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<br /> � BURROWER AND I.E�IDCR AGREE AS FOLGOWS: ; , ° , i,
<br /> ' 1. Borrowcr shall pay whcn due,the principal and interest as provided in said Note. � , . . -�-��
<br /> 2. All payments received by Lender shall be fust applied to advances which may have ,. . '_—�
<br /> � been made by Lender and then to interest due and last to pnncipal due. � • . . ,
<br /> � - 3. Borrawer shall gay all general real estate taxes and special assessments against the I._ _ : �� �' ����`
<br /> _<<.,.,�..=:_
<br /> property before the same become delinquent. � �
<br /> . 4. Borrower shall keep the improvements on said premises insured against loss by fire " ; '. ','���_
<br /> � and hazards included with the term"extended coverage"for their insurable value and policies for ``�"'���:
<br /> .� the same shall include a standard mortgage clause showing Lender herein. In event of loss, , ; ? � ��� .
<br /> Lender ma make roof of loss if not rom tl made b Borrower. Insurance roceeds shall be �'�' ��Y
<br /> � Y P P P Y Y p . , �:�''�•:
<br /> applied to restorarion or repair of the groperty damaged,unless both parties otherwise agree, �' ' .t; - __
<br /> except if reswration or repair is not econamically feasible or Lender's security is not lessened, ' _
<br /> � c otkerwise said proceeds shall be paid on the debt herein,whether or not then du�. � 9��_-�-..
<br /> � ---
<br /> Unless Lender and Borrower otherwise agree in writing,any payments or proceeds&om ` � ���-::�z�-
<br /> insurance shall not extend or postpone the due date of the monthly payments provided in said � "_°;;�-��.::
<br /> instrument of indebtedness,or change the amount of the payments. ''
<br /> ���'�---
<br /> 5. Upon request of Borrower,Lender may,at its optian,make additional and future "_:_�2
<br /> advances and readvances to Bonower. Such advances and readvances,with interest thereon, . ---�.��
<br /> shall be secured by this Deed of Trust. At no time shall the principal amount of the indebtedness - „�-_
<br /> secured by tlus Deed of Tntst,not including sums advanced to protect the security of t}us Deed `=� . ���fi-.-
<br /> of Trust,exceed the original principal amount stated herein,or$200,000.00,whichever is ' � ''" �•'..
<br /> greater. _�. *, �
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<br /> 6. If Boaower fails to perform the covenan.ts and agreements herein contained,Lender _ - ;�`;�� �`
<br /> ' may do and pay for whatever is necessary to protect t he v a lue o f t he prope r ty and I.ender's ri g hts
<br /> in the property,including the paying of any sum secured by a lien which has priority over this �S ''.�
<br /> Deed of Tnist,appearing in Court,paying reasonable attorney fees and entering the property w � � !�' ! -
<br /> make repairs. Any amount disbursed by Lender under this paragraph shall become an additional -=��� . `3e " —
<br /> - debt of Boaower secured by this Deed of Tnist,w bear interest from the date of disbursement ��.�,_ � '� {� �_
<br /> '.� .
<br /> and said amount,together v�nth the then unpaid principal amount,shall bear interest at the highest :�.-.�5:; � ,;�__ -
<br /> lawful rate until refunded by Borrower. — <-��-
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<br /> 7. The proceeds of a condemnation award are hereby assigned and shall be paid to ��¢_-• �:'�-•`�:.�_
<br /> Lender and shall be applied w the sums secured by this Deed of Trust,whether or not then due, '�'""'"`� � '�
<br /> -�_ .--
<br /> . with any excess to be paid w Horrower. • =-�_�-�=��-�-----
<br /> 8. Any extensions or modifieations of the loan granted by Lender W any successor in _����
<br /> ;:=.z-�, ,_
<br /> � interest of Borrower shall not operate to release the liabiliry of the original Borrower or �z.
<br /> ,; �, .���.
<br /> Borrower's succ,�ssors in interest. Any forbearance by Lender in exercising any right or remedy .:�-*� ,.�- ; �_-
<br /> � shall not be a waiver of or preclude the exercise of any risht or remedy. _�"'���"`
<br /> � � � ";{�;�r�.
<br /> 9. Any norice to Borrower provided for in this Deed of Trust shall be given by delivering ''�"�'�"`' —
<br /> � it or mailing it by first class mail unless Nebraska Law requires use of another method,at the ��±�'.•�;�;;,;.
<br /> Boaowet's last known address. . ;�`-
<br /> � 10. This Deed of Trust and the Debt which it secures shall be govemed by Nebraska ' �: . �. � ..
<br /> . I Law. .
<br /> � ,,.•. .
<br /> � ; 11. Lender shall give notice to Borrower following Borcower's breach of any covenant or � � �:�-
<br /> � � agreement in this Deed of Trust and the Debt which it secures. The notice shall specify(a)the '
<br /> � default,(6)the action required to cure the default,(c)a date not less than ten(]0)days from the , .
<br /> date the notice is given to Baaower by which the default must be cured,and(d)that failwe to �
<br /> � � � cure the default on or before the date specified in the notice may result in acceleration of the sum . • . _
<br /> secured by this Deed of Trust and sale of the property pursuant to the power of sale herein . __
<br /> �; granted. The notice shall further inform Borrower of the right to reinstate,after acceleration,and �
<br /> the right to bring a court action to assert the nonexistence of a default or any ottter defense of ' —
<br /> � Borcower to acceleration and sale. If default is not cured,on or before the date specified in the � .
<br /> notice,Lender,at its option may require immediate payment in full of all sums secured by this . �
<br /> � Deed of Trust without further demand and may invvke the power of sale and any other remedies � .
<br /> , � permitted by Nebraska Law. Lender shall be entitled to collect all expenses incurred in pursuing . . � $ �
<br /> ' the remedies provided in this paragaph or otherwise taken to protect its interest in collateral � �.-
<br /> � '•; described in this Deed of Trnst or enfotce any provisions hereof,including but not limited to �
<br /> reasonable attorney fees and costs of title evidence. i " �
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