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<br /> ' . UNIFOIiM COVGNl1N7'S.Dorrowcr nnd l.cndcr covcnznt end n;;rcc a�fallo�vs: ��" �����J� '`
<br /> ` 1. P�ymcnt of PrtntlpAl nn�1 Interest.Borrowcr shnll{�rnn�ptly pay when duc thc principnl and Intcrcst indebtcdnese evtdenad by ::
<br /> ' :''� tha Notc and late charges as pr+�vided in the Note. �r;.
<br /> . 'f • 2. Fund�tor T�:e��nA In�u�anu.SubJect to epplicable�aw or a�vri►lnn�u�lvcr by L.ender,Dorrower shall pAy to I.endee on the _:_:
<br /> " , ry dey monthly paymcnts of princip�l and interest aro paysble undcr thc Notc,until tha I�ota is pald in E1d1,n sum(hcrcin"Funds")cqual to ona
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<br /> ��'"� '�` � t�vclAh of the ycnriy Inxe�and asscssments(Including condominium aqd planned unit�lavelopment sssessments. if cury), whtcb may atWa __Y
<br /> �.lority ovcr�his[keci of Trus�.and ground rents on the Propcny,if nny,plus on�hvelfth of yc�rly prcmium tnstnllments tbr hazard insurance,
<br />.•:��: -�•.�� plus ono-tw�lflh of yuviy premlurt�instnilmenu for mortgsge in�urance,if any,ull as reasonably estimated initially unJ fron�time to time by �-_�
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<br /> Lender on the basls of assessmcnts and bills nnA rensonablo estimates thereof.Bonower shall not be obligated ta mske such paymonts of Fu�ds
<br /> �,+�, � to Lcndcr t�the extent that Borto�ver makes such payments to Qie holder of a prior mnrtgage or deed of trust if such holdv is an fnstitutional �_
<br /> �� � ' lendsr. --
<br />�3..� If Bolrower pays funds to Lendcr,tho Funds shz�ll bo l�edd in m In�titatlon the dcposits or accounts of which nro insund or quurnr►teed • _Y
<br /> 'T • by a C•cderal or stete agency(includinII Lcnder if Lender is suc6 un in�titutinny.Lender shnll upply tfic Funds to pay suid uaxes,nssessments, .K-_:
<br /> ^ insuranw prcmiums and�ound renis.Lender may not chuge for so tialdina end applying die Funds,analyzing s�ld account ar vedt}�ing and
<br /> • . .., � • compi8ng sald as.�cssmenis and bills,unless I.endcr pays Borrower interost on the Funde stnd applicable law permits Lender to meke such a —
<br /> ;� charge.Bortn�ver and Lendcr may ngrce in wriang at the t(me of executlon of�liIn F�.ai��f Trust that interest on the Funds shall 6e paId to
<br /> Borrower.end unless such agrament is made or applicablc law requires such intoros:to fx�ptud,1-ander ehall not be required to pay Borrow�' —
<br /> • any tntcrest or eamtngs on the Funds.Lendce shall give to Bomorver.without chnrga,e��annu;il accounting of the Funds showing credits aad
<br /> dcbits to the Funds and the piupasa for which cach dcbtt to tho Fuads w�s made.The Funds er�pledged es addttional securiry far the sums
<br />��;,;,;'��.; sccuc+ed by this Dad of Tnat.
<br /> ?r;:� If tho amount af ihe Funds helA by Lender,together wiQi the fumre monthly installments of Funds payable prtor to the duo dates af
<br />-; .�,`..� taxes,assessmtnts,insuronoe premiums and graunA rnnLr,shall excted ihe emount myulred to pay said taxcs,a�scssments,lnsurenca pmniums __
<br />:,,ES�;;�'�_, uid gmund rents a4 they tell due,such exc�s si►a!I be,at Bo�roivets option,eitlur promptty repaid to BoROwer or crrditeci to Borcowa ee�
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<br /> ' monthly instellmcnts of Funds.If the amaunt of the Funds held by Lender shall not be sut�icient to pay texes,essessments,insuranca prrm utt�
<br /> ;���;,���,;,�' and ground rents a9 they(all due.Borro�vcr shall pay to Lendec any amount necessary to make up Ihe defictcncy in one or mnx p�yments as
<br /> %:''�pr?"+� Lender may rcquiro.
