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200000079 necessary to make up the deficiency. Borrower shall make up the deficiency in no more than twelve monthly payments, at Lender's sole discretion. Upon payment in full of all sums secured by this Security Inshliment,Lender shall promptly refund to Borrower any Funds held by : Lender. If;under paragraph 21,Lender shall acquire or sell the Property,Lender,prior to the acquisition or sale of the Property,shall apply : any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by this Security Instniment. 3. Application of Payments. Unless applicable law provides otherwise,all payments received by Lender under paragraphs 1 and 2 shall be applied: first,to any prepayment charges due under the Note;second,to amounts payable under paragraph 2;third,to interest due; fourth,to principal due;and last,to any late charges due under the Note. 4. Charges;Liens. Borrower shall pay all taxes,assessments,charges,fines and impositions attributable to the Property which may attain priority over this Secunty Instrument,and leasehold payments or ground rents,if any. Borrower shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner, Botrower shall pay them on time directly to the person owed payment. : Bonower shall promptly fumish to Lender all notices of amounts to be paid under this paragraph. If Borrower makes these payments directly, : Borrower shall promptly furnish to Lender receipts evidencing the payments. Borrower shall promptly discharge any lien which has priority over this Secunty Instrument unless Borrower: (a)agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good faith the lien by,or defends against : enforcement of the lien in,legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender detennines that any : part of the Property is subject to a lien which may attain priority over this Security Instniment,Lender may give Borrower a notice identifying : the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. : 5. Hazard or Property Insurance. Boirower shall keep the improvements now existing or hereafter erected on the Property : insured against loss by fire,hazards included within the term"extended coverage" and any other hazards,including floods or flooding,for : which Lender requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The insurance : carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be unreasonably withheld. If Borrower fails to maintain coverage described above, Lender may, at Lender's option, obtain coverage to protect Lender's rights in the : Property in accordance with paragraph 7. : All it�surance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. Lender shall have the right to hold the policies and renewals. If Lender requires,Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. In the event of loss,Boirower shall give prompt notice to the insurance carlier and Lender. Lender may make proof of loss : if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing,insurance proceeds shall be applied to restoration or repair of the Property : damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. If the restoration or repair is not economically feasible or Lender's security would be lessened,the insurance proceeds shall be applied to the sums secured by this Security : Instrument,whether or not then due,with any excess paid to Borrower. If Borrower abandons the Property,or does not answer within 30 days a notice from Lender that the insurance camer has offered to settle a claim,then Lender may collect the insurance proceeds. Lender may : use the proceeds to repair or restore the Property ar to pay sums secured by this Security Instrument,whether or not then due. The 30-day : period will begin when the notice is given. Unless Lender and Borrower otherwise agree in writing,any application of proceeds to principal shall not extend or postpone the : due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If under paragraph 21 the Property : is acquired by Lender,Borrower's nght to any insurance policies and proceeds resulting from damage to the Property prior to the acquisition : shall pass to Lender to the extent of the sums secured by this Security Instrument immediately prior to the acquisition. : 6. Occupancy,Preservation,Maintenance and Protection of the Property; Borrower's Loan Application; Leaseholds. Borrower sha11 occupy,establish,and use the Property as Borrower's principal residence within sixty days after the execution of this Security : In.�trument and shall continue to occupy the Property as Borrower's principal residence for at least one year af�er the date of occupancy,unless : Loan No. : 3507030 Initials: l7 Nebraska Deed of Trust-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 09/90 To Ord CallC972)980-2178•Fax(972)392-2891 I IIIIII IIIII IIIII IIIII IIIII IIIII IIII�IIII IIIII IIIII(IIII IIII IIIII IIII (p1400 NE3C S 02 98 www.comphancesource.com — _ �_