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<br /> � BORROWER Ai�1D I+ENDER AGREE AB FOLLOWS= ��; 92-� 1��2
<br /> ;�r�,� -- 1. Horrower shall cause to be paid when due, the prinaipal
<br /> .�..�
<br /> and interest as provided in the Credit Agreement. --�-
<br /> '^,� �� 2. Al1 payments received by Lender ehall be first applied
<br /> to advances whiah raay have been made by Lender auid then to
<br /> ,a,;,,��.�;;;�;�� interest alue and las�ti to princi.pal �ue.
<br /> .�...,.��,.,s�.
<br /> ----- -'- - 3. Borrower shall pay a11 genercl real e�tate taxes and
<br /> epeaial asaea�menta again�t tho praperty bePore the same beaome
<br /> "'�'=' delinquent.
<br /> �esi�:�`^�
<br /> 4. If Lender determinea that any part of the property ia
<br /> ��u;�,�;, subject Lo a lien, whiah is or may attain priority over this
<br /> �� aeauri.ty inetruenent, Leader may give Borrower a notice identi-
<br />- ��� ' :��. . f� �� fying the lien and Horrower ahall satiafy the lien within 10 daye.
<br />:_9:,. �t�,�:.:•.,: ,;,� � Lender ie aware of a Deed of Trust betwenn Horrower as Trustor
<br />- °' �`'�.`. � ° ,� and E. N. Roe and Marlene Roe, h�iaband and wife, ae Beneficiary, _ _
<br /> ���'��`J;��� s' filed a� Document No. 92-100708 in the Regieter of Deeds of Hall
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<br /> �:.-.....•,�` � Couaty, which has priority as a firat lien agaiast the real
<br /> „ • L',�"!�t'*�'��• . estate conveyed herein. Lender ia further aware of a Deed of
<br /> � .�..0 . �_.: Truat between Borrower as Trua tor and Wilber Oldfather as Bene-
<br /> ��"'�' " fiaiary which is filed as Document No. 92-106054, a Deed of Trust
<br /> • � �,�-�'' ..- between Borrower as Trustor and Gerald Ferguson ae Beneficiary
<br /> which ie filed ae Document No . 92-106056 and a Deed of Trust
<br />�__�_s,::. �_.:���,.,'• between Borrower as Trustor and Hurton D. McPheeters as Henefici-
<br /> -• � �"' - •�T�'�:;�� ary which ia filed as Document No. 92-I06058, all of wt��ch �7ave
<br /> ' � been filed with the Register of Deeds, Hall County, Nebraeka and
<br /> , , have priority as prfor liens against the real estate conveyed
<br /> _ - herein.
<br /> � .
<br /> „ , � � - 5. Huyer shall keep the improvements on said premises
<br /> . : ; ..,�,�,,,a,..n�: ,,;�� insured aqainst loss by fire and hazards included within the term _
<br /> � "extended coveraqe" for their insurable value and policiea for
<br /> �� � ' �^� ���•�;�• �- the same shall includes a standard mortgage clause showing Lender
<br /> herein. In event of loas, Lender may make proof of loss if not
<br /> � � "' promptly made by Horrower. Insurance proceeds shall be applied
<br /> � � ""."''"�� ,n,,�� � to restoration or repair of tl�e property damaged, unless both
<br /> ��� -=���•��� parties otherwise agree, except if restoration or repair is not
<br /> ,._
<br /> �/�- My' ~ economically feasible or Lender's security is not iessened, -
<br /> � � -� �� otherwise said proceeds shall be paid on the debt herein, whetiher
<br /> �� . � . or not then due.
<br /> �;
<br /> � �' � Unless Lender and Borrower otherwise agree in writing, any �
<br />__��tr, c�.,: payments or proceeds from insurance shall not extend or postpone
<br /> , the due date of the monthly payments provided in said note, or
<br /> ' ,'� � , . -� chanqe the amount of the s�ayments.
<br /> �`� ' 6. If Borrower fails to perform the covenants and F��
<br /> �`�� . .
<br /> , aqreements her�in contained, Lender may do and pay for whatever !°
<br /> ." is necessary to protect the value of the property and Lender's �-=
<br /> . � Y rights in the property, including the paying of any sum secured ��`
<br /> �;.
<br /> by a lien which has priority over this security instrument, �..,
<br /> �. . appearing in Court, paying reasonable attorney fees and entering �,
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