201100223 - Laserfiche WebLink

Browse

201100 451019237 instr�m�ent. All of ihe fore�;oing is referred to in this Security in5lrumenl as the "T'ro�erty." Borrower understlnds and agrees that MERS liold nnly leg ��l title to the interests granted by Borrower in this Security Instruincnt, but It I1CCC5581'y t0 C011l�)Iy with law or custoia�, M1iKS (us nomii7ee for Lei��ler and I_encicr'� succestiors �ind assi�ns) has the ri�ht: to exercise any or all nf thosc interests, including, but not limitcd to, thc right to forcclosc and scll thc I'roperty; and to lake any �iclion rcquirecl of Lentler including bul not lirnited to, releasin� and canceling this Security Instrurncnt. E30RROWER COVENANTS ihat Borrower is lawfully aeised of the estate hcreby convcycd 8I1CI I1�15 tI1C CI�,TIIt YO �,TPF1IlY and convey thc Prop�rty 21I1L{ YI18t tI1C PI'O[7CCty 15 LIIICI1Gll171I7C1'CCI cxccpt for cncumbrances of record. B��crower warrant� an�l will defcnd �enerally the title to the Property against all clairns and dernands, subject to any encwnbrances of rccord. THIS S�C,'iJRiTY INSTRUMLNT combincs uniform covcnants for national use and non-uniFonn covenants with lin�itcd variations by j�n to cnnslitute a ��niforrn security instruinent cuvering rcal property. iJNIFORM COVI:NANTS. Bnrrowcr and Lcnder covcn�uiC and agree as f'ollows: l. Puyment of Princil.� Interest, Escrow ltems, i'repaytnent Charges, and Late Cha�•�es. Borrowcr shall pay whei� due tlic priiicip of and interest on, thc dcbt cvidenced by tlle Note and ��ny prcpayment char�es and l atc ch�irgcs di.i� undcr thc Nole. Bon'ower shail also pay funds for Escrow iteins pursu�int to Seclion 3. Payinents duc undcr tl�c Note and this Security Instrumcnt shall be made in iI.S. currency. liowever, if any check or othcr instrument received by Lcndcr as payment i.indcr the Note nr this Sccurity Instrument is reh�rned to Lcndcr unp�iid, [,encier may rcquirc that �iny c�r all suUsequcnt paymcnts due under the Natc and this Security Instrurnent be i»ade in onc or more of the following forms, as selected by Lender: (a) cash; (b) money nrder; (c) certificd chcck, bank chr;ck, treasurer's chcck or cashier's clieck, provided any such eheck is drawn upon an institution whose deposits are insurcd by a fecler�l �t�ency, instri.imcntality, or entity; or (d) �lectronic Funds Transfer. Paymcnts are deemed reccived by Lcnder when received at tlic location dcsrgiiated in the Note or at such olhcr location as may bc dcsignated by Lendcr in accordance wifh lhe notice provisions in Scction 15. Lender may return any paymcnt or partial payment if the payinait or purtial payments are insufficicnt to bring the �,oan currcnt. Lcndcr may accept �ny payment or partial paymcnt insufficient to bri�ig thc Loan currcnt, withoG�t waiver of aiiy rights hereunder or prejudice to its rights to refusc such p�iymenf or partial payments in thc future, but I,en�ler is not obligatcd Co �l])])Iy SLICfI }7f1Y111CI1t5 at thc ti�Tie such paymcnts are accepte�l. if each Periodic Payment is applied as of its schcduled due date, thcn Lcndcr need nc�t pay interest on unapplied f�uids. Lendcr may hold such unapplied fiinds until I3orrower makes paymcnt to bring Ule Loan currcnt. If $prrower docs not do so witltin a reasonablc period of time, Lender shall citlicr apply such funds or rcti.irn thcm la f3orrower. If not applied earlier, such fLmds will be applied to thc outstanding principal bal fl[]CL' LI1IL�CT U1� NOTC IIT1111CL�I�ICCIy Il1 �0 foreclosure. No offsct or claim which Borrower mighl have now pr in thc fut�.ire against Lendcr shall relieve l3orrower from making payti�ents due undcr thc Note and this Security Instrument or perfi�r�nin� the covenants and agreements sccured by this Security Instcumcnt. 2. Application of Puyments or P�•oceeds. Lxcept as othcrwise described in this Section 2, all payments acccpted ai�d ap��lied by Lcndcr shall bc applied in the following order of priority: (a) intcrest duc under the Notc; (b) principal due under thc Notc; (c) amounts due undcr Scction 3. Such payments shall Uc applied to each Pcriodic 1'ayn�ent in the ordcr in which it iJOL'1111C dIIC. �Ily L'Clllilllllll� 11TlOUI1t5 SI1�.II I7C applieci frrsi to late chargcs, sccond to t�lny pther amounts due under this Security [nstruinent, and then to reduce t}ae principal balc,nce of khe Note. If Lcndcr rcccives a pay�uent from 13orrower 1or a clelinqucnt Ya•iodic Payment which includes a sufticient 81110LIIlt t0 ��ay any latc char�c duc, the payme�it inay bc applicd ta the delinqLient paymcnl and the 1 F3tC Cllal'�TC. I�1110C1; tf11t1 OI1C PCIlO(I1C Paymcnt is ouCstandin�, I..aidcr may apply any plyment rcccivcd From Borrower to the repayment af thc Ycriodic Payments if, and to the extenc that, each paymcnl can be paid in full. To tl�e extent [hat any cxcess e:xisls atter the paymcnt is a}?plied to thc full paymcnt of one or more Pcriodic Paymenls, s��ch excess inay bc applied to any l�ite charges due, Voluntary prc��ayn�ents shall be applicd tirst to any prepayment chargcs an�l then as described in thc Notc. Any application of payments, insurance procccds, or Miscell�neous Procceds to principal duc undcr tlic Note shall ��nt cxtcnd or postpone the duc date, or cliange the arnount, of thc Pcriodic Payments. 3. I� unds for F.scrow Items. Borrower shall ��y tp Lcnder on thc elay I'eriodic Plynicnts arc duc: under ihe Note, until the Note is paid in full, a sum (ihe "Funds") to providc for payn�ent of arnounts due for: (a) taxes nnd assessments and other NEBRASKA--Sin�lc �amily--f annic Muclf+'rcddie Mac UIVIFORM INSTRUMI?N'1' e�� 338.2 Pagc 3 0l' 12 Fnrm 302$ 1/01 �� ja ✓d� V