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<br /> � ' � TO SECURE to Ixnder the repay�ment of the iudebtedness evidenced by Borrower's note dated � = ? '` �
<br />_ . ' 1 !: ,. . . -
<br /> • . . � MARCH 3. 19 9 S and extensions and renewals thereof(herein °Note'), �: <F � .
<br /> . - ." < �•.� in the principal sum of U.S.$ 15.Q00.OQ .with intecest thereon. pmviding for ` : :.
<br /> _ � . � monthly installmffits of principal �d'mterest,with the balance of the indebtedness. ifnot saoaer paid,due snd payable .� .;, �� .
<br /> ° .. .� o� MARCH 9, 2 O 1 S ;the payment of a!1 otber sums,with interesc [hereon, advanced • , �
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<br /> , , ia accordance herewith to pmtect the security of this Deed of Tn�sr, and the perform�w oi'thc c�v�nt� an3 �-----.— .
<br /> : • ; ageements of Barrower herein wntained. i . •
<br /> `� Borrower wvenanu that Borrower is lawfulty seised of the estate heteby conveyed and has the right to grant and f:
<br />_,:. � ! ' _ �� .
<br /> ' ' oonvey the Pmperty. and that the Property is unencumbered. except for eacumbraaces of record. Bomawer covenanu i .�
<br /> � � �t that Borrower warrants and w�71 defend geaerally the [iQe to the Property against all claims and demands. suhject co � , �_�`
<br /> _� _ encumbrances of record. �� ` �_� -_
<br /> � � �? OMFORM COVENAN7'S. Borrower aad Lenaer oovenant and agree as foUows: F � �
<br /> � ` . 1 1. Pdy�sat of Principal �d Inie�st. Borrower shall P��P�Y PaY when due the principal and iaterest ° ` ' `
<br /> 'r:. . . , • .
<br /> indebtedness evidenced by the Note and late charges as provided in the Note. ..
<br />��' � .� 2. F�ds[or Taxes�d Ias�aace. Subjecx to applicable law or a written waiver by i.ender, Borrower shall pay : � .
<br /> n� � • to Lender on the day monthIy paymenu of principal and interest a:e payable tmder the Note, until the Note is paid . :� .,.. �.
<br /> -�; � in full,a sam qierein 'Funds')equal to one-twelfth of the yearly taxes and assessments (including condominium and ��:: � . •.
<br />'',:`. planned uait development assessmeau, if any)whict►maY attain priority over this Deed of Tmst and grovnd rents on s_ .. :
<br /> �, i � mcnran�s Plus one-twelfth of yearIy . � '°';.:-
<br /> the Property, if any,plus one-twelfth of yearly premium instalLnents for hazard '
<br /> ,. ` � premium iastallments for mortgage inso:ance, if any,ali as reasoaably estimated initially and from time to tiate by ;,.�, ::.
<br /> �'. .� . •
<br /> ,� . Lender on the basis of ass�ts and biUs and reasoaable estimates thereaf. Borrower shall not be obligated to ;� _
<br /> �' • make such payments of Funds to I.ender to tHe e�aent that Bormwer makes sach paytnenu to the holder of a prior , .
<br /> �f. � `.�. -,,-
<br /> �=. mor[gage or deed of uust if surh holder is an institutional lender. _ ��• .:
<br /> -s�. . . :,... .. .
<br /> �j If Borrower pays Funds to Leader,the Fimds shaU be held in an institution the deposits or accounts of which are .,.�
<br /> �'� guaraa age�'(includin _ - '�� ---
<br /> _.� insured ar teed by a Federal or state g Lender if l.eader is such an instiwtion). Lender shall
<br />,i'' <� appiy the Funds to pay said taxes,assessments, insurance preminms and�round rents. Leuder may not charge for so .- ---
<br />:7: `�-. ` rifyin8 mP g
<br /> -;.. • holding a.�.3 applying the Fuads, a�alyzing said aocount or ve aad co ilin said assessments and biUs,unless _ LL--
<br /> -��• � , Lender pays Borrower interest on the Funds and applicable law permiu Lender to make such a cl�arge. Borrower and � �! .
<br /> ",ir_` Lxnder may agree in writing at the time of eaecution of this Deed of Tnist thaz inteiest oa the Funds shall be paid ,,�,�.,�
<br />;�t � - to Borra�r. aad unless such agreement is made or applicable law requires such interest to be paid,Lender shaU not ,_�_.�. _. �.
<br /> '< • ' • be req�a�ed to pay Bormwer any interest or earnings on the Funds. I.ender shall grve to Borrower. without charge. •'.•`�'`.• ;.'.��°=
<br /> •?'� ' aa ann�z] accounting of the Fuads showing crediss and dehits to the Funds and the piupose for whicb each debit to t- � ,�.:�.��*'�::=
<br /> the Funds was made. T6e Funds are pledged as additional security for t�e sums se�ared by tlus Deed of Tmst. �f;'"�
<br /> � � If the amount of the F�mds held by Lender, tcgether with the future monthly installments of Funds payable prior • . �.,�;,�;�_
<br /> ,,:. .
