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201206260
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7/20/2017 9:43:30 AM
Creation date
7/31/2012 4:16:07 PM
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201206260
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201206260 <br /> which currently has the address of 6120 WEST WII.DWOOD DRIVE ,A.LDA <br /> [Street] [City] <br /> Nebraska 68810 ("Property Address"): <br /> [Zip Code] <br /> TOGETHER WITH all the impmvements now or haeaftex erected on tfie property, and atl easements, <br /> appurtenances,and fixtures now or hereafrer a part of the property. Ali replaceuaents and addirions shall aIso be <br /> covered by this Security Inshwnent. All af the foregoing is referred to in this Security Inshvment as the"Properry." <br /> Borrower understands and agees that MERS holds only iegal title to the interests granted by Borrower in this <br /> Security lnsuument but, if necessary to comply with law or custonn, MERS (as uominee for Lender and Lender's <br /> successors and assi�s)has the right:to exercise any or all of those interests,including,but not limited to,the right <br /> to foreclose and sell the Properry; and to take any action required of Lender inclucling,but not limited to,releasutg <br /> and canceling this SecuriTy Instaument <br /> BORROWER COVENANTS that Borrower is lawfulIy seised ofihe estate hereby conveyed and has the right <br /> to grant and convey the Property and ti�at the Property is unencumbered, except for encumbrances of record <br /> Boxrower warrants and will defend generaliy the title to the Property agamst ali claims and demands,subject io any <br /> encumbrances of record. <br /> THIS SECUItITY INSTRUMENT combines uniform covenants foz national use and non-�miform covenants <br /> with limited variations by jurisdiction to cons[itute a uniform security inshument covering real property. <br /> UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: <br /> 1. Paymenf of Principal, Interest, Escrow 1[tems, prepayment Charges, and Late Chazges. Borrower <br /> shall pay when due the prmcigal of,and intezest on,the debt evidenced by the Note and any prepayment chazges amd <br /> late chazges due under the No#e. Borrower shall also pay fnnds for Fscrow Items pursuan4 to Section 3. Payments <br /> due under the Note and this Security Inshument shall be made in U.S. currency. However, if any check or ofher <br /> inshument received by Lender as payment under ihe Note or this Security Iasmiment is returned to Lender unpaid, <br /> Lender may require that any or all subsequent payments due under the Note and this Security Insuument be made in <br /> one or more of the following £orms, as seleeted by Lender. (a)casfi; (b)money order; (c)cextified check, bank <br /> check, lreasurer's check or casIuer's check,provided any sucb check is drawn upnn an instihrtiom whose deposits <br /> aze insured by a Federal agency,inshvmentality,or entity;or(d)Elechonic Funds Tlansfer. <br /> Payments aze deemed received by Lender when seceived at the location designated in the Note or at such other <br /> locadon as may be designated by Lender in accordance with the norice provisions in Secrion 15. Lender may return <br /> any payment or partial gayment if the payment or pariiai payments aze insufficient to bring the Loan cucrent. <br /> Lender may accept any payment orpartial payment insufficient to bring the Loan current, without waiver of any <br /> rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future,but Lender is not <br /> obligated to apply such payments at the time such payments aze accepted. Tf each Periodic Payment is applied as o£ <br /> its scheduled due date, then T,ender need not pay interest on unapplied funds. Lender may hold such unapplied <br /> funds until Borrower makes payment to bring the Loan current. Tf Borrower does not do so within a reasonable <br /> period of time,Lender shall either apply such funds or retum them to Borrower. If not applied eariier, such fimds <br /> will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or <br /> clami which Borrower might have now or in the fuhtre against Lenda shal) relieve Borrower from making <br /> payments due under the Note and this Security Inshument or perfornting the covenants actd agreemeuts sectued by <br /> this Security Instrument <br /> Z. Application af Payments or Proceeds. Except as otherwise described in this Section 2, all payments <br /> accepted and applied by Lender shall be applied in the foIIowing order oFpriority: (a)intesest due uuder the Note; <br /> (b)principal due under the Note; (c)amounts due imder Section 3. Such payments shall be appHed to each Peziodic <br /> Payment in the order in which it became due. Any remaining amounis shall be applied first to late charges,second <br /> to any oYher amounts due mmder this Security Instrument,and then to reduce the principal balance of the Note. <br /> If Lender receives a payment from Eorrower for a delinquent Periodic Payment wfiich includes a sufficient <br /> amount to pay auy late chatge due, dxe payment may be applied to the delinquent payment and the late chazge. IF <br /> more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the <br /> repaymeat of the Periodic Payments if, and to the extent that,each payment can be paid in fuII. To flte extent that <br /> any excess exists after tfie payment is applied to tfie full payment of one or more Periodic Payments, such excess <br /> may be applied to any late chazges due. Volunfary prepayments shall be applied first to any prepay�ent charges <br /> and then as described in the Note. <br /> Any applicarion ofpayments, insurance proceeds, or Miscellaneous Proceeds to principaI due undet the Note <br /> shall not extend or postpone the due date,or change the amoimt,of the Periodi Pay�me�/ts,/. <br /> Initials:� .Ll� <br /> iVEBRASICA—Si¢gle Family—Fannie MaelFreddie Mac i7NIFOR�I INSTRUBiENT Farm 3028 1/01 (page 3 oJ73 pages) <br />
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