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200409803
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances and rents (subject however to the rights and authorities given herein to Lender to collect
<br />and apply such rents), all of which shall be deemed to be and remain a part of the property covered by this
<br />Deed of Trust; and all of the foregoing, together with said property (or the leasehold estate if this Deed of
<br />Trust is on a leasehold) are hereinafter referred to as the "Property". Borrower understands and agrees that
<br />MERS holds only legal title to the interests granted by Borrower in this Security Instrument, but, if necessary
<br />to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the
<br />right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the
<br />Property; and to take any action required of Lender including, but not limited to, releasing and canceling this
<br />Security Instrument.
<br />TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated
<br />October 4, 2004 and extensions and renewals thereof (herein "Note "), in the principal sum of
<br />U.S. $25,700.00 , with interest thereon, providing for monthly installments of principal and
<br />interest, with the balance of the indebtedness, if not sooner paid, due and payable on November 1
<br />2034 ; the payment of all other sums, with interest thereon, advanced in accordance herewith to
<br />protect the security of this Deed of Trust; and the performance of the covenants and agreements of Borrower
<br />herein contained.
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Property, and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower covenants that Borrower warrants and will defend generally the title to the Property against all
<br />claims and demands, subject to encumbrances of record.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest
<br />indebtedness evidenced by the Note and late charges as provided in the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Borrower
<br />shall pay to Lender on the day monthly payments of principal and interest are payable under the Note, until
<br />the Note is paid in full, a sum (herein "Funds ") equal to one - twelfth of the yearly taxes and assessments
<br />(including condominium and planned unit development assessments, if any) which may attain priority over this
<br />Deed of Trust, and ground rents on the Property, if any, plus one - twelfth of yearly premium installments for
<br />hazard insurance, plus one - twelfth of yearly premium installments for mortgage insurance, if any, all as
<br />reasonably estimated initially and from time to time by Lender on the basis of assessments and bills and
<br />reasonable estimates thereof. Borrower shall not be obligated to make such payments of Funds to Lender to
<br />the extent that Borrower makes such payments to the holder of a prior mortgage or deed of trust if such a
<br />holder is an institutional lender.
<br />If Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of
<br />which are insured or guaranteed by a Federal or state agency (including Lender if Lender is such an
<br />institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground
<br />rents. Lender may not charge for so holding and applying the Funds, analyzing said account or verifying and
<br />compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of
<br />this Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or
<br />applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any interest or
<br />earnings on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds
<br />showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The
<br />Funds are 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 of Funds payable
<br />prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount
<br />required to pay said taxes, assessments, insurance premiums and ground rents as they fall due, such excess
<br />shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly
<br />installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay taxes,
<br />assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender any amount
<br />necessary to make up the deficiency in one or more payments as Lender may require.
<br />NEBRASKA - SECOND MORTGAGE - 1/80 - FNMA/FHLMC UNIFORM INSTRUMENT
<br />Form 3828
<br />Laser Forms Inc. (800) 446-3555
<br />LFI #FNMA3828 -MERS 4/02 Page 2 of 7 Initials:
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