201700773 - Laserfiche WebLink

Browse

2� 17��773 B�RRQWER C��ENANTS tha�Barrower is Iawfuliy seised of th�estate herehy canveyed and ha��he r�ght to grant and convey �he Proper�y and tha�the Praper�y is unencumbered, except for encumbranc�s�f re�ord. Borrawer warrants and wil� def�nd generally the title t�the Prop�r�y agains�a11 c�aims and dernand�, subje��to any encumbrances of record. TH�S SE�UR�TY INSTRUMENT combine�uniform covenants for natianal use and non-uz��form co�ezaan�s w�th l�m��ed varia��ns by�jurisd�ct�on t� cons��tut�a un�form secur�ty instrument�o�ering reai praperty. Uniform Cvrrenants. Borrow�r and Lender covenant and agree as follows: �. Payment of Principa�, Inter�st, �scraw It�ms, Prepaym�nt �ha�ges, and Lat� Cnarges. Barrower sha��pay when due the princ�pal �f, and interest an, the deb�evidenced by �he Nate and any pr�paynz�nt charges and�ate charges due under the Nate. Borro�er shai� also pay funds for Escraw Items pursuant�fl S�ct�on 3. Payments due und�r the Note and th�s Securit� �nstrum�nt sha1�be made in U.S. currency. H�we�er, if any ch�ck ar�th�r instrum�nt recei�ed by Lender as paymen�under the Not�ar�his S��:urity �nstrument�s return��i�� Lender unpaid, L�nder may require�hat an�or ai� subs�quent payments due under �he N��te and this Securi�y �nstrument b�made�n�ne or more of th�follawing farms, as s��ected by Lender: �a}cash; ��} maney�rder; �G} �er�if��d�he�k, bank check, treasur�r's che�k�r cashi�r's chec�, provid�d any �uch check is drawn up�n an�ns��tutznn wh�se depas��s ar��nsured by a fe�.era� agency, in�trumen�ali�y, �r entity; ar�d� Electronic Funds Transfer. Pa�ments ar�deem�d recei�ed by L�nder when recei�ed at the location designa�ed in the Note or at such a�h�r�ocatzon as may be des�gnated by Lender in accordance with th�nati�e pr�visions �n Sec�ian �S. Lend�r may r�turn any paymen�or par�ia�paym�nt �f the payment ar part�a�payments are insufficient�o bring the Laan curr�nt. Lender may accept any pa��nent�r par��a�paymen� znsuffic�ent�o bring the Loan current, without wa��er of an� ri�hts hereunder�r prejud�ce ta i�� rights to refuse such paym�n��r partial payments in�he future, but Lender is not ab��gat�d to app�y such pa�ments a� �he��me su�h paymen�s ar� aCcepted. If each Per�odic Paymen� is app�ied as of its scheduled du�date, then Lender need n�t pay inter�st on unappl�ed funds. Lender may hald such unapp�ied f u.nds until Borrower makes paymen�s to bring�he Loan current. �f Borrawer does nn�do s�with�r�a reasonable periad of time, Lender shail ei�her apply such funds or return�hern to Borrflwer. If not appl�ed ear��er, such funds w�1��e applied�o�he outstanding principal �alanC�under th�N�te �mmedzately prior to f�r�cZflsure. No flffs��ar c�aim whi�h Barrower migh� ha�e now ar in the future agains� L�nder shall relie�e Barrawer fram making pa�m�nts due under�he Not� and th�s Se�ur�ty �ns�rument�r performing�h�co��nants and agreern�nts s�cured b��his S�cur�ty �nstrunzent. �. Applieat�on af Payments or P�aceeds. Excep�as ather�ise descr�bed�n this Sec�ian�, ali payments ac�ep�ed and app�ied by L�nder s�aa�� be app�ie� �n the fo��a��ng order�f prior�ty: �a} interest due under the �Iote; �b}princ�pal due u�der the Nate; �c} arnount�due under Sec�ian 3, Such payments sha�� be app��ed to ea�h Peri�dic Paym.ent xn�he ord�r in whi�h it be�ame du�, Any remaining amounts shai� be app�ied��rs�to late charges, sec�nd to any ath�r amaun�s due under th�s Security �ns�rument, and then�a reduce�he principal balance of the Nate. �f Lender r��ives a payment from Borr�wer for a delinqu�n� Perzodic Payment wh�ch �nc�udes a suf�cient amaunt t�pay any�a��charge du�, the paym�nt may be appiied to the de�inquent paymen�and�he�ate c�arge. �f mare than one Per��dz� Payment�s aut��and�ng, Lender may app�y any payment re�eived fram Borrower to the repayment af the Per�od�c Paym�nts �f, and�o�he ex��n��hat, ea�h payment�an be paid �n full. T�the extent that an�excess�xists after�he payment is applied tfl the fu�� paym�nt�f one ar more Peri�di� Pa�ments, such exc�ss may be appi�ed�o any late charges due. Vo�un�ary prepaymen�s sha��be app��ed firs��o any pr�payment charges and then as descri�ed in the Note. NEBRAS�CA-5ingfe Fami�y-Fannie Mael�reddi�Mac EJNI�ORM lNSTRUM�NT Farm 3�28�141 VMP[�] VMPfi4NE)4�302� Wofters Kluwer Financ�al S�r�i��s Page 4 vf�7