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<br /> LOANN0. 153s21 � as �
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
<br /> limited variations by jurisdiction to constitute a uniform secu�ity instrument covering real property.
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest;Prepayment and Late Charges. Borrower shall promptly pay when due
<br /> the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the
<br /> Note.
<br /> 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br /> to Lender on the day monthly payments are due under the Note, untii the Note is paid in fuil, a sum ("Funds") for: (a)
<br /> yea�ly taxes and assessments which may attain priority over this Security Instrument as a lien on the Property; (b) yearly
<br /> leasehold payments or ground rents on the Properry, ff any; (c) yearly hazard or property insurance premiums; (d)
<br /> yearly flood insurance premiums, if any; (e) yearly mortgage insurance premiums, if any; and (f) any sums payable by
<br /> Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance
<br /> premiums.These ftems are called"Escrow Items."Lender may, at any time, collect and hold Funds in an amount not to
<br /> exceed the maximum amount a lender for a federaily related mortgage loan may require for Borrower's escrow account
<br /> under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. §2601 et
<br /> seq. ("RESPA"), unless another law that applies to the Funds sets a lesser amount. If so, Lender may, at any time, collect
<br /> and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amount of Funds due on the
<br /> basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with
<br /> applicable law.
<br /> The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity
<br /> (including Lender, ff Lender is such an institution) or in any Federal Home Loan Bank. Lender shall apply the Funds to
<br /> pay the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyzing the
<br /> escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and applicable law
<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 service used by Lender in connection with this loan, unless appiicable law
<br /> provides otherwise. Unless an agreement is made or applicable law requires interest to be paid, Lender shall not be
<br /> required to pay Borrower any interest or earnings on the Funds. Borrower and Lender may agree in writing, however,
<br /> that interest shall be paid on the Funds. Lender shall give to Borrower,without charge, an annual accounting of the
<br /> Funds, showing credits and debits to the Funds and the purpose for which each debit to the Funds was made.The
<br /> Funds are pledged as additional security for all sums secured by this Security Instrument.
<br /> If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to
<br /> Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held
<br /> by Lender at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing,
<br /> and, in such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make
<br /> up the deficiency in no more than twelve monthly payments, at Lender's sole discretion.
<br /> Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br /> Funds held by Lender. If, under paragraph 21, Lender shall acquire or sell the Property, Lender, prior to the acquisition
<br /> or sale of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the
<br /> sums secured by this Security Instrument.
<br /> 3.Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br /> paragraphs 1 and 2 shall be applied:first,to any prepayment charges due under the Note; second, to amounts payable
<br /> under paragraph 2;third,to interest due;fourth,to principal due;and last, to any late charges due under the Note.
<br /> 4. Charges; Liens. Borrower shall pay ail taxes,assessments, charges, fines and impositions attributable to the
<br /> Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br /> Borrower shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall
<br /> pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of
<br /> amounts to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to
<br /> , Lender receipts evidencing the payments.
<br /> Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br /> agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in
<br /> good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion
<br /> operate to prevent the enforcement of the lien; or(c) secures from the hoider of the lien an agreement satisfactory to
<br /> Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to
<br /> a lien which may attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien.
<br /> Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice.
<br /> 5. Hazard or Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
<br /> Property insured against loss by fire, hazards included within the term"extended coverage"and any other hazards,
<br /> including floods or flooding,for which Lender requires insurance. This insurance shall be maintained in the amounts and
<br /> for the periods that Lender requires. The insurance carrier providing the insurance shali be chosen by Borrower subject
<br /> to Lender's approval which shall not be unreasonably withheld. If Borrower fails to maintain coverage described above,
<br /> Lender may,at Lender's option, obtain coverage to protect Lend�r's rights in the Property in accordance with
<br /> paragraph 7.
<br /> NEDRASKA-SINGLE FAMILY--FNMA/FHLMC UNIFORM INSTRUMENT FORM 3028 9/90
<br /> ISC/CMDTNE//0792/3028(9-90)-L PAGE 2 OF 6
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