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201009719
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Last modified
12/27/2010 4:51:11 PM
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12/27/2010 4:51:10 PM
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DEEDS
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201009719
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2010�97�� <br />THIS SECURTTY INSTRUMENT combines uniform covenants far national use and non-uniform <br />covenants with limited variations by jurisdiction to constitute a uniform security instrument cnvering real <br />property. <br />UNIFORM COV�NANTS. Borrower and I.ender covenant and agree as follows: <br />1. Payment of Principal, Interest, Escrov�� 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 und�r the Note. Borrower shall also pay funds for Escrow Items <br />pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. <br />currency. However, if any check or other instrurnent received by Lender as payment under the Note or this <br />Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments <br />due under the Note and this Security Instrument be rnade in one or znore of the following forms, as <br />tielected by Lender: (a} cash; (b) money order; (cj c�rtified check, bank check, treasurer's dieck or <br />cashier's check, provided any such check is drawn upon an institution whnse deposits are insured by a <br />federal agency, instrumentality, or entity; or (d) Electronic Fund� Transfer. <br />Payments are deerned received by Lender when received at the location designated in the Note or at <br />such other lc7cation as may be designated by Lender in accordance with the notice pravisions in Section 1S. <br />I,ender may return any payment or partial payment if the paymcnt or partia] payments are insufficient to <br />brin� the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan <br />current, without waiver of any rights hereunder ar prejudice to its r'r�hts to refuse such payment or partial <br />payment� in the future, but Lender iG noi obligated to apply such paym�nts at the tinae such payments are <br />accepted. lf each f'eriodic Payment is applied aG oi its scheduled due dat.e, then Lender need not pay <br />interest on unapplied funds. Lender may hold suck� unapplied funds untzl Borrower makes payznent� to <br />hring the Loan current. lf Borrowcr does not da so within a reationable period of time, Lender shall either <br />appty such funds ar return them to Borrower. If not appl.ied earlier, such fi.inds will be applied to tne <br />outstanding principal Ualance- under the. Note immediately priar to fpreclosure. No offsei or clairn which. <br />Borrower might have now or in the future againsl Lender shal', relieve Sorrower from making pa.yments <br />due under the Note and this Security lnatrurnent or performing the covenants and agreements secured by <br />this Security Instrument. <br />2. Application of Payments az Proceeds. E�:cept as otherv��isc described in thi;: Section ?, al.l <br />pay7nents accepted and applied by Lender shall be applied ir_ tne following order of priority: (a) int�r�st <br />due under the Note; (b) principal due undex tk�e Note: (c) amounts due under Section 3. Such payments <br />shall be applied to eacl� Periodic Payment ixz the order in which it became due. Any remaining an�ount� <br />shal] bc applied first to late char�e5, second t.o any other arnounta due under this Security Instrument, and <br />then to reduce the principal balance of the NoCe. <br />Tf Lender recei`�es a payznent from Borrower for a delinquent Periodic Payment which includes � <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 oucstandin�, L.ender rnay apply any payment received <br />frozr� Barrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be <br />paid in full. '1"o th� extent that. any excesti exists after the payment. is applied to the full payment of one or <br />more Feriodic Payments, such excess may be applied to an}• late char�e� due. Voluntary prepayments ahall <br />be applied first to any prepayment cha� and then as described in the Nate. <br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principat due under <br />the Note shalt not extend or postpone the duc date. or change the axnount, of the Periodic Payments. <br />3. Funds far Escrow Items. Borrower shall pay to Lender an the day Periodic Payments are due <br />under the Note, until the Note is paid in full, a sum (the "Funds"1 to provide for payment of amounts due <br />for: (a) taxes and assessrnents and other items which can attain priority over this Security Instrument a.s a <br />lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Propert_y, if any; (c) <br />premiums for any and all insurance xequired by Lender under Section 5; and (d) Mortgage Insurance <br />� � z3�n�� <br />N�BRASKA - Singie Family - Fannie Mae/Freddie Mac UNIFORM IN57RUMENT <br />�-6(NE) (oett) Page4 of 15 �nitia� � Form 302$ 1161 <br />D <br />
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