|
���' it13455
<br /> Unless otherwise agreed in writing,all insurance proceeds shall be applied to the restoration or repair of the Property
<br /> � or to the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal
<br /> shall not extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any
<br /> excess will be paid to the Trustor. If the Property is acquired by Beneficiary,Trustor's right to any insurance policies
<br /> and proceeds resulting from damage to the Properly before the acquisition shall pass to Bene�iciary to the extent of the
<br /> _Secured Debt immediately before the acquisition.
<br /> 20. ESCROW FOR TAXES AND INSURANCE.Unless otherwise provided in a separate agreement,Trustor will not
<br /> be required to pay to Beneficiary funds for taxes and insurance in escrow.
<br /> 21. FINANCIAL REPORTS AND ADDTTIONAL DOCUMENTS.Trustor will provide to Beneficiary upon request,
<br /> any financial statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver,
<br /> and file any additional documents or certifications that Beneficiary may consider necessary to perfect,continue, and
<br /> preserve Trustor's obligations under this Security Instrument and Beneficiary's lien status on the Property.
<br /> 22. JOIlVT AND INDIVIDUAL LIABILITY;CO-SIGNERS;SUCCESSORS AND ASSIGNS BOUND.All duties under
<br /> this Security Instrument aze joint and individual.If Trustor s:gns this Security Instrument but does no�sign an evidence of
<br /> debt, Trustor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and
<br /> Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty
<br /> between Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any
<br /> action or claim against Trustor or any party indebted under the obligation.These rights may include,but are not limited
<br /> to,any anti-deficiency or one-action laws.Trustor agrees that Beneficiary and any party to this Security Instrument may
<br /> extend,modify or make any change in the terms of this Security Instrument or any evidence of debt without Trustor's
<br /> consent.Such a change will not release Trustor from the terms of this Security Instrument.The duties and benefits of this
<br /> Security Instrument shall bind and benefit the successors and assigns of Trustor and Beneficiary.
<br /> 23. APPLICABLE LAW;SEVERABILITY;INTERPRETATION.This Security Instrument is governed by the laws of
<br /> the jurisdiction in which Beneficiary is located,except to the extent otherwise required by the laws of the jurisdiction
<br /> where the Property is located.This Security Instrument is complete and fully integrated.This Security Instrument may
<br /> not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any
<br /> agreement related to the Secured Debt that conflicts with applicable law will not be effective,unless that law expressly
<br /> or impliedly permits the 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
<br /> Security Instrument.Whenever used,the singulaz shall include the plural and the plural the singular.The captions and
<br /> headings of the sections of this Security Instrument are for convenience only and are not to be used to interpret or
<br /> define the terms of this Security Instrument.Time is of the essence in this Security Instrument.
<br /> 24. SUCCESSOR TRUSTEE.Beneficiary,at Beneficiary's option,may from time to time remove Trustee and appoint
<br /> a 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 this Security
<br /> Instrument and applicable law.
<br /> 25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class
<br /> mail to the appropriate party's address on page 1 of this Security Instrument, or to any other address designated in
<br /> writing.Notice to one trustor will be deemed to be notice to all trustors.
<br /> 26. WAIVERS.Except to the extent prohibited by law,Trustor waives all appraisement and homestead exemption rights
<br /> relating to the Property.
<br /> 27. OTHER TERMS.If checked,the following are applicable to this Security Instrument:
<br /> ❑ Line of Credit.The Secured Debt includes a revolving line of credit provision. Although the Secured Debt
<br /> may be reduced to a zero balance,this Security Instrument will remain 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 Filing.Trustor grants to Beneficiary a security interest in all goods that Trustor owns now or in the
<br /> future and that are or will become fixtures related to the Property. This Security Instrument suffices 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.
<br /> ❑ Riders. The covenants and agreements of each of the riders checked below are incorporated into and
<br /> supplement and amend the terms of this Security Instrument. [Check all applicable boxes]
<br /> ❑Condominium Rider ❑Planned Unit Development Rider ❑Other..........................................................
<br /> ❑ Additional Terms.
<br /> SIGNATURES:By signing below,Trustor agrees to the terms and covenants contained in this Security Instrument and in
<br /> any attachments.Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1.
<br /> �.....-3:-:3.�:..,�8...� �C���.......... ........ - -9Q�
<br /> (Si at .. ........... . ..................��1 O
<br /> , •
<br /> .. . . . . ... .
<br /> (Date) (Signature)
<br /> (Date)
<br /> ACKNOWLEDGMENT:
<br /> STATE OF ,,,Neb ra s ka ,COUNTY OF P 1 a t te
<br /> a���a��� 'I'his instrument was acknowled ed before 31, y of, March ����������������������"�""""" }ss.
<br /> K..C. g me this . ............ .da ............ ..
<br /> by „ .,,.,Nelsen..Jr..,.a..single...person.:and.Georgia,L CoQple� a sin�le n
<br /> ' • ._�perso
<br /> . .. . .............
<br /> My commission expires:
<br /> ...........................................................................................................
<br /> (Notary Public)
<br /> �1994 Benkers Systems,Inc.,St.Cbud,MN (1-800-397-2341) Fortn RE-DT-NE 12/23/96 (page 4 of 4)
<br /> :/ �-
<br /> .. 4!� . .. ..
<br />
|