|
. - . . . �' ' ` . _ ' .
<br /> � , � ` , '�
<br /> 97-� 1��9�5 . ` ;�
<br /> LOANiYO. 1559200787
<br /> ; THIS SECURI7Y INSTRUMENT combines uniform covenants for national use and non-uniform covenams wtth . . • ` .
<br /> limifed vartatfons by judsdiction to constitute a unfform sacurity instrument covering real prope►ry. '
<br /> � UfVI�ORM COVENIWTS.Borrower and Lender covenant and agree as follows: -
<br /> .; t.Payman4 of Rrincipai and Interest;Prepayrnertt and 6�4e Chsrges. Borrower shaii prompUy pay when due � z_
<br /> l the ptincipal of and interest on the dabt�videnced by tha fVote and any prepayment and late charges due under the � •
<br /> � �lote.
<br /> _ � 2.Funds tor Taxes and In�urance. Subject to app1icable law or to a written waiver by Lender,Borrower shalt pay ,
<br /> 1 to Lender on the day mornhly payments are due under the Note,un4ii the Note is paid in fuli,a sum("Funds'}for:(a) - • -
<br /> � yearty faxes and assessments wt►ich may attain priority over this Security Instrument as a Ifen on the Property; (b)yeady
<br /> - : leasehold paymertis or gro�nd renis on the P�party,ff an0;(c)yearfy hazard or property insuranae premiums; (d) ,
<br /> � yearly flood tnsurance premiums,if any;(e)yearly mortgage insurance premiums,if any;and(�any sums payabte by �
<br /> � Borrower to Lender,in accordartce with the provtsions of Raragraph 8,fn lieu of the payment of mortgage Insurance ,
<br /> . premiums.These ttems are calied°Escrow Items°Lender may,at any time,coilect and hoid FundS tn an amount not to ___ __�__ _
<br /> exceed the maxtmum amovnt a lender for a ferierally related moRgage loan may requtre for Borrower's escrow accourtt ' �` . _
<br /> urtder the federal Real Estate Settlement Procedures Aci of 1974 as amended ftom time to Ume,12 U.S.C. �2601 et � , • '���`
<br /> seq.(°HESPA7,unless anoihar law that agpftes to the Funds sets a lesser amount If so,Lender may,at any time,collect i , , , �
<br /> � and hold Funds in an amourrt not to exceed the tesser amou►�t.Lender may estimate the amount af Funds due on the f . • �"�"
<br /> • • basis of current data and reasonable estimates of expenditures of fucure Escrow Items or otherwise in accordance with ! '�-•-;;<�
<br /> . applicabis law. r' �`::��
<br /> The Funds shall be hetd fn an institution whose deposiis are insured by a federal agency,instrumentaliry,or entity � � � ��
<br /> , Qndutiing Lender,if Lender is such an institutfon)or in any Federal Home Loan Banlc Lender shall apply the Funds to : •�:: ,�!_
<br /> pay the Escrow Items.Lender m�y not charge Borrower for holding and applying the Funds,annually analycing the , � . �..._
<br /> escrow account,or verifying the Escrow Items,unless Lender pays Borrower tnterest on the Funds and applicable law -=• " "`"" v�
<br /> permits Lender to make such a charge.However,Lender may require Borrower to pay a one-time charge for an • �_°__•�;,��-'�'�-�-
<br /> independent real estate tax reporting servtce used by Lender in connecUon with thts loan,unless applfcable taw ' _
<br /> provtdes o'therwise.Unless an agreemern(s mada or applicable taw requires intereat to be patd,Lendar shall not be �- _
<br /> " requtred to pay Borrower any ie�terest or eamings on the Funds.Borrowar and Lender may agree in writirtg,however, � • ��_�
<br /> that interest shall be paid on the Funds.Lender shall give to Borrower,wfthout charge,an annual accourtting of the E . •� �,;'. .��`�! �'
<br /> - Funds,showing credits and deblts to the Funds and the purpose for which each debEt to the Funds was made.The , �� �-•�-
<br /> '' Funds are pledged as addiUonal security for all sums secured by this Security Instrument h � - ' '•.-
<br /> If the Funds hetd by Lender exceed the amounts permitted to be held by appticable law,Lender shall accourrt to � �
<br /> Borrower forthe excess Funds in accordance with the requirements of ape!lcabte law.lf the amount of the Funds heid � "+� �`
<br /> by Lender at any time is noi suufficient to pay the Escrow Items when due,L�nder may so notity BoRCever In writing, '
<br /> d and,in such case�orrower shalt pay to l.ender the amount necessary to rrs�ke up the deftciency.Be�ower shall make � �'#�,' ''"
<br /> � up the deftciency in no more than twetve momhty payments,at Lender's sote discreUon. � �� �
<br /> Upon payment in full of alt sums secured by this Security Instrument,Lender shall prompUy refund to�oROtiver any , ';�,,�. • . �..�� .•�
<br /> Funds hetd by Lender.If,under paragraph 21.L�nder shall acquire or sell the Praperty,Lender,prior to the acquisifion ���•� �
<br /> or sale of the Property,sh a l l app ly any Fun ds he t d by L en der a t t he t ime o f acqu f s i Uon or s a le as a cr�e d i i aga in s t t he
<br /> sums secured by thts Secu instrumern. - ' �� ''
<br /> �Y , #`;�,_ _
<br /> � 3.Applicatton of Payments. Unless appttcable law pravides otherwise,afl payments receiveti by Lender under � �;��_
<br /> paragraphs t and 2 shall be appliesi:flrst,to any prepayment charges due under the(Vote;second,to amounts�yable - �
<br /> � under paragraph 2;thlyd,to Inter��due;fouKh,to pdncipal due;and last,to any I�te charges due under the Note.