<br /> �"� � •" Upon payment in full of nll sums secured by this Deed of T�ust,l.endar shull promptly refund ta Ronower w�y Eunds held by Ltnder.
<br />'���`'�� Ifunda parngaph l7 hercof the Prope�ty is sold or tho Proper►y is othenvise acqui�d by L.ender.Lendcr shall apply,rto later than immedintely
<br />`::,:i±.;��;.r � pdor to the snle of the Praperty or its acquisiNon by Lcndcr,any Eunds held by Cunder at the Nme of epplication es a credtt egainst tho sum�
<br />,.^�-c;, seeured by thls Deecl of'Itiust.
<br /> •- 3. ApptiaHoe ot Psy�neita. Unless eppl[cable law providcs othcnvise, ell paymenu recelved by Lender under tha Noto end
<br /> "y�.. ., puagtaphs 1 end 2 haeof shall be epplicd by Lendar fast in paymcnt of amounu payable to Lender by Bortower under paragteph 2 hereof,then
<br />�:'�a,��t to interest psyablo on theNote,and then to tha principnl pf the Note.
<br /> �-'------ �. 'rrior F:�orq:��.-���•:s cf:r.��;�=s"�"--:�!•s'-Q`-'�*`-'w�r chalt gerForm nll of Borrower's d:?��ettons under any moKgage,
<br />"'ru• dxd of tnut or othu saurity a8reemcat with a licn which has priority over d�is Deed of Trust, inoluding Burrowers oovenan�to melce
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<br /> _��``y:,;�i payrnents whtn due.Barto�ver stioll pay or cau�to be paid ail�tnxcs,wsscssments md other churges,fincs and imposiHo[►s ottributeble to thc
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<br /> Property which m�y ntta(n A priority over this Aeed of Trust,and leasehold payments or ground renu,if any.
<br /> •'`^�"'T=� 5. Harard imrn�or.Bonower shall keep the improvements now existing on c�rcatTer erected on the Aroperty insurr,�ngainst loss
<br /> ��—��� by fire,hazards iacliided within iho tcrm"cxtcndeA cuverage",end such othcr ha�nrds os Lendcr moy requ[re end in such emounts and for such
<br /> -- --== puiods�Lendar mny roquiro.
<br />-==-'"~"'— 'R�o insureuct curser providing the tos::sance shall be chosen by Bortower subject to npprovel by Lender,provided,thaYsueh spprovei
<br /> "O"'�'� shalt not be unreuonably withhald.Ap insurnncc policies and rennivals thereof shall bo in a foret accepteb�e ta Lendet ackl�htll iacludo e
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<br /> — sundud mortg�ge clwse in favor of and in a form acceptable ta Leadet l.ender shalf have thc rip�t w hold the poltctes end nnewals theroof.
<br /> �� subjoct to the tertns of any monBage,dad of trust or other securiry agrament with a lien which has priority over this 9eed of 1Yust.
<br /> -- In the event of loss,Burrower shall givc prompt notfce to the inswance carriar and Lender.l.enda mny make proof of loss if not mado —
<br /> -_�.�°' PromP1�Y bY BOrtower.
