201008481 - Laserfiche WebLink

Browse

f►•II�[III�:�F:�I THIS SECURiTY INSTRUMENT combines uniform covcnarAts far national use and non-uniform covenants with lirnited variations by jurisdiction to constitute a uniform sccunity insirumeint caveiring real P�PenY• UNIFORM COVEI�ANTS. Borrower and Lender covenant and agre� as follaws: 1. Payment of Prindpal, Interest, E�crow Itenos, Prepsyment Charges, and Late Charges. Bonrower s�all pay when due the principal of, and intemst on, the debt evidenc� by the Note and any prepaymenC charges and late charges due under the Note. Bortower shall also pay funds for Bscrow Items pursuant to S�cdon 3. Payments due under tb�e NoCe and this Security Insiz�unent sha11 be made in U.S. currency. However, if any check or otb.er instrument received by Lender as payment under the Note or this Security Instnunent is retrtrned to Lender unpaid, I�en�der may require t1�at any or all subsequent payments due under the Note and this SSeaurity Instrument be made in one or more of th� following foxtns, as selected by Lender: (a) cash; (b) rnoney order; (c) certified ch0ck, bank check, tir.asurer's check or cashier's check, provided any such che�k is draru� upnn an insdtution whose deposits are insured by a federal agency, instnunentality, or entity; or (d) Elcctronic Funds Tra.nsfer. Payments a� deerned received by L.ender when rec�ive� at the location designate� izt the Note or at such other l�ation as may be designat�d by Lsnder in accordance with the notice provisions in Secdon 15. Lender may return an�y payment or partial payment if the payment or partial payments are insufficient to bring the Laan current. Lender may accept any payment oar partial payment insufficient w bring the Loan current, wi�thaut waiver of any rigb�ts hereunder or p�rejudice ta its rights to refuse such paym�nt or partial paym�ents in the future, but Lender is mot obligated to apply such payments at the time' such payments are a�cepte�. If e�h Periodic Payment is applicd as of its scherluled due date, then Lender need not pay interest on unapplied funds. L,ender may hold such unapplied funds until Borrower makes payments to bring the Loan cuxrent. If Hormwer does npt do so within a reasanable period of time, I.ender shall either apply such fiuxds or return them to Borcower. If not applied earlier, such funds will be applied tq the outstand�ing principal balance under the Note irnm�diately prior to farealosure. Na offset ar cla,im whi.ch Borrower might have naw or in the future against I,e��r ahall relicve Borrnwer from maldng payments due under the Note and this Security Instrum�ent or perFarmimg the cove�n.ants and agx�anents secured by this 5ecurity �trumea�t. 2. Application of Payments or Proceeds. Except as otherwi;�e deacribed in this Section 2, all paymen,ts acoepted and applied by Le;ader shall be applied in the following order of priority: (a) inter�.st due tuxder the Note; (b) principal due uader the Note; (c) amounts due under Sectian 3. Stich payments shall be applied Co eaech Periodic Payment in the order in which it beca�rYe due. Any renoaining amounts sl�al,! be applie� first to late charges, second to any other amounts due undsr this Security Inscrunc�nt, aa.d tb�n ta reduce the principal balance af the Note. If L�ender receives a payment fram Bor�ower for a delinquent Pexiodic Paqment which in,cludes a sufficient amount to pay a�ay late charge due, the payment rnay be applied ta the delinqu�nt payment and tl�e late charge. If mare than one Periodic Payment is outstanding L,ender may apply any payment reccivcd , from Borrower to the repayment of the Periodic Pay�ts if, and to the eatent t�hat, eaah payment can be paid in tull. To the eztent that any e�ss eaists after the payment is applied to t� full payment of one or more Periodic Payments, such excess n�ay be applied W any late charges due. Vol'untat�' Fr�payments shall be applietl �irst to anY P�Y�t �� and then as described�in tlae Nate. Any application of paytxtents, insurance proce�ds, or Miscellan,eoti;is Proceeds t4 principal due under the Note shall not extend ar postpone the due date, ar change the amount, of thc Pcriodic Payments. 3. Fund� for F�crow Iteme. Bprnower shatl pay to I,ender on the day Periodic Pay�ents arc due under the Note, until the Note ia paid in full, a sam (the "Funds") to provide far paym�nt af amounts due for: (a) taxes and ass�ssments and vther items which can attain priority over tlus Security Instrument as a lien or encumbrance an the Property; (b) leasehold payments or ground rents on the Property, if atry; (c) premiums for any a� all insurance requiz� by Lender under Se�tion 5; and (d) Mortgage Insurau4ce NEBRASKA - Sinpla Family - Fannie MeslFraddie Mac UNIFORM INSTRUMEN'P �I�, �-81NE! losti� Pape4of 1� m�t�s�:��M Form 302B 1/01 ° ' �