201701708 - Laserfiche WebLink

Browse

� 2� 17� 17�8 THIS SECURITY INST'RUMENT comb�nes unifarm ca�enants for national use and non-unifarm co�enants vWith limi��d�arxat��ns by jurisdxction to constitute a uniform secur�ty instrument covering rea�property. U N I F�Rl�l C�V E NANTS. Borrower and Lender co�enant and agree as foliows: . 1. Payment of Prin�ipal, Interest,Escrow Items,Prepaymen�Charges,and Late�harge�. Barrower shall pay�rhen due the pr�ncipal of, and interest on, the d��bt e�idenced by the Nate and any prepaymen�charges and late charges due under the No�e. Borrower shal� a�so pay funds for Escrow Items pursuant to Section 3. Payments due under the Na�e and this Secu.rity �nstrumen� sha�l be rnade in U.S. currency. HovWever, if any check or other instrumen�recei�ed by Lender as payment under the Note or this Security Instrument is re�urned t�Lender unpaid, Lender may require that any or a11 subsequent payrnen�s due under the Note and this 5ecurity Tnstrument be made in vne�r more of the fa�lowi.rag farms,as selected by Lender: �a}cash;(b}money arder;�c}certified check,hank check, treasurer's check ar cashier's check,pra��ded any such check�s drawn upon an institution whos�deposits are insured by a federal agency, instrumentality, or entity; or(d�Electranic Funds Transfer. Payments are deemed r�cei�ed by Lender when recei�ed at the 1aCation designated in the Nate or at such ather �oca�ian as may be des�gnated by Lender in accordance with�he notice provisions in Sectian 14. Lender may return any payment or partia�payment if the payment or par�ial payments are insufficient�o bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan curren�, without wai�er of any r�ghts hereunder or prejudice ta its r.i ghts to r�fuse such payment or par�ial payments in the future, but Lender is not obligated to apply such payments at the time such payments are ac�ep#ed. If each Periodic Payment is applied as of its schedu�ed due date, �hen L�nder need not pay interes�on unapplied funds. Lender may hold such unapplied funds untxl Borrower makes payment to bring�he Loan current. If Borrow�r daes nat do so within a reasonable period of ti_me, Lender sha11 either app�y such funds or return them ta Borrvwer. Tf not appiied earlier, such funds will be applied t� the outstanding principa� balance under the Nate immediately prior to forec�osure. No affset or claim whi�h Borrower might ha�e now or in the future against L�nder sha�l relie�e Borrower from mak�ng payments due under the Na�e and this Security Instrument ar performxng the covenants and agreemen�s secured by this Security �nstrument. . 2. Applicatian af Payments or Proceeds. Except as o�herwise described �n this Section 2, a�� payments accepted and appl�ed�y Lender shall be appl�ed in the following arder of priority: (a} interest due under the Nv�e; �b}princ�pal due under the Note; (c�amounts due under Section 3. Such payments sha11 be applied to each Periodic Payment in the order in which i�became due. Any remaining amounts sha�l be applied first to �ate charges, second �o any other amaun�s due under�his Securi�y Instrument, and then to reduce the principal balance of the Note. If Lender recei�es a payment from Bflrrower far a delinquent Periodic Payment vvhich in�ludes a suffic�ent amount to pay any �ate charge due, the paymen�may be app�ied ta the d�linquent payment and the late charge. �f more than ane Periad�c Fayment is autstanding, Lender may apply any payment r�cei�ed frvrn Borrower to the repaymen�of the Periadic Payments�f, and to the extent�hat, each payment can be paid in fu�l. Ta the extent tha� any excess exists af�er the payment is applied to the fu11 payment of one or more Per�odic Payments, such excess may be applied to any la�e charges due. V�luntary prepayments shall be app�ied first to any prepayment charges and then as described in the N o�e. Any applica��on of paymen�s, �nsurance proceeds, or Misceilanevus Proceeds to principal due under the No�e shall not extend or postpone�h�due date, or �hange�he amount, af�he Periodic Payments. 3. Funds for Escrow Items. BorrovWer shall pay ta Lender on�he day Per.iodic Paymen�s are due under the N�te, until the No�e is paid in ful1, a sum �the "Funds"�to pro�ide far payment of amounts due for: �a}taxes and assessments and�ther i�ems which can attain prior�ty o��r this 5ecur�ty�nstrurn�n�as a lien or encumbrance on�he Property; �b}�easeho�d payments ar ground rents�n th�Property, if any; and�c�premiums for any and al�insurance required�y Lender under Section 5. Thes�items are ca�led "Escraw Items." At origination or at any�ime during the �erm af the Loan, Lender may require that �ommunity Ass�c�ation Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessmen�s shall be an Escrow �tem. Borrower shal� promp�ly furnish to Lender all notices �f amounts�a be paid under this Section. B�rrower sha11 pay Lender�he Funds for Escrow�tems u.nless Lender wa��es BorrovWer's obl�gati�n tio pay the Funds for any or a1I Escrow�tems. Lender may NEBRASKA-Single Family-UNIF�RM INSTRUMENT Dac11+��glc MODIFIED F�R DEPARTMENT OF VETERANS AFFAiRS - MERS www.da�magic.�om (Rev. 11��} Page 4 of 14 � ,