201507704 - Laserfiche WebLink

Browse

2� 15�77�4 B�RR�WE� C�VENANTS �hat B�rrow�r�s �awfu�� seised af the estate her�b�ca�.We�ed and has th�rzght to grant and��nv�y�he Prape�t� and that the Prflper�y �s un�ncumbered, exc�p�for encumbran�es af recard. Borr�v�er v�arrants and wi�l d�fend genera��y th��itle t� th� Prop�rty aga�ns�a�� cla�ms and demands, subje�t ta a�a.y encumbranc�s of rec�rd. THIS SECURITY�N�TRUMENT�omb�nes uniform co�enar�.ts fnr nationa.�use and non-unif�rm cavenants w�th ��mited�ariations by jur�sdicti�n tfl cons��tu�e a uniform security instrument co�er�ng r�a�pr�per�y. Unif�rm Correnants. Borrower a�ad Lend�r c�v�nant and agree as fo��vs: '1. Payment af Pr�ncipa[, tnterest, Escrow �tems� Prepaym�nt �harges, an� Late Charges. Borrov�er sha11 pay when due the principa� af, and �nterest an, the deb�ev�denced by the Nfl�e and any prepa�rment charg�s and�ate charges due und�r�h�N�t�. Borrower sha�l also pay funds f�r Escrow �terns pursuan�to Sectzon 3. Payments due under the N��e and thzs �eCurity �nstrument s�iall�e mad�in tJ.S. currency. �3�v�r�ver, if an��heck or��her instrument rece��ed by Lender as paymen�under the Nate ar th�s Security �ns�rument �s re�urned�o Lender unpaid, Lender may require�ha�an�or al� su�sequent payments due under the Note and this Secur�ty �nstrument be made in one or m�re af the foll�wing forms, as selected b� L�nd�r: �a} cash; �b} money order; �c} ��r�ified�he�k, bank check, treasurer t s check or ca�hier's check, provided any such chec�xs drawn upan an�nst��ut�an whos�d�pas�ts ar�insured by a federal agenc�, instrumenta�ity, �r en�ity; ar�d} Electronic Funds Transf�r. Paymen�s are d��med r�cei�ed by Lender when received a�the��cation de��gnated �n th�N��or at such o�her location as ma�be d�szgna�ed by Lender�n acc�rdance w�th the nat�ce pravxs�ons in Section 15. Lender may return ar�.y paym�nt or partia�payment if�he pa�ment ar par��al paymen�s are insufficient to br�ng�he Loan current. Lender may accep�any payment or partial payment insuf�cient ta bring the Laan curren�, wi�hout waiver of ar��r�ghts h�r�und�r or pre�udice to i�s rights ta refuse such pa�ment or partial payments �n�he future, but Lender is not ob�iga�ed to app��such payments a�the��me su�h payments are ac�epte�. �f each Per�odic Paym�nt�s app�ied as flf its sc�.�du�ed due da�e, then L�nder need no�pay xn�er�s� �n unapp��d funds. L�nder ma�ho�d such unappl�ed fur�ds unt�� Borrower makes paymen�s tfl br�ng�he L��ra.curre�t. I�Borrower do�s n�t do sa�vith�n a r�asonable period of t�me, L�nder s�aa��i�her app�y such fu.nds nr r�turn them to Borrower. If not app�ied ear��r, such funds wi�l b�applied to the�utstanding principal ba�ance ur�de�r the Nate immediate�y prior t� fflrec�asure. Na �ffset�r ciaim�vhich Bflrr�wer mxgh� hav�naw �r�n the future aga�nst Lender shali relieve Borrower fr�xn makxng payments due und�r�he N�ot� and this Securi�y �nstrumerzt�r performing the covenants and agreements se�ured by th�s Security Instrument. �. Appli�at��n nf Payrr�ents ar Proceeds. Excep� as�therwise describ��in th�� Se�tion�, aI�payments accept�d and app�ied b� Lender sha�l be appli�d in the f��ow�ng�rder�f priority; �a} �n�er�st du�und�r the Note; �b}pr�nc�pa�due under�he Note; �c} amounts due und�r Sec�ion 3, Su�h payments shall be app�ied ta each Periodic Pa�r�m�nt in th�flrder�n which �t became due. Any renza�nx�.g amnunts sha��be app��ed�rst t� Iate charges, second tfl any oth�r am�un�s due under�h�s Securi�y �nstrumen�, and then�o r�duce�he principal ba�anc�of the N�te. If Lender rece��es a paymen�fr�m Borravver for a d�iinquent P�riodic Pa�ment whzch includes a suffi�ient amoun�to pay an�r la�e charge due, �he payrnent may be applied to the de�inquent payment and�he late �harge. �f more�han one Periodic Payment is outstand�ng, Lender may apply an�pa�men�received from Borrawer t� �he repaymen�of the Periodic Paymen�s �f, and t� the e�tent tha�, each payrnen�can be paid in ful�. T� th�ex��nt t�a�any excess exis�s aft�r the pa�rment is appli�d�a�h�full paym�r��of on��r mor� Period�c Paymen�s3 such ex�ess may be appl�ed to any�ate�harges du�. Vo�untary prepayments shall b� app�i�d f�rst t� any prepayment charges and then as�.escribed in�he 1V��e. NEBRASKA-Single�am�fy-�annie Mael�reddie Mac UNIF�RM INSTRUMENT Fvrm 30�8'!101 VMP� VMPfi�N�y�13Q2] Wolters Kiuwer�inanciat S�r�ic�s Pac�e 4 vf 17