201209152 - Laserfiche WebLink

Browse

201209152 RORROWLR COVL�NAN IS tlzat Borrower is lnwfiilly selscd of tha esfate hexeby convcyed and has the right to grant aud convey the Pxo�aerty and that tlie ProperYy is tmencmnbcrcd, excapt for encnmbranccs�o£record. Borrower warraarta uid will defend gencrally the title to the ProperCyagainst all claims And dem�nde, nuUject to auy encumbrances of record. TIIIS SL'�GU12I'f'Y INSTRUMENT combirios �u�iform covenants for nation�l usc aud non-uniform eove�iants with 1nniCad varintions by jurisdiction to constitute n.imiform security instrument covering scal property. UnifoYm Covenants. Borrower and Lender covenant aud a�,nee as follows: 1. Payment of Principal, Interest, Escrow Ilems, Prepayment Charges, and Late Charges. Borrower shall pay when ciL[e the principal of, and interest on, lhe dcUt evidenced by the Note and any prepaymeut charbes and late chnrges dne iuider the Note. Borrower shall also pay funds for Esoiow Items purAuant to Sectirni 3. Yaymeiits due under the NoCe and tl�is Seciniry Il�strument shall be made in U.S. currency. However, i�f any chec1c or otlier inatrument received by Lcnder as payinent under the Notc or this Secttriry HisCrntnent is re[urned Co Lcnder unpaid, Lender may require that airy or all subseqt�ent payments due under the Note aaYd tlus Security Ii�s6rumcnt Ue made in one or more of the followiflg fonns, as selected by Lencicr: (a) cash; (b)money ordec; (c) certified check, bauk cl�eck, treflsurer's check or cashicr's check, provided nny such check is drawn upon an institution whose deposits�re innured by a f'ederal agen�ry, nisiruii�cntalit��, or cntity; or (d) Electrosric runcis Transfcr. f'ayinents tue deemeci reoeived by Le��der when recaived ai the IooaCion designated in the Note or at aucl� other location as inay be designlled by Lcnder in ascordauce with the notice Urovisions in Section 15. Z,ender in�y return any paymeiit or par[ial payment if tl�e payment or parHal payments are ii�sti�f'£iciant to bring the Loan currcnt. l,ender inay acoept any payn�ienC or par6al payment ineuffioienC Co bring tl�e f oazi current, without waiver oP any rigUts hereundar or prejudice lo ifs righte to refuse such payment or parNal payments in tlie f'uture, but Lender is no't ob1igated to apply such pn3m�onts at the time suoh pe}nnenta nre accepfcd. If cach Periodic Payment ia npplied as of its scheduled due daYe, then Lender nced not pny interest on una�plied fimds. Lcndcr may hold suoh uiiapplied fuuda Lmtil Borrower inakes payments fo Urin�tl�e Loau our�ent. If Borrowex does not do ao wiUtin a reaeonable period oP time, Lender shall either npply suoh fimds or rcturn tham to Rorrower. I£not applied earlicr, buch fimds will be applied l'o the outstanding principal h�Iznce unde� thc NoCe iimnediately prior fo foreclosure. No offset or claian wLioh Borrowm�might havo now or in the fiiture against Lender �l��ll rdieve Ron�owar f'rom malung paymonts due under Uie Note and t��is Sccudty Instrumenti or pei�forming the covenauts ttnd a�rcemenYs seoured by this SecLirity Inskim7ent. 2. Applleation of Payi7lents or ProCeeds. Exoept aa ofherwiso descriUecl in this Seotion Z, all paymnnts aocepted and applied by Lencicr s1�a11 be applied in Phe Pollawing orcler of}�riority; (a) intarast due uncier Che Noec; (b)principal due uuder lhe Nohe; (c) ainounts ciue i�uder SecPiari 3. Suoh payn�c��ts slie�li be applied to each Periodic Payinciit iu tl�e ordex in wl�ich it beca�me due, Any re�naining Ainounts ahafl be applicd first to late chu�ges, aecond to any oCher ainotiints due nuder Yhis Secucity In.9G�umcrit, and then to raduce the principal balance of the Note. IP Lcnclor receives a payinent Prom Borrower Por a dclinquent Periodic PaymeuC which inchides a su'ffloient amonnt tio pay any late charge due, the pnyment may bc appliecl to tha dalinqiient payiuuent and fl�e late � charge. If more Chv�one Pc�iodic Payment is outeYanding, Lendcr i��ay apply any paymeut received 1e�m� Rorrower Yo the repaynuene of the Periodic Pa}nnents if, and to the extent tih<�f, each payment can Ue paid in full. 'fo the exCent tliak any excass exiets aftcr the payment is applied to the fqll payfl�ent of one or more Pexiodio Pay�nonts, etitch excess may be applied Co nny lato charges due. Voluutniypre�ayment�s1iall be applied first to �ny prepaymcnt cUarges a�id then Ts clescriUed in Cl�c Note. 24002833 NEBRABKA-6inglePamily-Fannle MaelPredtlle Mac UNIFORM INSTRUPAEN'f Form 3020 1/01 VM P� VM P6(NE)(1106) W olf ers ICluw er Financlal 9ervlces Page 4 of 7 T