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Apr -26 -2004 11:50ae From - CITICORP TRUST BANK fsb
<br />8184684166 T -524 P.008 /040 F -115
<br />UNIFORM COVEgANTS, Borrower and Lender covenant and agree as follOwswhett due the principal and interest
<br />1. payment of Ptrinclp�al and Intesect. Borrower shall promptly pay l„
<br />indebtedness evidenced by the Note, and laf ebArges as provided in the Note. '
<br />2. Funds for Taxes aid Insumnce. subject to applicable law or i i ik No by Lender, Borrower re is paid fall, Lender on the day monthly payments of principal and interest are payable
<br />sum (hem "Funds ") equal to one - twelfth Of the Yearly taxes and assessments (including condominium and planned limit
<br />development assessments. if ally) which MAY attain Priority over this Deed of Trust, and ground rents on the Pr+ol?dM, if
<br />any, plus one - twelfth of yearly prcuuurn installments for hazard insurance, plus one - twelfth of yearly pt>rmitua installments
<br />for mortgage insurance, if any, all as reasonably estimated initially and from time to time by Lender on the basis of
<br />to Leader the extents that Borrower makes such Payments to to the holder of obligated to make
<br />gage or dead of ttriust if such such holder
<br />m Lt�lder t
<br />is an institutional lender.
<br />if Borrower pays Parade to Lender, the Funds snail be held in an insti[ution the deposits or accounts of which are
<br />insures! or rower pay by a Federal or state Fun (Including Lender if Lender is such un institution). '[.,ender shall.apply
<br />the Funds pay said taxes, assessments, insurance premiums and ground rents. Lender rttay not charge for so holding and
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<br />applying the Funds, anily2ing said account or verifying and compiling said assessmentts and bills, unless Lander pays
<br />Borro wer ;merest on the Funds and applicable law peanuts Lender to make such a charge. Borrower and Lender may agree
<br />in writing at fire time of exeeution of this Deed of Trust that interest on the Funds shall be paid to Borrower, and unless
<br />such agreement is made or applicable law requires such interest to be paid, Lander shalt not be required to pay Borrower
<br />any interest or earnings on the Funds. Lender sbe l give to Borrower, without charge, au annual amounting of the Funds
<br />showing credits and debits to the irtnads and the purpose for which each debit to the Funds was made. The Funds are
<br />pledged as additional security for the sums secured by this Deed of Trust.
<br />If the amount of the Funds held by Lender, together with the future monthly installments f Funds payable prior to
<br />assessments, insurance premiums and ground rents, snail eztxai the amount required to pay said
<br />the due dates of taxes, ass
<br />razes, assessments, insurance premiums and ground =to as they fall due, such excess shah be, at Borrower's option,
<br />either promptly repaid to Burrower or credited to Borrower on monthly installments of funds. if the arnoura of the Fonds
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance preinituns and ground rents as they fall due,
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency in one or more payments as Lender may
<br />require. t rent tl refund to Borrower any Funds
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall p P Y
<br />held by Leader, if under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply. no later than irnurediataly prior to the We of the Property or its acquisition. by Leader, any Funds held by
<br />Lender at the time of application as a credit against the turns secured by this Deed of Trust.
<br />3, Application of Payments- Unless applicable law provides otherwise, all payzrients received by Lender under the
<br />Note and paragraphs 1 aid 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note, and then to the principal of the Note -
<br />4. Prior Mturtgages and Deeds of Trust; Charges; Liens. Borrower shall perform all of Borrower's obligations
<br />tinder any mortgage, deed of trust or other security agreement with a lien which lus priority over this Deed of Trust,
<br />including Borrower's coveoWs to make payments when due. Borrower shall pay or mitse io be paid all taxes, assessments
<br />and other charges, fines sad impositions attributable to the Property which may attain a priority over this Deed of Trusi,
<br />and leasehold pavn=ts or ground terns, if any.
<br />S. Huard Insurance. Borrower Shall keep the improvements now existing or hereAfter exectad on the Property
<br />insured apw st loss by fire, hazards included within the term "extended coverage ", ml such oitter hazards as Lender may
<br />require and in such &m.. unts and for such periods as Lender m. ay require.
<br />The insurance carrier providing the insurance shah be chosen by Borrower subjs-tt to approval by Lender; provided,
<br />that such approval shall not be unreasonably withheld. All insurance policies and tenewals thereof shall be in a form
<br />acceptable to Lender and shall include a standard mortgage clause in favor of and in it form acceptable co Lender. Lander
<br />shall have the right to hold the policies and renewals the eof, subject to the terms of any mortgage, deed of oust or other
<br />wcurity agreetn =r with a lien which has priority over this Deed of Trust.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Leader, Lender may make proof
<br />of loss if not made promptly by Borrower.
<br />if the Property is abanciQne�i by 13orrawes, or i' Borrower fails to respond to l..ezlder within 30 days from � date
<br />notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim far insurance benefits, Lender is
<br />authorized to collect end apply the insurance proceeds at Lender's option either to restoration or repair of the Property or
<br />to the sums secured by this Deed of Trust.
<br />6. presnnrvatioxt and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Developments.
<br />Borrower shall keep the Property in good repair and shall no
<br />commit waste or permit impairment or deterioration of the
<br />Property and shall comply with toe provisions of any lease if this Deed of Trust is can a leasehold, if this Deed of Trust is
<br />on a unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's obligations under the
<br />declaration or coven,9nts creating o, gL) vernitig r-lic condominiunt, or planned unit development, the by -laws and regulations
<br />of the condominium or planned unit development, and constituent dOCttt11011ts-
<br />7. Protection of Lender's Security. If Borrower fails to perform the covenants and agreements contained in ,his
<br />Deed of Trost, or if atnY action or proceeding is commenced whici: materially affects Lender's interest it- the Property, then
<br />Lender, at Under's option, upon notice to Borrower, may make such appearances. disburse such sums, including
<br />.reasonable attorneys' fees, and take such action as is rtecessar-,y to proteer Lender's interest. If Lender required mortgage
<br />insurance as a condition of making the loan secured by this Deed of Trost, Bor rower shall pay, the premiums required to
<br />maintain such insurance in effect until such lime a5 the requirement for such iasucLxe terminates in accordance with
<br />Borrower's and Lender's written agreement cr applicable law.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest Thereon, at the Note rate, shall become
<br />additional indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to other release of
<br />payment, such amounts shall be payable upon notice from Lender to Borrower requesting payment thereof. Nothing
<br />contained in this pangraph 7 shall mqu:re Lender :o incur any expense or take any action hereunder.
<br />8. Inspeetior.. 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 any such inspection specifying reasonable cause therefor related to
<br />Lentler "s interest ir aic r(operry.
<br />NebraskaZQ16-4 1•199 origiaaL(Recorded) Copy(Zranch) Cop• (CueLataer) Page 2oPS
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