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201403361
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Last modified
7/20/2017 11:21:13 AM
Creation date
6/6/2014 11:49:26 AM
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DEEDS
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201403361
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��14�33�1 <br /> BC]RR��V�R��VENANTS that Borrower is �awfu��y seised of the�s�a��hereby conveyed and has the righ� to <br /> brant and convey the Property and that �he Proper�y is unencum�ered, �xcept for encumbranc�s of re�ord. <br /> Borrow�r warrants and wi�l def�nd genera�ly the t�tle�o �he Property against all cia�ms and d�mands, subject to <br /> ar�y�ncumbran�es of rec�rd. <br /> TH�S SE�U��TY �NSTRUMENT�ombines un�form covenants far nat�onal use and non-uniform covenants with <br /> l�mi�ed varzat�ons b�jurisdic�ian�o canst�tu�e a un�farm secur��y ins�rument c�ver�ng real proper�y. <br /> Un�farm Co�enants. Barrower and L�nder covenan�and agree as fn�lows: <br /> 7. Pay�ent of Principa�, Inte�est, Escr�►rv Items, Prepayment ��a�g�s, and Late Charges. Borrati�er <br /> shai�pay when due�he princ�pa� of, and�nter�s�on, th�debt evidenced by th� No��and any prepaymen� <br /> charges and�ate charges due under the N���. BorrQ�ver shail a�s�pay funds for Escra� ��ems pursuan� �a <br /> ��cti�n�. Payments due under the Nat�and this Secur�t� �nstrumen�sha�� be rnade in U.S. curren��. <br /> �o�vever, �f any cheGk or o�her ins�rument recezved by Lend�r as payment under the Nate ar�h�s Securi�y <br /> �nstrument is returned�o Lender unpaid, Lender may require tha� any or a�� subsequen�payrnfents due und�r <br /> the No�e and�h�s Security�nstrumen��e made in one or more�f�he fo�Iawzng farms, as sele��ed by Lender: <br /> �a}cash; �b} mon�y�r�.er; �c} c�r�ified check, bank check, treasurer's check or ca�hier's check, pravided any <br /> such check�s dra�n upon an�ns�i�utinn�h�se depas�ts are�nsured by a federa� agency, �nstrumentality, or <br /> entity; or�d} Eiectronic Funds Transfer, <br /> Pa�rments are deemed rece��ed by Lender vvhen r�c�iv�d a�the Iocati�n des�gnated i�the I`iote or at such <br /> other lo�atian as may b�designated by L�nder�n accardance with�he nati��pravisians in Sect�on �5. <br /> Lender may re�urn any payment or par�ial payment if�he payment or par�ia� paym�nts are �nsuffi�zent to <br /> bring the L�an Current. Lender may accep�any paymen�ar part�al pa�ment insuf�ic�ent t�br�ng�he Loan <br /> curren�, vvi�h�u�wa�ver of any r�ghts hereunder ar prejudice ta i�s righ�s�o r�fuse such payment or par��a� <br /> payments in the future, but Lender is n��ob��gated to app�y such paym�nts at the��me such pa�ments are <br /> accep�ed. �f each Per�odic Payment�s app�ied as of its sch�du�ed due date, then Lender need not pay �nt�r�s� <br /> on unapplied funds. Lender may hold such unappl�ed funds un�x� �orrflv�er makes payments to bring�he <br /> Loan curr�n�. �f Borrawer daes no�dn so wi�hzn a r�asonable period of�ime, Lender sha�l either app�y such <br /> funds or re�urn them to Borrflwer. �f not applied earlier, such funds wzl� b�appl�ed tQ the�utstand�ng <br /> prin�ipal balanCe under the N�t��mmed�a�ely prior to forec�o�ure. No affset ar claim wh�ch Borrower m�gh� <br /> ha�e no�or�n�he future aga�nst L�nd�r shall re��e�e Borrovver frorn�.making pa�men��due under�he�a�e <br /> and th�s Secur�ty�nstrum�n�or perf�rm�ng�he cavenant�and agreements secured b��h�s�ecurit� <br /> �ns�rument. <br /> 2. Applicatian vf Payments or Proceeds. Exc�pt as oth�r��se described xn this Se�tion�, at�paymen�s <br /> acCepted and appl�ed by L�nder sha���e app���d�n the fo�ia�ving nrd�r of priar��y: �a} interest du�under the <br /> I�iote; �b}principal due under the�ote; �c} amounts due under Secti�n 3. Such payments shall be app�ied�a <br /> each Periodic Paymen�in the ord�r in vvhich i�b�came due. Any remaining amounts shall b�app�ied first to <br /> �ate charges, secand�� any other amounts due under�his Secur�ty �nstrumen�, and then t� reduce the <br /> pr�n�ipal ba�ance of�he �V�te. <br /> �f Lender recezves a payment from Bflrrow�r for a d���nquent Perzadic Payment wh�ch includes a suf�c�ent <br /> amount to pay any late charge due, th�payment may b�applied to the d���nquent payment and th�Iat� <br /> charbe. �f more than flne Peri�d�c Payment �s outs�and�ng, Lend�r may appiy any paymen� re�ezved from <br /> Barrovver to th�r�payment af the Per�od�c Payments if, and t�the exten��hat, �ach paym,ent can be paid in <br /> fu��. To the extent that any e�cess ex�sts after the paym�nt is applied to the full paymen�of one or more <br /> Periadic Payments, such excess may be app��ed to any late charges due, Valun�ary prepayments sha�l b� <br /> app�ied�rs�t�ar�y prepa�ment�harges and then as descr��ed in the Nate. <br /> NESRASKA-5ingle Famiiy-Fannie Mael�reddie Mac UNIFORM iNST�UM�NT �vrm 3Q28 f10� <br /> VMP Q VMPB(N���13�2) <br /> Wvtters Kluwer�inanciat 5enrices Page 4 af 17 <br />
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