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20�2068�� <br />THIS SECURITY INSTRUMENT combines uniform covenants for narional use and non-uniform covenants with <br />limited variations by jurisdiction to consritute a uniform security instrument covering real property. <br />UNIFORM COVENANTS. Bonower and Lender covenant and agree as follows: <br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Bonower shall <br />pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late <br />chazges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Secrion 3. Payments due <br />under the Note and this Security Instrument shall be made in U. S. currency. However, if any check or other <br />instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, <br />Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in <br />one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, <br />treasurer' s check or cashier' s check, provided any such check is drawn upon an institution whose deposits are insured <br />by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. <br />Payments are deemed received by Lender when received at the location designated in the Note or at such other <br />location as may be designated by Lender in accordance with the notice provisions in Secrion 14. Lender may return <br />any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current Lender <br />may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights <br />hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not <br />obligated to apply such payments at the time such payments aze accepted. If each Periodic Payment is applied as of <br />its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds <br />until Bonower makes payment to bring the Loan cunent. If Bonower does not do so within a reasonable period of <br />tune, Lender shall either apply such funds or return them to Bonower. If not applied earlier, such funds will be <br />applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim <br />which Bonower might have now or in the future against Lender shall relieve Bonower from making payments due <br />under the Note and this Security Instrument or performing the covenants and agreements secured by this Security <br />Instrument <br />2. Application of Payments or Proceeds. Except as otherwise descn'bed in this Section 2, all payments <br />accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; <br />(b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic <br />Payment in the order in wtuch it became due. Any remaining amounts shall be applied first to late chazges, second <br />to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. <br />If Lender receives a payment from Bonower for a delinquent Periodic Payment which includes a sufficient <br />amount to pay any late chazge due, the payment may be applied to the delinquent payment and the late charge. If <br />more than one Periodic Payment is outstanding, Lender may apply any payment received from Bonower to the <br />repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the eactent that <br />any excess exists after the payment is applied to the full payment of one or more Periodic 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 descn'bed in the Note. <br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note <br />shall not extend or postpone the due date, or change the amount, of the Periodic Payments. <br />3. Funds for Escrow Items. Bonower shall pay to Lender on the day Periodic Payments aze due under the <br />Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and <br />assessments and other items which can attain priority over tlus Security Instrument as a lien or encumbrance on the <br />Property; (b) leasehold payments or ground rents on the Property, if any; and (c) premiums for any and all insurance <br />required by Lender under Section 5. These items are called "Escrow Items." At origination or at any time during <br />the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be <br />escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly <br />furnish to Lender all notices of amounts to be paid under this Section. Bonower shall pay Lender the Funds for <br />Escrow Items unless Lender waives Borrower' s obligation to pay the Funds for any or all Escrow Items. Lender may <br />NEBRASKASingle Family-UNIFORMINSTRUMBVT Dor.Ma,gle� <br />MODIFl� FOR DEPARTMENT OF VETERANS AFFAIRS - MERS www.docmagic.com <br />(Rev. 1/01) Page 4 of 14 <br />IIIIIII�IIII�I u.�llllll�l�lllllllllllllll�lll�lll <br />