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<br /> � LQANNO. 1533217 3A3 � _
<br /> { THIS SEGURITY INSTRUMENT combines uniform covenants for natfonal use and non-unlform covenants vulth .
<br /> . I limited varlatlons by Jurisdictlon to constltute a uniform security fnstrument covering real property. � �
<br /> UNIFORM COVENANTS.Borrower and Lendar cavenant an�agree as follows: ' • .>„;
<br /> � 1.Payment of PrinoipAl ond Intorest;Prepayment end Late Chargea. Borrower shall promptly pay whAn due j " . _-
<br /> , the principal of and Intereat on the debt evldenced by the Note and any prepayment and late cherges due under the
<br /> � ..., , No�e. i :.1,.
<br /> 2.Funds tor 7axes and Inaurance. Subject ta appilcable law or to a written waiver by Lender,Borrower shall pay i '
<br /> to Lender on the day monthly payments are due under thA Note, untfl the Note Is paid in full,a sum("Funds")for.(a) ,,,;�'
<br /> yeady taxes and assessments which may attaln priarfty over this Security Instrumant as a Iien on the Property;(b)yearly - . __
<br /> leasehold payments or ground rents on the Property, if any; (c)yearly hazard or property fnsurance premlurns; (d) .�:�
<br /> � yeady flood Insurance premiums,if any;(e)yeady mortgage insurance premiums,if any;and (�any sums payable by .�L=
<br /> � Borrower to Lender,in accnrdance with the provisions of paragraph 8,In lieu of the payment of mortgage insurance --
<br /> • � premiums.These ftems are celled"Escrow Items."Lender may,at any time,collect and hold Funds In an amount not to
<br /> I exceeri the maxlmum amount a lender for a federally related mortgage Ioan may require for Borrower's ascrow account '.
<br /> � under the federal Real Estate Settlement Procedures Act of 1974 as amended from tlme to time, 12 U.S.C. §2601 et � �%--
<br /> i� seq.("RESPA"),unless another Iaw that applles to the Funds sets a lesser amount.If so,Lender may,at any tlme,collect ��
<br /> and hold Funds In an amount not to exceed the lesser amount.Londer may estimate the amount of Funds due on the �;`
<br /> basis dcurrent data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordancewith ��•
<br /> appllcable law. `
<br /> The Fwids shatl be held In an Institution whose deposits are insured by a federal agency, Instrumentality,or ent(ty •-
<br /> (induding Lender,if Lender is such an Institutlon) or In any Federal Home Loan Bank. Lender shall apply the Funds to
<br /> pay the Escrow Items. Lender may not charge Borrower for hold(ng and applying ihe Funds,annually analyzing the
<br /> escrowaccount,or verifying the Escrow Items,unless Lender pays Borrower interest on the Funds and appl(cable law
<br /> permits Lender to make such a charge.However, Lender may requlre Borrower to pay a one-time charge for an
<br /> � independent real estate tax reporting service used by Lender In connectlon with thls loan,unless applicable law
<br /> provides otherwise.Unless an agreement is made or appllcable law requires interest to be paid,Lender shall not be
<br /> , requlred to pay Borrower any interest or earnings on the Funds.Borrower and Lender may agroe in writing, however, _
<br /> � that interest shall be paid on tho Funds.Lender shall give to Borrower,wfthout charge,an annual accounting of the -- -
<br /> Funds.showing credits and deblts to the Funds and the purpose for whlch each d eblt to the Funds was macia rha ----
<br /> �- 1 Furxis are pledged as additional securfty for all sums secured by this Security Instrument. � � =�^��-;--
<br /> � If the Funds held by Lender exceed the amounts permitted to be held by appIfcable law,Lender shali accountto '•i��'�
<br /> Borrower forthe excess Funds in accordance wlth the requirements of appllcable law. If the amount of the Funds held �''�
<br /> .r., :r•.
