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<br /> UNI('URM COVBNANTS.Borcower nnd l.ender covenant nnd agrce as follows: �
<br /> I. Poymcnt of Princlpal ond Intcrest.Borrowcr shnll promptly pay when duc thc principal ond intcrest inclebtcdness evidcnced by
<br /> thc Notc nnd Inta cl�arBes as providcd in thc Natc.
<br /> 2. Fw�d9 for Tnxn and lnsursnee.Subject to opplicable Intv or a �vritten wniver by Lendcr,�orrotver shnll pay ta I.te�der on thc
<br /> . day monthly paym:nts of princlpal and intcrest nrc papcblc undcr thc Natc,until thc Notc is paid in full,u eum(hcrcin "funds")cqunl to onc-
<br />. nvelfth of the yenrly taxes and ussessments(including condominium and planne�l unit development assessments, if any), which may attain
<br /> prioriry ovcr this Dccd of'frust,and gruund rents on thc Property,if uny,plus onc•twcllth of ycnrly premium installmcnts for hamrd insurance,
<br /> plus onc-hvelfth of yearly premium installmente for mortguge insurancc, if nny,nll ns rcasonubly cstlmatcd initfally and from time to time by
<br /> „ Lcndcr on the basis of nsscssments end bills nnd re�sonoble cstimates thcreot�arto�ver shall not bc obligntcd to makc such paymcnts of Funds �
<br /> to Lendcr to the exteut thut Aortower mnkca such pavments to thc holder of a prior mortgage ur decd af hu:t if'such holder is nn insHtutionol �
<br /> :,`-4`j.�� lender. - --
<br /> �.. [f aorte�cr psys Fun�i to Leod:r,thc Fuads shall be i�cld in un instiiution che deposits or accounts oi which are insured or suurnntecci
<br /> ,,:w�+?�` by u Fcdcral or stnte agency(includins Lendcr if Lendcr is such nn institution).Lender shall apply thc Funds to pay said tnxes,asscssmcnts,
<br /> `»w�^�^�'� insurunce premiums nnd ground renta.Lertder moy not chwgc for so holding and applying thc Funds,unnlyzing said account or vcrifying and �
<br /> i compiling said assessments und bills,unless l.cndcr pays Borrower interest on thc Funds and npplicublc law permits Lcnder to mukc such n '
<br /> ' chnrge.Borrower and i.cnder may ugree in writing nt thc timc of execution of this Deed of Trust that intcrest on the Funds shnll bc paid to -
<br /> � Borrowcr,nnd unless such ngrccmcnt is made or applicnble Inw rcquires such intcresY to bc paid,Lender shnll not be rcquired to pay Bo�ro�vcr ,:;�:;��::�'��`.
<br /> any i�terest or eaminga on the Funds.Lcndcr shull give to Borrowcr,without charge,on unnuul nccounting of the Funds showing credits und ��4"=
<br /> 7:,� dcbits to the Funds and tha purpose for which cach debit to the Funds was made.1'hc Funds am pledged as additional sccurity for the sums ,';:�����`
<br /> secured by this Deed of Trust. `cy�•�--
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<br /> If thc amount of thc Funds held by Lcndcr,togethcr with Yhc futurc monthly installments of Funds paynblc prior to thc duc datcs of :i'��
<br /> ��� taxcs,ossessmcnts,insurancc premiums and ground rents,shell cxcced thc amou�t required ta pay suid wxes,nssess�nents,insurance prcmiums �`�
<br /> ' und graund rents as thcy fall due, such excess shnll be,nt Bortower's option,either prompdy repaid to Borrower or credited to Borrower on �---
<br /> ,�• monthly inst�Umcnts of Punds.If Q►e amount of thc Funds held by Lender shell not be sutlicicnt to pay tnxcs,nssessmcnxs,insurance prcmiums =----
<br /> nnd ground rents as they fall due,Borrower shall a to Lender an amount nec ��''�-—
<br /> P Y Y essary to makc up the deficiency in one or more payments es
<br /> �� Lender may require. -
<br /> Upon payment in full of all sums secured by thie Dced of Trust,Lcnder shall prompdy refund to Borrowcr any Funds hcld by Lendcr. �"'�W'-
<br /> ; If under pnragaph 17 hereof thc Property is sold or the Property is otherwisc ecquircd by I.�nder,Lender shall npply,no later than immedintcly �
<br /> ,;� prior to the sale of thc ProperYy or its ecquisition by Lendcr,any Funds held by Lender at the timc af application ns n emdit a�ainst the sums
<br /> secured by this Deed ofTrust.
