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<br /> jT1IIS SECURlTY IVSTRL'v1EVT combines uniform covenanu for national use and non-uniform covenanis with limited , . � 3�
<br /> • � variations by jurisdiction to consutute a uniform security instrument covering real property_ � •
<br /> `; U�i{FORM COVE1�iAl�TS. Borrower and i.ender covenan:and agree as follows: . '�•_
<br /> I. Payment of Pe�incipal and Interest; P�epayment and Late Charges. Borrower shatl prompcly pay when due rhe � ,
<br /> � principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under Ihe�1ote. , .
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<br /> ' �. Funds for Taxes�nd InsuranCe. Subject lo applicable law or to a written waiver by I.ender, l3orrower shall pay to f _ _ _. _. _ �
<br /> l.ender on the day monthly payments are due under the Vote, until the�iote is paid in full,a sum("Funds")�T`� 1e�ehold t � '
<br /> '� taxes and assessments which may auain priority over this Security Instrument as a lien on the Property;(b)Y Y .
<br /> payments or ground rents on the Property, if any; (c) yearly hazard or property insurance premiums; (d) yearly flood , _ :�
<br /> � insurance premiums, if any; (e) yearly mortgage insurance premiums, if any: and (� any sums payable by Borrower to ti,�
<br /> � Lender,in accordance with lhe provisions of paragraph tf,in ueu ot'uio pby��.e,–.:a�:s�:sesn� z^='•}-'�-�`-�°^*�r^iums. 'Ihese _______—_ --__
<br /> items are called'Escrow Items.'Lender may.at any time,collect and hold Funds in an amount not to exceed the maximum �
<br /> amount a lender for a Cederally related mortgage loan may require for Bonower's escrow account under the Cederal Real �� .
<br /> Estate Setdement Procedures Act of 1974 as amended from time to time, 12 U.S.C.Section 2601 et seq. ('RESPA'),unless ' ., .
<br /> another law that applies to the Funds seu a tesser amount. !f so, Lender may, at any time,collect and hold Funds in an k � ; --�-� �`
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<br /> amount not to exceed the lesser amoun4 Lender may estimate Ihe amount of Funds due on the basis of cuttent data and ' � �
<br /> _ reasonable estimates oPexpenditures of future Escrow Items or otherwise in accordartce witt►applicable law. � ^. ,
<br /> "Ihe Funds shall be held in an institution whose deposits are insured by a federal agency,insUumeatality.or endty rnctuding i . ,� . � ,� _
<br /> Lender,if Lender is such an institution)or in any Federal Home Loan Bank.Lendet shall apply the Funds to pay the Esccow � , _
<br /> � Items. Lender may not charge �orrower for holding and applying the Funds. annually analyzing the esaow aceount,or .. ` ._��_
<br /> , verifying the Escrow ltems,unless Lersder pays Bonower interest on the Fuuds and applicable law permits Lender to make � . . ••._�_
<br /> such a charge.However, Lender may require Borrower to pay a one-time charge for an independsnt real atate tax reporting -�,�_�
<br /> service used by Lender in connection with this loan,unless applica6le law provides atherwise.Uttless an agreement is made or ' � ��:�`�"��
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<br /> applicabie law requires interest to be paid,Lender shall not be required to pay Borrowec any interest or earnings on the Funds. . .. _
<br /> ' .• Borroaer and Lender may agree in writing,however,that interest shall be paid on the Funds.Lender shaU give to 8orrower, i�'��`� ,
<br /> . : without charge.an annual accounting of the Funds,showing credits and debits to the Funds and the purpose tor which each : . ,�_ �
<br /> debit to the Functs was made.'17ie Funds are pledged as additionat security for aU sums secured by this Security lnsWmenG
<br /> If the Funds held 6y Lender exceed the amounts pernuued to be held by appiicuble law.Lender shal!account to Botrowet for _ __._ __��.'.;�. ? �
<br /> • the excess Funds ut accotdance with tkte requirements of appl'scable law. If the amount of the Funds hetd by Lender•at any i�. �•
