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<br /> . � TO SECURE to Lendar the repaymert of the indetrtedness eviCe�ced Oy Borrowers rtote dated Maceh 02.1998 ,, . .
<br /> • � and e�ctenstons and renewals thereof(herein'Note'), i»the pdncipai sum af U.S. 93bA�0.00 ,with irrterest theceoTM provid'we tor
<br /> � ` � .� �' manUily inste4merns of pdncipal and interest,with the batance of the indebtedness,if not sooner paid,due and payab►e on � ° , _
<br /> ` , March Ob.?A23 : the paymern o!all other s�m�s,witi�irrcerest thereon,advanced in accordance here�vith to pmtect the seewity � '
<br /> ' -:.;,.�r-, oi this Deed of Tn� and ths performance ot the covenants and agreements of Bortower herein corrtained. : ���;`
<br /> < . ` Bonower r.ovenants that Borrower is lawfully seised of tha estate hereby comreyed and has the�ight to grant and convey the Property, �-� . �::•., . _
<br /> - . -•� and that the Ptvperry is unencumbered except tor encum6rances of record except far a Gen grarrted by Bartower to Coritractor and AereLy
<br /> • • �` • a4signed by Cort[raetor ta Lendet. Sorrowar covenarsts that Borrawar warrants and wiU detend generaily the tiUe to the Property against aU •
<br /> claims and demands,subject to encumbrances of record. ___
<br /> ' . �_ ••
<br /> tlNIFORM CaVENANTS. Bortower and Lsnder covenartt and agrea as foltows: ��. .
<br />. .. ' � . . ' `'L.�.
<br /> .:. � �• . 1. Paymem at Pefnctpal and hrterest. Bortower sfiall promptly pay when due the principal and'mterest indebtedness evidenced by the � _
<br /> -, Note and late charges as provided in the Nots. .z�• '�•%�s"�=�'<
<br /> . . . , t•..- _� ..
<br /> • � �� - 2. Funds tor Texes and Insurance. Subject to ap�licabie law or a written waiver by Lender,Borrower sF�aO pay to Lendet on the day ��=-�.
<br /> , monthTy peymeitts ot principal and iMerest ara payabla under the Note,�mtfl the Note is paid in tull,a s�un(herein'Wnds')e4ua1 to ona-iwelfth �.,":__
<br /> _ `` of the yeady taxes and assessmerts(inc►uding condominium and ptarmed unit davelopmert assessme�,if arry)whtcA may attatn pdorily over - --__
<br /> ' this Oeed of Ttust, and ground rents on the Property, if any, ptus one-twetith of yeariy ptemium instaflmems for dazard insurance, plus �r,- '.' - �-
<br /> _ one-tweffth of yearty premium instalimeins for mortgage insurance,if any,a0 as reasonab[y esdmated initiatty and from Ume to tlme by tender . . .
<br /> � an tha 6asis of assessments and biits and reasonabte estimates thereof. Bortower shali not be obtigated to make sucb paymentB of Funds to �• s..;a;,'=—
<br /> � Lender to the extent that Borrawer makes such paymerrts to ttfe holder of a prior mortgage or deed ot trust if such(�older is an instituUonal
<br /> • • . . tender. �;�r��'
<br /> ' If Borrower pays Funds to Lender,the Funds sha0 6e held in an institution the deposita a accounts of which are fnsured ot guarameed -. � .` •-
<br /> , ��� by e tederet or 6tete agen�y(inciuding Lender if Lender is such an insthution}. Lender shail app1Y the Wnds to pay said taxes,assessmertts, . '
<br /> . insurence premiums and ground rents. Lender may not charge for so hotdtng and apytying the Funds,anaty:ing said account or vertiyFng and _ �` 1=
<br /> ' compiting said assessmerts aad bilts,anteas Le�der pays Bartower iMerest on the Fumds appilcabie law permits Lender to make suct�a charge. —
<br /> Bartawer and Lender may agree in writing at the time of execution o!this Dead of T�ust that fctterest on tha Wads shall be paid to 6onower, -- -
<br /> . ' ;� and untess such agreement is made or appiicable law�equires such intetest w be pai0,Lender shafi noi be required to pay 8onower any trttereat � �_.�:•.;-
<br /> •• ' ' ot eamings on the Funds. Lender shail give to 6oROwer,without charge,an annual acco�ting of ffie Funds showing credits and debhs to tha � ' .
