201007997 - Laserfiche WebLink

Browse

�0100�997 BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for enaumbrances of record. Borrower watrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances af record. THIS SECUI.tITY INSTRi7MENT combines uniform covenants for national use and non uniform covenaats with limited variations by jurisdiction to constitute a uniform sec�urity inskrument covering real Pr"QPertY• UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment af Principal, Interest, E�craw Items, Prepayment Charge�, and Late Chargea. Borrowear 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. Honrower shall also pay funds foz Escrow Items pursuant to Section 3. Payments due under the Note and tlazs Security Instrument shall be made in U. S. currency. Hawever, if any check or other ins�ument received by Lender as payment under the Note or this Security Instrurnent is returned to Lender unpaid, Lender rnay require that any or all subsequent payments due under the Note and this Security rnstrument be made in one or mare of the following fanms, as selectefl by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer' s check or cashier' s checl� provided any such check is drawn upon an institution whose deposits axe insured by a fede:�al agency, instrrumentality, or entity; ar(d) E1ac�onic Funds Transfer. Payments are dcemed received by Lender when re�eived at the location designated in the Note or at such othec location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any paym�nnt or partial payment if the payment or partiat paym�a.ts aze insufficient to briz�g the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan cmr�nt, without waiver of any rights hereunder or prejudice to its rights ta refuse such paymeint or partial. payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its acheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loar► current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them ta Borrawer. If not applied earlier, such funds will be applied to the outstancling principal balance under the Note imme�iiately priar to foreclosure. No offset or claim which Sorrower rnight hava now or in the future against Lender shall relieve Borrower from making payments dua under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Applicatlon of Pa�ments or Proceed�. Except as otherwise described in t}us Section 2, all paymenta sccepted and apphed by Le�nder shall be applied in the following arder of priority: (a) interest due under the Note; (b) principal due under the Nate; (c) amounts due under Se�ian 3. S�xch payments ahall bs applie�i to each Periodic Payment in the order in which it became due. Aany remaining am�unts shall be applied first to late charges, second to any othcr amounts due under this Security Tns�ument, and then ta reduce the principal balance of the Note. 1f Lenderr receives a payment from Borrower for a delinqu�nt Periodic Payment which includes a sufficient annount to pay any late charge due, the payment rnay be applied to the delinquent payment and the late charge. If more than ane Periodic 1'ayment is autstanding, 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 ona or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepaym�ts shall be applied first to any prepaym�ent chaxges and then as described in the Note. Any application of payments, insuraace proceads, ar Misccllaneous Proceeds to principal due under the Note shall not extend or postpona the due date, or ck�ange the amount, af the Periodic Fayments. 3. �nds for Escrow Itema. Borrowex 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 payment of amounts due for: (a) taxes and assessments and other items which cau attain priority over this 5ecurity In.alrument as a lien or encumbrance on the Property; (b) leasehold payments ar ground rents on the Property, if any; (c) premiums for any and a11 insurance required by Lender under Se�tinn 5; and (d) Mortgage Insurance 22Q0079023 D V6AN� N�RASKA - Single Family - Fannle MaeJFreddle Mac UNIFORM INS'TRUMENT WITH MERS �-6A(NE)�oaiol Paasaafi5 in�deis: �� Form8D28 1/�7 