201208740 - Laserfiche WebLink

Browse

201208740 BOItROWBA COV�NANTS N�at 13orrower is lawfully seised of die estate hereby oonveyed and has tlie iight to gratrt nnd eonvey the Pxoperty and that thc Property is unancumbered, except Cor enatimbrences o£reeord. Borrowar warrants and will defend geiierally the title Co Lhe ProperLy againsf all claims and demands, subject to any encumbranocs of record. THIS SL�CURI'I'Y 1NSTRUMFNT comUines uniform covennnta for national use and iion-uuiforn�oovenants with limited varia6ons by jurisdicLiun to conslitute:a unifoi�m secm�ity instrument covering renl propexty. Uniform Covenants. Burrower and Lendcr oovenalit and agree as followa: 7. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Rorrowcr shall pay whcn duo thc piincipal of, and inEeresf on, tihe debt eviclenced by the Not€and any prep�ymemC charges end lnte chaz•ges due nnder the Note. Borrower shall alao pay funcls for Fscrow Itams pw suent to Section 3. Payinents due twder the Note ancl this Secuxity�istrumenf shall 6c madc in LJ,S. curreney, Howcver, if any dieck or other instrtunent received by Lender as payment under the NoCe or LUis Sccurity InstrumenC is re[urued to Lender unpttid, Lendcr may require that eiry or all subsequent paymente dne nnder the Note 1nd this Security Inah�ument be nade in one ox ino��e oP tho Following forms, as selected by Lender: (a) cish; (U)money order; (o) certitied check, beiilc checlz, treAsurer's checic or enshiei's check, provided any such check is drawn upon an insHhttion whose deposits are hisured by a tederal agency, insri•umentality, or entity; or�(d)�lea[ronic Fnnds Trausfer. Payments arc deomed receiveci by],ender when received at the location designated in the Note or ttt such other looation ae may Uc desig�at¢d Uy Lender in accord�nce with t1ie notice provisions in Section 15. Lendet infly return�ny pnymenC or parCinl�aymenf if the payn�cnt or par6ial pa5nnents are inaufficient to bring tlie Lopn current. Lender m�ly aecept any pa}nnent or pv[in1 paymenC insuPCicient to l�rin�;the Loai7 cun•Eiit, wit(�ont waiver of'auy rights hecaunder or prajudice to iYs rights to refuse auch payment or pn�ti�l payments in the£uturo, but Lcndcr is iiot obligxtcd to app1y such payments at the Yime auch payments ere accepted. If each Perlodic Pa}mient is applied as of its scheduled due cia[e, i1�en Lcndcr vcc,-d not pay intcrest nn unapplied funds. l,ender may hold such wiapplied iiuids ttntil Borrower mllces paymen[s to 6ring the Loan cun�ent. I�P Borrower does not do so within a rcasunab1e peiiod of time, Lznder sha11 either apply such funds or returu them to Borrower. If not applied �arlier, auoh fnnds will be a�7plicd io tha outntandv�g principal balance Luidar tlie Note iimnedietely prior to Poreclosure. No offseE or olaim which Borrower mighC have uow or in the future agvnsf L�1nder shall relieve Bw'rowcr from makin�;payments dtte under ttie Note and this Security Tnstrument ox performing the covenanfs and agreemenfs secured by this Security Insl:cament. 2. Application of Payments oY PYOCeeds. Except 1s otherwise described iu�fiie Section 2, all pa}anents accopted and a�plied by Lender sl�all be applied in the Eollowing order of priority: (a) interest dne under the Note; (b)prinoipal due m�der 11ie NoCe; (c) �mounts duo nudcr Section 3. Such paynients shall ba applied to each Perioclic Payment iu the order in which it Uecame due. Any remnining�unounEs shall Uc applied first t�a lato cl�argcs, second to any olher amoLuify dua under tilus SectuiYy Inst�-umenE, and then to reduoe the prinoipal Ualance of t9�e Notc. If Lcndcr receivas a paymeut from]3orrower for a delinquent Perioclio Pwyment which includes n suffioient amonnf to pay any late chargc duq thc paymcnt may be app1ied to the delinquant payman{aud tihe late chazge. If more than one Periodic Paynlent is ouhstanding, Lei�dcr mrry apply any p�yment received 1'rom Borrower to the repaymant of the Periodic Payments if, and to tha exCent Chat, each payment can be paid in fall. 7b tUe axtertit that 2ny excess exists af�er the payinaut is applied to the full payruenC of one or more Pexiodio PaymenCs, such exccss niay bo applicd to any late ch�rges dne�. Volnntary prepa�ymente shall be applieci trst to any prep2ytnent ch�u•ges and then as desoribed in the NoCe. � 24002460 NEBRASKA-Single Fem Ily-Fennle M salFretldle M ac 11N IFORh1 INST2Ubl ENT Porm 3028 1/01 VM P(7 VM PB(NE)(1'1061� Wolters Kluwer Financial Bervloos Paga q ol 7 Y