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<br /> , �� UI3IFORM COVENANTS.Borrower and Lender covenant ar.d agree ss follows: —
<br /> 1. paymeat of Prinelp�l and Inieres¢.Borrower shall promptly pay whcn due the principal and i�nerest indebtedness evidenced by ";•�,l
<br />. � the Note and late charges as pmvidcd in the Note. � ` ' . • �
<br /> 2. Fands tor T�es and Insvrance.Subject to applicable law or a wntten waiver by Lender,Borrewer shall pay to Les�dcr on the , �=•-
<br /> day monthly payments of principal and interest are payable under the Note,until the Note is paid in full,a sum(herem"Funds")equal to one- ,. � � .� �
<br /> rNeifth of tfie yearly taxes and assessmenu(inctuding condaminium and Planned unit development assesssments.if any), which may attain ���-
<br /> priority over this Deed of 7'mst,and gound rents on the Property,if any,plus one-twelfth of yearly premium installments for hazard insurance. • ` .?• �
<br /> plus one-tweltth of yearly premium installments for nt�rtgage insurance,if any,all as reasonab}y estimated initially and from ame to ume by R ' '
<br /> � Lender on the basis of ass�ments and biils and reasonable esrimates thereo4:Borrower shall not be obligated to mak�such payments of Funds . ��"`
<br /> to Lender to the actent that Borrower makes sucfi paymenu to th�:holder of a prior mortgage or deed of trust if such holder is an tnstitutional � - • ,� ,y'�;._x,�,
<br /> " :_' tender. - -.. -- ------- -
<br /> If Borrower pays Funds to Lender,the Funds shall be held'en an instit¢tion the depasits or accounts of which are insured or guazanteed •. .
<br /> . . by a Federal or state agency(including Lender if Lender is such an institutian).Lender shall apply the Funds m pay sxid taxes,asses.,ments, .
<br /> 3Z^�`.uance premiums and ground renu.Lender may not charge for so holding and applying the Funds,anaJyang said account or verifying and � � � : � _-
<br /> compiling said assessments and bills,unless Lender pays Borrower interest on t6e Funds and applipble law permits Lender ro make such a • � � �
<br /> charge.Borroc�er and Lender may agree in writing at the time of exerution of this Deed of Tnist that interest on the Funds shall be paid to �, � �.� �::�L;-�{�.�
<br /> Botrower,�ced unless such agrexmeat is made or applicable law requins such interest to be paid,Lender shall not be mquired to pay Borrower ! • _,�' �
<br /> �y interest or eaznings on the Fr,�ds.Lender shall give to B�rawer,without charge,an annual accoimting of the Funds showing cr�d'u and E • • . <- '•.
<br /> .-�.zbits to the Funds and the p��e for which each de6it r�thz Funds was made-The Funds aze pledged ac additional securiry for the sums "-'�-.,���.___� �..-
<br /> �
<br />, ; secured by this Deed of Tnut. . ``�''"g; ,
<br />. If the amount of the Ftimds hefd by Lender,together tvith the fuwre monthly installments of Fimds payable prior to the due dates of , . r,,,..'�`� �;�
<br /> taxes,assessments,insurance premiums and gn��d renss.shall exceed the amount required to gay said taz:es,assessments.insurance Premiums .. . -
<br /> �� and ground rents as they fafl due,such excess si�ll be,ai Borrowefs option,either prompUy repaid to BoTrower or c►edited to Borrowec sn �, • . __
<br /> �nontlily iastallments of Fnnds.If the amoimt of the Funds held by Leader shall not be sufficient to pay taxes,assessments,insurance premiums � _.
<br /> and ground mnts as they fall due,Borrower shatl pay to Lender any amount necess�y to make up tbe deficiency in one or more payments as " `'-'`��,-.
