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<br /> LOAN#:012132105
<br /> which currently has the address of 4341 Indiangrass Rd,Grand Island,
<br /> [Street][City]
<br /> Nebraska 68803 ("Property Address"):
<br /> [zip Code]
<br /> TOGETHER WITH all the improvements now or hereafter erected on the property,and all easements,
<br /> appurtenances,and fixtures now or hereafter a part of the property.All replacements and additions shall
<br /> also be covered by this Security Instrument.All of the foregoing is referred to in this Security Instrument
<br /> as the"Property."
<br /> BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and
<br /> has the right to grant and convey the Property and that the Property is unencumbered, except for
<br /> of record. Borrower warrants and will defend generally the title to the Property against
<br /> encumbrances o 9 Y
<br /> all claims and demands,subject to any encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform
<br /> covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real
<br /> property.
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges.
<br /> Borrower shall pay when due the principal of, and interest on,the debt evidenced by the Note and any
<br /> prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow
<br /> Items pursuant to Section 3.Payments due under the Note and this Security Instrument shall be made in
<br /> U.S.currency.However,if any check or other instrument received by Lender as payment under the Note
<br /> or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent
<br /> payments due under the Note and this Security Instrument be made in one or more of the following forms,
<br /> as selected by Lender: (a)cash; (b) money order; (c)certified check, bank check,treasurer's check or
<br /> cashier's check, provided any such check is drawn upon an institution whose deposits are insured by
<br /> a federal agency, instrumentality, or entity; or(d) Electronic Funds Transfer.
<br /> Payments are deemed received by Lender when received at the location designated in the Note
<br /> or at such other location as may be designated by Lender in accordance with the notice provisions in
<br /> Section 15. Lender may return any payment or partial payment if the payment or partial payments are
<br /> insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to
<br /> bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such
<br /> payment or partial payments in the future,but Lender is not obligated to apply such payments at the time
<br /> such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then
<br /> Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower
<br /> makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of
<br /> time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds
<br /> will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No
<br /> offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower
<br /> from making payments due under the Note and this Security Instrument or performing the covenants
<br /> and agreements secured by this Security Instrument.
<br /> 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all
<br /> payments accepted and applied by Lender shall be applied in the following order of priority: (a)interest
<br /> due under the Note;(b)principal due under the Note; (c)amounts due under Section 3.Such payments
<br /> shall be applied to each Periodic Payment in the order in which it became due.Any remaining amounts
<br /> shall be applied first to late charges, second to any other amounts due under this Security Instrument,
<br /> and then to reduce the principal balance of the Note.
<br /> If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a
<br /> sufficient amount to pay any late charge due,the payment may be applied to the delinquent payment and
<br /> the late charge.If more than one Periodic Payment is outstanding,Lender may apply any payment received
<br /> from Borrower to the repayment of the Periodic Payments if,and to the extent that,each payment can be
<br /> paid in full.To the extent that any excess exists after the payment is applied to the full payment of one or
<br /> more Periodic Payments, such excess may be applied to any late charges due.Voluntary prepayments
<br /> shall be applied first to any prepayment charges and then as described in the Note.
<br /> Any application of payments,insurance proceeds,or Miscellaneous Proceeds to principal due under
<br /> the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments.
<br /> 3. Funds for Escrow Items.Borrower shall pay to Lender on the day Periodic Payments are due
<br /> under the Note, until the Note is paid in full,a sum(the"Funds")to provide for payment of amounts due
<br /> for:(a)taxes and assessments and other items which can attain priority over this Security Instrument as
<br /> a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any;
<br /> (c)premiums for any and all insurance required by Lender under Section 5;and(d)Mortgage Insurance
<br /> premiums,if any,or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance
<br /> premiums in accordance with the provisions of Section 10. These items are called "Escrow Items."At
<br /> origination or at any time during the term of the Loan, Lender may require that Community Association
<br /> Dues,Fees,and Assessments, if any,be escrowed by Borrower,and such dues,fees and assessments
<br /> shall be an Escrow Item.Borrower shall promptly furnish to Lender all notices of amounts to be paid under
<br /> this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's
<br /> obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obliga ' ' •- jr
<br /> Initials.,
<br /> NEBRASKA—Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3029 1/01
<br /> Ellie Mae,Inc. Page 3 of 10 NEUDEED 0415
<br /> NEUDEED(CLS)
<br /> 08/29/2017 01:28 PM PST
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