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201601853
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Last modified
7/23/2017 10:24:23 AM
Creation date
3/30/2016 9:21:30 AM
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DEEDS
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201601853
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2� 1 �� 1853 <br /> B�RR�WER CC]VENANTS�hat Borrower�s�awfu�ly�e�s�d of�he es�ate hereby c�nveyed and has th�righ�to <br /> grant and�anvey the Propert�and that�he Proper�y �s unen�umbered, ex�ep� for encumbrances of record. <br /> Borrov�er warran�s and wi�� defend g�nera�ly ��.���tle�o �he Prop�r�y aga�nst a�� claims and demands, sub�ect to <br /> any en�umbrances af rec�r�. <br /> TH�S�ECURITY INSTRUMENT comb�nes un�form cflvenants for na��ona� use and non-uniform co�enants with <br /> �imi�ed var�a���ns by jur�sd�ct�on t�constitut�a un�form s�curzty ins�rum�nt co��ri�g real pr�per�y. <br /> Uniform CflWenants. Borrower and L�nder cavenant and agree as fol�ows: <br /> 1. Payment nf Principa�, Inter�st, Escrnw Items, Prepayment Charges, and Late �har�es. B�rrower <br /> shall pa�wh�n du�the principal�f, arid int�rest on, th�deht ev���nce�by�he Note and any prepaymen� <br /> charges and�ate charg�s due under�he Note. Borr�v�er sha�� a��o pay funds fflr Escro� Items pursuan�to <br /> Sec�ion 3. Paynlen�s due under�he Note and th�s S�cur�t�r �nstrumen�shal�be made in U.S. currency. <br /> �3owever, if any check or other�nstrument received by Lender as payment under the Note or th�s Se�urit� <br /> Instrurn�n� is re�urn�d to Lender unpaid, Lender may require�hat any ar all su�sequent payments due under <br /> the No�e and th�s S�curit� Instrumen�be made in one or m�re of the fo��awing forms, as se�ec�ed b�L�nder: <br /> �a}cash; ��}money�rder; �c} c�r�i�ed check, bank check, �reasurer's check or�ash�er's ch��k, pro�ided any <br /> such check zs�irav�n upon an institution wh�se deposits are insured by a federa� agency, instrumen�a����r, or <br /> en�ity; or�d} E�ectr�niC Funds Transf�r. <br /> Paymen�s are deexned received�y Lender vvhen re�eived at the�acatian designated in the N�te�r at such <br /> o�her�oca��on as may be des�gna�ed by Lender in acc�rdance with�he no�ice provis�ons zn�ect�on �5. <br /> Lender ma�return any paymen�ar par�ial payment if the payment or partia�payments are znsuf��ient to <br /> bring the Loan curren�. I�ender may ac�ept any paymen��r partia�pa�m�nt insuf�c��n��o bring th�Loan <br /> curr�nt, wzt��ut waiver of any r�gh�s h�reunder ar prejudice�o �ts rights t�refuse such payment or parria� <br /> paym�nts in the future, bu�Lender�s not ob�zga�ed�o app�y suc�.paym.ents at the time su�h paymen�s are <br /> accept�d. �f�ac� Per�od�c Payment is app��e�as of��s scheduled due date, then Lender need na�pay interest <br /> on unapp��ed funds. L�nder ma�ho�d su�h unapp�ied funds until Borrower makes payments to�r�ng the <br /> L�an current. �f Borrow�r do�s not do so wi�hin a reasanable perxod of�irne, Lend�r�ha11 ei�h�r app��r such <br /> funds or return th�m�a Borrower. �f not app��ed ear���r, �uch funds�v���be applied�o the ou�stand�ng <br /> przncipal balance under the Note immedia�e�y prior to f�rec�a�ure. No offset or claim whzch Borrawer migh� <br /> have naw or in�h�future against Lender sha�� relieve Borrower fram mal�ing payments du�under the Not� <br /> axad th�s Security Instrument�r performing the cavenants and agr�ements secured by�hi� Securi�� <br /> Instrum�nt. <br /> 2. Appii�ation of Paym�nts vr Prvc��ds. Except as otherwise described in this Se��ion 2, a��payments <br /> aCcep�ed and applied by Lender sha1l be applied in the fo��awing order of priarity: �a� �nter�st due und��r�h� <br /> Note; �b}principal due under th�Nnt�; �c} amounts due und�r Se��ion 3. Such pa�rments shall be app��ed to <br /> each P�r�od�c Payment�n�he order in wh�ch it be�ame due. Any remaining amounts shall�e appl�ed�rst to <br /> �at�charges, s�cond�o any other amaunts due under�hxs Secur��y �nstrument, an�i then�a reduc��he <br /> pr�nc�pal.balance of the Note. <br /> If L�nder receives a payment from Borrower f�r a delinquent Period�c Payment�hich �nc�udes a suff�cient <br /> amoun�to pay an�late charge due, the paymen�may be app�ied to�he delinquent payment a�ad�he la�� <br /> charge. �f more than one Periodic Payment is�utstanding, Lender may apply any pay�rn.ent recei�ed frnm <br /> Borraw�r t�the repayment of the Per�odic Pa�rmen�s if, and to the extent�hat, each pa�rment�an be pa�d in <br /> ful�. To �he exten��hat any excess exists aft�r the pa�ment is app�ied ta th�fu��paym�nt�f�n�or rnore <br /> Period�c Payments, such���ess may b�applied�o any iat�charges du�. Voluntary prepayments shal�be <br /> applied�rst�o an�r prepayment�harges and then as described�n the Note. <br /> N�BRASKA-5ingle Farr�ily-Fanni�MaelFreddis Mac UN�FORM INST�tUM�NT Fvrm 3�28 1la7 <br /> VMP Q VMP6�N�y t1302� <br /> Wolters Kluwer�inancial Ser�ices Page 4 of 17 <br />
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