|
2� 17� 1237
<br /> L�AN#:�1U�'I1291'f
<br /> which currentiy has the address of 4�197 Vermant A�e,Grand Island,
<br /> �streetJ[City]
<br /> Nebraska fi88�3 �"Property Address"�:
<br /> (Zip Cade]
<br /> T�GETHER IiVITH all the imprv�emen�s no►nr�r her�afte�erec�ed vn the prape�#y,and all�asements,
<br /> appu�tenances,and fixtures now vr hereaft�r a part of the property.A�I repiacements and addi��ons shall
<br /> alsv be co�ered by this Security lnstrument.AI!af the foregving is referred to in this Securi�y tnstrument
<br /> as#he"Prope�ty."
<br /> BQRR�VIIER C�VENANTS#hat B�rrower is iav`►fully seised of the estate hereby�vn�eyed and
<br /> has the right to grant and canvey the Praperty an� �hat�he Property is unencumbered, except for
<br /> �ncumbrances a�r�card.Bvrrauver uvarran#s and w�11 defend generaliy the tit�e#o#he Praperty agains�
<br /> ali claims and demands,subject tv any encumbran�es af recvrd.
<br /> TH�S S�GU��TY�NS��U�IfEAI�cambines unif�rm cvvenants for natior�al use and non-uni��rm
<br /> cv�enants with limited variatians hy ju�isdicti�n ta cvns#itute a uniform securi�y instrument co�ering real
<br /> prvp�r�y.
<br /> UiVIF�RM CQVEIVANTS,Barrvwer and Lende�cvvenant and agree as f�l�vws:
<br /> �. Payment v�Principal,interes�.Escrow Items�Prepa�ment Charges,and Late Cha��es.
<br /> 8o�awer sha��pay vrrMerr due th�princ��a�at,a�d�nterest ar�,�he debt ev�denced by tl�e Nvte and any
<br /> prepayrnent charges and la#e charges due under#he Note.Barrower shafl a[so pay funds fo�Escrow
<br /> Items pursuant tv Section 3.Payrnents du�under the Not�and this Security Instrument shall be made in
<br /> U.S.currency.Hvwe�e�,if any ch�ck ar other�nstrument recei�ed by Lender as payment unde�the No�e
<br /> vr th�s Security Instrumen#is re�um�d to L�nder unpa�d,Lend�r rnay require that any or all subsequent
<br /> payments due under the Nate and�his Secu�ty[nstrument be ma�de in vne or mvr�of the fvl�awing forms,
<br /> as se�ec#ed by Lender:(a�cash;(b}mnney orc��r;{���rtife�e�eck,bar�k check,treasurer's check ar
<br /> casfii�r's check,p�-o�ided any�uch cher�c is drawn upfln an ins��tut�an whvse deposi#s are insured by
<br /> a federal agen�y,ins'tr�.frr�en�a�ity,ar entity;vr�d}��e�tronic Funds Transfer.
<br /> Paymen��are deem�d received by Lender when recei�ed a#the loca#ior�d�signated in the Nate
<br /> or at such v�her location as rnay be designated�y Lender in ac��rdanc�with the no�ice pravisivns in
<br /> Section�5.Ler�der may retum any paym�nt or pa�tia[paym�nt if#he paym�nt vr partia!�ayments are
<br /> �nsuffcient to�ring#h�LQan current.Lender may a�cept any paytnen�vr pa�ial payrr�e�t ins€�e�e�t to
<br /> bring�he Loan current,wi#hvut waiver�#any righ#s hereunder or�r�jud�ce ta its ri�gh�s to r��use su�fi
<br /> payment or part�a!payments in#he future,hut Lender is not ab�iga��d t�appiy su�h paymen#s a�the f�me
<br /> sucfi�payments are accepted. If eacfi Period�c�aymen�is ap�lied as of i�s scheduled du�date,then
<br /> Lender n�ed nvt pay inte�res#t�n Wnap��ied funds.Lender may hold such unapplied funds until Ba�rawer
<br /> makes payment#o hrin�th�Loan cutr�nt. 1f�v�rawer dves�v�dv so w�th�n a r�asonable period of
<br /> tim�,Lend�r sh�i�e�her appty suc�funds or return them#o BaRavve�:tf not applied earl�er,suc:t�tunds
<br /> wi�l be applied ta the outstand�ng.principal balance under the Note immedia�ely prior to fvre�losure.No
<br /> offset or daim which BarrQwer m�gh�haWe naw�r in the future against Lender shal�re[ie�e Bo�rower
<br /> frvm making payments due under the Na�e and this Secur�ty fnstrument or perfarming the covenants
<br /> and agreem�n#s secured by this Securit�Instrument.
