201210451 - Laserfiche WebLink

Browse

201210451 BpRROWFR COVLN[1NTS theE Borrower is lawftilly seised of the estate hereby conveyed and has the right to �rant and convoy thc Property aud thaC the Property is unenouinUcred, except for eucuiubrnnces of record. Borrower warrpnts pnd will dofend generally flie title to Y1ie Property against all claims axid dem�uds, subjcct to a�ry e�icmnUrances of record. TI31S SECIJItITY INSTRUML�NT combiues uniform covenauYs for national use and non-uniforin covenAuts with limited va[iations by jurisdiction to cons[ituke a uniPorm necm�ity instrumant eovering real property. Uniform Covenants. Borrower �nd Lende,n-covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower yht�11 pay when due tlie principal of, and i�iCeresti on, tl�e debt evidenced by the Note aud tu�y prepayment chtu•ges nnd l�te charges duc� under the Note. Borrower shtill �lso pay fi'mds fnt Escrow Items pursunnt to Seotion 3. Paycnents due under hhe NoCe�nd thin Secw�ify Instaument shall be macie in ti.S. currenoy. Howcvcr, if a�ry check or other instrument received by Lender as payinent under the Note or this Security IiistriuneuL is returncd to Lender uupaid, Lender may require tF�aC any or all subsequent payinents due nnder the NoCe and this Security I�istr�imcnt be made in one or inore of the following forms, as aelected by Lender: (a) cash; (b)money ordex; (c) oertified check, Uttnl< ohec1c, t�•easurer's check or oashier's check, ptav,ideci any such check is dra�wn upon an institution whose deposifs ve insured by a fede��al agenoy, instrumenCality, or enkity; or (d)Elcctroiiic Funds.Transf'er. Paymenfs �u�e deeined received by Lender when 1'eceived nC che location designaTed ii�the Note or �t such other looation�a may bc designated by Lender in accordance with the nolice provisions in Section 15. Lender may return nny pa}ni�enC or parCial paytncnt if the payinent or pu�Cial p�ymen[s are insufficiant to Uring the I oan ourranf. Lender may accept nny paymenC or partial payment inauf�icieut Yo bri�ig the Loaa ourrent, without waiver of any rights hereundar or prejudice to its rights to rcft�se sucla payinant or partial payments in the fuhite, l�uC Lcndcr is not obligated to apply such pa}nnente ak the Cime snch payn�e�lts are accepCed. If aach Periodic Payment is applied as nf iis schcdLiled due da1e, then Lender ueed not pay intcrrost on w�appliecl£wids. Lender inay hold sueh unn}�plied fimds until Be�rrower malces payinents Co britig the Loan currenk If Borrowor does not do so wiUun a reasonaUle period of[ime, Lendcr nhal1 either apply such fitnds or rehirn them to Borrower. If��t a��plied eei'lie�', such fwids will be applied fo the oi�tstanding principal balazice uuder theNote imtnediately prior Co Poreclosurc. No offsat or olaiuz whicli Barrower u�ight have now or in the fiiture against Lendor shall rolieve Roxrower from making pnymenCs c{ue tmdcr the Note and this Sectuity Instrmnent ox performing the oovenanCa and agrccments�eoured bq this Security I�2strun2ent. 2. Application of Payments or Proceeds. Except aa oYherwise desoribed in th;s Section 2, a11 payments acoepted and applied 6y Lendcr fihall be applied in the Pollowing order of priority: (a) inCernst aue under the Nofe; (b}principal due under the Nofe; (c) tunounts duc uuder Section 3, Such paytnenYs shnll be applicd to cach Yerioclic Payment Li the order in which it beoame dne. ?.ny rcmaining amowits shall be applied Sxat Co laCe chargen, ecoond to any ofl�er ainounts due unclar Yhis Security Instrmnent, ai�d then to reduce the prnicipnl bal�nce of the NoCe. If Lender receives a paymcnt firom Bcirrower for a delinquent Periodic PaytnenC which includcs a suffioient aanount to pay any late chnrge due, Lhe pa�nnent may l�o applied to the delinquent paymenY and khe latc cUarge, If inore than one Periodic Payinent is outstaudiiig, Lendor n�ay app1y auy payine�iti received from Boxrower fo tho rcpaymc�nt of the Periodic Payments if; and to fhe extent thaC, caoh paymcnt can be yaid in full. To the extenE thnt any exoess existe aftcr thc payment is al�plied tio the full paytnent of one or anore Periodic Paymants, such excess may be applied to nny lnte chargcs due. Voluntary prepayments ehall be appliod first to any prepayment chaa•ges and then as descriUed in the Note. _._- - — 24002963 NEBRASKA-Single Famity-Fnnnle MeelFreddie Mac UNIFORI.7 INSTRUrof ENT Form 3a28 11�i VM P 0 VM P6(NF)(1105) Wolters kluwer Financiel Scivicos Pxge 4 of 17