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11111111111111111111111111111111111111I1111111111 q03211712954 0233 117 0308 200706486 BORROWER'S RIGHT TO CONVEY THE PROPERTY AND BORROWER'S OBLIGATION TO DEFEND OWNERSHIP OF THE PROPERTY: I promise that: (A) I lawfully own the Property; (B) I have the right to grant and convey the Property to Trustee; and (C) there are no outstanding claims or charges against the Property, except for those which are of public record. I give a general warranty of title. This means that I will be fully responsible for any losses which Lender suffers because someone other than myself has some of the rights in the Property which I promise that I have. I promise that I will defend my ownership of the Property against any claims of such rights. PLAIN lANGUAGE SECURITY INSTRUMENT: This Security Instrument contains uniform promises and agreements that are used in real property security instruments all over the country. It also contains non"uniform promises and agreements that vary, to a limited extent, in different parts of the country. My promises and agreements are stated in "plain language." UNIFORM COVENANTS I promise and I agree with Lender as follows: 1. BORROWER'S PROMISE TO PAY: I will pay to Lender on time principal and interest due under the Note and all late charges and other charges due under the Note. 2. APPLICATION OF BORROWER'S PAYMENTS: Unless the law requires otherwise, lender will apply each of my payments under the Note and under Paragraph 1 above in the following order and for the following purposes: First, to finance charges under the Note; next, to all other fees and charges due; and last, to principal. 3. BORROWER'S OBLIGATION TO PAY CHARGES, ASSESSMENTS AND CLAIMS: I will pay all taxes, assessments, and any other charges and fines that may be imposed on the Property and that may be superior to this Security Instrument. I will also make payments due under my lease if I am a tenant on the Property and I will pay ground rents (if any) due on the property. Any claims, demand or charge that is made against the Property because an obligation has not been fulfilled is known as a "lien." I will promptly payor satisfy all liens against the Property that may be superior to this Security Instrument. However, this Security Instrument does not require me to satisfy a superior lien if: (A) I agree, in writing, to pay the obligation which gave rise to the superior lien and Lender approves the way in which I agree to pay that obligation, but only so long as I continue paying the obligation in accordance with my written agreement; (B) in good faith, I argue or defend against the superior lien in a lawsuit so that, during the lawsuit, the superior lien may not be enforced and no part of the Property must be given up, but only during the lawsuit; or (C) I secure from the holder of that other lien an agreement, approved in writing by Lender, that the lien of this Security Instrument is superior to the lien held by that person. If Lender determines that any part of the Property is subject to a superior lien that is not permissible under one of these three exceptions, Lender may give Borrower a notice identifying the superior lien. Borrower shall payor satisfy the superior lien or take one or more of the actions set forth above within 10 days of the giving of notice. 4. BORROWER'S OBLIGATION TO MAINTAIN HAZARD INSURANCE: I will obtain hazard insurance to cover all buildings and other improvements that now are or in the future will be located on the Property. The insurance must cover loss or damage caused by fire, hazards normally covered by "extended coverage" hazard insurance policies and other hazards for which Lender requires coverage. The insurance must be in the amounts and for the periods of time required by Lender. I may choose the insurance company, but my choice is subject to Lender's approval. Lender may not refuse to approve my choice unless the refusal is reasonable. All of the insurance policies and renewals of those policies must include what is known as a "standard mortgage clause" to protect Lender. The form of all policies and renewals must be acceptable to Lender. Lender will have the right to hold the policies and renewals. If Lender requires, I will promptly give Lender all receipts of paid premium and renewal notices that I receive. HELOC Deed of Trust. Nebraska Page 3 of 8 2004/03 hene-3.pcl