201403516 - Laserfiche WebLink

Browse

��14�351� B�RRQV�ER��V ENANTS �ha�Bo�rower zs �awful�� se�s�d of�h��stat�hereby cnnveyed and has the rzght ta gran�and canvey �he Pr�perty and that the Property is unencum�ered, ��cep� fQr encumbrances�f rec�rd. Borr�wer�arrants a�d w�� def�nd genera��r the t��ie to �h�Property aga�nst a��c�aims and demands, sub��t to any encumbra�ac�s af rec�rd. TH�S SECUR�TY INSTRUMENT c�n�bin�s un�form covenants for na�ional use and n�n-uniform co��nants�vith �xm�.�ed variations by jurisdictian�fl cansti�ute a uniform security instrument c�ver�ng r�al prflp�r�y. Unifvrm Co��nant�. B�rro�er an� Lender co��nant and agree as fai�ows: 'I. Payment af Prin�ipal, tnterest, Escrovv Items, Prepayment �harges, and Late Char��s. Borrower sha1�pa�when due the princ�pal�f, and interes�an, the de�t evzd�nced by�he�ote and any prepa�ment charges and la�e charges due und�r the N��e, Bnrrav�er shal� a�so pay funds f�r Escr�w �t��rns pursuant to S�c��an 3. Paymen�s due under the No�e and�h�s Secur��y �ns�rument shal�be made�n U.S. currency. �owe�er, ��any check or other instrumen�rec�zved b�r L�nder as paym�rit under the Nate ar this Secur��y �nstrument is returned�o Lender unpa�d, L�nder may requir�that an�r�r a�� su�sequent paymen�s du�und�r the Note and this S�curity �nstrum�nt��mad�in one ar more of the fo��owing forms, as selected by L�nder: �a}cash; �b} mon��order; �c}cer�i�ed ch�ck, bank�heck, trea�ur�r's check or cashier's check, provided any such check�s drawn up�n an institution who��deposits ar� insured by a federa� agency, instrumen�aiity, or en�ity; or�d} E�ectronic Funds Transfer. Yayments are�eemed received by Lender when rece��ed a��he�ocati�n d�signa��in the Note ar at such other�a�ation as may be deszgnated by Lender�n accardance wz�h the not�ce pravis�ans in Section �5. Lender may re�urn any paymen�or par��a�payment if the payment or par�ia�payments are insuf�c�ent to �ring�he L�an�urr�nt. L�nder may accept any payment or partia�paynlen�insufficient��bring the L�an current, wi�haut wai��r�f any rights her�under or prejudi�e to �ts rights�a refuse such paymen�or par�ial payment��n�h�f�u.tur�, but Len�er is nat ob��ga�ed to app�y su�h payments a��he t�me such paymen�s are accepted. �f each Per�od�c Payment�s app�ied as of i�s s�h�du�ed due date, �hen Lender n�ed n��pay �nteres� on unappl�ed funds. Lender ma�r ho�d such unapplied funds unti� Borrower mak�s payments ta br�ng�he Loan curren�. If Barro�er daes no�da so within a reas�nable peri�d of t�me, Lender sha��i�her appl� such funds or return�hem t�Barrower. If not appl�ed earlier, su�h funds will be appl�ed t� the outstand�ng pr�nc�pal.ba�ance under th�N��e immediately pr�or�o forec��sure. No offset�r cla�m which Borrovver might hav��now or�n th�fu�ure agazns�Lender shall r�li�v�Borrower from mak�ng payments due under the Note and th�s�e�urity Instrunr��n�or perform�ng the c�v�nant� an�i agr�em.ents secur�d b�th�s Secur��y Ins�rum�n�. 2. App�icativn of Payments or Proceeds. Exc�pt as otherw�s�described xn th�s Sec�ion 2, all paym�n�s accepted and app�ied by Lender shall�e app��ed in the fo��owing�rd�r�f pr��rity: �a} interest due under�he Nate; �b}principa� due under�he Not�; �c� am�unts due un�er Section 3. Such payments shall be applied to �a�h Peri�dic Paym�n�in the arder in which it beca�ne due. Any remaining am�unts sha��e app��ed first ta Iat��harg�s, second t� any other am�unts du�under this S�cur��y�nstrument, and then to reduce the prxnc�pa�ba�ance of the Nate. �f Lender recezv�s a payment from Barr�wer for a dei�nquent Periadi�Payment wh�ch includes a suffzc�ent amount�o pay any lat�charge due, the payment n�ay�e app�ied to the d��nqu�nt payment and�he�a�� charg�. If m�re than ane Perzod�c Payment �s outstanding, Lerzder may apply any payment rece��ved fram B�rrower tn th�repa�ment of the P�r�od�c Payments if, and to the ex��nt�hat, each payment can be paid ir� ful�. To the�xt�n��ha�any excess exzsts after�h�paym�nt�s appl��d t�the full payment of one or m.ore Peri�dic Payrner�t�, such exc�ss may be applied to any late charges due. Voluntary pr�paymen�s shali b� appli��rs�to any prepaym�nt charges and then as d�s�r�b�d�n the N��e. NESftASKA-S�ngEe�amily-Fannie MaelFreddie Mac UNIFaRM INSTRUM�NT Form 30Z8 1101 VMP Q VMPfi�N�1 413�2� Wolt�r$Kluwer Financia!Ser�ices Page 4 ofi 17