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<br /> . I gT-�iosz� LOAN N0. 1 5, �2 � � z � 5 .. -
<br /> � THIS SECU�IITY INSTRUMENT corr�bines unitorm covenants br natlonal use and non•unlform covnnants witn � � ^,,;,
<br /> •. '' Iimited variatlons by�urlsdlctlon to constltute a unitorm seaurity Instrument covering rgel property. '
<br /> ; UNIFGRM COVENANTS.Borrowar and Lender covenant end agree as follows: '
<br /> �"�"� ; 1.P�yment of Principsl and Interost;Prop�ym�nt and I.�t�Charoe�. Borrower shall promptiy pay when dua .s.;T:�--
<br /> �' the pNnclpal of and Interest on the debt eviden;,ed by the Nate snd any prepayment and Iste charges due under the .
<br /> Note. � ��; -
<br /> 2.Funds for Taxss�nd Insunnce. Subject to applicable law or to a wrltten walver by Lender,Borrower sh�i�nay � :�;_
<br /> to Lender on the day monthly payments are due under the Note,untii the Note Is paid in fult,a sum("Funds")for. (a) -=
<br /> . yearly taxes and assessments which may attaln prlorlty over this Securlty Instrument as a Ilen on the Properry; (b)yearly .���'
<br /> leasehold payments or�round rents on the Properry,If any;(c)yearly hazard or property insurance premlums;(d) .. .:�,-_
<br /> yeariy flood Insurance premfums,if any; (e)yearly mortgage insurance premlums,if any;and(�any sums payable by ;,F;�=
<br /> Borrower to Lender,In accordance with the provlslans of paragraph 8,in Ileu of the payment of mortgage Insurance �
<br /> , premlurns.These items are called"Escrow Items.'Lender may,at any t(me,collect and hold Funds In an amount not to ��f"��
<br /> excoed tho maximum amount a lender for a federally related mnrt�age loan may re�ulre for Borrower's escrow account `'�!'=-
<br /> under the federal Real Estato Settlement Proceciures Act of 1974 as amended from tlme to time,12 U.S.C. �2601 et ' _
<br /> ser�.("RESPA"),unless another Iaw that applles to the Funds sets a lesser amount.If so, Lender may,at any tlme,collect '��r�
<br /> and hold Funds In an amount not to exceed the lesser amount.Lender may estimate the amount of Funds due on the `,;
<br /> basis of current data and reasonable estimates of expenditures of future Escraw Items or othervuise in accordance wfth ��4;-
<br /> �� �' applicable law. . -;:,;;�-
<br /> _ .� The Funda shall be held in an Instltution whose deposits are insured by a federal agency,instrumentaliry,or entity ___
<br /> � (inciuding Londer, if Lender ta such an institution)or in any Federal Hame Loan Bank.Lender shall apply the Funds to .;�:=
<br /> pay the Escruw items. Lender may not charge Borrower for holding and applying the Funds,annually analyzing the ..�-=
<br /> , ,• escrow account,or verifying the Escrow Items, unless Lender pays Borrower tnterest on the Funds and applicable law �.'--Y
<br /> permlts Lender to make such a charge.However,Lender may require Borrower to pay a one-time charge for an �
<br /> � Independent real estate tax reporting servlce used by Lender In connection with this loan,unless appllcable law —
<br />._ _ ,.__.__ provides otherwlse.Unless an agreement is made or applicable law requires tnterest to be pald,Lender shall not be _
<br /> � {. required to pay Borrower any interest or earnings on the Funds.Borrower and Lender may agree in writing,however,
<br /> 4 ; that interest shall be paid on the Funds.Lender shall give to Borrower,withaut charge,an annual sccounting of the
<br /> � Funds,showing credits and debits to the Fur.ds and the purpose for which each deb(t to the Funds was made.The
<br /> Funds are pledged as addittonal security for all sums secured by this Security Instrument.
