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. • gg_ sos9s� which has the address of 10 7 WE S T 15 TH GRAND I S LAND tst�eet] tc�cy� Nebraska 6 8 8 O 1 ("Property Address"); [Zip Code] TOGETHERWITH all the improvements now or hereafter erect�d on the property, and all easements, appurtenances,and fixtures now or hereaftera part of the property. All replacementsand additions shall also be covered by this Security Instrument. All of the foregoing is referredto in this Security Instrumentas the "Property". BORROWERCOVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered,except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORMCOVENANTS Borrower and Lender covenant and agree as follows: 1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds") for: (a) yearly tases and assessments which may attain priority over this Securiry Instrument as a lien on the Property; (b)yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or property insurance premiums; (d)yearly flood insurance premiums,if any; (e)yearly martgage insurance premiums,if any; and (� any sums payable by Borrower to Lender, in accordance with the provisions of paragraph8, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items". Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2601 � se�c. ("RESPA"), unless anotherlaw that applies to the Funds sets a lesser amount. If so, Lender may, at any time, collect and hold�nds in an amount not to exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of current data and reasonable estimates of e�enditures of future Escrow Items or otherwise in accordance with applicable law. The Funds shall be held in an institution whose deposits aze insured by a federal agency, instrumentality, or entity(including Lender,if Lender is such an institution)or in any FederalHome Loan Bank. Lender shall apply the Funds to pay the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the �nds and applicable law permits Lender io make such a charge. However, Lender may require Borrower to pay a one-time charge for an independentreal estate t�reporting service used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender may agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the F�nds, showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The F�nds are pledged as additional security for all sums secured by this Security Instrument. If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender at any time is not suff'icient to pay the Escrow Items when due, Lender may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the amount 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 Instrument,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 Properry, shall apply any F�nds held by Lender at the time of acquisition or sale as a credit against the sums secured by this Security Instrument. 3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender NEBRASKA-Single Family-Fannie Mae/Freddie Mac Uniform Instrument Form 3028 9/90 �aser Forms Inc.(800)446-3555 LIFT#FNMA3028 3196 Page 2 of 7 Initials: