Laserfiche WebLink
2UliQ�49� <br />7'HIS S�CURI1'Y INSTRUMENT coinbine5 unil'onn covenants fnr nationul use and non-unifotm <br />cuvenuntti with limited variat.ions by jurisdiction to constitute a unifi�nn security instrument covering real <br />property. <br />i_TNIFORM COVENANTS. Borrowcr and Lender eovenant and agree aG follows: <br />1. Payment of Principal, Interest, Fscrow Items, Prepaymcnt Charges, and Late Charges. <br />Botrower shall pay when due the principal of, and intcrest on, the deht evidcnccd by thc Notc and any <br />prepayment chargcs and latc chargeti due under the Nr�te. Bortower shall also pay Punds far Esctow Items <br />pursuanC lo Section 3. Payments due undcr the Note aud this Secr.trity Instnunent shall be tnade it� CJ.S. <br />currency. However, if any check or nther intitnunent receivecl by Lender as payment �uider the Noie or thiti <br />Sccurity ]nstn�ttaent iti returned to Lender unpaid, Lender inay reqt►ire that any or all subsequent payments <br />duc under the Notc and thiti Security In�trutne.nt he made in one or more ot� I.he lollowing lorms, a� <br />tielected by Lender: (a) cash; (b) money order; (c) certified check, hank ehcck, treasurer's check or <br />cashier'ti check, providcd any 5uch check i� drawn upon an institution whose deposils are insived by a <br />federal agency, instrumentality, or entity; or (d) T:Icctronic Fund� Ttan�fet. <br />Payment5 ute deemed received by Lender when reccived at tlze location designatcd in the Note or at <br />such other location as may be designated by Lcnder in accordance with the nptice provitiions in Section I S_ <br />Lender may return any paymenl or partial payment if thc payment or partial paymcnts are insufficicnt to <br />hring thc Loan cuttent. Lendet may accepl any payment or partial paymcnt insufficient to bring the Loan <br />eturent, withuut waiver of any tights hereunder or prejudicc to its rights to rcfiise such payment �r partial <br />paytnents in the future, but Lendet is nol obligaled to apply such �ayrncnts at the time such payments are <br />accepled. If each Petiodic Payment is applied as of its ticheduled due date, thcn Lendcr nced not pay <br />intere�t ��n unapplied Funds. Lender may hold such unapplied ftinds utrtil I3orrnw�r make� paymcnts tn <br />hring lhe Loan current. If $orrower docs not do so within a reationable peripd af time, Lendcr ahall either <br />apply such f�uid5 or return lhein to Borrower. Tf not a�plied carlier, such funds will he applicd to the <br />nut�ianding ptincipal balance under the Note inunediatcly pric�r to fi�reclutiure_ No offset or clairn which <br />Surtower might have now or in the fi�ture against Lcndcr tihaJl relieve Borrower fr��ni making payments <br />duc undcr the N��ie and thin Security Inslruanent or perfonving thc covcnants and agreements secured by <br />thiti Sccurity �n�trument. <br />2. Applic.�tiun of Payments or Procecds. Excepl as otherwisc described in this Section 2, all <br />paymcnts acceptea and aprlied hy Lendet shull he applied in the following order of priority: (a) intereyt <br />duc undcr the Note; (h) principal due under the Note; (c) amounts duc under Section 3. Such payments <br />shall he appliea tn each Peripdic Payment in lhe order in which it bccame due. Any remaining amounts <br />shall he applied first to late charges, second lo any other ainounts duc under this Security Instn�mcnt, and <br />thcn to rcduce the prit�cipal halance c�f the Noie. <br />If Lender receives a payment ftom Borrower f<�r a dclinqucnt Periodic Payment which includes a <br />sufficicnt a►xaount tn pay any late charge due, the payment may be applicd to the delinquent payment and <br />thc latc chargc. If more than nne Periodic Payment is outstanding, Lender may apply any pay�nent received <br />frnm T3nrrnwer to tlae repayment of ihe Periodic Payments if; and to thc cxtent that, each payment can be <br />paid in full. 7'n the extent that any excesy exisls aller lhe payment is applicd to the fi�ll payment of one or <br />m��re Periodic Payments, such excess may be applied to any latc charges duc_ Voluntary prepayments shall <br />be applied fir�t to any prepayment chatges and then as dcscribcd in the N��tc. <br />My applicution of payments, insurance procccds, or Miticellaneouti Praceed� ta princiral due undcr <br />the Note shall not extend or postpone the dti�e date, or chat�ge the amount, af the Periodic Pay.tnents. <br />3. Funds for Esero�V Items. I3orrowcr shall pay ta Lendet on the day Periodic Paymenis ate due <br />under the Note, until thc Nnte is paid in full, a aum (the "Funds") to provide fot payment of amounts due <br />for� (a) taxcs and assessments and ��ther items which can allain priority over lhis Security Inslrument as a <br />lien nr encumbtance on the Ptoperty; (b) leaseholcl payments or ground rents on the Property, if any; (c) <br />p:remiuzns fnr any and all inyurance required by Lender under Sectiotz 5; and (d) Mortgage Xnsurance <br />NEBRASKA- Single Family - FannieMae/Freddie Mac UNIFORM INSTRUMENT � ) � <br />�-6(NE) �oeii� Page 4 oF15 Initials: //1 /7 Form 3028 1/01 <br />�i—�-� <br />� �� <br />