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<br />TIIIS SECURITY 1NS'1'RUM�N1' combiues uniform cavenants for natioilal use and non-uniform covenants with
<br />limited variacions by jurisdiction to constitute a uniFvrm security instrument covering real property.
<br />UNIFORM COVENANTS. I3orrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, lnterest, Escrow Items, Prepayment Churges, and Late Charges. F3orrower shall
<br />pay whan due the principal of, and interest on, the debt evidenced by the Note and any ptepayinent charges and late
<br />charges due under the Noce. Borrow�r shall also pay fiuids for Escrow Items pursuant to 5ection 3. I'ayments due
<br />under the Note and this Security Instrument shall be inade in lJ. S. currency. �-lowever, if any check or other
<br />insttument teceived by Lettder as payment under the Note or this 5ecurity Instruntent is returned to Lender unpaid,
<br />Lender may require that any or all subsequent payments due under the Note and this Security Instru►nent be made in
<br />one or more of the followin� forms, as selected by Lender; (a) cash; (b) money order; (c) certified check, bank check,
<br />treasurer's check nr cashier's check, provided any such check is drawn upon an instit�rtion whose deposits are insured
<br />by a federal agency, instrumentality, or entity; or (d) Llectronic Funds '1'ransfer.
<br />Payments are deemed received by Lender when received at the location designated in the Nnte or at such other
<br />location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return
<br />any payment or partial payment if the payment or partial payinents nre insufficient to hrin� the Loan current, I�ender
<br />rnay accept any payment or partial payment insufficienC to bring the Loan current, without waiver of any rights
<br />hereu►�der or prejudice to its rights to refuse sucli payment or partial payments iai che tuture, but L�nder is uot
<br />obli�ated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of
<br />its scheduled due clate, then Lender i�eed not pay interest on unapplied I'unds. Lender may hold such unapplied fi►nds
<br />until IIorrower makes payme�it to bring the Laan curreiit. If I3orrower does not dv so withiu a reasonable period of
<br />time, Lender shall eicher apply such funds or return tl�ezn to Borrower. lf not appl.ied earlier, such funds will be
<br />applied to the oucstanding principal balance ur�der the Note inunediately prior to foreclosure. No offset or claim
<br />which Borrower tx�ight have now or in tlae fuhice a�ainst I.er�cier shall relieve Borrower t'roxxa inaking payments due
<br />under the Noke and this Security instruznent or perti�r»aing the covenants and agreeme�ats secured by lhis Security
<br />Instruinent.
<br />2. Application of Payments or Froceeds. 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) inCerest due under the Note;
<br />(b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Peric�dic
<br />Pay�nezit in the order in wkiicli it became due. Aray reznaiuing amouuts shall be applieci first to late charges, second
<br />to any otlaer a�nounts due under this 5ecurity Instz and then to reduce the principal balance of the Note.
<br />If Lender receives a payment froin Borrower for a dalinqueut Periodic Payn�enf which includes a sufficient
<br />a�nount to pny any late charge due, ttae payment may be applied to the delinquent �rayment and the late charge. if
<br />inore than one Periodic Payinent is outstanding, Lender may apply �ny 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 1'o the extent that
<br />any excess exists after the payment is applied to the full payment of one or more E'eriodic Yayments, such excess may
<br />be applied to any late char�es due. Voluntary prepayments shall be applied first to any prepayment charges and then
<br />as described in the Note.
<br />Any app(ication of payments, insurance �rnceeds, or Miscellaneous Yroceeds to principal due under the Note
<br />shall not extend ar postpone the due date, or change tl�e a�nount, of the Periodic Payments.
<br />3. Funds for Escrow Items. Borrower shall pay to Lender oc� tl�e day Periodic f'ayments are du� imder thc
<br />Note, until the Note is paid in fi�ll, a sum (the "Fu�ids" to provide for paytnet�t of amounts due for: (a) taxes and
<br />assessinents and other items which can attain priority over this Security Instrumelit as a lien or encumbrance on the
<br />Property; (b) leasehold payinents or ground rents on the Property, if any; (c) pre���iurns f'or any and all insurance
<br />required by Lender under Section 5; and (d) Mortgage Insurance preiniuii�s, if�any, or any sums payable by f3orrower
<br />to Lender in lieu of the payment of Mortgage Insurai�ce preiniun�s in accordance with the provisions oF Section 10.
<br />These items are called "�scrow ltems." At origination or at any time durix�g tl�e ter►n of the Loan, Lender may require
<br />that Cozx►m�unity Association Uues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Ite���. Borrower shall promptly fiirnish to I ,et�der all nntices of amounts to be paid
<br />under this Sectioii. Borrower shall pay Lender the I�imds for Escrow Iterns unless Lender waives Borrower's
<br />obligation to pay the Funds Por any or all Escrow Items. Lettder may waive Borrower's obli�;ation to pay to Lender
<br />Punds for any or all Cscrow Items at any tune. Any such waiver may only be iz� writing, In the event of such waiver,
<br />Borrower shall pay diractly, when and where payable, the amounts due tor at►y Escrnw Items for which payinetlt of
<br />Funds has been waived by Lender and, if Lender requires, shall furnisla to Lender receipts evidetzcit�g such payrnent
<br />within such titne period as Lender i�iay require. Borrower's obligatioia to ix�ake such payments and to provide receipts
<br />shall for all purposes be dee�ned to be a covenant aud agreenient coz�tair�ed in this Security Instruz��ent, as the phrase
<br />"covenant and a�reemetit" is used in Section 9. If 13orrower is obligatecl to pay Escrow Items directly, pursuant to
<br />a waiver, and E3orrower fails to pay the ��nount due for an Escrow Item, �.ender may exercisa its rights under Section
<br />9 and pay such amount and Borrower shall then be oUligated under Section 9 to repay to Lender any sucl� a�t�ount.
<br />Lender may revoke the waiver as co any or all F..scrow ]tems at any time by a notice given in accordance with Section
<br />15 and, upou such revocation, 13orrower shall pay to Lender all �unds, and in such amoimts, that are then required
<br />under this Section 3.
<br />Lender may, at any time, collect aud hold Funds in an amount (a) suf�cient to pennit Lender ko apply the Funds
<br />at the tinte specified under 1ZLSPA and (b) not to exceed the maxir►mir� amount a lendar can require under RE35PA.
<br />Lendcr shall estimate the atnounl of Funds due on the basis of current data �nd reasonable estimates of expenditures
<br />of future Escrow Ite►ns or otherwise in accordance with Applicable Law.
<br />NEBR/�SKA--Single Family--Fannie MaelFreddia Mac UNIFQRM INSTRUMENT - MERS DpCM3gIC �r`�t��711f1E�, Btl0-649-1362
<br />Form 3028 1/01 Page 3 of 11 www.docmagic.com
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