201209880 - Laserfiche WebLink

Browse

201209880 BORROW�R COVLNt1NTS that Borrowex is Inwfully seised of the eslate hereby coirvcycd and has the right to g•ant and convey the Property and that the Properry is uneucmnUered, escept for �ncumbrenoes of record. Borrower wurrauYa and will defend generally tha title to the Property againsti all claims and demands, suUject to any encumUranoes of rec�rd. THIS SECURITY 1NSTR.UMI�N"I'combinca w�iform covcnants for nafional use vid non-unifonn covenants witi� 7iinited vaz'ixfions by jiu-iRdicCion lo consLYhiLe a nniform security instrun2enC covering real properfy. Uniform Covenants. Borrower 2nd Lender cove�lnt anci agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower sh111 pny when ciue Che prineipal of, nnd inCerest on, the debt evidenced by the Nole auci nny prepayinent charges and late chuges due wider the Note. Borrower shall also pay funds far Fscrow Items pursuant Co Section 3. Payments due Luider the Note and this Security inat��umcnt shall bc made in U.S. currevoy. liowaver, if any chocic or ot'l�er insCrunsenC reoeiveci by Lender ne payincmC undar Che No�e or this Sectui6y Insh•umenC ia return�d to Lender uupnid, Lender mey require thnt any or nll subsequent pa}nnente due under the Note and this Sectu•iYy Instrtunent be made in one or more of Ihe Following farms, as selected by Lender: (a) eash; (b) money order; (c) certified chec7c, banlc chock, Lroasurar's cl�ccic or cashior's eheck, providedany such chccic ie drawn upon�n insliLuLion whose deposiCs nre ineured by a fedexal Agency, instrumentality, ar enCity; or(d) Elech•onic Funds Transfer. Pnyinenls are deemecl reeeived Uy Lender when received aC tlie location designated in ihe Note or at such other location as tnay be designaCed by Lender in accordance with Yhe notice pr�visions in Section 15. Lender inay rehun any payment or partial paynicnti if tl�e payinenf or parfial�ayn2enka are inauffioient to briiig tl�e Lomi current. Lender may nccepu�ny peyment or parrial payment ineufffcient w bring tke Loan oiu�rent, withouc�uaiver of nny rights hereunder or prejudice to its rights to refuse such payment or partial peymente in the fuhu'e, buC Lender is not obligated to apply snch paytneuts at the fiule snch payments ara aacepted if'each Periodic Payment is a[�plicd as of ila scheduled due d�Ce, theti Lender need not pfly interest on Lmupplicd fiuids. Lender may hold such unapplied funds tuitil Borrower u�akes paymants to Uring the Loan curxent. If Borrower does not do so within a reasonaUle period of frme, l.ender sha11 eifher appiy sLich f'unds or return them to Ron�owe��. If not applied carlicr, si�ch funds will be�pplied lo lhe ouCstnnding principal balanco iuidcr Che NoCe iuvnadiately prior to foreclosure. No offset or claiin wliich Rorrower inighY have now or in tihe lirttue a�gainst Lender shall relieve Rorrowor from mttl<ing pay�ncnts due under the NoCe aaid tlus Security 1nsU ument or performing tl�e covenants and agreenZents secured by this Security [nstr-ument. 2. Application of Payments nr Proceeds. L+xcept as otherwise desoribecl in thia Section 2, all pa}nnents accep�ed 1nd applied by Lencler shall be applied in the following order of priority: (a) iuterest due imder the Note; (b)principal due under tlie Note; (c) amounts due under Section 3. Snch paymon�v shall be a��plicd to each Periodic P�}nnent rn the ordcr in wl�ich it becanie due. Any remaining ninounts shnll be applieci firat to latc ohnrges, secotid Co atiy other emotmte dna under this Security Inshuinent, fmd then to reduce the pxincipal balance of the Note. If Lendex reeeives a pnyinent lYoin Borrower for a deliuque�rt Pe�iodic Pnyivent which includes a sufficient amounC to pay uiy late charge due, the paymc��t may be applied tu the delinquenC payinenC and the lnte charge, Tf more than ove Periodio Payi2ienC is outafnnding, Lendex mny a�ply any payment received fi•om Borrowcr to the repayment of the Periodic Peyments i�t; end to the exYent tlu��t, each payment oan be paid in fiill. To the exlenE that any excess exisEs a'ftar the payinetrt i� app1ied to the fuU payineat�rf rnie or inoro Periodic PayinenTs, such excess may Ue a,pplicd to aiiy]ate charges cii�e. Voluvtaiy prepayu�ents ehall be appiic;d firnt to auy prep�yinent chArges end then ae desoribecl in the Note. zaooaeza NEARASKA�Singlc Famlly-Fannle MaelFreddle PAac UNIFORM INSTROMENT Form 3020 1/01 VM P� VM P6(NE)(1106). Wolters Klmver finandal SerNces Pnpn A nf 71