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202402556 <br />LOAN #: "5967 <br />TOGETHER WITH all the improvements now or subsequently erected on the property, includ- <br />ing replacements and additions to the improvements on such property, all property rights, including, <br />without limitation, all easements, appurtenances, royalties, mineral rights, oil or gas rights or profits, <br />water rights, and fixtures now or subsequently a part of the property. All of the foregoing is referred to <br />in this Security Instrument as the "Property." Borrower understands and agrees that MERS holds only <br />legal title to the interests granted by Borrower in this Security Instrument, but, if necessary to comply <br />with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the <br />right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and <br />sell the Property; and to take any action required of Lender including, but not limited to, releasing and <br />canceling this Security Instrument. <br />BORROWER REPRESENTS, WARRANTS, COVENANTS, AND AGREES that: (i) Borrower lawfully <br />owns and possesses the Property conveyed in this Security Instrument in fee simple or lawfully has the <br />right to use and occupy the Property under a leasehold estate; (ii) Borrower has the right to grant and <br />convey the Property or Borrower's leasehold interest in the Property; and (iii) the Property is unencum- <br />bered, and not subject to any other ownership interest in the Property, except for encumbrances and <br />ownership interests of record. Borrower warrants generally the title to the Property and covenants and <br />agrees to defend the title to the Property against all claims and demands, subject to any encumbrances <br />and ownership interests of record as of Loan closing. <br />THIS SECURITY INSTRUMENT combines uniform covenants for national use with limited variations <br />and non-uniform covenants that reflect specific Nebraska state requirements to constitute a uniform <br />security instrument covering real 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 will pay each Periodic Payment when due. Borrower will also pay any prepayment charges <br />and late charges due under the Note, and any other amounts due under this Security Instrument. Pay- <br />ments due under the Note and this Security Instrument must be made in U.S. currency. If any check or <br />other instrument received by Lender as payment under the Note or this Security Instrument is returned <br />to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this <br />Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; <br />(b) money order; (c) certified check, bank check, treasurer's check, or cashier's check, provided any such <br />check is drawn upon an institution whose deposits are insured by a U.S. federal agency, instrumentality, <br />or entity; or (d) Electronic Fund 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 16. Lender may accept or return any Partial Payments in its sole discretion pursuant to Section 2. <br />Any offset or claim that Borrower may have now or in the future against Lender will not relieve Bor- <br />rower from making the full amount of all payments due under the Note and this Security Instrument or <br />performing the covenants and agreements secured by this Security Instrument. <br />2. Acceptance and Application of Payments or Proceeds. <br />(a) Acceptance and Application of Partial Payments. Lender may accept and either apply or <br />hold in suspense Partial Payments in its sole discretion in accordance with this Section 2. Lender is not <br />obligated to accept any Partial Payments or to apply any Partial Payments at the time such payments <br />are accepted, and also is not obligated to pay interest on such unapplied funds. Lender may hold such <br />unapplied funds until Borrower makes payment sufficient to cover a full Periodic Payment, at which time <br />the amount of the full Periodic Payment will be applied to the Loan. If Borrower does not make such a <br />payment within a reasonable period of time, Lender will either apply such funds in accordance with this <br />Section 2 or return them to Borrower. If not applied earlier, Partial Payments will be credited against <br />the total amount due under the Loan in calculating the amount due in connection with any foreclosure <br />proceeding, payoff request, loan modification, or reinstatement. Lender may accept any payment insuf- <br />ficient to bring the Loan current without waiver of any rights under this Security Instrument or prejudice <br />to its rights to refuse such payments in the future. <br />(b) Order of Application of Partial Payments and Periodic Payments. Except as otherwise <br />described in this Section 2, if Lender applies a payment, such payment will be applied to each Periodic <br />Payment in the order in which it became due, beginning with the oldest outstanding Periodic Payment, <br />as follows: first to interest and then to principal due under the Note, and finally to Escrow Items. If all <br />outstanding Periodic Payments then due are paid in full, any payment amounts remaining may be <br />applied to late charges and to any amounts then due under this Security Instrument. If all sums then <br />due under the Note and this Security Instrument are paid in full, any remaining payment amount may <br />be applied, in Lender's sole discretion, to a future Periodic Payment or to reduce the principal balance <br />of the Note. <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT (MERS) Form 3028 07/2021 <br />ICE Mortgage Technology, Inc. Page 4 of 14 NE2I EDEED 0222 <br />NEEDEED (CLS) <br />06/05/2024 06:32 AM PST <br />