<br /> 4.Charg es;Uens. Borrowes snall pay all taxes,assessments,charge9,flnes and impositions attributabte to the ���
<br /> Property which may attain prtority over this Security instrument,and feasehotd payments or ground rents,ff any. ' �- �'�� �
<br /> �.
<br />_ . BoROwer shall pay these obllgations in the manner provided in paragraph 2,or ff rtot pald in that manner,Bonower shall : � —
<br /> pay them on time directly to the person owed payment.Borrower shall prompUy fumish to Lender all noitces of •='"-'�" -,
<br /> �- - -
<br /> amounts to be paid under this paragraph.If Borrower makes thase payments directty,Borrower shall promp�y tumish to ��
<br /> Lender receipts evklencing the payments. .. � "' -�
<br /> ..:,.•=.
<br /> � Bonower shall promptly discharge any Iten whtch has prior(ry over this Security lnstrument unless Borrower.(a) �:�t;�,,,•�:��""";.'
<br /> agrees in wriUng to the paymeni of the obligation secured by the Ilen In a manner accepiable to Lender;(fo)contests tn '. . .,,.,�_,�__ :�
<br /> .� gaod faith the lien by,or defends against er�orcemeni o!the lien In,legal proceedings which in the Lender's opfnlon � . � .-��-
<br /> '� operate to prevent the enforcement of the Ilen;or(c)secures from the holder of the lien an agreement satisfactory to ' ; -"��._
<br /> Lender subordinating the Iten to thts Secur(ty Instrument If Lender determines that any part of tha Property is subject to
<br /> a I t e n w h t c h m a y a tt a i n p r i o ri t y o v e r t h i s S e c u r i t y I n s t r u m e n L L e n d e r m a y g i v e B a r r o w e r a n o t i c e i d e n t i f y i n g t h a I l e n. �o i++.,
<br /> � Bonower shall satisfy the Ilan or take one or more of the actlons sei forth above within 10 days of the giving of notice. ' . •
<br /> 5.Mamrd or Pre�erty Inourance. Bartower shall keep the improverr;ants now existing or hereafter erected on the � .
<br /> Property Insured against loss by flre,hazards Included within the term°extended coverage°and any other hazards, � . � _
<br /> including floods or floading,for which Lender requlres insurance.Thts insurance shall be maiMained In the amourKS and � � .
<br /> tor the perlods that Lender requires. The lnsurance carrler pr�viding the insurance�hail be chosen by Borrower subject .
<br /> to Lender's approval whlch shali not be unreasonably withhetd. If Borrower fails to malntain coverage descrlbed above,
<br /> Lender may,at Lender's optlon,obtaln caverage to protect Lender's rights in the Property in accordan�e wfth ' , _
<br /> paragraph 7. .
<br /> . NEBAASKR--SIHGLE FAlNILY—FNMA/FHLMC UHIFOAM INSTRUMEHT FORM 3G28�/90
<br /> � . ISC/CMDTNE//0792/3028(9-90}�L PAQE 2 OF 8 � •
<br /> . � .
<br /> . . r . ' ' •
<br /> • . .' �
<br /> . • . .._:..,.—•. _._.. _._ --- -- .:..
<br /> , �
<br /> ' � . , y E:.
<br /> . . �
<br /> --- — - ----- � —r_� �c---J:--:::`� .� ` -... •_ ' �----- -,- -•-- - -- -- -- --
<br /> . - '.�� • . - . . . • 'r._._�" ' . ' .. . — . . .
<br /> . T rv . � � . • , • ` - . � .. • `•i,- . �; . _ ' ... .
<br /> _ . ... _. . . . .. , . -. . � . . ... . s . . ,, . . . �.' . . - � .. . _, . .. . . . ,. . � . . _ ._ � .' . . � . ± �
<br />
|