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<br /> . UNIFORM COVENAIQTS.Borrower and Lender coveaant and agrec as follows: �/�����V�� � . --- - �-�
<br /> i1. Payment of Pr(ndpa!and Interest.Borrower shall promptly pay when due the pnnc�pal and mterest indebtedness evidenced by • << ' � _
<br /> , ` thc Note and late charges as provided in the Note. �_ � `3--
<br /> .. � 2. Ennds tor'f'ases and Insurance.Subj�ct to applicable law or a wtttten�vaiver by Lender. Borrowcr shali pay to Lender on the � : � '�,_.
<br /> ; day monthly payments of printipal snd interest are payable under the 1�ote,undl the Note is pa�d in FuU,a sum(herem"Funds")equal to one- ; ����' �* �'
<br /> � � twelfth of the yearly taxes aad assesnnents(�ncluding condomimum and planne� umt developmcnt asscuments. �f any),which may attain , . `��-
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<br /> � priority over this Qeed of Tnut,artd ground rents on the Properry,tf any,plus one-t�vcifth of yearly prem�um installments for hazard msurance. , . , ' ` , �--
<br /> plus one-twelfth of yearly premium installments for mortgage msurance,if any,al!as reasonably estimaicd mit�ally and from amc to time by t
<br /> ; Lender an the basts of assessments and bills and reasonable estimates thereof.Borrower shall not bc obhgated to makc such payments of Funds , , _
<br /> � to Lender to the eztent thaz Horrower makes such paymenu to the holder of a prior mortgage or deed of mist if such holdcr is an msntuttonal ; , - -
<br /> °. lender. ! ` .
<br /> - � ; if Borrower pays Funds to Lender,the Funds shall be held m an institunon the deposits or accounts of whuh are insured or guaranteed f `,_ �. t-�
<br />• , iby a Federal or state agency(including Lender if Lender is such an instituron�.Lender shall apply the Ewds to pay said taxes,assessments. • ,
<br /> � insurance premiums and gtound cents.Lender may not charge Eor so holding and applying the Funds,analynng said acrnunt or venfying and t ry'
<br /> compiling said assessmenu and bills,unless Lender pays Bortnwer interest on the Funds and applicable law pertniu Lemder to make such a
<br /> c6arge. Sarrower and Lender may agree in writing at die time of execntion of this Dced of Tnut that intaest on the Fusids shall be paid to . -�
<br /> • j Bottowet,and unless such agreement is made or applirable law requires such intcrest ta ne paid,l.�der shall nat be required to pay Borrower • � =
<br /> ? any mterest ot eamings on the Funds.Lender shall give to Boirower,without charge,an annual accuuntin8 of the Funds showing ttedits and � , ;.' ._
<br /> � debits to the Funds and the purpose for which each debii to the F�tnds was made. 7'he Funds are pledged as additional securiry for the sums . ' t. . .:.,r+.s _ .
<br /> .:.� ."
<br /> ` secured Isy this Dced of Tnut. .. . '.• _-
<br /> , If ihe amount of the Eunds heid by Lender,together with the future monthiy installments of Funds Fayable prior to the due dates of - -__.
<br /> ,.� taxes,assessments,insurance premiums and ground rents,shall exceed the amount required to pay said taxes,assessments,msurance premiun►s ' '�� --
<br /> and ground rents as they faU due,such excess sha11 be,at Borrowers option,either prompdy repaid to Borrower or credited to Borrower on .. ` _�-�_��_
<br /> monthly installmenu of Funds.If the amount of the Funds held by Lender shall not be sufficient to pay taxes,assessments.insurance Premiums � - �
<br /> and ground rents as they fall due,Borrower shall pay to Lender any amount necessary to malce up the deficiency in one or more paymrnts as � • '�`';�.'�
<br /> �.COdCt rt13}I[CQUITC. �' i :4..y��"'_�—'
<br /> . Upon payment in full of all sums secured by this Deed of Tnut,Lender shall prompdy refund to Bonower any F�mds held by Lender. :__.�,
<br /> -_ If under paragraph 17 hereof the Property is sotd or the Property is otherwise acquired by Lender.Lender shall apply,no later than immediately __ .'-. --
<br /> , priot to the sale of the Property or iu acquisition by Lender,any Funds held by Lendet at the time of application as a credit against the sums , f �}..�.,3 ,
<br /> secured by this Deed of Trust. , '��
<br /> ents received b Lender under�e Note and > . �
<br /> 3. Applicatton of Payments. Unless applicable!aw provides otherwise,all paym Y • •.
<br /> paragraphs 1 and 2 h�eeof shall be applied by Lender first in payment of amounts payable to Lender by Borrower under paragraph 2 hereo�then : '�
<br /> ta interest payable ea�Le Note,and thea to the principal of the Note. ����.'�?�-•• '
<br /> . . 4. Pr(or At�rtgages acd Qeeds ot Tras�Charges:I.Haas.Borrower shall perform all of Borrowers obligations under any mortgagti ,� •. .
<br /> ' deeA of trust or other seciaity agcement witt►a lien which has pr.arity over this Daed of Trust,including Borrotvea's covenants to malce ^ { "` +: : :�� _
<br /> . � �.
