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tTOAN -' , . .. . � ,
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br /> i 1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest
<br />� iudebtedness evidenced by the Note a�id late charges as provided in the Note.
<br />� 2. Ftmds for Taxes and Insurance. Subject to applicable law or a writteu waiver by Lender, Borrower shall pay to
<br /> Lender o❑ tl�e day montlily payments of principal and interest are payable under the Note, uutil the Note is raid iu full, a
<br /> suin (lierein "Funds") eyual to one-twelfth of the yearly taxes and assessments (including coudominiutn and planned unit
<br /> develop»�ent assessmeiiis, if any) wliicl> >Y�ay attain priority over tl�is Deed of Trust, aud ground rents oi� tlie Properry, if
<br /> any, plus one-twelfth of yearly premium iustallmeuts for hazard insurance, plus oue-twelfth of yearly premium installments
<br /> for mortgage insurance, if any, all as reasonably estimated uiitially and from time to time by Lender on the basis of
<br /> assessments and bills aud reasonable estimates thereof. Borrower shall not be obligated to make such payments of Funds
<br /> to Lender to the exteut that Borrower makes such payments to the holder of a prior mortgage or deed of trust if such holder
<br /> is an institutional lender.
<br /> If Borrower pays Funds to Lender, the Funds shall be held in an institutiou the deposits or accounts of which are
<br /> insured or guaranteed by a Federal or state agency (including Lender if Lender is such an institution). Lender shall apply
<br /> the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge for so holding and
<br /> applying the Funds, analyzing said acc�unt or verifying and compiling said assessments and bills, unless Lender pays
<br /> i Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree
<br /> in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower, and unless
<br /> .cucl� abreeitient is inade or applieable law reyuires sueh interest to be paid, Leuder shal] not he required to pay Bc�rrower �
<br /> a��y iuterest or earuinbs ou tl�e Funds. Lender sliall give to Borrower, without cl�arge, au aui�ual accounting of the Funds
<br /> sl�owing credits aiid debits to tl�e Funds and the purpose for wliich eacli debit to the Funds was made. The Fuuds are
<br /> pledged as additional security far the sums secured by this Deed of Trust.
<br /> If the atr�ount of the Funds held by Lender, together with the future monthly install�T�ents of Funds payable prior to
<br /> the due dates of taxes, assessments, insurance premiums and gmund rents, shall exceed the amount required to pay said
<br /> taxes, assessments, insurance premiuuis and ground rents as they fall due, such excess shall be, at Borrower's option,
<br /> either promptly repaid to Borrower or credited to Borrower on mouthly installments of Funds. If the amount of the Funds
<br /> held by Le�ider shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br /> Borrower sliall pay to Lender any amount necessary to make up the deficiency in one or more payments as Lender may
<br /> require.
<br /> Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds
<br /> held by Lender. If under paragrapl� 17 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br /> shall apply, uo later thau immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br /> Lender at the time of application as a credit agai�ist the sums secured by tl�is Deed of Trust.
<br /> 3. Application of Payments. U��less applicahle law provides otlierwise, all payments received by Lender under tl�e
<br /> Note and paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amouuts payable to Lender by Borrower
<br /> under paragraph 2 hereof, then to iuterest payable on the Note, and tl�en to the principal of the Note.
<br /> 4. Prior Mortgages and Deeds of Trust; Charges; Liens. Borrower shall perfarm all of Borrower's obligations
<br /> under any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of Trust,
<br /> includiug Borrower's covenants to make payments when due. Borrower shall pay or cause to be paid all taxes, assessments
<br /> and other charges, tines and impositions attributable to the Property which may attain a priority over this Deed of Trust,
<br /> and leasehold payments or grouud rents, if any.
<br /> 5. Hazard Insurance. Borrower shall keep the i�Tiprovements now existiu� or l�ereafter erected on tl�e Property
<br /> insured agai�ist loss hy fire, l�azards included witliin tl�e term "exteiided coverage", and such otl�er hazards as Lender may �
<br /> reyuire and iii such ainounts and for such periods as Lender may require. �
<br /> The insurance carrier providing tl�e iusurance shall be choseu by Borrower subject to approval by Lender; provided,
<br /> that such appmval shall not be uureasonably withheld. All insurance policies and renewals thereof shall be in a form �
<br /> acceptable to Lender and shall include a standard mortgage clause in favor of and in a form acceptable to Lender. Lender
<br /> shall have the right to hold the policies and renewals thereof, subject to the terms of any mortgage, deed of trust or other
<br /> security agreement with a lien which lias priority over this Deed of Trust.
<br /> In the event of loss, Borrower shall give prompt notice to the insurauce 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 witl�in 30 days from the date
<br /> notice is mailed by Lender to Borrower tl�at the insurance carrier offers to settle a claim for iusurance benefits, Lender is
<br /> authorized to collect ai�d apply tl�e insurance proceeds at Lender's option either to restoration or repair of the Property or ;
<br /> to the sums secured hy this Deed of Trust. �
<br /> 6. Preservation and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Developments.
<br /> Borrower shall keep the Property in good repair and shall not conunit waste or pennit impainnent or deteriaration of the
<br /> Property and shall comply with the provisions of any lease if this Deed of Trust is oii a leasehold. If this Deed of Trust is
<br /> ou a unit iu a condominium or a planned unit development, Borrower shall perform all of Borrower's obligations under the �
<br /> declaration or coveuarits creating or goveruiug the condomiuium or plamied unit development, the by-laws and regulations �
<br /> of the condominium or plamied unit develapmeut, and constituent documents.
<br /> 7. Protection of Lencler's Security. If Borrower fails to perform the covenants and agreements contained iu tl�is �
<br /> Deed of Trust, or if any action ar proceeding is commenced which materially affects Lender's interest in die Property, then
<br /> Lei�der, at Lender's option, upon notice to Borrower, may make such appearances, disburse such sums, including
<br /> reasouable attorneys' fees, and take such action as is necessary to protect Leuder's interest. If Lender required mortgage
<br /> insurance as a condition of makiug tl�e loau secured by this Deed pf Trust, Borrower shall pay tl�e premiums required to
<br /> i��aintain sucli iusurance in effect until sucl� time as tl�e reyuirement for such insurance terminates iti accordance witli
<br /> Borrower's and Lender's written agreement or applicable law.
<br /> Ai�y amounts disbursed by Lender pursuant to this paragrapl� 7, with interest thereon, at the Note rate, shall become
<br /> additional indebtedness of Borrower secured by tl�is Deed of Trust. Uiiless Borrower and Lender agree to other terms of
<br /> payment, such amounts shall be payable upon i�otice from Lender to Borrower requesting payment thereof. Nothing
<br /> co�itained in this paragrapl� 7 shall require Lender to incur auy expense or take any action hereunder.
<br /> 8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property,
<br /> provided that Lender shall give Borrower notice prior to auy such inspection specifying reasonable cause therefor related to
<br /> Lender's interest in the Property.
<br /> Nebraska 26876-4 1/98 OriQinal(Recordedl Co�v(Branch) Conv(Customer) Pace 2 of5
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