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200211160
<br />of Trust is on a unit its a cundnnrinium or a planned tuft development; Borrower shall perform all of Borrower's
<br />obligations under the declaration or covenants creating or governing the autdominium or phrou d unit development,
<br />the by -laws and regulations of the condominium or planned unit development, and constituent docummlU.
<br />7. PomaCtimn of Lender's Security. If Borrower fails to perform the covenants and agreements contained in this
<br />Deed of "'rust. or if arty action or proceeding is commenced which materially affects Lender's interest in the Property,
<br />Wen Lender, at Lender's option, upon notice to Borrower, may make such appearances, disburse such sums, including
<br />reasmahle attorneys' fins, and take such action as is necessary to protect Lender's interest. It Lender required
<br />mortgage insurance as it condition of making the loan secured by this Deed (if Trust, Burrower shall pay the premiums
<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 agneement or applicable law.
<br />My amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, at tie Note rate, shall
<br />hceonm additional indebtedness of Borrower secured by this Deed of Tnua. Unless Borrower and Lender agree to
<br />other terms of payment, such anhounts shall be payable upon notice fruit Lender to Borrower reyuesting payment
<br />thereof. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take any action hereunder.
<br />S- Inlgnx;tion. Lender may make or cause to be made reasonable entries upon and inspections of the Property,
<br />provided that Lender shall give Borrower notice prier 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 part thereof, or for conveyance in lieu of umdenmation, are
<br />hereby assigned and shall be paid to Lender, subject to the terns of any mortgage, deed of trust or other security
<br />agreement with alien 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 />nmdilicatinn of amortization of the sums secured by this Deed of Trust granted by Leader to any successor in interest
<br />of Borrower shall not operate to release, in arty nwnncr, the liability of tie original Borrower and Borrower's
<br />successors in interest. Lender shall not be required to commence proceedings against such successor or refuse to
<br />cxleud time fur payment or otherwise modify anwrtization of the sums secured by this Deed of Trust by reason orally
<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 />1I- Successors and Assigns Bound; Join and Several Liability; Co- signers. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and
<br />Borrower, subject to the provisions of paragraph 16 hereof. All covemnts and agreements of Borrower shall be joint
<br />and several. Any Borrower who at -signs this Deed of Town, but does not execute the Note, (a) is co- signing this Deed
<br />of Trust only to grant and convey that Borrower's interest its the Property to Trustee under the terms of this Deed of
<br />Trot, (h) is not personally liable tun the Nate or under this Deed of Trust, and (e) agrees that Lender and any other
<br />Borrower hereunder may agree to extend, modify, torbear, or make any ocher accommodations with regard to the temps
<br />of this Deed of Trust nr the Nate without that Borrower's consent and without releasing that Borrower of modifying
<br />this Deed of Trust as to that Borrower's interest in the Property.
<br />12. Nonce. Except for any notice required under applicable law to be given in another matmer, (a) any notice
<br />to Borrower provided for its this Deed of Trust 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 be given by certified mail to Lender's address stated
<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'I'rust shall be deemed 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 loused. The toregoing 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 Trost or the Note conflicts with
<br />applicable law, such conflict shall not affect other provisions of this Deed of Trost or the Note which can be given
<br />etfeet without the conflicting provision, and to this end We provisions of this Deed of Trust and die Note are declared
<br />to be ne,caahlc. As used herein, "costs ", "expenses" and "attorneys' fees" include all sums to ire extent riot prohibited
<br />by applicable law or limited herein.
<br />14. Borrowei s Copy. Borrower shall be furnished a conformed copy of the Note and of this Deed of Trust at the
<br />time of execution or after recordation Imreuf.
<br />15. Rehabilitation Loan Agreement. Borrower shall fulfill all of Borrower's obligations under ,any home
<br />rehabilitation, improvement, repair, or other loan agreement which Borrower enters into with Lenler. Lender, at
<br />Leulcr's Option, may require Rorruwcr to execute and deliver to Lender, in a forn 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 />cormection with improvements made to the Property.
<br />16. Transfer of fine Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest
<br />in it is sold Or transferred (or it 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 />stuns sccurcl by this Dual of Trust. However, this option shall not he exercised by Lender if exercise is prohibited
<br />by Federal law as of the date of this Deed of Trost.
<br />It Lender exercises this option, Lender snail give Borrower notice of acceleration. The notice shall provide a
<br />period of out less, than 30 days (tour the date the notice is delivered ur mailed within which Borrower must pay all
<br />sums secured by this Deed of Trust. if Borrower fails to pay these sums 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- I /RO- FNMA/PIII.MC UNIFORM INSTRUMENT Form 382E
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