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201606583
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Last modified
7/24/2017 3:50:44 PM
Creation date
10/3/2016 12:46:20 PM
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DEEDS
Inst Number
201606583
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2� 1 ���583 <br /> B�R.R�WER ��VENANTS that Borrower is lawfully sei�ed of the �state hereby con��yed and has the <br /> righ�to gran�and con�ey the Property and�hat the Praperty is unencumbered, �xcept for encu�m�rances af record. <br /> Borr.ower warrants ar�d wi11 defend gex�erally�he title to the Property against all claims and demands, subject to any <br /> encumbrances of record. <br /> THIS SECURITY TNSTRLTMENT combines uniform ca�enants for national use and non-uniform <br /> ca�enants with�imited variat�nns by jurisdic��on to constitut�a ur�iform security instrument c�v�ring r�a1 property. <br /> UNIFaRM C�VENANTS. Borrower and Lender co�enant and agree as follows: <br /> 1. Payment of Principa�, Interest, Escrow Items, Prepayment �harge�, and Late Charges. <br /> Borrower shall pay when due the prir�cipal of, and�n�erest on,the debt ev�denced�y the No�e a�d ax��prepayment <br /> charg�s and�ate charges due und�r the Nate. Borrower sha11 a�so p�y funds for Escrow Items pursuant to Section 3. <br /> Payments du�under the Note and�his Secur�ty Instrument sha�1 be made�n U.S.currency. Howe�er,�f any ch�ck or <br /> other instrurnent recei��d by Le�der as payment under the Ivot� �r this Security Instrument is returned�o Lender <br /> unpaid,L�nd�r may require that any or a11 subsequent payments due under trie Nate and th�s Secur�ty Instrument be <br /> made in one or more of the f�llow�ng forms, as se�ected by Lender: �a}cash; �b�m�ney order; �c�cer�ified check, <br /> bank check, treasurer's check or cashier's check, pro�ided any such check is drawn upon an instituti�n vWhose <br /> deposi�s are insured by a federal agency,instrumentality,or entity;or�d}Electronic Furads Transfer. <br /> Payments are deemed recei�ed by Lender vvhen received a�the locatian designated in the Note or at such <br /> other lacat�on as may be designa�ted by Lender in accardance with the notice provi�ians in Section 15. Lender may <br /> retuln any payment or partial payment if the payment or partial payments are in�ufficient to bring the Loan current. <br /> Lender may accept any payment or partia� payment �nsuffici�nt ta bring the Loan current, without wai�er af any <br /> rights hereunder or preju��ce�o its r��hts to refu�e such payment or partial p�yrr�ents i�the future,but Lender is no� <br /> �bliga��d to apply�uch pa�me�ts at t�h�time such payments are ac�epted. If ea�h Per�odic Faymer�t is appl�ed a�vf <br /> its scheduled �due date, th�n Lend�r �e�d not pay inter�st �n unapplied fun.ds. I�ender �ay hold su�h unappli�d <br /> funds unt�l Burr�wer mak�s ��ymen�to bring the Lo�.n curr�r�t. If B�rrow�r dv�s n�vt do s� withir� a reas�nable <br /> per�od af time, L�nder sha�1 either apply such funds or return�h���o Borrow�r. If not appl�ed earlier, such�unds <br /> wi�1 be app�ied to the outstanding prir�cipal�ba�an��under�a�Na�e ix�med�ate�y prior�o fareclasure. N� offset vr <br /> elaim which Borrow�r�i�ht ha��now vr in the futur�against L�r�der shall relieve Boxrower fram ma�in�paymen�s <br /> due u.a��er th� Note and t�x� S�curity Instrument ar perform�n� the �o����nnts and agreem�nts secured by tllis <br /> Security�r�strument. <br /> 2. Appiicatron of P�ym�m#s vr Pro�eeds. �xcept as o�herwis�descri�e�in�his Sec�ion�,a1��ayments <br /> ac�epted an�appl��d by�.ender shall be applied ir�the fol��win�vr�der of��riority: (a}inte�est due u.r��er tk�e Nate; <br /> �b)principal du�under t��Note;���a�our�ts du�und�r��ction�. �u�h paynlents�ha�l b��pplied tv each Periodic <br /> Payment in the o�'d�r i.r�.whi��i�becan�.e du�. Any r�mai�aing a�nounts�hall be applied f�rst t� late c�a�ge�, se�ond <br /> to any at�er amau.n�s due under this�ecurity Instrument,and�he��o reduce th�p�incipal balance of�he No�e. <br /> If Lender receiv�s a pay�er��t fr��n Borrower f�r a delinq��nt Perivdic Payment which�ncludes a suf�icient <br /> axr�vunt to pay atly late charge due,�e paym�nt may be applied to the del�nqu�nt payment and the late �harg�. If <br /> mvre than on� P�riod�� Payment �s �utstanding, Lender may appl� any payr�en� �ec�ived frorn �orr�w�r to the <br /> repaym��t of th� �'��iodi��'ayments if, and to the ex�ent th�.�, ea��payrnent can be paid�n fu11. To t�ie e�tent that <br /> any �xc�ss exists aft�r the pa�m�n� is ap�li�d�o �he fu�l payrraen� of�ne �r mor� Periodic Payments, �uch exce�s <br /> may be app�ied to any Iat�charges due. Vv�u.ntary prepayments�hall�be applied firs�to ax�y prepaym�nt char�es and <br /> then as descri�ed in the Note. <br /> Any application af payments, insurar�ce pr�ceeds, or Miscellaneous Proceeds to principal due ur�der the <br /> N,�te shall nat extend or pastpon�the du�date,�ar cha��e�he amount,�f th�P�riodic Paymer�ts. <br /> 3. Funds for Escrow I�ems. �arrower�hal�pay�o Lender on t�e day Ferio�di�Payments ar�due under <br /> the Note,ur�.t�1 t�.e Nnt�i���id in fu1�,a�um(th�"Fun��"�to prv�ide f�r payment af amvun�s du�far: �a}taxes a.r�d <br /> assessrnents and o�her items which can att�in pr�ority over�is Se�uri�ins�rum�nt�s a�i�n ar en�umbraa���an th� <br /> Frap�rty; �b} leaseh�ld payr���ts ax gr��� r�r�ts �n the Property, if any; ��} pr�mium� for any and all insurance <br /> Nebras�De�d of Trust—Singi����ily�'aAni�M�►elFr�ddie M�e i�n��orm�nstrum�cnt Form 3D28�.1�� <br /> MERS 11�Iodif�d <br /> The Cvmpli�nce Svurc�,Inc. �'�g�4 of�4 Mvdi��d by��m�liance Source 14��1N�U$fUU�e�.�4i13 <br /> www.compl�aneesaurce.con� ��UOU�2U13,Th�C�mp��a��e S�urc�,I�c. <br /> , <br /> � 4 � � -� � � v o � � � � <br />
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