201210448 - Laserfiche WebLink

Browse

201210448 BORROWER COVENANTS thnt Borro�ver is lawfully sciscd of the estate hereby conveyed nnci tias Ll�e rigl�t to grant and convey the Property and fhat the Property is unencLm�Uercd, except for enctunbrances of record. Borrower warrants and will defeiid generally the tiYle to the Property ng�inst'all claims and deinEuids, subject to nny encunibrauces oP record. TT3IS SECLTIti"]'Y 1NS'1'RUMBNT coinUines Lwif'orni covenanCs Por national use and non=uniform c�veuante with litnited verintions by ji�risdicCion Eo r,�nsEitutc a uniforin sectiuity iustrmnanY covering real property. Uniform CoVenants. Borrower 2nd Loiider cove��ant and agree as Pollows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Bono�ver shall�ay when due the principnl of, and intereeC on, Che c1eUt evidcmced by the Note and any prepn}nnent charges and lato ch�u'gc:s duc under the Note. I3oirowei shall also pay funds far L+serow Ifeme pursnant Co SecHon 3. Payments due nnder Clio Note vid tl�is Secm�ity Inshutnent shall be mnde in U.S. ciu•rency. However, if nny check or other instrumenC reoeived by Lendor as payme��t uaider the NoCe or this Seeuxity Inst�wnent is returned to Lender uupTid, Lender may require tliat�ny or all suUsequeizt paymente due under the Note uid this Secucity lnstrmnenti Ua made in ona or moro of the following Lorms, as sclocted Uy Lender: (a) cash; (b)inoncy order; (c) certrficd chec1c, bank check, treaew�er's check or eflshier's check,provided any such check is drawn upon an instihition whose cieposits ar� insured by a federal agency, insU�tunentttlity, or entity; or(d)�lectronic Fmids Trausfer. Payinents are deained recaived by Lender when receiveci at the location design�teci in fl�c Note or at such otl�cr]ocak'ron as may bo de�ibn�ated by Lender in accordance with the notice provisions in SeoCion 15. Lender may retum any plyment or partral paqmcnt if the paymeiit or partial pa}nnents tua irisufFicient to bring the Loan currevt. Lender may accept any�a}nnenl or parNal payment+nsufficient to Uring Uie Loan cm�rent, without waiver of any righta hereunder or prejudioe W its rights to refi�sc such payme��t or partial pajanents in the future, but Lender is not obligated to apply such pa}anents at the lime such paymcnts are �ccepYcd, If cach Periodic�Pa�nnont rs app1ied�s of itv scl�ululed�due da�tie, than Lender need not pay interest on un�ppliecl fimds. Lender mnp hold sueh miapplied funds until Borroiver�roal<es payments to bring tihe Loan currenY. If'Boirower does not do so within a reasonnUle period of liine, Lender shall oither apply sush fiinds or reri�rn them to,Borrower. lf not applied earlier, such fuuds will be applied to the outstnnditig principal balanoe under the Note immediately�xior to foreclo�urc. No�ofFset or claun which Borrower might havo now or in thc futiu•o against Le�ide�-shall relieve Rorrower from making�pnyments due under the Note aud this Seourity Inetrument or performing 11ie oovenants and agrocmcnts secured Uy Uiis Seeurity Histrmnenti. 2. AppllCatlOn of Paymen4s oY PYOCeeds. Except as otherwise described in tl�is Section 2, all pmyinents accepted and applied Uy Lender sha11 Ue a��plied in tho Pollowistg order of prios•ity: (a) intorc,�st duo utider tlie Note; (b)principal duc eu�tior thc Note; (o) mmotmts�due under Section 3. Sucli payments shell be applied to eacl�Periodio Pnyinent in the order in wluch iC becamc due. Any rcmaining amountis ahall be applied firsti to late chaiges, second to any other ui�owiEs due under this Security InsCrument, and then to reduce flie principa1 balance of the Notc. If Lcnder receives 2 p2}nnent from I3orrower for a delinquanti Periodic Pflyment which includes a snfficient amounC Co pny any lal'e oharge�iue, Cho�ayilwnf may bc applied to the delinqttent pa}nnent ftnd the lake charge. Tf niore than one Periodic Paymefit is outstanding Levder may apply any payment recaived f'rom Bocrower to the repaymenti of llia Periodio Pt�yments iP, and io tlie exeent that, eaal�paymcnt can Ue paid in full. "fo the extent that any excess axists after Uie paymant is applied to Yhe full plyment oP onc or n�orc Periodic PaymenCs, snch excess�nay bc applicd Yo any late charges dne. Voluutaty prepayments ahnll be applied first w any prepayment charges anc{ Chen as described in tl�o Note. zaoozei� i�E6RASKA-Single Femlly-Pannie hlaelPretltlie Mac UNIfORM IN5T2l1MGNT Form 302111l01 vn�a e vmva�Ne�t�toe) N/olters Klmver Financiel Servlces Paqe 4 af 9]