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241106590
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Pa�ment of Principal, Interest, Escravv Items, Prep�yment Charges, and Late Charges. Borrower
<br />shall pay when due the principal o� and intezest on, the debt evidenced by the Note and any prepayment
<br />charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to
<br />Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. aurrency.
<br />However, if any check or other instrument received by Lender as payment under the Note or this Security
<br />Instrument is returned to Lender unpaid, Lender may require that any or a11 subsequent payments due under
<br />the l�ote and this Security Instrument be made in one or more of the following fonms, as seleeted by Lender:
<br />(a) cash; (b) money order; (c) certifierl check, bauk chack, treasurer's check or cashier's check, provided any
<br />such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentatity, ar
<br />entity; or (d) EIectronic Funds Transfer.
<br />Paymants are deemed received by Lender when received at the loc�ion designated in the Note ar at such
<br />other location as may be designated by Lender in accordance with flie notice provisions in Section 15. Lender
<br />may return any payment or partial payment if the payment ar partial payments are insuffitcient to bring the
<br />Loan curten� Lender may accept any payment or partial gayment insufficient to bring the Loan currant,
<br />without waiver of any rights hereFmder or prejudice to its rights to refuse such payment or partial payments in
<br />the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each
<br />Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied
<br />funds. Lender may hold such unapplied funds until Boxrower makes payment to bring the T.,oan current. If
<br />Borrower does not do so within a reasonable period of time, Lender shalt eitlier applq such fimds or return
<br />them ta Borrower. If not applied eazlier, such funds will be applied to the outstanding principal balance under
<br />the Note immediately prior to forecloswre. No offset or cIaim wluch Bonawer might have now or in the
<br />future against Lender shall relieve Borrower .from making payments due under the Note and this Security
<br />Instrument or performing the covenants and agreements secured by this S�urity Instrument �
<br />2. Application of Fayments or Proceeds. �xcept as otherwise described in this Section 2, all payments
<br />accepted and applied by Lender shall be applied in the following order of prioriiy: (a} interest due under xhe
<br />1Vote; (b) principal due under the Note; (c) ttmounts due under Section 3. Such payments sha11 be applied to
<br />each Periodic Payment in the order in which it b�e due. Any remaining amounts sha11 be applied first to
<br />late charges, second to any other amounts due under this .Security Instrument, and then to reduce tbe principal
<br />balamce of the Note. �
<br />Tf Lender receives a payment from Bonower for a delinquent Periodic Payment which includes a sufficient
<br />amount to pay any late chazge due, the payment may be applied to the delinqnent payment and the late charge.
<br />If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to
<br />the repayment of the Periodic Payments i� and to �iie extent that, each payment can be paid in full. To the
<br />extent that any excess exists after the payment is applied to the full payment of one or more Periodic
<br />Payments, such excess may be applied to any late charges dne. Volunfary prepayments sha11 be applied first to
<br />any prepayment charges and then as described in the Note.
<br />Any application af payments, in�,r�n� p���ds, or Miscellaneovs Prviceeds to prineipal due under the
<br />Note shaIl not extend or postpone the due date, or change the amount, of YIie Periodic Paynnents.
<br />3. Funds for Escraw Items. Borrower shall pay to Lender on the day Periodic Payments are due under
<br />the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amouats due for. (a)
<br />taxes and assessments and other items which can attain priority over tl�is Security Ins�rument as. a lien or
<br />encumbrance on the Pxoperiy; (b) leasehoid payraents or ground rents on the Property, if any; (c) premiums
<br />for any and all ittsurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if az�y,
<br />or any sums payable by Borrower to Lender in lieu of the payme� of Mortgage Insurance premiums in
<br />accordance wifih the provisions of Section 1Q. These items are called "Escrow Ttems." At origination or at
<br />any time during the term of the Loan, Lender may require that Community Association Dues, Fees, attd
<br />Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Ttem.
<br />Borrower shaU promptly furnish to Lender all notices of amounts to be paid under fhis Section. Borrower
<br />shall pay Leader the Funds for Escrow Items unless Zender waives Borrower's obligation to pay the Funds far
<br />any or sIl Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for any or all
<br />Fserow Items at any time. Any such waiver. may only be in writing. In the event of such waivez, Borrower
<br />shall pay directly, when aud where payable, the amounYs due for any Escrow Items for whick payment of
<br />Funds has been waived by Lender and, if Lender requires, shall f�rnish to Lender receipts evidencing such
<br />payment within such time period as Lender may require. Borrower's obligation #o make such payments and to
<br />NEBRASKA- Sing►e Family - FanrtteMaelFreddlBMac UNlFORM! INISTRUMENT
<br />Form 3028 4t01 � . � /�
<br />Las� Fonns Inc. (800) 448 e� � /���
<br />i-F'�#FNMa�ozs 4lB2 Page4 of 13 IniGals: �__.
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