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<br /> , , - .uN�FORM covHr�wriTS. Hw=ower and Lender covenanc and agzee as follows: � � .� .
<br /> � ' p when dne the prinsi�al and i�rest � � .
<br /> 1. �aym�t of PrincDyal �d Iat�at. Bouower s6a11 PmmpttY PaY �-. `--- . - - - .
<br /> -- � - - indebtedness Evideaced bY the Note and late c6atges as provided in the Note. � . ' :. -
<br /> th
<br /> , ., 2.&�m�s Por T�es and Insivanoe. Snbject to applicable law or a wriuen waiver bp I.ender,Boaower si�ll pay to � ,. '
<br /> . Iender on�he day mnrablY PaS�me�s of P�PaI and inr�rest ate payable under the Note.uutil the Note is paid in fari,a F � `
<br /> ' � sam�herein'Fua�s7 eqnal to one-twelfth of tLe yeazlq ta�es aad assessments C���condomi�am and pla��cl anit ` . .
<br /> (h
<br /> ` � developmeat a�,��9)wluch may attain priorit9 wer this Deed of Tmst.an�gmma�zents on the Pmpert�►.if . ,
<br /> ' 3any.ptus one tweiRh of Y�9 PT���for La7acd insoiance,Flus on�iwei8h of yearly premi��menrs ` . .
<br /> � for mortgaSe insorance. if anp. all as teasonably estimated initially and fmm time to time by I.ender oa the basis�af
<br /> ' ? asssssmenic and bills an�d�easoaa�le esdnoates the�eo� Bomawer shail not 6e obligated tfl make sach gayments ` . - --
<br />_ - ` _ �_. _ •-_`. �� m I�er to t1�e esteat that Boaower makes snch payments w tbe holder of a prior mortgage or de�d of tr�st if such ho2der -- ------_-
<br /> = is aa iasqmtionallender. . ,� `
<br /> _ ; 1f Hoaovrrer pays Fm�ds w L,ender, the Fands shall be held in an instiwtion tbe deposits or accawnts of w3nch are . � � .
<br /> - � insn�ed ox gaamm�ed hY a Federal or state ageacY C��B���e1����e���� , � �.;
<br /> the Fmnds to pa'said taaes,ass�,instuance P�emiums g�a�d � ,.�.,- .� �.
<br /> . � �P� � F�.�Y�g�aid acx°mu°I Yenfyuig and wmp�ing said ass�ments and b�ls,unless Lender Pays ,. .. ._. . =
<br /> Baaower intexest an the Fonds antl a�pltc�ab2e 1aw permits Ixnder to make sach a cbarge.Bosmwer and I ender may agree ,,`:,.,,�
<br /> -� in writing at the 6me of eaeaition of this Deed of Tmgt tLat inte�est an the Faads sball be paid m Boaower. Ba� � '�"
<br /> � ' . . , . � sacb agr�ement is made or agplicabie law requites snch i�etest w be paid.Lender shall not be r�q�sed w paY .. . :•''::
<br /> any iaie�t op earnings on the Fnnds.Leat�et shait give w Borrawer,witham��an anm�al a�roua�n�of t3�e Fimds _ �� z�.;
<br /> .,�3�=
<br /> . • showu�g credits and debits to the Faads aad the gatpose for which each debii to the Ftmds was made.The Fumds are � � .:� �_. - -
<br /> `� � pledged as additional s�acity fur the sums secured by this D�d of Trasc. : -�--
<br /> .. �.-.; If the amonnt of the Fands held by Iender,tog�her with the fanue mnsuhlq iartal3ments of F�ds payable gciar to � ".,,�,�,:�-=
<br /> . � the dae dates of tases, a�ems,Ins�a�ce g����d�� sball ac�ed the aiaaanc iecluired m PaY said _�;�`:;-�'" `:
<br /> ., a�ents insoiauce pzeminms and giound sents as they fall du°. such e�c�ss shall be.at Bonawer's option. ;,�:;.',,: ;;�'-;`
<br /> ':iu;••_,.:.-,.._
<br /> --�.c:� t�,:s; --.
