201008900 - Laserfiche WebLink

Browse

2oioos�ao THIS 5ECURII'Y INSTRUM�NT combines uniform covenants for nalianal use and non-uniform covenants with limited variafinns by jurisdiction to constitute a uniform security instrument covering real property . UNTFORM COVFNANTS. Borrower and L.ender covenant and agree as follows: 1, Payment of Ptrincipal, Interest, Escrow Items, Prep�yment Charges, and Late Charges. Borrower shall pay when du� the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall alsa pay funds for �,scrow Items pursuant to 5ection 3. Payments due under the Note and this Security Instrurtxent shall be made in U.S. currency. However, if any check ar other instrument received by I.ender as payrn�nt under the Note or this Security Instrument is returned ta I,ender unpaid, Lender may require that any �r all subsequent payments due under the Nc�le and this Security lnstrument be made ian �nc Ur more of the following forms, as selected by I�ender: (a) cash; (b) money order; (c) ce:rtifi�d check, bank check, treasurer's check or cashi�r's check, provided any such check is drawn upa❑ an institution whose deposits are insured by a fcderal agency, instrumentality, or entity; or (d) Electranic Funds Transfer. Payments are deemed received by I.,ender when received at the location designated in th� Not� c�r at such other location as may be designat�d by I,ender in accardance with the notice provisions in Scction 1S. I..snder may return any payment or partial payment if the payment or partial payments ar� insufPici�nt ta hring the Loan current. Lender may accspt any payment or partial payment insufficien[ [c7 bring the I.uan curr�nt, without waiver of any rights h�r�under ar prejudice to its rights to refuse such payment or partial paym�nts in the future, but Lendcr is nat abligated to apply such payments at the time such paym�nC� ar� acc�pted. If each Yeriodic Paymenl is applied as of its scheduled due date, then U:nder need nUt pay interest on unapplied funds. I.,endsr may hold such unapplied funds until Borrawer makes payments ta bring the Loan current. If BorrUw�r da�s not do so within a reasonable period of time, Lender shall either apply such funds or relurn thc:m to Borrawer. If nat applied earlier, such funds will be applied to the outstanding principal balance under th� Nat� imrnediately prior to foreclosure. No offset or claim which Borrawer might have now or in ih� future against I.ender shall relieve 13orrower from making payments due under the Note and this Security Instrurnent or performing the covenants and agreements secured hy this Security Tnstrument. 2, Application ot' Payments or Proceeds. �xcept as otherwise describ�d in this Secti�n 2, all payments accepted and applied by I,.ender shall be applied in the following �rdcr af priority: (a) interest due under lhe Not�; (b) principal due under the Note; (c) amounts due under Sectian 3. Such payments shall be appli�d Ca each Periodic Payment in the order in which it bccame due. Any remaining amounts shall be applied firsk to late charges, second to any olher amounts du� under this Security lnstruinent, and th�n tc� reduce the principal balance of the Note. If I,snder receives a payment from Borrower for a delinquent Pexiadic Payment which includes a sufficient amount to pay any latc charg� dus, the payment may be applied to the delinquent payment and the lat� charge. If more than one T'eriodic Payment is outatanding, I.ender may apply any payment received fram Barrower to the repayment of the Periodic Payments if, and to the extent that, each payinent can be paid 'vn full. To the extent that any excess exists after the paym�nt is applied to the full payment of one or xnore Periodic Payments, such excess may be applied to any late charg�s due. Valuntary prepayments shall be applied first to any prepaymcnt charg�s and then as described in the Note. Any application of payments, insuranc� praceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend ar postpane the due date, or change the amount, of the Periodic Payments. 3. Funds for Es�rowv Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Nate is paid in full, a sum (the "Punds") to provide For paym�nt of amoun[s due for: (a) taxes and ass�ssments and other items which can attain priority over this Security Instrument as a lien or �ncumbrance an the Property; (b) leasehold paynients or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under 5ection 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-B(NE) �osii� F'age4of 16 in�cieig: Form 3028 1/01 {