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<br />TFiIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
<br />limited variatinns by jurisdiction to constitute a uniform security instcument cnvering real property.
<br />UNIFORM COVENANT$. Barrower and Lender covcnant and agree as foilows:
<br />1. Psyment af Principal, Interest, Escrow Items, Prepayment Charges, snd Late Charges. Borrower shall
<br />pay whcn duc thc principa] of, and iaterest on, the debt cvidenced by thc Note and any prepayment charges and late
<br />chazges due undcr thc Notc. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due
<br />under the Note and this Security Instrumcnt shall be made in U. S, currency. Howcvcr, if any chcck or other
<br />instrument received hy Lender as payment under che Note or this Security Instrument is returned to Lender unpaid,
<br />Lender may require that any or all suhscqucnt payments due under the Note and this Security lnstrumcnt hc made in
<br />one or more of the following Forms, as selected by Lender; (a) cash; (b) money order; (c) certificd 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 fcdaal agency, instrumentality, or entity; or (d) Elcctronic Funds Transfer.
<br />Payments are deemed received by Lender when received at thc location designated in the Note or at such other
<br />]ocation as may hc dcsignated by Lender in accordancc with the notice provisions in Scction 15. Lender may return
<br />any payment or partial paymcnt if the payment or partial payments are insufficicnt to bring the Loan current. Lendcr
<br />may accept any payment or partial payment insuffcient to bring the Loan current, without waivcr of any rights
<br />hereunder or prejudice tn its rights to refuse such payment or partial payments in the future, but Lender is not
<br />obligated to apply such payments at the time such payments are acccpted. If each Periodic Payment is applied as of
<br />its schcdulcd duc date, then Leoder need not pay interest on unapplied funds. Lcnder may hold such unapplied funds
<br />until Borrowcr makes payment to bring the Loan current. If Borrower docs not do so within a reasvnahle period of
<br />Umc, Lender shall eithcr apply such funds or rcturn them to Borrower. If not applicd carlier, such funds will bc
<br />applicd w the outstanding principal balance under thc Note immediately prior to forcclosure. No offset or claim
<br />which Borrowcr might have now or in the future against Lender shall relieve Borrowcr from making payments due
<br />undcr the Notc and this Sccurity Instrument or performing the covenants and agrccments secured by this Security
<br />Instrumcnt.
<br />2. Application of Psyments or Proceeds. �xccpt as otherwise dcscribcd in this Section 2, all payments
<br />accepted and applied by Lendcr shall bc applicd in the Following order of priority: (a) interest due under thc Note;
<br />(b) principal due under the Note; (c) amounts due under Section 3. Such payments shall bc applicd to cach Pcriodic
<br />Payment in the order in which it bccamc duc. Any remaining amounts shall he applied first to latc chargcs, sccond
<br />Co any other amounts due under this Security Instrument, and then to reduce the principal 6alancc oF thc Note.
<br />If Lender receives a payment from Burrower for a delinGuent PerSodic Payment which includcs a su£ficient
<br />amount to pay any late charge due, the payment may be applicd to the dclinquent payment and the late charge. If
<br />mvre 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, cach paymcnt can be paid in full. To the extent that
<br />any excess exists after the payment is applied to the full payment of onc or more Periodic Payments, such excess may
<br />be applied to any late charges due. Voluntary prepayments shall be applied first tv any prepaymcnt charges and then
<br />as described in the Note.
<br />Any application of payments, insurance proceeds, or Misccllancous Proceeds tv principa] due under the Note
<br />shall not extend or postpone the due date, or chan�e the amount, of thc Periodic Payments.
<br />3. Funds for Escrow Items. Borrower shall pay to Lcndcr on the day Periodic Payments are due under the
<br />Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and
<br />assessments and other items which can attuin priority over this Sccurity Instrument as a lien or encumbrance on the
<br />Property; (b) leasehold payments or ground rents on thc Property, iF any; (c) prcmiums for any and aIl insurancc
<br />reyuircd by Lcndcr undcr Scction 5; and (d) Mortgagc Insurance premiums, if any, or any sums payable by Borrowcr
<br />to Lcndcr in licu of thc paymcnt of Mortgage lnsurance premiums in accordancc with the provisions of Section l0.
<br />Thcsc itcros azc callcd "�scrow Items. " At origination or at any time during the term of the l.oan, Lender may rcquire
<br />that Community Association Dues, F'ees, and Assessments, iFany, be cscrowcd by Borrower, and such dues, fees and
<br />asscssments shall bc an Escrow Itcm. Borrowcr shall promptly furnish to Lender al] notices of amounts to bc paid
<br />undcr this Section. Borrowcr shall pay Lender thc Funds for Escrow Items unless Lender waives Borrowcr's
<br />obligation Co pay thc Funds for any or al] Escrow Itcros. Lender may waive Borrowcr's obligation to pay to Lcnder
<br />Punds for any or all Escrow Itcros at any timc. Any such waiver may only be in writing. In the event of such waiver,
<br />Borrowcr shall pay dircctly, whcn and whcrc payablc, the amounts due for any Escrow Itcros for which paymcnt of
<br />Funds has been wuived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment
<br />within such time period as Lender may require. Borrower' s obligation to make such payments and w provide receipts
<br />shall for all purposes be deemed to be a covenant and agrecmcnt containcd in this Security Instrument, as the phrase
<br />"covenant and agreement" is used in Section 9. If Bnrrowcr is obligated to pay Escrow Items directly, pursuant tn
<br />a waiver, and I3orrower fails to pay the amount due for an Gscrow Itcm, Lender may exercise its rights under Section
<br />9 and pay such amount and Borrower shall then be obligated under Section 9 w repay to I.ender any such amount.
<br />Lendcr may rcvokc thc waivcr as to any or all Gscrow Icems at any time by a noticc givcn in accordance with Scction
<br />15 and, upon such rcvocation, Borrowcr shall pay to Lender all Funds, and in such amounts, that arc then rcquired
<br />undcr this Scction 3.
<br />Lender may, at any time, cullect and hold Funds in an amount (a) su�cient to permit Lendcr to apply the Funds
<br />at the time specified under RESPA, and (b) not to exceed thc maximum amount a]ender can require under RESPA.
<br />Lender shall estimate the aniount of �unds due on the basis oF current data and reasonable estimates vf expenditures
<br />of futurc Escrow Itcros or otherwise in accordance with Applicahle Law.
<br />NEBRASKA--Single Family--Fannie MaelFreddie Mac UNIFORM INSTRUMENT - MERS DocMag�c � Bao-ea9a3e2
<br />Form 3028 1101 Page 3 of 11 www.docmag�.com
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