201401665 - Laserfiche WebLink

Browse

��14�1��5 B�RR�WER C�VENANTS tha�Borra�ver zs�awfully s�ised of the estate hereby conv�yed and has the right to grant and canvey�he Property and that the Property is unencumbered, e�.cept for encumbrances of rec�rd. Borrower�varrants and will defend general�y�h�tit�e ta the Proper�y against aII claims and demands, subj ect to any�ncumbrances of recard, THrS SECi1R�TY�NSTRUMENT combines uniform.covenants for natia�.a�use and non-uniform covenants with 1imu.t�d var�a��ns by jurisdiction to constitut�a ur�iform security instrumen�covering rea�property. lJniform �v��nantsx Borrower and L�nder covenant and agr�e as follows: �, Paymen�k ��f Pr�ncipal, Interes�, Es��o� I�ems, P�epaymen� �nar�ges, ar�d Lat� �harge�, Borrower shall pay when due the pr�nc�pal of, and int�rest on, the deb�evidenced hy th�Note and any prepaym�nt charges and�ate charges due und�r th�Note. Borrower shall also pay funds for Escrow Items pursuant ta Sect�on 3. Payments due under the Note and this S�curit�rnstrum�n� shall b�made in U,5. �urr�nc�. Hawever, if any check or�ther�nstrum�nt received by Lender as payment under the Note or thzs 5ecur�ty rnstrument is returned to Lender unpaid, Lender may r�quir�that any or a11 su�sequent payments due und�r the No�e and this Security Instrument�e mad�in one�r more of th�fo��ow�ng f�rms, as selected by Lender: �a� cash; (b} money order; �c) cert�f�ed ch�ck, bank check, tr�asur�r's ch�ck or cashier's ch�ck, provided any such�h�ck is drawn upon an insti�ut�on Whose depos�ts are�nsured by a fe�eral agenc�, ins�rum.en�alzty, or entity; or�d} E�ectron�c Funds Transfer, Payments are d�emed r�ceiv�d by Lender when received at the location deszgnated in the Note or at such other�aca�ion as may he desi�nated b�Lender�n accordance w��h�he natice provisions in Section 15, L�nder may r�turn any paym.ent or partial paym�nt if the payment or partia�payments�re insuffi�ient ta bring the Loan curren�. Lend�r may ac�ep� any payment ar part�al payment�nsufficient to br�ng the Loan current, wi�hout�vaiver�f any right�hereunder or prejudice to its rights to refuse such paymen�or part�a� payments zn the future, but Lend�r is not ob�igated to app�y such payments at the time such payments are accepted. If each Periodic Payment is app�z�d as af its scheduled due date, then Lender ne�d not pay interest on unapplied funds. L�nder may hold such unappli�d�unds until Borrovver makes payments to bring the L�an curr�nt. �f Borrower does not da so within a reasonab�e period of tirne, Lender sha1l either apply such funds or return them to Borro�v�r, If n�t applied ear�ier, such funds wi�I be applied to the ou�standing principal ba�ance under the Note immediately przor to farec��sur�, N� offs�t or�laim which Borrower might have now or zn�he future against Lender�ha�1 r��eve�orrawer fram making paym�nts du�und�r the No�e and this Security Ins�rument or performix�g the covenants and agreemen�s secured by this Securit� zns trument. �. �pplicatior� of Payments ar ��aceeds. Excep�as athervv�se described in this Section�, all payments acc�pted and applied by Lender shal��e applied in the f��owing order of priority; �a� interest du�under the Not�; �b} principa�due under the Note, �c} amaun�s due under Section 3. Such payments shall be appl��d�o each Perzod�c Paym�nt�n the order�n which�t��cam�due. Any remaining amounts shall be applied f�rs��o Iate charges, s�cond to any other amounts due und�r�his Security Znstrumen�, and then to reduce the pr�nc�pal ba�ance�f the Note, If Lender receives a payment from Borrower for a d�Iinquent Per�odic Payment whi�h includes a sufficient amount to pay any�ate charge due, th�payment may be applied to the del�nquent paym�nt and the late charge, �f more than one Periodic Pa�ment is outstand�ng, Lender may apply any paym�nt received from Borrower�o the repaymen�of the Periadic Paym�nts if, and to the ext�r�t that, �ach payment can be pa�d in ful�. Ta th�e�tent that any ex�ess exis�s after the payment is applied to th�full pa�m�nt of an��r more Period�c Payments, such excess rnay be appli�d to any late charges due. Voluntary prepayments shall be applied first tn any prepayment charges and�hen as described zn th�Note. N�BRASKA-Single�amify-�annie MaelFreddie Mac LJNIF�RM 1NSTRUM�NT Farm 3�28 1101 VMP� VMPfi{NE7�13�2} Wolters ICluwer Financial 5er�ices Page 4 of 1 7