201005570 - Laserfiche WebLink

Browse

201005570 '1'H15 SECURII"Y INSTRUMENT" combines uniform wvenanls for national use and non-uniform covenants wish limited variations by jurisdiction to constitute a wlifortrt security instrument covering real property. UNIHnKM COVENAN"1'S. Borrower and lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment ('barges, and Late Charp,es. 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 Nole. Borrower shall also pay funds for Liscrow Ilcros pursuant to Section 3. Payments due under the Nute and this Security instrument Shall he made in U.S. currency. However, if any check or ull'tcr instrutrtent re:ccivcd by I,cnder as payrrteril under the Note or this Security [rastrutrtcnt is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Nolc and this Security Instrument be made in one or morn of the following fonrts, as selected by Lender' (a) cash; (h) rnoncy order; (c) ccrUficd cheek, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits arc insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds '1'ransfcr. Payments arc deemed received by Lender when received al the location designated in the Note or al such other location as may be designated by Lender in accordance with the notice provisions in Sectiot7 1S. bender may return any payutent or partial payment if the paytr~ent or partial payments are insufficient to bring the Loan current. Lcndcr may accept any payment or partial payment insul'ficicnl to bring the L.~~an current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment ~n• partial payments in the future, but Lcndcr is not obligated to apply such paymcnls at lire lime such payu~ents an accepted. If each Periodic Payment is applied as of its scheduled due date, then bender aced riot pay interest an unapplied funds. Lender fnay hold such unapplicd funds until Iorrower makes paymcnls to hying the Loan current IC Borrower does not do so within a reasonable period of time, Lcndcr shall either apply such funds ur return tllcttt to Borrower. IL' not applied earlier, such funds will be applied to the outstanding principal balance under the Note itnttrcdiately prior to foreclosure. No oCl'set or claim which Borrower might have now or in the future against bender shall relieve Borrower from making payments due under [he Note and this Security instrument or performing the covenants and agreements secured by this Security Inslrutncnt. 2. Application of Payments or Proceeds. Except as otherwise described in this Secl.ion 2, all payments accepted and applied by Lcndcr shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Nole; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in Ute order in which it bccatttc due. Any remaining amounts shall be applied first to laic charges, second to any other atnounts due under this Security Instrument, and then to reduce the principal balance of the Nole. If Lcndcr receives a payment froth Borrower for a delinquent Periodic Payment which includes a sal-IlclcnL atrtuwil to pay any late charge due, the payment. may he applied to the delinquent payment and rite late charge, If more than one Periodic paymcnl Is outstanding, Lcndcr rrtay apply any paymenC received from Borrower to the rcpayrrtent of rite Periodic Payments if, and to the extent that, each paymcnl can he paid in full. To the extent that any excess exists after the paymcnl is applied to the full paymertt of one or more Periodic Payments, such excess tnay he applied to any laic charges due. Volunl.ary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Misecllancous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Fmrds For Escrow Items. Borrower shall pay to Lcndcr on the day Periodic paymcnls are due under the Nole, until the Notc is paid in full, a sutra (the "bonds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security lnstnunent as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Properly, iC any; (cj premiums for any and all insurance required by Lcndcr under Section 5; attd (d) Mortgage Insurance NEBRASKA -Single Family -Fannie MaelFreddie Mac UNIFORM INSTRUMENT ~pW1~ -GINEI ioai i ~ Page 4 of 1 5 Initrels: (sue Form 3028 1 I01