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201008253
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<br />TMIS SECIlRITY INSl"RUMENT combines uniforrn covenants for national use and non-unifarm cavenants with
<br />limited variatians by jurisdictinn tn cnnstitute a uniform security instrument oovering real property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as fallaws:
<br />1. Payment af Princlpal, Interest, Esorow It�ms, Prep�ym�nt Charges, and Late Chargea. Borrawer shall pay
<br />when duethe principal of, and interest nn, thQ debtevidenced bythe Note and any prepaymentcharges artd late charges
<br />due under the Nate. Barrower shall also pay funds for Escrow 1#ems pursua,nt ta Section 3. Payments du� under the
<br />IVnte and this Security Instrument shall be made in U.S. currency. However, 'rf any check or other instrument received
<br />by Lender as paymertt under the Nate or this Security Instrument is returned to Lender unpaid, Lender may require that
<br />anyaral! subsequent payments due underthe Note and this Security Instrument be made in one or mnre ofthefollowing
<br />farms, as selected by Lender: (a) cash; (b) money order; (c) cert'r�ied check, bank check, treasurer's check or cashier's
<br />check, provided any such check is drawn upon an institutian whose deposits are insured by a federal agency,
<br />instrumentality, or entity; or (dj �lectronic Funds Transfer.
<br />Payments are deemed received by Lender when received at th� Inca6on dssi�na#ed in the Nate ar at such other
<br />location as may be clesignaCed by Lender in accqrdance with the natice provisions in 5ection 15. Lender may return any
<br />payment ar partial payment if tha paymen# or partial paym�nts are insu.fficient to bring the Laan current. Lender may
<br />accept any payment or pattial payment insuificient ta bring the Loan current, without waiver nf any rights [�ereunder or
<br />prejudice t4 its rights ta r�afu�e such payment or partial payments in the future, bu3 Lender is not abligated to apply such
<br />payments at the time such payments are accepted. 1f each Periodic Payment is applied as nf its scheduled due date,
<br />then L.ender need not pay interest nn unapplied funds. Lender may hold such unapplied funds until Borrow�r makes
<br />payment to bring the l.oan current. If Bprrqwer do�s nat do sa within a reasanable period of time, Lender shall either
<br />apply such funds orreturn them to Borrawer. If not applied earlfer, such funds wil! be applied to the autstanding principal
<br />E�alance under th� Nate immediately prior to foreclosure. No offset nr claim which Borrower might have ncwv or in the
<br />future ag�inst Lender shall relie�e Barrower from making payments due under the Note and this Security Instrument
<br />or perfarming the covenants and agreements secured by this Security Instrument.
<br />2. Appflcation a�t Payments or Procaeda. Except as othervvise described in this Sectinn 2, al1 payments accepted
<br />and applied hy Lender shall be appfied in the tallowing order af priority: (a) interest due under the Note; (h) principal
<br />due under the NaCe; (c) amounts due under Section 3. Such payments shall be applied to each Perlodlc Payment in the
<br />order in which it becamQ due. Any remaining amaunts shall be applied firstto late charges, second to any ather amaunts
<br />due under this Security Instrument, and then ta reduce tha prinoi�at balance af the Note.
<br />t� L.ender receives a payment from Barrpwer for a delinquent Periadic payment which includes a sufficient amount
<br />ta pay any la#e charg� due, the payment may be applied to the delinquent payment and the tate charga. If mdre than
<br />one Periodic Payment is outstanding, Lender may apply any payment received from Borrnwer tn the repaym�nt oi the
<br />Periadic Payments ifi, and to the extent that, eaah payment can be paid in full. To the extent that any excess exists afiter
<br />the payment is applied to the full payment of ane or mare Periadic Payments, such excess may bn applied tn any late
<br />charges due. Voluntary prepayments shall be applied first to any prepaytt�ent charges and then as described in the Note.
<br />Any application of payments, insurance prnceeds, car Miscellaneous Proceeds to principal due u nder the Nate shall
<br />nat exkend or post�aone the due date, or change the amount, af the Periodic Payments.
