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<br /> ' �� ' � � J�SS F�RQA �Q�� s1 101824 02/27/1998 ;; • _-:-;� •
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<br /> � • Ut�ORM CoVE�ANTS. Borrower and Lender covenant and agree as follows: ��d�������� ,
<br /> • l. Pgyment of Prindpal snd 1�- Bo�� � pm�Pdy pay when due the principal and mre�st . _ ....
<br /> � ' indeb:edness evidenced by the Note and late char8es as Pmvided in the I�tote. � •
<br /> . .� . .a • Z.Fun�for Tax�and Insurence. Subjecc co applicable law or a wriuen waiver by Lender.Boirower shall pay to . ,.-,'t:� _
<br /> , • � ti Lender on the day mnnthiy Paymenis af principal and iraeresc aie payable under the Note.m�til the Note is paid in full.a - .. } ` s ,
<br /> ae cm ntc CO�OIIIlrilllfll 2lid p13�llIIlt ��
<br /> svm(6erein�Fands')Wual to one-twelfth of the yearty taxes aad .�—��C�l�nB und lents on the PropertY• if
<br /> �. devetopmeat ass��smeats.if anY)which may aaaiw priority over this Deed of Tn�sc.aad Sm .
<br /> . . . any.plus one-twetfth of yearly premium installmems for t�rd insuiance.Plus one-twelfth of yeaziy piemiun►iastallm�^r�
<br /> , for mortgage ins�uance. if any. all as reasona6ly espmated imtially and from rime to time by Lender on the f'�of •
<br />-s.` , � � � • � assessments and bills�Bormwer malces such Pa�Ymems to the holder of a pri o�$e or�deed of fuust i� ' s�ch hoider . .
<br /> ' • ` - ; to I�nder m the extent ---_ �-- .
<br /> - - .— � -- ` � is an imtitational lender. - t - -
<br /> 1f Horrower pays F�mds to Lender. the Fimds si�all be hetd in an insdturion the deposis or accoums of which are ,. -
<br /> � � ins�red or guatanteed by a Fedezal or state agency('mctudinS Lender if Lendtr is snch an insdturion). Ixnder shall apply ,, ,
<br /> � �eminms and graand renfs.I.euder may nnt�e for so holding and
<br /> • < the Funds to paY said raaes.assessments. p said assessmer3s and hills, unle�T.eatter Pays •- . . -:
<br /> - � appiying the Fnnds,a�oa11►�8 s�acconm or ve�ifying and compilin8 , '
<br /> ' � • Bosmwer inteiest on the Funds and applicable taw permits Leader to make sac6 a cbar8e.Borrower aad I�nder maY agree � ;
<br /> '` ' " in writing at the time of ex�on of this Deed of Tiust tl�at iuterest on the Fnnds sbaU 6e paid to Borrower.and msless 4:; • ;. r.,_
<br /> � � � `� � requires such interesc w be paid,Lender shali not be required co pay Borrower ,.��:
<br /> } �s made or licable law .,.�,°
<br /> �' inte�or eamings on the Funds. Lender shall 8ive to Bomnwer.without charge.an annual accoimiing of the Fwnds �.--
<br /> i": showing credits and debits w the Funds and d►e purpose for which each debic to the F�d,s was made. The Funds are ';:=�.�..>.
<br /> ,. � . . � ptedged as addidonal secucity for the sums secured by this Deed of Trasi. . ' _
<br /> ' If the am�unt of the Funds held by Lender,wgether with the future mo�h1Y installments of Funds PaYab�e Pa°�id • .'' -
<br /> - , � , the dne daces of taxes,assessme�s.insuiance Premiams and gcound rents.shaYl e x c e e d t h e a m o u n t r e q u i r e d P Y _
<br /> rents as fall dne, such excess shall be, at Bomnwer's option. ": '� _
<br /> -_ . . . taaes. assessments,insuian�Plemiu�s and ground d�Y �-.` .� �'
<br /> .s� w Hoirower os credited w Boimarer om m�athty instaltmeats af Funds. If the amount of the Funds '.;;:'�'-
<br /> 5:-. � ' eidrer pmmptlY re�d ��p�miums and ground rents as d+ey fall due. �.
<br /> . . held by Lender shsll not be sufficient to pay taxes,asses�ments. as Ixnder may s
<br /> ,',. , to make up the def cienc}r ia one or more payments .
<br /> er shall to L.ender any amount necessary _F�.-=
<br /> . Borrow paY
<br /> = . �� ` ,,,.<:
<br />� : Upon payment in fnll of all sums secured by this Dced of Tnist.I.endet sLall prompdy refund w Boirower any Fu�cls , '�:����'._
<br /> b LPnder.I.en�er ' ''��-�
<br /> ' h 17 hereof the Prapeny is sald or the PmpertY is otheiwise ac4uired Y I.e �er ':•, .�
<br /> held by Lettder•If under P�S�P F held lsy -_F
<br /> ,�', . � . �agplY. no later tban immediately prior to the sale of the Propercy or its acquisidon by Leader,anY wWs - . _
<br /> .�,�-`.
<br /> •1 � ' . Leader at the time of agplicatioa as a credit against the soms secuied by this Deed of Ttast. �cetved by ixnder under d�e °�°'''�
<br /> 3.Appllaatton of Fayments. Untess applicabte law pmvides atheiwise.a11 paYments .;�.�'
<br /> of amounts P3Yab • '��,•.�..
<br /> („ Note and parag�ap Hed b Lender first in payment 2e to Lender by Bomnwer �r
<br /> hs 1 and Z heieof shalI be aPP Y ` � �`M':°==.
