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201604506
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Last modified
7/24/2017 2:35:32 PM
Creation date
7/18/2016 10:12:34 AM
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DEEDS
Inst Number
201604506
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2� 1 ��45�� <br /> whose depos�ts are �nsured by a federal agency, instrumentality,or entity;or�d�Ele�troni�Funds <br /> Transfer. <br /> Payments are deemed received by Lender when recei�ed at the location designated in the Note or <br /> at such other location as may be designated by Lend�r in accordar�ce with the notice provisians in <br /> Section 15. Lender may return ariy payment or partial payment if the payment or partial payments are <br /> �nsuffcient to bring the Loan current. Lender may accept any payment�r partial payment insuff"1cient <br /> to bring the Loan current,without wai�er of any right�hereunder or prejudice ta its r�ghts tv refuse <br /> such payment or partial payments in the future,�ut Lender is not obligated to apply such payments at <br /> the time such payments are accepted. If ea�h Periodic Payment is applied as of its s�heduled due date, <br /> then Lender need not pay interest on unapplied funds. Lender may hald such unapplied funds until <br /> Borrower makes payments to bring the Loan current. If Barrower does not do so within a reasonab�e <br /> period of time,Lender sha11 either apply such funds ar return them to Borrower. If not applied earlier, <br /> such funds wil�be appl�ed to the outstand�ng principal balance under the Note immed�ate�y priar <br /> to foreclosure.No offset ar claim which Borrower might ha�e now�r in the future against Lender <br /> shall relie�e Borrower from making payments due under the Note ar�d this Security Instrument or <br /> performing the covenants and agreements secured by this 5ecurity Ir►strument. <br /> 2. Application of Payments or Proce�ds. Except as oth�rwise des�ri�ed in this Section 2, <br /> all payments accepted and applied by Lender shall be applied in the following order of priority: � <br /> (a} interest due under the Note;(�}principal due under the Note;�c}amaunts due under Section 3. <br /> Su�h payments shall be appl�ed to each Periodi�Payment in the order ir►which it be�ame due. Any <br /> remaining amounts shal�be applied first to �ate charges, second to any other amounts due under this <br /> Security Instrument, and ther�to reduce the principal ba�an�e of the Note. <br /> If Lender receives a payment from Borrawer for a de linquent Periodic Payment wh ich inc ludes a <br /> suff��ient am�unt ta pay any late�harge due,the payment may be applied to the delinquent payment <br /> and the late�harge. If more than one Periodic Payment is outstand�ng, Lender may apply any payment <br /> rece��ed from Borrower to the repayment of the Period�c Payments if,and to the extent that,each <br /> payment�an be paid in full.To the extent that any excess exists after the payment is applied to the <br /> full payment of one or more Periodic Payments, such excess may be applied to any late charges due. <br /> Volunta�y prepayments shall be applied first to any prepayment charges and then as described in the <br /> Note. <br /> Any appl�cation of payments, insuran�e proceeds,or Miscellaneous Pr�ceeds tv principal due under <br /> the Note shall not extend or postpone the due date, ar change the amount,af the Periodic Payments. <br /> 3. Funds for Escrvw Items. Barrower shall pay to Lender on the day Periodic Payments are <br /> due under the Note,until the Note is paid in full,a sum�the "Funds")to pro�ide for payment af <br /> amounts due for; �a}taxes and assessments and�ther items which can attain priority o�er this Security <br /> Instrument as a lien vr en�umbrance on the Property;(b)leasehald payments or graund rents on <br /> the Property, if any;��}premiums for any and a��insurance required by Lender under Section 5; <br /> and(d}Mort�age Insurance premiums, if any,or any sums payab�e by Borrower ta Ler�der in lieu <br /> of the payment of Mortgage Insurance premiums in accordance with the pro�isions of Section 1 U, <br /> The�e items are calied"Escrow Items."At orig�r►ation�r at ariy time during the term of the Loan, <br /> Lender may requ�re that Community Association Dues, Fees,ar�d Assessments, if any,be escrowed <br /> HCFG-00359 <br /> NEBRASKA-5ingle Famify-Fannie MaelFreddie Ma�UNIFflRM INSTRUMENT Form 302811�1 <br /> 11MP� 17I15 <br /> Wqolters Kluwer Financial 5er�ices 2016063015.3.2.3509-,f�01fi01Z�Y Pa�e 4 aF 17 <br /> . . <br />
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