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2oioos5is <br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform <br />caveanants with limited variations by jurisdictian ta canstitute a unifarrn security instrument covering real <br />property. <br />UNIFORM COVENAN I`S. Borrower and Lender 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 ot', and interest on, the debt evidenced by the Note and any <br />prepayment charges and latc charges due under the Note. Borrower shall also pay funds for Escrow Ttems <br />pursuant to Section 3. Payments due under the Note and this Security Tnstrument shall be made in U.S. <br />currency. However, if any chc�k or other instrument received by Lender as payment under the Note or this <br />Security Instrument is return�d ta I.�nder unpaid, I.xnder may require that any or all subsequent payments <br />dixe under the Nat� and this Security Instrument be mad� in on� c�r mar� c�f th� fallc�wing forms, as <br />selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's c.heck or <br />cashier's check, provided any such check is drawn upon an institutian whase deposits are inaured by a <br />federal agency, instrumentality, or entity; or (d) �lectronic Funds Transfer. <br />Payments are deemed received by Lender when received at the location designated in th� Nat� c�r at <br />such other location as may be designated by T.ender in accordance with the notice provisions in Secti��n 15. <br />I,ender may return any payment or partial payment if the payment or partial payments are insufficicnt to <br />bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the I,pan <br />current, without waiver �f 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 arG <br />accepted. If cach Periodic Payment is applied as of its scheduled due date, then I.ender need not pay <br />intcrest on unapplied funds. Lcnder may hold such unapplied funds until Bonower makes payments to <br />bring ih� �,c�an current. If Barrower da�s not do so within a reasonable period of time, T.�nder shall either <br />apply suGh funds or retunx thern ta Barraw�r. If not applied earlier, such funds will be applied to the <br />autstartding principal balance under Gl�e Nate imznediately prior to foreclosure. No offset or claim which <br />Borrawer might have now ar in the futur� againsC I.,cnder shall relieve Borrower from making payments <br />due under the Nate and this Security Instrum�nt ar p�rforming lhe covenants and agreements secured by <br />this Security Instrurnent. <br />2. Application of Payments or Prace�ds, Exccpt as c�th�:rwise described in this Section 2, all <br />payments accepted and applied by Lender shall be applied in th� Pollowing order of priority: (a) interest <br />due under the Note; (b) principal due under t]Xe Nate; (�) amounts due under Section 3. Such payments <br />shall be applied to each Periodic Payment in the arder in which it became due. Any remaining amounts <br />shall be applied first to late charges, second to any other am�unts due under this Security Tnstrument, and <br />then to reduce the principal balance af the Nate. <br />If Lender receives a payment from Borrower for a d�linquent Periodic Payment which includes a <br />sufficient amount to pay any late charge due, the payrnent may b� applied to [he delinquent payment and <br />the late charge. If more than one Periodic Payment is outstattdin�, I,ender may ap�ly any payment received <br />from Borrower to the repayment of the Periodic Payments if, ana to the extent that, each payment can be <br />paid in Full. To the extent that any excess exists after the payment is applied to lhe full payment of one or <br />mare Periodic Payments, such excess may be applied to any late cltarges duc. Voluntary prepayinents shall <br />be applied first to any prepayment charges and then as described in the Note. <br />Any applicafion of payments, insurance proceeds, or Miscellaneous Proceec�s to princi�al due under <br />the Note shall npt extend or postpone the due date, or change the amount, af the Periadic Payments. <br />3. Funds for Escrow Items. Barrower shall pay to Lender on the day T'eriodic Payments are duc <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 assessments and other items which can attain priority over this Security Instrum�nt as a <br />lien or encumbrance on the Property; (b) l�asehold payments or ground rents on the Property, if any; (c) <br />premiums for any and all insurance r�quir�d by Lender under Section 5; and d) Mortgage Iiasurance <br />NEBRASKA - Singla Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-61NE) wsi � i Paqe 4 vf 16 Initials: <br />Form 3028 1/01 <br />