<br /> :.��:;;�'� 3. Appllcatton ot Ptyments. Unless epplicablc Iaw provides othenvise,ull payments received by Lender under thc Notc and
<br /> '"�S� parngraphs I and 2 hereof shall be a licd b Lendet tirst in a
<br /> ':�y. PP Y p yment of amowts payablc to I.cndcr by Borrower urtder patngrnph 2 hcreof,thcn
<br /> �',-' to intcrest payable on the Note,nnd thcn to dic principal of the Note.
<br /> .. 4. Prlor Mortgages and Deeds of Trust;Charga�Ltens.Borrowcr shal!perform all of Borrowcr's obligations under eay mortgage,
<br /> •, dced of trust or other security ngreement with a lien which has prioriry over this Deed of Trust, inclu@ing Borrower's covenants to make —
<br /> paymenYS when due. Borrowcr rJ�all�ay�r I`AIa[P f�It�.YS:�.�1!5.�.�,���..j,.���lY YLtGI{i1IWb'G`J�Pncs nnd imposi[ions attrioutable to thc
<br /> Property which may attain a prioriry ovcr this Deed of TYust,and Icasehold payments or ground rents,if nny,
<br /> 5. HuaPd Insurnaca Borrower shnll keep the improvemente now exie6ng or herenfter erected on the Property insured against loss
<br /> ' by fire,hazttrds included within the tem�"cxtended coveroge",and such other hazanls ns Lender may requim end in such amounts oad for such
<br /> � " . periods es Lcnder may require.
<br /> '�'�^''��;".�'��� The insurance currier providing the insuranca shall be chosen by Bonower subJect to approval by Londer;pr�vided,that such approval
<br />-,� � �� -'� shall not be unreasunably withheld.All insunnce policies and renewala thereof shnll be in a form acceptnble to Lender end shall include n
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<br /> ;k°'`�•:'':�+'r+�; stttndard mortgage alausc in fnvor of and in a fortn acceptablc to Lender.Lendcr shnl!have the right to hold the policies end renewals thcreof,
<br /> =-�°'_�?�'��:<" uubject to the tcrms of any mortguge,deed of hust or othcr securiry ugreement with o lien which has priority ovcr thls Deed of Trust. `�-- "
<br /> +;;�;'''`''• 1n the avent of loss,Borrowcr shall give prompt motice to the insuranc.carricr and Lendcr.Lender may makc proof of loss if not madc
<br /> _ �}':'�"`-'�'�} promptlybyBorrower.
<br />�•':4�';r'�,' _ If thc Pro � Y Y
<br />_, .� perty is nbandonod by Borrower,or if Borrower fails to re nd to Lender within 30 da s from the date norice is maileci G
<br /> _•�.�="�� • Lender tu Benower thnt the insuronce carrier offers to settle a claim for insucsmee benefite, Lender is authorized to ealleet nnd npply the
<br /> V_`.;=.�g—,�.���' insurence procecds nt Lrndcr's oFden cidicr to rcstoretion or re air of rhe Pro
<br /> P perty or to thc sums sccured by thie Deed of Trust.
