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20110�770
<br />TOGETHER WTTH all the improvements now or hereafter erected on the property, and all easeme�ts,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and addi�ioas sha.il also be
<br />covezeci by this Security Tnshvment. AI� of the foregoing is referred to in this Se�urity Inst�ument as the "Property."
<br />Barrower unQerstands and agr�s ttfat MERS holds only legal title to the interests granted by Borrower in this Security
<br />Iustrument, but, if n�essary ta comply with law ar custom, MERS {as nomin� for L,ender and Lender's successors
<br />and assigns) Y�as the right: to exexcise any or all of those interests, inclnding, but nat limited to, the rig�r.t to foreclose
<br />and seIl the Property; and to take any action re�uired of L�nder including, but not limited to, releasing and canceling
<br />this Security Instrumeut.
<br />BQRROWER COVENANTS that Borrower zs lawfully seised of the estate hereby conveyed xad has the right
<br />to grant and co�ey the Progerty and that the Property is unencumbered, except for encrunbrances of record.
<br />Borro�ver warrants and wi11 defend �enerally the title to the Property against alI claims and demands, subject to anp
<br />encumbrances af recozd.
<br />THTS SECURITY INSTRUMENT combines anifarm covenaats fornarional use and non-uniform cavenants with
<br />limited variations by jurisdiction to constitute a uniform se�urity instrument coverin.g real property.
<br />UNIF�RM COVENANTS. Borrower an@ Lendez� coveA.ant and agree as follows:
<br />1. Payment of Prindpal, Interest, Escxow Iteaaots, Prepayment Charges, and Late Charg�. Barrower svall
<br />pay when due the principai of, and interest on, the debt evidenced by the Note and any grepayment charges and iate
<br />charges due under tlte Note. Borrower shall also pay fimds for Escrovv Items pursuant to Section 3. Paymen#s due
<br />imder the Note and this Security Instrument s1�aII be naade in iT.5. c�urency. However, if any check or other
<br />iustcvment received by Lender as payment under the Note or this Securi#y Instn�ment is rehuned to I.e�der nnpaid,
<br />T.e�ader may require that any or aI1 subsequent payments due under the Note and fhis Security Tnstmm�ent be made in
<br />one or more of the foIIowi.ng forms, as selected by Lender: (a) cash; (b} money order; (c) certified ch�k, bank check,
<br />treasurer's check or cashier's ch�k, provided any such claeck is drawn npon au insiitution whase deposits are insured
<br />by a fedexal agency, inst�umentality, or ernity; or {d) Electronic Punds Transfer.
<br />Payments are deemed receive�i by Lender when receivexl at the location designat� in the Note or at such other
<br />lacalion as may be designated by I.ender in accordance with Ehe notice provisions in Section 15. Lender may retum
<br />any payment or partial payme� if the payment or partial payments are ins�ufficient to bring the Loan current. I.ender
<br />may accept any payment or partial payment insuf�icient to hring the Loan curreat, without waiver of any rights
<br />hereunder or prejudice to i#s rights to refuse such payment or partial payments in the future, but I�ender is not
<br />obligated to apply such payments ai the time such payments are accepted. If each Periodic Payment is applie@ as of
<br />its scheduled due date, then Lender naed not pay interest on unapplied fands. Lender may hold such unapplied funds
<br />wo�iiJ. Bozxower makes payment to bring the I.oan current. If Barrower doe.s not do so wit�un a reasonable period af
<br />time, Lender shall either apply such funds or return them to Borrower. Tf not applied earlier, snch funds wiil be
<br />applied to the outstanding pzincipal balance under the Note immediately prior w foreclosure. No offset or claim
<br />wl�ich Borrower might h,ave now or in the future against L.ender shall relieve Borrower from malang payments due
<br />under the Note and this Security Instnmment or performing the covenants and agreements secured by this Se�urity
<br />Tnstrument.
<br />Z. AppI'rcation of Payments or Proceeds. Except as atherwise desczi�bed in this Section. 2, alI payments
<br />acc�pted and applied by Lender shall be applied. in the following order of priority: (a) interest due under tlze Note;
<br />(b} principal due under th.e Note; (c) amotants due uader Secrion 3. Such paymemts sT�all be applied to each Periaiic
<br />Payment in the order in which it became due. Any �aining amounts shall be applied first to la.te chatges, second
<br />to any other amounts due under this 5e�urity Instiument, and then to rednce the principal balance of the Note.
<br />� Lender receives a payment from Borrower for a c3elinquent Periodic Payment which includes a sufficient
<br />alnount to pay any late charge due, tlie paym.e�at �azay be applied to the delinquent payment and the Iate charge. Tf
<br />more thau one Periodic Payment is outstanding, Lender maq apply any payment received from Borrower to tlie
<br />repayment of tha Periaiic Payments if, aud to tlze extemt that, each payment can be paid ia full. To the exient that
<br />azry excess exisrs after the payment is applied to the full. payment of one or more Periodic Payments, such excess may
<br />be applied to any Iate charges due. Voiuntary pzepaynaents shall be applied first ta any prepayment criarges and then
<br />as descx7bed °z�¢ the Note.
<br />Any application of payments, insuranc� proc.eeds, ar Miscellaneaus Proc�eds to principal due under the Note
<br />shall not extend or pasrpone the due date, or change the amount, af the Periodic Payments_
<br />3. Ibnds for Escrow ItGm�s. Borrowex shall pay to I.ender on tl�e day Periodic Payments are due under the
<br />Note, urnil the Note is paid in fuZl, a sum {�Ixe "Fuuds") to provide for payment of amounts due for: (a) taxes and
<br />assessnnents and other iterns which can attain priority over this Sect�rity Ynstrume�t as a lien or encumhrance an the
<br />Property; (b) leasehold payments or ground rents on the Propezty, if any; (c) premiums for any and all insu�rance
<br />required by Lender under Section 5; and (d) Mortgage Insurauce premiums, if any, oz any sums payable by Borrower
<br />to Lender in lieu of the paynaemt of Mortgage Insurance premiums in accordance with the provisions of Section 10.
<br />These items are called "Fscrow Items. " At origiaation ar at any time during the term of tl�e Loan, Lender may require
<br />iY1Zt COrnrmmi ty,�sociation Dues, Fees, and Assessments, if any, be escrawed bq Bozrower, and such dues, fe�.s and
<br />assess�memts shall be an Escrow Item_ Barrower shaU. promptly furnish to Lender all notices of a�nounts to be paid
<br />under this Section. Borrower shall pay T.ender the kun.ds for Fserow Items unless Lender waives Borrower's
<br />obligation to pay the Funds for any or all Escrow Items. Lender rnay waive Borrower' s obligation to pay ta Lender
<br />Funds for any ar a1l Fscrow Items at any time. Any such vvaiver ma.y only be in w�i.ting. Tn the event of such waiver,
<br />Borrower shall pay directly, when. and where payable, the amounts due for any Escrow Items for which payme� of
<br />fimds has be�n waived by I.enrler and, if Lender zequires, shall fumish to Lender r�eipts evidencing such pay�aaent
<br />within such time period as I,ender may require. Borrower's obligation to make such payments and to provide xeceipts
<br />e
<br />NEBRASKA—Single Famiiy—Fannie MaeJFreddie Mac UNIFORM INSTRUMERff - MERS p� �
<br />Form 3028 1/01 Page 3 of 11 wwav.da�rmagic.cam
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