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201600037
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Last modified
7/21/2017 2:38:10 PM
Creation date
1/5/2016 8:48:01 AM
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DEEDS
Inst Number
201600037
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2� 1 ����37 <br /> . <br /> B�RR�WER C�VENANTS that Borrower xs la�rfully sexsed of the estate hereby con�reyed and has the right�o <br /> grant and con�rey the Property and tha��he Property xs unen�umbered, except for encumbrances�f recard. <br /> Barrower warrants and wiii defend generalxy�he�itl�to�he Frnperty agains�al�claims and demands, subje���o <br /> any encumbrances of record. <br /> THIS SE�URITY INSTRUM�NT combines uniform co�enants far natianal use and non--urufarm c��enan�s with <br /> 1�mited�ariations by jur�sd�ct�on to constitu��a uniform security ins�rum�n�covering real prop�rt�. <br /> Uniform Ca►�enants. Borrower and Lender co�enant and agree as fo��ows: <br /> 'I, P�yment of Przncrpal, Interest, Escrow ltems, Prepaym�nt Charges, and L�te Charg�s. Borrov�rer <br /> sha.I�pay when due the principal of, and in�eres�on, the de�t e�idenced by�he Note and any prepa�ment <br /> charges and iate charges due under the Nfote. Borrower shal.�also pay funds for Escraw Ztems pursua�nt�o <br /> S�ction 3. Payments due under the N�te and this Secu.ri.�Instrument shall be mad�in U.S. CliT1'�I1C�. <br /> Howe��r, if any check or other instrum�nt r�cei�ed b�r Lender as payment under the Noxe or th�s Secur�ty <br /> Instrument is returned ta Lender unpaid, Lender ma.y requxre that any or al.i subs�quent payments due under <br /> �he Note and�his Se.�urity Instrument be made�n one nr more of�h�fo��awing fnrnis, as sele�c�ed by Lender: <br /> �a}cash; �b}mon�y order; �c}ce�ified che,�k, bank check, treasurer's check or cashier's check, pravided any <br /> such check is drawn upon an in�t�tu���n who5e deposits are�nsur�d by a f�d.eral agency, �nstrumental.ity, or <br /> entity; or(d} Exec�ronic Funds Transfer. <br /> Payments are deemed rece��ed by Lender when r�ceived at the loca�ion designa�ed in the N ote or at such <br /> �ther laca��on as may be des�gna.t�d by Lender in a�cordance with�he notice pro�is�ons xn S�ct�on �5. <br /> Lender may return any payment or partial payment xf the payment or partial payments ar�insufficienx�o <br /> br�ng the I.�an current. Lender may accegt any payment or par�ia.I payment insufficien��o bring�he Lc�an <br /> current, vvithout wa�ver af any r�gh�s hereunder ar prejudice�o its rights to refuse such payment or par�ial <br /> paym�nts xn the future, but Lend�r is n�t o�xigated to appiy such payments a��he time such payments are <br /> accepted. Zf each Per�odic Payment is app�xed as of��s scheduZed du�date, then Lender need not pay xnter�st <br /> vn unapplied funds. Lender may hvid such unapp��ed funds until Borrower makes payments to br�n.g th.e <br /> Loan curr�nt. �f Borrower daes no�do sa within a reasonable period af time, Lender sha1.X exther apply such <br /> funds or return them to Borrawer. If not applied earlxer, such funds wi�I be applied�o the autstanding <br /> princxpal balance under the Nate�mmediatel�prior to foreG�osure. No affset or c�axm which Borrower migh� <br /> have now or xn the future against Lender sha�� relie�e Borrower from making paymen�s due under the Note <br /> and this S�curity Zns�rument ar perfarming�he covenants and agreements se.cured b�xhis Security <br /> �ns�rument. <br /> 2. ►4pp��catian of Payments or Praceeds. Except as otherwise described in this Sect�on 2, aii paymen�s <br /> accept�d.and applied by Lender sha11 be appl�ed in fihe following arder�f prior�ty: �a} interest due under the <br /> No�te; �b}pr�ncipal due un.der�he Note; ��} amounts du�under Sec�ion 3. Such pa�ments shalx be applied to <br /> each Period�c Payment in the order in�hich it became due. Any remai.ning amounts shalx be appx�ed first t� <br /> �ate charges, second ta any o�her amounts due under this S�curity�ns�rumen�, and�hen to recluce the <br /> principal balance of the Na�e. <br /> Zf Lender receives a payment from R�rro�►ver far a deli.nquen�Periodic Payment whxch incXudes a suff'lcien� <br /> amflunt to pay any late charge due, �he payment may be applied ta the delinquent payment and th�Iate <br /> charge. If more than one Per�adic Paymen�is outs�anding, Lender ma�appl�an�pa�ment recei�ed from <br /> Bvrrower to the repaymen�of�he Periodic Payments if, and ro th�exten�that, each payment can be paid in <br /> fui�. To�he extent�hat any excess exis�s after�he payment�s app�ied ta the full paymen�of one or more <br /> Per�odic Payments, such excess may be applied�o any Iatie charges due. Voluntary prepayments sha1�be <br /> app�xed firs��o an�prepayment�harges and then as descr�bed in�ie Note. <br /> NEBRASKA-Singls Family-�annie NiaslFrsddie Mac UNIF�RM[NSTR�M�NT �orm 3�28 1ID'1 <br /> VMP� VMPB{NEy{130�f.�D <br /> �l�lofters Kluwer F�nancia�5ervices Page 4 of 9 7 <br />
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