<br /> �' If the Funds hetd by Lender excead the amounts permitted to be held by appIIcable law,Lender shall account to
<br /> �• Borrower for the excess Funds in accordance with the requlrements of appIlcable law.If the amount of the Funds held
<br /> , by Lender at any time Is not sufflcient to pay the Escrow Items when due,Lender may so notify Borrower In writing,
<br /> and,in such case Borrower shall pay to Lender the amount necessary to make up the deficlency.Borrower shall make
<br /> up the deflclency In no more than twelve monthly payments,at Lender's sole discretlon. �
<br /> Upon paymenY In full of all sums secured by this Securiry Instrument,Lender shall promptly refund to Borrower any -
<br /> Funds held by Lender. If,under paragraph 21,Lender shall acquire or sell the Property, Lender,prior to the acqufsitlon
<br /> or sale of the Property, shall appiy�.�y Funds held by Lender at the time of acqulsltion or sale as a credit against the -
<br /> sums secured by this Securfty Instrumsnt. -
<br /> ' 3.Application oi Payments. Unless appliceble law provfdes otherwise,all payments received by Lender under -•�
<br /> • paragraphs 1 and 2 shall be applled:first,to any prepayment charges due under the Note;second,to amounts payable E-
<br /> under paragraph�;thfrd,to Interest due;fourth,to principal due;and last,to any late chargos due under the Note. ��.
<br /> - 4.Cherges;Liens. Borro�ver shall pay all taxes,assessments,charges,f(nes and Imposftions attributable to the
<br /> - PropeKy whlch may attaln prloNty over this Security Instrument,and leasehold payments or ground rents,if any. ---
<br /> '' Borrower shall pay these obligations In the manner provided In paragraph 2,or If not pafd in that manner,Borrower shatl
<br /> pay them on tlme directlyto the person owed payment. Borrower shall promptlyfurnish to Lender all notices of
<br /> = amounts to be paid under thls paragraph.If Borrower makes these payments dlrectly,Borrower shall promptly fumish to _ --
<br /> Lender receipts evldencing the payments.
<br /> Borrower shall promptly discharge any lien which has priorfty over this Security Instrument unless Borrower: (a) a--
<br /> - agrees In wrlting to the payment of the obligatlon secured by the Ilen In a manner acceptable to Lender; (b)contests in -
<br /> good faith the Ilen by,or defends agalnst enforcement of the Ilen in,legal proceedings which In the Lender's opinion ::-��-�
<br /> operate to prevent the enforcement of the Ilen;or(c)secures from the holdQr of the Ilen an agreement satisfactory to •�,�,=a-:
<br /> Lender subordlnating the Ilen to thls Security Instrument.If Lender determines that any part of the Property Is subJect to �-"'"'"--°--° _
<br /> � a Ilen whlch may attaln priarity over this Security Instrument, Lender may give Borrower a notice Identifying the Ilen. �•�'�`'�;;':;.�_
<br /> Borrower shall satisfy tho Ilen or take one or more of the actions set forth above uulthin 10 days of the glving of notice. `�'"�"•,� �
<br /> � 6.Hezerd or PropeRy Inaurance. Borrower shali keep the improvements now existing ar hdereafter edected on the •
<br /> � Property Insured agalnst loss by fire,hazards Included withln the term"extended coverage"and any other hazards, �
<br /> including floods or flooding,for which Lender requlres Insurance.Thls Insurance shall be malntained In the amounts and
<br /> for the pe►lods that Lender requlres. The insurance carrler providing the Insurance shall be chosen by Borrower subJect
<br /> to Lender's approval which shall not be unreasanably withheld. If Borrower fafls to malntaln coverage descrlbed above,
<br /> Lender may,at Lender's optlon,obtaln coverageto protect Lender's rights In the Property in accordance with
<br /> ' paragraph 7.
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<br /> � , NEBRASKA�•SINGLE FANIILY••FNMA/FHLMC UNIFORM INSTRUMENT FQRM 3028 9/90 �
<br /> ISC/GMDTNE//0792/3028(9•90)-L PAGE 2 OF 6
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