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201100187
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1/11/2011 1:10:05 PM
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1/11/2011 1:10:04 PM
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DEEDS
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201100187
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����V����� <br />TH[S SECURITY INS'I'RUIVIENT combineti uniforna cov�nants for national use and non-uniform <br />covenants with limited variation� by jurisdiction to constitute a unirorm security instrument covering real <br />property. <br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: <br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. <br />Borrower shal] pay when due the principal of, and interest on, the debt evidenced by the Note and any <br />prepayment cha� and Iate chargeti due under the Note. Borrawer Shall alsc! pay Funds for Escrow Items <br />pursuant to Section 3. Paynlents dve under the Npte and this Security Instrumenc shal] be made in U. S. <br />currency. However, if any check or other instrument reeeived by Lender as payment under thE Note or this <br />Security Instzwnent is returned to Lender unpaid, Lender may require that ar�y or all subsequent payments <br />due under the Note and this Security Instrument be made in one or rnore of th� following farrns, as <br />selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or <br />caahier' s check, provided any such check is drawn upon an institution whose deposits are insured by a <br />federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. <br />Payments are deemed received by Lender when received at the location designated in the Note vr at. <br />such other location as rnay be designated by Lender in accordance �.vith the notice provisions in Section I S. <br />Lender may return any payment or partial payrnent if the payment or partial payments are insufficient tp <br />bring the Loan current. l.,.ender may accept any payment or partial pa}maent insuf�ciezat to bring the ].�oan <br />current, with��ut waiver of any rights hereunder or prejudice to its rights to refuse such payrnent or partial <br />payments in the future, but Lender is not obli�ated to apply such payments at the time such payments are <br />aecepted. Tf each Periodic Payment is applied as nf its scheduled due date, then Lender need not pay <br />interest on unappli�d funds. Lender may hold such unapplied funds until Borrower rnakes payments to <br />bring the Loan current. If Borrower does not do so with�in a reasonable period of time, Lender sha11 either <br />apply such funds or return them to Borrower. If not applied earlier, such funds will be applied tc� the <br />outstanding principaJ balance under the Nate immediately pripr to forecla5ure. No offset or claim whicli <br />Borrower might have now or in the future against Lender shall relieve Barrower from making payznents <br />due under the Note and this Security Instrument or performin� the covenants and agreements secured by <br />this Security Instrurnent. <br />2. Application of Payments or Prpceeds. Except as otherwise described in thi5 Section Z, all <br />payments accepted and applied by Lender sliall be applied in the following order of priarity: (a) interest <br />due under tl�e Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments <br />shall be applied to each Periodic Payment in the order in which it becarne due. Any remaining amounts <br />shall be applied first tc, ]at.e charges, second to any other amounts due under this Security Instrument, and <br />then to reduce the principal balance of the Note. <br />If Lender receives a payment frorn Borrower for a delinquent Periodic Payment which includes a <br />sufficient amouz�t 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 Paymez�t is outstandin�, Lender may appIy any payment received <br />from Borrower to the repayment of the Periodic Payments if and tc3 the extent that, each payment can be <br />paid in full. To the extent that any excess exists after the payment is applied to the full payment of qne or <br />more Periodac Payments, such excess may be applied to any late charges due. Voluntary prepayments sha11 <br />be applied first to any prepayment charges and then as described in the Note. <br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under <br />the Note shall not e�tend or postpone the due date, ar change the amount, of the Periodic Payments. <br />3. Funds for Eserow iteims. Borrower sk�all pay to Lender on the day Periodic Payznents are due <br />under the Note, until the Note is paid in full, a sum (the "Funds"} to provide for payment of amonnts due <br />for: (a) taxes and assessments and other items which cau attain priority over this Security Instruznent as a <br />lien or encurnbrance on the Property; (b) leasehold payments 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 />231030 <br />NEBRASKA - Singie Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-&���) ( 0811 ) Pa9ea or �s Initial Form 3028 1101 <br />m <br />�� � <br />
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