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PLAY 26 '98 16 =45 FR TO 13083817234 P.20Z41
<br />200010147
<br />• Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br />Funds held by Leader. If, under Paragraph •18, Lender shall acquire or sell the Property, Lender, prior to the acquisition or
<br />sale of the Property, shall apply any Funds held by Lender at the tinle of acquisition or sale as a credit against the sums
<br />.secured by this Security Instrument.
<br />3. Application of payments. All payments of principal and interest received by Lender shall be applied as provided in
<br />late charges, or other fees or charges ( "other charges "), they payable upon
<br />the Note. If Borrower owes Lender any
<br />demand of Lender. Unless prohibited by law, the application de payments may be affected y the imposition or s parate1y cWill be.
<br />Therefore, payments of other charges, whether paid to Lender in addition to the Le monthly er ayyappl an payment received
<br />applied in a manner at the absolute discretion of the Lender. Borrower agrees that Lender u�ay apply y P Y
<br />under Paragraphs 1 and 2, either first to amounts payable under Paragraph 1, or first to amounts payable under Paragraph 2.
<br />q, . Pries Mortgages and Deeds of Trust; Charges; Liens. Borrower shall perforin all of Borrower's obligations under
<br />any mortgage, deed of trust or other security agreement with a lien which has priority over this Security Instrument, if any,
<br />including Borrower's covenants to [Hake payments when due. Borrower shall pay or cause to be paid all taxes, assessments and
<br />other charges, fines and impositions attributable to the Property which nay attain a priority over this Security Instrument, and
<br />leasehold payments or ground rents, if any.
<br />Borrower shall also pay, before the same become delinquent, the entire amount of any tax levied upon this Security
<br />Instrument, upon the interest of Lender under this Security Instrument or upon the indebtedness secured hereby.
<br />l,p S•:.`"�:t. ^.. C:. �3Qr: OCR :.. S'.t311 L_L,�� (}:._ i1;..1 :p�cili� *.g now e.xisti ; ^y or hemaf!er erected on the Property insured against
<br />h
<br />loss by fire, hazards included within the term "extended coverage," flood and 'w )' u: =t � ds = .cede: rta� require, from
<br />time to tithe, and in such amount and for such periods as Lender 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. If the Borrower fails to maintain the coverage described �C es
<br />may, at its option, obtain coverage to protect its rights in the Property in accordance with Paragraph S-
<br />le to Lender and shall include a standard mortgage clause in favor of and in
<br />and renewals thereof shall be in a forth acceptable
<br />a form acceptable to Lender. Lender shall have the right to-hold the policies and renewals thereof, subject to the terms of any
<br />mortgage, deed of trust or other security agreement• wit a lien which has priority over this Security Instrument. If any
<br />insurance proceeds are made payable to Borrower, Borrower shall promptly pay such amounts to Lender, including, .without
<br />limitation, the endorsement to Lender of any proceeds made by check or other draft.
<br />Unless Lender and Borrower otherwise agree in writing, insurance prooeeds shall be applied to restoration or repair
<br />of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br />restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />applied to the sums secured by this Security Instrument, whether or not them due, with any excess paid to Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not cmend or
<br />postpone the due date of the monthly payments referred to in Paragraphs 1 and 2 or change the arwmis of the payments. If
<br />under Paragraph lg the Property is acquired by Lender, Borrower's right to any Insurance policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />The provisions of this Paragraph 5 concerning the payment, disbursement or application of insurance proceeds aha11
<br />apply to any insurance proceeds covering the Property whether or not (i) Lender is a named insured, (di) the policy contains a
<br />mortgage clause or (iii) Lender has required Borrower to maintain the insurance. Borrower authorizes and directs any insurer
<br />to list Lender as a loss payee on any payment of insurance proceeds upon Lender's notice to insurer of Lender's interest in the
<br />insurance proceeds.
<br />In the event of loss, Borrower shall give prompt notice 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 insurance proceeds at Lender's option either to restoration or repair of the Property of to
<br />the sums secured by this Security Instrument.
<br />6. Preservation and Maintenance of Property; Leaseholds; Condominiums; Piauned Unit Developtneuts. Borrows
<br />shall keep the Property in good nP and shall not commit nor permit waste, impairment or deterioration of the Property.
<br />Borrower shall not do anything affecting the Property that is in violation of any law, ordinance or government regulation
<br />applicable to a residential property, and Borrower shall comply with the provisions of any lease If this Security Inatnnnent is
<br />on a leasehold. If this Security Instrument is on a unit in a condominium or a planned unit development, Borrower Shall
<br />performs all of Borrower's obligations under the declaration or covenants creating or governing the condominium or planned
<br />unit development, the by -laws and regulations of the condominium or planned unit development, and constituent documents.
<br />NEBRASKA DEED OF TRUST (2701) k _ 0087242657
<br />N1003 -3NE P QO "�
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