<br /> � payments wfien due.Borrower shall pay or cause to be paid all taxes,assessments and other charges,fines and impositions aar:�urable to the . -,
<br /> property which rt�y attain a priarit}r over this Deed of Tnut,and leasehotd payments or ground renu,if any. a ' .' � _
<br /> 5, Hnzard Insurance.Borrower shal!keep the improvements now existing or hereafter erected on the Property insured against loss
<br /> by fir�ha�ards included within the tertn"e�ctended coversge",and such other harards as I.ender may require and in sueh amounts and for secs �:•_.� ; ! :
<br /> periods as Lender may reqaire� ,.: �':' . --
<br /> '1'he insurm�ce carrier proriding the inswance shall be chas�by Borrower sub}ect to approval by Lender:provided,tt�such approval �,�,`, : '`�� --.-
<br /> shall not be unreasonably withheld Ail insurance policies and renewals thereof shall be in a form acceprable to Lender�d s�a11 include a ..; -,.i ; : —_
<br /> - .:; standard mnrtgage clause in favor of acd in a fonn acceptabie to Lender.Lender shall have the right to hold the policies and renewals thereo� .. -::�. �� �°'��
<br /> su6ject m the terms of any mortgage,deed of trast or other security agrecRnent witt►a lien which has priority over this Deed of Tn�st. ,�- � {. ,
<br /> • In the event of loss,Borrower shall give prompt notice to the inswauce carrier and I.ender•l.ender maY make proof of loss if not made ;:.;t_;�^ 'e c,��
<br /> FromPtly by Borrower. .4�`,.. _ ' ..
<br /> lf the Property is abandoned by Borrower,or if Borrower fails to respond to Lender within 30 days from the date no'����mailed by �!---
<br /> Lxnder to Borrower that the insurance cazrier offers to settle a claim for insurance benefits, Lender is authorized ro collect and apply tht �`' ' ""--�
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<br /> � ���, insurance proceedv at Lendets option either to restoration or repair of the Property or to the sums secured by this Deed of Trust �:;...-,.��•a��
<br /> - 6. Preservation and Malntenance of?rope:ty;Leasebold;ConCaminiams;PlanaPd Unit D�Yt�.n��C��9.BOfTOWP.(SI13II ICCC� ___ _��:�■-.��-,-,;.__
<br /> �' the Property in good repair and shall not wmmit waste or pennit impairment or deteriorarion of the Praperty and shall comply with the ``''• � ''��__
<br /> _ p;or��-ions of any lease if this Deed of Trust is on a leasehold.If this Deed of Trust is on a unit in a wndominium or a planned unit development, . .^�. ;_t _ •
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<br /> � B o i r uwer s h a l l p e r f o r m a l l o f B o a o w e�s o b l i�a t i o n s u n d e r t h e declaration or covenants creating or governing the condominium or planned unit ��Y`=-_,�—�
<br /> ,:�> development,the by-laws and regularions of the condominium or planned unit development,and constitaent doc�nents. '�H. �
<br /> ' 7. Protertton olLendcr's Secarity.lf Borrower faifs to perform the covenants and agreements wn�ned in this Deed of Trust,or if �5, �,���"_ `
<br /> any action or protxeding is wmmenced which materially affects Lendefs mterest m the I'roperry,tiien Lender,ai iendds opiion,upun nuticx to —�..�,>_,.,,.r�
<br /> �; Borrower,m3y make such appearances,disburse such sums,inclading reasanable attomeys'fees,and take such aaron as is necessary to protect '��,�,.•y� . �
<br /> '.} Ler�r fs interest.If Lender required martgage insurance as a condition of making the loan secured by this Deed of Trust,Bonower shall psy the . �': , ..
<br /> pre:r�_mc requff�i to maintain s��insuranse in effed until si:sh time as the requireme��t for such inswance tertninates in accordance with ��:,��_,�,� ,°
<br /> � Bortowei's and Cr.�sfs written agreement or upplicable law. � , � ' -
<br /> • Any arr.c:.^�ts disbursed by Lender pursuant to this paragaph 7,wit;� interest thereon,at the Noie rate,shall become additicr�i� • � � �..
<br /> � i,.C�btedness of Borrower secured by this Deed of Trust.Unless Borrower and Lender agree to other terms of payment,such amounts shall be , ,
<br /> p�yzble upon noace from Lender to Boaower requesting paymznt thereof.Nothing conteined in this paragtaph 7 shall require Lender to incw ,
<br /> � �:y expense or take any action hereuader. . �
<br /> � 8. lnspectton.Lender may make or cause to be tnade reasonable enfies upon and inspections of the Propetty,provided that I.�nder .. • �
<br /> shall give Borrower norice yrior to any such inspection specifying rcasonable cause therefor related to Lenders interest in the Property. •
<br /> 9. Condemnaflan.The proceeds of any award or claim for damages,direa or consequenrial,in wnnection with any condemnation or � •.
<br /> ea`,er taking of the Property,or pan thereof,or fot conveyance in lieu of condemnation,ure hereby assigned and shall be paid to Lender.subjoct � .�..".:.
<br /> � to E:e terms of any mortgage,dted Of trust or other security agreement with a lien which has prioriry over this Deed of Trust. ��.
<br /> � 10. Borrower Not Released; Forbearance By Lender Not a Walver. Extension of thc timc for paymcnt or modification of
<br /> ' �nortization of the sums secured by this Deed of Trust granted by Lender to any successor in interest of Bortower shall not operate to release,in � „—-
<br />• � any manner,the liability of the original Botrower and Botrowers successors in . . �;:
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<br /> � NEBRASICA-SECOND MORTGAGE-1/SO FY1bIA/FHLMC UNIFOW�+I INSTRUMEN P��:e 2 of 4 Form 3828 � � �Y
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