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<br />200511896
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<br />TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated November 30,2005
<br />and extensions and renewals thereof (herein "Note"), in the principal sum of
<br />U.S. $18,580.00 , with interest thereon, providing for monthly installments of principal and interest,
<br />with the balance of the indebtedness, if not sooner paid, due and payable on December 01, 2020 ; the paymcnt
<br />of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the
<br />performance of the 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 grant and
<br />convey the Property, and that the Property is unencumbered, except for encumbrances of record. Borrower covenants that
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to encumbrances
<br />of record.
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<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 />Lender on the day monthly payments of principal and interest arc payable under the Note, until the Note is paid in full, a sum
<br />(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
<br />the extent that Borrower makes such payments to the holder of a prior mortgage or deed of trust if such holder is an
<br />institutional lender.
<br />If Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of which are insured
<br />or gnaranteed by a Federal or state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to
<br />pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge for so holding and applying the
<br />Funds, analyzing said account or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on
<br />the Funds and applicable law pennits Lender to make such a charge. Borrower and Lender may agree in writing at the time of
<br />execution of this Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or
<br />applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the
<br />Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the
<br />Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the
<br />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 tile 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 Lender
<br />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, 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 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 payor cause to 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, and
<br />leasehold payments or ground rents, if any.
<br />5. Hazard Insurance. Borrower shall kecp 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. ~ vi;'
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<br />NEBRASKA SECOND MORTGAGE DEED OF TRUST ~ ..f)
<br />4000583240 GREATLAND. ~ \'--
<br />ITEM 464112 (0107) MFNE3116 (Page 2 of6 pages) To Order Call: HOO-530-9393 D Fax: 616-791-1131
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