<br /> 2. Applica�.ia�n vf Payrner�s ar Proc�eds.Except as atfierwise descrit�d�n#his 5ectivn�,a11
<br /> paym�nts accepted and applied by Lender sha��be app�ied in fhe fallawing o�der a�privri�y:�aj in#eres�
<br /> due under the�Vote;�b}principa�due und�r th�Note;�c}amoun�s due under S���on 3.Such payments
<br /> shall be ap�lied to each�e�odic Paym�n#in the��der in which i#became due.Any remaining amounts
<br /> sha�l ae ap�lied frst ta late charges,se�ond tv any other amounts due und��this Security fnstr�umen#,
<br /> and t�en�o redu�e th�principal ba�ance of#he Nvte.
<br /> If Lender receives a payment from Borrvw�r for a delinquen#Periodic Paymeni whi+�h inc�udes a
<br /> suffi�i�n#amount�v pay any late d�arge due,th�paym�nt may be ap�lied to the�ieiinquent paymen#and
<br /> the late charge.If more#han one Perifldic Payment is outstanding,Lender may apply any�payment receiWed
<br /> frvm B�rrawer ta the repayment ort�he Periodic Payments if,and ta the ex�ent that,each payment can b�
<br /> paid in full.Ta�he extent tha��ny excess exists after the payment is appl�ed to the fi.�ll paymen�of❑ne vr
<br /> mare Period�c Payments,such excess may be applied to any la�e charges due.Voluntary prepayments
<br /> shall be applied first tv any prepayment charges and then as desa�bed in tfie No�e.
<br /> Any appli�ation of paymen#s,insurance proceeds,or IVliscellanenus Pr-�ce�ds tv principa�due under
<br /> the Nvte shal�not�xtend ar pqstpone the due da�e,or�hange the amvunt,of the Periodic Pa�ments.
<br /> 3. Funds for Escrow It�ms.Borrower shali pay to Lender on the day Periodic Payments are due
<br /> under the Note,until the Nvte is paid in full,a sum�the"Funds"}to proWide for Qaym�nt of amaunts due
<br /> fvr:(a}taxes and assessments and other items which can at�a�n priority o►►er this Se�urity Ins�rument as
<br /> a iien or encumbrance on th�Property;�b}leasehold payments or ground r-ents Qn the Property,if any;
<br /> �c)premiums for any and a�l insurance requi�ed by Lender under Secti�n 5;and�d}�Illvrtgage lnsu�ance
<br /> premiums,if any,orany sums payable bJ�Borrowerto Lenderin lieu vfthe payment af iVlortg�ge Insurance
<br /> premiums in a�cordance with the provisions o#S�ction 10.These items are r.�Ned"Escrvvrr Items."A�
<br /> vrigination❑r�#any time during the term af the Loan,Lender may require that Ct�mmuni#y Associa#ivn
<br /> �ues,Fees,and Assessments,if any,be�scr-�wed by BoRvwer,and such dues,fees and assessments
<br /> shal�b�an Escrow It�m.Bo�rawer shall�aromptly fumish tv L�nder al#no#ices vf amounts ta be pa�d under
<br /> this Section.Bvrrvwer shall pay Lender the Funds for Es�row I#ems unless Lende�wai�es Borrawe�'s
<br /> vb�igativn to pay#he Funds for any�r all EsGrow I�ems.Lende�may wai�e SoRower's ob�igation to pay
<br /> NEBRA5KA--Single Fam�ly--Fanni�MaelFreddie Mac UNlFORM INST�tUMENT Fvrnn 3Q2B 11�1
<br /> Eilie Mae,�n�. Page 3 of�� NEU�EED�CLS}
<br /> �2l14I�DiT��.2T PM PST
<br /> � ..
<br /> i
<br /> �
<br />
|