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<br /> TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br /> appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br /> covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br /> BORROWER COVENANTS that Bonower is lawfully seised of the estate hereby conveyed and has the right to
<br /> grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower
<br /> warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances
<br /> of record.
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
<br /> limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br /> UNIFORM COVENANTS. Bonower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due the
<br /> principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br /> 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall
<br /> pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds")
<br /> for: (a) yearly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property;
<br /> (b) yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazazd or property insurance
<br /> premiums; (d) yeazly flood insurance premiums, if any; (e) yearly mortgage insurance premiums, if any; and (fl any
<br /> sums payable by Bonower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of
<br /> mortgage insurance premiums. These items aze called "Escrow Items." Lender may, at any time, collect and hold
<br /> Funds in an amount not to exceed the maximum amount a lender for a federally related mortgage loan may require
<br /> for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of 1974 as amended from time
<br /> to time, 12 U.S.C.§ 2601 et seq. ("RESPA"), unless another law that applies to the Funds sets a lesser amount. If
<br /> so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may
<br /> estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future
<br /> Escrow Items or otherwise in accordance with applicable law.
<br /> The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity
<br /> (including Lender, if Lender is such an institution) or in any Federal Home Loan Bank. Lender shall apply the Funds
<br /> to pay the Escrow Items. Lender may not charge Bonower for holding and applying the Funds, annually analyzing
<br /> the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and applicable
<br /> law pernuts Lender to make such a charge. However, Lender may require Borrower to pay a one-time chazge for an
<br /> independent real estate tax reporting service used by Lender in connection with this loan, unless applicable law
<br /> provides otherwise. Unless an agreement is made or applicable law requires interest to be paid, Lender shall not be
<br /> required to pay Bonower any interest or earnings on the Funds. Borrower and Lender may agree in writing,however,
<br /> that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the
<br /> Funds, showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The
<br /> Funds are pledged as additional security for all sums secured by this Security Instrument.
<br /> If the Funds held by Lender exceed the amounts permitted to be held by applicable law,Lender shall account to
<br /> Bonower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held
<br /> by Lender at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing,
<br /> and, in such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make
<br /> up the deficiency in no more than twelve monthly payments, at Lender's sole discretion.
<br /> Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Bonower
<br /> any Funds held by Lender. If, under paragraph 21, Lender shall acquire or sell the Property, Lender, prior to the
<br /> acquisition or sale of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit
<br /> against the sums secured by this Security Instrument.
<br /> 3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br /> paragraphs 1 and 2 shall be applied: first,to any prepayment charges due under the Note; second, to amounts payable
<br /> under paragraph 2; third, to interest due; fourth, to principal due; and last, to any late charges due under the Note.
<br /> 4. Charges; Liens. Borrower shall pay all t�es, assessments, charges, fines and impositions attributable to the
<br /> Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br /> Borrower shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner, Borrower
<br /> NEBRAS%A-Single Family-FNMA/Fffi MC iJNIEORM INS1'Ri7MENT Form 3028 9/90
<br /> Document Systems,Inc.(800)649-1362 Page 2 of 8
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