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201008653
<br />LOAH #: 3264Z7�
<br />7'H�S S�CUAI7Y INSTRUMENT combines un"rform covenants tar national use and nan-uniFnrm cnvenants with
<br />limited variations by jurisdiction to constitute a uniform s�curity instrument cavering real praperty.
<br />UNIFORM COVENANTS. Barrower and l.ender cavenant and agree as follaws:
<br />1. Paymont af Principal� Intarost, E�crow It�ms, Prepayment Chargea� �pnd Latq Charges. Borrower shall pay
<br />when due#he principal af, and interest on, the debt evidenced by the Note and any prepayment charges and late charges
<br />du� under the Nvte. Borrvwer shall also pay funds for Escrow Items pursuant to Section 3. Payments due under tha
<br />Note and this Security Instrument shall be made in U.S. aurrency. Howeaer, if any check or other instrument receir+�d
<br />by Lender as payment under the IVot� or this 5ecurity Instrument is returned to Lender unpaid, Lender may require that
<br />any vr all subsequent paymenis due under the Note and this Security Instrument be made in one or more afthe follawing
<br />forms, as selected by Lender: (a) cash; (b} money order; (c) certifled check, bank check, treasurer's check or cashier's
<br />check, pr�vid�d any such check is drawn up�n an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity; or (d) Electronic Funds Transfer.
<br />Payments are deemed received by Lender when receivec! at ths locatian designated in the Note or at such other
<br />location as may k�e designated by Lender in accordance with the natice prvvisians in Section 15. Lender may return any
<br />payment or partial payment if the payment or partial payments are insufficient to bring the L.caan current. Lender may
<br />accept any payment ar partial payment insulficient to bring the Loan current, without waiver of any rights hereunder ar
<br />prejudice to its rights to refuse such payment or partial payments in the fu�re, but i..ender is not abligated to apply such
<br />payments at the time such payments are accepted. If e�ch Periodic Payrr�ent is applied as nf its scheduled due date,
<br />then Lender need not pay interest on unapplied funds. Lender may hcld such unapplied funds unbl Barrower makes
<br />paymant ta bring the Loan current. If Borrawer does not do sa within a reasanable period of time, Lender shall either
<br />apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal
<br />halance under the Nate immediately prior to fareclosure. No oifset or claim which Borrower might have now ar In the
<br />future against Lender shall relieve 8orrower from mak(ng payments due under the Note and this Security Instrument
<br />ar pertorming the covenants and agrsements s�cured by this Sacurity Instrument.
<br />2. Applicatlan of Paymonta or Proceada, Exvept as otherwlse desnribed in this Section 2, all payments accepted
<br />and applied by Lender shall be applied in the following nrder of priority: (a) interest due under the Nflte; (b) principal
<br />due under the Note; (c) amaunts due under Section 9. Such payments shall be applied to each Periodic Payment in the
<br />order in which it became due. Any remaining amount5 shall be applied first to late charges, second ta any otheramounts
<br />due under this 5ecurity Instrument, and then to reduce the principal balance af the Note.
<br />tf Lender receives a payment from Eiorrower #ar a deiinquent Periodic Payment which includes a sutficlent amount
<br />to pay any late charge due, the payment may he applied to the delinquent payment and the late charge. If more than
<br />ane Periadic Payment is outstanding, Lender may apply any payment received from Borrower ta the repayment af the
<br />Periodic Payments if, and to the extent that, each payment can be paid in full, To the extent that any excess exists aft�r
<br />the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late
<br />charges due, Voluntary prepayments shall be applied firSt tv any prepayment charges and then as describeci �n the Note.
<br />Any application af payments, insurance prxeeds, or Miscellaneous Proceeds to principal due under the Mote shall
<br />not exte�d or postpone the due date, or change the amaunt, of the I'eriodic Payments.
