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20i0U�412
<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.
<br />UNIFORM C�VENANTS. Borrawer and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrawer shall
<br />pay when due the principal of, and interest on, the debt evidenced by the Nota and any prepayment charges and late
<br />charges due under the Note. Borrow�r shall also pay funds for Escrow Items pursuant to Section 3. Payments due
<br />under the Note and this SecuriCy InsCrunr►ent shall be made in U.S. currency. Hawever, if any check or other
<br />instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid,
<br />Lender may require that any or all subsequent payznents due under the Note and this Security Instrument be made in
<br />one or more of the following fotms, 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 are insured
<br />by 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 Not� or at such other
<br />location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may returzt
<br />any payment or partial payment if the payment or partial payments are insufficient to bring the I,oan current. Lender
<br />may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights
<br />hereunder or prejudice to its rights to refuse such payznent or 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, ihen Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds
<br />until Borrower makes payment to bring the L.oan current. If Borrower does not do sa within 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 i�xa.mediately prior to foreclosure. Na offset or claim
<br />which Borrower might have now or in the future against Lender shap relieve Borrower from making payments due
<br />under the Note and this Security Instrument or perfornung the covenants and agreements secured by this Security
<br />Instrument.
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments
<br />accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note;
<br />(b) principal du� 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 Instrument, and then to reduce the p:rincipal balance of the Note.
<br />If Lender receives a payment from Borxower for a delinquent Periodic Payment which includes a sufficient
<br />amount to pay any laCe charge due, the payment may be applied to the delinquent payment and the laie charge. If
<br />more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the
<br />repayrnent of the Periodic Payments if, and to the extent that, each paynnent can be paid in full. To 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 then
<br />as describad in the Note.
<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. k'unds for Escrow Items. 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 "�'unds") to pravide for payrnent of amounts due for: (a) taxes and
<br />assessments and other items which can attain priority aver this Security Instruanent as a lien or encumbrance an the
<br />Property; (b) leasehold payments or graund rents on the Property, if any; (c) premiums for any and all insucance
<br />reyuired by Lender under Section 5; and (d) Mortgage Insurance prerniums, if any, or any surr►s payable by Borrower
<br />to Lender in lieu of the payment o� Mortgage Insurance premiums in accordance with the provisions o'f Section 10.
<br />These items are called "Escrow Items. " At origination or at any time during the term of the Loan, Lender may require
<br />that Community Association I3ues, Fees, and AssessmenCs, if any, be escrowed by Borrower, and such dues, fees and
<br />assessrnents shall be an �scrow Item. Barrower shall promptly furnish to Lender all notices of amounts to be paid
<br />under this Section. Borrower shall pay Lender the Funds for Escrow Items unlass Lender waives Borrower's
<br />obligation to pay the Punds for any or all Escrow ltems. Lender may waive Boz't'ower's obligation to pay to L.ender
<br />Funds for any or all Escrow Items at any tima. 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 />Funds has been waived by Lender and, if Lender raquires, sha11 furnish to Lender receipts evidencing such payment
<br />within such time period as Lender rnay xequire. Borrower's obligation to make such payments and to provide receipts
<br />shall for all purposes be deemed tn be a covenant and agreement contained in this Security Instrument, as the phrase
<br />"covenant and agreemen,t" is used in Section 9. If Borrower is obligated to pay �scrow Items directly, pursuant to
<br />a waiver, and Borrower fails to pay the arnount due for an Escrow Item, Lender may exercise its rights under Section
<br />9 and pay such arnount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount.
<br />Ler►der may revoke the waiver as to any or a11 Escrow Items at any time by a notice given in accordance with Section
<br />15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required
<br />under Chis Section 3.
<br />Lender may, at any tirx►e, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Punds
<br />at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA.
<br />Lender shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures
<br />of future Escraw Items or otherwise in accordance with Applicable Law.
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT - MERS
<br />Form 3028 1/01 Page 3 of 1 1
<br />DpCM2[J%C Q'rYYPdi7i�, 80D-649-1362
<br />� www.dacmagic.com
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<br />Ne3028.mzd.xml
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