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<br /> UNIFORM COVENANTS.Borro�vcr and Lcndcrrovcnunt and agrcc as follows °+
<br /> I I. Puyment of Principal and Intcrest. I3arowcr shall prompdy pay whcn duc thc prroc�pal and mtcresi indcbtedncss evidcnccd by
<br /> thc yo�c und latc chnrgcs as'providcd in thc Notc. ` .
<br /> � Z. Funds for Taxcs and Insurance.Sub�tct to apphcablc luw or a written waivcr by l.cndcr,Elorrow•cr shull puy io l.cndcr on thc �
<br /> day montbly payments of principal and intcrest urc payablc undcr thc Notc,unttl thc Notc is paid in full,a sum(hcrcin"Funds') equul ro onc• .
<br /> 1 twclfth of thc ycnrly taxes and asscssmcnts (including condominium and planncd unit dcvclopmcnt asscssmcnts, if any), o•hfch may uttam �
<br /> prionry ovcr this Dccd ot Trust,and ground rents on ihc Propeny,if any,plus anc-twclRh of ycarly prcm�um mstallments for hv.urd msurancc, `
<br /> ' plus onc-hvclRh of ycarly premium installmcnts for morigagc insurancc,if any,all as rcasonably csnmatcd initially and from limc tcs timc by �
<br /> � Lcndcr on thc bnsis of assessmcnts and bills and reusmablccstimatcs thcrcof.Fiorrowcr shall not bc obl�gatcd to m�kc �ucl� {,aymcnts of funds
<br /> � to Lr.ndcr to thc cxtent thut Barrowcr mnkcs such paymcnts to thc holdcr of a�rior mortgagc or dccd of trust if such holdcr is an institutional
<br /> Icndcr.
<br /> If Borrower pays Funds to Lender,the Fundsshall be held in an institution the deposits or uccounts of which are insured or guaranteed
<br /> by u Federol or stute ogency(including Lendcr if Lrnder is such an institution). Lcnder shull upply the Funds to pay said taxes,assessments, I a
<br /> �nsurancc premiums pnd ground rents.Lcndcr may not chergc for so holding and npplying thc Funds,nnalyzing said nccount or vcrifying and
<br /> � compiling said assessments and b�lls,unless Lcnder pays Borrower interest on the Fwids and upplicnble la�v permits Ler�der to make such a I
<br /> , churge. Bottower nr►d Lender may ngreu in writing at tt�e time of execution of this Qecd of Trust thnt interest on thc Funds shall be paid ta
<br /> Borrower,and unless such ugrcement is mudc or applicable Inw rcquires such intcrest to bc paid,Lcndcr shall not bc rcquired to pay Borrowcr �
<br /> any interest or eatnings on the Funds.Lender shal l give to Borrower,without charge,an annuul accounting of the Funds showing eredits und
<br /> debits to the Funds nnd thc purposc for which each dcbit to thc Funds wes made.Thc Funds nrc plcdgcd as udditional security for thc sums
<br /> secured by this Dccd of Trust. '
<br /> If the amount of the Funds hcld by Lcnder,togc�her with the future monthly instellments of Funds payable prior to the due dntes of
<br /> taxes,�ssessments,insurnnce premiurns nnd ground rents,shall execed the amount required to pay said taxes,assessments,insurance premiums .. :-�.
<br /> and ground rents ns they fall due,such excess shall be, at Bortowers option,either promptly repaid to Burro�ver or credited to Borrawer on
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<br /> � � monthly instnllments of Funds.If thc amount of thc Funds hcld by Lendcr shall not bc su�cicnt to pay taxes,asscssmenis,insumncc prcmiums '.,;��
<br /> and ground rents as thcy full due,Borrower shall pay to Lender any amount necessary to make up the deficiency in one or more payments as �
<br /> Lcnder mny require.
<br /> � Upon payment in fuU of all sums secared by th is Deed of Trust,Lender shall promptly rcfund to Borrowcr any Funds held by Lcndcr. � �..;�"
<br /> I If undcr paragnph 17 hereof the Property is sold or ihe Property is othcnvisc acquired by Lcndcr,Lcnder shaU upply, no later than immcdiutcly � =�_�,_
<br /> j prior to thc sale of thc Property or its ucquisition by Lender, any Funds held by Lendcr at the time of application as a credit against thc sums
<br /> secured by this Dced of Trust. �� ;� s
<br /> � ' 3. Applicatton of Payments. Ualess applicable law provides otherwise, all paymenu received by Lender under the Note and �'
<br /> • I paragraphs 1 and 2 hercof shall bc npplicd by Lcndcr first in payment of amounts payablc to Lcndcr by Bortowcr under paragroph 2 hcrcof,then
<br /> —� t o i n t c r e s t pa yable on the Notc,and then to the principal of the Notc. ��
<br /> 4. Prtor Mortgages and Deeds of Trust;Ch srges;Ltens.Bonowcr s ha l i per fortn u l l o f B o r r o w c r s o b l i g a t i o n s u n d e r n n y m o r t g a g c,
<br /> _ .ti: ,.,�„f�rn�cr includine Bon•owcrs covenants to makc _ .� _� .._
<br /> • - -- deed af trust or other secunty agreemem wi�n u iirn w��ici-�t�� �r�cr:�oec: .°'J--- • , -. —
<br /> � payments when duc.Bortowcr shaU pay or causc ta bc paid all taxes,asscssments and other chargcs, fines nnd impositions nttributable to thc
<br /> Property which may anuin a priority ovcr this Deed of Trust,and Ieasehold payments or ground rents,if nny. ,•. .;
<br /> 5. Hnzard Insunnce.Bortowcr shall kecp the improvements now existing on c�reaitcr crected on the Property insured against loss ; ��i
<br /> ' by fire,hauvds included within the tertn"extended roverage",and such other hezords as Lendcr muy require and in such arnounu and for such :;. , ;
<br /> i periods as Lendcr may rcquira 'tN-`�• ' •
<br /> The insurunce carricr providing the insurancc shall be chosen by Borrowcr subject to approvnl by Lender;provided,th¢t such upprovnl .•;�,. . ;'
<br /> � shall not bc unreasonnbly withhcld. All insurancc policia and renewals thercof shall be in a form c+cceptablc io Lendcr and shnU includc a ,,: "�;: : >� �
<br /> L�h�}� �.� ,_
<br /> • standard mortgnse clause in favor of and in a form ecceptable to Lender.Lender sh¢II hove the right to hold the policies und renewnls thereof, ,�"�bltiY,•
<br /> i. subject to the terma of any mortgage,deed of trust aothcr securiry agreement with a lien which has prioriry over this Decd of Tntst. � .
