.
<br /> .
<br /> 98— 1a3c�Eu
<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 Lender's option.Any application of proceeds to principal shall not
<br /> extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be
<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 to the Property before the acquisition shall pass to Lender to the extent of the Secured Debt
<br /> immediately before the acquisition.
<br /> 20. ESCROW FOR TAXES AND INSURANCE.Unless otherwise provided in a separate agreement, Grantor will not
<br /> be required to pay to Lender funds for taxes and insurance in escrow.
<br /> 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Grantor will provide to Lender upon request, any
<br /> financial statement or information Lender may deem reasonably necessary. Grantor agrees to sign, deliver, and file
<br /> any additional documents or certifications that Lender may consider necessary to perfect, continue, and preserve
<br /> Grantor's obligations under this Security Instrument and Lender's lien status on the Property.
<br /> 22. JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties
<br /> under this Security 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 not 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 rights that may prevent Lender from
<br /> bringing any action or claim against Grantor or any party indebted under the obligation. These rights may include,but
<br /> are not limited to, any anti-deficiency or one-action laws. Grantor agrees that Lender and any party to this Security
<br /> Instrument may extend,modify or make any change in the terms of this Security Instrument or any evidence of debt
<br /> without Grantor's consent. Such a change will not release Grantor from the terms of this Security Instrument. The
<br /> duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Grantor and Lender.
<br /> 23. APPLICABLE LAW;SEVERABILITY;INTERPRETATION.This Security Instrument is governed by the laws of
<br /> the jurisdiction in which Lender 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 singular 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. Lender, at Lender'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 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 grantor will be deemed to be notice to all grantors.
<br /> 26. WAIVERS.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 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. Grantor grants to Lender a security interest in all goods that Grantor 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,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 page 1.
<br /> �� `� �;
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<br /> DANA A. WHITE (Date) (Signatur JAMES A. WHITE (Datej��
<br /> ACKNOWLEDGMENT: ��
<br /> STATE OF............................. ,COUNT O� �/�L
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<br /> � GEHERAI N01ARr•State of Nebraska ��(rroca�y rubi�o
<br /> �n TERRY!.CARISON
<br /> My Comm.Eap.lan.23,1001
<br /> ; , .
<br /> �1994 Bankers Systems,Inc.,St.Cloud,MN (1-g00-397-2341) Form RE-DT-NE 8/8/94 � • � '
<br /> , �Page 4 of 4)
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