201201128 - Laserfiche WebLink

Browse

2012Q112� BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Bonower wazrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Uniform Covenants. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Bonower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Bonower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this 5ecurity Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this S�urity Instrument he made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's ch�k or cashier's check, pmvided any such che.ck is drawn upon an institurion whose deposits are insured by a federal agency, insuumentality, or entity; or (d) IIectronic Funds Transfer. Payments aze deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the IIotic� provisions in �ction 15. Lender may reteua �ay payment or paztial payment if the payment or partial payments aze insufficient to briIIg the Loaa c�rsre�et. Lesder may a�egt any gayment or gartial paym�a►t i�su�cient to hri�,g the F.�� current, w�tho� wa,i� of �n�r �ghts heae�r vr gsej�ciic� to its rights to refvse suc1� payment or partia� pay�n�s ia� t� frr�, �¢ � is �t ob�igated to apgly such paymeats a8 tt� tin� s�ch gay�s � ameptec�. if �a Peai�ic Pay� is a��d � of its schedulec3 d� da,te, t�ieit Lender aeed IIaE gap i�ere.s� om tutapp�i� f�ads. �ades �ay �o�d �fi �pYied f�mds u� �orrower makes gayments to bai� tt�e � c�. ��ffi�vv�s �s �g ¢�o so �� r�nab�e peri� o� ti�e, Y.ender sba1l either apgly � ftmds oF ret� tF� te �ioare:�vrer. ��¢ apgEi� e�.ciier, such fuacds vvi�I be applied to tbe outstandiag principa� baFa�ce �er the l�ate i�aatelyr prior to fc�recl�re. No oi�:t or claim wlzich Bosrower n�i,gh,t have nov� or ffi t�&e f�ue ag�tinsE '�des sl�a� Ee�ieve Borm� froffi nra�ng PaYments due uucfier t�Ce Nvte �d tUis Securit�r F� � perfQS�g tbe covenagts anct agr�ee�tts s� by this Security Instrument. 2. Applieafion of Payments or Proceeds. Except as otherwise described in this Secrion 2, a11 payments accepted and applied by Lender shall be appli� in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late chazges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late chazge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Bonower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late chazges due. Voluntary prepayments shall be applied first to any prepayment chazges and then as described in the Note. NEBRASKA-Single Family-Fannte Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP 0 VMP6(NE) 11705) Wolters Kluwer Finencial Services Pege 4 of 7 7