201505111 - Laserfiche WebLink

Browse

��15�5111 B�]RRDWER CQVENANT��hat Barro�er xs�awfu��y se�sed af�he estate here�.y con�e�r�d and has�he rz�ht to grant and convey the Praper�y and that the Prap�r�y�s un�ncumbered, except f�r encumbrances �f re��rt�. Borrower�arran�s and wx��defend general�y th�t�t�e�o t�ae Praper�y against all claimxs and dernands, sub�ect�� at�y encumbrances nf record. T��S�E�L7R�TY�NSTRUMENT comb�nes unif�rm c��enants far x�a�iax�al use and non-unifarm co�enants wz�h limited variations by jurisdiGtion�o�:onsti�u�e a unif�rm securi�y�n�trument c��ering real property. Unifa�m C�►rer�ants. Barrflwer and Lender ca�enan�a.nd agree as fa�lows: �. Payment of Prin�ipatr Int��'e5�� ESCI�OW �t��Sr Prepayment �harges, and Late Charges, Borro�v�r sha��pay when due the principa�af, and in�er�st an, th�deb�ev�denced b�r�he Nat�and an�r prepayment charg�s and�ate charges due und�r the Ivote. Borra,wer sha�� also pay funds for Escrotiv ltems pu�rsuant to 5e�t�on 3. Payment�du�und�r the Note and�his SeGurity�nstrum�nt shall be mad�in U.S. �urrency. How�ver, if an�r che�k or other ins�rume�t r��e�ved by Lender as payment under�he Nat�or thzs Se�ur��y �nstrum�n��s re�urned�o L�nder unpa�d, L�nd�r ma�r r�qu�re that any�r a��subsequent payxnents due under the N��e ana thxs Secur�ty�ns�rument be rnade in one�r more of the fo��owing forms, as seiect�d b�t Lender: �a�cash; �b}mon�y�rd�r; ��}certi��d ch�ck, �ank cheek, tr�asurer's ch�ck nr cashier'�check, provided an� such che�k is drawn up�n an institutian whose depasits are insure�l by a federa�ag�nc�r, ins�rumentali�y, or en�ity; ar(d}Elec�r�n�c Fund�Transfer. Paymen�s are d��med received b�Lender v�h�n rece�ved at the�ocat�an designated in the Nate flr at su�h other�ocat�on as ma�be designated��L�nd�r�n ac�ordance vvi�h the n�tice prowisions �n Sec�zo�x �5. Lender rna�returrz any pa�m.ent�r par��a1 payment if�he payment or partial paymen�s are insufficient to bring the Laan current. Lender n1a�accept any payment or part�a�paym�nt insuff�c�ent�o bring the Laan current, v�ithout vsrai�er af any right�h�reunder or prejudic�to its righ�s to refuse such paym�n�flr par�ia� pa�ments in the future, but Lender�s n�t a�l�gated ta appiy such paymen�s at the�ime such pa�ments are accepted. �f�ach Periadic Paymen�is applie�i as of�ts schedu��d due dat�, then Lend�r n�ed na�pa� in�eres� �n unapp��ed funds, L�nder may ho�d su�h unappl�eci funds u�atil Borr�w�r rna.kes payrnen�s to bring �he L�an current. Zf Borra�er does no�d❑ �a�ith�n a rea��a��p�riad of tim�, L�nder�ha�l eith�r apply such funds or return them to B�rrower. �f not applied�ar�ier, such funds w�l�be app�ied t�th�outstand�ng pr�nc�pa�balance und�r th�Note imm�diatel�pr�or t� f�re��sure. No offset ar cla�rn which Borrower m�gh� ha�e now or�n the future agazns�Lender sha�� r�Iie�ve Barrower from mal�ing paymen�s due under the Not� and this Secur�t��ns�rumen�or perf�rn�ng rhe covenants and agreernents se�ured by�h�s S��ur�ty Instrument. �. Applicatian vf Payments or Proceeds. Except as oth�rw�se d�s�r�b�d zn this Sec�ion�, a��paym�nts accepted an� applied by Lend�r sha��be a�pl�e� �n the f��awzng�r�.er af priori�y: �a}interest du�unde�the �ate; �b}pr�nc�pal due under the Nate; �c}amounts due under Section 3. Such payments sha�l be appli�d to each P�ria�ic Paymen�in the order in vvhich i�became due. An�remaining amaun�5 sha�l be applied �r�t ta late�harges, second to any other amounts due under this Security Instrument, and then��reduce th� principal ba�ance af�he Note. �f Lend�r recexves a payment from Borrower for a delznqu�nt P�riad�c Payrnent wh��h inc�udes a sufficient arnount�o pay any late c�arg�due, the paymen�ma�b�app��d�to th�del�rzquen�payment a�a.d�h��a�e charg�. �f more than ane Per�od�c Payment�s outstand�ng, Lender may app�y an�paym�n�rece�ved f�r�m gorrovver tfl the repa�rment of the P�r�odic Payments�f, and�o�h�ext�nt that, each pa�rm�nt�an b�paid in fu�l. To the extent tha�any exce�s ex�s�s aft�r the paym�nt�s appl�ed ta the full paymen�of one ar more Per�adic Payrnents, such exc�ss ma�t be app��ed to an�r�at�charges due. V��untary pr�paym�nts sha��be applzed first to any prepayment c�aarges and then as de�cr�bed�n�he No�e. NEBRASIfA-Single�2�mily-Fannie Mael�reddi�MaG tJiVlFQRM tN5TRUM�NT Farm 3�z8 11�1 VMP p� VMPfi4N�1 41 302} Wa(ters Kl�wer Financial Ser�ices Page 4 of 17