<br /> If the i'roperty is abtnAonad by Borrower,or lf Borro�ver fatls to rospond to L.ender withtn 30 days from tbe dsto notice is ma�led by
<br /> � �_ Lendsr w Bomower thu the inrumnoe caMcr offers to settle a claim for insurena benefits, Leadcr is aotltodzed to collcet nnd apply the
<br /> Insnrancc pmooeds at LendeY'e option either to r¢storaHon o�rcpeir of tha Properiy or to the sunu secured by this Dad of Trust
<br /> � 6. P�xeerv�tlon ��d M�(ntca�nce ot Property;Lau6oldr.Condon�ielum�;Planned Unit Dovefopmenb.Bo[rower shall keep
<br /> the P�opaty in gocxl repeir and shnll not commit waste or permit impairmont or detcrtoration of the Property and shall wmply widt t�e
<br /> -----� pravisions of nny lcase if this Dced of Truct is on a Icasehold.if this Deed of 71u:n is on a unit in a condomfnium or e plenned unit dwelopmeat,
<br /> �`°_�"'= — Bonroxu ah�lt pa�'ortn dl of Bo�rowe�'s oblfgaUons under the decleration or covenants creating or goveming the condominium or planned unit
<br /> dov�elopmrnt,the by-laws e��d regiilations of the wndominium or piwmed unit development,md constituent documrnu.
<br /> � — 7. FYOteetioa of Lender'e Security.If Botrower faps to pedorm the coven�ts and egreements cantainal in this Deed of Tnut,or if
<br /> -- eny ection or proaxdtng is commenccd which matedally affects Lenders intercst in thc PropMy.then Lender.et Lende�s opHon,upon notice to
<br /> -------= Borro�ver,may make such appearances.disburse such sums,including rcasonnble attomeys'fxs.aad teke such action a�is neassary to p[otect
<br />° ---�''� Lenders int�rest.If Lender eoquired mortgage insurence as a condition of making the loan sccured by this Deed of iYust,Borrower shall p�y tho
<br /> -----�-= ptemiums required to matntn(n such irs�srence in effect unNl such Hme ns the requirement for such insurat►ca tem�inates in accordance wit2►
<br /> -- --= Borro�vers end Lender'�writtcn agreement or appifcable law.
<br /> -�;��.� Any amounts disbursed by Lender nursuent to this p�rugraph 7,with interest thereon, nt ihe Nate rnte, shell becflme additional
<br /> _ -�'-„�� indebtedness of Bc�rrower secured by this Dad of Trust.Unlcss Borrowcr and l.end¢r agcec to other terms of puyment,such amounts siiall k�
<br /> ^ u"�'�"� payablc upon nodae from Lcndcr to 8orrower rcqucsting payment thereof.NothinII containcd in this paregraph 7 shall requiro Lendar to incur
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<br />_r,-,� any expense or take any action hcreundcr.
<br /> 8. rpip�etio�,Lender mfly mn1:e or cnusc to be mada rensanabla cnuies upon nnd inspoctions of lhe Property,provided tl�at Lcndcr
<br /> `_`;:,i.��"'"' ahail give Borrower notiw prio�to Eu►y svch[nspccdon spxifying renaonable aiuse therefor relnted to Lcndst's tntetest G�th��roperly.
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<br /> 9. Coadetnmtfon.'Che pmaeds of nny nward or clalm for damagcs,direct or consequentfat,in connecUon wiih any condemnaflon or
<br />-- : otha teking of the Propcny,or part thereof,or far conveyance in I{eu of condemnntion,are hereby assigned and shail be paid to Lender.subject
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<br /> •- ,� ro the tertns af any mongnse,deed of uust or uttier sccurity agrcemcnt with n lien wh(ch I�es prierity ovcr this Deed of'Iluct.
<br />,.�;;_�=; .. i'� 10. }kr�ower Not Reb�atd: Forborrance By Lender Not a Waiver. Extension of the time for paymrnt or modificallon of _
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<br /> _�+� emoRi�aiioi�of the$um�securcd by this Deed of 1 aast�ted by Lendcr to nny succcssnr in intcrest of Borrower shall not opemto to release. n
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<br /> NEBRASKA- SECOND MORTGAGE-1/80 FNN[A/FHLMC UNIFORM INSTRUMEIV Paxc 2 of 4 For�3828
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