201700316 - Laserfiche WebLink

Browse

2� 17��31 � BC�R.R�WER��VENANTS �hat B�rrower is lawfuily s��sed�f the estate hereby conve�red and has the right�a grant and con�ey the Praperty and that�he Proper�y is unencumbered, except for�ncumbrances of record. �orrower warran�s and wi�� d�f�nd generally�he t�t�e ta the Property against all claims and demands, sub�ect ta an.y encum�rances of r�cord. THIS SE�[JRITY INSTRUMENT c�mb�ne�un�fnr�m co�enants for nat��na�use an�.n�n�uniform co�enants wi�h l�mited variat�ans by jurisdiction ta const�tut�a un�form s�curity ins�rumen�Gover�ng rea�prap�r�y. Unifvrm �avenants. Borrow�r and Lender co�enan� an�i agree as follaws: 7, Payment vf Principa�, �nterest, Escrvw Items, Prepayment Gharges, and Late �harges, Borrawer shall pa�r when due�he pr�nc�pai of, and �nteres�on, the debt ev�denced by the Note and any prepaymen� charges a.nd lat�charges due under the Note. Borrow�r shal� a�so pay funds for Escrow �t�ms pursuant tQ Sect�nn 3. Paymen�s du�under the Note and this S�curi�� Ins�rum.ent sha��be made�n U.S. currenc�. Ho�vever, if an�r�h�ck or a�her�nstrument recei�ed by Lender as paymen�under th�Not�or th�s S��ur�t�r Ins�rument is re�urned t� Lender unpaid, Lender may r�qu�re�hat ar�y ar al� subsequent payments du�under the Note and this Security Instrument b�mad�in ane�r more of�he fo�lawing f�rms, as seiected by L�nd�r: �a}cash; �b}maney order; �c}cer�ified check, bank check, treasurer's check or cash�er's check, praw�ded any su�h check is drawn upon an institution�vhos�depasits are insur�d by a f�deral agency, �nstrumen�ality, or en�x�y; or�d} E�ec�ronic Funds Transfer. Payments are deemed received by Lender vvhen r�ce�ved a�the�acat�on d�signa�ed in�he Nnt�or at such a�her location as may be designated by Lender in accordance w�th�he notzce provxsion� �n S��t�an �S. Lend�r may r�turn any paym�nt or par�ia�payment iF the pay�nen�ar par�ia�pa�m,�n��ar�zn�uff�cien��o br�ng the Loan curren�. Lender may accept any payment or partia�payment insufficient ta bring the Laan curren�, w��hou�wa��er af any rights hereunder�r prejudic�to its rights to refuse such payment ar partial payments in�he future, but Lender is no�o�l�ga�ed�o apply such payments at the time such payments are accept�d. If each Periadic Paym�n� �s app��ed as of its sch�du�ec�due date, then Len.der need not pay�n�erest �n unapp��ed fun�s. Len�.�r may hald such unapp�ied �unds until Borrower makes pa�m�n�s ta�r�nb the Loan current. �f B�rrawer does nflt da sa within a reas�nab�e p�riod of time, Lender sha�� either app��such funds or return them�a Borrower. �f n�t applied ear�ier, such funds w�l� be applied to �he ou�standing principa�balance under the Note�mmed�a�e�y pr�or�o fareC�osur�. N��ffse�ar claim�hich BQrr�v�er might ha�e now ar in the future against Lend�r shal� relieve B�rrflw�r fr�m making paym�n�s due und�r th� tNot� and�his Securi�y �nstrument ar performing the cavenants and agree�ments secured by th�s S�curity �nstrument. 2. Applicati�n �f Payments or Prviceeds. �xcept as a�her�vis�descr�b�� in�his S�c��an 2, al�paym�nts accept�d and applied by Lender shal��e appl�ed in the fo��w�ng arder of pri�ri��: �a} in��rest due under�h� No�e; �b}principa� due under the No�e; �c} amount� due under Section 3. Su�h payments sha�l be app�ied to each Periodic Payment in the ord�r in which it became due. Any rema�nzng amoun�s�hall be app�ied#ir�t ta �ate charges, se�and�a any other am�un�s due und�r this S�curi�y Ins�rument, and�hen�o reduce the principal ba�ance��he Note. �f Lend�r receives a paymen� from Borrawer far a delin�uent Periodic Paymen�wh��h �nc�ude� a suffic�en� amount to pay a.ny�ate charge due, the payment may be applied�o�he delinquent paymen� and the late charge. �f more�han one Per�adic Payment is outs�ar�ding, L�nder may app�y any payment received from B�rrow�r�o th�r�payn�ent of the Per�odic Pa�men�s ��, ar�d�o th��x�en��hat, each paymen�can be paid in full. T� �he ext�nt tha�any exc�ss exists af�er the paym�nt is app�ied to�he full payment of one or more Per�od��Paym�nt�, such exc�ss may b�app�ied to any lat�charges due. Vo�untary prepaymen�s sha�l be applied�rs�� any prepayment�harges and th�n as described in the Not�. NEBRASKA-Single Fami�y-Fannie MaelFreddie Mac UNEFQRM iNSTRUMENT Form 3fl28 1I�'� VMP 0 VMPfi�N��f 13D2� Wvlters K{uwer Financiai Ser�i��s Pag�4 qf 17