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<br /> TO SECURE to Lender the repeyment of the indebtednesa evidenced by 8orrower's nota dated '� �bruary 08. 1998 __
<br /> end extenelone and renewels thereof Ihereln 'Note"1, in the princfpal eum of U.S. i10,000.00 , wlth intereat thereon, p
<br /> rovidinp for _.—_
<br /> monthly Inatallmente of principei and Intereat,with the baiance of the indebtednesa,if not sooner paid,due end payeble on
<br /> March 01,2�Ofl ; the payment of ell other eums,with interest thereon,advanced fn accordance herewith to protect the security
<br /> of thie Deed of T►uet; nnd the pertormance ot the covenants and agreementa of Borrower herein contalnod. ___
<br /> Borrower covenents thnt Borrower Is Iawfuliy selsed of the estate heroby conveyed and has the right to grent and convey the Property, I ;,_
<br /> ""''" and that the Property is unencumberad except for encumbrences of rocord excapt for e Iien granted by Borrower to Contrector and hereby :�;`u
<br /> • ''� asslgned by Contractur ta Lender. Borrowet covenents that Borrower warrenta and will defond generelly the title to the Property egefnet all , ._.
<br /> ciaima and demanda,sub�ect to encumbrances of record. ' ���=�_-1
<br /> ,`,,�
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and egree as followa: _
<br /> �� 1. P�ymint of Principal�nd Int�n�t. Borrower ahail promptly pay whan due the principat nnd intoreat indebtedneas evidenced by the ';,`��___
<br /> Note and late charges as provided in the Note. £`
<br /> 2. F u n d t f o r 7�x�s�n d I n s u r a n c�. S u b J e c t to a p pltcabie Iaw or e written waiver by Lender,Borrower shall pay to Lender on the day _
<br /> monthly payments of principel end Interest are payable under the Note,until the Note Is pa i d in fu l l,a su m l h e r e i n"F u n d s') e q u a i t o o n e-t w e i f t h
<br /> of the yeeriy texea end aeseaementa Ilncluding condominium and planned unit developmont aseeasments,If anyl which mey ettain prbrity over
<br /> thia Deed ot Truet, and ground renta on the Property, i f any, p ius o n e-t w el fth of yearl y premium installments for hazard Insurance,pius
<br /> one-twelfth of yaerly premium inetallmenta for mortgage inaurance,if eny,all as reaeonably estimeted Initleliy and irom time to time by Lender
<br /> on the basis of aesessmoni�and bills end reasonable estimetes thereof. Borrower shell not be oGligated to meke such paymente of Funds to
<br /> Lender to the extent that Borrower mekea auch psyments to the holder of a prlor mortgage or deed ot trust if such holder is an Inatitutlonal
<br /> lender.
<br /> If Borrower pays Funda to Lender,the Funde shall be held in an institution tho deposite or accounts of which are insured or guaranteed . .__
<br /> by a fe�eral or state agency Ilnciuding Lender if Lender is auch an institutionl. Lender shell apply the Funds to pay seld taxea, aesessments,
<br /> � Insurance premiume and ground rents. Lender may not cherge tor ao holding and applyfng the Funds, analyzing said eccount or veritying a�d �_=
<br /> complling sald aseessments end bills,unless Lender pays 8orrower interest on the Funds applicable law permits Lender to make such a cherge. —
<br /> Borrower and Leruler may agree in writing at the time of execution of this Deed of Trust that interest on the Funds shail be peld to Borrower, —
<br /> and unless auch agreement la mede or eppiicable lew roquirea euah interest to be paid,Lender ehall not be required to pay Borrower eny intereat _
<br /> �. or earninQs on the Funda. Lender shell give to Borrower,without chsrge,an ennual accountinp ot the Funds ehowing cradits end debits to the _�-- --
<br /> Funda and the purpose for which each debit to the Funda was made. The Funda ere piedged ae additionel security for the suma socured by this
<br /> - � Deed of Trust.
