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<br /> TO(3ETHER W1TH a!1�he improvements now or ltereafter ere�:ted on thc property, iu►d all easements,eppunenanc;es. �°_°'_
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<br /> and fixtures now ar hereafter a part of the property. All replacemente a��d additions shall also be covered by this 5ecurity -
<br /> ' Instrument. All of thc foregolag ie referred ro In thie Secudty Instrument as the"Propetty." __;
<br />� ' BORROWEit COVENANTS that Borrower!s lawfully seised of the estate hereby conveyed and has t�e right to grant . :-_Ni`
<br /> and convcy the Property and�hat the Property is unencum�ercd,exccpt for encumbranccs of record.Bonowcr werrants and ; _,�
<br /> w i l l d e f e n d g e nerall y the titleto the Propeny against all claims and demands, subject to nny encumbrances of record. '
<br /> ' THIS SECURITY INSTRUMBNT combines uniformcovenants for nation a luse an d non-un i f o r m c o v e n az t t s w i t h l i m i t e d :;:�°
<br /> ',�y
<br /> • varistions by jurisdiction to coastitute a uniform security instniment covering real property. __
<br /> ' '��' � UNIFORM COVENANTS. Borrower nnd Lender covenant and agree as followa: p p e „„ben due the _
<br /> �"�""�° 1.Payment of Pr[ncipal and Interesq Prepayment and Late Chaeges. Bonower ahall rom tly p y ___
<br />- �.�'"'"""" principal of and interest on the debt evidenced by the Note and any prepayment and late chazges duc under the Note. _
<br /> Z.Fands for Texes and Insurance. Subject to appltcable law or to a wdtten waiver by l.ender,Bonower shall pay
<br />- to Lender on the day moathly payments are due under the Note,until the Note is paid in full,a sum("Funds")for:(a}yearly ,_
<br /> pe (b)yearly leaseh�ld
<br />- taxes and assessmcnts which may sccau►prlority over this Securlty Ynstnunent as a lien on the Pro rty; (d, y
<br /> . payments or ground rents on tbc Property, if any; (c) yearly hazurd or property insurance premiums; eerly flood
<br /> insurance premiums, if any;(e) yeazly mortgage insurancc piemiums, if any: and (� any sums payable by Borrower to _
<br /> Leader, in accordance with tde provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums.These _�_
<br /> Items are called"Escrow Ite�ns."I.ender may,at any time,collect and hold Funds in an amount not to exceed We maximum ;$�_
<br /> amount a lender for a federally telated mortgage loan may require for Borrower's escrow�c:count under the federal Real
<br /> c:co —
<br /> Estate Settlement Procedures Act of 1974 as amended from timc ro tin�e, 12 U.S.C. Section 2601 et seq.("RESPA").unless :�•'�
<br /> another law that applies to ihe Funds sets a lesser amount. If so, Lender may, at any time, collect and bold Funds in an ;�.^.___
<br /> �� amount not to exceed the leaser umount. Lender may estimate the amount of Funds due on the basis of curreat data and `�
<br /> reasonable estimates of exgenditures of future Escrow Items or otherwlse in accordance with applicable law.
<br /> The Funds shall be held in an institudon whose deposits are insured by a federal agency, instnunencallry�or entiry ,,�
<br /> (including Lender,if Lender is such an instltution)or in any Federal Home Loan Bank• L.ender shall apply the Funds to pay
<br /> the Escrow Items. Lender may not charge Bonower for holding aud applying the Funds, annually analyzing the escraw -
<br /> �� , account, or verlfying che Escrow Items, unless Lender pays Borcower interest on the Funds and applicable law permits
<br /> : Lxader to make such a charge. However, I.ender may requlre Bonower to pay a one-time charge fot an indepeadent real
<br /> estate tax reporting service used by Lender in conneccion with this loan, unless applicable law provides otherwise. Unless
<br /> an agreement is made o: applicable law requires interest to be paid, I.ender shall uot be required to pay Bortower any
<br /> _ �__� interest or earninge on the Funde. Bonower and I.ender may agree in wrlting,however, that interest shall be paid on the _
<br />` -,; -- Funds.Lender shatt give towh b each d b turo the Funds�was mxde. The Funds are ledged as addit�ionel security far all -!
<br /> . �• Funds end the purpose for i�.
<br /> suins sec:ured by this Security Inatrument.
<br /> � � ' If the Funds held by Lender exceed ihe amounts permitted to be held by applicable law. Lender shall accaunt to i.
<br /> �:•
<br /> Boaower for the excess Funds ia accordance with the requirements of applicable law. If the amount of the Fwtds held by _
<br /> Lender at any time is not sufficient to pay the Escrow Items when due, L.ender may so notify Bonower in wridng.end, ia
<br /> .,,. such case Borrower shall pay to Lender the amount necessary to make up the deficisncy. Bonower shall make up the
<br /> • deficieacy in no more than twelve monthly payments,at Lender's sole discretlon.
<br /> ' Upon payment in full of all aums secured by this Securiry Instrument,I.ender shall promptly refund to Borrower any
<br /> � ` . Funds held by Lender. If,under paragraph 21, Lender shall acquue or sell the Property,L.ender,pdor to the acquisition
<br />:r.
<br /> � or sale of the Property, shaU apply any Funds held by Lender at the time of acquisition or sale as a credit agaiast the sums
<br /> secured by this Securiry Instrument.
<br /> • • 3. Applicatton of Payments• Unless applicable law provides otherwise, all paycneata received by Lender under _
<br /> paragraphs 1 and 2 shall be epplicd:first,to any prepayment chxr�es due under the Note;second,to amounts paYable under �. _
<br /> pazagraph 2; Wird,to interest due; fourth,to principal due; and last,to any late chazgas due under the Note. F_
<br /> 4.Charges;Ltens. Borcower shall pay all taxes,assessments,charges,fines end impositions atuibutable to the Property
<br /> which tnay attain prlorlty over this Security Instrument,and leasehold payments or ground rents,if any. Borrower shall pay _
<br />- �� these obligations in the maoner provided In paragraph 2, or if not paid In that manner, Bonower shall pay t6em on time
<br /> ' ' f direcdy to the person owed payment.Bonower shall promptly furnish to I.ender all notices of amounts to be paid under this __
<br /> � paragraph. If Borrower makes these paymenu directly,Bonower s6a11 prompdy fumish to Lender receipts evidenctng the
<br /> � payments. _
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<br /> Rorm J028 9A0 Ameoded S/91 .
<br /> NEBRASKA-Singlc Fatnlly-FNMAIFHI-MC UNIFORM INSI'Rl1MII?NT N�e 1 ur'�
<br /> 1('C•HP�2N'7J.PCL•2•96
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