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<br />TOGETHER WTTH all the improvements now or hereafter ezected on the property, and all easements,
<br />appurtenances, and fixt�ues now or hereafter a part of the property. All replacements and additions shall also be
<br />cflvered by this Security Tnstr�ment. All of #he foregoimg is referred to in this Security Inst�vnnent as the "Property."
<br />Borro�+er understands and agrees ttcat MERS holds only legal title to the interests granted by Borrower in this Security
<br />Instrument, but, if necessary to comply wixh Ia�cv or custom, MERS (as nominee for Lender and L,ender's successors
<br />and assigns) has the rig�t: to exercise any or alI of those interests, including, but not limited to, the right to foreclose
<br />and se�I the Progerty; and to take any aclion required. of Lender including, but not limited to, releasing and cancelimg
<br />this Security Instxunnent.
<br />BORROWER COVENANTS that Borrower is lawfi.�lly sezsed of the estate hereby comleyed and has the right
<br />to grant and convey the Property and tliat the Property is unencumbereti, except foz encumbrances of recard.
<br />Borrower warrants and wilt defend generally the titIe to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines unzform covenants fornational use and non-uniform covenants with
<br />Iimited variations by jurisdiction to constitute a uniform security instrument covering reai property.
<br />UNIFORM COVENANTS. Bozrower and Le�ader cavenant and agree as follows:
<br />1. Paym �►t of Principal, Interest, Escrow Ttems, Prepayment Charges, and Late Charges. Borrower shali
<br />pay when due the principal of, and 'uxterest on, the debt evidenced by tb.e Note a:ad any prepayment charges and Iate
<br />charges due under the Note. Borrower shall also pay fimds for Fsczow Items puzsuant to Sectzon 3. Payments due
<br />under the Note and this Security Instrument shall be made in U.S. currency. However, if any chExk or otber
<br />instrument re�eived by Lender as payment under t�e Note or this Seeurity Instrument is retumed to Lender tuipaid,
<br />Lender may require tb:at any oz aII subse�ent payments due uader the Note and this Security Instrument be made in
<br />one or more of the following forms, as selected by L�nc3er. (a) cash; {6) money order; {c) certified check, bank check,
<br />tceasurer's check or cashier's ch�k, provide3 any such check is drawn upon an institution whase deposits are insur�
<br />by a fedezal agency, insmtmentaliry, oz entiry; or (d) Electronic F�nds Transfer.
<br />Paymerns are d�med re�;eived by L�nder when received at the location designat� in the Note or at such other
<br />location as may be d�ignated by Lender in accordance with the notice pmvisions in Secrion 15. Lender may ret�un
<br />any payment or partial payment if the payment ar gartial payments are insufficient to bring the Loan current. Lender
<br />may accept any payment or partial payment insufficient to bring the I.oan current, without waiver of any rights
<br />here,under or prejudice to its rights to refuse such payment or partial payments in the future, but I.ender is not
<br />obligatad to apply such payments at the time such paymerns are accepted. If each Periodic Payment is applied as of
<br />its scheduled due date, then L,ender need not pay interest on unapglied funds. T.ender may hold such unzpplied f�mds
<br />uutil Borrower makes payment to bring the Loan current. Tf Borrower does not do so within a reasoaable period of
<br />time, Lender shall either agply such funds or return them to Borrower. If not applied earlier, such fuads will be
<br />applied to the outstanding principal balance �der the Note immediately prior to foreclosure. No offset or claim
<br />which Borrower might have now or in the future against I.snder shall relieve Borrower from making paymants due
<br />under t1ze. Note and this Secarity Instrument or performing the covenants and agreements secured by tbis Security
<br />Instn�meat.
<br />2. Application of Paymeuts or Proceeds. Except as otb.erwise described in this Section 2, all payments
<br />accepted and applied by I.ender shall be applied in the foIlowing order of priority: (a) interest due tlnder the Note;
<br />(b) principal due 2mder the 1Vote; (c} amounts due under Section 3. Such payments shall be apglied to each Periodic
<br />Payment in the order in which it became due. Amy zem«ai�ning amounts shall be applied �irst to late charges, second
<br />to any other amounts due under #his Sec�rity Instrume�, and then to reduce the principal balance af the Note.
<br />If Lender receives a payment from Borrower for a delinquent Periodic PayAaent which includes a sufficient
<br />amount to pay any iate charge dua, the payment may be applied to the delinquent payment and the Iate charge. If
<br />mora thau one Peziodic Payment is outs#anding, Lender may apply any payment received from Borrower to the
<br />zepay�aent of the 1'eriodic Payxnents if, and ta the extent rhat, each paynuent can be paid in full. To the extent that
<br />any excess exists after the paymem is applied ta the full payxnent of one ox more Periodic 1'aymeats, such excess may
<br />be applied to any late charges due. Voluntary prepayments shall be a�plied first to any prepaymeu.t cha.rges and then
<br />as described in the Note.
<br />Any application of pay�memts, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />shall not extend or postpone tkte due date, or change the amount, of the Peziodic Payments.
<br />3. Funds for Escrow Ttems. Borrower shall pay to Lender on the day Periodic Payments are due undez tb.e
<br />Note, until the Note is paid in full, a sum (ttie "Funds") to provide for payxnent of amounts due for: (a) taxes and
<br />asse,SSments and ather items which can attain priority over this Security Instrument as a Lien or encumbrance on the
<br />Properry; (b) leasehold payments ar ground rents on the Property, if any; (c) premiums for any and all insurance
<br />requized by Lender under Section 5; and (d} Mortgage Insurance prexniuius, if aay, or any sums payable by Borrower
<br />to Lemder in Iieu of the payment of Mortgage Insiu�ance premiums in accorciance witb. the provisions of SecLion 10.
<br />These items are called "Escrow Items." At origima�ion or at any time during the term of the Loan, Lender may require
<br />that Community Association Dues, Fees, and Asse.ssmeats, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments sl�all be an Esc�ow Item. Barrawer shall promptly furnish to Lender all notices of amounts to be paid
<br />under this Section. Borrower shall pay Lender the Funds for Escrow Items unless I.�nder waives Bozrower's
<br />obligation to pay the Funds for any or aIl Fscrow Items. Lender ma.y waive Borrowex's obligation to gay ta Lznder
<br />Funds foz any or all Fscrow Items at any ti�me. Any such waiver may only be in writing. In the event of such waiver,
<br />Borrower shall pay directly, �vhen and where payable, the amounts due fox �ny Escrow Items for which payment of
<br />Funds has beEn waived by Lender and, if Lender requires, shall fumish to Lender za:eipts evidencing such payment
<br />within such time period as I,ender may require. Bonrowez's obligarion to make such payments and to provide reeeipts
<br />NEBRASKA—Sing[e Farrslly—Fann(a Mae/Freddie Mac UNIFORM INSTRUMENT - MERS Docddagle�
<br />Form 3028 7/01 Pege 3 of 11 www.doa»agic.�m
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