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GARY yRA= BARBARA F:RAUEK 200313516 10/09/2003
<br />UNIFORM COVENANTS. Borrower and Sender 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 />1. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Borrower shall pay to
<br />Lender on the day monthly payments of principal and interest are payable under the Note, until the Now 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 Trost, and ground rents on the Property, if
<br />any, plus one - twelfth of yearly premium installments for hazard insurance, plus ono-twelfth of yearly premium installments
<br />for mortgage insurance, if my, all as reasonably estimated initially and from time to time by Lender on the basis of
<br />assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make such payments of Funds
<br />W Lender to the extent that Borrower makes such payments to the holder of a prior mortgage or deed of trust if such holder
<br />is an institutional lender.
<br />If Borrower pays Funds in 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). Lender shall apply
<br />the 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 assessttcnts 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 Trost that interest on the Funds shall be paid to Borrower, and unless
<br />such agreement is made or applicable law requires such interest to he paid, Lender shall rot be required to pay Borrower
<br />my interest or earnings on the Punds. Lender shall give to Borrower, without charge, an annual accounting of the Funds
<br />showing credits and debits in the Funds and the purpose for which each debit to the Fonds was made. The Funds are
<br />pledged as additional security for the sums secured by this Deed of Trost.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said
<br />taxes, assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option,
<br />either promptly repaid in Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency in one or more payments as Lender may
<br />require.
<br />Upon payment in full of all sums secured by this Deed of Trost, Leader shall promptly refund to Borrower my Foods
<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, my Foods held by
<br />Lender a the time of application as a credit against the sums secured by this Deed of Trost.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by lender under the
<br />Note and paragraphs I and 2 hereof shall he applied by lender first in payment of amounts payable to Lender by Borrower
<br />=der paragraph 2 hereof, then to interest payable on the Note, and dam to the principal of the Note.
<br />4. Prior Mortgages and Deeds of Trust; Charges; Liens. Borrower shall perform all of Borrower's obligations
<br />under any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of Trust,
<br />including Borrower's covenants to make payments when due. Borrower shall pay or cause in be paid all taxes, assessments
<br />and other charges, fines and impositions attributable to the Property which may attain a priority over this Deed of Trust,
<br />and leasehold payments or ground rents, if my.
<br />5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage ', and such other hazards as Lender may
<br />require and in such amounts and for such periods as Lender may require.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender, provided,
<br />that such approval shall not be unreasonably withheld. All insurance policies and renewals thereof shall be in a form
<br />acceptable to Lender and shall include a standard mortgage clause in favor of and in a form acceptable to lender. Lender
<br />shall have the right to hold the policies and renewals thereof, subject to the terms of my mortgage, dad of trust or other
<br />security agreement with a lien which has priority over this Deed of Trost.
<br />In the event of loss, Borrower shall give prompt notice in 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 Borrower fails to respond to Lender within 30 days from the date
<br />notice is mailed by Lender to Borrower 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
<br />to the sums segued by this Dad of Trost.
<br />6. Preservation and Maintenance of Property; leaseholds; Condominiums; Planned Unit Developments.
<br />Borrower shall keep the Property in good repair and shall trot commit waste or permit impairment or deterioration of the
<br />Property and shall comply with the provisions of my lease if this Dad of Trust is on a leasehold. If this Deed of Trost is
<br />on a unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's obligations under the
<br />declaration or covenants creating or governing the condominium or planned unit development, the by -laws and regulations
<br />of the condominium or planned unit development, and constiment 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 pmcceding is commenced which materially affects lender's interest in the Property, then
<br />Lender, a Lender's option, upon notice to Borrower, may make such appearances, disburse such sums, including
<br />reasonable momeys' fees, and take such action as is necessary to protect Lender's interest. If Lender required mortgage
<br />insurance as a condition of malting the loan secured by this Dad of Trost, Burrower shall pay the premiums required to
<br />maintain such insurma in effect will such time as the requirement for such insurance terminates in accordance with
<br />Borrower's and Lender's written agreement or applicable law.
<br />Any armunts disbursed by Lender pursumt to this paragraph 7, with interest thereon, at the Now rate, shall become
<br />additional indebtedness of Borrower secured by this Deed of Trost. Unless Borrower and Lender agree to other terns of
<br />payment, such unto=ts shall be payable upon notice from Lender to Borrower requesting payment thereof. Nothing
<br />contained in this paragraph 7 shall require Lender to incur my expense or take my action hereunder.
<br />S. Inspection. lender may make or cause in be made reasonable envies upon and inspections of the Property,
<br />provided that Lender shall give Borrower notice prior to my such inspection specifying reasonable cause therefor related in
<br />Lender's interest in the Property.
<br />Nebraska 2687" 098 Origimal(Recordad) Copy(Branch) Coyy(CustOmer) IAge 2 of
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