200906037 - Laserfiche WebLink

Browse

~oo~os~~7 THIS SECURITY INSTRLIMENT combines uniform covenants for national use and non-uniforr covenants with limited variations by jurisdiction to constitute a uniform security instnmrent covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for L+'scrow Items pursuant to Section 3. Payments due under the Note and this Security histrument shall be made in U.S. currency. However, if any check or other instnunent received by Lender as payment under the Note or this Security L~slrument is returned to Lender unpaid, Lender may require that arty or all subsequent paymers due under the Note and this Security Instnunent 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 check or cashier's check, provided any such check is drawn upon an institution whose deposits arse insured by a federal agency, instrumentality, or entity; or (d) Elechonic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insut~cient to bring the Loan current. Lender may accept any payment or partial payment ir-suffiCient W bring the Loan current, without waiver of any rights tu:reunder or prejudice t0 its rights to refuse such payment or partial payments in We future, but Lender is not obligated 1o apply such paymentss at the time such payments arc accepted. If Cash Ycriodic Payment is applied as of its sChCdWCd due: date, then Lender need not pay interest on unapplied furxls. I~erxler may hold such urmpplied funds urdil Borrower makes payments to bring the Loan Current. If Borrower does not do so within a reasonable period of time, Lerxler shall either apply such funds or return them to Borrower: if not applied earlier, such Funds will be applied to the orrtstnnding prireipal balarrCe urxler the Note immediately prior to foreclosure. No offset or Claim which Borrower might have now or in the future against Lender shall relieve Borrower from making paymerris due under the Note and this Security inshument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Prceeeds. kept as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due urxler the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such paynierrts 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 under this Security Ir~lrument, and then to reduce the principal balance of the Note. If I.euder receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late Charge due, dre payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each paymerrt can be paid in fWl. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to arty late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, irsurance proceeds, or Miscellaneous Proceeds io principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Bonaower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Frmds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security hrstnrrrrent t~s a lien or encumbrance on the Property; (b) leasehold payml:ras or ground rerrb on the Property, if any; (c) prcmiurns for any acrd all insurance required by Lender under Section 5; and (d) Mortgage Imurancc i~'1r~cCiiiMortgage 3.2.23.04 V.5 NEBRASKA -Single Famlty -Fannie Map/Freddie Mac UNIFORM INSTRUMENT ~y1,~ -8(Nq Iosn~ Page 4 or 15 ~dtlals: aT'~Y~ Form 3028 1/l11