<br /> If the amount of the Funds held by the Lender,together with the future monthly installrnenta of Funde payable prior to the due dates ol
<br /> taxes, essesamente, ineurence premlums and ground rents, shall excead the emount required to pey aeid taxes, aesesementa, ineurance
<br /> Bor oweron monthty i eteiimeninBOftFul dse�lf the amolnte�fithee�Funds heid by Lentder�ohelenotrbe stufficientdto�peyrt xos, arsaesementa, -_
<br /> inaurence premiums and ground rents as they fall due, Borrower shell pay to Lender any amount necessary to make up ihtl dni�ciar�r 3ss crsc c�
<br /> more payments as Lender mey require. refund to Borrower any Funds held by Lender. —�— =
<br /> Upon peyment in full of all sums secured by this Deed of Trust, Lender ehall prompth/ ���,. _
<br /> � If under paragraph 17 hereof the Property is soid or the Property is otherwise acquired by Lender,Lender ahail appiy,no leter than ImmedieteN ;tr
<br /> ; prior to the sale of the Property or its acquisitfon by Lender, any funds held by Lender at the time of application es a credit againat tha eurne _
<br /> � secured by this Qeed of Trust. ���
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<br /> 3. AppNa�tion of PaYm�nb. Unleae applicable lew provides otherwiae, oll Payments receivod by Lender under the Nota erd ��1�'
<br /> �. to Interestepeyable onethe Note'I and theeto the prdincipaeof the Notet of amounts payable to Lender by Borrower under peragraph 2 hereof,then -
<br /> "�
<br /> �. 4. Prlar Mortp�p�t and D��d�of Ttust;Chtrp�r Li�ns. Borrower shall perform aA ot Borrower's obligetions under eny mortgage,
<br /> � deed of truat or other security agreement wtth a Iien which has prlority over thia Deed ot Trust, inciuding Borrower's covenants to mek�
<br /> .,, payments when due. Borrowor ahall pay or cauae to be pafd all taxos,asaessments and other cherges,finea and imposltlona ottributable to the
<br /> , PropertY which may attaln a priority over thfs Deed of Truat,and IeeseMld paymente or ground rente,if any.
<br /> 6. Ha:ad Ineurancs. Borrower shail keep the improvements now existing or hereafter erected on the Property insured ageinst loss by e
<br /> fire,hazarda Included within the term"extended coverage,"and euch other hezards aa Lender mey require and in auch amounts for such parioda `
<br /> a as Lender may require. roval �� -
<br /> ; The insuranCe carrier providing the insuranco ehali bs chosen by Borrower eubject to approvei by Lender;provided,that suah app
<br /> � shall not bA unreasonably wfthheld. All insurence policies and renewals thereof shell be fn a form acceptable to Lender and shelt includo e �
<br /> standerd mortgepe clauae In favor of end in a form acceptable to Lender. Lender shall have the right to ho�d the policies and renewats thereof, _. ,
<br /> �� subJect to the terms of any mortgage,deed of trust or other security agreement with a Ilen wh�h has priority over this Deed of Trust. -- _ _
<br /> In the event of{oas,B�rrower shali give Prompt notice to the insurance carrier and lendor. Lendor may make proof of lose if not mada —
<br />_= promptiy by Borcower. �:,���� -
<br /> If the Property is ebandoned by Borrower,or if Borrowor faile to reapond to Lender within 30 day8 from the dete notice fa me�led by � �
<br /> Lender to Borrower that the insuranco cerrier offers to settle a cialm for insurance benefits, Lender Is authorized to collect and applY ihe :-i,
<br /> insurance proceeds at Lenders option afther to restoratfon or repnfr of the Property or to the sums secured by this Deed of Trust. _
<br /> kee the '�
<br /> 8. Pmervation and Matntenence of Propsrty; Leessho�d; Condominiums: Pienmd Unit D�vdopm�nts. Borrower shall P `. '` _ �t� .;;w
<br /> Property In good repair and ehall not commit waste or permit Impairment or deterioration of the Property and ehali comply with the proviefon9 of , ��;
<br /> any lease if thia Deed of Trust Is on a leasehold. If this Deed of Truut is on o unit in a condominium or a plannAd unft development, Borrower , .;.�::::.-
<br /> sholl perform all of Borrower's obligations under tho declaration or covenams creating or goveming the condominium or plamad unit • ���;.,.�.�.�c.`.
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<br /> development, the by-lews and regulations of the condominium or planned unit development,and conatituent do App 1J 8 00108•98-0006 1 '�".'•• ;
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<br /> Initlels:� Imt�ols: Initiols:
<br /> Initiel� "
<br /> - NEBRASKA-Second Mort agu� tl80�FNMAlFHLMC UNIFORM INSTRUMENT•Form 3828 lPnge 2 of 61
<br /> � Loun fno/D�rQ��t4 �NE DEED Capyripht Ici 1994 _,"
<br /> Menagement Systems Development,Inc. 18001 984•6080 -
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