201008723 - Laserfiche WebLink

Browse

20i008�23 THIS SECURITY INSTRUMENT combines unifarm covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security insirurnent covering real property. LTNIFORM COVENANTS. Borrower and Lender covenant and agree as £ollows: 1. Payment uf Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrnwer shall pay when due the principal of, and interest nn, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Esctow Items pursuant to Scction 3. Payments due under the Nate and this Security InstruYnent shall be rnade in U.S. currency. Howevcr, if any check or other instrument rcceiVCd by Lendet as payment under the Note or this Security Instmment is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the followin�; forms, as selected hy Lendet: (a) cash; (b) money order; (c) cettitied check, hank check, treasiirer's check or cashier's check, provided any such check is drawn ti�pon an institutian whosc deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic l�unds Transfer. Payments are deemed received by Lendec wh.en received at tha location de5ignated in the Note or at such other location as may he designated by Lender in accordance with the notice pravisions in Section 15. Lendet may retiirn any payment or partial payment if the payment or partial payments ate insufficient to bring the Loan current. Lender may accept any payment ar partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accaptad. IP each Periodic Payment is applied as of its scheduled due date, then Lendet need not pay interest an unapplied £unds. Lender may h�ld such unapplied funds until Borrower makes payments to bring ihe Loan current. Tf Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such fixnds will be applied to tha out5tanding principal balance under the Note immediately prior to foreclosure. Na offset or claim which Bottower might have now or in the future against Lendet 5ha11 relieve Borrower frorn making payments due under the Note and thiG Security Instnunent or performing thc covenants and agreements secured by this Security Instruznent. 2. Application of Payments or Proceeds. �xcept as otherwise described in this Section 2, all paytuents accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such paym�nts shall be applied to each Petiodic Payrnent in the order in which it became due. Any remaining amounts shall be applied first to latc charges, second to any nther amounts due under this Secutity Iustrunient, and then to reduce the principal balance of the Note. If Lender reccives a paymcnt from Borrower for a delinquent Periodic Payment which includes a sufficient ainount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If rnote than one Periodic Payment is outstanding, Lendet may apply any payment received from Borrower to the tepayment of the Periodic Paymcnts if, and to the extent that, each payrnent can be paid in full. To the extent that any excess exists aiter the payment is applied to the full payrnent oF one �r more Periodic Payments, such excess may be applied to any late charges due. Voluntary ptepayrnent5 shall be applied fitst to any prepaymept chargcs and then as described in the Note. Any applicatinn of payments, insurance proceeds, ar Miscellaneous Proceeds to ptincipal due under the Note shall not extend or postpone the due date, or change the amonnt, of the Periodic Payments. 3. �nds l'or E�crow Items. Borrowcr shall pay io Lender on the day Periodic Payments are due under the Note, until the Nate is paid in full, a sum (the "Funds") ta provide for payment of amotuits due for: (a) taxes ancl assessments and other items which can attain priarity over this Security Instniment as a lien or encurnbrance on the Praperty; (b) leasehold payrnents or ground rents on the I'rnperty, if any; (c) pr�miums for any and all insutance required by Lendcr under Section 5; and (d) Mortgage Insurance NEBRASKA- Single Family - FannieMael�reddie Mac UNIFORM INSTRUMEN7 � �-6(N E) �os� �� Page 4 of 15 Initia Form 3028 1/01