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2� 1 �� 1542 <br /> B�RR�V�ER.C�VENANTS tha�Borrow�r�s �awfully seised af the esta�e her��y canveyed and has the right to <br /> gran�and canv�y the Property and that the Proper�y �s unencumbered, excep�f�r encumbran�es of rec�rd. <br /> Barrower,warrants ax�d will defend genera�ly �he����e to the Proper�y agains� al� claims and dernands, sub�ect to <br /> any encumbrances af r�cor�. <br /> THIS S��IIRITY�NSTRUMENT combines unif�rm�ov�nan�s f�r national use and non-un�form covenants wzth <br /> limited�var�ati�ns by jur�sd�c�ion to canstitu�e a unifarm secur�ty znstrument co�ering real proper�y. <br /> L�n�form Cavenants. Barra�rer and Lender cn�enan� and agree as f���a�vs: <br /> �. Paym�nt af Principal, �nterest, Escrow �tems, Prepayment �harges, and Late Charg�s, Borrovver <br /> sha11 pay wh�n�ue�he principa� of, and�n�eres��n, �he debt eviden�ed by the No�e and any prepaymen� <br /> charges and late charges du�und�r the Not�. Borrawer sha�l a�so pay funds far Escrow Items pursuan�to <br /> 5ec�ion 3. Payments due und�r the Note and�hzs Security �nstrument shall be mad�in U.S. currency. <br /> H�we�rer, if an�check or��her�ns�rum�nt rece��ed by Lender as paymen�under�he Note or�h�s Security <br /> �nstrument is re�urned tQ Lender unpa�d, L�nder may r�quire that any or a�� subsequen�payments due under <br /> �he Note and�his Securi��r Ins�rumen�be made��one or rnore of the fol�owing �orms, as se�ected by Lend�r: <br /> �a}cash; �b}m�ney order; �c} �er�ified che�k, bank ch�ck, treasurer's check or�ashier's che�k, pr�vid�d ar�y <br /> su�h ch�ck is dra�n upon an�nst�tutian whose depo��ts ar��nsur�d by a federai agency, instrumen�a��ty, �r <br /> ent�ty; nr td} Elec�raxz�c Funds Transfer. <br /> Payments are deemed rece�ved�y Lender wh�n rec�i��d at the�flcatz�n des�gna�ed�n the Note or a�sueh <br /> o�her��catzon as may be designated by Lender in accordance vvi�h the n�t�ce prov�s�ons zn Section �5. <br /> Lender may re�urn any pa�men�or par��a�paymer�� if the paym�nt or partial payments are insuffzci�n�tfl <br /> bring th�Loan current. Lender may accept any payment or par��al payment�nsufficient t�br�ng �he L�an <br /> current, vvi�hout wa�ver of any rights her�under or prejudice t��ts r�gh�s t�refus�su�h payment�r partia� <br /> payments in�he future, but Lender is not�bligated to apply such payments at the��m�such payments ar� <br /> accepted. If each P�riad�c Payment zs appl�ed as af its scheduled due date, �hen Lender need not pay in�erest <br /> on unappl�ed fux�d�. L�nd�r may h�ld such unapp��ed funds un�il Borr�w�r makes payments to bring�he <br /> Loan current. �f B�rrower daes��t da sa within a reas�nab�e periad af time, Lender sha�� either app�y such <br /> fun�s or return them to Borrov�er. �f n�t appl�e�ear�ier, such funds wz��be app�zed�o the outstand�ng <br /> pr��cipal ba�ance under the Na�e immed�ate��r pr��r��foreclosur�. Na offs�t or claim which Borr�wer migh� <br /> ha�e now�r�n�he fu�ure agains�Lender shal� re��e�re Barrower from mak�ng payments du�under�h�N��e <br /> and this�ecuri�y�nstrument or performing the cavenants and agr�ements s�cur�d by�h�s Securxty <br /> �nstrument. <br /> �. App�icatian of Payments vr Proceeds. �x�ept a��th�rwise described in this Sec�ian 2, a��paym�nts <br /> a�cepted and app��ed�� Lender shall be applied in the fo���v�xng�rder�f priority; �a} in�erest due under the <br /> Note; ��}�rincipal due under the Note; tc} amounts due under Section 3. Such paym�nts sha�� be app�ied to <br /> each Per��d�c Payment�n the order�n which it became due. Any remaining a�mounts sha.�l�e applied first ta <br /> la�e charges, s�Gand to any other amaun�s due und�r�his Security Instrument, and then ta reduce the <br /> princxpal balance of�he Note. <br /> �f Lend�r rec�i��s a pa�men�from Borrower for a d�l�nquen�Per�odze Paym.ent whzch inc�udes a suff�cient <br /> amount�a pay any �ate charge due, the paymen�may be appl�ed�� �he de�inquent paymen�and the�a�e <br /> charge. �f more than one Per�odzc Payment is�uts�anding, Lender may apply any payment received fram <br /> Borrower�o�he repayment of�he Per�odic Payments if, and�o the extent that, �a�h payment can be paid in <br /> full. To the exten��hat an�ex�ess ex�sts after�he paym�nt is app�ied ta�he fu��paymen�flf ane ar more <br /> Perind�c Paymen�s, such�xce�� may��appl�ed to any�ate charges due. V�lun�ary prepaymen�s shall�e <br /> appl�ed firs��o an�r prepayment charges and�hen as describ�d in th� N�te. <br /> N�BRASKA-5ing#e Family-Fannie Mael�reddie Mac 11NIF�RM INSTRUM�NT Farm 3�28 11D� <br /> VMP� VMPfitN�y�13�2y <br /> Wolt�rs Kluwer Fir�ancial 5er�ices Page 4 af 17 <br />