201700684 - Laserfiche WebLink

Browse

f 2� 17��84 , . TH�S SE�URITY INSTRUMENT combines uniform co�enants for na�ional use and nvn-unifarm co�enants vrrith limited�ariations by jur�sdiction to consfitute a uniform security instrument co�ering real property. U N1 F�RM CQVE NANTS. B�rrvw�r and Lender covenant and agree as fnllows: 1. Payment af Prin�ipal,Inferest,Escrow Items,Prepayment Charges,and Late Charges. Borrawer shall pay when due the principal of, and interest an, the debt e�idenced by the Note and any prepayment charges and late charges due under the Note. Borrawer shall also pay fun�is for Escrflw Items pursuant to 5ection 3. Payments due under the Note and this Se�urity Instrument shall be made in U.S. currency. Howe�er, if any check or other instrument rec�i�ed by Lender as payment under the Note or this Security Insfrument is returned to Lender unpaid, Lender may require that any ar a�l subsequent payments due under the Note and�his Security Instrument be made in one or more of the following forms,as selected by Lender: �a}cash;�b�money order;�c}certified check,bank check, treasurer's che�k or cashier's check, pro�ided any such check is drawn up�n an institution whose deposits are insured by a federal agency, instrumentality, ❑r en�ity; or�d�Electrflnic Funds Transfer. Payments are deemed recei�ed by Lender�hen recei��d at the location designated in the Note or at such other location as may be designated by Lender in acc�rdance with�he notice pro�isions in Section 14. Lender may return any payment or partial payment if the paymen�or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, with�u� wai�er of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender �s not ❑bligated ta apply such payments at the time su�h payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lend�r need not pay interest on unapplied funds. Lender may hold such unapp�ied funds until Borrower makes payment to bring the Loan current. If Borrower does not da so within a reasonable periad of time, Lender shall either apply such funds or return them to Borr�wer. If not applied earlier, such funds will be applied to the ou#standing principal balance under the N�te immediately prior to foreclosure. No affset or claim which Borrovver might ha�e naw or in the futur�against Lender sha�� relie�e Bflrrower from making payments due under the Not� and this Security Instrument or performing the co�enan�s and agreements secured by �his Security Instrument. 2. Application of Payments ar PrQ�eeds. Except as otherv►�ise described in this Sectian 2, all payments accepted and applied by Lender shall be applied in the following flrder of priority: �a} int�rest due under the Nate; �b}principai due under�he Note; �c}amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due und�r this Security Instrument, and�hen to reduce the principal balance of the Note. If Lender recei�es a payment from Borr�wer for a delinquent Periodic Payment which inciudes a sufficient amount to pay any tate charge due, the payment may be applied to the delinquent payment and the �ate charge. �f more than one Periodic Payment is ou�standing, Lender may apply any payment recei�ed from Borrower ta the repayment of the P�riodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied ta the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. �oluntary prepayments shall be applied first to any prepaym�n�charges and then as described in�he Note. Any applica�ion flf payments, insuranc�proceeds, or Miscellaneaus Proceeds to principal due under the Note shall not extend or postpone the due date, ar chan�e the amaunt, of�he Periodic Payments. 3. Funds for Escrow It�ms. Borrower shall pay to Lender❑n the day Periadic Payments are due under the Nate, until the Note is paid in full, a sum�the "Funds"}to pro��de for payment of amounts due for: �a}taxes and assessments and other i�ems which can attain priority o�er this Security Instrumen�as a lien or encumbran�e�n the Property; �b}�easehold payments or ground rents on the Property, if any; and�c}premiums for any and all insu�ance required by Lender under Section 5. These items are called "Escrow Items." At origination or at any time during the �erm of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be escrowed by Barrower, and such dues, fees and assessments shall be an Escrow Item. B�rraw�r sha�l promptly furnish to Lender a�l notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow It�ms unless Lender wai�es Borrower's obligation tQ pay the Funds for any or a�1 Escrow Items. Lend�r may NEBRASKA-5ingle Family-IJNIF�RM INSTRLJMENT �8�eg�� M�DIFIED FQR DEPARTMENT aF VETERANS AFFAIRS - MERS www.dvcmagir.com {Re�. 1101} Page 4 of 14