201700180 - Laserfiche WebLink

Browse

2� 17�� 18� BC�RR�WER�DV�NANTS tha� Borrawer is Iawfu��y se�sed of th�esta�e hereby con�e�ed and has the r�ght t� grant and c�nvey the Proper�y and that the Property is unencumbered, except for encumbrances of recard. Borrnwer warrants and w��l def�nd genera�ly the�itl�ta the Proper�y aga�nst a�� c�aims and demands, subjec��fl any en�umbranc�s�f re��rd. TH�S SECUR�TY�NSTRtJMENT combines uniform covenants far nat�ona�u�e and nanMunifarm co�enax��s w��h Iimi.ted�ar�ations b 'ur�sdict�on to constitute a un�form security instrument coverin real ra erty. Y� � P � Unifvrm �vr►enants. Borrower and Lend�r covenan�and agree as foliaws: '1. Payment �f P�in�ipal, Intere�t, Escrow �tems, Prepayment Charges, and Late Charges. Borrawer �ha�l pay when due t�e pr�ncipa� af, and in�erest�n, th�debt��d�nced b�the Nat�and any prepaymen� charge� and Iate charges due under the Not�. B�rraw�r sha�i also pay fur�ds for Es�row Items pursuant to S�ct�on 3. Payment�due under�he Note and thzs Se�ur�t� �nstrum�nt shall�e made�n U.S. �urren�y. However, if any check or ather instrunlent recei�e�by Lender as paynrzen�und�r the No��or�h�� SeGur�t� Instrument�s re�urned to Lender unpaid, Lender may require that any�r aIi subsequen�payments due und�r the N�te and�h�s Secur�ty Instrum�nt b�made in ane or mare of the following farms, as seiected by Lender: �a}cash; �b}maney order; �c} cer��f�ed Che�k, bank check, treasurer's check or cashier's check, provided any such Che�k is�rawr�upon an inst��ut�on whose dep�sits ar�insured by�federa.� agency, ins�rumen�ality, ar entity; ar�d� Ele�trani� Funds Transfer, Paymen�s are deemed reCei�ed by Lender when received at the�aca�ion designa�ed in the Note Qr a��uch a�her loca��on as xna�be des�gnated by L�nder�n accardance�vi�h�he nat�ce pra�isions �n Sect�on �S. L�nd�r m.ay r��urn an�r payment or par��al payment if�h�pa�ment ar partial payments are insuf�cient�o bring the Loan current. Lender m�.ay accept any payment nr par�ial payment insuf�ic�ent to bring�he Loari �urrent, w�thout wai�er of any rights her�under ar prejud�ce�o its r��h�s �o refuse�uch payment�r par�ia� paym�n�s �n the future, hu� L�nder�s n�t obligat�d to app�y such payments at th�time such payments are accepted. �f each Periadzc Paym�nt is applied as flf i�s sch�duled due date, �h�n L�nder need not pay �n�erest on unapp�i�d funds. Lend�r may h��d such u�a�pp��d funds until Borrower mak�s paymen�s t��ring th� Loan current. If Borrower does nflt do so wzth�n a reasanabl�p�ri�d�f time, L�nder shai� e�ther app�y such funds�r return them�a Barrawer. �f no�app�ied ear�ier, such funds�v��be app�zed to the�ut�tand�ng princzpa�balance under the No�� immediately pr�or�a forec�a�ur�. No off�et ar clairn�vh�ch Borrfl��er mzght ha�e naw or�n the future against Lender shall relieve B�rr��ver from ma�ing payments due under�he Ivote and th�s Secur�ty Instrumen�or perf�rming the c�wenants and agreem�nts secur�d hy this Security Instrument. Z. Applicativn vf Payments �r Prac�eds. �xcept as��h�rw�se described �n�his Sect�Qn�, aI�pa�m�nts accepted and applied�y Lender shall be app�ied in the foli�w�ng�rder of priority: �a} intere�t due under th� Note; �b} princ�pa� due under�he Not�; �c} amoun�s due und�r Sect�on 3. Such payments shall be appiied �o each Periad�c Pay�nent in the order in�vhiCh it be�ame due. Any remain�ng amaunts shall be applied first ta late Charges, �econd ta any o�her amaun�s due under�h�s Securi�y �nstrument, and�hen to reduce the pr�n��pa�balance�f�h� Nate. �f L�nder recex�es a payment fram Borrawer f�r a delinquen�Periodic Payment which inc�udes a suffici�nt amount to pay any la�e charge du�, th�pa�men�may b�app�ied�o the delinquent paymen�and the late charg�. �f m�re than�ne Periodic Payment �s ou�standzng, Lender may app�y any pa�men�recei�red from Bflrr�wer ta the repa�ment�f the P�r�odic Payments if, and tti the ex�en�tha�, each payment can be paid in full. T�the e��n�tha�any ex��ss exists after th�payment is appiied�o�he fuil paym�nt af one or more Periodic Payments, such excess may b�app��ed to any late�harges due. Vo�untary pr�payments �hal�b� applied first to any prepayment charges and then as descr�be� in th�Note. N�BRASKA-5ingie Family-Fan�ie MaelFreddie Mac UNEF4RM INSTRUMENT �arm�fl28'flal VMP[� VMPfi�N�}��302f Wolters Kluwer��nancial Ser�ices P�ge 4�f 7 7