201600001 - Laserfiche WebLink

Browse

2� 1 �� 1 BC)RRaVV�R��VENANTS �ha�Borr��r is �awfuily se�s��i af th�estate hereby con�ey�d and has the right t� gran�and con�ey the Propert�and�hat the Proper�� is un�n�umb�red, excep� for encumbrar�c�s of rec�rd. Borrower warrants and will�efend generall� the title�o the Pr�perty aga�ns�a�� a�ms and demands, subject to any en�umbrances n f recard. THIS SE�URITY�NSTRUMENT combines uniform covenants for nationa�use and nan-uniform c�venants with �imited�ariations by jurisdicti�n to constitute a unifarm secur�ty instrument co��ring rea�praper�y, Unifvrm CvWenants. Borrower and Lender��enan�and agree as fol�ows: �. Payment vf Pr�ncipa�, lnterest. Escraw Items, Prepayment Gharges, and Lat� Gharges. Borrawer shall pay when due the pr�ncxpal nf, and znterest on, the deb�e�idenc�d by the Nate and an�prepayment charges and late charges due under�he No�e. Barraw�r sha�� alsa pay funds far Escraw Items pursuant to Section 3. Paym�nts du�under th�Note and th�s Security �ns�rumen�shall �e mad� in U.S. currency. However, if any�h�ck flr a�her instrument recei�red by Lender as payment under th�N�t�or this Securit� �nstrum�nt is returne�ta Lend�r unpaid, Lender may require that any or a�� subsequen�payments due un�ier �he Nnte and thz� SeCur��r �ns�rument be made in on�or more�f the fo�l�wing forms, as s�lect�d by Lender: �a} cash; �b}maney ard�r; �c} �ertifzed ch��k, bank check, �reasurer'�check or cash�er's check, pr�vided any such�heck is dra�n upon an �nst�tuti�n v�vhas�depas�ts ar�insured by a f�dera� agenc�, instrumentai��y, �r en��y; ar�d} E��ctronic Funds Transfer. Payments are deem�d recei�ed by Lender when rece��ed a��he�ocat��n designated �n the Note ar at such ather location as rnay be d�signat�d by L�nder in accordance w��h the not�ce provisians in S�cti�n 15. Lender may returr�an�payment or partial payment if�he pa�ment�r par��a� payments are insufficient �a �ring th�L�an curr�nt. Lender may accep�any paymen��r par�ial paymen�insuf�c�ertt�o bring�h�Loan current, withau�waiver of any rights her�under or prej udic��o its rights�o r�fuse such payment or partia� payments �n�he futur�, but Lender�s nat nb��gated t� apply such paym�nts at the t�me such paym�nts are accepted. �f each Period�c Paym�nt�s applz��i as af i�s sch�duied du�date, th�n Lend�r need no�pay �n�eres� an unapplied funds. Lender may h��d such unapp��ed funds un�i� Bflrro�ver makes paymen�s to br�n��he Laan current. �f Borrower does n�t d� s�w�th�n a r�asanab��per�od nf t�me, Lender shall either app�y such funds or return them ta Barrawer. �f nat app��ed earlier, �uch funds w��be app��ed t�the auts�and�ng princ�pa�balanc�under th�Not�irnmediatei�prior ta forecl�sure. N'o off�et or claim which Borrower rnight have now or in�h�future against Lender shail rel�eve Barro�ver fram making payments due under�he Nflte and this 5ecurity Ins�rument or performing the covenants and agreemen�s secured by th�s Secur��y �nstrument. 2. Applicat�vn of Paym�nts vr Proceeds. Ex�ep�as otherwise de�cri��d in�his Sect�an Z, a�l payments ac�epted and app�zed by Lender sha��e app��ed�n the fo��nwing order of priority: �a} interest due under�he Note; �b}prin��pa� due under the Note; �c} am�unts due und�r Sect�on 3. Such paymen�s shall b�appl ied to each Periodic Payment in the order in which it became due. Any rema�n�ng am�unts shal�be applied f�rs� to �ate charges, secand�o any o�her amounts due under th�s Security �ns�rum�nt, and then to r�duC�th� principa�balance of the No�e. �f Lender rec�i�es a paymen� fr�m Borr�w�r far a del�nquent P�ri�dic Paymen�wh��h �ncludes a suff�cien� a�mflunt to pay any la��charge due, �he paymen�ma�be app��d ta�he delinquen�pa�ment and the�a�e charge. If rnore than one Periodic Pay�nent�s autstand�n�, Lend�r may appl� any payment receiWed from Borrower�a the repayment af the Perifld�c Paym.ents if, and tfl�he�x�ent that, eaCh paymen�can be paid �n full. To the extent that any�xcess exists aft�r�he paymen�is app�ied�o the fu��paymen�of�ne or m�re Periadic Paym�nts, such�xcess may be app�ied ta any late charge�due. Voluntary pr�payn�en�s shal�be app��d�rst to any prepayment charg�s an�then as described in the N��e. NEBRASKA-5ingle Family-Fan�ie Mael�reddie Mac UNEFaRM INSTRUMENT Farrn 3028 7141 VMP d VMPS�N�y 4�302� Wvlters Kluwer�inar�cial Ser�ices Page 4❑f'i 7