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�0120�207 of the Funds held by Lender sha11 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 a.11 sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds held by Lender. If under paragraph 17 her�f the Property is sold or the Property is otherwise acquired by Lender, Lender shall apply, no later than unmediately prior to the sale of the Property or its acquisition by Leader, 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 Paymen�s. Unless applicable law provides othervvise, all payments received by Lender under the Note and paragraphs 1 and Z hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest payable ott the Note, and then to the principal of the Note. 4. Prior Mortgages and Deeds of 1Yust; Charges; Liens. Borrower shall perform a.11 of Borrower's obligations under any mortgage, deed of trust or other s�urity agreement with a lien which has priority over this Deed of Trust, including Borrower's covenants to make payments when due. Borrower shall 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 tlus Deed of Trust, and leasehold payments or ground rents, if any. 5. Hazard Insnrance. Borrower shall keep the improvements now existing or here.after erected on the Property insured against loss by fire, hazazds included within the term "extended coverage," and such other hazards 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 Bonower subject to approval by Lender; provided, that such approval shall 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 shall have the right to hold the policies and renewals thereof, subject to the terms of any mortgage, deed of Uust 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 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 notice 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 optiott either to restoration or repair of the Property or to the sums secured by this Deed of Trust. 6. Preservation and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Developments. Bonower shall keep the Properiy in good repair and shall not commit waste or pernut 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 shall perform a11 of Borrower's obligations under the declaration or covenants creating or governing the condominium or planned unit development, the by-laws and regularions 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 norice to Borrower, may rnake such appearances, disburse such sums, including reasonable attomeys' fees, and take such action as is necessa .ry to protect Lender's interest. If Lender required mortgage insurance as a condition of making the loan secured by tlus Deed of Trust, Borrower shall pay the premiums required to maintain such inc�ra„ce in effect until such time as the requirement for such insurance ternunates in accorda.nce with Bonower's and Lender's written agreement or applicable law. Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, at the Note rate, shall become addirional indebtedness of Bonower secured by tlus Deed of Trust. Unless Borrower and Lender agree to NEBRA3KA - Second Mortgage -1/80 VMP-76(NE) (0509) Page 3 of 7 Amended 7/04 Borrower(s) Initlal CS �