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201008944
<br />2111055716
<br />with law or custorn, MERS (as nominee far I,ender and Lendex's successors and �ssigns) has the right: to exercise any or all af
<br />those interests, including, but not limited to, the right tv foreclose and sell the Property; and to take any actian reyuired of
<br />Lender inc3uding, but not limited to, releASing and canceiing thie Seouricy Instr��ment.
<br />BOftRDWER CpV�NAIVTS that Bprrower is lawflitly seised nf.the estat� hcreby coi�veyed and has the right to grAi3t
<br />and canvey the Property and Ghat the Aroperty is unencumbered, except for cncumbrances of record. Ho'rrnwer warrants a��d
<br />will defend generally the title to the Prnperty against al! claims and demands, subjcet to any �ncumbrances oF recnrd.
<br />THIS S�CURl7'Y INSTitUMEhiT combines uniform covenants for nationaC use and non-uniform cnvenants with
<br />limited variations by jurisdiction to constitute a unifarm securiCy instrament cvvcring real praperty.
<br />UNI�dRM C�VENANTS, �orcower and T�ender covenant and agroc as fotlaws:
<br />!. Payrnent of Prfncfpal, Intewest, Escrow Itemg, Prepayment Charges, and Late Charges. Barrower shall pay
<br />whcn due the principal of, and interest on, the debt evideizced by th� Nnte and any prepayment charges and late char��s due
<br />under the Note. Barrawer shall also pay funds for Escrow Items pursuant to Sectivn 3. Payxnents due under the Note and this
<br />Security Instrument shall be made in �EJ.S. currency. However, if any check ar pther instrument r�ceived by Lender as payment
<br />under the Note or this Security InstrEiment is returned ea Lender unpaid, I.ender may require that any or al) subs�quent
<br />payments due undet' ttte 1�Iote and this Security Instrumcnt bc made in one �r more af the following forms, as select�d by
<br />Lender: (a} nash; (b) money urder; (c) certificd chcck, bank check, treasurer's check or cashier's check, prpvided any such
<br />check is drawn upan an institution wh�se deposits are insured by a federal a$ency, instrumencality, nr cntity oC �d� EIECtE'pC1lG
<br />�'ui�ds Transfer.
<br />Payments are deemed received by Lender when received at the location designated in the �ote ar at such ocher
<br />Eocation a� may be designated by Lcnder in accordanoe with the notice provisions in Section 15. LendCr may return a��y
<br />payrrEent pr partial payn�ent if the payment br partiaE payin�nts are insuf(icient to bring the Loan curreni. Lend�r m�y accept
<br />any payrnent or partial payment insufficient to bring the Laan current, withaut waiver of any rights hcreunder or prcjudice to
<br />its rights to reflase such payment or partial payments in the future, but L,ender is not obligated to apply such payments at the
<br />time such payrnents are aocepted, Tf each Periodic Payment is applicd as oF its schedu[ed due date, then L�nder need not pay
<br />interest on unapplicd funds. Lender may hald such unapplied funds until Borrnwer makcs payment ta bring the Laan current, I€
<br />Borrower does nat do so within a ressonable period of time, Lender shall eieher apply such funds ar return them to Boirower. If
<br />not applied earlier, such funds w9lt ba applied to tha outstanding principal balance under the Note immediatcly prior tn
<br />foreclosura. No of�'set or ciaim which �3on•ower might have now or i�i the f�rturc a�ainst T.endcr shall relicve Barrower from
<br />making payments dus uncter the IVate and this 5ecurity Instruine�i# or performii�g ttae eovenants and agreements seeured by this
<br />"aecuriry Instrument.
<br />x. Applicatlon at' Payments or 1'rnceeds. Except as otherwise descr'rbed in this Section 2, all psyn�ents accepted and
<br />applied by �,ender staall be applied in ihe following order of priority: (a) interest due under the Note; (b} pcincipa] due under the
<br />Note; (c) amounts due under Section 3. 5uch paymenCs shali �c applied to �ach Periodic Payrnent in the order in which it
<br />became due. Axiy remaining amounts shall6c applied first to late charges, seoond to any other amounts due under this 8ecurity
<br />Instrument, and then to reduce the principal balance of the Note.
<br />If Lender receives a payment frorn Bortrower fnr � dciinquent Periodic Payrnent wl�ich includes a sufficient amaunc to
<br />pay any late chargc duc, the payrrtant may be applied to the delinquent payment and the late charge. lf mot•c than ong Periodic
<br />Payment is outstanding, Lender tnay apply any payment reccived t'rom Borrower to ttze repaymei�t of the Periodic Paymcnts if,
<br />a��d to the extent that, each paymont can be paid in fu11. To the ex.tenr that any excess exists after Chc payane�it is applied to t13e
<br />full payment pf one or �nore 1'eriodic Payments, such excess may bc applied to any late charges due. Voluntary prepaymcnts
<br />shall be applied first to any pr�paymertt charges and then as described tn thc Note.
<br />Any application af pay�nents, insurance procecds, pr Miscellaneous Proceeds to principal due under the Npte shall not
<br />excend or pustpone the due date, ax change the amount, of the Periodic Payrr►ents.
<br />3. Funds far Esc�ow ltema. Borrowar sltail pay to I.,,ender on the day Per�odic Pay�n�nts are due urlder the Na�E, until
<br />the Note is paid in futl, a sum (the "Funds") ta pt•ovide for paymcnt of amounts due for: (a) taxes and assessinenis and other
<br />items which cai� attain priority over this Security Tizstrument as a lien or encurnbrance on thc Property; (b) leasehold payments
<br />or ground rents an thc Proparty, if any; (c) premiums for any and al) insuranae required by Lendcr under 5ection S; and (d)
<br />N�BftASKA--Singlo Family--Bannle Maa/Freddfe Mac UNIFURi171NS'1'RtJMBNT'
<br />� 338.2 Page 7 of [2 Form 3018 !/�1
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