<br /> • Lendtr may require. . � �•:
<br /> U�aa P3Yment in full of all aims se�ued by this Deed of Tnut,I.�d�shall prompdy refimd to�u�auwer any Fur�c3s held by Lender. _� "•��:..'-,''--'
<br />� . If�cnder para�.^*�--.�i'�17 hereof the Property is sald or the Property is otherwise acquired by I.ender,Lenda shall apply,no tazer than iimnedi�z3y . • ¢' � '� ' •>
<br /> prior to the sz;e of the Property or its acquisition by Lender,any Funds held by Lender at the tane of application us a credit against the s�s •,. _= �� ��
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<br /> securedbythisDeedofTn�st. "-"'' :�'��;
<br /> `. 3. Appllsattan of Payments Unless sppliexble law provida othervvise,all �payrnznis received by I.ender im��r the�o�and '•�,-- . �,.
<br /> �$ , pazageaphs 1 and 2 hereof shall be applied by Lender first in payment of amounu payable to l.ea3er by Bormaxr under para�aph 2 hereof,thzn ,,�;�;;:�; R.�,,.
<br /> to interest payable on the Note,and then to the principal of the Note. '"'`•��
<br /> 4. Prlor Mortgages�nd Deeds of Tras�Chuges Ltena Borrower shall perfo:m all of Borrov.z�s obligations�mder any mortgase, ��,- "'? •
<br /> deed of trust or other saauity agreement with a lien w#uc2�bas priority over this Deed o�Tmst,including Borrowe�s ccvtnants to make ";;;"• • ;: _
<br /> '" '• �4�nents when due.Borrower shall pay or cause w be pai3 all taxes,assesstnents and other charges,fines and imposidor.s�butable to the ;'�:..:�:� ' � '; :
<br /> � a�-,operty which may amu�o priority over this Deed of Tnis�t,�d leasehold payments or ground rents,if any. � t --
<br /> , �:.• atta . .
<br /> �I n s n r�a ce.B o r r o w e r s h a l l k t h e' v e m e n t s n o w e x i s t i n g o r h e r e a ft e r e r e c t e d o n t h e P r o p e rt y i n s a r e d a g a i n s t l o s s �`..1�.•` . .
<br /> � S. eeP unPro _ :. ,:g,,�.�.�,
<br /> � , by fue,ha�ar".��ciuded wit�iw the tertn"extended coverage",and such odazr harards as Lender may require and in such amounb and for sz:4 t
<br />. � . :;. Periods as Lender may requ�a �
<br /> . 'f h e¢�s w a n c e c az ri��o v i d i n g t h e i n s i u a n c e s h a l l b e c h o s e n b y B o t r o w e r s u b j e c t t o a p p rov a l b y L e nder,provid e d,that such a p proval '`,.: , �f�,. �..
<br /> ' shall aat bz imreasoaably wi"�ald All insurance policies and reneavals thereof shall be ui a form acceppble to Lender and shall include a ' : ,
<br /> standard mortgage clause in favor of and in a foan acceptab2e W Lender.I.ender shall have the right ro ho2d the policies an d renetivals th�eof, ►. 'a`
<br /> subjea to the terms of any mortgage,deEd of�vst or other securiry agreement with a lien which has priority over this Deed of Tntst _ ' ( . �a
<br /> !n the event of loss,Borrower sha11 y-��prompt notice to the insurance carrier and Lender.Lender may make proof of loss if no:rw3: r��� '% '�
<br /> -r• �,
<br /> pmmpdy by Boaotver. .. '.''�""�-�: � .. .,=s�� -
<br /> ' . If the Propecty is abandoned by Borrower,cr if�D*fower fa�'ls to�espond to Lender within 30 days from the daze notice is mailed by •� ^� �_ '•�a�'. �
<br /> i:,;nder to Borrower that the insurance cartier offers to s�^:�a claim for insurance benefits, lxndu is authorized to coilect and apply the •`�"'�'"�
<br /> ��s�: .,:=.,.-
<br /> � ir:surance praceeds at Lendei's option either w rescorntion or:epair of the Proqerty or to the sums secured by this Deed of Trust .r���.::'� .,-==-
<br /> 6. Preserva4ton and Malntenauce oi Property;LR�seholds;�domintam�Pianned Unit DeveWpments.Banower shall 8xz� '"�i
