201109127 - Laserfiche WebLink

Browse

201109127 BORIZOW�R COVENANTS tkat Borrower is lawfiilly seised of the estate hereUy conveyecl aild h�s the right to grant and convey t11e Proper�y aild tliat the Property is unericulnbe�ed, except for encuiilbrances of recorc�. Borrower warrants and will defentl generally the title to the Praperty against�11 clailns and demands, subject to any encumbrauces of record. THIS SECURITY INSTRUM�NT comUines uniforin covenants for national use ancl non-uniforin coven�nts wiC11 1ui�ited vaiiations by jurisdiction to constit�ite a ui�iform security iiistrumei�t cove�ing real property. Uniform Covenants. Borrower�iid Lender coveiiant aild agree�s follows: 1. Payment of Principal, lnterest, Cscrow Items, Prepaymenfi Charges, and Late Charges. Borrower shall pay wlleti due the principal of, and intet•est on, the debt evidenced by the Note and any�repayineilt charges and late charges dtie ul�der the I�]ote, Borrower s1i�11 also p�y fitnds for Escrow Ttoms pursuarit to Section 3. P�yments due under tlie Note anci this Security Iilstrument shall be made in U,S. curreiicy. IIowever, if any checic or other instrument received by Lender as payn�ent uncler the Note or this Security Ii7struinent is returned�o Lender unpaid, Lender znay require t11�.t aiiy or a11 subsee�uent payments due under the Note and this Security Instruinent be inade in one or inore of Ehe following forms, as selected by Lender: (a) cash; (b)inoney order; (c)certi�ed cheelc, banlc ehecic, treasurer's checic or cashier's checic, provide� any such checic is drawn upon an ii7stitution whose c�eposits are insurecl by a federal agency, instrt,unentality, or entity; or(d)�lectronic Funds Tr�sisfer. Payments are deemed received Uy Lender when received at the location designated in the Note or at such other location as�na�l�e designatecl by Lender in accorclance wi�h the noti'ce provisions in Section 15. Lender may return�ny payment or partial payinent if 11ie p�yment or partial p�yineiits ar�a insufficient to bring t1�e Loan current. Lender may accept any payme�zt or pal�tial payn7ent insufficient to br'rilg the Loan current, without waiver of any ri�hts hereunder or prejudice to iEs rights to safase stich paymen�or�a1�tYa1 payi��ents in the futu�'e, Uut T�ender is no�obligatecl to apply such paymants at the time such payments are �ccepted. If each Periodic Payment is �ppliecl as of its sclieduled due date, tlien Leilder need ilot pay interest o�i unap�lied Fitnds. Lender inay hold such Luiapplied funds until Borrower malces p�ymenis to bring the Loan current, If Borr�ower does not c10 so withiil a reasonaUle period of time, Lender shall either apply sucli fiinc�s or i�eturxl them�o Borrower, Tf not appliec�earlier, such funds wi11 Ue applied to the outstanding principal balance uilder the Note iinmecliately prior to foreclosure. No offset or claim which Borrower might have now or in the future ag�inst Lender shall relieve Borrower from inalcing payinents due under the Note and tlus Security Iiistrument or performing tke covenants and agreeil7ents sec�ired by this Security Instrument. 2. Application of Payments or Proeeeds. Except as otherwise descriUecl in this Section 2, all payii7ents accep�ed and applied by Lendei•s1i�11 be ap�liecl iii the following order of pz•iority: (a) interest clue under tlie Note; (U)principal due tiulder tlie Note; (c) �uiounts due�tncler Section 3. Such payments shall b��pplied to elch P'eriodic 1'ayment in the order in which it Ueca�ne due. Any re�naiiiitlg 1�nounts shall be applied�rst to late charges, seeond to any other alnotults clua ander tlus Security Tnsf�wllent, �and tl�en tn reduce tr�e principall�alance oP the Note, If Lender receives a�ayinent fl•oin Borrower for a delinquent Perioc�ic Payinent which iiicludes a suClicient asnount�o pay any late chaige due, �he payment snay�e ap�lied to the clelinqLient payment a�zd the late charge. If inore than oize Pei•iodic Payment is outstanding, Lender may apply any payment i•eceived fi•oin Borrower to the repayment of the Periodic Payments if, �nd to the extent th1t, each p�yment c�n be paid in fu11. To the exiEi�t that any excess exists after 'the payment is applied to the fitill paynient af one or more Periodic Payments, such excess in�y Ue appliet�to any late cllarges due. Voluntasy prepayinerlts sliall be applied tirst to aily prepayment charges and t11en as descriUed in the Note, 231230 NEBRASKA-Single Family-Fannie Mae/Pretldie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP pQ VMP6(NE)(1105) Wolters Kluwer Flnancial Services Page 4 of 17