201402362 - Laserfiche WebLink

Browse

��14��3�� 2. Ap p l icat�o n�f Payments o r P rc�ceed s.Except as other�vise desc�ibed in t�is Sectio��, a�1 paymen.�s acc�pted and app�ied by L�nder sha11 be app��ed in the fo��ov�ing order of priority: �a�interest du�und�r th� Note; (b�principal due under the No�e; (�)amaunts due under�ection�i. Sueh payments shall be app�ied�o ea�h Periodic Pa��ment in the or�er in�vrvh��h it hecar�e due. An�remain�ng amounts shall be appli�d first to late charges, second ta any other amounts due under th�s Seeurity Instrument,and�hen to reduce the pr�ncipal balance af the�ote, If Lender r�cei��s a paymeri�from Borra�ver for a delinquent P�riodic Payment which in�ludes a sufficient amaun��o pa�ar�y�ate charge due,the payment may be app�ied to th�de�inquent�ayment and the late �ha�ge. If m�,or��han one Periodic Pay�nent is outstanding,Lender n�a��apply��y pa��ent rec�i��from Borrower to�he�'epa�ment of the Periodic Payments if,and to the exten�that, each paymen.t can be paYd�n fu��. To the�xtent that any excess exists after the payment is applied to the fu��payment of��.e or more Period��c�'ayments, such e�cess may�e applied to any�ate c�.arge�due.Volunta�y prepayments sha��be applied first to any prepaymeat charges�nd then as described in th�Not�, Any ap�lication of pa�ments,insurance proc�eds,or Misce��an�ous Procee�is to principal due under the Note shal�no�extend or pastpone the due date, or change the amoun�,of the Periodic Payments. 3. Fundsfor�scr�ow items.Borrov��r sha��pay to Lender on the da}�Period�c Payments are due under the Nate,un��l the N�te�s paid in fu�i,a sum�the "Funds")to provide far�ayment�f amounts due far: (a}taxes and assessr�ents and�t�.�r i�ems�r�.ich can attain priority o�er this Security Xnstrument as a lien or encumbranc�an the Property; �b)leaseho�d payments�r�round rent�on the Property, if any; (c}prerr�iums for any and aI�insurance required by L�nder under Se�tion 5;and�d}Mortgage�nsuraace premiums, if any, or any sums payable by$orrower to i.ender in�ieu of the payment of Mor�gage Insuranc�premiu�ns in accordance with the�arov�sions af Section �D. Th�se items a.re ca��ed"Escrow Items."At originatio��r at any time dur�ng the�erm of the L�an, Len�er may requu'e�hat Gommunity Association I3ues,Fees,and Assessments, if any,be escrQwed by Borrnwer,and such dues, fees and assessments�hall be an Escrow Item, �orrv�er s�a��prornptly fur�n�is�to�.er�der al�not�c�s of ama�n�s��be gaid under this Secti�n. Barro�ver shall pay Lender the Funds for Escrow Items un�ess Lender waives Borrower's obli�ation to pay the Funds for any or a�t Escro�v Items. Lender may tivai�ve Barra�er's abligat�on�o pay to Lender Funds for an�ar all E��raw�tems at an�time. Any such�vaiver ma�only�e in�vriting. �n t�ie event af such wai�er, Borrower sha�l pay directly,when and�h�re�ayable,the amounts due for any Escr�w It�ms for which payment of�unds has been�vaived by Lender and, if Lender requires, shal�furnish ta Lender receipts e�id�nci�ng such�aymen�wi�hin suc�.time period a�Lender may require. Borro�rer's obligation to make such payments and�fl provide receipts shall fa�al1 pu�pases be dee�xxed to be a ca�enan�.and a.greement �anta.ined in�his Security Instrument,as the phra�e "co�enant and a�reernent" is used in Sectian 9. If �orrower�s ob��gated to pay Escro�v Items direct�y,pursuant�o a waiver,and Borrower fails to pay the amou��t due�or a�.Escrov�Ite�, Lende�may exerc�se its rights under Section 9 and pa�such amaunt and� Borravver sha�i then be abl�gat�d under Sectian 9 to repay to Lender any such amoun�. L��xder ma�rev�k� the waiver as to any�r all Escrov�Items at any time by a notice gi�en in accordance wi�h S�ct�an �5 and, � upvn such revocation,B�rrower shal�pay ta Lende�r a11 Funds,and�a such amoun�s,that are then requ�r�d under�his�ection 3. Lender ma�r,at any�ime,�oll�ct and ht�Id F�ands in an arr�ount�a}st�fficier�t tfl permit Lender to app��th� Funds at the time specified under RESPA,and(b)not to exceed the maximum amount a lender can require under RE�PA. Lender shall estima�e th�arnount af Funds du�on the basis of current data and reasonab�e est�mates of�xpe�ditures fl��'utu.re Es��ov�Items or otber�is�in acGar�ance with�pplicab�e Law. NEBRASKA-Si� le Famil-Fannie MaelFr�ddie Mac UNfFORM lN5TRUMENT WITH MERS �� For�3a2B 1141 IIMP C� � � � VMPSA[NE {1342.0� Wolters Kluwer F��ancial 5enrices Page 5 of 17 q(]33�481172fi Q233 354 4517