|
2� 17� 1 �� 1
<br /> which currently has the address of 27G E'14�h 5t,Grand Is�and,
<br /> �stre�tl(CitY]
<br /> Nebraska �8$4'1 �"Prope�y Address"}:
<br /> �Zip C�de�
<br /> T���THE�W�TH a��the imprv�em�nts naw�r herea'�er erected on fhe prvperty,and all easemen#s,
<br /> appur�enances,and fixtures naw or hereafter a par�o�the proper�y.A�1 replacemen�s and addit��ns shafl
<br /> also be ca�ered by this Security�nstrument.All af the foregoing is referred to in fhis Security In�trument
<br /> as the"Prape�ty.,'
<br /> B�RRC3VIlER C�VENANTS that g�rrower is law�ully seised of th�estafe hereby�on�eyed and
<br /> has the r�gh#�v gran� and con�ey fhe Praper�y and that the Prope�ty is unencumbered, except for
<br /> encumbrances of recvrd.Bvrrower warrants and will defend generally th�titie#o the Property against
<br /> all claims and demands,subjec�tv any encumbrances vf record.
<br /> THfS SECURlTY�NSTRUMENT combines uniform covenants for nativna! use and nanwuniform
<br /> co�enants with limited�ar�atians by�ur�sd�ct�on t❑constitute a unifom�s�curity instrument ca�ering rea�
<br /> praperty.
<br /> UNIFORM C�VENANTS.Bflrro►rver and Lender cvvenant and agree as fallaws:
<br /> �. F�aymen�vf Principal,ln�erest, Es�raw It�ms, Prepaym�nt Charg�s,and Late Charges.
<br /> Borro�re�shall pay when due the principal of,and interest on,�he debt evidenced by the No�e and any
<br /> prepayment charges and late charges due under the Note.Botrower shail alsa pay funds for Escrow
<br /> Items pursuant t❑Sectian 3.Paym�nts due under#he Note and fhis Secur�ty Ins�rument shali be made in
<br /> U.S.currency.H�we�er,if any check or other inst�ument recei�ed by Lender as payment under�he Note
<br /> ar this 5ecurity fnst�umen�is returned tv Lender unpaid,Lender may require that any or all subsequent
<br /> paymenfs due underthe Nvte and this Security Instrur�ent be made�n vne ar mare affhe fol�ow�ng fvrms,
<br /> as sele�ted�y Lend�r:�a}�ash;�b}maney order;�c}certifi�d check,bank check,treasurer's check ar
<br /> casfi�er's check,prowided any such check is dra�rr�upon an inst�tution whase d�pas�fs are insured by
<br /> a�ederal agency,instrumentality,or�ntify;or�d}E�ect�on�c Funds Transfer.
<br /> Payments a�e de�med rece�Wed by Lender wher7 received at the locativn des�gna��d in the Nate
<br /> n�at such oth�r locat�on as may��designated by L�nder in accvrdanc�wi�h the no�i�e prvvis�vns�n
<br /> Sectian 1�.L�nde�rnay return any payment or par�ial payment if�he payment or pa�iaf payrnents ar�.
<br /> insuffi�ient�o bring the Lva���u€�en�.Lender may a��ept any paymenf❑r partial paymen�insu�ficient fo
<br /> bring the Lnan curren#,wi�hvui�ra�ver of any rights hereur�der or pre�udice to its rights#o re'�use such
<br /> paymen��r partia�payments in the�utur�,hut Lende��s not❑b��gated tv apply su�h paymen�s at t��e time
<br /> su�h payrnents are accep#ed. If each Periodic Payment is applied as af its scheduled due date,t��en
<br /> Lender need nat pay interes#on unappiied funds,L�nder may hold such unapplicd funds un#ii Borrower
<br /> makes payment ta hring th� Lvan cur�ent. �f Bvr�-v�ver dves not do sa with�n a �eason�b�e pe�-iad vf
<br /> time,Lender shall either appiy such funds o�return them t❑Borrat�rer.�f nat applied earlie�,suc�€funds
<br /> �rill b�applied�o t�e outstanding principa�balance under the Na�e immediately priar to foreGlosu�e.No
<br /> ❑ffse�or c��im which Borrawer might fiaWe naw vr in the future against Ler�d�r shall rel�eve Borrovver
<br /> fr�m mak�ng payments due under the Note and this Security lnstrument or performing the cfl�enants
<br /> and agreemen�s secured by this Security instrument.
