201009360 - Laserfiche WebLink

Browse

201009350 "I'HTS SECURITY INSTRUMENT cprnbines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. LTNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Iteims, Prepayment Charges, and Late Charges. Borrawer shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Bnrrawer shall alsa pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U. S. currency. Hawever, if any check or other instrument received by Lendez as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender rz�ay require that any or all subsequent payxzaents due under the Note and this Security Instrument be made in one or more of the following forms, as selected by I�ender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier' s check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payrnent if the payxnent or partial payments are insufficient to bring the Loan current. Lender may accept any payrnent or partial payment insufficient to brin� 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 accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payments to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds ar return them to Borrower. If not applied earlier, such funds will be applied to the outstaiading principal balance under the Note immediately prior to foreclosure. No off5et or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instruznent or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, a11 payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Noce; (b) principal due under the Note; (c) amounts due under 5ection 3. Such payments sha11 be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and thean to reduce the principal balance of the Note. If Lender receives a payment froxn Barrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payrnent and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any paymant received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one ar more Periodic Payments, such excess may be applied ta any late charges dua. Voluntary prepayment5 shall be applied first to any prepayment charges az�d then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, af the Periodic Payments. 3. Funds for �serow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for; (a) ta7ces and assessments and other items which can attain priority over this Security Instrument as a lien or enenmbrance on the Praperty; (b) leasehold payrnents or ground rents an the Property, if aziy; (c) premiums for any and all insurance required by ]�ender under Section 5; and (d) Mortgage Insurazace 231003 NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �-6(NE) �oa�� Page4 of 15 in��ais:�. , „� . Form 3p28 11D1 