---
<br /> - .._ ..�.:_:. .. .._-
<br /> �1994&'uikOAS�stom3.InC..Slpoud.MN(t-800.397-23A7) FOrmflE-DT.kEfl�fl94 �_"" ,. . - �
<br /> (Page 4 ot4) . � . . —
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