201009085 - Laserfiche WebLink

Browse

201009085 THYS SECURITY INSTRUMENT combines uniform covenants for national use and noz�,-unifarm oovenants with limited variations by jurisdiction to vonstitut.� a unifn�rrn secutxty i�vm:�nt covering real P�I�3'• UNI�ORM COVENANTS. Hormwcr and Lendcr covcr�ant and agree as follows: 1. Paymmt of Prtndpeal, Ynterest, Escrow It�ms, Prepayment Cbarge�, and Lste Cha�ge�. Borro�cver shall pay when due the principal of, and interest on, thc debt evidenced by the Nate and any PT�PaY�� 8es and late cl�arges due under the Note. Borrower sball also pay funds for Esarow It�ns pursuant to Se�tion 3. Payments due under the Note and this Security Instrument shall be mac1� in [l.S. currency. However, if any check ar other inst�t �rred by Lender as pa�nent under the Note or this Security Insaument is returned to Lender unpaid, I.ender may require that any or aU subsequent payments due under the Note and this Security Instrument be made in one or m.ore of the following forn�s, as sele.ctea by Lender: (a) cash: (b) mone�' order: (c) c�rtiFed c1�k, bank check, treasurer's Gheck or cashicr's chsck, pmvided any such check is drawra u�pon a�a instituticrn whose deposits are insur� by a federal agency, urstrumentality, or �ntity; or (d) IIectronic Funds Transfer. Payments are deemed receiveci by L.endear when xeceived at the location dasignated in the Note ar at s�rch other locatian as may be de�ignated by Lender in a�cxardance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. L,ender may accept any pa�m�Cnt or partial payz�ez�t insufficient to bring the Loan curcent, witxwut vvaaver of any rights �ercunder or prejudice to its rights to refuse such payment or partial payments in the futurc, but Lender is not obligated to apply such payn�ents at the ti,�e sucl� payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then I.ender need not pay inte�rest an wiapplied funds. L,ender nqay hold such unapplied funds until Borrower makes paymcnts to bx�ing the Loan ctiuxent. �f Fbrrower does not do so within a reasonable period af rime, Lendex shall either apply such funds or return them to Borrowcr. If aot applied earlier, such funds will be applied to the outstanding prin�cipal balance w�de�r Che Note �.iately prior to foreclosure. No offset or cla.inn whir.b Borrower might have now or in the futur� against I�emder sb,all relieve Borrower from making pa�'nnents due under the Note and ttus 5ecurity Inshv�t or pPxfarming the covenants a� agreements secured by this Se�urity Instrument. 2. Applicad�n of Payments or Proceeds. Eacept as otherwise de.acribed in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest duc unde�r the Note; (b) Priuncipal due undeac the Note; (c) amounts duc under Section 3. Such payments shall be applied to each Periodic �ayment in the order in which it became dttc. Atiy r�maining amounts shall be applie� first to late charges, seoond to any othcr amaunt� due unde�r this Security Instrument, and then to re�uce the principal balance of the Nate. If Lender receive�s a payment from Bornower for a delinquet�t Pe�i,adic Payment vvhich includes a sufficient amount to pay any late cl�arge due, the payment may be applied to the delinquent payment and the latc charge. If more than one Periadic Payment is outstand"ung L�ndez maY aPP �Y Payment received from Borrower to the repayment of the Periodic Paymenl� if,' and ta the e�te�at that, each payment can be paid in fiill. To the eate�t that any excess exists aflter the payment is applied w the fiill payment af one or mor� Periadic Paym�nts, �a �c�s may be applied W any late charges duB. Voluntary prepaytncnts shall bc applied fust to anY prepaqnaent cha�r8es and tbien as described in the Note. Any applicatian of payments, ins�ua�ce proceeds, or Miscellanevus Praceed� to principal due under thc Nate shall �ot ext�r�d ar postpone the due date, or change ths amnunt, of tl�e Peri.odic Payments. 3. ktiwds for Escxa� Ite�. Bcarrowe�r s�a11 pay to L�ender on the day Pc�nipdic Payments are due under the Note, until the Note is paid in full, a sum (the "�uids") tq Pmvide far payment of ax�ounts due far: (a) taaes and ass�ts and oYher items which can attaiux priority over this 5ecurity Instnun�nt as a lien ar encumbraince an rJze Property ro)1�o1a Pay�� or �a re� o� r.t� rro� if any; (c) prerniums for any and all insutance ,�quired by I.ender under 5ection 5; and (d) Mortgage Insurance NF9RASKA - Sinale Family - Fannie IIAaa/Fraddia M� UNIFORM INSTRUMENT ��INE) ��> > � ., Pape a m � e mrt�a. � Fwm 3028 7/01 � � _ .. � ,