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2010U8330 <br />TF�IS S�CURI'I'Y INS1'RUMENT combines uniform cavenants for national use and non-uniform <br />covenants with limited variations by jurisdiction to constitute a uniform security instrument cavering real <br />property . <br />UNIFORM COVENANT5. Borrower and Lender covenant and agres as follows: <br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. <br />Borrower shall pay when due the principal of, and interest on, the debl �videnced by the Note and any <br />prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items <br />pursuant ta Sectian 3. Payments due under the Note and this S�curity Instrument shall be made in U.S. <br />currency. How�v�r, if any check or other instrument received by I.,e.nder as payment under the Note or this <br />Security Instrument is returned to Lender un�aid, I.ender tnay require that any or all subsequenl payments <br />due under the Note and 4his S�curity Instrument be made in one or more of th� falJpwing farrns, as <br />selected by Lender: (a) cash; (b) money order; (c) certified check, bank ch�ck, treasurer's check or <br />cashier's check, provided any such check is drawn upon an institution whos� dspasits are insured by a <br />federal agency, instrumentality, ar sntity; ar (d) �.lectronic Funds Transfer. <br />l�ayments are de�med received by Lender when received at the location dc:signated in the Nate or at <br />such other location as may be dc:signated by I.ender in accordance with the notice provisions in Section 1 S. <br />T,ender may retum any payment or partial payment if' the payment or partial payrnents are insufficient to <br />bring the I.,aan current. Lender may accept any payment or partial payment insuffici�nt to bring the Loan <br />current, withaut waiver of any rights hereunder or prejudice tn its rights ta refuse such payment or partial <br />payments in the future, but T.ender is nc�t obligated t� apply such payrnents at the time such payments are <br />accepted. If each Periodic Payment is ap�lied as af its scheduled due date, then T.ender need not pay <br />interest on unapplied funds. I.�nder may hold such unapplied funds until 13orrower makes payments to <br />bring the L.oan current. Tf Borrower does not do sa within a r�asonable period of time, L.ender shall either <br />apply such funds or retum them to Borrow�r. If not applied earlier, such funds will be applied to the <br />outstanding principal balance under the Note immediately prior to foreclasur�. No offset or claim which <br />Borrower might have now or in the future against Lender shall rclievc Borrower fram making payments <br />due under the Note and this Security Instrument ar perfarmimg tka� cav�nants and agreements secured by <br />this Security Tnstrument. <br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all <br />payments accepted and appli�d by I.ender shall be applied in the following order of priority: (a) interest <br />due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments <br />shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts <br />shall be applied first to late charges, secand to any other amounts due under this Security Instrument, and <br />then to reduce the principal balanae af the Note. <br />Tf I.ender receives a payrnent frorn Barrawer for a delinquent Periodic Payment which includes a <br />sufficient amount to pay any lats chargs due, the payrnent may be applied to the delinquent payment and <br />the late charge. If more than ane Periodic Payment is outstanding, L.ender may apply any payment received <br />from Borraw�r to thc: repayment of the Periodic Yayments if, and to the extent that, each payment can be <br />paid in full. Tr� th� extent that any excess exists after the payment is applied to the full payment of one or <br />rnare Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall <br />be applied first to any prepayment charges and then as described in the Note. <br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds lo principal due under <br />the Nate shall not extend or postpone the due date, or change the amount, of the Periodic I'ayments. <br />3. Funds for Escrow Items. Borrower shall pay to Lender on lhe day P�ric�dic Paym�nks are duc <br />under the Note, until the Note is paid in full, a sum (the "Funds") to provide for paym�nt af amaunts due <br />for: (a) taxes and assessments and other items which can attain priority over this S�curity Instrument as a <br />lien or encumbrance on the Property; (b) leasehald payments or ground rents on tlxe Praperty, if any; (c) <br />premiums for any and all insuran�� requir�d by I.,�naer under S�ction S; and (d) Martgage Insuranc:� <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mec UNI�ORM INSTRUMENT <br />�-61NE) wsi i i Paqe 4 of 15 �nitia�s: Fol'rtl 3Q28 1I01 <br />