<br /> � time is not sufTirient to pay the Escrow Items when due,Lender may so notify Borrower in writing,and,it1 SuCh case Bot�owet �,. � , r ' �-°-
<br /> ' shaU pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than �'�'– _
<br /> twelve monthly payments,at(.ender's sole discretion. , -'
<br /> Upon payment in fuU of all sums secured by this Security Instrument,Lender shall prompUy refund to Borrower any Funds . . ��{ �
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<br /> � hetd by Lender. If,under paragraph 21, Lender shatl acquire or seU the Property,Lender,prior to the acquisition or sale of V ��;� ; _
<br /> . the Properry,shall apply any Funds heid by I.ender at the time of acquisidon or sale as a aedit against the sums secured by �
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<br /> this Securiry InstrumenG .� �
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<br /> ' 3.Application o1'Payments.Untess applicable Iaw provides otherwise,all payments received by I rnder under paragraphs l _ �__
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<br /> •; and 2 shaq be applied:first,to any prepayment charges due under the Note;second,to amounu payable under paragraph 2; •;`�,• • .�..; y�_
<br /> lhird.to interest due;fourth,to principal due;and Iast,to any late charges due under the Note. 'S'%�wY £'°: :.-__:
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<br /> 4. Cha�ges, Uer1s. Borcower shall pay all taxes.assessments, charges, fines and imposidons atvibutable to the PropeRy , ,..- :_
<br /> � � which may aaain priority over this Securiry Instrument,and Ieasehold payments or gtound rents,if any. 8onower shall pay _T :'�'•�–___
<br /> these obligations in the manner provided in paragraph 2,or if not paid in that manner. Borrower shalt pay them on time ; �
<br /> d'uectly eo the pecson owed payment. Borrower shatl prompdy furnish to Lender all nouces ot amounts to be paid under this '.'�-����
<br /> paragraph. (f Borrower makes these payments direc Uy. Borrower s h a l l p r o m p d y f u m i s h t o L e n d e r r e c e i p i s e v i de nc in g the •r���-• �
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<br /> '� payments. . �.: ' _ . . .,
<br /> Borrower shaii promptly discharge any lien which has priority over this Security Insuument unless Sorrower: (a)agrees in ,��:�L-�� � ._
<br /> ' wriung to the payment oC the obligaflon secured by the lien in a manner acceptable to Lender.(b)contests in good faith�he lien . , d:� –
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<br /> by, or defends against enforcement of the lien in,legai proceedings whlct► in the Lender's opinion operate to prevent the •�,���._._
<br /> enforcement of the lien;or(c)secures Gom the holder of the lien an agreement satisfACtory to Lender subotdinnt�ng 1he lien to
<br /> ihis Security(nstrumcnt. If I.enJer determines that any part of the Property is subject to a lien which m�y attain priority ovcr �•
<br /> this Security Inswment,Lertdcr may give Bonowcr a notice idenGfyins Ihe lien. Dorrower shall saGsfy the licn or take onc or _
<br /> mote of the actions set forth above vruhm IO days of�he giving uf uutice. .-----:-------- -
<br /> �• S.Hazard or Property Insurance.Bonower shall kcep the improvements now eaisvng or herealler erected on the PropeRy ..
<br /> insured against loss by fire,haza�ds included within the term 'extended covetage and any other hazards.including IIoods or .
<br /> flooding.for v�hich Lender requires insurance.This insurance shall be maintained in the amounts and for the periods that •
<br /> l.ender requires.The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval , . . �
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<br /> � ' • 9ingte Family FNMAlFNIMC UNIFORM IN9THUMENT FCNM 3028 08190(Paq�2 of 8 Pag�s) , ---
<br /> � NEBflASKA EC699L Reu 09l09/91
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