<br /> --`:='*'�r"�:5'�. 6. PraervaHon and Malnten�nce of Property;Leaaehoid�s Condornlnlumr, pinnned Unit Developiuents. Borrower shall k�ep
<br /> ��=.:�.;,.� thc Property in good repair und shull not commit waste or pertnit impairment or deteriomNon of the Property and shall comply with thc
<br /> _._ _--�� provisiuns of any lease if this Dced of Trust is on o Icasehold.if thie Dccd of Trust is on a unit In a condominium or a plenned unit developmcnt,
<br /> �:=��;,��� Borrower shnll pedorm n11 of Borrower's obligntions under the declaruNon or covenents cress4ing or g�veming the eondominium or plonned unit
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<br /> develo �
<br /> ��=:,,;��;;;,;;,, pment,the by-luws und regulations of the condominium or planncd unit development,and constituent documents.
<br /> ----_��[_`�:� 7• Prottcdon of Lcnder's SecoHty,If Boaower fnils to perfortn the covcnants and agrccments contnined in this Deed of 7lrust,or if ---
<br /> -•a°• '� any action or proseeding is commenced which materially uffects Lender's tnterest in the Pro
<br /> �'•.��::� Borrower,ma make such a P�nY�thcn Lendcr,nt Lcndere opdon,upon notice to --
<br /> �--;� Y ppearznces,disbarse such sums,lncluding rcasonablc attorneys'fees,and take such action as is necessary to protcct
<br /> =-•---� Lendcr's interest.If Lender tequired mortgage insurance es¢condition of making the loan se�ured 6y this Detd of Trust,Bortower sholl pay the
<br /> �_��;; premiums required to maintain such insurance in efY'ect w�til such time ns the requirement for such insuranee terminates in ncaordnnce with
<br /> �����;; Borrowcr's nnd Lcndcr's writtcn egrcement or npplicablc law. —
<br /> r�;�.' Any nmounts disbursed by Lcnder pursuant ro this pazagruph 7. with interest thereon,at thc Note rote, shall becomc nddiHonal `
<br /> jy�•:� ;:� indebtedness of BottowcT secun:d by this Deed of'ltust.Unless Borrowcr and Lendcr agrce ro other terms�f payment,such amounts shall be ��... -
<br /> � payuble upon notia from Lender to Borrowcr rcqucstins payment thereof.Nothing conmined in this paragmph 7 shnll rcquirc Lendcr to incur �:�
<br /> z � ��^:�+• nny cxpcnsc or takc any uction hcrcundcr.
<br /> - '����`�_� � 8. ineptcH�n.Lender may makc or causc to bc made rcasonnble entries upon end inspections of thc Pro �'
<br /> ' '�>'' perty,Providedthut Lender ,-4a;■�r:;:
<br /> •;,..y��' ' shull give Borrower notice prior ro eny such inspection specifying ra�sonable cause thcrefar rclated to Lcndcr's intemst in the Pro c K•:'.l �'
<br /> P rtY• ,.b,�,�,�•.�.,
<br /> � < 9. Condemn�tton.The proceeds of ony award or elaim for dcunages,dimct or consequentiel,in connection with cany condemnution or .,ti;�'=°.,�==
<br /> • othcr tekin of thc Pro Y � P �n ,
<br /> B perty,or pnrt thercof,or for convcyance in Ifeu of condemnation,are hercb nssi ed and shnll be aid to i,endcr,sub'cct ;: ,;:;`�:s�'-
<br /> _ to thc ternts of any mortgagc,deed of hvst or other sccurity agrcement with n licn which has priority ovcr this Dced of Tnut.
<br /> ` f0. Qorrower Not Released; Forbearance By Lender Not a W�Iver. Extcnsion of the Hme for paymcnt or modificution of • `',-'^=-
<br /> umortization of the sums secured by this Dted of'fYust grantcd by Lender to a�y successor in intcrest of Borcower shull not opcmte to rclease,in •- '_"'`"'
<br /> nny manncr,thc liabiliry of thc original Bortowcr and Borrowers succcssors in ',, ' ' �,�r'
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<br /> �� NEBRASKA-SECOND MORTGAGE-i180 FNMAlFHLMC UNIFORM 11�1STRUMEN r,gc 2 of 4 Form 3BZ8 �
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