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201103231
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Last modified
4/28/2011 9:07:10 AM
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4/28/2011 9:07:09 AM
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DEEDS
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201103231
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2011032�� <br />THIS SECURITY INSTRUMENT combines uniform covenants for narional use and non-uniform <br />covenants with limited variations by jurisdicrion to constitute a uniform security insmunent covering real <br />property. <br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: <br />1. Payment of Principal, Interest, Escrow Items, Prepaynnent Charges, and Late Charges. <br />Borrawer sha11 pay when due the principal of, and interest on, the debt evidenced by the Note and any <br />prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items <br />pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. <br />currency. However, if any ch�k or other instrument received by Lender as payment under the Note or this <br />Security Instrument is returned to Lender unpaid, Lender may require that any or a11 subsequent payments <br />due under the Note and this Securiry Instrument be made in one or more of the following forms, as <br />sele,cted by Lender: (a) cash; (b) money order; (c) certifiecl ch�k, bank check, treasurer's check or <br />cashier's check, pmvided any such check is drawn upon an institution whose deposits aze insured by a <br />federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. <br />Payments aze deemed received hy Lender when received at the location designated in the Note or at <br />such other location as may be designated by Lsncter in accardance with the notice provisions in Section 15. <br />Lender may retum any payment or partial payment if the payment or partial paymeats are insufficient to <br />hring the Loan. current. Lender ma.y accept any payment or partial payment insuffieieIIt to bring the Loan <br />curtent, without waiver of an� rights hereunder or prejudice to its rights to refuse such payment or partial <br />payments in the fixture, but Lencter is not obligated to agply such payments at the tim�e such payments are <br />accepted. �f e� F�¢ P�� is a�plie� as of its scheduted cfiue date, t�tes �.ender ne.ect not pay <br />iaterest on u�gpti� �. ��y holc� s�zch �glie� fund:s u�ttil BQrrc�wer �a►a.kes payments ta <br />bring the I.o� c�t�. �&nrr�vveF dc�s � e�o sci withiiT a reasonable period af time, Lender shall either <br />�PPIy sueh f��Ts os r� t� t� �o�wer. �f r�rt apptied earli�r, suc� func�s w�T be app�ied to the <br />outstaz�ing �� �S� �tder �e Note i�:iately pr�ar to foreclosure. Na Offset or claim which <br />Barrower mig� �ave �scv cr� in tF�e future against Lenc�er sl�all relieve Borrawer from making payments <br />due und�s the 1�Tote �i tTsis �ty �t or performing the covenants and agreements secureci by <br />this Security �. <br />Z. Applieation of Paym�ts os Proc�ds. Exc�pt as otherwise c�escribed in this Section 2, alI <br />Pa�tne�Tts �xeFted anc� a�g� by �e�Cier sFcal� be applied 'zn the foTlowiag or�fier of priority: (a) interest <br />c�e �er t�te NQte, �6) P�Pat cfi� trzccaier the Note; (ej �mounts due tmd�r Sectian 3. Sucfi payments <br />sh� � app�ied to e� P�i�c Payffier►t in the order ix� w}aich it beca�e due. A�ny *�*!,�;ning amounts <br />shal� be appliee� f�rst to late c.�arges, secrond to any other amounts due uader this Secvrity Instrument, and <br />the�n to reduce the principat baiance of the Note. <br />If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a <br />sufficient amount to pay auy late charge due, the payment may be applied to ffie delinquent payment and <br />the late chatge. If more than one Periodic Payment is outstanding, Lender may agply any payment received <br />from Borrower to the repayment of Che Periodic Payments if, and to the extent that, each payment can be <br />paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or <br />more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayznents sball <br />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 principai due under <br />the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. <br />3. Funds for Escrow Items. Bonower shall pay to Lender on the day Periodic Payments are due <br />under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due <br />for: (a) taxes and assessments and other items which can attain priority over this 5ecuriry Instrument as a <br />lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) <br />premiums for any and a11 insurance required by Lender under Section 5; and (d) Mortgage Insurance <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM IN5TRUMENT <br />�-61NE) tos� ii Page 4 of 15 iniciais: Form 3028 1l01 <br />� <br />
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