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<br />200605682
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<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest and Other Charges. Borrower shall pay when due the principal of, and
<br />interest on, the debt evidenced by the Note and if allowable under Applicable Law, any prepayment charges and late charges
<br />due under the Note. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if
<br />any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to
<br />Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be
<br />made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank
<br />check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured
<br />by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer.
<br />2. Application of Payments or Proceeds. Payments are deemed received by Lender when received at the
<br />location designated in the Note or at such other location as may be designated by Lender in accordance with the notice
<br />provisions in Section 14 or in such manner or location as required under Applicable Law. Except as otherwise described in
<br />this Section 2, and as permitted under Applicable Law, all payments accepted and applied by Lender shall be applied in the
<br />following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section
<br />3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts
<br />shall bc applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the
<br />principal balance of the Note.
<br />If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount
<br />to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one
<br />Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic
<br />Payments if, and to the extent that, each payment can be paid in full. To the extent permitted by Applicable Law, voluntary
<br />prepayments 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 the Note shall
<br />not extend or postpone the due date, or change the amount, of the Periodic Payments.
<br />3. Funds for Escrow Items. Subject to Applicable Law, Borrower shall pay to Lender on the day Periodic
<br />Payments are due 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 a lien or
<br />encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all
<br />insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by
<br />Borrower to Lender in lieu of the payment of Mortgage Insurance premiums. 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 Dues, Fees, and
<br />Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall
<br />promptly furnish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for
<br />Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive
<br />Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in
<br />writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow
<br />Items for which payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts
<br />evidencing such payment within such time period as Lender may require. Borrower's obligation to make such payments and
<br />to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as
<br />the phrase "covenant and agreement" is used in Section 8. If Borrower is obligated to pay Escrow Items directly, pursuant to
<br />a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 8 and
<br />pay such amount and Borrower shall then be obligated under Section 8 to repay to Lender any such amount. Lender may
<br />revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 14 and, upon such
<br />revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3.
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<br />Nebraska Deed of Trust-Single Family-Secondary Lien
<br />-THE COMPLIANCE SOURCE, INC.-
<br />www.compliancc:sourcc:.com
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<br />MERS ModIfied Form 3801 01/01
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<br />+0144545993+00AO+4+12
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