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<br /> � 97-�10�62 LOAN N0. 1 5 5 s 2 0 o s?H • -
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<br /> THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
<br /> I imited variatlons by Jurisdlction to constitute a unlform securfty Instrument covering real properfy. --
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and agree es folle�ws: =
<br /> 1.Payment of Princ(psl and Interest;Prepayment and L.ete Ch�rpes. Barrower ahall promptly pay when due
<br /> � the principat of and Interest on the debt evidenced by the Note and any prepayment and late charges due under the
<br /> Note.
<br /> •��� 2.Funde for Taxea and Insurance. SubJect to applicable law or to a written walver by Lender,Borrower shall ay
<br /> : to Lender an the day monthly payments are due under the Note, untll the Note fs pald In full,a sum("Funds")for:(a�
<br /> vearly taxes ancl essessments whlch may attain prtorlry over thls Sccurity Instr:sment as a Ilan on tha Property;(b)yeady =- --
<br /> .. leasehold payments or ground rents on the Property,if any; (c)yeatly hazard or property Insurance premiums; (d)
<br /> yearly flood Insurance promlums, If any; (e)yearly mortgage insurance premlurns,lf any;and(�any sums payable by
<br /> Borrower to Lender,In accordance with the pra�visions of pa�•aqraph 8,In ileu of the payment of mortgage insurance
<br /> premtums.These Items are called"Escrow Items."Lender may,at any time,collect and hold Funds in an amount not to
<br /> ' excaed the maximum amount a lender for a federally related mortgage loan may requlre for Borrower's escrow account
<br /> , . untler the federal Real Estate Settlement Procedures Act of 1974 asamended f�om time to time, 12 U.S.C. �26Q1 et '
<br /> • seq. ("RESPA"), unless another law that applles to the Funds sets a lesser amount.If so, Londer may,at any tlme,collect
<br /> , antl hold Funds In an amount not to exceed the lesser amount.Lender may estlmato the amount of Funds due on the
<br /> � basis of current data and reasonable estimates of expenditur9s of future Escrow Itema or otherwise in accordance with
<br /> .� applicable law.
<br /> The Funds shall be hold In an institutlon whoso deposits are insured by a federal agency,Instrumentality,or entity
<br /> (including Lender,if Lender la such sn Institutlon)or in any Federal Home Loan Bank,Lender ahall apply the Funde to
<br /> pay the EscrAw Items.Lender may not charge Borrower for holding and applying the Funds,annually analyzing the .
<br /> escrow account,or verffying the Escrow itoms,unless Lender pays Borrower Interest on the Funda and appllcable law
<br /> permits Lender to make such a charge. However,LendeP may requlre Borrower to pay a one•time charge for an
<br /> Intlependent real estate tax reporting sewlce used by Lender in canneatlon wlth thls loan,unlesa appllcable law
<br /> �� provides otherwise.Unless an agreement Is made or appllcable law requlres Interest to be pald, Lender shall not be
<br /> � requfred to pay 8orrower eny interest or earnings on the Funds.Borrower and Lender may agree In wrfting, however, _
<br /> � tF�at interest shell be paid on the Funds. Lender shali glve to Borrower,without charge,an ennual accounting of the _
<br /> Funds,showing credits and debits to the Funds and the purpose forwhlch each deblt tu the Funds was made.The
<br /> - � F�:,^,�s sss p!L'dgL`d��addlilana�s&cua�ty ior a8 suri�5�e�t�iaii iiy ti��is$ecuriiy insirument. _
<br /> If the Funds held by Lender exceed the amounts permltted to be held by eppIlcable law,Lender shall account to
<br /> � Borrower for the excess Funds In accordance w(th the requirements of applicable law.If the amount of the Funds held - _
<br /> by Lender at any tlme Is not suHlclent to pay the Escrow Items when due,Lender may so notify Borrower In wrfting,
<br /> j and,In such case 8orrower shall pay to Lender the amount necessary to make up the dAficlency.Borrower shall rnake � `
<br /> j uplhe deflclency In no more than twelve monthly payments,at Lender's sole discretlon.
<br /> � Upon payment In full of all sums secured by this Securlty Instrument,Lender shall promptly refund to Borrowerany ��s.,
<br /> ; Funds held by Lender.If,under paragra�h 21,Lender shall acqulre or sell the Property,LendAr,prlor to the acqulsidon ���,._._.
<br /> orsale of the Property,shall appiy any unds held by Lender at thetime of acquis(tion or sale as a credit against the �•
<br /> sums secured by this Securiry Instrument.
<br /> � 3.Applicatlon of Payments. Unless applicable law provldes otherwlse,all payments received by Lender under ^��-II-
<br /> paragraphs 1 and 2 shall be applled:flrst,to any prepayment charges due under the Note;second,to amounts payable _——_
<br /> . under paragraph 2;third,to interest due;fourth,to principal due;and last,to any late charges due under the Note. -
<br /> 4. Charges;Llens. Borrower shall pay all taxes,assessments,charges,flnes and Impositions attributable to the �
<br /> ; Property which may attaln priority over thls Security Instrument,and leasehc�td payments or ground rents,If any.
<br /> i Bc�rrower shall pay thesa obligatlons In the manner provlded In paragraph 2,or if not paid In that manner,Borrowershall --__
<br /> paythem on time directly to the person owed payment.Borrower shall promptly furnish to Lender all notices of
<br /> _ ; ernounts to be pald under this paragraph.If Borrower makes these payments directly,Borrower shall promptly furnish to --
<br /> � Lo��der recelpts evidencing the payments. =- = -_-
<br />, Borrower shall promptly discharge any ilen which has priority over thls Securfry Instrument unless Borrower: (a) ��``` �
<br />_ agrees In writ(ng to the payment of the obligation secured by the Ilen In a manne�ecceptable to Lender; (b)contests In _-
<br /> - good falth the Ilen by,or defends agalnst enforcement of the Ilen In,legal proceedings which fn the Lender's opinion �—
<br /> _ operato to prevent the enforcement of the Ilen;or(c)secures from the holder of the ilen an agreement satlsfactory to �' ' '`�''
<br />— Lentler subordinating the Ilen to thls Security Instrument.If Lender determines that any part of the Property Is subJect to '��"'`�'"
<br /> _.��r;�.,,
<br /> - a Ilen which may attaln prlority over this Security Instrument,Lender rnay give Borrower a notice Identliying the Ilen. .
<br /> - Borrower shall satlsfy the Ilen or take one or more of the actlons set forth above within 10 days of the g(viny of notice, �
<br /> 6. Hazard or Property Insurence. Borrower shall ksep the improvements now existfng or hereafter erected on the •• �
<br /> � Property Insured agalnst losa by fire,hazards Included within the term"extended coverage"and any other hazards,
<br /> � Including floods or flooding,for which Lender requlres Insurance.This insurance shall be mafntalned In the amounts and
<br /> � for the perlods that Lender requlres. The Insurance carrier providing the insurance shall bv chasen by Borrower subJect
<br /> i to lender's approvai which shall not be unreasonably wlthheld. If Borrowor falls to malntaln coverage described above,
<br /> { Lender may,at Lender'^,optlon,obtaln coverage to protect Lender's rights In the Property in accordance with I •
<br /> paragraph 7.
<br /> �
<br /> ' NEBAASKl�--SINGLE FAMILY--FNMA/FHLMC UNIFORM INSTRUMENT FORM 3028 9/90
<br /> - � .ISC/CMDTNE//0792;3028(9•90)•L PAGE 2 OF 6
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