201100177 - Laserfiche WebLink

Browse

2a��oo��7 THIS SECURITY IN$TRUMENT cambines unifarm cavenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uxuform security instrurnent covering real property. UNI�ORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower 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. Borrawer shall also pay ftutds for Escraw Items pursuant to Section 3. Payrnents due under the Note and this Security Instrument shall be made in U.S. currency. Hawever, if any check ar other instrument recEived by Lender as payment under the Note or this Security Instrurnent is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be rnade in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, Creasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrurnentality, or entity; or (d) Electronic Funds Transfer. Payrnents are deemed received by L.ender when received at the locaCion designated in the Note or at such other location as rnay be designated by Lender in accordance with the notice provisions in Section 1S. Lender rnay return any payrnent or partial payment if the payment or partial payments are insuf�cient to bring the Loan current. Lender rnay accept any payment ar partial payrnent insufficient ta bring che Loan current, without waiver of any rights hereunder ar prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated tn apply such payrnents at the time such paymencs are accepted. If each Periodic Payment is applied as of its schedWed due date, then Lender need not pay interest on unapptied f►u�ds. Lender may hold such unapplied funds until Borrower makes payments to bring the Loan currern. If Borrower does not do so within a reasonable perioci of time, I,ender shall either apply sach funds or rettun treem to Borrower. If not applied earlier, such funds wiIT be applied to the outstanding principat balartce under the Note immediateIy prior to foreclosure. No offset or claitn whieh Borrower might ha�e �w or in the future against Lender shall relieve Borrower fram making payments due un�er the Note and this Secuciky Ix�strt�r►�enk ar performing the cavenants and agreements se�ured by khis Secttrity I�str��nt. �. Appii�cation of P�►yn�e�ts cyr �. Eacept as otherwise described in chis Section 2, all paynnents accepted az►d app[ied by Lender shall be applied 'zn the following order of priority: (a) interest due unc�er the Note; (b) priz�cipa� due u�der the Note; (c) announts due uz�der Section 3. Such payments shall be a�plied to each Feriodic Payrnent in the order in which it became due. Any remaining amounts sha11 be a}�plied first to late chaz°ges, second to any othear amounts due under this Security Instrument, and then to reduce the pxincipal balance of the Note. If Lender receives a payment frorn Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment 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 payrnent of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as describ�d in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend ar postpone Che due date, or change the amount, of the Periodic Payments. 3. Itinds for Escraw Items. Borrower shall pay to L.ender on the day Periodic Payments are due undex the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessrnents and other items which can attain priority over this Security Instrument as a lien or encurnbrance on the Property; (b) leasehold payments or ground rents on the Froperty, if any; (c) prerniurns for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) roat tJ Page 4 af 15 i�rc�ais: � Form 3028 1/01 � w , -� /L..�� ��,