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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Secured Indebtedness; Performance of Obligations. Borrower shall pay when due the
<br />Secured Indebtedness and shall perform all of Borrower's obligations under the HELOC and this Security
<br />Instrument.
<br />2. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the
<br />Property that can attain priority over this Security Instrument, including leasehold payments or ground rents on the
<br />Property, and the dues, fees, and assessments of a condominium association, homeowners association, or similar
<br />organization.
<br />Borrower shall make all payments and comply with all covenants as required by any mortgage, deed of trust,
<br />security agreement, or other lien document evidencing a lien that is prior to this Security Instrument. Borrower shall
<br />not modify, extend, or increase the amount secured by such prior lien document without Lender's written consent.
<br />Upon demand Borrower shall furnish to Lender satisfactory evidence of payment of such taxes, assessments,
<br />charges, fines, impositions, and prior liens.
<br />Borrower shall promptly discharge any lien not approved by Lender that has priority over this Security
<br />Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner
<br />acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith
<br />by, or defends against enforcement of the lien in, legal proceedings that in Lender's opinion operate to prevent the
<br />enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded; or
<br />(c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security
<br />Instrument. If Lender determines that any part of the Property is subject to a lien that can attain priority over this
<br />Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days of the date on which
<br />that notice is given, Borrower shall satisfy the lien or take one or more of the actions set forth above in this
<br />Section 2.
<br />3. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
<br />Property insured against fire, hazards included within the term "extended coverage," flood, and any other hazards
<br />including without limitation earthquakes, for which Lender requires insurance. This insurance shall be maintained in
<br />the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires may
<br />change during the term of the HELOC. Borrower may obtain such insurance from the insurance carrier of
<br />Borrower's choice, subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised
<br />unreasonably.
<br />If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at
<br />Lender's option and Borrower's expense. Such coverage shall cover Lender, but might or might not protect
<br />Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, hazard, or liability, and
<br />might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the
<br />insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained.
<br />Any amounts disbursed by Lender under this Section 3 shall be Secured Indebtedness and shall be payable
<br />according to the terms of the HELOC.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to
<br />disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an
<br />additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires,
<br />Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any
<br />form of insurance coverage not otherwise required by Lender, for damage to, or destruction of, the Property, such
<br />policy shall include a standard mortgage clause and shall name Lender as mortgagee and /or as an additional loss
<br />payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make
<br />proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any
<br />insurance proceeds shall be applied to restoration or repair of the Property, if the restoration or repair is
<br />economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall
<br />have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to
<br />ensure the work has been completed to Lender's satisfaction. Lender may disburse proceeds for the repairs and
<br />NEBRASKA HELOC Deed of Trust
<br />IDS, Inc.
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