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- 99 110447
<br /> 7. Protection of R_ender"s Seauity. If Borrower fails ta perform the covenants and agreements contained in this Deed of Trust, or if
<br /> any action or proceediny is commenced which materially affects Lender's interest in the Property, then Lender, at Lender's option, upon notice
<br /> to Borrower, may make such a,�peerances, disburse such sums, including reasonable attorneys' fees, and take such action as is necessary to
<br /> protect Lender's in+.��rest. Ii �_e��der reyuired mortgage i�surance as a condition of making the loan secured by this Deed of Trust, Borrower shall
<br /> pay the premiiuns required t�� main±ain such insurance in effect until such time as the requirement for such insurance terminates in accordance
<br /> with ESorrower's and Lendcr's �rvritteri :igreement or applicable law.
<br /> Any arnounrs disi�urse�l by Lender pursuant to this paragraph 7, with interest thereon, at the Note rate, shall become additional
<br /> indebtedness oF BorrowFr secured by this Deed of Trust. Unless Borrower and Lender agree to other terms of payment, such amounts shall be
<br /> payable upon roticc: froni Lender to Br.�rrower requesting payment thereof. Nothing contained in this paragraph 7 shall require �ender to incur
<br /> any expense or take any ac�icn herei.ir,cler.
<br /> 8. inspection. Len�er may make or r,ause to be made reasonable entries upon and inspections of the Property, provided that Lender
<br /> shaii give Borrower rotice p;ior to sr�y such irspection specifying reasonable cause therefor related to Lender's interest in the Property.
<br /> 9. Conde�rination. �fhe proce.eds of any award or claim for damages,direct or consequential, in connection with any condemnation or
<br /> other rakiny of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender, subject
<br /> to the te�ms ofi�ny mortgage, deed ot vust or other security agreement with a lien which has a priority over this Deed of Trust.
<br /> 10. Barrawer Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization
<br /> of the sums sec�ared !�y tn+s Gec;d of -(�rust granted by Lender to any successor in interest of Borro.wer shall not operate to release, in any
<br /> manner, the liability oF ihe originai Surrowzr and Borrower's successors in interest. Lender shall not be required to commence proceedings
<br /> against sucli successor or ;efuse io extend time for payment or otherwise modify amortization of the sums secured by this Deed of Trust by
<br /> reason of any demand rti�-ide by the oriyinal Borrower and Borrower's successors in interest. Any forbearance by Lender in exercising any right
<br /> or remedy hereunder, or otherwise afForded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br /> '!1. Suc.,essors and pssigns 3ound; Joint and Severai Liability; Co-Signers. The covenants and agreements herein contained shall
<br /> bind, and tne rights heraur,der shall inure to, the respective successors and assigns of Lender and Borrower, subject to the provisions of
<br /> paragraph 16 ��ereof. Aii ccvenanis and ac�reements of Borrower shall be joint and several. Any Borrower who co-signs this Deed of Trust, but
<br /> does not ex�cute the Nota, (a) is co-sigiifng this Deed of Trust only to grant and convey that Borrower's interest in the Property to Trustee under
<br /> the terms of tl�is Deud of Trust, {b) is not personally liable on the Ncte or under this Deed of Trust, and (c► agrees that Lender and any other
<br /> Borrower herei�ncier may aa;ee Eo Er,tend, n�odify, forbear, or make any other accommodations with regard to the terms of this Deed of Trust or
<br /> the Note, without that Borr»wer's cunsent and without releasing that borrower or modifying this Deed of Trust as to that Borrower's interest in
<br /> the Propertv.
<br /> 'i:'_. �otice. Except for any rotice required under applicable law to be given in another manner, (a) any notice to Borrower provided for
<br /> in ihis Deed ofi ��rust shall be giv��n by delivering it or by mailing such notice by certified mail addressed to Borrower at the Property Address or
<br /> at such other address as i�orrower rnay designate by notice to Lender as provided herein, and (b) any notice to Lender shall be given by certified
<br /> mail to Lender's address st�red herei� or to such other address as Lender may designate by notice to Borrower as provided herein. Any notice
<br /> provided for in :his Deed cf Trust sha{I oe Jeemed to have been given to Borrower or Lender when given in the manner designated herein.
<br /> ?3. �a4arning Law; Severability. Tl�e state and locai laws applicable to this Deed of Trust shall be the laws of the jurisdiction in
<br /> which the Froperty +s luca:c:d. 'Che foreyoing sentence shal not limit the applicability of federal law to this Deed of Trust. In the event that any
<br /> provision or clause oi this Deed uf T�vst or the Note conflicts with epplicable law, such conflict shall not affect other provisions of this Deed of
<br /> Trust ur the Ncte which car; be yiv�n effect without the conflicting provision, and to this end the provisions of this Deed of Trust and the Note
<br /> are declareci ;c be sevF�rak�le. "r.s used herein, "costs," "expenses" and "attorneys' fees" include all sums to the extent not prohibited by
<br /> applicable law or lirruted Ferein.
<br /> 14. 8orrower s Copy. E3urror�e� sY�all ba furnished a conformed copy of the Note and this Deed of Trust at the time of execution or
<br /> after record�tior, her��:of.
<br /> 15. Fei;abiiitation Loa�� Agreement. Borrovver shali fulfill all of Borrower's obligations under any home rehabilitation, improvement,
<br /> repair, or ottier ioan �greernent which Borrower enters into with Lender. Lender, at Lender's option, may require Borrower to execute and
<br /> deliver tu Lender, ir: a 'tunn acr,eptable to Lender, as assignment of any rights, claims or defenses which Borrower may have against parties who
<br /> supply I�bor; �nate;�:als or si�rvices ir, cor�ncction wi[h improvements made to the Property.
<br /> !6. 1'rai7�r`er oi r,he P;operty or a Beneficiai Interest in Borrower. If all or any part of the Property or any interest in it is sold or
<br /> transferrec! ;or �t a r�enefi,•iai inzeres*, in Borrovver is sold or transferred and Borrower is not a natural person) without Lender's prior written
<br /> consent, Ler,ci�r ma�-, at its or3t on, require immediate payment in full of all sums secured by this Deed of Trust. However, this option shall not
<br /> be exercisecl !.�,� !eiule� iF ex�rcise is �rohibited by federal law as of the date of this Deed of Trust.
<br /> ;i Lender exercise; *hi:; optiun, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30
<br /> days from ti�e date rhe nntice is delivered or mailed within which Borrower must pay all sums secured by this Deed of Trust. If Borrower fails to
<br /> pay these sun:s prior tc *he e,cpiration of t1�is period, Lender may invoke any remedies permitted by this Deed of Trust without further notice or
<br /> demand on Borrower.
<br /> � App # 015-08-42200589
<br /> Init�als�/�_ lnitials:_�_' !!_ Initials: Initials:
<br /> NFBRASKA. - Second Mcrtgage- 1/80 r"NMA/FHLMC UNIFORM INS7RUMENT- Form 3828 (Page 3 of 5)
<br /> Managerne�,r�ys*e�;;s Devclopm��nt, inc. (300) 9II4-6060 Loan Energizer!"" #NE_DEED Copyright (c) 1994
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