201007713 - Laserfiche WebLink

Browse

2o�.uc��i� THIS SECURITY 1NSTRUMENT combines uniform covenants for national use and nan-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. CTNIFORM COVENANTS. F3orrawer and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrpwer shall pay when due the principal of, and interest on, the debt evidenced by the Npte and any prepayment charges and late charges due under the Note. Borrawer shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this �ecurity Instrument sha11 be made in U.S. currency. However, if any check or other instrument received by Lender as payr�aent under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in ane 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 chack is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender whan received at the location designated in the Note or at such other lacation as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payznent if the payment or partial payrnents are insufficient to bring the Loan current. Lender may accept any payment ar partial payment insufficient to bring the T,oan current, without waivar of any rights hereunder vr prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the tizne such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interast on unapplied funds. Lender may hold such unapplied funds until Borrower nnakes payments ta bring the Loan current. If Borrower does not do so within a reasonable period of time, Lendar shall either apply such funds or return thezxi to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claizn which Borrawer rnight have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or performin� the covenants and agreements secured by this Security Instrurnent. 2. Applicatian of Payments or Proceeds. �xcept 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 under the Note; (b) principal due under the Note; (c) amaunts 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 char�es, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Fayment which includes a suf�cient amount to pay any late charge due, the payment may be applied to the delinquent payan�ent and the late charge. If more than one Periodic Payment is outstanding, Lcnder may apply any payment received from Borrower to the repayment of the Periodic 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 to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied �rst to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the P�riodic Payments. 3. Funds far Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payrnent of amounts due for: (a) taaces and assessments and other itexns which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasahold payments or ground rents on the Property, if any; (c) premiurns for any and all insurance required by Lender under Section 5; and (d) Mortgage Tnsurance 230930 NEBRASKA - Single Family - Fannie M a�/Freddie M ac UNIFORM INSTRUM �NT �-6(NE) �oaii� Page4 of 15 i��t�ais: Form 3028 7/01 m