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<br /> .. B1ARB.i�Rl1 A AATORI� PARKIIR RObBE3T R D11RK8R (3���A��� 100560 12/1�/199G ; "-- ;
<br /> UNIPOAM COVBNANT5. lDurruEVCr r.ns1 I.cttticr cuvciwut nnd ngrcc ns f+►Iluwe:
<br /> 1. PqymenE oP Princlpul and Intc`c3i, liorrawcr shnll �rumptly pay �vt�cn dur dic prli►cfpal and lutcre:�t
<br /> . . � i;�dcb:ai�:�evider.:ed by the Nn*.e»r!�!Ipte c��eroE:w�a nrnvlded in the Note. ----
<br /> �.�nds Por T�u+ca and Insunnce. 5ubJect to appllcnble law��t s wrfuen wxlver by Ls:ndc:r, Dorrower sl�all pay to
<br /> l.ender on the day mandtly paymen�s of pdacipal and interest nre pt+yeble under die Nate, undl die Nute Is paid in fidl,a
<br /> sum (herein 'Funds") equal to nne•twelfth of�he yeariy taxes and assessmerte (i�xluiiing cundominium and plaru�ed ualt
<br /> . development assessments, if auy) wldci�muy attain pdority over diis Deed of Trust, and gro�ind rents an thc Peoperty, if
<br /> any, plus one-twelfth of yearly prendum iastallwents for l�aTard insurance.plus ane-twelfth of yearly prewium�ustalini�nts
<br /> for mortgage insurance, if any, all as reaVonably esdmated ialdally �nnd from dme to dme by Lender on the basis of .
<br /> assessntents and bills and reasoaable esdmates thenof. Horrowee shall not be obUgated to make such paymeacs of Fuuds
<br /> � � to l.snder ta t�s extent that Dorrower mekes such payraents w the holder of a prior mortgage or deed of ccust if such uolder
<br /> . � ' is an institut�ona�lendcr.
<br /> � If Bona�va�r pays Funds to Lender, the Funds shall be held iu an insdtution the deposits or accounts of which are
<br /> � � iasured or�nrvnteed by a Federal or state agency(including I.ender if Lender is such an insdtudon). Lender sball apply
<br /> '�,�},; .:.
<br /> ��' I the Funds to pay said tnxes, assessn�ents,insurence premiums and ground rents. I.ender may not chazge for so holdins encl ,
<br /> . � applying the Funds, analyzing said account or verifyn�g and compiling said assessments and bills, unless Lender pays '�y
<br /> , Borrower interest on tlae Punds and applicable law pemsits Lender to make such a charge. Borrower and Lender may agree
<br /> .:,�:i Iu wridng at the dme of execudon of this Deed of Trust t6at interest an the Fuads shall bc pai d w Bonower,an d u n less
<br /> : , such agreemeat is made or appUcable law requires such interest to be paid, Y.ender shall not be required to PaY Borrower {.
<br /> '•?��,;•" auy iaterest or earnings on i�e Funds. Lender shall gtve to Borrower,withaut cherge, an annual accoundng of the Funds • -
<br /> ''�� showing credits aud debits to the Funds and the purpose for which each debit eo the Funds was made. The Funds are ��•�.
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<br /> 1;{, pledged as additional security fur the sums secuced by tius Deed of Trust. ,';:'':;.- ``
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<br /> :,,';;_ If t3ic a,►�uuut�f;1�c Puuds uzld by Lender, together wlth the fi,nue monthly installmen[s of Funds pa}�a5:c prior to �, II
<br /> ' ?f.;�'� the due dates of taxes.assessments, insurance premiums and ground rents, shall exceed the amount requized to pay said :.;�.;-.�
<br /> �� ''� taxes, assessments,insutauce premiums and ground renu as they fall due, such excess shall be. at Borrower's option, '�
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<br /> �•�� �' eicher promgdy repaid co Honower or credited ro Bocrower on manthly Installments of Funds. If the amouat of uie Funds -__
<br /> .;�:�. held by Lender shall not be suffident to pay taaes,assessments, insurance premtums aud b►round r�nts as they fall due. .� l�._��
<br /> ` ' Buaawer shall pay to I.eader any amount necessxty co malce up the deficiency in one or mure�aynients as 1.cudez�;1 �.,�,���
<br /> +�;',:; '���"�.
<br /> :,�'t�; reguire. --
<br /> ,:';-., . �:�F�;;.: Upon payment in full of all sums secured by tlils Deed of Trust,Lender shall prompdy refund to Honower aay Funds �''-
<br /> '- -��? heid by Lender. If uu�icr pusab�a��i 7 her�f th� Fruperty i�sotd ar t'•te P:er=:y is O*.1"�ca arnnired by Lenc�er.Lencler �' .-
<br /> .�:.,� .� � �`` ,
<br /> ' ���� � shall apply, uo Iacer than irnmediately prior w the sale of the Properry or its a�quisidon by Lender, any Funds held by
<br /> � `��-�s�'. Lender at the dme of applicadon as a credlt ag e inst t he sums sec u m.�by t h Is D e e d o f T r u s t. -
<br /> v � 'S�`��``t 3. AppUcat[on of Paymaits. Ualess applicable law provides othenvise. all payments received by I.euder under ttie
<br /> Note aad paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts pAyable to Lender by Borrower
<br /> ut�er paragraph Z Lereof,then to interest payable on the Note,and then to the prinaipal of the Note.
