201103055 - Laserfiche WebLink

Browse

201103455 THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdicrion to constitute a uniform s�urity instrument covering real property. UNIFORM COVENANTS. Bonower and Lender covenant and agree as follows: 1. Payment of Principal, Inter�t, Escrow Items, Prepayment Charges, and Late Charges. Bonower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late chazges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may rec}uire that any or all subsequent payments due under the Note and this S�urity Instrument be made in one or more of the following forms, as sel� by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn ugon an insriturion whose degosits are insured by a federat agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when rec:eived at the locarion designated ia the Note or at sueh ather Iocation as may be designated by Lender ia accordance with the noric� provisions in 5ection I5. I:ender ma� retiun any payment or partial payment if the payment or partial payments are insuff cient to bring the Lo�n cunent. Lenc�er may accept any payment or partial payment insufficient to bring the Loan current, without vvaiver of any rights hereunder or prejudice to its rights to refuse such papment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on �apglied fu:�ds. Lender may hold such unapplied func�s until Bvrrower makes paynzents to bring the Loan current. �f Borrower d�s not do so within a reasonable period of time, I.ender shall either apply su� funds or return them to Borrower. If not applied eartier, such fiucds will be applied to the outstanding principal balatm� under the Note immediately prior to forec2osure. No offset or claim which Borrower might have now or in the future against Lender shall reliev� Barrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Applic�tion of Payments or Proceeds. Except as otherwise described in this Se.crion 2, all payments accepted and applied by Len�er sha11 be applied in the following order of priority: (a) interest due under the Note; (b) grincipal due under the Note; (c) amounts due under Secrion 3. Such payments shall be agplie� to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied fisst to Iate charges, se,cond to any other amounts due under tUis Secutity Instniment, and then to raduce the principal balance of the Note. If Lender re,ceives a payment from Borrower for a delinquetrt Periodic Payment which includes a sufficient ancount 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 apglied to the full payment 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 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 Escrow Items. Bonower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) ta�es and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiutns for any and all insurance required by Lender under Secrion 5; and (d) Mortgage Insurance NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) �ostt) Page4of 15 intciais: Form 3028 7/01 � � �� �