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<br />200800752
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<br />balance of the indebtedness, if not sooner paid, due and payable on M rJ.fr 11 ;) '5 dO /0;
<br />the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this
<br />Deed of Trust; and the performance of the covenants and agreements of Borrower herein contained.
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and
<br />convey the Property, and that the Property is unencumbered, except for encumbrances of record. Borrower covenants
<br />that Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />encumbrances of record.
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest
<br />indebtedness evidenced by the Note and late charges as provided in the Note.
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<br />2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly payments of principal and interest are payable under the Note, until the Note is paid in
<br />full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments (including condominium and
<br />planned unit development assessments, if any) which may attain priority over this Deed of Trust, and ground rents on
<br />the Property, ifany, plus one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly
<br />premium installments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br />Lender on the basis of assessments arid bills and reasonable estimates thereof. Borrower shall not be obligated to
<br />make such payments of Funds to Lender to the extent that Borrower makes such payments to the holder of a prior
<br />mortgage or deed of trust if such holder is an institutional lender.
<br />If Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of which are
<br />insured or guaranteed by a federal or state agency (including Lender if Lender is such an institution). Lender shall
<br />apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge for so
<br />holding and applying the Funds, analyzing said account or verifYing and compiling said assessments and bills, unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to
<br />Borrower, and unless such agreement is made or applicable law requires such interest to be paid, Lender shall not be
<br />required to pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower, without charge, an
<br />annual accounting of the Funds showing credits and 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 the sums secured by this Deed of Trust.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior
<br />to the due dates of taxes, 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 />option, either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount
<br />of the Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as
<br />they fall due, Borrower shall pay to Lender any amount necessary to make up the deficiency in one or more payments
<br />as Lender may require.
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any
<br />Funds held by Lender. If under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by
<br />Lender, Lender shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender,
<br />any Funds held by Lender at the time of application as a credit against the sums secured by this Deed of Trust.
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<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />the Note and paragraphs] and 2 hcrcof shall be applied by Lender first in payment of amounts payable to Lender by
<br />Borrower under paragraph 2 hereof: then to interest payable on the Note, and then to the principal of the Note.
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<br />4. Prior Mortgages and Deeds of Trustj Charges; Liens. Borrower shall perform all of Borrower's obligations
<br />under any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of Trust,
<br />including Borrower's covenants to make payments when due. Borrower shall payor cause to be paid all taxes,
<br />assessments and other charges, fines and impositions attributable to the Property which may attain a priority over this
<br />Deed of Trust, and leasehold payments or ground rents, ifany.
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<br />5. Hazard Insurance. Borrower shall keep the improvements now existing 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.
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<br />NEBRASKA - Second Mortgage -1/80 - FNMAlFHLMC UNIFORM INSTRUMENT
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<br />VMP-76(NE) (0509)
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<br />Page 2 of 6
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<br />Form 3828
<br />Amended 7/04
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<br />Borrower(s) Initials ~ ~
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