201501500 - Laserfiche WebLink

Browse

��15�15�� BC�RR�WER��V�NANTS that Bflrro�er is lav�fully s�ised of�he es�at�h�r�by can�eyed and has the righ�to gran�and�on�ey the Prnper�y and that the Praperty is unencumbered, except for�ncumbrances of rec�rd. Borrower warrants and will def�nd g�neraliy th�ti��e to the Property against all claims and de�nan.ds, subj�ct to any encumbrances�f re�nrd. TH�S SECUR�TY�NSTRUMENT combines uniform covenan�s far national use and non-uniform covenants with 1�mited�ariations�y�urisdic�ion to cans�itu�e a uniform security instrument covering real proper�y. Unif�rm Cavenants. BQrrow�r and Lender c�venant and agre�as fol�nws; 'i. Payment of Principa�, fnterestr Es�rov►► Items, Prepayment Charges, and Late �harges, Borra�ver shall pay when due the principa� af, and �n��res��n, �he deb�e�vzdenced b�r�he Note and any prepa�men� charges and Ia�e charges due under the Na�e. Borrower sha�l also pay funds for Escr�w �tems pursuant�o SeCtinn 3. Paymen�s due under�he N�te and�his Securi�y Instrument shal�b�made in U.S. currency. Hflwe�er, �f an�check or o�her�nstrument rec�i�ed by Lend�r as paymen�under th� Nat�or this SeGuri�y �nstrument is returned to Lender unpa�d, Lend�r may require�ha�any or a�l subsequen�paymen�s due under the Note and this Security Instrument b�made �n one or mare of the fa��a�vzng forms, as se�ected by L�nder: �a}�ash; �b}money arder; �c}cer�if�ed �heck, ban.k che�k, treasurer's check or cashier's ch�ck, prnv�ded any such check is drawn upon an institutian whose depasit� are insured�y a federal agency, instrumen�a��t�, �r entity; or�d} E1ec�ronic Funds Transfer. Pay�men�� are deemed rece��d by Lender�h�n received at the��ati�n d�signated in the N�te�r at�uch o�her Iacation as may be d�s�gnated by Lender�n a��ordan�e v�ith the nn��c�provis�ons in Se��an 15. Lender may r��urn any payrn.ent or part�a�payment�f the payment�r par��a�.payment� are insuffzGzent �o �ring�he L�an current. Lender may accept any payment ar par��al paymen�insuff�czent t�bring the Loan current, v��thout wai�er af an�rights h�reunder�r pre�judice to its rights�o refu�e such payment or par�ial paym�nts �n the future, bu�Lender is not ob�igated to app�y such paymen�s at the t�me such payments are accepted. �f each Periadic Payment is app�ied as of i�s scheduled due da�e, then Lender need no�pa� inter�s� on unapp��ed funds. Lender may hold such unappli�d funds unti� Borrawer makes payments �a bring the Loan curr�nt. �f Borrower does not da so within a reasonable period of time, L�nder sha�l�ither apply such funds or return thenl to Borrower. �f na�appi�ed earlier, such funds wit�be applied�o the outstanding pri�cipal balanc�under th�N�te�mmed�a�e�y pr�or to fareclflsure. No offset or c�aim which Barro�ver might ha��naw ar in the fu�ur�agair�st L�nder sha�� re��e�e Borrovc�er from mak�ng paym�n�s due under the Note and�his Secur�ty Instrum�nt or performing th�cavenan�s and agreemen�s s�cur�d by�his Security �nstrumen�. 2. App�ication of Payments or Praceeds. Exeept as a�herwi�e described in this Sect�on 2, ail paym�nts accepted and appl�ed b�r Lender sha��be applied in the f�llowing arder of priority: �a} interest due under�he Note; �b} princ�pal due under�he Note; �c} amounts due un�ier Secti�n 3. Su�h payments shali b�appl�ed�o each Perio�ic Pa�ment in the order�n wh�ch��hecame due. Any rema�n�ng amounts shall be app��ed f�rst�o lat�cha�g�s, �econd to any a�her amounts du�under th�s Secur��y �ns�rumen�, and then t� reduce th� principa� balance of the Nate. �f Lender receives a pa�ment from B�rrou�er far a delinquen� Per�adic Paymen��hich includes a�uff�cient arnoun�tfl pay any �a�e charge due, the pa�ment may be appli�d to the delinquen�paymen�and the late charg�. if more�han one Per�odic Payment is outs�an�ing, Lender may apply any payment received from Borrawer to the repa�ment of the Per��d��Payments if, and t�the ex�en�tha�, each payment can be paid in fu�I. To the�xtent that any excess exzsts after the paymen� xs app��ed�a�he fu��paymen�of one or more Per��dic Paym�nts, such exces�may be app�ied to any �ate�harges due. Valunrary prepayments shall be ap��ed first t� an�r prepaymerzt charges and�hen as des�ribed�n the Not�. NEBRASKA-SingEe F�mily-Fanni�M��I�reddie Mac UNl�aRM INSTR�M�NT Fvrm 3028 1i�7 VMP Q VMP6�N�)t13D2� Wvlt�rs Kluwer�inancia!Ser�€c�s Page 4 of�7