201404084 - Laserfiche WebLink

Browse

��14�4�54 B�RR�VL�ER C�VENANTS �ha� Borrower�s �a�vfuiiy seised of�he esta��hereby can�eyed and has the right to grant and convey the Proper�y and�hat the Propert� is unencumbered, e�cept f�r encum�rances af record. Borrower warran�s and w��1 defend gen�rally�he ti�ie�o the Property against aI��laims and demands, subjec�ta any encumbrances of record. THIS S��t�R�TY INSTRUMENT c�mb�n�s uniform��venan�s for na�i�nal use and non-un�f�rm covenants w�th Iixnited variations by jurisd�ction t�c�nst�tute a unif�rn�secur�ty �n�trumen�co�er�ng r�a�proper�y. Unifvrm Carrertants. Barrower and Lender�ovenant and agr��as fal�flws: 1. Payment vf Princ�pal, Interest, Es�raw Items, Prepayment ��arges, and Late �ha�ges. B�rrower sha�� pay wh�n due the pr�nc�pal of, and �nt�res�on, �he d�b��videnced by�he No�e and any prepayment charges and la�e charges due under the Note. Barrower shai� a�so pay funds for Es�row �tems pursuant tQ Secti�n�. Payments due under the Nate and this Secur�ty �ns�rument sha�� be rnad�in IJ.5. currency. Hav�ev�r, �f any check ar�ther instrument rec�iv�d by Lender as payment under the Not�or this SeGurity �n�trument �s returned�o L�nder unpaid, Len�er may require that any or aIl subsequent payments due un�.er �he N�te and this Security �nstrumen�be�rnade�n Qne or mare of the foliow�ng farms, as se�ected by Lender: (a}cas�; �b}maney arder; �c}c�r�ified check, bank ch�ck, tr�a�urer's ch�ck or ca�hi�r's ch�ck, prov�ded any such ch�ck is draWn upon an institutian wh�se deposi�s are insured by a fed�ra� agency, instrumentaiity, or enti�y; or�d} E�ectronic Funds Transfer. Pa�me��s are deemed received by Lender wh�n rece�ved at�he�ocati�n des��na�ed�n th�Note or a�such other l�cation as may be designated by Lender in accordance wi�h the no�ice provisions in S�ction �5. Lender may re�urn any payment or par�ial payment if�he paym.ent or par�ial paymen�s are insuff�c�ent�a br�ng the L�an curren�. L�nder may accep�any pa�ment ar par�ial pa�ment insufficient to bring the Loan curren�, without wa�ver of any rights hereunder or prejudi�e to i�s rights��refuse such paymen�ar par�ial pa�rments �n�he future, bu�Lend�r is not�bl�ga�ed to appl�such payments a�the time such payments are a�cept�d. If each Periad�c Paym�n� �s app��ed as of�ts schedu�ed due date, �hen Lender need no�pa�r �nteres� an unapplied funds. Lend�r rnay ho�d such unappl�ed funds un�� Borrower ma.�es payments �o bring the L�an�urren�. If Barr�w�r does not da sa within a reasonable p�r�ad of time, Lender shall either appiy such funds�r re�urn th�m�� Borrower. If n�� applied�arlier, such funds wiii be applied ta th�autstanding princ�pa�ba�ance und�r�he Nate �mmediate�y pr��r to foreclosure. Na affset or�Iaim v5rhi�h Barra�er might have now or in the fu�ure against L�nder sha�� re��eve B�rr�wer fr�m making paymen�s du�under�he Nate and this Security Instrument or perfa�-nung�he cavenants and agreem�n�s secured by th�� Security Ins�rument. �. Applicativn vf Paym�nts vr Pr�ceeds. Except as oth�rwise described ir�this Secti�n 2, all payments accept�d and app�z�d by Lender sha��be app��ed�n the following order nf pr�ority: �a} �nter�st due und�r th� N�te; �b}princ�pal du�und�r�he Na�e; �c} a�nounts due under�ect�an 3. Such paym�nts sha�l be app�zed to each Periodic Paymen� in the order in which zt becam.e due. Any remazn�ng amounts ��all be applied f�rst �o �ate charges, s�cond�o any oth�r amaunts due under this Security �nstrumen�, and then to reduce the principai batance of�he Note. �f Lender r�ce��es a payment from Borrow�r for a de�in�uent Peri�di� Pa�ment wh�ch includes a suffic�en� amaunt ta pay any late charge due, �h�payment ma�be app��d�o the d��nqu�nt pay�ment and�he�ate charge. If mare�han ane Periodic Payment�s outstanding, Lend�r may apply any paymen� rece�ved frorn Borrower ta�he repa�m�nt of the Periodic Payments if, and to the extent that, each payment can be paid in fu1�. T� �he extent that any e�c�ss e�ists after�h�pa�ment i� applied ta the full paymen��f one or more Per�od�c Payments, such�xc�ss may be applied t� any Ia�e charges du�, Voluntary prepaym�nts shall�e app��ed f�rs�to any prepayment charg�s and then as described in the Note. NEBRASKA-Singl�Farr�ity-Fannie MaelFr�ddie Mac UNIFORM iNSTftUM�NT �orm 302$110� VMP 0 VMP6{N�}{13a2f Wolters K�uwsr�ir�ancial 5er�ices Pag�4 of 17