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2012047�� to make such a cha�ge. Bonower and Lender may ag�e in writing at the time of execution of this Deed of Ttust that inte�ESt on the Funds shall be paid to Bo�mwer, and unless such agreement is made or applicable law requi�es such interESt to be paid, Lender shall not be ►Equired to pay Borrower an,y interest or eamings on the Funds. Lender shall give to Borrower, without charge, an annual accoundng of the F�nds showing credits and debits to the Fonds and the pt�ose forwhich each debit to the Funds �vas made. 7'he Funds are pledged as additlonal security forthe sums secured by this Deed of Trus� if fhe amount of the Funds held by l.ender, together with thc future monthly installments of Funds payable prior to the due dates of t�es, assessments, inswance premiums and ground nents, shall exceed the amount tEquiied to pay said taxes, assessmenls, insurance pmmiums and ground rents as they fall due, such excess shall be, at Bo�ower's option, either prompfly icpaid to Bornnwer or creditcd to Borrower on monthly instaliments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay taxes, assessments, insutance premiums and ground nents as they fall due, Bormwer shall pay to Lender any amount necessary to make up the deficiency in one or more paymenls as Lender may require. Upon payment in full of all sums secuted lry this Deed of Trust, Lender shall pnnmptly refund to Botrower any Funds held by Lender. If under paragraph 17 heneof the Pmperty is sold or the Property is otherwise acquired by Lender, Lender shall apply, no later than immediately prior to the sale of fhe Property orits acquisition by Lender, any Funds held by Lenderat the lime of application as a credit againct the s�uns secured by this Deed of TnisG 3. ApplicatHon of Payments. Unless applicable la�v provides otherwise, all paymentc �eceived by Lender under the Note and paragraphs 1 and 2 heieof shall be applied by Lender fiist in payment of amounts payable to Lender by Bom�wer underparagraph 2 hereof, then to interest payable on the Note, and tl�en to the principal of the Note. 4. Prior Mortgagec and Deeds of Trust; Charges; Liens. Borrower shall perform all of Borrower s obligations under any mortgage, deed of hust or other secu►ity agreement with a lien which has priority over this Deed of T�vst, including Borrower's covenants to make paymentc when due. Bormwer shall pay or cause to be paid all tages, assessments and other charges, Fnes and impositions attributable to the Property which may attain priority over tiris Deed of Tiust, and leasehold payments or ground rcnts, if any. 5. Hazard Instu�ance. Boriower shall keep the improvements now exisdng or hereafter erected on the Property inswed against loss by fire, hazards included within the term `'eitended covc►age," and such otherhazards as Lender may reqid�e and in such amour►ts and forsuch periods as Lender may require. The insurance carrier providi� the i�urance shall be chosen by Bonower subject to approval by Lender, provided, that such approval shall not be unmasonably withheld. All insurance policies and renewals thereof shall be in a fonn acceptable to Lender and shall include a standattl moetgage clause in favor of and in a foim acceptable to Lender. Lendershall have the right to hold the policies and rene�vals themof, subject to tlie te�ms of any mortgage, deed of hust or other security agreement with a lien which has priority over this Deed of Tn�st, In the event of loss, Borrower shall give prompt nodce to the inswance carrier and Lender. Lender may make proof of loss if not made prompdy by Borrower. ff the Property is abandoned by Bomower, or if Bomnwer fails to �espond to Lendcr within 30 days from the date notice is mailed by Lender to Borrower that the inswance carrier offe�s to settle a claim for ir�su�ance benefits, Lender is authorized to collect and apply the insurance proceeds at Lender's option either to mstoration or repair of the Properiy orto the sums secured by this Deed of Trus� 6. Pres�wation and Maintenaace of Property; Leaseholds; Condommiums; Planned Unit Developments. Bonower shall keep the Properiy in good repair and shall not commit waste or permit impairment or deterioration of the Property and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold if this Deed of Trust is on a unit in a condominium or a planned unit devclopment, Bo�rowershall perfomi all of Bomnwer s obligations underthe declaration orcovenanfs creating orgoverning the condominium or planned unit development, the by-laws and ►egulations of tE�e condominium or planned unit developmen� and constituent documenhs. 7. Protection of Lend�'s Security. If Borrower fails to perfoem the covenants and ag�ements contained in this Deed of Tnist, or if any action or proceeding is commenced which materially affects L,ender's NEBIiASKA SECOND MOItTGAGE DEED OF TRUST NEBRASKA GreatDas" REM 4841L3 (072711) (Page 3 of 9) 1000772442