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88- 103688 If Borrower pays Funds to lender, the Funds shall be held in an Institution the deposits or accounts of which are Insured or guaranteed by a Federal or state agency (Including lender If Lender Is such an Institution). lender shall apply the FU'lds to pay sllld taxes, assessments, Insurance premhms and ground rents. lender may not charge for so holding and applying the Funds, analyZing said account or verifying and compiling said assessments and bills, unless lender pays Borrower Interest on the Funds and applicable law permits lender to make such a charge. Borrower and lender may agree In writing at the time of execution of this Deed of Trust thaI Interest on the Funds shall be paid to Borrower, and unless such agreement Is made or applicable law requires such Intere51 to be paid, lender shall not be required to pay Borrower any interllst or earnings on the Funds. lender shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds arepledged as additional security forthe SllTlS secured by this Deed of Trust. If the ;mount of the Funds held by Lender, together with the future monthly Installments of Funds payable prior to the due dates of taxes. assessments, Insurance premillTls and ground rents, shall exceed the ;mount required to pay said taxes, assessments, Insurance premlllTls and ground rents as they fall due, such excess shall be. at Borrower's option, either promptly repaid to Borrower or credited 10 Borrower on monthly In51a1lments of Funds. If the ;mount of tha Funds held by lender shall not De sufficient to pay taxes, assessments, Insurance premlllTls and ground rAnts as they fall due. Borrower shall pay to lender arw ;mount necessary to makeup the deficiency in one or more payments as lendermay require. Upon payment In full of all SllTlS secured by this Deed of Trust,lender shall promptly refund to Borrower arw Funds held by lender. If under paragraph 1 7 hereof the Property Is sold 01" the Property Is otherwise acquired by lender,lender shall apply, no lilter thanlnmedlately prior to the sale of the Property or Its acquisition by lender, any Funds held by lender at the time of appllciltlon asa credit against the SllTlS secured by this Deed of Trust. 3. Appllmlon of Plymenta. Unless applicable law provides otherwise, all payments received by lender under the Note and paragraphs 1 and 2 hereof shall be applied by Lender first In payment of ;mounts payable to lender by Borrower under paragraph 2 hereof, then to Interest payable on the Note, and then to the principal of the Note. 4. Prior Mortglllel and Deeds of Trust; Chargea; Liens. Borrower shall perform all of Borrower's obligations under arw mortgage. deed of trust or other security agreement with a lien which has priority over this Deed of Trust, including Borrower's covenants to make payments when due, Borrower shall pay or cause to be paid all taxes, assessments and other charges, fines and impositions attributable to the Property which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any. &. Hlzard Insurance. Borrower shall keep the Improvements now existing or hereafter erecled on the Property insured against loss by fire, hazards Included within the term "extended coverage", and such other hazards as Lender may require and in such ;mounts and for such periods as Lender may require. The Insurance carrier providing the insurance shall be chosen by Borrower sub ject to approval by lender; provided, that such approval shall not be unreasonably withheld. All insurance policies and renewals thereof shall be In a form acceptable to lender and shall include a standard mortgage clause In favor of and in a form acceptable to Lender. lender shall have the right to hold the policies and renewals thereof, subject to Ihe terms of any mortgage, deed of trust or olher security agreement with a lien which has priority over this Deed of Trusl. In the event of loss, Borrower shall give prompt notice to the Insurance carrier and Lender. lender may make proof of loss if nOI made promptly by Borrower. If the Property Is abandoned by Borrower, or I f Borrower fails to respond to lender within 30 days from the date notice is mailed by lender to Borrower that the Insurance carrier offers to settle a claim for insurance beneflts,lender is authoriZed to collect and apply the insurance proceeds at lender's opllon either to restoration or repair of the Property or to the SllTlS secured by this Deed of Trust. I. Pre..rvatlon and Maintenance of Propeny; lea.eholcl*; Condomlnluml; Planned Unit Developments. Borrow.,. shall keep the Property In good repair and shall not carmlt waste or permit Impairment or deterioration of the Property and shall comply 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 condaninillTl or a planned unit development. Borrower shall perform all of Borrower's Obligations under the declaration or covenants creating or governing the condomlnlllTl or planned unit development, the by-laws and regulations of the condominillTl or planned unit development. and constituent docllTlents. 