<br /> �. �Ipplicatian af Paym�n�s vr Pro�eedS.Except as ather�wise described in#his Sect�on�,a�!
<br /> payments accep#ed and app[�ed hy Lende�shall be app�ied in the#o(Iv►r+�ing arder of priarity:�a}inieres�
<br /> due under the N�te;��}prin�ipal due under th�Note;�c}amounts due under 5ection 3.Such payments
<br /> shall be applied tt�each Perivdic Paym�nt in#he order in which i�#��came du�.Any remaining amvunts .
<br /> sha#�be applied frst ta�a�e�harges,se�ond ta a��y other amoun�s due unde�this Secur�ty Instrument,
<br /> and then�a redu�e th�principal ba�a��ce nf the Note.
<br /> �f Lender recei�es a payment frfln� Bor�row�r fo�a delinquent Periodic Payment►rvhich includes a
<br /> suffic�ent am�unt t❑pay any�ate charge due,the payment may be applied to the delinquent payment and
<br /> the late charge.�f more than ane PeriodicPaymenf is vutstanding,Lender may apply any payment recei�red
<br /> �rom Borrawer#a the repayment of the Peri�dic Payments if,and�a the ex�ent that,each payment can be
<br /> pa�d in tu�l.To the extent that any excess�xists af�er the paym�ni is applied t�the fu�f payment af flne❑r
<br /> more Per�vdic Payments,such excess may be applied to any late charges due.Vvlunta�r prepaymen�s
<br /> shal[�e applied first to any prepayment charges and then as desc�ibed in the Note.
<br /> Any application qf payments,insurance proceeds,or Misc�llaneaus Proceeds ta princ�pal due under
<br /> the Nv#e shall no�extend o�postp�ne the due date,or change the amount,of the Periodic Payments.
<br /> 3. Funds fo�-Escrow ltems.Bo�-rower sha�l pay to Lender on the day Per�odic Payments are due
<br /> under the Note,unt��the Note is paid in fuI[,a sum�the"Funds�'}to pravide�o�paymen�of amounts due
<br /> far:�a�taxes and assessments and vther items which can attain privrity v�er th�s Security[nstrument a�
<br /> a lien or encumbrance vn#h�Property;�b}�easehald payments vr grvund rents on the P�ope€�y,if any;
<br /> �G}premiums for any and al�insurance required by Lender unde�5ection 5;and 4d}Martgage Insuranc�
<br /> premiums,if any,ar any surns payable by Borrowerto Lenderin��eu ofthe payrnent af Mortgage lnsuranGe
<br /> premiums in accordance with the�rovisions af 5ect�an �Q.These items are called"Escrow Items."At �
<br /> vrigination or at any time during the term a�the Loan,Len�er rnay require�hat Community Assaciat�an
<br /> Dues,Fees,and Assessments,if any,be escrowed by gor��vver,and such dues,f�es and assessmen�s �
<br /> shall be an Escr�►nr 1#em.B�rrowershall promptiy furnish tv Lend�ra�!notices ofamaunts to be paid under
<br /> this Secfia�i.gvrrowe�sha![pay Lender the Funds fa�Escrow ltems uniess Lender waives Sorrov�+er's
<br /> ob�igation tv pay th�Funds fflr any o�a��Escrow Items.Lender may v�ra�ve Borrower's obliga#ion fv pay
<br /> NEBRASKA--Sir�gle Fami�y--Fannie MaelFreddie Niac UNIF�RIId1�NSTRUMENT Form 3028't�D't
<br /> Eilie Mae,��c. Page 3 of 1� NEUt]EE❑{CLS}
<br /> v =
<br /> .
<br /> .
<br />
|