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<br />If the amQunt Qf the Funds held by Lender, tQgether with the future mQnthly installments Qf Funds payable prior
<br />tQ the due dates Qftaxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay
<br />said taxes, assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's
<br />optiQn, either promptly repaid to Borrower or credited tQ BQrrower on mQnthly installments of Funds. If the amount
<br />Qf the Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents
<br />as they fall due, BQrrQwer shall pay to Lender any amount necessary to make up the deficiency in one or more
<br />payments as Lender may require.
<br />UpQn payment in full of all sums secured by this Deed of Trust, Lender shalI promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 17 hereof the Property is sold or the Property is otherwise
<br />acquired by Lender, Lender shall apply, no later than immediately prior to the sale of the Property or its
<br />acquisition by Lender, any Funds held by Lender at the time of application as a credit against the sums secured by
<br />this Deed of Trust. . I ;,
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />the Note and paragraphs I and 2 hereof shall be applied by Lender first in payment of amounts payable to Lenderby
<br />Borrower 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
<br />obligations under any mortgage, deed of trust or other security agreement with a lien which has priority over this
<br />Deed of Trust, including Borrower's covenants to make payments when due. Borrower shall payor cause to be paid
<br />all taxes, assessments and other charges. fines and impositions attributable to lhe Property which may altain a priority
<br />over this Deed of Trust, and leasehold payments or ground rents, if any.
<br />5. Hazard Insurance. Borrower shall keep lhe improvements now exisllng 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
<br />may 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;
<br />provided, that such approval shall not be unreasonably withheld. All insurance policies and renewals thereof shall
<br />be In a form acceptable to Lender and shall include a standard mortgage clause in favor of and in a form acceptable
<br />to Lender. Lender shall have the right to hold the policies and renewals thereof. subject to the terms of any mortgage,
<br />deed of trust or other 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 nl'lke
<br />proof 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 c/Jte
<br />notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefIts, Leti<l.:lr
<br />is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of lhe
<br />Property or to the sums secured by this Deed of Trust.
<br />6. Preservation and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Developments,
<br />Borrower shall keep the Property in good repair and shall not commit waste or permit impairment or deterioration
<br />of the Property and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. If this Deed
<br />of Trust is on a unit in a condominium or a planned unit development. Borrower shall perform all of Borrower's
<br />obligations under the declaration or covenants creating or governing the condominium or planned unit development,
<br />the by-laws and regulations of the condominium or planned unit development. and constituent documents.
<br />7. Protection of Lender's Security. If Borrower fails to perform the covenants and agreements contained in
<br />this Deed of Trust. or if any action or proceeding is commenced which materially affects Lender's interest in the
<br />Property, then Lender, at Lender's option, upon notice to Borrower. may make such appearances, disburse such sums,
<br />including reasonable altorneys' fees, and take such action as is necessary to protect Lender's interest. If Lender
<br />required mortgage insurance as a condillon of making the loan secured by this Deed of Trust. Borrower shall pay the
<br />premiums required to maintain such insurance in effect until such time as the requirement for such insurance
<br />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
<br />become additional indebtedness of Borrower secured by this Deed of Trust. Unless Borrower .<,"nd Lender agre~;, to
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<br />NEBRASKA - SECOND MORTGAGE - 1/80
<br />382B - AS AMENDED FOR MERS
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