<br />. . . .•.' �P�FUY�P�to Boaower ar c�+etHted w Homnwer on mmathly installm�ats of Funds. If the amnmit of tl�e Fuads - .
<br /> ' , � hehl by I�eadcr shall nnt be su&cient w PaY taaes.assessmems.ins�P���r�euts as theq fall dae, ;...:—
<br /> �;�, h 9
<br /> . - . Boaower shall pay to Lender au9 amou�t n�at9 to make uP the deficiencq in one or more gaqm�nts as Lender may . r'� --• x�
<br /> ..T'+.' .�'.y..�S
<br /> }p���}� ��� �`,�4FO!
<br />.. . ��7���� , ' -4!it.
<br /> . Upaa payment in fall of all sams s�bY this De.ed of Tmst.Lender sha11 PmmpdY i+efand to Hoaower amy Fands .... . �..
<br /> . . ' held by Ixnder.If ander pamSraPh 17 henof the PiopenY is sold or the Pmperty is olheiwise acqaited b'9 Lende�.� .•�l 1` �.
<br /> - itY1TTP�tAtPI �or to the sate of the Property or its acquisidon bq Lender. a�r Fnnds held 1sy ''r •- -
<br /> , . � g 1�a ll a p p l y. n o 1 2 t e r t U a II' Y p , ; .;. ".'�s
<br /> tU ..7�i?�e�
<br /> - a Ixnder at the dme of agpllcadon as a credit against the sams secured bY t�is Deed of Trast. . '�,���..-
<br /> :� i I�VCd�'j.CIIdEI�2� :'.� i�l��� �
<br /> , , 3. Applisatton af Paym�Ls. UNess applic�ble taw pmvides othecwise,atl PaYments (��,-,•-.--.
<br /> ' Note and paiag�aphc 1 and 2 beceof sLall be applied bq I.ender fust in payment of amounts payable W Lender b9 Boimwer . '�'����:�
<br /> eceo ��-.�,,,.��
<br /> � ander paiagtaph 2 hece��tben w interest payable on the Note.and then w the principal of the Note. . . �rs: '�.-�;�
<br /> � en �.
<br /> ;�..J �:���.
<br /> - 4. Pelor Mart�ges artd Deed9 of Trusti C1�'S�t I•i�. Boaower shall perfotm all of Bormwer's obligadons :�.�y�=
<br /> � , under an9 mnrtBaSe.deed of unst or other se�ry agcgemeat with a lien wluch has p�arity over this Deed of TmsE, ::'��:� _,
<br /> - - when dae.Bosower sha11 pay or cause to be paid all�.asse�uents : d�'
<br /> , � i n c t u d i�g Bom�wer's cavenants w make paltments ;" ';-f?`-t��'�
<br /> and other c�ar8es,5nes and impasdon5 sun'butable w the Pmpertj►which may attaia a priority rner this D e e d o f T i a s t, .,��:,:�;.:,
<br /> and leasehold payments or graand:ents,if aay. �k-'�
<br /> t. r3
<br /> ; '' � S. Ha�rd Tnsuzence. Boaower shaU keep the i�rovemenrs now exisdng or hemafter emted on tbe Progecc3► ,
<br /> - � insnred apinst Ioss by fue,bazards iaclnded wlthin the term'extended covernge°.and sach other hardrQs as Leader maY .:,, ;.i:r.:,���;
<br /> ' � ' reqtdre and in sach amc�nuts and for such petiads as I.cnder may reqaite• • :
<br /> . 17ie lnsuranre camier paoviding the insatance shall be chosen bq Boaower snbject w approval by Leader:provlded, . �
<br /> ` � tbat sach appmval shall aot be u�snnably withheld All iasuiance policIes aad reaeatais thereof atall be ia a fotm . _ ;.-f:,�;:,:;. .