<br /> � to the due dates of taaes.assessments, insurance premiums and ground renu,shail exceed t6e amouat required to pay : - -.-'�::
<br /> .''' said taxes, assessments, insuraace pmmiusas and ground renu as they fall due, such excess shall be,at Borrower's ',:'�•��
<br />_ . f,. � option,either prompily repaid tv Bonower or credited to Barrower on montWy installments of Funds. If the amo�t � �,�.;,,`�`'
<br /> • of the Funds 6etd by Leader sha11 not be seifficient w pay taxes,assessments, insurance preminms and gmund r�ts : '�� ,•,
<br /> ��:�.' . '".._ as they fall due, Bo:rower shall pay to Lender any amount necessary [o make up the deficiency in oue or more -::�•
<br /> . . paymenu as Ixnder may require. �.�
<br /> ' Upon payment in full of all sums secured by this Deed of Tnist, Leader shall pmmptly refuad to Borrower a�y . ��';:;,-
<br /> .. . •
<br /> Funds held by l.cnder. If under paragraph 17 hereaf the Property is sold or the Properry is othervvise acquired by , - ` •:�=-
<br /> Lender, Lender shall apply,no later than immediately p�ior to the sale of the Property or its acquisition by Lender. . ��^�'
<br /> ... • •<«?��'--.� ��_
<br /> � ., any Fands held by Ixuder at the cime of applicatIon as a credit a�aiast che sums secured by chis Deed of Trust. �. � .
<br /> . ,•� 3. Applicxtion of Pdymeats. Untess applicable law provides otherwise, all paymenu received by Lender under , `����-
<br /> � • j . the Note and paragraphs 1 and 2 hereaf shall be applied by Lender first in payuient of amouats payable to Lender isy .�;`''?�':
<br />`_;;;;_. :, �1 Borrower under paiagraph 2 hereof,then to interest payable on the N�te, and then to the principal of the Note. .
<br /> . '` � 4. Prtor Mortgages �d Oeeds of Trusr,Charges: lde�s• Borrower shall perfonn all of Borrower's obligatioas � .. - ��
<br /> '';-. : , under any mortgage. deed of uust or other seairity agreement with a lien whic6 has priority over this Deed of Trust, . ,
<br /> . • . •• ; including Bortower's covenants to make paymenu afien due. Borrower shall pay or cause to be paid a11 taxes,
<br /> . assessments and other charges,t3nes and impositions attributable to the Pcoperty which may attain a priority over this .
<br /> � Deed of Trust,and leasehold payments or ground rents, if any. . _' ;
<br /> . 5, Har�d Ins�oe. Borrower shaq keep the improvements now existing or hereafter erected on the Properry '. , . .
<br /> � • insured against loss by fire.hazards included within the terta °emended wverage".and such other hazards as Lender • . . '
<br /> ; �,: , may require and in such amounts and for such.periods as l.ender may require. '
<br /> '�. � � . The insurance carrier providing�he Inswance sha11 be chosen by Borrower subject to approval by Lendet;provided, , . .
<br /> . that such approval shall not be uareasonably withhetd. All insurance policies and tenewals thereof shall be in a form . . . . :
<br /> - acceptabte to Lender and shall include a standard morigage clause in favor of aad in a form accepta6le to Lender. .
<br /> �• '•;� , Lender shall have the right to hold the policics and renewals thereof. snbject to the temis of any mongage. deed of . .
<br /> '��::.
<br /> �.., trust or other seturity agreement with a lien which has priority over this Deed of Trust. �
<br /> ]n the event of loss.Bortower shall give prompt notice to the inswance carrier and Lender. Lender may make
<br /> proof af loss if not made promptly by Borrower. �
<br /> � , If the Property is abandoned by Borrower, or if Borrowcr fails to respond to Lender within 30 days from the date ,
<br /> � � notice is mailed by Lender to Borrower tha► the insurance carrier oiPers to settle a claim for insurance benefits, Lender �
<br /> - . � is authoriud to collect and apply the insurance proceeds at Lender's option either to rescoration or repair of the •
<br /> � Property ot to the sums secured by this Ueed of Ttust. . �
<br /> • 6. Preservatton and Maintenanae of Pmperty: l.e�as�olds; Candnminlams; Ptanned Unit Deve2a�ments. . .
<br /> 8onower shali keep the Property in good reQair and shall not commit waste or permit impairment or deterioration '
<br /> of the Properry and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. If this Deed .
<br /> ,y� • NEBRASKA•S6CbND MORTGAGE•1/BIHFNMA/FHLMC UNiFORM INS'f'RUMENT Form 3828 �
<br /> � no.��um sr«�u.iR �am�wu�sa: Page 2 of 5 �
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