<br /> �;`;p,, . •
<br /> ' In the event of loss,Borrower shall give prompt notice to the insurance carricr nnd Lender.Lendcr may muke proof of loss if not made '�S'
<br /> promptly by Bortower. r �:.'����
<br /> � If the Property is abandoned by Borrower,or if Borrowcr fails to rcspond to Lender within 30 days from the dute notice is mailed by ; _
<br /> l,ender to Borrower that the insurnnce cnrrier offtrs to settle a claim for insuranee benefits, Lender is authorized to collect and apply the �s,•"
<br /> insw'ance procceds at Lender's oprion cithcr to restor�tion or rcpair of thc Properry or to thc sums secured by this Dced of Trus4 '`�-''
<br /> � '� 6. Preservadon and Malntmance ot'Properiy; Lessaholds;Condominlums;Plauned Unit Developments. Borrowcr shull keep �,�a
<br /> the Property in good repair and shall not commi�wcsre or permit impairment or deterioration of the Property and shall comply with the ��-"�_�-
<br />� 's � provisions of any leasc if this Dced of Trust is on a leas�hold.If this Deed of Trust is on n unit in a condominium or u planned unit developmcnt, ;=r:z'=��
<br />- � � Borrower shnll perfortn all of Bortower's obligations under the decluration or covenunts c�eatins or goveming the condominium or plunned unit 'i;IT�'.
<br /> development,the byIqws and regulations of the condominium or planned unit develapment,and constituent documents. -����__-
<br /> � � � 7. Protection of Lender's Securlty.if Bon�ower fails to perform the sovenants and agmcments contained in this Deed of'frust,or if .;���
<br />_� � �. eny action or procccding ia commenced which materiull y offects Lender's interest in the Property,thcn Lcndcr,nt Lender's option,upon norice to LL�,��_,
<br /> Bortowcr,may muke such appearanccs,disbursc such sums, includin�reasonuble attomeys'fces,und takc such action as is necessary to prot�ct �:°...�__
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<br />- �` ± Lender's intcrest.If Lender requircd mongagc insurmce as a condition of making the loan secured by this Decd of Trust,Bortower shull pay thc =_::;_ .
<br /> ; pmmiums required to maintain sueh insurancc in effect until such time as the requirement for such insuranee terminutes in accordunce with - ,�':,x;:T ' I��,:,;,�„'
<br /> . , ; Bortower's and Lcnder's written ngrecmcnt or appliwblc la�v. , „ . �
<br /> ° Any amounts disbuncd by Lcndcr pursuant to this pamgraph 7,with intcrest thcreon,at the Notc rate,shall becomc udditionnl ._`�`"�.
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<br /> r indebteclness of Borruwcr securcd by this Dced otTrust.Unless Borrowcr nnd Lcnder agrec to othcr terms of payment,such amounts shall bc
<br /> a .. .. ...
<br /> payuble upon notice from Lendcr to Borrowcr requcsting paymcnt themof.Nothing contained in this paregraph 7 shall re�uire Lcndcr to incur '
<br /> eny expense or telce any action hereunder. .. ,
<br /> 8. Inspectton.Lendcr may makc or cause to be madc rensonnblc enfics upon und inspections of the Property, providcd that Lender
<br /> shall give Borrower notice prior to any such inspection spxifying rcasonable cause therefor related to Lender's interest in the Properry.
<br /> 9. Condemnadon.The proceeds of any awc�rd or claim for dmm�ges,dircct or consequentinl.in conntttion�vith Uny condemnation or
<br /> other taking of the Property,or part thereof,or for ronvcyunce in lieu of condemnation,are hereby assigned and shall be paid to Lender,subject
<br /> ' to the tcrtns of any mortgagc,dced of trust or othcr ucuriry agrcement with a lien which hu priority over this Decd of Trust. �•
<br /> 10. Borrower Not Releasecl; Forbeunnce Qy Lenaler Nut a Waiver. Extension of the ame for puyment or modification of
<br /> umortization of thc sums sccurcd by this Dced of Tmst granted by Lendcr to any successor in�nterest of Borrowcr shall not operatc to rcicasc,in �
<br /> _,_� any manncr,thc linbility of the original Borrowcr and Bortowcr's succcssors in
<br /> NEBRASKA-SECOND MORTGAGE-1/80I�NMA/FHLMC UNIFORM iNSTRUMEN Nosc2 of4 Form 3828 "
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