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20�20273� Loan No: 60188302 wltich cunendy has the address of 632 SWAN L.ANE, [�1 [�hRAND ISLAND, NEBRASKA �� ID: 5� 6�880�1 8 � ("Property Address"): TOGETf�R WITH all the improvements now or hereafter erected on the properry, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be wvered by this Secnrity Insuument All of the foregoing is refened to in this Securiry Instrument as the "Property." Bonower understands and agrees that MERS holds only legal title to the interests granted by Bonower in this Security Insuument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument BORROWER COVENANT'S that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and wIll defend generally the dde to the Property against all claims and demands; subject to any encumbrances of record. THIS SECiJKITY INSTRiTMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jutisdiction to consdtute a uniform securlty instrument covering real property. UNIFORM COVENANTS. Borrower and L.ender covenant and agree as follows: 1. Payment of Prindpel, Inter�t, F�crow Items, Prepayment Charg�, and Late Charges. Borrower shall pay when due the principal o� and interest on, ffie debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Fscrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Secudty Instrument is retumed to I.ender unpaid, I.ender may require that any or all subsequent payments due under the Note and this SecutIty Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order, (c) certified check, bank check, ueasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or enuty; or (d) Flectronic Funds Transfer. Payments aze deemed received by Lender when received at the location designated in the Note or at such other locadon as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments aze insufficient to bring the Loan current I.ender may accept any payment or partial payment insufficient to bring the Laan current, wlthout waiver of any rights hereunder or prejudice to its rights w refuse such payment or partial payments in the future, but L.ender is not obligated to apply such payments at the time such payments aze accepted. If e.ach Periodic Payment is applied as of its scheduled due date, then I.ender need not pay interest on unapplied funds. I.ender may hold such unapplied funds until Borrower makes payment to bring the Loan current If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. ff not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosute. No offset or claim wluch Borrower might have aow or in the future against L.ender shall relieve Borrower from maldng payments due under the Note and this Security Insuument or performing the covenants and agreements secured by this SecurIty Instrument 2. Appllcatlon of Payments or Proceeds. Except as otheiwise descn'be� in this S�tion 2, all payments accepted and applled by I.ender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Bonower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, I.ender may apply any payment received from Bonower to the repayment of the Periodic Payments i� and to the extent that, each payment can be paid in full. To. the extent that any excess e�sts after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applie3 to any late charges due. Voluntary prepayments shall be applied ficst to any prepayment charges and then as descrIbed in the Note. Any applicauon of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Penodic Payments. NEBRASKA VA DEED OF TRUST w� �ae �iw (Pege 3 of ll Pages)