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<br />and bills and reasonable estimates thereof. The Funds shall be
<br />held in an institution, the deposits or accounts of which are
<br />insured or guaranteed by a federal or state agency including
<br />Beneficiary. Beneficiary shall apply the Funds to pay said
<br />taxes, assessments, insurance premiums and ground rents. Benefi-
<br />ciary shall not be required to pay Trustor any interest or
<br />earnings on the Funds. Beneficiary shall give to Trustor, with-
<br />out charge, an annual accounting of the Funds showing credits and
<br />debits to the Funds and the purpose for which each debit to the
<br />Funds was made. The Funds are pledged as additional security for
<br />the Indebtedness secured by this Deed of Trust, If the amount of
<br />the Funds held by Beneficiary, together with the future monthly
<br />installments of Funds payable prior to the due dates of taxes,
<br />assessments, insurance premiums and ground rents, ,shall exceed
<br />the amount required to pay said taxes, assessments, insurance
<br />premiums and ground rents as they fall due, such excess shall be,
<br />at Trustor's option, either promptly repaid to Trustor or
<br />credited to Trustor against future monthly installments of Funds.
<br />If the amount of the Funds held by Beneficiary shall not be suf-
<br />ficient to pay taxes, assessments, insurance premiums and ground
<br />rents as they fall due, Trustor shall pay to Beneficiary any
<br />amount necessary to make up the deficiency within thirty days
<br />from the date notice is mailed by Beneficiary to Trustor reques-
<br />ting payment thereof. Upon payment in full of all Indebtedness,
<br />Beneficiary shall promptly refund to Trustor any Funds held by
<br />Beneficiary, If the Trust Property is sold under the power of
<br />sale or the Trust Property is otherwise acquired by Beneficiary,
<br />Bene ficiary shall apply, immediately pr ior to the sale of the
<br />Trust Property or its acquisition by Beneficiary, any Funds held
<br />by Beneficiary at the time of application as a credit against the
<br />Indebtedness. If Beneficiary executes a written waiver of
<br />Trustor's obligations under this paragraph 4, Trustor covenants
<br />and agrees to pay, before the same become delinquent, all taxes,
<br />assessments, insurance premiums, ground rents, and all other
<br />charges whatsoever levied upon or assessed, placed or made
<br />against the Trust Property. Trustor further agrees, upon written
<br />request by Beneficiary, to promptly deliver to Beneficiary all
<br />receipts for the payment of such charges. Trustor likewise
<br />agrees to pay all taxes, assessments and other charges levied
<br />upon or assessed, placed or made against, or measured by, this
<br />Deed of Trust or the recordation hereof.
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<br />5. Application of Payments, All payments received by Beneficiary as
<br />to any debt, llability or obligation owed to Beneficiary by
<br />Trustor may be applied by Beneficiary to the payment of the In-
<br />debtedness or to any such other debt, liability or obligation, in
<br />any order or manner of application which Beneficiary, in its
<br />absolute discretion, deems appropriate. Unless otherwise elected
<br />by Beneficiary, any such payment shall be deemed applied first to
<br />the payment of any debt, liability or obligation other than the
<br />Note.
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<br />6. Charges; Liens. Trustor, to the extent he is able under applic-
<br />able Nebraska law and \'lithout incurring any additional obliga-
<br />tions which Trustor does not have at the date of the execution
<br />hereof will keep the Trust Property free from all liens and en-
<br />cumbrances which in any way may, in the judgment of Beneficiary,
<br />have priority over, or impair the security of, this Deed of Trust
<br />but Trustor need not discharge any such lien so long as Trustor
<br />shall agree, in writing, to pay the obligation secured by such
<br />lien in a manner acceptable to Beneficiary and shall in good
<br />faith contest such lien by appropriate legal proceedings effec-
<br />tive to prevent the enforcement of the lien and the loss of any
<br />interest in or part of the Trust Property.
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<br />7. Hazard Insurance. Trustor shall keep the buildings and other
<br />improvements now existing or hereafter erected on the Trust
<br />Property insured by insurance carriers satisfactory to
<br />Beneficiary against loss by fire, hazards included in the term
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