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<br />of Trust is on a unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's
<br />obligations corder the declaration or covenants creating or governing the condominium or planned unit development,
<br />the by -laws and regulations of the condominium or planned unit development, and constituent documents.
<br />7. Protection of Lender's Security. If Borrower fails to perform the covenants and agreements contained in this
<br />Deed of Trust, or if any action or proceeding is commenced which materially affects Lender's interest in the Property,
<br />then Lender, at Lender's option, upon notice to Borrower, may make such appearances, disburse such sums, including
<br />reasonable attorneys' fees, and take such action as is necessary to protect Lender's interest. If Lender required
<br />mortgage insurance as a condition of making the loan seemed by this Deed of Trost, Borrower shall pay the premimus
<br />required to maintain such insurance in effect until such time as the requirement for such insurance terminates in
<br />accordance with Borrower's and Lender's written agreement or applicable law.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, at the Note rate, shall
<br />become additional indebtedness of Borrower seemed by this Deed of Trost. Unless Borrower and Lender agree to
<br />other terms of payment, such amounts shall he payable upon notice from Lender to Borrower requesting payment
<br />thereof. Nothing contained in this paragraph 7 shall require Lender in incur any 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 any such inspection specifying reasonable cause therefor
<br />related to Lender's interest in the Property.
<br />9. Condemnation The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other taking of the Property, or pan thereof, or for conveyance in lieu of condemnation, are
<br />hereby assigned and shall be paid to Lender, subject to the terms of any mortgage, deed of trust or other security
<br />agreement with a lien which has priority over this Deed of Trust.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Deed of Trost granted by Lender to any successor in interest
<br />of Borrower shall not operate to release, in any manner, the liability of the original Borrower and Borrower's
<br />successors in interest. Lender shall not be required to commence proceedings against such successor or refuse to
<br />extend time for payment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any
<br />demand made by the original Borrower and Borrower's successors in interest. Any forbearance by Lender in exercising
<br />any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the
<br />exercise of any such right or remedy.
<br />11. Succeason and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements herein
<br />conained shall bind, and the rights hereunder shall more to, the respective successors and assigns of Lender and
<br />Borrower, subject to the provisions of paragraph 16 hereof. All covenants and agreements of Borrower shall be joint
<br />and several. Any Borrower who co -signs this Deed of Trust, but does not execute the Note, (a) is co- signing this Deed
<br />of Trust only for grant and convey that Borrower's interest in the Property to Trustee under the terms of this Deed of
<br />Trust, (b) is not personally liable on the Note or under this Deed of Trost, and (c) agrees that Lender and mhy other
<br />Borrower hereunder may agree to extend, modify, forbear, or make any other accommodations with regard to the terms
<br />of this Deed of Trust or the Note without that Borrower's consent and without releasing that Borrower or modifying
<br />this Deed of Trust as to that Borrower's interest in the Property.
<br />12. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice
<br />to Borrower provided for in this Deed of Trost shall be given by delivering it or by mailing such notice by certified
<br />mail addressed to Borrower at the Property Address or at such other address as Borrower may designate by notice to
<br />Lender as provided herein, and (b) any notice to Lender shall he given by certified mail in Lender's address sated
<br />herein or to such other address as Lender may designate by notice to Borrower as provided herein. ' Any notice
<br />provided for in this Deed of Trost shall be deehned to have been given to Borrower or Lender when given in the
<br />manner designated herein.
<br />13. Governing Law; Severability. The state and local laws applicable to this Deed of Trust shall be the laws of
<br />the jurisdiction in which the Property is located. The foregoing sentence shall not limit the applicability of Federal
<br />law to this Deed of Trust. In the event that any provision or clause of this Deed of Trust or the Now conflicts with
<br />applicable law, such conflict shall not affect other provisions of this Deed of Trust or the Note which can be given
<br />effect without the conflicting provision, and to this end the provisions of this Deed of Trust and the Note are declared
<br />to be severable. As used herein, "costs ", "expenses" and "attorneys' fees" include all sums to die extent not prohibited
<br />by applicable law or limited herein.
<br />14. Borrower's Copy- Borrower shall he furnished a conformed copy of the Note and of this Deed of Tmst at the
<br />time of execution or after recordation hereof.
<br />15. Rehabilitation Loma Agreement. Borrower shall fulfill all of Borrower's obligations under any home
<br />rebabiliation, improvement, repair, or other loan agreement which Borrower enters into with Lender. Lender, at
<br />Lender's option, may require Borrower to execute and deliver to Lender, in a fool acceptable to Lender, an assignment
<br />of any rights, claims or defenses which Borrower may have against parties who supply labor, materials or services in
<br />connection with improvements made to the Property.
<br />16. Transfer of the Property or a Beneficial Interest in Borrower. If all or any par[ of the Property or any interest
<br />in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all
<br />sums secured by this Deed of Trust. However, this option shall not be exercised by Lender if exercise is prohibited
<br />by Federal law as of the date of this Deed of Trust.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a
<br />period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all
<br />sinus secured by this Deed of Trust. If Burrower fails to pay these evens prior to the expiration of this period, Lender
<br />may invoke any remedies permitted by this Deed of Trust without further notice or demand on Borrower.
<br />NEBRASKA - SECOND MORTGAGE-1/80- FNMNFBr.MC UNIFORM INSTRUMENT Fonn 3828
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