201206814 - Laserfiche WebLink

Browse

20i2068�4 Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designa.ted by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan curtent Lender may accept any payment or pa,rtial payment insufficient to bring the Loan cunent, without waiver of airy rights hereunder or prejudice to its rights to refuse such payment 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 unapplied funds. Lender may hold such unapplied funds until Bonower makes payments to bring the Loan curren� If Borrower does not do so within a reasonable period of time, Lender sha.11 either apply such fitnds or return them to Bonower. If not applied eazlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might ha.ve now or in the future against Lender sha.11 relieve Borrower from making payment� due under the Note and this Security Instrument or performing the covenants and agreements , secured by this Security Instiument 2. Application of Payments or Proceeds. Except as othervvise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following 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 amounts shall be applied first to la.te charges, second to any other amounts due under tlus Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Bonower 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 Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the eactent that, each payment can be paid in full. To the extent that any excess exists a.fter 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 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. Bortower 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) taxes a.nd assessments and other items which can attain priority over this Security Inshument as a lien or encumbrance on the Properiy; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and a11 insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow Items." At origination or at any time during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be escrowed by Bonower, and such dues, fees a.nd assessments shall be an Escrow Item. Bonower sha11 promptly furnish to Lender all notices of a.mounts to be paid under this Section. Bonower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Bonower's HCFG-00359 NEBRASKASingle Femlly-Fannie MaelFreddie Mac UNIFORM INSTRUMENT Form 3026 1/01 VMP� 01/12 Wolters Kluwer Flnarxfel Servicea 20120B704.1.1.2336-J20120129Y Pege 4 oi 17 G