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20�20�860
<br />BORRO WER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has ihe
<br />right to grant and convey the Properry and that the Property is imenc�unbered, except for enciunbrauces of record
<br />Borrower warrants and will defend generally the title to the Property against all clauns and demands, subject to
<br />any encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenents for national use and non-uniform
<br />covenants with limited variations by jurisdiction to consritute a uniform security ins�umant covaring real
<br />property.
<br />LINIFORM COVENANTS. Borrower and Lender covenant and agee as follows:
<br />1. Payment ot Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges.
<br />Borcower shall pay when due tha �mncipal o� and interest on, the debt evidenced by the Nota and any
<br />pregayment chazges and late charges due undar tha Note. Borrower shall also pay fiwds for Escrow Items
<br />pursuant to Section 3. Payments due under the Note aad this Security Instrument shall ba made in U.S. currency.
<br />However, if any check or other instrument received by Lander as payment under the Note or this Security
<br />Instiument is retumed to Lender unpaid, Lender may require that any or all subsequent paymenta dua under the
<br />Note and this Security Instrument ba made in one or more of the following forms, as selected by Lender. (a) cash;
<br />(b) money order, (c) certifi�l check, bank check, treasurer's check or cashier's check, provided any such
<br />check is drawn upon an institution whosa deposits are insiued by afederal agency, instrumentaliry, or enrity; or
<br />(d) Electronic Funds Transfer.
<br />Payments are deemed received byLender when received at the location desipnated in the Note or at such
<br />other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender
<br />may retum any payment or partial payment if the payment or partial payments are insufficient to bring the Loan
<br />cwrent. Lendermay accept any payment or partial payment insufficient to bring tha Loan cturent, without waiver
<br />of any rights hereunder or prejudica to its nght� to refusa such payment or partiai payments in the future, but
<br />I.ender is not obligated to app1y such payments at tha time such paymen� are accepted if each Periodic Payment
<br />is applied as of its scheduled due date, then Lenderneed not pay mterest on unapplied fimds. Lender may hold
<br />such imapplied funds until Bonowermakes paymentto bring the Loan current IfBorrower does not do so withm
<br />a reasonable period of time, Lender shall erther apply such funds or retum them to Bonower. If not applied
<br />earlier, such fimds will be applied to the outstandmg principal balance imder tha Note immediately prior to
<br />foreclosure, No offset or claim which Borrower miglit have now or in the firture against Lender shall relieve
<br />Borrower from maldng payments due under the Note and this Security Instrument or parforming the covenants
<br />and agreemanm secured by Uris Security Inshvmant.
<br />2. AppIication of Payments or Proceeda Except es otherwise descn'bed in this Section 2, all
<br />payments accepted and agplied by Lender shall be applied intha foIIowing order ofpriority: (a) interest due under
<br />the Note; (b) principal due �der the Note; (c) amounts due vnder Seccion 3. Such payments shall be applied to
<br />each Periodic Payment in the order rt► which it became due. Any reroaining emounts shall be applied fust to late
<br />charges, second to any other amounts due imder this Security Instrument, and then to reduce the principal balance
<br />of the Note.
<br />If Lender receives a paymem from Borrower for a delinquent Periodic Paymenx which includes a
<br />sufficient amount to pay any lata charge due, tlie payment may be applied to the delinquent payment and the late
<br />charge. If more than one Periodic Payment is outstantiing, Lender may apply any payment recaived from
<br />Borrower to the repayment of the Periodic Payments i� and to the axteat that, each payment can be paid in full.
<br />To the exteat that any excess exists after thepaymant is applied to the full paymeat of ona or more Periodic
<br />Payments, such excess may be applied to any late charges due. Voluntary prepayments shall ba applied first to
<br />any prepayment charges and then as descnbed in tha Nota.
<br />Aay applic�tion of payments, insutance proceeds, or M'iscellaneous Proceeds to principel due ttttderthe
<br />Note shall not extend or postpone the due date, or charga the amoimt, of the Periodic Payments.
<br />3. Funds for Escrow Items. Boaower shall pay to Lender on the day Periodic Payments are due
<br />under the Note, untY7 the Note is paid in fiilf, a sum (the "Funds'� to provide for paymant of amounts due for: (a)
<br />taxas and assessments and other items which can attain priority over this Secunty Instnmietrt as a]iep or
<br />encumbrance on the Property; (b) leasehold paymems or ground rents on the Properly, if any; (c) premiums for
<br />any and all insurance required by Lender imder Sectton 5; and (c� Mortgage Insurence prertvwms, if any, or any
<br />sums payable by Borrower to Lender in lieu ofthe paymant of Mortgage Insurance �remiums m accordance with
<br />the prov�sions of Section 10. These ite� aze callad "Escrow Items" At originatton or at any tima during the
<br />term of the Loan, Lender mayrequire that Community Association Dues, Fees, and Assess�nts, if any, be
<br />escrowed by Borrower, and such dues, fees and asses�ents shall be an Esctow Itam. Boaower shall prompfly
<br />fumish to Lender all notices of amonnts to be paid under this Section. Borrower shall pay Lender the Funds for
<br />Fscrow Items imless I.ender waives Borrower's obligation to pay the Funds for any or all Escrow Itema. Lender
<br />ma� waive Borrower's obli�ation to pay to Lender Funds for any or all Fscrow Items at any tima. Any such
<br />watver may only be in wriUng. In tha avent of such weivar, Bocrower shall pay directly, when and where
<br />payable, the amoimts due for any Escrow Items for which payment of Fimds hes been waived by Lender end, if
<br />Lender requires, shall fiunish to Lender receipts evidencrog such payment within such time period as Lender may
<br />require. Borrower's obligation to make such payments and to provide reca�pis shall for all p�uposes be deemed to
<br />be a covenant and agreement contained in this Security Instrument, as the phrasa "covenant and agreemenY' is
<br />used in Secrion 9. If Borrower is obli� to payEacrow Items direcdy, pius�t to awaiver, and Borrower fails
<br />to pay the amount due for en Escrow tem, Lender may exercisa i� rights under Sectioa 9 and pay such amount
<br />and Boaower shall thea be obGgated imder Section 9 to repay to Lender any such amount Lender may ravoke
<br />the waiver as to any or all Escrow Items at any time by a nonce �iven m accordance with Section 15 and, upon
<br />such revocarion, Borrower sha71 gay to Lendar all Funds, and in such amounts, that are then requirad underthis
<br />Section 3.
<br />Lender may, at any time, collect andhold Funds in an aawimt (a� sufficient to permit Lender to apply the
<br />Funds et tha timespecifed under RESPA, and (b) not to exceed the maxmium amount a lender �n rCquire imder
<br />RESl'A. Lender shall estimate the amount of Funds due on the basis of current data and reasonable esti�¢rdtes of
<br />expenditiues of future Escrow Items or othaiwise m accordanca with Applicxble Law.
<br />Tha Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentaliry,
<br />or entity (including Lender, if Lendar is an institution whosa deposits aze so ms�ue� or in any Federal Home
<br />Loan Bank. Lander shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA.
<br />Lender shall not charge Borrower for holding end applying the FLnds, annually enalyting the escrow account, or
<br />verifying the Escrow Items, unlass Lander pays Boaower intarast on the Funds and Applicable I,aw pem�its
<br />NEBRASKA—Singla Famfly—Fnnnle Mae/Freddie Mac UN7FORM 1NS7'BUIVILNT Form 3028 ]/Ol (page 3 oj9 pagas)
<br />9�s4.cv(7nt) 49o0to7.BO7 � GY�flveThtnkiog,Iac.
<br />GOTO(003fr741J
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