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<br />NEBRA
<br />Form 3
<br />Ne3028.mzd.uril
<br />1GETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />iances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />:r understands and agrees that MERS holds only legal title to the interests granted by Bonower in this Security
<br />�nt, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors
<br />�ns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose
<br />the Property; and to take any action required of Lender including, but not limited to, releasing and canceling
<br />zrity Instrument.
<br />)RROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />;r wanants and will defend generally the title to the Property against all claims and demands, subject to any
<br />rances of record.
<br />iIS SECUItITY INSTRUMENT combines uniform covenants for narional use and non-uniform covenants with
<br />variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />VIFORM CO\/ENANTS. Borrower and Lender covenant and agree as follows:
<br />Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Bonower shall
<br />:n due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late
<br />due under the Note. Bonower sha11 also pay funds for Escrow Items pursuant to S�tion 3. Payments due
<br />ie Note and this Security Instrument shall be made in U.S. currency. However, if any check or other
<br />:nt r�;eived by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid,
<br />nay require that any or a11 subsequent payments due under the Note and this Security Instrument be made in
<br />iore of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check,
<br />r's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured
<br />eral agency, instrumentality, or entity; or (d) Electronic Funds Transfer'.
<br />yments are deemed received by Lender when received at the location designated in the Note or at such other
<br />as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return
<br />ment or partial payment if the payment or partial payments aze insufficient to bring the Loan current. Lender
<br />:ept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights
<br />er or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not
<br />d to apply such payments at the time such payments aze accepted. If each Periodic Payment is applied as of
<br />iuled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds
<br />nower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of
<br />�nder shall either apply such funds or return them to Bonower. If not applied earlier, such funds will be
<br />to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim
<br />torrower might have now or in the future against Lender shall relieve Borrower from making payments due
<br />1e Note and this Security Instrument or performing the covenants and agreements secured by this Security
<br />v Application of Payments or Proceeds. Except as otherwise described in this 5ection 2, a11 payments
<br />i and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note;
<br />�ipa1 due under the Note; (c) amounts due under 5ection 3. Such payments sha11 be applied to each Periodic
<br />t in the order in which it became due. Any remaining amounts shall be applied first to late charges, second
<br />�ther amounts due under this Security Instrument, and then to reduce the principal balance of the Note.
<br />Lender receives a payment ftom Borrower for a delinquent Periodic Payment which includes a sufficient
<br />to pay any late charge due, the payment may be applied to the delinquent payment and the late chazge. If
<br />an one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the
<br />:nt of the Periodic Payments if; and to the extent that, each payment can be paid in full. To the extent that
<br />�ss exists after the payment is a�plied to the full payment of one or more Periodic Payments, such excess may
<br />ed to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then
<br />ibed in the Note.
<br />Zy application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />�t extend or postpone the due date, or change the amount, of the Periodic Payments.
<br />Funds for Escrow Items. Bonower shall pay to Lender on the day Periodic Payments are due under the
<br />ntil the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and
<br />,ents and other items which can attain priority over this Security Instrument as a lien or encumbrance on the
<br />y; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance
<br />i by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower
<br />er in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of 5ection 10.
<br />ems are called "Escrow Items. " At origination or at any time during the term of the Loan, Lender may require
<br />nmunity Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />�ents sha11 be an Escrow �tem. Borrower sha11 promptly furnish to Lender all notices of amounts to be paid
<br />his Section. Bonower shall pay L.ender the Funds for Escrow Items unless Lender waives Bonower's
<br />on to pay the Funds for any or a11 Escrow Items. Lender may waive Borrower's obligation to pay to Lender
<br />or any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver,
<br />er sha11 pay directly, when and where payable, the amounts due for any Escrow Items for which payment of
<br />ias been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment
<br />�uch time period as Lender may require. Borrower's obligation to make such payments and to provide receipts
<br />Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT - MERS
<br />Page 3 of 11
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