<br /> � by Lender at any time is not sufficient to pay the Escrow Items when due, Lendor rnay so notify Borrower in writing, =
<br /> and,In such case Borrnwer shall pay to Lenderthe amount necessary to make up the deflciency.Borrower shall make �?�
<br /> u the deficlenc in no more than twelve monthl ''�
<br /> p y y payments, at Lender's sole discreilon. ,,,_
<br /> Upon payment In full of all sums secured by this Secwity Instrument,Lender shall promptly refund to Borrower any ���
<br /> � Funds held by Lender. If,under paragraph 21,Lender shall acqufre or sell the Proporty,Lender, prior to the acquisitian ,,
<br /> or sale of the Property,shall apply any Funds held by Lender at the time of acquls3tlon or sale as a cred(t agalnst the –
<br /> " � sums secured bythis Security Instrument. —_---
<br /> : 3. Appltc�tion of Pt�ymenta. Unless appllcable Iaw provides otherwise,all payments received by Lendor under :�:
<br /> patagraphs 1 and 2 shall be applfed:flrst,to any prepayment cha�ges due underthe Note;second,to amounts�ayable
<br /> under paragraph 2;thtrd,to interest due;fourth,to principal due;and last,to any late cherges due under the Note. ':���
<br /> 4. Charges;Ltens. Borrower shall pay all taxes,assessrnents,charges,f(nes and impositlons attrlbutable to the -
<br /> Propertywhfch may attain priority over thls Security Instrument,c�rxi leasehold payments or ground rents,If any. ---e
<br /> Borrower shall pay these obllgatlons In the manner provided in paragraph 2,or If not paid In that manner,Borrower shall =-----
<br /> paythem on time dlrectly to the person owed payment.Sorrower shall promptly furnlsh to Lender all notices of --
<br /> arnountsto be paid under this paragraph. If Borrower makes these payments dlrectly, Borrower shall promptly furnish to ' V=„''���'"-
<br /> Lender recelpts evidencing the payments. �.;�,.����=._
<br /> ;�:=_–
<br /> i Borrower shall promptly dlscharge any Ilen which has prforfty over this Security Instrument unless Borrower. (a) _
<br /> � agrees In wrfting to the payment of the obllgation secu���b,.ha!!en in a manner acceptable to Lender, (b)contests(n ,:a;-'� ` .„T
<br /> good faith the Ilen by,or defends against enforcement of the Ilen in,legal proceedfngs which In the Lender's opinlon � `'�; '�
<br /> operateto prevent the enforcement of the ilen;or(c)secures from the holder of the Ilen an agreement satisfactoryto �"� ����,,::;�'
<br /> Lender subordinating the Ilen to this Security Instrument.If Lender determ(nes that any part of the Property Is subject to '��:,;;'�`:�'.�^;,,:. .
<br /> a lien whlch may ettaln prlorfty over this Security Instrument, Lender may give Borrower a nntice identifying the lien. � • �- -° � • •
<br /> � Borrower shall satisfy the Ilen or take one or more of the actions set forth above withln 10 days of the glving of notice. ;�y;
<br /> � 6. Hezard or Property In$urance. Borrower shall keep the Improvements now exlsting or hereaftor arected on ihe �-� •
<br /> ; Properry Insured agalnst loss by flre,hazards tncluded within the term"extended coverage"and any other hazards, ,� �
<br /> Including floods or flooding.for which Lender requ(res insurance. This insurance shall be malntalned In the amounls and
<br /> for the perlods that Lender requlres. The insurance carrler providtng the Insurance shatl be chosen by Borrcwer subject "
<br /> to Londer's approval which shall not be unreasonably withheld. If Borrower fafis to maintafn co�erage described above,
<br /> Lender may,at Lender's optlon,obtaln coverage to protect Lender's rights in the P roperty in accordance with
<br /> paragraph 7.
<br /> � NEBRASKA--SINGLE FAMILY-FNMA/FHLMC UNift7Rrv11N$TRUMENT FORM 30289/90
<br /> � ISC/CMOTNE//0792/3028(9•9U)•L PAGE2 QF6
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