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201009679 <br />THIS SECURITY INSTRUM�NT combines uniform r.ovcnants far national use and non-uniform <br />covenants with limited variations by jurisdiction to constitutc a unifornx security instrument covering real <br />property . <br />LJNIFORM COVENANTS. Sorrower and I,ender cov�nant 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 of, and interest on, the debt evidenced by the Note and any <br />prepayment charges and late charges due under the Note. Borrower shall also pay funds far Escraw Items <br />pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. <br />currenc:y. IIUw�v�r, if any check or other instrument received by I.cnder as payrnent under the Note or this <br />Security Instrument is retumed to Lender unpaid, Lender may require that any or all subsequent payments <br />due under the Note and this Security Instrurnent be made in one or more of the following forms, as <br />selected by T.ender: (a) cash; (b) money arder; (c) certified check, bank check, treasurer"s check or <br />cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a <br />federal agency, instrumcntality, ar entity; ar (d) Electronic Punds Transfer. <br />Yayments are deemed re:ceived by I.ender when received at the location designated in the Note or at <br />such other location as may be designated by Lenaer in accardance with the notice pravisions in Section 1S. <br />Lender may return any payment or partial payment if the payment �r �artial payments are insufficient Ga <br />bring the Loan current. T,ender may accept any payment or partial payment insufficient to bring th� Lqan <br />current, without waiver of any righks hereunder ar pr�judic� to its rights to refuse such payment or partial <br />payments in the futurc, bul I,�nc��:r is not abligated to apply such payments at the time such payments are <br />accepted. If each Periadic Payrnent is applied as of its scheduled due date, then T.ender need not pay <br />intcrest an unapplied funds. I.ender may hold such unapplied funds until Borrawcr makes paymcnts to <br />bring ths Laan current. IF Borrower does not do so within a reasonable period of time, I,ender shall either <br />apply such funds ar retum them to Borrower. If not applied earlier, such funds will be appli�d ta the <br />outstanding principal balance under the Note immediately prior to foreclosure. No oFfset or claim which <br />Borrow�r might have now or in the future against T..ender shall relieve Borrower from making payments <br />due undear ihc NUIc and this Security Instrument or performing the covenants and agreements secured by <br />this Security Instrument. <br />2. Application of Payrnents or Proceeds. Except as otherwise described in this Section 2, all <br />payments acce�ted and applied by Lender shall be applied in the follawing order of priority: (a) interest <br />duc undcr the Nat�; (b) principal due under the Note; (c) amounts due under Section 3. Such payments <br />shall be applied ta each Periodic Payment in the order in which it became due. Any remaining ainounts <br />shall be applied first to late charges, second to any other amounts due under this Security Tnstrument, and <br />then ta reduce the principal balance of the Note. <br />If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a <br />sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and <br />the late charge. If more than one Periodic Payment is outstanding, T..ender may apply any payment received <br />from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be <br />paid in full. To the extent that any cxcess exists afier the payment is applied to lhc Pull �ayment of one or <br />more Peric�dic Payments, sach excess may bs applied ta auy lal� charges dus. Valuntary pr�paymcnts shall <br />be applied first to any prepayment charges and then as described in [he Note. <br />Any application af pay�nents, insurance proceeds, c�r Miscellan�aus Frac�eda ta principal du� under <br />the Note shall not extend cir past�ne the due date, or change the amount, of the Periodic Payments. <br />3. Funds far Escrow Items. Borrower shall pay to I,ender an the day Periodic Payments are due <br />under the Note, until the Note is paid in full, a sum (the "Funds") to pravide for payrnent of amaunts du� <br />far: (a) taxes and assessments and other items which can attain priority aver this Security Instrurnent as a <br />lien or encumbrance on the Property; (b) leasehold payrnents or ground rents on the Property, if any; (c) <br />premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-61N�) �osi i i Peee a or i� Initials FOI'l17 3Q28 1l01 <br />�a..� <br />