<br /> � ; acceptable w Lender and shall include a standard mnrtgage chase in favor of and in a form accepfable w Lender. Ixnder
<br /> " � �; � sLaU have the right to hold the pollcies and renewals thereo�.snbjece w tLe te�s of any mortgage,deed of t�ast or ather . .
<br /> - serudty agieement wIth a tien wlnch has priority aver this Deed of Tmst.
<br /> _, .+ In the event of loss,Boaower si�aaU give prompt noace to the insuiance canier and Lender.u�det may matce pmof ,
<br /> ` .: .� of loss if not made prompdY b9 Bonower. . , _ . , .
<br /> Iff the Pmpetty is abandoned by Barrower.or if Borrower fails to respond to Lender with�►30 days from the date
<br /> � nodce is maile�by Lender w Bonower that the insarance c�ier offers to seule a claim for insorance benefits.Lender is
<br /> ti
<br /> - � � anthosi�ed to witecs and apply t�e in�w�aucc Pzoce�ds as 1sr.�ps's o�dnn either to resw�adon or repair of the PropertY or ::..___._:.._ ._.
<br /> to the sums secared by thi.s Deed of Tmst.
<br /> � � 6. Pceservatton and Main4enance of Pr+mperty; I.easehotdsi Cond a m i n tums; F l a n n e d i T a t t D e v e t o p me�ts. � ;:; �.. ".
<br /> Borrower shaU keep the Property in goad repair and s�all not wmmit waste or pem�it impai:meIIt or dete�iomdon of the � . .
<br /> , , � p�p�y and s�all comply w1tL the pmvisions of an,y lease if this Deed of Tsnst is on a leaseha�ld.ff tl�is Deed of Ttust is � �
<br /> � ' on a u�t ia a coadominium or a pfanned nait developmen�.Borrower shall perform all of Barrower's obligations nnder the .
<br /> � I declaraflon or covenants creati�ng or gaveming the wndoailniam or planned unit development.the by-laws and regalaflons • ' : .
<br /> of the condomi�dum or plar.�ed unit development.and cansdtuent documents.
<br /> ' I 9.Protecttoa of Lender's Seauity. lf Boirower fails to perform the covenants and agreements�°�ned��
<br /> . , Deed of Trnst.or if any action or proceeding is wmmenced wldch materiallY affects L�ader's imerest in the Propefi►,ttiea
<br /> .. iender. at Lender's opdon. upon nodce to Bonower. may make snch appearances. d�sbwse such sums. 1ncluding
<br /> reasonable attomeys' fees, aad take such action as is necessary to protect Lender's iatecest. If Leader required murtgage
<br /> ;nsurance as a condition of a�aking the loan secured by tLis Deed of Tnist.Bosower shall pay the premiams re9uired to
<br /> maintaia sucb insurance in effect until such dme as We requiiement for such insurance terminates in accordance with .
<br /> gorrov�,er�s and I.ender's written agreemens or applicable law. !
<br /> qny amo�mts disbutsed by Leader pursvans to tbis paregraph 7.with intcrest thereon.at the Nate rate.shall become %
<br /> � additioaal indebtedaess of Borrower setured by this Deed of Ttust. Untess Borrower and Lender a�ree��f. INothing �
<br /> . paymen�, such a�nounts shall be payable upon no@ce from Lender w Borrowor requesdn8 D��
<br /> wntained in this paragraph 7 shaq require Lender to incur any expense or take any acdon tcereunder. ;
<br /> . 8.1nSpectton. L.ender may m�1ce or cause w be made reasonable enuies upon antl ia�pections of the Property. �
<br /> _ � � provided tLat I.ender shall�ive Boaower nodce prior to any such inspECaon specifying reasonable cause therefor related to ,
<br /> Lender's interest in the Property. '
<br /> �' Nebraske 2687fr3 �/97 Origiaal(Recordod) Copy tBraach) Copy(Cuotomer) Pege 2 of 5 •
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