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�01109��5
<br />TOGETHER WTTH aII the improvements now or hereafter ezected on tlze property, and all easements,
<br />appurtenances, and �t�ues �aww or hereafter a part of the property. AII replacements and additions shall also be
<br />covered by this Security Instrwnent. All af the foregoing is referred to in this Secwrity �stiument as the "Property. "
<br />Borrower undeistands aud agrees that MERS holds only legal tide to the interests granted by Borrower in this Security
<br />�Z�suittnent, but, if necessary to comgly with law or custom, MERS (as nominee for Lender and Lender's successors
<br />and assigns} has the right: to exercise any or all of those interests, including, but not li�mited to, the right to foraclose
<br />and sell the �copexty; and to take any action required of Lender including, but not limited to, rele.asiag and canceling
<br />this Security Ins�rument.
<br />BORROWER COVF.NANTS tb.at Borrower is lawfi�lly seised of the estate hereby conveyed and has the right
<br />to grant and convey the Property and that the Property is unencumbered, excspt for encvmbrances of zecord.
<br />Borrower warrants and will defend generatly the title to the PropertY aga�st all claims and demands, subj�t to any
<br />encumbrances of record.
<br />THIS SBCURTTY INSTRUMENT cambines uniform covenants foznational use and non uniform covenants with
<br />limited variatioas by jurisdiction to constitute a uniform securiry insi�iiment covering real properry.
<br />UNIFORM CQVENANTS. Eorrower and Lander cavenaut and agree as follows:
<br />1. Payment af Princi�pal, �atez�est, Eserow It�s, Prepayment CI�arges, and Late Charges. Borrower shall
<br />pay wh.eu due the principal. of, and interest cm, tl�e debt evidenced. by the Note and any prepayment cltarges and late
<br />charges due under the Note. Borrower shall also pay fimds for Escrow Items pursuant to Section 3. Payments due
<br />under the Note and this Security Tnstrument shall be made in U.S. currency. However, if any check or other
<br />insizument z�:ezved by Lender as payment und�z the Note or this Security Instrument is reriuned to Lender uapaid.
<br />Lender may require that any or aII subsequent payments due tmder the Note and this Security Instrument be made in
<br />one or more of the following forms, as selected by I,ender: (a) cash; (6) money order, (c) certified check, bank check,
<br />treasurer's che,ck or cashier's ch�k, provid.ed any such check is dra.wn upan an instimtion whose d�posits are insured
<br />by a federal agency, instrumentaiiiy, or entity; or (d) Electronic Ftimds Transfer.
<br />Pay�.e�ats aze deeza.ed received by I..snder w�em recezved at the location designated in the Note or at such other
<br />location as naay be designated by Lender in accoxdance with the notice pzovzsions in Section 15. Lender may return
<br />any payment or partial paymern if the payment or partial paymenfs aze insufficient to bring the Loan ctirrent. Lender
<br />may accept aay payment or pardal payment insufficient to bring the Loan cuncern, witb.out waiver of auy rights
<br />here�mder or prejudice to its rights to refuse such gayment or partial paymerns in the future, but Lender is not
<br />obligated to agply such payments at the time such payments are accepted. If each Periodic Payment is applied as of
<br />its scheduled due date, then Len�der need not pay interest on unapplied funds. Lender may hold such unapplied funds
<br />until Borrower makes payment to bring the Loan cutrrent. If Borrower does aot do so within a reasonable period of
<br />time, Lender shall either apply such funds or rettun them to Borrower. If aot applied earlier, such funds will be
<br />applied to the outstanding principal baiance under the Note iwamediatelq prior to for�los�ue. No offset or claim
<br />which Borrower might have now or in the firture against Lender shall relieve Borrower from matdng payments due
<br />under the Note and this Security Instrument or performiug the covenants and agreements secttred by this Security
<br />Instrument.
<br />2. Applicai3oa of Payments or Proceeds. Except as othezwise desczabed in this Se�tion 2, all payments
<br />accepted and appli� by Lender shall be applied in the following order of priority_ (a) interest due under the Note;
<br />(b) principal dne under the Note; (c) amoimts due under Section 3. Such payments shall be appiied to each Periodic
<br />Payment in the order in which it became due. Any zemaining amoumts shall be applied first to Iate charges, s�ond
<br />to any other amounts due under this Securiry Instivment, and then to reduce tha principal balance of the Note.
<br />If Lender receives a payment from Borrowez fox a delinquern Periodic Payment which includes a sufficieAt
<br />am�unt to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If
<br />more than one Periodic Payment is outstanding, I.�nder may appiy amy paymemt received from Borrower to the
<br />repayment of the Periodic Payments if, and to the extent that, each paymenx can be paid in fiill. To the extent that
<br />any excess exists after tl�e payment is applied to the fuil payment of one or more Periadic Payments, such excess may
<br />be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then
<br />as describe8. in the Note.
<br />Any application of payments, insurance procee8s, or Miscellaneous Proceeds to principal due under the Note
<br />shall not extend ar posipone the due date, or change the amovnt, of the Periodic Payments.
<br />3. Funds for F..scrow It�ns. Borrower shall pay to Lender on the day Peziodic Paynaents are due under the
<br />Not�, uatil the Note is paid � full, a sum (the "fi�mds°) to provide for payment of aniownts dne for: (a) taxes and
<br />assessments and other ftems which can attain priority over ttus Security Instrumemt as a lien or encumbrance an the
<br />Property; (b) leasehold payments or ground rents on the Pmperty, if any; (c) premiums for any and all insurance
<br />required by Lender wader Searon 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Bonrowez
<br />to L,ender in Iieu of the gayment of Mortgage Insurance premiums in accordance with the provisions of Sectioa 10.
<br />These items are calied "Fscrow Items." At originarion ar at any mne during the term of the Loan, Lsnder may require
<br />that Community Association Dues, Fees, and Assessments, if any, be escrowed by Bonrower, and such dues, fces and
<br />assessments shall be an Escrow Item. Borrower shall promptiy fiunish to Lendex all notices of amounts to be paid
<br />under this Sectiou. Borrowez shall pay Lender the fl�nds for Escrow Items uniess Lender waiaes Borrower's
<br />obligatzon to pay the Funds £or any or all Escrow Ttems. Lender may waive Borrower's obligation to pay to Lendez
<br />Funds for any or all Escrow Items ax any rime. .Any such waiver may only be in writing. In the event of such waiver,
<br />Borrower shall pay directly, when and where payable, the amounts dU.e for any Fscrow Items for which paymea�t af
<br />Funds has been waived by Lender and, if I,snder requires, shall fuinish to Lznder receipts evidencing h payment
<br />within such time period as Le�der may require. Borrower's obligation ta make such payments and. to pro�v�id' e receipts
<br />�
<br />iVEBRASKA—Single Famlly—Fannie MaelFreddie Mac UNIFORM INSTRUMENT - MERS
<br />Form 3028 1/07 Page 3 of 17
<br />Ne902e.mad.�t
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