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<br />THIS SECUC7ITY INSTI2UMFNT 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.
<br />UNIFORM COVENANTS. Borrower and Leader covenant and agree as follows:
<br />1. Payment of Principal, lnterest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall
<br />pay when due the principal of and interest on, the debt evidenced by the Nnte and any prepayment charges and late
<br />charges duo under the Note. Borrower shall also pay funds fpr Escrow hems pursuant to Section 3. Payments due
<br />under the Note and this Security Instrument shall be made in U. S. currency. H.awever, if any check or other
<br />instrument received by Lender as payment under the Nate or this Security lnstrument is returned to Lender unpaid,
<br />Louder tray require that any or all subsequent payments due under the Nate and this Security [nstrumettt be made in
<br />one or snore of the following farms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check,
<br />treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits axe insured
<br />by a federal. agency, instrumentality, or entity; or (d) Electronic Funds Transfer.
<br />Payments arc deemed received by Lender when received at the location designated in the Nate or at such other
<br />location as may be designated by Lender in accorclattce with the notice provisions in Section 15. Lender tnay return
<br />any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender
<br />may accept any payment or partial payment insufficient to bring the Loan current, without waiver of arty rights
<br />herewtder ar prejudice to its rights to refuse such payment ar partial payments in the future, but Lender is not
<br />obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of
<br />its scheduled due date, then Lender need oat pay interest an unapplied funds. Lender tnay hold such unapplied funds
<br />until Harrower makes payment to bring the Loan current, if Horrawec does not do so widt-n a reasonable period of
<br />time, Lender shall either apply such funds or return them to Borrower. if not applied earlier, such funds will be
<br />applied to the outstanding principal balance under the Note immediately prior to foreclosure. Na offset or claim
<br />which Borrower might have now or in the future against Lender shall relieve Horrower from making payments due
<br />under the Nate and this Security htstruntent ar performing the covenants and agreements secured by this Security
<br />Instrument.
<br />2. Application of Payments ar Proceeds. Except as otherwise described in this Section 2, all payments
<br />accepted and applied by Lender shall be applied in the following ardor of priority: (a) interest due under the Note;
<br />(b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic
<br />Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second
<br />to any other amounts due under this Security lnstrument, and then to reduce the principal balance of the Note.
<br />If Lender receives a payment from Borrower far a delinquent Periodic Payment which includes a sufficient
<br />amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If
<br />more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the
<br />repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. Ta the extent that
<br />any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may
<br />be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and thou
<br />as described in the Nate.
<br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />shall not extend or postpone the due date, or change the amount, of the Periodic Payments.
<br />3. Funds for Escrow hems. Borrower shall pay to Lender on the day Periodic Payments are due under the
<br />Note, until the Note is paid in full, a sum (the "Funds") to provide far payment of amounts due far: (a) taxes and
<br />assessments and other items which can attain priority over this Security lnstrument as a lien or encumbrance on the
<br />Property; (b) leasehold payments nr ground rents on the Property, if any; (c) premiums for any and all insurance
<br />required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower
<br />to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10.
<br />These items are called "Escrow Items. " At origination ar at any time during the term of the Loan, Lender tray require
<br />that Community Association Dues, Fees, and Assessments, if any, be escrowed by Harrower, and such dues, fees and
<br />assessments shall be an .Escrow Item. Borrower shall promptly fitrnish to Lender all notices of amounts to be paid
<br />under this Section, Harrower shall pay Lender the Funds for Escrow Items unless Lender waives Harrawer's
<br />obligation to pay the Funds for any or all Escrow Items. Lender may waive Harrawer's obligation to pay to Lender
<br />Funds for any or all Escrpw Items at any time. Any such waiver may only be in writing. in the event of such waiver,
<br />Borrower shall. pay directly, when and where payable, the amounts due for any Escrow Items for which payment of
<br />Ftmds has been waived by Lender and, if Under requires, shall fitrnish to Lender receipts evidencing such payment
<br />within such time period as Lender may require.' Borrower' s obligation to make such payments and to provide receipts
<br />shall far all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase
<br />"covenant and agreement" is used in Section. 9. If Harrower is obligated to pay Escrow hems directly, pursuant to
<br />a waiver, and Harrower fails to pay the amount due far an Esctrow Item, Lender may exercise its rights under Section
<br />9 and pay such atnaunt and Borrower shall then be obligated under Section 4 to repay to Lender any such amount.
<br />Lender may revoke the waiver as to any ar all Escrow Ctetns at any time by a Halite given in accordance with Section
<br />I S attd, upon such revacatiart, Borrower shall pay to Lender all Funds, and in such amounts, that are then required
<br />under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient b permit Leader to apply the Funds
<br />at the time specified under RESPA, and (b) not to exceed the maximum antnunt a lender can require under ItESPA.
<br />Lender shall estimate the amount of Fwtds due on the basis of current data and reasonable estimates of expenditures
<br />of future Escrow Items or otherwise in accordance with Applicable Law.
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT -MFRS
<br />Form 302$ 1/p1 Page 3 of 11
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