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200504"79'
<br />TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated MAY 20
<br />2005 and extensions and renewals thereof (herein "Note "), in the principal sum of U.S. $ 18,600.00 ,
<br />with interest thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if
<br />not sooner paid, due and payable on JUNE 1, 2020 ; the payment of all other sums, with
<br />interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the performance of the
<br />covenants and agreements of Borrower herein contained.
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant
<br />and convey the Property, and that the Property is unencumbered, except for encumbrances of record. Borrower covenants
<br />that Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />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 indebtedness
<br />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 shall pay to
<br />Lander on the day monthly payments of principal and interest are payable under the Note, until the Note is paid in full, a
<br />sum (herein "Funds ") equal to one - twelfth of the yearly taxes and assessments (including condominium and planned unit
<br />development assessments, if any) which may attain priority over this Deed of Trust and ground rents on the Property, if any,
<br />plus one twelfth of yearly premium installments for hazard insurance, plus one - twelfth of yearly premium installments for
<br />mortgage insurance, if any, all as reasonably estimated initially and from time to time by Lender on the basis of assessments
<br />and bills and reasonable estimates thereof. Borrower shall not be obligated to make such payments of Funds to Lender to the
<br />extent that Borrower makes such payments to the holder of a prior mortgage or deed of trust if such holder is an institutional
<br />lender.
<br />If Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of which are
<br />insured or guaranteed by a Federal or state agency (including Lender if Lender is such an institution). Lander shall apply the
<br />Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge for so holding and
<br />applying the Funds, analyzing said account or verifying and compiling said assessments and bills, unless Lender pays
<br />Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree
<br />in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such
<br />agreement is made or applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any
<br />interest or 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 Funds are pledged
<br />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 prior to the
<br />due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds held by
<br />Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due, Borrower
<br />shall pay to Lender any amount necessary to make up the deficiency in one or more payments as Lender may require.
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, than to interest payable on the Note, and then to the principal of the Note.
<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 Deed of Trust, including
<br />Borrower's covenants to make payments when due. Borrower shall pay or cause to be paid all taxes, assessments and other
<br />charges, fines and impositions attributable to the Property which may attain a priority over this Deed of Trust, and leasehold
<br />payments or ground rents, if any.
<br />5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against loss by fire, hazards included within the term "extended coverage ", and such other hazards as Lender may require
<br />and in such amounts and for such periods as Lender may require.
<br />NEBRASKA- SECONDMORTGAGE • 1/88- FNMA/FHLMCUNIFORM INSTRUMENT Initial
<br />FNMA38E8
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