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<br /> BRRNICF� J BEEDER �102�4
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<br />; � UNIFORM COVENANTS. Borrower and Leuder covenant and agree as fallows:
<br /> 1. Payment of Princi�al and Interest. Borrower shall promptly pay wheu due the principal and interest
<br /> indebtedness evidenced by the Note and late diar�es as provided in the Note.
<br /> ' 2. Fimds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Borrower shall pay to
<br /> Lender on the day moutlily payments of principal and interest are payable under the Note, until the Note is paid in full, a
<br /> sum (herein "Funds") equal to one-twelftl� of the yearly taxes aud assessments (including condominium and plaimed uuit
<br /> development assessments, if any) which may attaiu priority over this Deed of Trust, aud ground rents on the Property, if
<br /> any, plus one-twelfrh of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium installments
<br /> far martgage insurance, if any, all as reasonably estimated initially aud from time to time by Lender on the basis of
<br /> assessments and bills and reasouable estimates thereof. Borrower shall not be obligated to make such payments of Funds
<br /> to Lender to the extent that Borrower makes such payments to the holder of a prior mortgage or deed of trust if such holder
<br /> is an institutionai lender.
<br /> If Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of which are
<br /> insured or guaranteed by a Federal or state agency (including Lender if Lender is sucli an institution). Lender shall apply
<br /> the Funds to pay said taxes, assessmeuts, insurance premiums and ground rents. Lender may not charge for so holding and
<br /> applying the Fuuds, analyzuig said account or verifying and compiling said assessments and bills, unless Lender pays
<br /> B�rrower interest on the Funds and applicable law perniits Leuder to make such a charge. Borrower aud Lender may agree
<br /> in wri[in�> al the time of execiition oY[iiis Deed uf�[�rust tiiat interest ott the i��uuds sha.l be paid to Bormwer, and unless
<br /> such agreemeut is made or applicable law requires such iiiterest to be paid, Leuder shall not be required to pay Borrower
<br /> any interest or earnings on the Funds. Lender shall give to Borrower, without charge, an amival accounting of the Funds
<br /> showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are
<br /> pledged as additional security for the sums secured by this Deed of Trust.
<br /> If the amount of the Funds held by Lender, together with the future montlily installments of Funds payable prior to
<br /> the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said
<br /> taxes, assessments, insurance premiums and grouud reuts as they fall due, such excess shall be, at Borrower's option,
<br /> either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br /> held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br /> Borrower shall pay to Lender any amount uecessary to make up the deticiency in one or more payments as Lender may
<br /> require.
<br /> Upon payment iu full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds
<br /> held by Lender. If under paragrapl� 17 hereof the Property is sold ar tlie Property is otherwise acquired by Lender, Lender
<br /> shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br /> Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br /> 3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under the
<br /> Note and paragraphs 1 and 2 hereof shall be applied by Lender first iu payment of amounts payable to Lender by Borrower
<br /> under paragraph 2 hereof, then to interest payable on the Note, and then to the principal of the Note.
<br /> 4. Prior Mortgages and Deeds of Trust; Charges; Liens. Borrower shall perform all of Borrower's obligations
<br /> under any mortgage, deed of trust ar other security agreement with a lien which has priority over this Deed of Trust,
<br /> includi�ig Borrower's cuveiiants to maKe paytnenis whe�i�iue. Sorrower shalt pay or cause to he paid ait tAxes, assessments
<br /> and otlier charges, tines and impositions attributable to tl�e Properry which may attain a priority over this Deed of Trust,
<br /> and leasehold payments or grouud rents, if auy.
<br /> 5. Hazard Insurance. Borrower shall keep the iinprovenieuts uow existing or hereafter erected on the Property
<br /> insured agaiust loss by tire, hazards included within the term "extended coverage", and such other hazards as Lender may
<br /> require and in such amounts aud for such periods as Leuder may require.
<br /> The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided,
<br /> that such approval shall not be unreasonably withheld. All insurance policies and renewals thereof shall be in a form
<br /> acceptable to Lender and shall include a standard mortgage clause in favor of and in a form acceptable to Lender. Lender
<br /> shall have the right to hold the policies and reuewals thereof, subject to the terms of any martgage, deed of trust or other
<br /> security agreement witl� a lien which has priority over this Deed of Trust.
<br /> In the event of loss, Borrower shall give prompt uotice to the insurance carrier and Lender. Lender may make proof
<br /> of loss if not made promptly by Borrower.
<br /> If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the date
<br /> notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender is
<br /> authorized to collect and apply the iusurance pmceeds at Lender's option either to restoration or repair of the Property or
<br /> to the sums secured by this Deed of Trust.
<br /> 6. Preservation and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Developments. ,
<br /> Barrower shall keep the Property in good repair and shall not commit waste or permit impairment or deterioration of the
<br /> Property and shall comply with the provisions of any lease if this Deed of Trust is on a leasel�old. If this Deed of Trust is
<br /> on a ui�it in a condominiwn ur a plamied unit developinent, Borrower shall perform all of Borrower's obligations under the
<br /> § ��,,., •c �iatiuu�r wve�uts �reating c�r�c>veruuig rlie c.�ndoniiuiuiu o: la�.uiesi unit � �e n�mevt2 tl�e.by-lati�,�s aud regulatiai�s
<br /> _ ,_,
<br />�'�� o ie'co om n`"�iiim or pla�ed unif`�4�e1��;�tni��a'e�'t-e���aients.
<br /> 7. Protection of Lender's Securit3-. If Borrc�wer fails to perform tl�e eovenants aud agreemeiits contained in this
<br /> Deed of Trust, or if auy action or proceeding is cominenced whicl�materially affects Lender's interest iu the Property, then
<br /> Lender, at Lender's option, upon notice to Borrower, may make such appearances, disburse such sums, including
<br /> reasonable attorneys' fees, and take such action as is necessary to protect Lender's interest. If Lender required mortgage
<br /> insurance as a condition of making the loau secured by this Deed of Trust, Borrower shall pay tl�e premiums required to
<br /> maiutain such insurance in effect until such time as the requirement for such insurance terminates in accordance with
<br /> Borrower's and Lender's written agreemeut ar applicable law.
<br /> Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, at the Note rate, shall become
<br /> additional indebteduess of Borrower secured by this Deed of Trust. Uiiless Borrower and Lender agree to other terms of
<br /> payment, such amounts shall be payable upon notice from Lender to Borrower reyuestiug payment thereof. Nothing
<br /> contained in tliis para�raph 7 shall require Lender to incur any expense or take any action hereunder.
<br /> S. Inspection. Lender may make or cause to be made reasonable entries upon and iuspections of the Property,
<br /> provided that Leuder shall give Borrower uotice priar to any such inspection specifying reasonable cause therefor related to
<br /> Leuder's interest in the Property.
<br /> Nebraska 26876-4 1/98 Original(Recorded) Copy(Branch) Copy(Customer) Page 2 oes �
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