201506831 - Laserfiche WebLink

Browse

��1 5��831 B�RRDWER��VENA�TS that Borrower is lawfu�ly sei�ed of the estate hereby conveyed and has the righ��o grant and can�ey th�Propert�and tha��he Property is unencumbered, except far encumbranc�s of rec�rd. Borra�ver�varran�s and will t��fend gen�ral�y the ti�ie to the Prapert�agains�aI�claim�and demands, subj�ct�o any encum�rances of record. T�IS S��UR�TY�NSTRUMENT cambines un�farrn covenants for nat�ona�use and nonMunifarm covenants vv�th l�mited var�a��ons by jurisdiction to can��itute a unzform se�uri�y instrument couering real proper�y. Uniform �orrenants. Borrow�r and Lender covenant and agree as fallaws: �. Payment of Principal, �n�erest, Es�rvw �tems. Prepaym�nt �harg�s, and Late Cha�ges. Borrower Sha1.�pay when due th�pr�nc�pa�of, and interest�n, �he d�b��videnced by th� N�te and any prepaym�nt charges and Iate charges due under�he No�e. Borrowe�r sha�l a�sa pay fund�f�r E�crow �terns pu�rsuant ta Section 3, Paym�n�s due under th�Note and this Security �nstrurnent sha��b�made in U.S. currency. However, if any�he��or oth�r ins�rument re��ived by L�nder as payment under the Note or�his S�cur�ty Instrum�n�is returned ta Lender unpaid, L�nder may requir�tha� any or a��subsequen�paym�nts due under th�Note and this Securi�y�nstrum�nt b�made in an�ar more of the foliowing farms, as se�ec�ed by Lender: �a) cash; �b}m�ney or�.er; �c}cer�zfz�d check, bank che�k, treasurer's check ar cashier's�he�k, pravided any such check is drawn upon an ins�itut�on whose depasi�s ar��nsured by a federal agency, instrumental�ty, or entity; or�d} El�ctronic Funds Transfer. Payments are d�emed re�eived b� Lender when recef ved at th�Ioca�ian designa�ed in the Nate or a�such o�her locatian as rnay be designat�d by Lender in ac�ordance with�he na�ice prov�s��n� �n Se�tian �5. Lender.may return any pa�men�ar par��al paym�n��f the payment or par�ial pa�ments are insufficient to bring the Loan current. L�nder may acc�pt any payment or par�iai payment insufficient tn b�r�ng the L�an current, wi�hout wai�er af any right�he�eunder or pre�udice�fl��s rights ta refuse such payment or par�ial paymen�s in the future, but Len�er i�nat ob�zgated ta apply such paymen�s at th�time such paym�n�s a�� acc�pted. �f�ach Periadic Pa�ment is app�ied as of its scheduled due date, then Lender need not pay interest on unapp��ed funds. Lender may h��d such unappl�ed funds until Barrower rnal�es pa�ments ta brin�the Loan�urrent. �f Borrou��r does nat da so with�n a reasonabl�period of tzrne, Lender sha11 either apply such funds or re�urn them tn Borrow�r. If nat applied earl�er, �u�h funds wiil be app�ied��he au�s�anding prin�ipal balance und�r�he N�te�mrnediately priar to forec�asure. N�offset or c�azm wh�ch Borrower might have n�w�r in the future a�ainst Lende�shall re�ieve B�rro�rer frorn rnaking paym�n�s due under th� �1ote and thxs S�curit�In��rum.ent or performing the c�venants and agreements secured b�this Security Instru�nent. 2. Applica#i�n of P�yments ar P�oceeds. Except as atherwise described in th�s S�ction�, all payments acGepted and app��ed�y Lender sha11 be applied in�he fa�I�wing�rder of pr�ori��r: ta� �nterest due und�r the Nn�e; �b}principa�due under�he Not�; �c}amounts du�under S��tion 3. Such payments sha11 be appli�d to each Peri�dic Payment zn the order in which i�became due. Any rema�ning amau�t� sha�t be applied first to late�harges, second to any athe�r am�un�s due und�r�his 5ecurity �nstrument, and then�a�r�duce the princ�ga�ba�anee�f the Note. If L�nder re�e�ves a payment from Borrawer for a de�inquen�P�riodic Payment wh�ch includ�s a sufficien� amnunt t�pay any �ate�har�e due, the paymen�rnay be appl�ed to the d�tinquent paym�nt and the late charg�. If more than one Per�odic Payment�s au�s�anding, Lend�r may apply any payment received from Barrow�r to th�repayment af the Per�odic Payments if, and to the extent tha�, each paymen�can be paid in ful�. T�the ext�n�that any ex�ess exist�a�ter the pay�nent is appl ied to�he full payment�f ane or mor� Periodic Faymen�s, such exc�ss rnay be app��ed�� any lat�charge� du�. Vo�un�ary prepayments shal�be app�ied f rs�t�any prepa�rnent charges and�hen as de�cribed in�he Nate. NEBAASKA-Single Family-Fann��Mael�reddie Mac�1NI��RM IN5TR�IM�NT Fvrrr�3D28 1�D1 VMP� VMP6�NE){13Q�f Walters iGEuwer�inancial Ser�ices Page 4❑f 17