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20�102170
<br />THIS SECURITI' INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited
<br />variations by jurisdiction to constituYe a uniforxn 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. Borrower sha11
<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 pursuant to Secdon 3. Payments due under
<br />the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received
<br />by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that
<br />any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following
<br />forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's
<br />check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality,
<br />or entity; or (d) Electronic Funds Transfer.
<br />Payments are deemed received by Lender when received at the location designated in the Note or at such other location
<br />as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment
<br />or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any
<br />payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice
<br />to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments
<br />at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender
<br />need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payments to bring
<br />the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or
<br />return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the
<br />Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender
<br />shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants
<br />and agreements secured by this Security Instrument.
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted
<br />and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal
<br />due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the
<br />order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts
<br />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 Payment which includes a sufficient amount to
<br />pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one
<br />Periodic Payment is outstanding, Lender may apply any payment received from Bortower to the repayment of the Periodic
<br />Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment
<br />is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due.
<br />Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note.
<br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not _
<br />extend or postpone the due date, or change the amount, of the Periodic Payments.
<br />3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until
<br />the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and
<br />other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b} Ieasehold
<br />payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section
<br />5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of
<br />Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow Items."
<br />At origination or at any time during the term of the Loan, Lender may require that Community Association Dues, Fees,
<br />and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower
<br />shall promptly furnish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the
<br />HCFG-00359
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />VMP�
<br />Wolters Kluwer Financial Services 201103144.0.0.0.4002-J20100902Y
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<br />Form 3028 1/01
<br />Page 3 of 13
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