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201304874
<br /> TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br /> appurtenances,and fixtures now or hereafter a part of the property,All replacements and additions shall also be covered
<br /> by this Security Instrument,A11 of the foregoing is referred to in this Security Instrument as the"Property."
<br /> BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br /> grant and convey the Property and that the Property is unencumbered,except for encumbrances of record.Borrower
<br /> warrants and will defend generally the title to the Property against all claims and demands,subject to any encumbrances
<br /> of record.
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
<br /> limited variations by jurisdiction to constitute a uniform security instrument covering real property,
<br /> UNIFORM COVENANTS.Borrower and Lender covenant and agree as follows:
<br /> 1.Payment of Principal,Interest,Escrow Items,Prepayment Charges,and Late Charges.Borrower shall pay
<br /> when due the principal of,and interest on,the debt evidenced by the Note and any prepayment charges and late charges
<br /> due under the Note.Borrower shall also pay funds for Escrow Items pursuant to Section 3.Payments due under the Note
<br /> and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by
<br /> Lender as payment under the Note or this Security Instrument is returned to Lender unpaid,Lender may require that any
<br /> or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following
<br /> forms,as selected by Lender:(a)cash;(b)money order;(c)certified check,bank check,treasurer's check or cashier's
<br /> check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency,
<br /> instrumentality,or entity;or(d)Electronic Funds Transfer.
<br /> Payments are deemed received by Lender when received at the location designated in the Note or at such other
<br /> location as may be designated by Lender in accordance with the notice provisions in Section 15.Lender may return any
<br /> payment or partial payment if the payment or partial payments are insufficient to bring the Loan current.Lender may
<br /> accept any payment or partial payment insufficient to bring the Loan current,without waiver of any rights hereunder or
<br /> prejudice to its rights to refuse such payment or partial payments in the future,but Lender is not obligated to apply such
<br /> payments at the time such payments are accepted.If each Periodic Payment is applied as of its scheduled due date,then
<br /> Lender need not pay interest on unapplied funds.Lender may hold such unapplied funds until Borrower makes payment
<br /> to bring the Loan current.If Borrower does not do so within a reasonable period of time,Lender shall either apply such
<br /> funds or return them to Borrower.Tf not applied earlier,such funds will be applied to the outstanding principal balance
<br /> under the Note immediately prior to foreclosure.No offset or claim which Borrower might have now or in the future
<br /> against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or
<br /> performing the covenants and agreements secured by this Security Instrument.
<br /> 2.Application of Payments or Proceeds.Except as otherwise described in this Section 2,all payments accepted
<br /> and applied by Lender shall be applied in the following order of priority:(a)interest due under the Note;(b)principal due
<br /> under the Note;(c)amounts due under Section 3,Such payments shall be applied to each Periodic Payment in the order
<br /> in which it became due.Any remaining amounts shall be applied first to late charges,second to any other amounts due
<br /> under this Security Instrument,and then to reduce the principal balance of the Note.
<br /> If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount
<br /> to pay any late charge due,the payment may be applied to the delinquent payment and the late charge,If more than one
<br /> Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the
<br /> Periodic Payments if,and to the extent that,each payment can be paid in full.To the extent that any excess exists after
<br /> the payment is applied to the full payment of one or more Periodic Payments,such excess may be applied to any late
<br /> charges due.Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note,
<br /> Any application of payments,insurance proceeds,or Miscellaneous Proceeds to principal due under the Note shall
<br /> not extend or postpone the due date,or change the amount,of the Periodic Payments,
<br /> 3. Funds for Escrow Items,Borrower shall pay to Lender on the day Periodic Payments are due under the Note,
<br /> until the Note is paid in full,a sum(the"Funds")to provide for payment of amounts due for:(a)taxes and assessments
<br /> and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property;
<br /> (b)leasehold payments or ground rents on the Property,ifany;(c)premiums for any and all insurance required by Lender
<br /> NEBRASKA-Single Family-Fannle Mae/Freddie Mac UNIFORM INSTRUMENT Form 302$ 1/01
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