201505411 - Laserfiche WebLink

Browse

��15�5411 B�RRDVI�ER C�VENANTS that Barra�ver�s lawfuily seised af the e�tat�he�eby conveyed and has�he right to grant an�convey the Property and that the Proper�y is unen�umb�r�d, except for encumbrances of record. Borrower vvarran�s and wi�l defend generally the tit�e�o the Praperty aga�nst a�i�laims and dernands, sub�ect tc� any encumbrances�f recard. TH�S SE�URITY INSTRUM�NT combin�s uniform covenan�s for nat�anal use and n�n-uniform ca�ena.n�s w�th 1�mited�ariati�ns by�u�isdiction��onstitute a uniform s��uri�y instrument c��ering real property. Urtiforrn Co�enan�s. Borrower and Lende�covenant and agre�as follows; 't. Payrnent of Rr�ncipal, IntQr�st, Escrvw �terns, Prepayment Charges, and Late Charges. Barrower �hall pay when du��he princ�pa�af, and in��rest an, the debt e�idenced by the Nate and any prepayment charg�s and late charges du�under�he Note. Borrower shall also pay funds far Escrow I�ems pursuan�ta Sect�nn 3. Payments due under the Note and th�s Security Instrument sha11 be made�n U.S. currency. However, �f any che�k or other�nstrument recei�ed by Lender as payrnent under�he Note�r this Security Instrumen�is returned to Lender unpaid, Lender ma�requi�e that any or all subsequent payments du�und�r th�Note and th�s Securit�Instrument be made�n one or more af the fo�lawing fQrms, as se�e�ted by Lender: �a}cash; �b}money order; �c}c�r��f�ed check, bank check, �reasurer's check�r�ashie�r's check, provided any such�heck�s d�awn upon an�nsti�ution whose depos��s are�nsured by a f�dera� a��ncy, instrumentality, ar entity; ar(d} Ele��ron�c Funds Transfer. Paym�nts are d��med rec�ived by Lender�hen r�cei�ed at th��ocation d�signated in the Note�r at�u�h a�her�ac�.t��n as rnay be designated b� L�nder�n acc�rdan�e wi�h�h�n�tic�pro�zs�ons in Secti�n �5. Lender may return any payment or partia�payment if�he pa�men�ox par��a� payments are insufficient ta hring�he Laan curren�. Lender may accept an�r pa�ment ar partia�pa�rmen.t in�uff�cien�to bring�he Loan curr�n�, w�thout waiv�r of any r�ght�hereund�r or pr�judiee�o its righ�s �o r�fuse such paym�nt or partial paymen�s in the fu�ure, bu�Lender is not obliga�ed to apply su�h payment�a�the time suGh paymen�s are ac�epted. If each Per�odic Payment�s applied as af its scheduled due dat�, then Len��r need na�pay�n��rest on unapp��ed funds. Lender ma�hold such unappx�ed funds unt�l Borrower ma.kes payrnents ta br�ng th� Laan curren�. �f Borrower does n�t do so wit�in a reasonab�e per��d of t�me, Lender shall�ith�r appl�such funds or return them to Barra�v�r. If nat applied earlier, such funds vU��be ap�tied to the aut�tanding prin�ipa�balance under the No�e imm�dia��y priar ta f�recl�sure. Na offs��ar c�aim v�hich B�rra�er migh� ha��aw or in the future against Lender sha��re�ieve Borro�er frorn rnaking payrnents due under t�e Note and�h�s Se�ur��y�nstrum.ent or performing�he coWenants ar�d agreernents se�ured by th�s Security �nstrument. Z, Appiication af Payments or Pr�ceeds. Exc�pt a�oth�rwise described in th�s Se�ti�n 2, ail payments acc�pted and app�zed by L�nd�r sha�l be app��ed �n the fol�awing order of prior�ty: �a} �n�eres�du�und�r the N�t�; �b}princ�pa�due und�r the Note; €c}amoun�s due under Sect�on 3. 5uch pa�m�nts sha��b�appiied�o each Peri�di�Paymen�in the order in which it became due. Ariy rema�n�ng amaunt� sha�l be app�ied first ta �ate charges, ��cond to any�th�r arnaunts due und�r thi�Securi�y�nstrurnent, and then to reduce�h� principa�balance of the Not�. �f Lender rece�v�s a payrnen�from Borrower for a de��nqu�nt P�riodic Payrnen�wh�ch�ncludes a sufficient amount to pay any la��charge due, the payment m�y be app��ed to the delinquent payment and the�at� charge. If more than one Perifld�c Payment is outstandin�, Lender may appl� any payment r��eived from Borrflwer to the repayment of�he Period�c Payments if, and to the extent that, each payrnen��an be pa�d in fux�. To the exten��hat any e��ess��s�s af�er the payment i�appl��d�o the fu�l payment af one or mare Pe��adic Payments, such excess ma�be applied ta any�a�e charges due. Va�untary pr�pay,ments shall be appli�cl tirst�Q any prepayment charges and then as d�scribed 'zn the N��e. NEBAASKA-SingEe Family-Fannie MaelFrs�cii�Mac UNiFQRM ENSTRUM�NT �t�rrrs 3��8 11�1 VMP Q VMf'fi{NE�t13�2� Walters Kluwer�inancia!5ervices Page 4�f"�7