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<br />200604616
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<br />and renewals thereof, subject to the terms of any mortgage, deed of trust or other security agreement with a lien which has priority over
<br />this Deed of Trust.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not
<br />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 notice is mailed
<br />by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender is authorized to collect and apply
<br />the insurance proceeds at Lender's option either to restoration or repair ofthe Property or to the sums secured by this Deed of Trust.
<br />6. Preservation and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Developments. Borrower shall
<br />keep the Property in good repair and shall not commit waste or permit impairment or deterioration of the Property and shall comply
<br />with the provisions of any lease if this Deed of Trust is on a leasehold. If this Deed of Trust is on a unit in a condominium or a planned
<br />unit development, Borrower shall perform all of Borrower's obligations under the declaration or covenants creating or governing the
<br />condominium or planned unit development, the by-laws and regulations of the condominium or planned unit development, and
<br />constituent documents.
<br />7. Protection of Lender's Security. If Borrower fails to perform the covenants and agreements contained in this Deed of Trust,
<br />or if any action or proceeding is commenced which materially affects Lender's intcrcst in the Property, then Lender, at Lender's option,
<br />upon notice to Borrower, may make such appearances, disburse such sums, including reasonable attorneys' fees, and take such action as
<br />is necessary to protect Lender's interest. If Lender required mortgage insurance as a condition of making the loan secured by this Deed
<br />of Trust, Borrower shall pay the premiums required to maintain such insurance in effect until such time as the requirement for such
<br />insurance terminates in accordance with 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 become additional
<br />indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to other terms of payment, such amounts
<br />shall be payable upon notice from Lender to Borrower requesting payment thereof. Nothing contained in this paragraph 7 shall require
<br />Lender to incur any expense or take any action hereunder.
<br />8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided that
<br />Lender shall give Borrower notice prior to any such inspection specifYing reasonable cause therefor related to Lender's interest in the
<br />Property.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned and shall
<br />be paid to Lender, subject to the terms of any mortgage, deed of trust or other security agreement with a lien which has priority over this
<br />Deed of Trust.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of
<br />amortization of the sums secured by this Deed of Trust granted by Lender to any successor in interest of Borrower shall not operate to
<br />release, in any manner, the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to
<br />commence proceedings against such successor or refuse to extend time for payment or otherwise modifY amortization of the sums
<br />secured by this Deed of Trust by reason of any demand madc by the original Borrower and Borrower's successors in interest. Any
<br />forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or
<br />preclude the exercise of any such right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements herein contained
<br />shall bind, and thc rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower, subject to the
<br />provisions of paragraph 16 hereof. All covenants and agreements of Borrower shall be joint and several. Any Borrower who co-signs
<br />this Deed of Trust, but does not execute the Note, (a) is co-signing this Deed of Trust only to grant and convey that Borrower's interest
<br />in the Property to Trustee under the terms of this Deed of Trust, (b) is not personally liable on the Note or under this Deed of Trust, and
<br />(c) agrees that Lender and any other Borrower hereunder may agree to extend, modifY, forbear, or make any other accommodations
<br />with regard to the terms of this Deed of Trust or the Note, without that Borrower's consent and without releasing that Borrowcr or
<br />modifYing this Deed of Trust as to that Borrower's interest in the Property.
<br />12. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to Borrower
<br />provided for in this Deed of Trust shall be given by delivering it or by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and (b) any notice to
<br />Lender shall be given by certified mail to Lender's address stated herein or to such other address as Lender may designate by notice to
<br />Borrower as provided herein. Any notice provided for in this Deed of Trust shall be deemed to have been given to Borrower or Lender
<br />when given in the manner designated herein.
<br />13. Governing Law; Severability. The state and local laws applicable to this Deed of Trust shall be the laws of the jurisdiction in
<br />which the Property is located. The foregoing sentence shall not limit the applicability of federal law to this Deed of Trust. In the event
<br />that any provision or clause of this Deed of Trust or the Note conflicts with applicable law, such conflict shall not affect other
<br />provisions of this Deed of Trust or the Note which can be given effect without the conflicting provision, and to this end the provisions
<br />of this Deed of Trust and the Note are declared to be severable. As used herein, "costs," "expenses" and "attorneys' fees" include all
<br />sums to the extent not prohibited by applicable law or limited herein.
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<br />NEBRASKA - SECOND MORTGAGE -1/80 - FNMAlFHLMC UNIFORM INSTRUMENT WITH MERS
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<br />Page 3 of 5
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<br />Form 3828
<br />AI ~ended 7/0,4
<br />Borrower(s) Initials ~J,J:....4. y
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