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<br /> t TH15 S�CURITY lNSTRUMENT comhines unHorm covenRnts for natlonal use and non•uniform covenants wlth �'
<br /> i
<br /> ilmRed varlatlons by Jurlsdiction to consthute a uniforrn securlty instrument covering real property.
<br /> , � UNIFORM COVENANTS.Borrower and Lender covonant and egree as followa: ;;
<br /> 1,Paymsnt of Princip�l�nd Interetl;PrepaymeM�nd l.�te Ch�rqe�. Borrower ehall promptly pay when due `
<br /> - .,� the princlpal of and Interest on the de�t evldenced by the Note and any prepayment and lete charges due under the �.
<br /> ' Note.
<br /> ;•' 2,Fund�for 7�x���nd Insur�nc�. SubJect to applicable law or ta a written waiver by Lendar,Borrower shall pay ��_.
<br /> � � to Lender on the day monthly payments ere due under the Note,untll the Note Is pald In full,a sum('Funds")for:(a)
<br /> , � yearly texes and assessments whlch may attein prlority over thls Securfty Instrument se a Ilen on the Prop9rty; (b)yearly �
<br /> ��, leasehad payments or ground renta on the Proper�y. R eny;(c)yearly hazard or property insurance premiums; (d) �
<br /> ��.� l yeariy flood Insurance premlums,ff any;(e) yeariymortgago Insurance premiums,If any;and (�any sums payable by —
<br /> . � I Borrower to Lender,in accordance with the provlsbns of paragraph 8,In Ileu of the payment of mortgage insurance _
<br /> 1 premlums.These ftems ere called"Escrow Items.'Lender may,at any tlme,c�llect and hold Funds in sn amount not to
<br /> �, � 1 excaed the maximum amount a lender for a federally related mortgage loan may requlre for Borrower's escraw account - -
<br /> y under the federal Real Estate Settlement Procedures Act of 197a as amended from time to time, 12 U.S.C. �2601 et
<br /> seq. ("RESPA"),unless another lawthat epplles tothe Fur�ds sets a lesse►amount.If so,Lender may,at any tlme,collect
<br /> 7 baeis o current data a d re�sona.ble e tl ates of exp nditu es of fu ure Escestimiemsho o herwise nuaccordan etwt h
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<br /> appliceble law.
<br /> �. The Funds shall ue held In an Instltutlon whose deposits are Insured by a federal agency, Instrumentality,or entity
<br /> � (incfuding Lender,if Lender Is such an Instltutlon)or tn any Fedoral Homo Loan Bank. Lender shall apply the Funds to �
<br /> pay the Escrow Items.Lender may not charge Borrower for holding and applying the Funds, Annually analyzing the
<br /> . � escrow account, or verffying the Escrow Items,unles3 Lender pays Borrower Interest on the Funds and applicable law
<br /> permits Lender to make such a charge.Howeve�,Lender may requlre Borrower to pay a one-time charge for an
<br /> Independent real estate tax reporting servlce used by Lender in connectlon wlth thls loan,unless applicable law
<br /> provides otherwlse.Unless an agreement Is made or appllcable law requires Interest to be pald,Lender shall not be
<br /> required to pay Borrower any Interest or earningson the Funds.Borrower and Lende�may agree In writing,however,
<br /> that interest shall be paid on the Funds.Lender shall gIve to Borrower,without charge,an annual accaunting of the
<br /> Funds,showing credits and debits to the Funds and the purpose for which each debit to the Funds was made.The
<br /> Funds are pledged as additional security for ell sums secured by this Security Instrument.
<br />� If the Funds held by Lender exceed the amounts permitted to be held by appllcable law, Lender shall account to
<br /> ° Borrower for the excess Funds in accordance with the requlrements of appllcable law.If the amount of the Funds held
<br />__...._____., h�i���,.�t���,r�mQ i4 not sufficient to qay 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 deficiency.8orrowvr ei�afi��ai:s
<br /> �. � up the deficlency in no more than twelve monthly payments,at Lender's sole discretion.
<br /> ' � Upon payment In full of all sums secure�by thls Security Instrument,Lender shall promptly refund to Borrower any
<br />' Funds held by Lender.If, under paragraph 21,Lender shall acqulre or sell the Property,Lender,prior to the acquisftlnn
<br /> . or sale of the Property,shall apply any Funds held by Lender at the tlme of acquisition or sale as s credit agalnst the
<br /> � sums secured by thls Security Instrument.
<br /> • � • 3.Appllc�tlon of PAymants. Unless app�lcable law provides othenrulse,all payments received by Lender under
<br /> paragraphs 1 and 2 shall be spplled:iirst,to any prepayment charges due under the Note;second,to amuunts payable
<br />- • � u�der paragraph 2;thlyd,to Interest due;fourth.to principal due;and Isst,to any late charges due under the Note.
<br /> ' ' 4.Ctuirye�;Llen�. Borrower shall pay ell taxes,assessments,charges,fines and Impositions attributable to the
<br /> Property which may attain priority over this Security Instrument,and leasehold payments or ground rents,if any.
<br /> �ja •• � Borrower shall pay these obligations In the manner provided fn paragraph 2,or If not pald In that manner,8orrower shail
<br />=�''�'' ~ pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notfces of
<br /> :Mr, �
<br />- emounts to be pald under thls paragraph. If Borrower makes the�e payments directly,Borrower shall promptly furnlsh to
<br /> t �-: ' � Lender recelpts evldencing the payments.
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<br /> -- • Borrower shall promptly discharge any Ilen which has prlority ovor this Security Instrument unless Borrower:(a)
<br /> . . agrees In writing to the payment of the obl(gatlan aecured by the lien In a manner acceptable io Lender; (b)contests In
<br /> • g o o d f a f t h t h e I l en b y,or defends a gainst 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 holder of the Ilen en agreement sa t ls fac tory to
<br /> • :s Lender subordinatinp t e,IJen.tq this Socurfty Instrument.If Lender determines that any part of the Property is subJect to
<br /> � ' "� a Ilen which may atGMn�lority over this Security Instrument, Lender may glve Borrower a notice Identifying the Ilen.
<br /> ��- , Borrower shall satlsfy the Ilen or take one or more of the actions set forth above within 10 days of the giving of notice.
<br /> • � � 5,H�zud or Property Insurance. Borrower shall keep the Improvements now exlsting or hereafter erected on tha
<br /> � Property Insured agalnst loss by fire, hazards Induded within the term"extended coverage" and any other hazards,
<br />_ � ' Inciuding fioods or flooding,for which Lender requires insurance.This insurance shall be malntalned in the amounts and
<br /> � tor the periods that Lender requlres. The Insurance carrler providing the Insurance shall bo chosen by Borrower subJect -
<br /> to Lender's approval which shall not be unreasonabiy withheld. If Borrower fa(Is to rnalnteln coverage described above,
<br /> i lendor may,at Lender's optlon,obtaln coverageto protect Lender's rlghts in the Property in accordance with _
<br /> y paragraph 7.
<br /> � N�BRASKA�•51NGLEFAMILY--FNMA/PHLMCUNIFORMINSTRUMENT FORM:l0289/90
<br />- � ISC/CMDTNE//07�J2/3028(9•90)•L PAGE 20F6
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