<br /> „ A. Prlor Mon�a�es�nd IIeais ot Tr�uti Ctwr�a; I.teng. Bonbwer shall perform all of Horrower's obligadons
<br /> under any �ortgage. deed of tnut or other ucuriry agreement with a lien which Las priorlry over thIs Deed of Tn�st.
<br /> including Borrower's covenan�s to�ake payments wl�en due.Bonower shall pay or cause to be paid all taxes,assessments
<br /> „ aad other cl�arges,Hnes And Impositions Qetributable to the Property which roay attAin a pdority over tWs Dced of Trust,
<br /> , end leasehold payments or ground reate,if any.
<br />� S. HAZSrd Insurmce. Bonower shall keep the improvements aow eaisdng or hereafter erected on t�e Property
<br /> - . , insund agaipst loss by fim. har�ds included within the term"extended coverage',and such other haaards es Lender may
<br /> • - • •� ` require and in se�ch amounts aucl for such�erlods�s Lender m�y require.
<br /> - � The insurance canier provicling t�e Insutance shall be chosen by Bormwer subjece co approval by Lender; provided. _
<br /> tl�tat such approval shall not be unreasonably withheld. Pal insuravice policies and renewals ttiereof shall be in a form
<br /> acce�ptable to Lender en�s4�U include a standard mortgage clause in favor of und in a form acceptnble to I.euder. Lender `
<br /> ,. shali i�ve t8e right co hold �he policies and reuewals tUereof,subject to t�e ternis of any mortgage.deed af trust or other �_ _ _____
<br /> •.- sernrlty agreement with a lien which has priority over this Deed of Tcust. _
<br /> -•�. In the event of loss,Bacrower shall give prompt nodce to the insurance canier and Lender. Lendcr may make proof �..-
<br /> of loss if not made prompdy by Botrower.
<br /> • � k If the Property is abandoned by Borrower. or[f Borrower fails to respond to Lender within 30 days from the date
<br /> • ' � � nodce is mwled by Lender ta BoROwer that the insorance caalec offers to settle u claim for insurance benefiw, ixucicr i� ��,Y-
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<br /> - � authorized to collect and apply tbe insurance prnceeds�c 1-ender's optlon eith�r to restoradon or npair of the Pmperty or _�_-._
<br /> ' to ttie sums sec�ured by tlris Deed of?mst. �;;�`-$`'-�
<br /> y 6. PrFSCrv�Uon an� Malnteaaiwe of I'ropertyi I.cs�seholdst Condomini�ans; Pfanned Untt Developments. _.;�_.:_
<br /> � , '.ji!i:...�,�-'-�"._
<br /> �� Bonower slu�ll kceQ the Property in good repair and shaU not commit waste or permit impairment or detealoration of the ,.�__�•.�__
<br /> • .t•.,...
<br /> �, pcopercy and si�all comply wlth the provisions of any lease if this Deed of'fcust is on a leasehold.If this Deed of Tiust is � �°'��
<br /> . �Y'.
<br /> on a unit in a condominium or a p(anned unit development, Bonower shall gerfarm all of Borrower's obligaflons under the
<br /> `t declaradon or covenants creadng or govemiag the condominium or plarmed unit development,the by-laws and regulaaons '
<br /> - • of the condominium or planned unit development,and constituent documenis. .
<br /> ; 7. Pr�W�ection of Lender's Securlty. If Borrower fails to perform the covenants and agreements contained in this
<br /> Deed of Trust. or if any actioa or proceeding is commenced wluch materially affects Lender's interest in the ProQerty.then
<br /> � ____ �_� I.ender, at Lender's opdon, upon nodce to Horrower, may make sueh appearances, disbucse such sums. including •.
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<br /> - . • • - • • •-----_ *r T__.,��....:.v., .........e..o __ �-----
<br /> — ' masonable attorncys' fees. and take suCll dCdon as�s aecessary tu protec[unucr s IIIICtpt. .� ..�...u... =..y�.•.........••a�a- - -
<br /> insurance as a condidon of making the loan secured by this Deed of Tnut, �orrower shall pay the premiums rec{uired to
<br /> - maintain such insurance in effect undl suc6 dane as the requireu�nt for such inssuru�ce terminates iu accordance with
<br /> Borrower's and Lender's written agreement or applicable law. �
<br /> ; Any amnwnts disbursed by Lender pursuant to this paragraph 7,with intemst thereo», at tbe Note rate,shall become
<br /> „ addidonal indebteclness of Bomower secured by tLis Dced of Tnut. Unless Borrower and Lender agree to other terms of
<br /> � , paymeut, such amounts sha�l be payable upon notice frc�m I.ender to Borrower requesting payment t6ereof. Nothing
<br /> • ` ..�, contained in this paragrapL 7 shall require Lender to iucur any exgense or take any action hereunder.
<br /> ' '' ' 8. Inspection. Lender may rrnake or cause to be made reasonable entries upon and inspections of the Propeny,
<br /> ' provided that Lender shall give Borrower notice prior to eny such inspecdon specifying reasonable cause therefor related to
<br /> Lender's interest in the Property.
<br /> Ncbraske 26876-3 i1�96 Origiaal(Recosde8) Copy(eranch) Copy(Cuetomer) Pegc 2 of 5
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