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`iHERMAN J ZALUD III DEANN M ZALUD 20031661.8 - l
<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` print_ ipal and A
<br />indebtedness evidenced by the Note and late charges as provided in the Note. #,
<br />, , 4 2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Burrower shad:
<br />g Under on the day monthly payments of principal and interest are payable under the Note, until the Note is paid
<br />' sum (herein "Funds ") equal to one - twelfth of the yearly taxes and assessments (including condoms and plat
<br />development assessments, if any) which may attain priority over this Deed of Trust, and grounti� -in the
<br />1 plus one- twelfth, of ear um
<br />any, plus one - twelfth of yearly premium installments for hazard insurance, p y, , ,1
<br />° for mortgage insurance, if any, all as reasonably estimated initially and from time to time by "tiender on they
<br />assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make such payments of
<br />to Lender to the extent that Borrower makes such payments to the holder of a prior mortgage or deed of trust if such ttomde>� .: .
<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 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 aaO-_ :'> i�
<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 ,
<br />in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower, and
<br />such agreement is made or applicable law requires such interest to be paid, Lender shall not be required to pay Borivwe :
<br />any interest or earnings on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the:....
<br />showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Fux
<br />pledged 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
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to
<br />taxes, assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower s o
<br />either promptly, repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency in one or more payments as
<br />require. =
<br />�.
<br />: i Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower
<br />held by Lender. If under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by Lender
<br />shall apply, no later than immediately prior to the sale of the Property or its acquisition by .Lender, any Funk'
<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 undue °h
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by_
<br />under paragraph 2 hereof, then 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 ow 4*0A
<br />under any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed
<br />including Borrower's covenants to make payments when due. Borrower shall pay or cause to bepaidaq taxes, as
<br />and other charges, fines and impositions attributable to the Property which may attain a priority, Ioverwtbis Deed ,4�' _
<br />and leasehold payments or ground rents, if any.
<br />5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected. on the .,
<br />insured against loss by fire, hazards included within the term "extended coverage ", and such other :hazards as
<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; pro
<br />that such approval shall not be unreasonably withheld. All insurance policies and renewals thereof shall be m a3s; x �
<br />acceptable to Lender and shall include a standard mortgage clause in favor of and in a form acceptable to Lender..,,
<br />shall have the right to hold the policies and renewals thereof, subject to the terms of any mortgage, deed of trust,.
<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 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 withtA mays fro
<br />notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits,
<br />authorized to collect and apply the insurance proceeds at Lender's option either to restoration or. rvpair-of the
<br />to the sums secured by this Deed of Trust.
<br />6. Preservation and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Develo;
<br />Borrower shall keep P the Property Y in good repair and shall not commit waste or Pe rmit impairment or deterioration
<br />� i* , Mg
<br />Property and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. If this Deed of Trrt.ia
<br />on a unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's obligations}
<br />declaration or covenants creating or governing the condominium or planned unit development, the by -laws and re
<br />of the condominium or planned unit development, and constituent documents. f
<br />7. Protection of Lender's Security. If Borrower fails to perform the covenants and agreemenfs, contain
<br />Deed of Trust, or if any action or proceeding is commenced which materially affects Lender's interest "n`the Pro
<br />Lender, at Lender's option, upon notice to Borrower, may make such appearances, disburse such sums,
<br />reasonable attorneys' fees, and take such action as is necessary to protect Lender's interest. If Under required
<br />insurance as a condition of making the loan secured by this Deed of Trust, Borrower shall pay the premiums r
<br />maintain such insurance in effect until such time as the requirement for such insurance terminates in accordance
<br />Borrower's and Lender's written agreement or applicable law. r
<br />g PP
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, at the Note- rate, shallF1
<br />additional indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to other y-
<br />payment, such amounts shall be payable upon notice from Lender to Borrower requesting, payment thereof I"
<br />contained in this paragraph 7 shall require Lender to incur any expense or take any action hereunder. t.
<br />k 8. Inspection. Lender may make or cause to be made reasonable entries upon and inspecttona of the
<br />}provided that Lender shall give Borrower notice prior to any such inspection specifying reasonable tmae therefor
<br />{ Lender's interest in the Property.
<br />Nebraska 26876 -4 1/98 Original (Recorded) Copy (Branch) Copy (Customer) par
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