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BRENDA LYNN SCHMIDT
<br />20031630
<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 interia
<br />indebtedness evidenced by the Note and late charges as provided in the Note. a ,
<br />2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Borrower shall)faX•td� "i, x s ;
<br />Lender on the day monthly payments of principal and interest are payable under the Note, until the Now is paid in
<br />sum (herein "Funds ") equal to one - twelfth of the yearly taxes and assessments (including condominium and p1amS9Ttlgjp* „
<br />development assessments, if any) which may attain priority over this Deed of Trust, and ground rents oo the Propx"n s Y'
<br />any, plus one - twelfth of yearly premium installments for hazard insurance, plus one - twelfth of yearly premium ms „A:'+• «
<br />for mortgage insurance, if any, 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 />to Leader 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 to Lender, the Funds shall be held in an institution the deposits or accounts of which sue
<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 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 Foods shall be paid m Borrower, and unless
<br />such agreement is made or applicable law requires such interest to be paid, Lender shall not be required to pay Borrower
<br />any 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
<br />pledged as additional security for the sums secured by this Deed of Trust.
<br />If the amount of the Foods held by Lender, together with the future monthly installments of Foods 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 to Borrower or credited to Borrower on monthly installments of Foods. If the amount of the PuRds
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they faU
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency in one or more payments as LenW#RW'
<br />require. --
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any FysQW '
<br />held by Lender. If under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by Lender, I.wrr
<br />shall apply, no later than immediately prior N the sale of the Property or its acquisition by Lender, any Funds held by
<br />Lender a 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 bereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower.
<br />udder paragraph 2 hereof, then to interest payable on the Note, and then in the principal of the Note.
<br />4. Prior Mortgages and Deeds of Trust; Charges; Liens. Borrower shall perform all of Borrowers obligations
<br />under any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of Tostr..
<br />including Borrower's covenants to make payments when due. Borrower shall pay or cause to be paid all taxes, asaeperyr7oT,E ,_
<br />and other charges, fines and impositions attributable to the Property which may attain a priority over this Deed of Tenet • :'?'
<br />and leasehold payments or ground rents, if any.
<br />5. Hazard Iasi rance. Borrower shall keep the improvements now existing or hereafter erected on the Prolinly
<br />insured against loss by fire, hazards included within the term "extended coverage ", and such other hazards as Lender'mDr
<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 in 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 Leader and shall include a standard mortgage clause in favor of and in a form acceptable m Lender Linear s"
<br />shall have the right to hold the policies and renewals thereof, subject to the terms of any mortgage, deed of trust or ollw'
<br />security agreement with a lien which has priority over this Deed of Trust. ;
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may
<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 thQ;;Q z
<br />notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits k
<br />authorized to collect and apply the insurance proceeds at Lender's option either m restoration or repair of the Propoxty_oY
<br />to the sums secured by this Deed of Trust.
<br />6. Preservation and Maintenance of Property; Laseholds; Condominiums; Planned Unit DevelopmentiL-
<br />Borrower shall keep the Property in good repair and shall not commit waste or permit impairment or deterioration of the
<br />Property and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. If this Deed of Trust I$, . on a unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's obligations under tile'
<br />declaration or covenants creating or governing the condominium or planned unit development, the by -laws and regulanuns
<br />of the condominium or planned unit development, and constiment documents. '
<br />7. Protection of Lender's Security. If Borrower fails to perform the covenants and agreements contained
<br />Deed of Trust, or if any action or proceeding is commenced which materially affects Lender's interest in the Property
<br />Lender, at Lender's option, upon notice to Borrower, may make such appearances, disburse such sums me,It'- 'r
<br />reasonable attorneys' fees, and take such action as is necessary to protect Lender's interest: If Lender requited morC'ga$
<br />insurance as a condition of making the loan secured by this Deed of Trust, Borrower shall pay the premiums requivaQ to
<br />maintain such insurance in effect until 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 amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, at the Note rate, shall beCamG
<br />additional indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and lender agree to other texm&oF c,
<br />payment, such amounts shall be payable upon notice from Lender to Borrower requesting payment thereof. Not$Ivg,
<br />contained in this paragraph 7 shall require Lender to incur say expense or take any action hereunder.
<br />8. Inspection. Lender may make or cause to be made reasonable entries upon and impections of the
<br />provided that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor relalddr�ptd
<br />Lender's interest in the Property. '
<br />Nebraska 268764 1/98 Original (Recorded) Cogy(Branch) Copy(Customer) Paga2:af5
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