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201008347 <br />THIS SECURTTY INSTRUMENT combines uniform covenants for national use and non-uniform <br />covenants with limited variations by jurisdiction to constitute a uniform security instru�ment covering real <br />property. <br />UNI�ORM COVENANTS. Borrower and J,ender covenant and agree 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 debt evidenced by the Note and any <br />prepayment charges and late charges due under the Note. Borrower shall also pay funds far Escrow Ttems <br />pursuant to Section 3. Payments due under the Note and this Security Instrument sh�ll be made in U.S. <br />currency. However, if any check or other instrument received by L,�nder as payment under the Note or this <br />Security Instrument is returned to L,Qnder unpaid, L.ender may require that any or all subsequent payments <br />due under the Note and this Security Instrument be made in one or more of the f�llawing forms, as <br />selected by I.ender: (a) cash; (b) rnoney order; (c) certified check, bank check, creasurer's check or <br />cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a <br />federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. <br />Payments axe deemed received by Lender when received at the location designated in the Note or at <br />such other location as may be designated by L,Qnder in accordance with the notice provisions in Section 1S. <br />Lender may return any payment or partial payment if the pay�nent or partial payments are insufficient to <br />bring the Loan cunent. I.ender may accept any payment or partial payment insufficient to bring the Loan <br />cnrrent, withaut waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial <br />payments in the future, but Lender is not obligated to apply such payments at the time such payments are <br />accepted. If each Periodic Payment is applied as of its scheduled due date, then T..ender need not pay <br />interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payments to <br />bring Che L,oan current, If Borrower does not do so within a reasonable period of tirne, Lender shall either <br />apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the <br />outstanding principal balance under the Note immediately prior to foxeclosure. No offset or claim which <br />Borrawer might have now or in the future against Lender shall relieve Borrower fram making payrnents <br />due under the Note and this Security Instrument or performing the covenants and agreements secured by <br />this Securiry Instrurnent. <br />2. ApplYcation of Payments or Proceeds. Except as otherwise described in this Section 2, all <br />payments accepted and applied by J.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 payrnents <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, second to any other amounts due under this Security Instrument, and <br />then to reduce the principal balance of the Note. <br />If Lender receives a payment frorn Borrower for a delinquent Periodic Payment which includes a <br />sufficient amount to pay any late charge due, the payrnent rnay be applied to the delinquent payment and <br />the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received <br />from Borrower to the repayment of che Periadic Payments if, and to the extent that, each payment can be <br />paid in full. To the extenC that any excess exists after the payment is applied to ths full payment of one or <br />more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayrnents shall <br />be applied first to any prepayment charges and then as described in the Note. <br />Any applicatipn of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under <br />the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. <br />3. �nds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due <br />under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due <br />for: (a) taxes and ass�ssments and other items which can attain priority over this Security Instrument as a <br />lien or encumbrance on the Property; (b) leasehold payments or graund rents on the Property, if any; (c) <br />premiunns for any and all insurance required by I,ender under Section 5; and (d) Mortgage Insurance <br />NE9RASKA - Singla Family - Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT <br />�-g(N�) �agi i� Paae a or t 5 in�t�ais: � � Form 3028 1/01 <br />. �, , <br />