<br /> i the Praperry i�good repair and shall not ec:Lnii waste or permit impair..:s,�nt or deteriorarion of the Praperty and shall comply arith fne -. _--
<br /> � ` prov9sions of any tease if this Deed of 7lrust is on a leaseho2d.If tdis Deed of 7tust is on a unit in a condominium or a planned unit development, ,�-��--�=; -�
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<br /> '. Sarrower shatl perform ell of Bo.Trowefs obligarions under the declararion or wvenanu a°��^g or goveming the condominium or planned unit !,,�: _ ___
<br /> •� � deve2opment,the by-taws and regutations of the condominium or planned unit development,��3 consrotuent docwnents. '?4.�Y ��".��
<br /> .' ?. Protecf3oa of Lender'e Serar��_If Bmrower fails to perform the oovenanb and agreements contained in this Deed of Tnist,or if ���t,� •�'�` �� � —
<br /> ' ' ' n n y a c t i o n o r p r o c e e di n g is eommeneed whi�r�cateriall y affecta I.endet's interest in the Properry,then Lender,at Lende�s option,upon notio�r.� �`�'��-,��
<br /> `�+=,`'i. Borrower,may make such appes�rances,disbase wch sun�s,including reasonable attomeys'fees,and take s:ch action ns is necessary�to�m�i � � -��_-�-,�
<br /> • ` } Lende�'s interest.If Lender required mortgage insurancc as a wndition of making the loan se��ed by this Deed of Tmst,Borrower shall pa��ne �,,�.�ti ,�••.- � � _
<br /> • premiums requind to maintain such insurance in effect unti]such time as the requiteme�a��r sucb insarence tertninates in accordance with < •; ' ,..�. ,., � ,�`
<br /> ' Barrower's and I.endefs written ageement or applicable law. '� `'�'",""�::a"�- ---
<br /> ' � ;y;;,�, Any amounts disbursed by Ler.der pursuant to this pazagraph 7,with interest thereon.at the Note rate,shall become add'r�:,_.�I -��$���-;,��.�,- {—
<br /> >;:�6� indebtedness of Borrower secured by this Dec�of Trust Unless Borrower and Lender agree to other terr�cf payment,such arrtounts s�!b: ���..-��
<br /> paya6le upan norice from Lender to 0orrower requesting paymeat thereof.Nothing contained in this paragraph 7 aha11 require Lender to=�Qa .i . �
<br /> �Y�Pense or take any acrie��ereunder. ,.'� .s,.•..; •�, .'��#;',� . ;
<br /> • 8. inspcctlon.Len�er may make or cause to be made reasonable entries upon�:d inspeetians of the Ptops:rty,pnevided that Lender . � _;;,._,.
<br /> � shall give Borrower no6ce prior to any such ins�ection spec:�jti�g reasonabte caiue therefor related to Lenders interest in t1:s Property. . .,.,y:.,:W.:,,:•::.�'�,.
<br /> 9. Condemnatloa.'Ihe procee3s of eny award or claim for damages,direct or consequenrial,in eo��ction with any condetnnation or . ���: �._
<br /> other taking of the Property,or part therec�.�r+for conve�rz•.se in lieu of cond:mnarion,are hereby assign.��3 shall be puid w Lender,subject •���'''��!�:;:� .: ,
<br /> ' to the tertns of any mortgage,deed of hust c-:r_3er sec �. Fgreement with a lien which has priority over t.�is Deed of Trust �''":';�•. . —
<br /> . 10. Borrower Not RPteased; For6earance Ey �nder Not a Waiver. Extension of the time for payment or modification of . . �
<br /> amortization of the sums secured by this Dced of Trust ganted by Lender to any successor in interest of Bonower shall not operate to release,in � : '
<br /> any manner.the liability of the original6orrower and Botrower's successors in � � �
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<br />: j NEBItASKA-SECOND MORTGAGE-1/80 FNMA/FHLMC[JNIFOIiM IN�TRiJME eagc 2 of 4 Form 3828 �. . � _�--
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