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201008921
<br />"I"H1S SECURITY INSTRUMENT combines unifor�n covenants for national use and non-uniform covenants with
<br />limited variations by jurisdiction to constitute a unifoz�m security instrument covering real property.
<br />UNIFORM COV�NANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment nf Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrawer 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. Borrower shall also pay funds for Escrow Items pursuaz�t to Section 3. Payments due
<br />under the Note and this Security Instrument 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 made in
<br />one or rnore of the following 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 institution whose depasits are insured
<br />by a federal agency, instrurnentality, or entity; or (d) Electronic Funds Transfer.
<br />Payments are deemed received by Lender when received at che location designated in the Note or at such other
<br />location as may be designated by Lender in accordance with the notice pravisions in Section 15. Lender may return
<br />any payment ar partial payment if the payment or partial payrnents are insufficient to bring the L,oam current. Lender
<br />may accept any payment or partial payment insufficient to bring the Loan currant, without waiver of any rights
<br />hereunder or prejudice to its rights to refuse such payrnent or partial payments in the future, but Lender is not
<br />obligated to apply such payments at the tirne such payrnents are accepted. If each Periodic Payment is applied as of
<br />its scheduled due date, then Lender need not pay interest on unapplied funds. Lender rnay hold such unapplied funds
<br />until Borrower naakes payment to bring the Loan current. If Borrower does not do so within a reasonable period of
<br />time, Lender shall either apply such fuzads or retuzx� them to Borrower. If not applied aarlier, such funds will be
<br />applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or clairn
<br />which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due
<br />under the Note and this Security Instrument or perfornung the covenants and agreements secured by this Security
<br />Instrurnent.
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments
<br />accepted and applied by Lender shall be applied in the following arder of priority: (a) interest due under the Note;
<br />(b) principal due under the Note; (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 first to late charges, second
<br />to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note.
<br />If Lender receives a payment from Borrower for a delinquent Periodic Payrnent which includes a sufficient
<br />amount ta pay any late charge due, the payment may be applied to the delinyuent payrnent and the late charge. If
<br />more than one Periodic Paymant is outstanding, Lender may apply any payment received from Borrower ta the
<br />repayment of the Periadic Payments if, and ta the extent that, each payrnent 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 more Periodic Payments, such excess may
<br />be applied to any late charges due. Valuntary prepayrnents sha11 be applied first to any prepayment charges and then
<br />as described in the Note.
<br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />sha11 not extend or postpone the due date, or change the amount, af the Periodic Payments.
<br />3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the
<br />Note, until the Note is paid in full, a sum (the "Funds") to provide for payment vf amounts due far: (a) taxes and
<br />assessrnents and other items which can attain priority over this Security Instruznent as a lien or encurnbrance on the
<br />Property; (b) leasehold payments or ground rents an the Property, if any; (c) premiums for any and all insurance
<br />required by Lender under Section 5; and (d) Mortgage Insurance premiurns, if any, or any sums payable by Borrower
<br />to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10.
<br />These itezns are called "�scrow Iterns. " At origination or at any time during the term of the Loan, Lender rnay require
<br />that Comrnunity Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Ttem. Borrower shall promptly furnish to L.ender a11 notices of amaunts to be paid
<br />under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's
<br />obligation ta pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligatinn ta pay to Lender
<br />Funds for any or all Escrow Items at any time. Any such waiver may only be �n 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 reyuires, shall furnish to Lender receipts evidencing such payrnent
<br />within such time period as Lender may require. Borrower's obligation to make such payments and to provide receipts
<br />shall for all purposes be deemed to be a covenant and agreement contained in this Secuxity Instrument, as the phrase
<br />"covenant and agreement" 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 Escrow Item, L.ender may exercise its rights under Section
<br />9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount.
<br />Lender r�aay revake 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 shall 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) sufficient to pernut Lender to apply the Punds
<br />at the time speci�ed under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA.
<br />Lender shall estimate the amount of Funds due an the basis of current data and xeasonable estimates of expenditures
<br />of future �scrow Itenns or otherwise in accordance with Applicable Law.
<br />N�BRASKA--Single Family--Fannie Mae/Freddie Mac UNIFQRM INSTRUM�NT - MERS DOCMB[J%C H Cr aYf� t7�, 80�-649•1362
<br />Form 3028 1/01 Page 3 of 11 www.docmagic.com
<br />Ne3029.mzd.xml
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