201100197 - Laserfiche WebLink

Browse

2oiioo�� THIS SECURITY ]NSTRUMENT combines uniform covenants for national us� and non-uniform covenant5 with limited variations by jurisdiction to constitute a uniforna security instrument covering real property. UNIFORM COV�NANTS. Borrower and Lender covenant and agree as follows: l. Payrnent of Principal, Interest, Escrow ltems, Prepayment Charges, and Late Char�es. Borrower shall pay when due the principa] 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 fund� far Escrow Items pursuant to Sectian 3. Payments due under the Note and thi5 Security Instrument shall be made in U.S. currency. Hawever, if any check or other instrument received by Lender as payment under the Note or this 5ecurity Tnstrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and tliiti Security Instrument be made in one or more of the follawing fozms, as selected by LEnder: (a) cash; (b) money order; (c) certified check, bank check, treasurer' s check or cashier's cl�eck, provided any such check is drawn upon an institution wl�ose deposits are insured by a federal a�ency, iz�strurnentality, or entity; or (d) Electranic Funds Transfer. Payments are deem�d received by Lender when received at the 1ocation designated in the Note or at such ather location as may be designated by Lender in accardance with the notice provisions in Section 15. Lexader may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or parCial payment insufficient to bring thc Loan current, without waiver af any rights hereunder or prejudice to its ri�hts to refuse such pa.yment or partial payments in the future, but Lender is not obligated to app]y such payments at the time such payments are accepted. If each Periodic Payrnent is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Barrower makes payments tc� brin� the Laan current. Tf Borrawer does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Sorrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to fareclosure. No offset or claim which Barrower might have now or in the future against S.ender shall relieve Borrower frorn making payments due under the Note and this Security Instrument or perfortning the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except aa otherwise described in this Section 2, al� payrnents accepted and applied by Lender shall be applied in the fol1owing order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amaunts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. if Lender receives a payment from Borrawer 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 Fayment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payxnents 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 payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayznents shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for �scrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note ia paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this 5ecurity Instrument as a lien or encumbrance on the Property; (b) leasehald payments or ground rents on the Froperty, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mnrtgage Insuranc� 231034 NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �-6�NE) (0811) Page4 of 15 ini�iafs: Form 3028 1101 ° SL f�,