7. Protec:tlon of lIndlr'. Security. If Borrower rails to perform the covenants and agreements contalned in this Deed of Trust, or if any action or proceeding Is carmenced which materially affects lender's interes': In the Property, then lend.,.. at lender's option, upon notice to Borrower, may make such appearances, disburse suCh SllTlS, including reasonable attorneys' fees, and take such action as Is necessary to protect lender's Interest. If lander required mortgage insurance as a condition of making Ihe loan secured by this Deed of Trust, Borrower shall pay thli premlllTls required to maintain such insurance In effect until such time as the requirement for such Insurance termlnales In accordance with Borrower's and Lender's written agreement or applicable law. Any iIl10unlS disbursed by lender pursuant to this paragraph 7, with Interest thereon. at the Note rate, shall becane additionill indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to other terms of pao.,nent. such ;mounts shall be payable upon notice from lender to Borrower requesting payment thereof. Nothing contained In this paragraph 7 shall require Lender to incur any expense or take any action hereunder, I. Inspection. Lender may make or cause to be made reasonable enlrles upon and inspeclions of the Property, provided that lender shall give Borrower nolice prior to any such Inspection specifying reasonable cause therefor related to lender's interest in the Properly. II. Condemnation. The proceeds of any award or claim for d;mages, dlrecl or consequential, in connection with arw condemnalion or other taking of lhe Properly, or part thereof, or for conveyance In lieu of condemnation, are hereby asSigned and sMllbe paid to lender, Subject to the terms of any mortgage, deed of trust or other security agreement with alisn which has priority over this Deed of Trust. 10. Borrower Not RlIII.ed; Forblar.ncit iI~ Lendlr Not a Wllver. Extension of the lime for payment or modification of ;mortlzatlonof the SllTlS secured by this Deed of Trust granted by lender 10 any successor In Interest of Borrower shall not operate to release, In any manner, Ihe liability of the original Borrower and Borrower's successors In Interest. lender shall not be required to carmence proceedings against such successor or refuse to extend time for paymenl or otherwise modify ornortlzatlonof the SllTlS secured by this Deed of Trust by reason of any demand made by the original Borrower and Borrower's successors in interesl. ArTo/ forbearance by lender In exercising any righl or remlldy hereunder, or otherwise afforded by applicable law. shall not be a walver of or preclude the exercise of any such right or remedy, 11. 8_ora Ind Alllgns Bound; Joint 'nd Slveral Ulbllltv; CO-Ilgne,., The covenants and agreements herein contained shall bind, and the rights hereunder shall fn~e to, Ihe respeclive successors and assigns of Lender and Borrower. subject to the provisions 01 paragraph 16 hereof. All covilnants and agreemsnts or Borrower shall be Joint and several. Any Borrower whO co-signs this Deed of Trust, but does not 9xecutelhe Nole, (a) Is co-signing this Deed of Trust only to granl and convey that Borrower's Interest In the Property 10 Trustse und6r fhillerrns of Ihls DS8d of Trusl, (b) Is nol personally liable on the Note or under this Deed of Trust, and (c) agrees Ihal Lender and ahy other Borrower hereunder may agree to extend, modify. forbear, or make any other accorrmodalions with regard to the terms of ihls Deed of Trust or the Nole, without thaI Borrower's consent and wlthoul releasing that Borrower or modifying this Deed 01 Trust as 10 thaI Borrower's Interest In the Property. NEBRASKA - HOvlE MPROVEMENT - , /80 -FNiltAlFHlMC UNIFORM INSTRUMENT ~."I.. 10 PIIII 2 of 4 mllAB