201600179 - Laserfiche WebLink

Browse

2� 1 �� 179 B�RR��VER C�VENANTS that Borro�ver is�a�ful�y s�ised�f the esta�e hereby con�eyed and has �he right to grant and con�ey the Property and that the Propert��s unencu�nbered, except for encumbrances of record. Borrower warran�s and w��l��f�nd generaii� the�itle t❑the Praperty against a�l c�aims and demands, subjec�ta any encumbranc�s nf record. THIS SECUR�TY �NSTRUMENT combines uniform covenants for nationa�use and nnn-uniform c��nants with lim�ted variat�ons by jurisdictian to c�n�titute a uniform security instrument caver�ng rea� prap�rty. Unifvrm Cor►�nants. Bnrrower and Lend�r covenan�and agr�e as fa�lows: �. Payment of Principal, Interest, Esc�ow �tem�, Prepayment �harges, and Late Cha�ges. Borrnwer shail pay when due the pr�nc�pa� of, and�nterest on, �he d�bt ev�d�nced by�he Note and any prepayment charge� and late charg��du�under the No�e. Borrower shall also pa� funds for Escr�w It�rns pursuant�� S��t�an 3. Payments due under the Not�and this Securi�y �nstrum�n�shal�be made in U.S. currency. �owe�ver, �f any check ar o�her�n�trument re�eived by L�nder as paym�n�under the Note or this Security �nstrument is r��urned tn L�nder unpaid, L�nd�r rnay requir�that any or a�l subsequent payments due under the Na�e and�his Se�ur�ty �ns�rument be made in one or m�r�of the fol��wing farms, as selec�ed by Lender: �a}cash; ��}money order; �c} cer�if�ed ch�ck, bank�heck, �rea�urer`s�h�ck ar cashier's check, provided any su�h check is drawn upon an insti�ut��n vvhose depas��s are�nsured by a f�d�ral agency, instrum�nta��ty, or entity; or�d} Electranic Funds Transfer. Payments are deemed r�ceiv�d by L�nder vvhen r�cei�ed a�the�oca�ion des�gnated in the Note or at such �ther�oca��on as may be designa�ed b� Lend�r in acc�rdance with�he notice pr��isians in S��tion 15. Lend�r nlay return any paym�n��r par�ial paym�n�if�he paymen�or partial pa�rments are insuf�icient ta bring th�L�an curr�n�. L�nd�r may accep�any payment ar par�iai paym�nt insuff�c�en�to bring the Laan curr�nt, �v�thout waiv�r of any r�ghts hereunder or pr�judice t� ��s r�gh�s to r�fus�such paymen�or par�ial payments in the fu�ure, but Lender��not ab��gated tn appiy such payments at the tim�such pa�ments are accep�ed. �f�ach Periodic Paymen� is appi�ed as�f��s s�hedu�ed du�da�e, th�n L�nder need nfl�pa�r�nterest an unapplied funds. Lender may hold such unapplied funds untii Borrower x�a��s payrn�n�s t� bring the Loan current. If Borrower do�s not do so with�n a reas�nab�e period of t��me, L�nder shall �i�h�r apply such funds ar re�urn them to Barrower. If not applied earlier, such fund��vil� be appl�ed ta the outstanding pr�nc�pa� balance under t�e Note immediately prio�to foreclosure. No affset or c�aim which B�rr�wer might ha�e no�v or�n the fu�u�re against Lender shall reli�ve Borrower from making payments due under�h�Note and th�s Security �nstrumen�or perfarm�ng�he covenants and agreements se�ured by this�ecur�ty Instrument. �. Applicatian of Payments vr Proceeds. Excep� a�o�herw�se descr��ed �n�hzs Section 2, all paym�n�s accepted and appl�ed b�L�nder shal�b�app�ied in the f��lawing Qrder�f pr�ori�y: �a} �nt�rest du�under the No�e; ��}principal due under�he Note; �c) amoun�s due under�ect�on 3. Such payments shal� b�applied ta each Periodic Paymen��n the�rd�r in which it became due. Any remaining amoun�s shal�be applied�irs�t� late charges, second to ar�y other amounts due under this S�cur�ty Instrument, and�hen to reduce�he principa� baiance of the Nfl�e. If Lender rece�ves a paymen�from Barro��er for a de��nquen�Per�od�c Payment which in�iud�s a suff�cien� am�unt to pay any late charge due, the payment may be appli�d�o the de�inquent payment and�he late char�e. �f more�har�one Periadic Paym�n� is outstanding, Lender may apply any payment reC�i�ed from Borrower to the repayment of�he Peri�dic Paym�nts if, and ta the ex�ent that, each payment can be paid �n full. To the extent�hat any e�cess exists after the payment is applied to the full paymen�of ane�r mor� P�r�odic Payments, such excess may be app�ied t� any �at�charges due. Voluntary prepayments sha��be applied first to any prepayment charges and then as described�n the N�te, N�BRASKA-Single�amily-Fannie MaelFrecfdi�Ma�UNIFQRM INSTRUMENT Form 3D28 71�� VMP� VMP6(N��(�3fl2� WoEters Kluwer Finar�cial 5er�ices Page 4 of�7