<br />3. Fund� Tor Escrow Items. Borrower shafl pay ta Lender an the day Periodio Payments are du� under the Note,
<br />until the Note is paid in full, a sum (the "Funds") ta pravide ior payment of amounts due for: (a) taxes and assessments
<br />and athe� items which can attain priorlty over this Security Instrument as a lien or encumbrance an the Property; (b)
<br />ieasehold payments ar graund rents an the Pro�erty, if any; (c) premiums far any and all insurance required by Lender
<br />under Sectio� 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of
<br />th� payment �f Mortgage Insurance premium� in accordanoe with tlYe provisians af Sectian 10. These items are called
<br />"Escrow Items."Atariglnation or at anytime dwring the term afthe Loan, Lander may require that CommunityAssociatian
<br />Dues, Fees, and Assessments, if any, be escrowed by Borrawer, and such dues, fees and assessments shall be an
<br />Escrvw Item. Borrower shall promptly iurnish to Lehder al! �otices oT amounts to ba paid under this 5ecticn. Barrower
<br />shall pay Lender the Funds for Escraw Items unless Lender waives Borrower's obligatinn to pay the Funds for any or
<br />all Escrow Items. Lender may waive Borrawer's abligation #o payto Lender Funds for any or all Escraw Items at any time.
<br />Any such waiver may only be in writing. In the event af such wai�er, Borrower shal� pay directly, when and where payable,
<br />the amounts due for any Escrow Iterns for which payment of Funds has been waived by l..�nder and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payment within such time peri�t! as Lender may require, Borrower's
<br />ohligation to make such payments and to provide receipts shall far all purpases be deemed tv be a covenant and
<br />agreement contained in this Security Instrument, as the phrase "covenant and agreement" is used in Sectinn 9. If
<br />Bvrrower is obligated to pay Escraw Items directly, pursuant ta a wairrer, anc# Borrower fails ta pay the amount due far
<br />an Escraw Item, Lender may exercise its rights under Sectian 9 and pay such amount and Borrower shall then be
<br />vbligated under Secbon 9 to repay to Lender any such amount. Lender may r�voke the waiver as tq any or all Escr�w
<br />Items at any time by a notir+e given in accordance with Section 15 and, upan such revocatian, Borrower shall pay to
<br />Lender all Funds, and in such amounb, �at are then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amaunt (a) suificient to permit Lender to apply the Funds at
<br />the time specified under RESPA, and (b) notto exceed the maximum amount a lender can require under RESI'A. Lender
<br />shall estimate the amount Qf Funds due an the basis of current data and r�asonabie estimates of expenditures of future
<br />Escrow Items or otherwise in accordance with Applicable Law,
<br />The Funds shall be held in an institutlon whose deposits are insured by a federal agency, instrumentality, or entity
<br />(including Lender, if Lender is an institu�on whose deposits are sa insuredy ar in any Federal Home Laan Bank. Lender
<br />shall apply the Funds to pny the Escraw Items no later than the time specfi�d under RESPA. Lender shall not charge
<br />Borrawer for halding and applying the Funds, annually analyzing the esoruw accaunt, or verifying the Escrow Items,
<br />unless Lender pays Borrawer intvrest �n the Funds and Applicable Law permits Lender tn make such a charge. Unless
<br />an agreement is made in writing orApplicable L,aw requlres inter�st to be psid on the Funds, Lender shall not ba required
<br />ta pay Borrawer any interest or earnings on the Funds. Borrawer and Lender can agree In writing, however, that interest
<br />shall be paid on the Funds. Lendershall glveto Barrower, withoutcharge, an annual accaunting of the Funds as required
<br />by RESRA,
<br />lf there is a surplus of Funds hald in escrow, as defined undar R�SPA, Lender shall accaunt ta Borrower for the
<br />excessfundsi nacoordancewithRESPA.IfthereisashortageofFundsh�Idinescrow,asda�inedunderRESP , nd�r�'.
<br />NEBRA$�(�q--�ngle Fam11y--Fannio Mao/Frrddia Mae UNIFOaM IN�TRUMEI� Form aaQe 1/01 Initiala: ��' `� �
<br />� 19�-2007 Onllno Doq�rnenta, Inv. P a�A 3 of 9. ED D o�a,
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