201403885 - Laserfiche WebLink

Browse

201403885 BOItROW�R COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant ai�d convey the Property and that the Property is uneiicumUered, except for eiicumbrances of record, Borrower warra�its�nd will defevd generally the title to the Property against all cllims and deinands, subject to an�encumbrances of record. T'HTS SECURITY INSTRUMENT combines titiiiforin covenants for nntiioiial usa and non-u�7iforin covenants with limited variations by jurisdiction to constitute a tiinifonn security insti•tiuilent covering real property. Uniform Covenants. Borrower and Lender covenant a�7d agree�s follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. �3orrower sl�all pay wherl clue 1ha�rincipal o£, and i��terest on, the debt evidenced by the Note and any�repayment charges and latie cliarges due under the Note. Borrower sha11 also p1y funds for Eserow Iteins pursuant to Section 3. Payments due under t11e Note aild this Security Insttxunent sh�ll be inade in U,S. currency, However, i£a�iy checic or other instrumerit received by Lender as payinent unde�the Note or this Security Instrument is returned to Lencler tYnpaid, Leilder may require th�t any or all subsequent payments clue under tlie Note and this Security I�isi;rLunent be made in one or more of the i'ollowing foriils, as selec�ed by Lender: (a) cash; (b)money order; (c) certi�ied checic, banlc checic, treasurer`s checic or cashier's checic, �rovided any suc�r checic is drawn Lipon an itlstittition whose deposits are insured�y a Eederal agency, instrumentality, or entity; oz(d)�lect�•onic runds Transfer, Pa.yinents �re deemed received by Lei�der�vhen recei�ved at tlle loc�tion desig�iated ii�the Note or a.t such �other location as may be clesigna�ed by Lender in accorc1��nce witl�the notice provisions iti Section 15. Lender ir�ay retttrn any payinent or partial payinent if the payinen�t�o�•partial payinents are instiiFficient to Uring the Loan current. Lencler may accept any payment or parti�tl paymeizt insufficient to bring the Loan curreizt, wit7lout waiver of a�1y rights hereundet�or prejudic�to its rights to refuse such�ayment or partial payinents in the future, but Lender is not obligatecl to apply such payments at tlie time such payinents are accepted. If each Periodic Payinent is a�plied as of its schedulecl due date; then Lender need not pay interest oxi�.uiapplied funds. Lender inay hold such unapplied funds until Borrower inalces payinents to bring the Loan curx•ent. If Borrower does not do so within a reason�ble period of time, Lender sh�ll either apply such fiunds or�•etuxn tliezn to Borrowez•. If not ap�lied earlier, sucll funds will Ue applied to the outstanding pri�cipal val�nce under tl�e Note inunediately prior to foreclosure. No offset or claim whicli Borrower might have now or in the fi.ittu e against Lender shall relieve Borrower from inalcing payments due under the Noto atld this Security Instrttnient or perforining the covenaiits and�greenlents secured Uy this Security Instrument. 2. /�pplicatinn of Payments or Proceeds. Except as otherwise described in tlus Section 2, all paymeiits accepted and�pplied by Leilder shall Ue applied in the following order oi'priority: (a) interest due under the Note; (b)princip�l due under the Note; (c) a.inounts due under Section 3. Stich payments shall be a�plied to e2ch Perioclic Payment in the ordei•iii which it becasne due. Any remaining amounts shall be applied I"irst to late cliai•ges, second to�ny other amounts due under this Security Instrument, �nd then to reduce the principal b�lnnce of the Note. If Lender receives a payment from B�rrower for� delinquent Periodic Payii�ent wliicli includes a sufficient amoLuit to pay any late cl�arge due, the paym�nt inay Ue applied to tlie delinquent payinent and the 11te charge. If more than one Periodic P�yinent is outst�nding, Lender m�y apply any payineiit receivecl Fi•om Borrower to the i�epayment of the Periodic Payments if, and to the extent that, each p�yment can be paid in full. To the extent that any excess exists �fter tlie paymeilt is ap�lied to the full plyment of one or inore Periodic Payrnents, such excess may be applied to asry late charges due, Voluntary prepayments sllall be applied first to any prepayment charges and then as described in the Note. 24-006238 NEBRASKA-Single Family-Fannie M ae/Fretltlie M ac UNIFORM INSTRUM GNT Form 3028 1/01 VM P O VMP6(NE)(1302) Wolters Kluw er Financial Services Page 4 of 17