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at its option and without prior notice or demand shall have the right to declare the indebtedness secured by the
<br />Security Instrument, irrespective of the maturity date specified in the Note or notes secured by the Security Instrument,
<br />immediately due and payable. Trustee, upon presentation to it of an affidavit signed by Lender setting forth facts
<br />showing a default by Borrower under this paragraph, is authorized to accept as true and conclusive all facts and
<br />statements therein, and to act thereon hereunder.
<br />29. Time is of the Essence. Time is of the essence in the performance of each provision of this Security
<br />Instrument.
<br />30. Waiver of Statute of Limitations. The pleading of the statute of limitations as a defense to enforcement of
<br />this Security Instrument, or any and all obligations referred to herein or secured hereby, is hereby waived to the fullest
<br />extent permitted by law.
<br />31. Modification. This Security Instrument may be modified or amended only by an agreement in writing signed
<br />by Borrower and Lender.
<br />32. Captions. The captions and headings at the beginning of each paragraph of this Security Instrument are for
<br />the convenience of reference only and will not be used in the interpretation of any provision of this Security
<br />Instrument.
<br />33. Construction of the Security Instrument. Borrower and Lender agree that this Security Instrument shall be
<br />interpreted in a fair, equal, and neutral manner as to each of the parties, and in the event of any ambiguity herein, no
<br />inference shall be drawn against a party by reason of document preparation.
<br />34. Miscellaneous. The terms "include" or "including, "when used in this Security Instrument, shall mean without
<br />limitation by reason of enumeration. In this Security Instrument, whenever the context so requires, the masculine
<br />gender includes the feminine and /or neuter, and the singular number includes the plural.
<br />35. Reimbursement. To the extent permitted by applicable law, Borrower shall reimburse Trustee and Lender for
<br />any and all costs, fees and expenses which either may incur, expend or sustain in the execution of the trust created
<br />hereunder or in the performance of any act required or permitted hereunder or by law or in equity or otherwise arising
<br />out of or in connection with this Security Instrument, the Note, any other note secured by this Security Instrument
<br />or any other instrument executed by Borrower in connection with the Note or Security Instrument. To the extent
<br />permitted by applicable law, Borrower shall pay to Trustee and Lender their fees in connection with Trustee and
<br />Lender providing documents or services arising out of or in connection with this Security Instrument, the Note, any
<br />other note secured by this Security Instrument or any other instrument executed by Borrower in connection with the
<br />Note or Security Instrument.
<br />36. Clerical Error. In the event Lender at any time discovers that the Note, any other note secured by this Security
<br />Instrument, the Security Instrument, or any other document or instrument executed in connection with the Security
<br />Instrument, the Note or any other note secured by this Security Instrument contains an error that was caused by a
<br />clerical mistake, calculation error, computer malfunction, printing error or similar error, Borrower agrees, upon notice
<br />from Lender, to reexecute any documents that are necessary to correct any such error(s). Borrower further agrees that
<br />Lender will not be liable to Borrower for any damages incurred by Borrower that are directly or indirectly caused by
<br />any such error.
<br />37. Lost, Stolen, Destroyed or Mutilated Security Instrument and Other Documents. In the event of the loss, theft
<br />or destruction of the Note, any other note secured by this Security Instrument, the Security Instrument or any other
<br />documents or instruments executed in connection with the Security Instrument, Note or notes (collectively, the "Loan
<br />Documents "), upon Borrower's receipt of an indemnification executed in favor of Borrower by Lender, or, in the event
<br />of the mutilation of any of the Loan Documents, upon Lender's surrender to Borrower of the mutilated Loan
<br />Document, Borrower shall execute and deliver to Lender a Loan Document in form and content identical to, and to
<br />serve as a replacement of, the lost, stolen, destroyed, or mutilated Loan Document and such replacement shall have
<br />the same force in effect as the lost, stolen, destroyed, or mutilated Loan Documents, and may be treated for all
<br />purposes as the original copy of such Loan Document.
<br />38. Assignment of Rents. As additional security hereunder, Borrower hereby assigns to Lender the rents of the
<br />Property, with or without taking possession of the Property. Borrower shall have the right to collect and retain the
<br />rents of the Property as they become due and payable provided Lender has not exercised its rights to require immediate
<br />payment in full of the sums secured by this Security Instrument and Borrower has not abandoned the Property.
<br />39. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of rendering
<br />any provision of the Note or this Security Instrument unenforceable according to its terms, Lender, at its option, may
<br />require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 21 of this Security Instrument.
<br />KI If this box is checked, the following paragraph 40 is agreed to by Borrower:
<br />40. Owner- Occupancy of Security Property. As an inducement for Lender to make the loan secured by the
<br />Security Instrument, Borrower has represented to Lender that the Property will be occupied by Borrower within sixty
<br />(60) days following recordation of the Security Instrument and during the twelve (12) month period immediately
<br />following recordation of the Security Instrument as Borrower's primary residence. Borrower acknowledges (a) that
<br />Lender would not have agreed to make the loan evidenced by the Note or notes secured by this Security Instrument
<br />if the Property were not to be owner- occupied, and (b) that the interest rate set forth on the face of the Note and
<br />other terms of the loan were determined as a result of Borrower's representation that the Property would be owner -
<br />occupied. Borrower further acknowledges that, among other things (i) purchasers of loans (including agencies,
<br />associations and corporations created by the federal and state governments for the purchase of loans) typically require
<br />that properties securing loans acquired by such purchasers be owner- occupied, and will reject for purchase loans for
<br />which security properties are not owner- occupied, (ii) Lender's ability to sell a loan or an interest in a loan (which
<br />it often does in the ordinary course of business) will thereby be impaired where a security property is not owner -
<br />occupied, (iii) the risks involved and the costs of holding and administering a loan are often higher in the case of a
<br />loan in which the security property is not owner- occupied, and (iv) if and when Lender makes a loan on the security
<br />of non -owner occupied property, Lender typically makes such a loan on terms different from those of loans secured
<br />NEBRASKA ARM PROGRAMS (REV. 031"
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