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2 0i206��0 of the Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender any amount necessary to make up the deficiency in one or more payments as Lender may require. Upon payment in full of all sums secured by this Deed of Tnist, Lender shall promptly refund to Borrower any Funds held by Lendez If under pazagraph 17 hereof the Property is sold or the Properiy is otherwise acquired by Lender, Lender shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of application as a credit against the sums secured by this Deed of Trust. 3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest payable on the Note, and then to the principal of the Note. 4. Prior Mortgages and Deeds of 1Yust; Charges; Liens. Borrower shall perform all of Borrower's obligations under any mortgage, deed of hust or other security agreement with a lien wluch has priority over this Deed of Trust, including Borrower's covenants to make payments when due. Borrower sha11 pay or cause to be paid all taxes, assessments and other charges, fines and impositions attributable to the Properiy which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any. 5. Hazard Insurance. Bonower shall keep the improvements now existing or hereafter erected on the Properiy insured against loss by fire, hazards included within the term "extended coverage," and such other hazazds as Lender may require and in such amounts and for such periods as Lender may require. The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided, that such approval sha11 not be unreasonably withheld. All insurance policies and renewals thereof sha11 be in a form acceptable to Lender and shall include a standard mortgage clause in favor of and in a form acceptable to Lender. Lender sha11 have the right to hold the policies and renewals thereof, subject to the terms of any mortgage, d�d of tivst or other security agreement with a lien which has priority over tkus Deed of Trust. In the event of loss, Borrower sha.11 give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the date norice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender is authorized to collect and apply the insurance proceeds at Lender's oprion either to restoration or repair of the Properiy or to the sums secured by this De,ed of Trust. 6. Preserval3on and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Developments. Borrower 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 development, Borrower sha11 perform a11 of Borrower's obligations under the d�laration or covenants creating or governing the condominium or planned unit development, the by-laws and regulations of the condominium or planned unit development, and constituent documents. 7. Protection of Lender's Security. If Borrower fails to perform the covenants and agreements contained in this Deed of Trust, or if any action or proceeding is commenced which materially affects Lender's interest in the Property, then Lender, at Lender's option, upon notice to Borrower, may make such appearances, disburse such sums, including reasonable attomeys' fees, and take such action as is necessary to protect Lender's interest. If Lender required mortgage insurance as a condition of making the loan secured by this Deed of Tnist, Borrower shall pay the premiums required to maintain such insurance in effect until such time as the requirement for such insurance terminates in accordance with Borrower's and Lender's written agr�ment or applicable law. Any amounts disbursed by Lender pursuant to this pazagraph 7, with interest thereon, at the Note rate, shall become additional indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to NEBRA3KA - Second Mortgage -1/80 VMP-76(NE) (0509) Page 3 of 7 Ame ded 7/04 Borrower(s) Infials