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201008118
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201008118
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Last modified
11/2/2010 2:42:21 PM
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11/2/2010 2:42:20 PM
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DEEDS
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201008118
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201008118 <br />THIS SECURITY INSTRUMENT combines uniform oovenants for na�ional use and non-unifarm <br />cove�nants with li�nit� variations by juris�dictann to consritute a wuform secwnity �nt cove�n.g real <br />P�P�Y• <br />UNIFORM C�VENANT5. Barrower and Lender covenant aad agree as follows: <br />1. Payment of Prindpal, Iut�est, F.�crow Itews, Pre�aym�t Chsrges, and I.ate Charges. <br />Horrawer shall pay wtven due the principal of, and in,ter�st on, thc debt evidenced by the Nate and any <br />prepayment chazges and late charges dtt� und�r the Note. Bonower shall also pay funds for Escrow Items <br />pursuant to Section 3. Pay�ts due under the Note and tlus 5ecurity Instrument shall be made in U.S. <br />curte�cy. However, if any che�k or other instrument received by L,ender as payment under the Note or tb.i.s <br />Se�urity Insavment is retu�t7ned to Lcndcr unpaid, Le�ader may require that eny or all subsequent payments <br />due under the Note and this Security Instnnmemt be made in one or moze of the following forrns, as <br />�� b r�: ca� �; ro� �� o�a� c�> �n���a ��, � �, ��� �� Qr <br />casb�,ier's check, provided any such check is drawn upon an institurion whose deposits are insured by a <br />federal ag�c.y, instru�entality, or entity; ar (d) Electranic Funds Txansfer. <br />Payrnents are de� rexeived by Lender when received at the loCation designated in the Note or at <br />such other lacation as may bc designated by I,end�r in accordance wit1� the notice provisions in Section 15. <br />I.en.der may retum any pa�t or patial payment if the payment or partial paym�nts ar� insuf�'icient to <br />bxing the L,oan cvxrent. I.ender may accept any payment or paztial payment insufficient to brixig the I.oan <br />current� without waiver of any rights hereunder or �rejudice to its rights to refuse such payu�ent or �artial <br />paynae�ts in the futtu'e, but Lender is not nbligated to apply such payinents at the time such payments are <br />acc�pted. If each Periadic Payinent is applied as af its scheduled due date, then L�ander n�ed not pay <br />interest on unapplie� funds. Lender may hold such unapplied fuads wmhil Horrower mak,es payrnents to <br />bring the L.oan current. If Barmwerr does not do so within a reasonable period af ti�e, I.ender shall either <br />apply such fw�ds or retura them to Borrower. If not applier� earlier, such funds will be applied to the. <br />�utstanding principal balance under the Nate immediately prior to foreclasure. No oi�set ar claim which <br />�orc�ower might have now or in the future against I,�r shal,l relicvc Borrower from ma�ing payments <br />due under t�e Nate a� t1�is S�cur�ty �aswment or pearfo�ning thc cov�nants a� agree�ts sec�ured by <br />this Security Tnstrunne�nt. <br />2. Appllcatlau of Payme�nts or Proceeds. Except as othcrwise described in t�iis Section 2. all <br />paYr�ents a�epted aad applied by I..eadcr shall be a�rplied in th�e following arder of p�iority: (a) iu�temest <br />due under the Note; (b) Principal due under the Note; (c) amounts due under Sectian 3. S�ch paym�ts <br />stuall be applicd w�ach Periodic I'ayment in thc arder in which it became duc. My remaining auiounts <br />shall be applied first W late cbarges, second to any othcr amounts due wo,der tbas 5ectirity Instivment, and <br />then to retluce the principal balance of the N�te. <br />If L.arder �eceives a paym�t from Borrower for a delinquent Periadic Payment which includes a <br />su�cient a�nount to pay any late c�arge due, the payment may be applied to the delinquent payment acld <br />the late cbarge. If more than one Periodic Payment is outstanding, I.�r maY aPP �Y Payment received <br />from Borrower to the repayment of the Periodic Payments if, ac�d w the ea�tent t1�at, each payme�t can be <br />pai�d in fu11. To the eatent thai any excess exists aftsr the payment is �plied to the full payment of one or <br />more Periodic Payments, such ra�cess may be applied to any late charg� due. Voluntary prePayments shall <br />be applied first to anY prepaYment ebarges and then as describad in the Note, ' <br />Any application of payments, insurance proceeds, or Miscellaneous Proce� ta principal due under <br />the Note shall not extend or postpone the due date, or change the amount, of the Feriodic Payments. <br />3. Funds for Fscrow Itcnus. Horrower shall pay w I.ender on the day Periodic Payments are due <br />wnder the Note, until the Note is paid in full, a sum (the "Funds") w provide far payment of amounts due <br />for: (a) taxes and ass�ts and oCher items which can attain priority over this Security Insmiment as a <br />lieaa, nr encurnbrance on thc Prope�ty: (b) leasehold payrn�nts or gnound rents on the Property, if any, (c) <br />pr�xniums for any and all insuramce rec�uired by L�der under Sectioa S; and (d) Mortgage lnsurance <br />MI�BRpSKA -$ing16 Family - Farmie Mae/FrWdie M� UNIFQRM INSTRUMFN'T <br />�-B�NE) ws> >) Papa 4 of 16 m+c�r: Form 3028 1/01 <br />
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