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<br /> � ��� ������ LOAN NO. � 5 a s 2 � s 2 t o `_
<br /> THIS SECURITY It�STRUMEN7 cvmhine,a unitorm covenants for natlonal use and non•unlform covenants with : •
<br /> Ilmlted variatlons by Jurlsdlctlon to constitute a unitorm security Instrument coveriny resl property „ �� -
<br /> UNIFORM COVENnNTS.Borrower and Lender covenant and agrso as follows: , . � _
<br /> � 1.PAyment af Princip�l�nd Intere9t;Prepayment and Lete Ch��ges. Borrower shall promptly pay when due � -
<br /> ihe princlpal of and Interest on the debt evldenced by the Note and any prepayment and late chargos due under the . ,�'�.�
<br /> N�te. " '
<br />_ _' _�_,.�� 2.Funda for TeKea and Insurence, SubJe�t to�xppllcable t�w or to a written waiver by Lender, Borrov�er shall pay g � .. •r
<br /> ._..--------a...,...,a.,..M..��..•� i�..�•��ho Rlntp�c rwlrl tn h�il,3�aum f°Funds'9 for:la1 1 _i_a_.
<br /> - -- -' to�encter on[ne day mo��iidy���nynian�o a�o.,�o..��....� .��.,�............:.............._,._._ --=- -.-__---
<br /> �� �•���= yaarly taxes and aseesaments whlch may attain priorlty nver thla Securlty Instrument as a Ilon on the Property; (b)�yeariy .. ,
<br /> �. . ...:' leasehold payments ot qround rents on the Property, if any; (c)yearly hazard or property Insurance qremiums; (d) .
<br /> � yearly flood Insurance premlums,If any; (e)yesrly mortgage Insurance premlums,If any;and (fl any sums payable by ,
<br /> � � 9orrower to Lender, in accordance with the provislot�s of paragraph 8,In Ileu of 4he payment of mortgage insurance
<br /> premlums.Thsse iteme are called"Escrow Items."Lender may,at any tlme,collect and hold Funds In an amount not to
<br /> exceed the maximum amount a lender fur a federally related mortgage lo�n may requlre for Borrower's escrow account
<br /> under the feder�l Reai Est�te Settlement Procedures Act ot 1974 as amended from tlme ta time,12 U.S.C. �2601 et =� , ,�
<br /> seq.("RESPA"), unless another law that appiles to the Funds sets a lesser amount.If so,Lender may,at any tlme,coilect ,� �•. .,. ��=��� .,
<br /> „ �; an d hold Funds In an amount not to exceed the lesser amount.Lender may estimate the amount of Funds due on the ��,-�; .
<br /> } hasls of current data and reasonable estimates of oxpenditures of future Escrow Items or otherwise in accordance with ,
<br /> spPlicable law. ,� '..,
<br /> .. �� � �,y;'..'.._�-..�
<br /> The FtmdF shall be held In an Institutlon whose de�oslts are Insured by a fedaral agency, instrumentality,or enttty „-.
<br /> (including Lender,If Lender is such an institutlon)or ln any�ederal Home Loan Bank.Lender s{iall apply the�unds to -� ;,.�----_
<br /> ,� � pay the Escrow Items.Lender may not charge Borrower for holding snd epplying the Funds,annually analyzing the ����.
<br /> escrow sccount,or verliylnp the Escrow Items,unless Lenrler pays Borrower Interest on the Funds and a pllcr�ble law '�� `"�-
<br /> permlts Lender to make such a charge.However,Lender may require Borrowdr to pay a one-time charge for an '�`�� .
<br /> � � � Independent reai estate tax reporting service used by Lsnder In connection with this loan,unless applicable law _.;,���,- ,
<br /> ��... provid9s otherwise.Unfess an agresment is made or appllcable law requlres Interest to be pald,Lender shall no2 be , '�:.. _.,___-__
<br /> requlred to pay Borrower any interest or earnings on the Funds.Borrower and Lender may ayree In writing,however, �
<br /> , , .;, �, tfiat Intorest shall bo pald on the Funds.Lender shall glve to Borrower,without charge,an annual accounting of the :�,�,�
<br /> ��• Funds,showing credits and debits to the Funds and the purposa for which each debit to the Funds was made.The ��=;�aw�
<br /> Funds are pledged as additlonal securlty for all sums secured by this Securlty Instrument. _
<br /> � � If the Funds held by Lender exceed the amounts permltted to be held by apPIlcnble law,Lender shall account to
<br /> Borrower for the excess Funds in accordence wfth the requirements of appIlcable lew.If the amount of tho Funds held
<br /> by LendAr at any time is noi suiiicid��i i�Nny th8�sCSrs�ltarn�:•:h�n�ae,l..snder n'!?;�se notl.h,�Bo+rn�ver in wrttina.
