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<br />TOGETHER WTTH all the improvements now or hereafter erected am the property, and all easements,
<br />app�anauces, and fixtnres now or hereafter a part of the pzoperty. ALt replacements and additzo�as shall also be
<br />cov by this Security Tnsirumeirt. All of the foregaing is zefexred to in this Security Iustrument as the "Progeriy. "
<br />Borrawer understands and. agrees that' 1VIERS hotds anly legai title to tlie interests gz�anted. by Borrower zn this Security
<br />Insmiinent, but, if necessary to comply witiz law or cusiom, MERS (as nomine� for Lender and I.ender's successozs
<br />and as'signs) has ttie rigkct: to exercise any or atl of those interests, inclnding, but not Iimited to, the right to fore�iose
<br />and sell the Property; and to take any acrion required of L�nder iuclading, but not T.imited to, releas'vag and canceling
<br />t�us S�urity Tnsm�meirt.
<br />�ORRODVER COVENANTS that Borrower is lawfutly seised of the estate hereby conveyed an8 has the righC
<br />to i t and. convey the Property and that the Property is unencumbered, except for �ncwnbrances of record.
<br />Bono er warra�nts and will defend generally the tifile to the Property against all claims and demands, subject to any
<br />en rauces vf record.
<br />� THIS SECURTTY INSTRUMENT comlaines uniform covenants for national use and non-uniform covenants with
<br />limited vaziations by jurisdiction to constitute a uniform secwrzty �ncmimen+ Cpvering real properiy.
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<br />UWtFORM COVENANTS. Bvrrower and Lender cove�nant and agree as follows:
<br />T. Paymeat of Princapai, Inter�t, Escrow Items, P�cepayment Charges, and Late Charges. Borrower shall
<br />pay w�en due the principal of, and. interest on, tb.e debt evidenced by ttie Note and any prepaynnent charges and Iate
<br />charg�s due under the Note. Borrower shall also pay funds for Escrow Items ptusuant to Section 3. Payments due
<br />under':the Note and t�zs Secoriry ]'nstrumern shall be made in U.S. currency. However, if any check or other
<br />instrument received by L.ender as payment under the Note or this Sec�uity Instru�ment is retumed to Tlender unpaid,
<br />I,ender may require that any or all subsequent payments due under the Note and this Security Instruu�errt be made in
<br />one or'moxe of the following forms, as selected by Lender: (a) cash; (b} money ozder; (c} certifiied check, bank check,
<br />breasu:�er's check or cashier's che�k, provided any such chr�k is drawn upvn an institution whose deposits aze insured
<br />by a f�deral agency, instrumentality, or entity; or (d) IIectronic Funds Transfer.
<br />payments are deemed re�eived tsy I,ender wherz received at the location. de,signated in the Note or at such ather
<br />locati�n as may be d�signated by Lender in accordance with the notice provisioas in Secrion 15. Lender may rettun
<br />2my pa or parti.al payment if the payment or partial gayments are insufficient to bring tbe Loan current. Lender
<br />may acc�pt any payment or partial payment insufficient to briag the L.oan current, without waiver of any rights
<br />here�der or prejudice to its rights to refuse such payment or partial payments in the fim�xe, but .Lender is nat
<br />obli ed to apply suctz pay�oaemts at ttie tinie such payments are accepted. If each Periodic Payment is applied as of
<br />its scheduled due date, then Lender nced not pay interest oa waapplied. funds. Lender may hold such unapplied funds
<br />until �ozrower makes payment to bring t3xe T oan current. If Borro�uver does not do so withiu a reasonable period of
<br />rime, Lender shall either apply suah funds or retum rhem to Baxxower. Tf not applied earliez, such fimds wi1J. be
<br />applie�i to the outstand.ing principal iialance under the Note im�iiately prior to foreclosure. No offset or claim
<br />which'Barrower might have now or in the future against Lender shall relieve Bozrower from making payments due
<br />under the Nate and tbis Security Instxument or perfoxming tlze covenants and agr�ents secured by this Security
<br />Imsixument.
<br />��. App�ication of Payme� or Proc�eds. Escept as otherarise described in this Section 2, all. payments
<br />accepted and applied by Lender sha11 be appli� in tY�e following order of priority: (a) interest due unrler the Nate;
<br />(b) prii�cipal due uuder the Note; (c) amounts due under Section 3. Such gayments shall be applied to each Periodic
<br />Payme�at im tbe order in. which it became due. Any reutaining amounts shall be applied fust to late charges, second
<br />to any`other amounts due under thi.s Security Tnstivment, and thea to reduce the princigal balance of the Note.
<br />. If T.ender receives a payment from Borrowsr for a deliuquent Periodic Payment which includes a sufficie�
<br />amount to pay any late charge dtte, 'the payment may be applied to tlie delinquent gaymant and the late charge. If
<br />more t�►an one Periodic Paymeat is outstanding, Lender may apply any paymez�.t received from Borrower to tha
<br />repayme� af the periodic Payments if, and to the eartent that, each payment can. be paid in full. To the exteut that
<br />any excess exists after the payrnent is applied to the fu].l payment of one or more Periodic Payments, such excess may
<br />be aggiied w aay late charges due. V'vluutary prepayments shall be applied first to anY PrePaYm�t charges and. then
<br />as desi�ribed in the Note. ��
<br />Any application of payments, insurance proceeds, or MiscelIaneous Pzoceeds ta principal due under the Note
<br />shall not extend or postgone the dua date, or c�aauge the amount, of the Periodic Payments.
<br />3. Funds for Escrnw Items. Borrower stzall pay to Lender on the day Periodic Payments are due under the
<br />Note, until the Note is paid zn full., a sum (the "Funds") Eo provide for payment of amounts due for_ (a) taxes and
<br />assessments aud ottzer iteras wlaich can attain priority over this Security Instrument as a lien or encumbrance on the
<br />Property; (b) leasehold payments or ground rents an the Praperty, if any; {c} premittms for any and all insurance
<br />requir� by I.ender vnder Sec�i.on 5; and (d) Mortgage Insurance premiums, if any, or a�y sums payable by Borrower
<br />to L.ender in lieu of the payment of Mortgage Insuzauce premiums in aecordance with the provisions of Secti.on J.O.
<br />These ite�m�s aze calIed "Esczow Items. " At origination ar at any time during the term of the I.oan, Lendcr may require
<br />that Com�mm.tmity Association Dues, F�s, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Fscrow Item. Borrawer shall prompdy furnish to Lender all notices of amounts lo be paid
<br />uudez tlais Sectian. Bozxower shaU pay Lender the Funds for Escrow Items unless Lender waives Borro�arer's
<br />obligation to pay the �nds for any or all Escroev Items. Lender may waive Borrower's obligaiion to pay to Lender
<br />Funds for any or aIl Escrow Items at any time. Any such waiver may only be in wri#ing. In the event of su�b: waiver,
<br />Borxower sbalJ, pay diurect�y, when and where payable, tbe amouuts due for any Escrow Items for which payment of
<br />Funds b�as been waived by Lender and, if Lendez res�uizes, sb.all £t�v.sh to lLender rec:eipts evidencing such payment
<br />wlthin such time period as Lender ma.y re.qudre. Borrower's obligation to make such payments and to provide receigts
<br />NEBRASKA—Singie Family—Fannie Mae/Freddia Mac UNlFORM tNSTRUMENT - MERS pa��p�g,�pppp�
<br />Form 3028 7/01 Page 3 of Z 9 www.docmagic.com
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