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201105833
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Last modified
9/14/2011 12:32:52 PM
Creation date
8/8/2011 8:44:55 AM
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DEEDS
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201105833
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201�0583� <br />BORROWER COVENANTS that Borrawer is la�vfiully seised of the est�e hereby conveyed and has <br />the right to grant and convey tha Froperty and t�at tha Property is unencumbered, except for encumbrances <br />of record Barrower wa�rants aud will defead generally tha title to the Propea�ty against all claims and <br />demands, subject to any encumbrances of record <br />THIS SECIJRITY INSTRUII�ENT combines unifoan. cavenants far national use and non-uniform <br />covenants with limited variatians by jurisdiction to consti#ute a uniform security insbrument covering re�a1 <br />property. <br />'U1�TIF'ORM CUVENANTS. $orro�vver and Lender covenant and agree as follows: <br />1. Payment af Frincipal, Tnterest, Escraw Items, Prepayment Charges, and Late Cbatges. <br />Borrower shall pay when due the grincipai o� and interest on, the debt evidenced by the Note and any <br />pregayment chm�ges and late charges due under the Note. Boaowes shall also pay funds for Fscrow Items <br />p�suant to Section 3. Paymeats due under the Note and #his Securiiy Tr. ,,,, e�+� shall be made in U. S. <br />currency. However, if any check or other instrament receiv� by Lencker as payment under the Nate or this <br />Se� Tnstrume�t is retuc�ed to Lender unpaid, Lender noay require that any ar aIl subseyuent PaYments <br />due undez the Note and this Security Instrument be made in ane ar more of the follovving forms, as <br />selecfied by Lender: (a) cesh; (b) money order; {c} certified check, bank check, treaswrer's check or <br />cashier's checl� pravided aay such cheek is drawn upon an insti�tion whase deposits are insuared by a <br />federal agency, instzumentalitY, or entit} ; or {c� Electranic �'unds Transfer. <br />Paymems are deemed receive�d by Lender when receivexl at the lacation designated in the Nate or at <br />such other Iocation as may be designeted by Lender in accordance with the notice pravisions in Sectian I5. <br />Lender may return any payment or gartial payment if the payment or partisl payments are insufficient to <br />bring the Loan current. Lender may accept anY PaYmeAt or gartial paymem insufficien# to bring the Loan <br />currem, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial <br />payments in the future, but Lender is not obligated ta apply snch payments at the time such payments are <br />accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay <br />interest on unapplied fimds. Le�der ma.y hold such unapplied funds nahl Bonovver makes payment ta bring <br />the Loan current If Borrower does not do so within e. re�asonabie period of time, Lem3er shatl either apP�Y <br />such funds or return. them to Borrowar. If not applied earliar, such fimds will be applied to the outstanding <br />principal �lance under the Note immediately prior to foreclosure. No offse�t or claim which Borrower <br />might have now er in the future against Lender sha11 retiava Borrawer from making paymeat.s due undez <br />the N�te and this Security Inshvmant or parforn�ing the covenants and ageements secured 'by this Security <br />Inst�'ument. <br />2. Applicatton of Payments or Proceeds. Excepf as otherwi.se described in fhis Seckion 2, all <br />paymenis accepted aad appi�ed by Lender shall be applied in the following order of priority: (a) urteresk <br />ciue under the Note; (b) PTinciPal due uader the Note; (c} amou�ts due under Section 3. Snch payments <br />shall be agplied ta ea�h Periodic Paymont in tl�e order in which it became due. Any remaining amounts <br />shall be applied f�rst to late chm�ges, sec�ond ta any �thez amouuts due under this Security Inshwne,nt, and <br />then to r� the prmcipal balance of the No�te. <br />If Lender rec�ives a paytnent from Hozrower for a delinquent Periodic Payment which includes a <br />suffioient amourn to PaY �Y lete charge due, the payment may be applied. to the delinquent payment and <br />the latc charge. If more than one Periodic Payment rs outs#anding, Lender maY aPPIY �3' 1�Y�� received <br />fram Boirower to the repaymeut of the Periodic Payments if, and to the extent that, �ch payment c�m 1� <br />gaid in ftilL To the exte�t that any excess elristg after the paymem is applied to fihe fiil1 payment of one or <br />more Periadic Payments, such excess may be agplie,�l to any late charges due. Volimtary Prepayments shall <br />be applied first to sny prepayment cl�rges and t]ien as d�cribed in the Note. <br />Any apglicaf.ioa of paymam�, insurance praceeds, or 1V�scellaneaus Prac�eds to principal due under <br />the Note s1�sil not extend ar pc>stpane the due tlate, or change the �mo� flf the Periodic Payme�s. <br />3. k�ds far Escrow Items. Borrower shall �y to Lender on the day Pcriodic Payments are due <br />under the Note, watil the Nots is paid in full, a simn (the "Funds"} to provide far payment of amounts due <br />for: (a) taxe� and ass�sments and ather iY�ms which cxin attain priority over t1�is Security Instrument as a <br />lien or encu�mbrance on the ProPert}, (b) leasehald payme� or gtonnd ren1� on the Property, if anY; fc) <br />premn�ms f� g�y �� mg�� r �� by Lender �mder SeCt�on 5; and (d} Mortgage Insur�ce <br />220Q1S6587 D V6ANE <br />NEBRASKA - 3ingle Femily - Farmie MaelFreddie Maa UNIFORAA JNSTRUMFN7 WITH S — <br />�-SAINE}toB�a} pase4afte Intuat�_�� Form3028 7/Q1 <br />
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