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<br /> - Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br /> Funds held by Lender. If, under Paragraph 18, Lender shall acquire or sell the Property, Lender, prior to the acquisition or
<br /> sale of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums
<br /> secured by this Security Instrument.
<br /> 3. Application of Payments. All payments of principal and interest received by Lender shall be applied as provided in
<br /> the Note. If Bonower owes Lender any late charges, or other fees or charges ("other charges"), they will be payable upon
<br /> demand of Lender. Unless prohibited by law, the application of payments may be affected by the imposition of other charges.
<br /> Therefore, payments of other charges, whether paid to Lender in addition to the monthly payment or sepazately, will be
<br /> applied in a manner at the absolute discretion of the Lender. Borrower agrees that Lender may apply any payment received
<br /> under Paragraphs 1 and 2, either first to amounts payable under Paragraph 1, or first to amounts payable under Paragraph 2.
<br /> 4. Prior Mortgages and Deeds of Trust; Charges; Liens. Borrower shall perform all of Borrower's obligations under
<br /> any mortgage, deed of trust or other security agreement with a lien which has priority over this Security Instrument, if any,
<br /> including Borrower's covenants to make payments when due. Borrower shall pay or cause to be paid all t�es, assessments and
<br /> other charges, fines and impositions attributable to the Property which may attain a priority over this Security Instrument, and
<br /> leasehold payments or ground rents, if any.
<br /> Borrower shall also pay, before the same become delinquent, the entire amount of any tax levied upon this Security
<br /> Instrument, upon the interest of Lender under this Security Instrument or upon the indebtedness secured hereby.
<br /> 5. Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against
<br /> loss by fire, hazards included within the term "extended coverage," flood and any other hazards as Lender may require, from
<br /> time to time, and in such amount and for such periods as Lender may require.
<br /> The insurance carrier providing the insurance shall be chosen by Bonower subject to approval by Lender; provided
<br /> that such approval shall not be unreasonably withheld. If the Borrower fails to maintain the coverage described above, Lender
<br /> may, at its option, obtain coverage to protect its rights in the Property in accordance with Paragraph 8. All insurance policies
<br /> and renewals thereof shall be in a form acceptable to Lender and shall include a standard mortgage clause in favor of and in
<br /> a form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof, subject to the terms of any
<br /> mortgage, deed of trust or other security agreement with a lien which has priority over this Security Instrument. If any
<br /> insurance proceeds are made payable to Borrower, Bonower shall promptly pay such amounts to Lender, including, without
<br /> limitation, the endorsement to Lender of any proceeds made by check or other draft.
<br /> Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br /> of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br /> restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br /> applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower.
<br /> Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shail not extend or
<br /> postpone the due date of the monthly payments referred to in Paragraphs 1 and 2 or change the amounts of the payments. If
<br /> under Paragraph 18 the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting
<br /> from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br /> Instrument immediately prior to the acquisition.
<br /> T'he provisions of this Paragraph 5 concerning the payment, disbursement or application of insurance proceeds shall
<br /> apply to any insurance proceeds covering the Property whether or not (i) Lender is a named insured, (ii) the policy contains a
<br /> mortgage clause or (iii) Lender has required Borrower to maintain the insurance. Bonower authorizes and directs any insurer
<br /> to list Lender as a loss payee on any payment of insurance proceeds upon Lender's notice to insurer of Lender's interest in the
<br /> insurance proceeds.
<br /> In the event of loss, Bonower shall give prompt notice to the insurance 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 Bonower fails to respond to Lender within 30 days from the date
<br /> notice is mailed by Lender to Bonower that the insurance carrier offers to settle a claim for insurance benefits, Lender is
<br /> authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property or to
<br /> the sums secured by this Security Instrument.
<br /> 6. Preservation and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Developments. Borrower
<br /> shall keep the Property in good repair and shall not commit nor permit waste, impairment or deterioration of the Property.
<br /> Borrower shall not do anything affecting the Property that is in violation of any law, ordinance or government regulation
<br /> applicable to a residential property, and Borrower shall comply with the provisions of any lease if this Security Instrument is
<br /> on a leasehold. If this Security Instrument is on a unit in a condominium or a planned unit development, Borrower shall
<br /> perform all of Bonower's obligations under the declaration or covenants creating or governing the condominium or planned
<br /> unit development, the by-laws and regulations of the condominium or planned unit development, and constituent documents.
<br /> NEBRASKA DEED OF TRUST�s�oi�Original - Record
<br /> M003-3NE Page 3 of 7 008903459 �'h�
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