<br /><' Funds and the puryose for which each debii to the Funds was made. The Funds are pledged as additianal security for the sums seciaed by t61s << � L��-W
<br />- . . • Deed of Trust. °. __�-
<br /> - ' if the amount of the Funds hetd by the Lendar,together with the future morrthty instaitmetrta of Wnds payable priar ta the dua dates of • � ��----
<br /> � taxes, assesamente, irtsurence premiums and ground �ents, shall exceed the amouot required to Day said taxes,assessmertts, insurertce =-—
<br />- • • premiwns end ground�erts as they tall Que,such excesa shai{be,at Borrowers option, either prompUy�epaid to Boaower or ered'deQ to � ---
<br /> , Bortower on manthly installments of Fvnds. if the amount of the Funds held by LenQer shail not be sutflcient to pay texes,aasessmartta, -v_�
<br /> insurance premiums and ground rerrcs as they fali Que,Borrower shali pay to Lender any amouc�t necessary to make up the Qeffciency in one ar
<br /> • �, mare paymeMs as Lender may requite. ��%.:_
<br /> , ; ,{� Upon payment in fuil of ail sums secured by this Deed ot Trust,Lender shail promptly retand to Bortower arty Funds hetd 6y Lender. V-�-�,
<br /> � . . ; If under paragraph 17 hereof the Property is soid ot the Property is otherwise acquired by Lender,Lender shatl appiy,no later than immadiately � �
<br /> .',• . prior to the sale of the Property or its acquisitian by Lender,any tunds hetd by Lender at the tima ot appiication as a credit against the sums ,�;��
<br /> � , 1�� secured by this Deed of Trost. �.. . : _—
<br />�"�� � � � ��� 3. AppOaattoa of Paymetns. Uniess applicable Iaw providea otherwise, a!I payments received by Lender under the Note and ' . ;;�^�
<br /> paragraphs 1 and 2 hereof shail be applied 6y Lender tirst in payment ot amounts payabte to Lender by Bonower under paragraph 2 hereof,then i k�;-'•`-_
<br /> to interest payabte on the Note,and then to the princiDal of the Note.
<br /> . . ��T
<br /> : �.. .
<br /> 4. Priar MoRgages end Deeda oi Trost;Chargea;Ltens. Borrower shall pertorm ail of Borrower's o4ltgations unQer any moRgage, • .. . .,�__`
<br /> • Qeed of trust or other security agreement with a Uen which has priority over this Deed of Trust, inctuding Borcowar's covenanta to make . � :
<br /> . . '• paymenta when due. Bor�ower shalt pay or cause to be paiA a)1 taxes,assessments and other charges,finea and impositlons attributabte to the . � ' ' "'
<br />. � Property which may attain e p:lority over thls Oeed of Trust,and leasehotd payments or ground rents,(f any. � �� � ��T
<br /> . , � _._
<br />' � , 5. Hazerd Ins�uanee. Borrower shall keep ffie improvemerts rtow exist(ng or hereafter ereated on the Property insured agatnst Iosa by � � °. '�.T
<br /> " fire,hazards includad within the torm'extendeA coverage,'and such other ha:ards as�Lender may reqaire and in such emounta tot such periods �� �. .
<br /> � �t as Lender may require. .: - _ �'=1
<br /> The Insurance cartler provlding tne insurance shali 6e chasen by Borrower subject to approval by Lender;provided,that euCh epproval �
<br /> ° • , � `� ahnN nat be unreasonabiy witnhetd. Ai{insurance poticies aM renewats thereof shatl be in a torm acceptabte to Lender end aheli Inelude 8 "; . - .
<br /> standard mortgage ctause in tavor ot and in a torm acceptabte to lender. I.ender shail have the tlght to hotd the policias and renewata thereof,
<br /> ` subjeCt to the terms of any mortgage,deed ot trust or other ascurity agreement with a lien which has prlority over this Oaed of Trust. • . :
<br />_ In the everrt of loss,Borrower shall give prompt notice to the insurance carrier and lender. Lender may make proof of loss it not made ° . ' ' .
<br />` �'j. _ , � . promptty by Borrower. .: '� .
<br /> , - t It the Property is abandoned by Borrower,or if Borrower falis to raspond to Lender wRhin 30 days from the date notice la mailed by
<br /> Lender to Barrowar that the msuranca carrier oftera to aettte a claim for insurance beneHt9, Lendet ia authorized to collect and appty the • � `
<br /> • Insurance proceeds at Lenders optlon either to restoration or repair of the Property or to the 8ums secured by thls Deed ot Trust. , '
<br /> - � 8. Preservatian and Maintenance ot Ptoperty: Leasehoid: Condomtniums; Pfanned Unk Oovatopmerta Bortower ahall keep tha � ' •
<br /> � � Property in good repair and ahall no!commit waste or permit impalrment or deterioration o}the Property and shail compty with the proWSions o1 ' ' '. ' . • '
<br /> any tease it this Deed of Trust is on a teasehotd. If this Deed of Trust ls on a unit in a condaminium or a planned unit davetopmenL Borrawer , �
<br /> � ehall pertorm all of Borrower's obtigaUons under the deciaration or covenants creating ar governing the condaminium or ptanneA unit �
<br /> • devefopment,the bylaws and regulations of the condominium or planned unit devetopment,and constituent document9. . • ' '
<br /> ` . �, App N CMt•9&980C238 � •
<br />� ., �(OlUp19:�_ IM.ia19:� Initiats: InitiB�S: ' '. �
<br /> . NEBHASKA-SeconQ Mongapo-1�80•FNMArFHLMC UNiFORM INSTRUMENT•Form 3848 (Pone 2 of 51 � '. . ' '
<br /> ' � Management Systems Develooment,inc. I800)984�6080 Lann Enerylzor.�"' ANE DEED Copydght lcl 1994 . .
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