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2Q1008919
<br />THIS SECURITY INSTRUMENT combinas uniform cavenants for naCional use and non-unifotm covenants with
<br />lirnited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. $orrower shall
<br />pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late
<br />charges due under the Note. 8orrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due
<br />under the Note and this Security Instrunnent shall be made in U.S. currency. However, if any check or other
<br />instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid,
<br />Lender may require that any or all subsequent payments due under the Note and this Security Instrument be rnade in
<br />one or rnore of the fallowing forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check,
<br />treasurer's check or cashier's check, provided any such check is drawn upon an institutian whose deposits are insured
<br />by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer.
<br />Payrnents are deemed received by L.ender when received at the location designated in the Note or at such other
<br />location as may be designated by Lender in accordance with the notice provisions in Section 15. I.ender may return
<br />any payment or partial payment if the payment or partial paytnents are insufficient to bring tha L.oan current. Lender
<br />rnay accept any payment or partial payment insuf�cient to bring the Loan current, without waiver of any rights
<br />hereunder or prejudice to its rights to refuse such payment or partial payments in the futuce, but Lender is not
<br />obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of
<br />its sch�duled due date, then Lender need not pay incerest on unapplied funds. I,ender may hold such unapplied funds
<br />until Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of
<br />time, I.,ender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be
<br />applied to the nutstanding principal balance under the Note immediately prior to foreclosure. No offset or clairn
<br />which Borrower might have now or in the future against T..ender shall relieve Borrawer from rnaking payments due
<br />under the Note and this Security Instrument ar performing the covenants and agreements secured by this Security
<br />Instrument.
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, a11 payments
<br />accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note;
<br />(b) principal due under the Nate; (c) amounts due under Section 3. Such payments shall be applied to each Periodic
<br />Payment in the order in which it became due. Any remaining amounts shall be applied �rst to lace charges, second
<br />to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note.
<br />lf Lender teceives a payment frorn Borrower for a delinquent Periodic Payment which includes a sufficient
<br />amaunt to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If
<br />more than one Periodic Payment is outstanding, Lender may apply any payment received from Bor:rower to the
<br />repayment of the Feriodic Payrnents if, and to the extent that, each payment can be paid in full. To the extent that
<br />any excess exists after the payment is applied to the full payment of one or rnore Periodic Payments, such excess may
<br />be applied to any late charges due. Voluntary prepayrnents sha11 be applied first to any prepayment charges and then
<br />as described in the Note.
<br />Any applicatian of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />shall not extend or postpone the due date, or change tha amount, of the Periodic Payments.
<br />3. Funds for Escrow ltems. Borrower shall pay to Lender on the day Periodic Payments are due under the
<br />Note, u;ntil 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 attain priority over this Se�urity Instrument as a lien or encumbrance on the
<br />Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance
<br />required by I,ender under Section 5; and (d) Mortgage Insurance premiums, if any, or arny sums payable by Borrower
<br />to Lender in lieu of the payment df Mortgage Insurance prerniums in accordance with the provisions of Section 10.
<br />These itenns ace called "Escraw Ttems. " At origination or at any time during the term of the Loan, Lender may require
<br />that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish ta L.ender all notices of amounts to be paid
<br />under this Section. Borrowex shall pay Lender the Funds far Escrow Items unless L,ender waives Borrower's
<br />obligaCion to pay the Funds for any or all Escxow Items. Lender may waive Borrower's obligation to pay to Lender
<br />Funds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver,
<br />Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payrnent of
<br />Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment
<br />within such time period as Lender rnay require. Borrower's obligation to make such payments and to provide receipts
<br />sha11 for all purposes be deemed to be a covenant and agreement contained in this Security lnstrurnent, as the phrase
<br />"covenant and agreernent" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to
<br />a waiver, and Borrower fails to pay the amount due for an�scrow Item, Lender may exercise its rights under Section
<br />9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to L.ender any such arnount.
<br />Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section
<br />15 and, upon such revocation, Borrower sha11 pay to Lender all Funds, and in such amounts, that are then required
<br />under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) suf�cient to pernut Lender to apply the Funds
<br />at the time specified under RESPA, and (b) not to exceed the maximutn aamount a lender can require under RESPA.
<br />I.ender shall estimate the amount of Funds due on the basis of current data and reasonable estirnates of expenditures
<br />of future Escrow Items ar otherwise in accordance with Applicable Law.
<br />NEBRASKA--Single Family--Fanni� ac IFORM INSTRUMENT - MERS DoCMagiC �r �'nrr� 800-6a9•�352
<br />Form 3028 1/01 Page 3 of 1 1 www.docmagic.eom
<br />Ne3Q28.mzd.xml
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