201008277 - Laserfiche WebLink

Browse

�o��o�� I30RROWER C'OVENANTS that Borrnwer is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and thal lhe Property is uncncumbered, cxcept for encumbrances of record. F3orrower warrants and will defend gcnerally the title lo the Property against all claims and deinands, 5ubject to any encuinbranccs of record. THIS SF:(�URITY INSTRUMFNT combincs uniform covenanCS for national use and non-uniform covenants with limitcd variations by jurisdiction lo constitute a unifonn sectu'ity instruinent covering real property. UNIFORM C'OVFNANTS. E3orrower and Lender cov�na�it and agree as follows: 1. Payment of Principal, Intcrest, Escrow Items, Prepayment Charges, and Late Charges. F3orrower shall pay when due the principal of, and interest on, the debt evidence;d by the NoCe and any prepayinent charges and late charges due under lhc Note. Borrower shall also pay funds for Escrow Itetns pursuant to Section 3. Payments duc under the Note and this Security Inslrurnent shall bc made in U.S. currency. However, if any check or �lher inst�ument receivcxi by Lender as payanent under the Note or thi5 Security Instrument is returnul co Lender unpaid, Lendcr may require that any or all subsequent paymcnts due under the NoCe and this Security Instrurnent be �nade in onc or more of fhe following forms, as selected by Lender: (a) cash; (b) money order; (c) certitied chcck, bank chc,-�k, treasurer's eheck or cashier's chcx:k, provided any such chcck is drawn upon an institution who5e depc�sits are insured by a federal agency, instrumentality, or entily; or (d) F,lectronic Funds Transfer. Payments are deemed r�ceived by [,ender when reccived at the la:alion designated in the Nole or at such other location as ►nay bc; dcsignated by Lender in accordance with lhc notice provisions in Section 15. Londer may return any payinent or partial paymenl if the payment or partial payments are insufficient to bring the Loatx current. Lcndcr may accept any paytncn[ or partial payrnent insufficic;nt to bring the Loan current, without waiver of any rights hereunder or prejudicc to its r►ghts lo refuse such payanent or partial payin�nCs in the futtu'e, but Lender is not obli�ated to apply Such payments at the time such payinents are accepted. If each P�rioclic Payment is applied as of its scheduled due date, lhcn Lender need not pay iniecest on unapplied funds. Lcnder may hold such unapplied fiznds until Borrower inakes payinenl Co brin� the J�oan current. IC I3orrower does not do so within a reasonable period of tiinc, Lender shall cithe.r apply such funds or rcluxn them to $orrowcr. If not applied earlier, such f'unds will be applied to the outstanciing principal balance under the NoCe i�nmediately prior Lo foreclosure. No offset or claiir� which I3orrower rnight have now or in the iirture against Lender shall relieve F3orrower froin making payinents due under the Note and thi5 Secw'ity lnstrum�nt or performing the covcnai�ts and agrecments secural by this 5ecuriLy InstrumenL. 2. Applicatian of Payments or Proceeds. Except as otherwise describcd in this Section 2, all paym�nts accc,^ptexi and applied by Lender shall be applied in the following order of priarity: (a) interest due under Lhc Note; (b) principal duc under the Note; (c) auiounts due under 5ection 3. Such payments shall be applied to each heriodic Payment in the order in which it becamc due. Any r�tnaining a►nounts shall be applied first to latc charges, second to any othcr amounts due under this Security Tnstrumcnt, and lhen to reduce the principal balance of the Note. If Lender receives a payment from $orrowcr tor a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment �nay bc; applied to lhc delinquenl payment and the late charge. If morc than one Periodic Payment is outstanding, Lender may apply any payment receivul fro►n Barrawer to the repayment of thc Pcriodic Aayinents if, and to the extcnt that, each payi�nent ca�i be paid in full. "Co the cxlcnt that any excess exisLs atter the paymenC is applied to Lhe full paymcnt of one or morc Periodic Payments, such exccss may be applied to �ury late charges due. Voluntary prepayments shall be applied first to any prepayment charg�5 and then as describcd in the Note. Any application of payments, insurance proceeds, or Miscellancous Proceecl5 to principal due under che Note shall not extend or pa5tpone the due date, or change the amount, of the Periodic Pay►nents. 3. Funds for Escrow Items. Borrower shall pdy to Lender on the day Periodic Payincnts are due under the Note, until thc Note is paid in full, a sum (the "Funds") Co provide for payment of �unounts due far: (a) taxes and assessments and other iLems which can attain priority over lhis Security InStrument as a lien or encumbrance on the Property; (b) leasehold pa}�nenla or �;round rents on the Property, if any; (c) premiu�ns for any �uid all insurance required by Lender under Scction 5; and (d) Mortgagc Insurance 8800893725 8800893725 NEBRASKA - Single Family -Fannie Mae/Freddle Mac UNIFORM IN57RUMENT WIT , E�S �•8A(NE)�oe�o� Pnge4 of 15 �nitials: FOrm 3028 7/0� G^ �--