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20120527� Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS {as nomu�ee for Lender and Lender's successars an d assigns) has the right: to exercise any or all of those interests, including, but not Iimited to, tha right to foreclose and sell the Property; and to take any action required of I.endar including, but not limixed to, raleasing ffid canceling this Seciuity Ins�ument BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey tha Propeity anc� that the Prolaerty is unencimmbered, except for encumbrances ofrecard Borrower wamants and will defend generally the title to the Properiy against all claims and demands, subject to any encwr►brances of record. THIS SECURiTY INSTR.UMENT combines uniform. covenants for national use and non-unifocm covenants wi� ]imited variations by jurisdiction to constitute a uniform security ins�unnent covering real 1��P�Y• UNIFORM COVENANTS. Bonower and Lender covenant and a�ree as follows: 1. Payment of PrincipaL, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, aad interest on, the dabt evidenced by the Note at►d any prepayment chazges and late charges due ►mder the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Paymerns due under tb:e Note and this Seciuity Instrumant shall be made m U.S. cuirtency. However, if any check or other instrument received by Lender as payment under the Note or this Secunty Tnstrument is zetumed to Lender unpaid, Lender may require tt►at any or all subseqnent paym,ents dua under the Note andthis Security Instrument be made in ona or more of the follawing forms, as sele�cted by Lender: (a) cash; (b) money arder; (c) csrtified check, bank checl� treasurer's check or cashier's checl� provided any such check is �awn upon an insritution whose deposits are insured by a faieral agency, instivmentality, or entity; or (c� Eleclronic Funds Transfer. Payments are deemedreceived by Lenderwhen received atthe location desi�ated intheNote orat such other lacation as may be designated by Lender in accordance with the notitce provisions in Section 15. Lender may raturn any payment or partial payme� if�ayment or partial payments are insufficient to bring the Loan ctnrent. Leader may accept any pa�yment or payment insufficient to bring the Loan current, without waiver of any rights here�der or pxejudice to i1� rights to refuse such payment or partial paynaents in the futura, but Lenderis not obligatedto app1y such payments atthetime suchpayments aze acxepteti. IfeachPeriodic Payment is applied as of its scheduled due date, then Lender nead not pay mterest on unapphed fimds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan c�rent. IfBorrower does not do so within a reasonable period of time, Lender shall either apply such fimds or return them to Borrower. If not applied earlier, such funds will be applied to tha out�tandwg principal balance under the Note immadiately pnor to foreclosure. No offset or claim which Borrower might have now or in the firture against Lender shall relieve Borrower &om making payments due under the Note azid this Security Instrunaent or performing the covenants and agreements secured by this Security Insirument. 2. Applieation of Paymen�s or Proeeeds. Except as otherwise descn'berl in this Section 2, all payments accepted and applied by Lendar shall be applied inthe following arder of priority: (a) interest due under the Note; (b) prmcipal due under the Note; (c) amounts due under Sedion 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any rema;n;ng amounts shall be applied first to late charges, second to any other amounts due under this Securiry Instivment, and then to r�uce the principal balance of the Note. If Lender receivas a payment ftom Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent gaymsnt and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to tha repayment of the Periodic Payments i� and to the extent that, each gayment can be paid in full. To the extent that azry excess exists after thepayment isapplied to the full gayment of ona or mora Periodic Payments, such excess may be applied to any late charges due. Volimtary prepayments shall be applied first t� any prepayment charges and then as descnbed in the Note. Any applicanon of payments, insurance proceeds, or Miscellaneous Proceeds to principal due �mder the Note shall not extend or postpone the due date, ar chatiga the amount, of the Periodic Payments. 3. Funds for Escrow Itema. Borrower shall pay to I.ender on the day Periodic Nayments are due under the Note, until the Note is paid in full, a sum {the "Funds") to provida for payment of amounts due far: (a} taaces and assessments and other items which can attain priority over this Security Insirument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Praperiy, if any; (c) premiums for any and all insurance required by Lender under Sect�on 5; and (d) Mortgage Insurance premmms, if any, or any sums payable by Borrowerto Lender in lieu o£the payment of Mortgage Insurance premrums in accordance with the prov�sions of Section 10. These items aze called `Bscrow Items: ' At origination or at any time during the term of the Loan, Lemder may require that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrowar, and such dues, fees and assessments shall be an Fs�row Item. Borrower shall promptly furnish to Lender all natices of amounts to be paid under this Section. Boaower shall pay Lender the Funds for Fserow Itezns waless Lender waives Borrower's obligation to pay the Funds for any ar all Escrow Items. Lender may waiva Borrower's obli�ation topay to Lender Funds for any or all Escrow Items at any time. Any such warver may only be in writmg. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been wazved by Lender snd, if T,ender requires, sha11 furnish to Lender receipts evidencing such payment within such time period as I,ender may require. Borrower's obligation ta make such payments and to provide receipts shall for all p�poses be deemed to be a covanant and agreement coatained in this Security Instrument, as tha phrase "covenant and agreemenY' is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, aud Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such �ount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a motice given in accordance with Section 15 and, upon such revacation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3. I.endez may, at any time, collect andholdFunds in an amount (a� sufficientto permitT.enderto apply the Funds at the time specified under RESPA, and {b) not to exceed the maxunum amount a lender can require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and reasonable estimates of axpenditures of future Escrow Items or otherwise in accordance with Applicable Law. NEBRASKA—Single Fam7y—Fannie Mae/Freddfe Mac UNIFORM INSTRUMENT � Form 3028 ]/i)1 (page 3 of 9pages) 12439.CV (9/11) 43001d2695 CtedtiYe T6inlung, InC. GOTO(003bed28)