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99 106276
<br /> which has the address of 512 WEST LOUI SE GRAND I SLAND
<br /> [sc�eacl [a<y]
<br /> Nebraska 6 8 8 01 ("Property Address");
<br /> [Zip Code]
<br /> TOGETHERWITH all the improvements now or hereafter erected on the property, and all easements,
<br /> appurtenances,and fi�rtures now or hereaftera part of the property. All replacementsand additions shall also
<br /> be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the
<br /> "Property".
<br /> BORROWERCOVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the
<br /> right to grant and convey the Property and that the Property is unencumbered,except for encumbrancesof
<br /> record. Borrower warrants and will defend generally the title to the Property against all claims and demands,
<br /> subject to any encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform
<br /> covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real
<br /> property.
<br /> UNIFORMCOVENANTS Borrower and Lender covenant and agree as follows: ,
<br /> 1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay '
<br /> when due the principal of and interest on the debt evidenced by the Note and any prepayment and late charges
<br /> due under the Note.
<br /> 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender,
<br /> Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in
<br /> full, a sum ("Funds") for: (a) yearly t�es and assessments which may attain priority over this Security
<br /> Instrumentas a lien on the Property; (b)yearly leaseholdpayments or ground rents on the Property, if any;
<br /> (c) yearly hazard or property insurance premiums; (d)yearly flood insurance premiums,if any; (e)yearly
<br /> mortgage insurance premiums, if any; and (f) any sums payable by Borrower to Lender, in accordance with
<br /> the provisions of paragraph8, in lieu of the payment of mortgage insurance premiums. These items are called
<br /> "Escrow Items". Lender may, at any time, collect and hold F�tnds in an amount not to exceed the maximum
<br /> amount a lender for a federally related mortgage loan may require for Borrower's escrow account under the
<br /> federal Real Estate Settlement Procedures Act of 1974 as amended from time to tune, 12 U.S.C. § 2601 �
<br /> se�. ("RESPA"), unless anotherlaw that applies to the Funds sets a lesser amount. If so, Lendermay, at any
<br /> time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount
<br /> of Funds due on the basis of current data and reasonable estimates of eapenditures of future Escrow Items or
<br /> otherwise in accordance with applicable law.
<br /> The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality,
<br /> or entiry(including Lender,if Lender is such an institution)or in any FederalHome Loan Bank. Lender shall
<br /> apply the Funds to pay the Escrow Items. Lender may r_et charge Borrower for holding and applying the
<br /> Funds, annually analyzmg the escrow account, or verifying the Escrow Items, unless Lender pays Borrower
<br /> interest on the Funds and applicable law permits Lender to make such a charge. However, Lender may
<br /> require Borrower to pay a one-time charge for an independentreal estate tu�reportmg service used by Lender
<br /> in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or
<br /> applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or
<br /> earnings on the Funds. Borrower and Lender may agree in writing, however, that interest shall be paid on the
<br /> F�nds. Lender shall give to Borrower, without charge, an annual accounting of the Fl�nds, showing credits
<br /> and debits to the�nds and the purpose for which each debit to the Funds was made. The Funds are pledged
<br /> 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
<br /> account to Borrower for the excess Funds in accordance with the requirements of applicable law. If the
<br /> amount of the F�nds held by Lender at any time is not sufficient to pay the Escrow Items when due, Lender
<br /> may so notify Borrower in writing, and, in such case Borrower shall pay to Lender the amount necessary to
<br /> make up the deficiency. Borrower shall make up the deficiency in no more than twelve monthly payments, at
<br /> Lender's sole discretion.
<br /> Upon payment in full of all sums secured by this Security Instrument,Lender shall promptly refund to
<br /> Borrower any Funds held by Lender. If, under paragraph 21, Lender shall acquire or sell the Property,
<br /> Lender,prior to the acquisition or sale of the Property, shall apply any F�nds held by Lender at the time of
<br /> acquisition or sale as a credit against the sums secured by this Security Instrument.
<br /> 3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender
<br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac Uniform Instrument
<br /> Form 3028 9/90
<br /> laser Forms Inc. (800�446-3555 �
<br /> LIFT#FNMA3028 3196 Page 2 of 7 Initials•
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