201301557 - Laserfiche WebLink

Browse

201301557 BORROWER t'[IVPNAN!'S that Borrower is law fully sensed of the e kite herein cauncic'd and has the right to grant and convct the Property and that the Property is unencumbered_ except for encmnbiances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands. subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants wdh limited variations by jurisdiction to constitute a uniform secur€ti instrument covering real property. Uniform Covenants.Borrower and Lender covenant and agree as follows' 1. Payment of Principal,lnterest, Escrow Items, PrepaymentCharges,and Late Charges.Borrower shall pay when due the principal rd, :u d interest cm. the debt e.idenced by the Note and any prepayment charges mid late charges clue under the Note Borrower shall also pay funds for EsLrnw hems pursuant to Section Payments due under ILL Neat_ and tic, Securil, IuLtnmient shall be made in U.S currency However. if'any cheek or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid. Lender may requite that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following bonus. as selected by Leader (a) cash: {b) money order, (e) certified check.bank check. treasurer's check or casluei's check. pro s ided am such check is drawn upon an institution whose deposits me insured by a federal agency.instrumentality. or entity. oi tdl Electronic Funds Transfer. Payments are deemed received lw Lender when received at the location designated in the Note or at such other location as nun be designated by Lender in accordance with the nonce provisions in Section 15. Lendet tn:n' return an payment en partial payment tf the pas rn,ol or partial pen items are insufficient to bring the I rein curieul Laude( nun accept any pay went of pat hal pm men( insufficient to bring the Loan cuu'ent. without waiver of any rights heieundel or prejudice to its rights to refuse such pen meat or partial payments in din future. but Lender i,not obligated to apply snub pay merits at the tune such payments are accepted If each Periodic Payment is applied as of its scheduled due dale, then Lender need not pay interest on unapphed funds. Lender may hold such unapplied funds until Borrower makes payments to bung the Loan current. if Borrower does not do so within a reasonable period of time. Lender shall either apply such funds or return them to Bon'ower if not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure No offset or claim which Bonower night have now of in the future against Lender shall relieve Borrow e from making pm mcnts due under the Note and Ibis Security Instrument or performing the covenants and agreements secured by this Security Instrument 2. Applicationof Payments or Proceeds.Except as nthonvise described in this Suction?. all pat metal, accepted and applied by Lender shall be applied in the follow titg nlder of pnordy Sat interest clue under the Note: (b) principal due under the Nate' (cI amounts due node( Section 3 Such pdvments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amorous shall be applied first to late charges. second to any other amounts clue under this Securils Instrument. and then to reduce the principal balance of the Note. If Londe receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due. the payment may be applied to the delinquent pad ment and the late charge. If more than one Periodic Payment is outstanding. Lender may apply any payment received from Borrower to the repayment of the Penodic Payments if. and to the extent that. each pm ment can be paid in loll To thu. c•aent that any excess exists after the payment is applied to the full payment of one or iune Periodic Pay meats. such excess rout' lx applied to ally lab. charges due. Voluntan prepayments shall be applied first to any prepas mien] eimkes and (lien as described in the Note. NEBRASKA-Single Faml• Faime Mae/Freddie Mac UNIFORM INSTRUMENT Form 30 28 LV,I VMP e VMPO(NE)nlc51'=B Wolters Kluwer Fnawel Semzes Page 4 of 17 •