201007824 - Laserfiche WebLink

Browse

20100i8�� THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-unifonm covenants with limited variations by jurisdiction to constitute a unifornn security instrument covering rEal praPertY• UNIFORM COVENANTS. Borrower and L.�nder covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Iteans, Pirepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayrnent charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payxnents due under tk�e Note and this Security Instrurnent shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrunnent is retuirned to Lender unpaid, I.ender may require that any or all subsequent payments due under tl�e Note and this Security Instrument be made in one or rnore of the followin.g forms, as selected by I.,ender: (a) cash; (b) maney order; (c) certi�ed check, bank check, treasurer's check or cashier's check, provided any such check 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 when received at the location designated in the Note or at such other location as rnay 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 insuf�cient to bring the Laan current. Lendear may accept any payment or partial payrnent insufficient to bring the Loan current, without waiver o� any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but I.,ender is not obligated to apply such payrnents at the time such payments are accepted. If each Periodic Paynaemt is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower rnakes payments to bring the Loan current. If Borrower does not do so within a reasonable period of tirne, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the autstanding principal balance under the Note imrnediately prior to for�loswre. No offset ar claim which Borrower rnight have now or in the future against Lender shall relieve Borrawer from making payments due under the Note and this Seeurity Instrument or performing the covenants and agrecements secured by this Security Instrument. 2. Application of Payments or Procceds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order vf priority: (a) int�rest due under the Note; (b) principal due under the Note; (c) amounts due under Se�tion 3. Such payments shall be applied to each Periodic Payrnent in the order in which it became due. Any remaining amounts shall be applied first to late chazges, second to any other amounts due under this Se�urity Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a suFficient arnount to pay any late charge due, the payment may be applie� to the delinquent payment and the late charge. If mare than on� 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 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 nnore Periodic Paymsnts, such excess may be applied to any late chazges due. Voluntary prepayments shall be applied first to any prepaynr�ent cl�arges and then as described in the Nate. 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 arnount, of the Periodic Payments. 3. �nds for Fscrow Items. Borrower shall pay to r.ender on the day Periadic Payrnents are due under the Note, until the Note is paid in full, a surn (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Praperty, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Maa UNIFORM INSTRUMENT �-BINE) lost t 1 Pege 4 of 16 in�ti . "�� Form 302$ 1l01 � '� � r; : ; . � .