<br />3. Funds for Escrow Items. Borrower shall pay ta l.ender on the day Periadic Payments are due under th� IVote,
<br />until the Nnte is paid in full, a sum (the "Funds") ta provide for �►ayment af amaunts due fc�r: (a) taxes and assessments
<br />and other items which can attain priority aver this Security Instrument as a�ien or encumbranc� on the Property; (b)
<br />leasehold payments ar graund rents an the Praperty, if any; (c) pr�miums for any and a#1 insuranca required by Lender
<br />under Section 5; and (d) Mortgage Insurance premiums, if any, ar any sums payatale k�y Borrower to Lender in lieu of
<br />the payment of Mortgage fnsurance premiums in accordance with the provisians af Section 1 Q. These items are called
<br />"�scrraw Items,"At origination or at anytime during theterm nf t#'te I..oan, Lender may requirethat Cammun'rtyAssociativn
<br />Dues, Fees, and Assessments, if any, be esnrawed by Borrower, and such dues, fees and assessments shail be an
<br />Escrow ftem. Borrower shall promptly furnish to Lender ail natices oi amounts to be paid under this 5ection. Barrawer
<br />shall pay Lender the Funds for Esccow Items unless Lender waives Borrower's ob{igatian to }a�y the Funds for any or
<br />all �scrow Items. l.ender maywaive Borrower's obligation ta pay to Lender Funds for any ar all Escraw Items at any time.
<br />Any such waiver may anly be in wri#ing_ In the event af suoh waiv�r, 6arrower shalt pay directly, when and where payable,
<br />the amaunts due �for any Escraw Items far which payment of Funds has been waived by Lender and, if Lender requires,
<br />shall furnish ta Lend�r receipts e�idencing such payment withirt such time period as Lender may require. Borrower's
<br />abligation ta make such payments and ta pravide receipts shall for aA purpases be deemed to be a aovenant and
<br />agreement contained in this Security Instrument, as the phrase "covenant and agreement" is used in 5ection 9, I#
<br />Borrower is oEaligated to pay Escrow Items directly, pursuant ta a waiver, and Borrawer faits to pay the amount due for
<br />an �scrow ltem, �.ender may exercise iis rights under Section 9 and pay such amaunt and Barrower shaA then be
<br />abligated under 5ectian 9 to tepay ta Lender any such amount. L.ender may revoke the waiver as ia any or all �scrvw
<br />Items at any time by a notic� given in accardance with Sectian 1 S and, upon such revncation, Barrower shall pay to
<br />Lender all Funds, and in such amounts, that are then required under this Section 3.
<br />Lender may, a# any time, cvllect and hold Funds in an amount (a) su�cient to permit Lender ta apply the Funds at
<br />the time specrf'ied under RESPA, and (by not to exceed the maximum amaunt a lender can require under R�SPA. L.endar
<br />shall estimate the amdunt of Fundx du� an the basis o�f current dat� and reasonable estima#es af expenditures of tuture
<br />Escrow Items ar otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an 9nstitutican whose deposits are insured by a federal agency, instrumentality, or entity
<br />(including Lendet, if Lender is an institutian whose deposits are so insured) or in any Federal Wome Loan Bank. Lender
<br />shafl apply the Funds to pay the Escrow Items no later than the time specitied under RESPA. Lender shafl not charge
<br />Borrawer tar holding and applying the Funds, annualty analyzing the escrow accaunt, ar verifying the Escrow Items,
<br />unless Lender pays Bocrower interest on the Funds and Applicable Law permi.ts Lend�r ta ma#ce such a charge. Unless
<br />an agreem�nt is made in writing prApplicable Law requires interesttn be paid on the �unds, Lender shall not be required
<br />ta pay Borrawer any interest or earnings on the Funds. Borrower and Lender can agree in writing, hawever, tha# inter�st
<br />shall be paid vn the Funds, Lender shall give ta Barrawer, withnut charge, �n annua! accounting of the Funds as required
<br />by R�5PA.
<br />If there is a surplus of Funds held in escrvw, as defined under RESPA, Lender shall accaunt tn Barr�wer far the
<br />�xe�ssfunds in accordancewith RESPA. Ifthere is ashortage of Funds hsld in escrow, as de�lned under RE5P �nd r
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<br />NEBRpSlCp,--5ingle �arnlly--PanMa Mae/Fraddlo Mac LJNIFQHM IN$TFiUMENT Farm Sa2B 1I01 Toi�.ial��
<br />�l 1999-2007 Qnlina �c7cuments, Inc. P8�9 3 p} 9 NEEDEE� D705
<br />i0-29-2R1Q 12:07
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