<br /> 3�� . . . , undet patagraPh 2 hereof.Wea w interest payable on the Note.aad ttren to the PrinciPal of the Note. , ;�;:.
<br /> re,t ....cr,;.�
<br /> ' 4. Frtor Mortgages and D�of Tn�st, Chat�es: Idea9. Borrower shaU perform sU of Borrower's obligarioas . �y��;
<br /> ' � '� under auy mortgage. deed of mLSt or other sec�rity agreemens with a lien wluch has priority over dtis Deed of Tn�st. . . .,`.7__
<br /> �- including Bosmwer's coveaants to malce payments when due.Borrower sha11 pay ar cause to be paid all tases.asses�nents '.. . ,•�'
<br /> aad other sharSes.Snes and im�pOSitions aaributable w the Property which may attain a priority aver this Deed of Trast, • . :-
<br /> ;.. ;,:A�
<br /> ;• and leasehold payments or gmund rents.if auy. ' ��`F�
<br /> g� Hemrd Insmsuce. Bormwer shall keep the imPmvemems now existing or heseafter erected on the Ptoperty :�;.��Y
<br /> insured agaia5t loss by fue.t�rds included witLin the term"extended coverage".and such other ba�srds as Lender may � , ,.�.,
<br /> - •. reqaire and in sucL amoants and for snch periods as Lender may require. .. ;3.
<br /> - The iasuian.ce c�ier provlding the iasutance shall be chosen by Borrower subject to appmval by Leuder;prrnnded. t;.';�;�...
<br /> : , that such appmval sha11 not be unreasonably withheld. All ins'urance policies aad�,roewals thereof sha11 be in a fotm . . .: n-
<br />•':;� � ... � acceptable to Lender and s1�a11 inclade a standard mortgage clause in favor of and in a form accepiable to Lender. Lender . '�z�.-
<br /> shall have the right to hold the policies and renewals tl�ereof.subject to the terms af any mortgage.deed of uust or other ,,-,_
<br /> �•` ' ' � security agreement with a lien which has pdority aver this Deed of Tmst. •::.:'�.
<br /> �'y' ' . ��� In the event of toss. Borrower shall give prompt nudce to the insvrancc carrier and lxndec. Lende��y�e proof - .
<br /> �� � of toss if not made prompdy by Borrower. � '.
<br /> � If the Propetty is abandoned by Bonower. or if Horrower fails to respond to Lender within 30 days fmm the date :
<br /> 1 nodce is mailed by Lender to Boaower that the insurance carrier offers to settle a claim for insurance benefits.Ixnder is .. .? . .
<br /> � ; suthorized to wllect and apply the insurance praceeds at Lencler's apdon either w restoradon or repair of the Property or
<br /> ' to the sums secured by this Deed of Tnist.
<br /> ;:.'� 6. preservation and Maintenance of Ptoperty; l.easeliolds; Condominlwms: Flanne� Udt Devetopmeats.
<br /> ,+. � Hormwet sha11 keep the Property in good repair and shall not comwit waste or peimit impairment or deteiioratton of the
<br /> , � p�pe�yr�nd shaU comply with the provis4ons of any lease if chis Deed of Tiust is on a leasehold. If this Deed of Tnist is . . .
<br /> shaU
<br /> '��� on a utnt in a coadominium or a planned unit development.Bonower shall perform all of Bonower's obligaaons under the __
<br /> . ' � declaration or crnenants creating or governing che condominium or planned unit development,the by-laws aad regWations .
<br /> ` • of the condaminium or P�anned uni�development,and constituent documents. f
<br /> ' ?, Protectioa of l.ender's SeeuritY• if Bonower fails tv petform the covenants antl agreements wnta�ned�o this .
<br /> -��',�. Deed of Ttust,or if any acpon or proceeding is commenced which materially affects I.ender's interest in the Property,then � , . '
<br /> Lender. at Lender's op6on. npon notice to Bonower. may make suc1� appearances, disburse such sums. including
<br /> reasonable attomeys' fees,and take such acrion as is necessary to protect Lender's interest. lf Lender required mortgage �
<br /> � ' {t�vrAnce as a condition of making the Ioan secured by this Deed of Trust. Borrower sball pay the premiwns rWuiFed to � .
<br /> ` maintain such insnrance in effect until sucL time as the requilement for such insutance terminates in acc°rda°se with �
<br /> ��'. Borrower's and Lender�s aritten agreement or applicable law. n�.���nterest thereon,at the Nate rate.sball become �
<br /> ,� � pn}r amounts disbursed by Lender pursuant to tlris paragrap ° .
<br /> additional indebtedness of Horrower secured by this Deed of Trust. Unless Borrower and Lender�gtee��of. Noth'in� �
<br /> �, pay��� ��b amouats shall be payable upon noti�;e from L.ender to Boaower requesting pay i �
<br /> ' contained in t6is paragraQh 7 stlall require Leuder to incur any eapense or take any acdon hereuuder. ,
<br /> . � g, inapecNon. Lender may malce or cause to be made reasonable entties upon and insQections of the Property. i
<br /> . � ,� provided that ixader shall give Borrower nndce prior to any svch inspecdon specifying reasonable cause therefor related to a
<br /> ' ' � � ixnder's interest in the Property. ` '
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<br /> � ' Nehraska 26876-4 Ir98 Or4giaal(Recorde�) CopY(BSanch) COpy(Ct19tOm0t� Page 2 of 5 �
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