<br /> and, In such case Borrower shall pay to Lender the amount necessary tn make up the deficiency.Borrower shall make
<br /> � up the doflclency In no more than twelve monthly payments,at LerxJer's sole dlscretion.
<br /> Upon payment In fuli of all sums secured by this Security Instrument,Lender ahall prompily rofund to Borrower any
<br />-` °•� ° � Funds held by Ler.der.If,under paragraph 21,Lender shall acqufre or sell the Property,Lender,prior to the acquis(tlon
<br /> � � or sale of the Property,shall spply any Funds held by Lender at the time of acqulsition or safe as a credit against the
<br />='" •�� sums secured bythls Securiry Instrument. - _
<br /> 5.+:.�4.. � �-
<br />,� 3.Appllcation of Peymertts. Unless appiicable law provides otherwise,all payments recetved by Lender under
<br /> '`� � paragraphs 1 and 2 shall be applleci:firs4,to any prepayment charges due under the Note;sdcond,to amounts payable
<br /> a'°" � "�`' under paragraph 2;third,to interest due;fourth,to prtncipal duA;and last,to any late charges due under the Note.
<br /> :���;* ' � 4.Charges;Llena. Borrowor shall pay all taxes,assessments,charges,flnes and fmpositlans attributable to the
<br /> � • � Property w h ich mny attafn prlority over this Security Instrument,and leasehold payments or ground rents,tt any.
<br />'i�._.�=_._ Borrower shall pay these obllgatlans in the manner provided in paragraph 2,or ff not paid In that manner,Borrower chali �
<br />";, ��;�.._ pay them on tlme directly to the person owed payment.�orrower shall promptly furnish to Lender all notices nf
<br />-� ��--�•�=�= amounts to be pald under this paragraph.If Borrower makes these payments dfr�cUy,Borrowor shall pramptly turnlsh to
<br />�"�`�'`'�'"=� Lender receipts evldencing the payments.
<br />.,r..,:__•:,.�,-•. .
<br />�� ' 't� Borrower shall promptiy dlscharge an Ilen which has prlority over thls Securfry Instrument unless Borrower.(a)
<br />_�t y,:.•�: ��:�er.'
<br />=��• � • � agrees in writing to the payment of the obl gation secured by the Ilen in a manner acceptabio to I.ender;(b)contests In
<br /> -"`-" � � good taith the Ilen by,or defends against enforcement of the Ilen In,Iegal proceedings which In the Lender's opinlon
<br /> ��w ?`,±•,' .. , operate to provent tho enforcement of the Ilen;or(c) secures from the hnlder of the Ilen sn agreement satisfactory to
<br /> Lender subordlnating the Ifen to this Secur(ty Instrument.If Lender determines that any�art of the P�operty is subJect to
<br />;;�wy�~.�.:�; • a Ilen whfch may attaln pNarfty over this Securfty Instrument,Lender may glve Borrowor a notice Identitying the Ilen. - - -
<br /> � Borrower shall satisfy the Ilen or take one or more of the ac4lons set toRh above withln 10 days of tho giving of notice. _ _________
<br /> .:,:�:.��;�;;'.':;' , �
<br />-��;, ,��. . S.Heurd or PropeKy Inaurance. Borrower ahall keep the Improvements no�n+vxlsting or hereaiter erected on the
<br /> ,,�•., 1:�. . Property Insured against los3 by flre,hazards Included w(thln tho term"extended coverage"and any other hazards, --s—
<br />-. . Including floods or fiooding,for which Lender requlres Insuranca.This Insurance shall be malntalned in tho amounts and _ ^
<br /> . `.� for ths perlods that Lender requlres. The Insurance carrler provlding the insurance shail be chosen by Borrower subject =_ _ ___
<br />°�� � to l.endor's approval whlch shall not be unreasonably wlthheld. If Barrower fails to malntaln coverage described above, �`=---°— _ .-
<br />- '� Lender may,at Lender's optlon,obtaln coverage to protoct Lender's rights In the Properry In accardance with ��=�y�tl� _
<br /> �' paragraph 7. 'y'�""�'f'
<br /> � :''. �''• `t:
<br /> � ` � NEBRASKA-31HGLE FAMILY-FNMA/FHI.MC UNIFORM INSTRUMENT FORM 3028 9/90 f.y,-
<br /> > iSC/C�4DTNE//0782/3028(8•90)•L PAG[2 OF 6 <�ryl��,,.��•.�,.
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