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20��0000� <br />THTS SECURTTY INS'I'RUMENT cornbines uniform covenants for natianal use and non-uniform <br />covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real <br />property. <br />iJNIFnRM COVENAN"1 S. Borrower and Lender cov�nant and agree as follows: <br />1. Payment of Principal, Intcrest, Escrow Items, Prepayment Charges, and I.ate Charges. <br />Borrower shall pay when due lhe principal of, and interest on, the debt evidenced by the Note and any <br />prepayment charges and lale charges due under the Note. Borrower shall also pay funds F�r Escr�w ItemS <br />pursuant to Section 3. Payments due under the Note and this Security Tnstrument shall bc made in iJ.S. <br />currency. However, if any check pr other instrument received by T.ender as payment under the Nate or this <br />Se�urity Instrument is returnt�d tp L.ender unpaid, Lender may require that any or all subseyuenl payments <br />due under the Note and this 5ecurity Tnstrument be made in one nr mc�re of the following forms, as <br />selected by I.endcr: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or <br />cashier's check, provided any such check is drawn u�an an institution whose deposits are insured by a <br />federal agency, instrumentality, or cnlity; or (d) Elet;tronic Funds Transfer. <br />Paynients are deemed reccivcd by I,ender when received at the location designated in the Note or at <br />such other location as may be designated by Lender in accordance with the notice provisions in Section 15. <br />L.ender may return any payrncnt or partial payrnent if the payment or partial payments are insufficient to <br />bring the �,oan current. Lend�r rn�y accept any payment or partial payment insufficient to bring the Loan <br />current, without waiver of any righls hcreundcr or prejudice to its rights to refuse such payment or partial <br />payments in the future, but L.c:nder is not obligated tn apply such paynnents at the time such payments are <br />accep�ed. If each Periodic Payment is applicd as of il5 schedulc:d due date, the❑ Lender need not pay <br />interest on unapplied f'unds. Lender may hold such unapplicd funds until Borrower makes payments to <br />bring the Loan current. Tf 13orr�wer docs nat da so wilhin a reasonable period of tirne, Lender shall either <br />apply such funds or retum them to Borrowcr. If not applied carlic:r, such funds will be applied to the <br />outstanding principal balance under the Note irnmediately prior to foreclosure. No offset or claim which <br />Borrower might have novv or in the future against Lender shall relieve Borrower from making payments <br />duc undcr the Not� and this Security Tnstrument or perfomiing the covenants and agreements secured by <br />this Sccurity Instrument. <br />2. Applicatian of Fayments or Proceeds. Except as otherwise described in this Section 2, all <br />payments acc�pCed and applied by Lender shall be applied in the following order of priority: (a) interest <br />due under khe Nokc;; (b) principal due under the Note; (c) amounts due under Section 3. Such paymenls <br />shall he applied to each Periodic Yayment in the order in which it became due. Any rcmaining amc�unls <br />shall be applied first to late charges, second to any other amounts due under this Security Instrumcnt, and <br />then to reduce the principal balance of the Note. <br />If Lender receives a payment from Borrower for a delinquant Periadic Payment which includes a <br />sufficient amount to pay any late charge due, lhc: payment may bc: applied fca the delinquent payment and <br />the late charee. If more than one Periodic Payment is outstanding, Lender may apply any payme.nf reccivcd <br />from Borrower to the repayment of the Periodic Payments if, and to the extent lhat, each payment can be <br />paid in full. 'lo the extent that any excess exists after the payment is applied tc� the full paymcnl of one or <br />inore Periodic Yayments, such excess may be applied to any late charges duc. Voluntary prcpaymcnts shall <br />be applied first to any prepayment charges and then as described in the NotG. <br />Any application of payments, insurance prc�cecds, or Miscellancous Prac:�eds Ca principal du4 undcr <br />the Note shall not extend or postpone the due date, or change lhe amount, of thc Pcriadic Paymenls. <br />3. Funcls for Escrow Items. Borrower shall pay ta Lender on the day Periodic Payinents are due <br />undcr lhe Nat�, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due <br />for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a <br />lien c�r encumbranc� on the Property; (b) leasehold payments or ground rents on the Yroperty, if any; (c) <br />premiurns for any and all insurance required by Lender nnder Section 5; and (d) Mortgage Insurance <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-6(NE) 1oa� �) Pe 4 of i 6 inrosis:"�� Form 3028 9I09 <br />