201402693 - Laserfiche WebLink

Browse

' ` ��14��93 . , � 2. Applicationof Payments or Proc��ds.Except as oth�rwise described in this Section 2, alI payments accep�ed and applied by Lender shall be applied in the following order of pri�rity: (a} interest due under the Note; (b}principal due under the Nvte; �c�amounts due under Section 3. Such payments shall be app�ied to each Periodic Payment�n the arder in��hich it became due. Any remaining amvunts sha11 be applied f�rst to late charges, second to any other amounts due under this Security Instniment, and then to reduce the �rincipal balance of the Note. If Lender recei�es a payment from Borr�wer for a cielinquent Period�c Payment which includes a sufficient amount to pa`r any late charge due, the paym.ent ma_y be applied to the delinquent payment and the Iate �harge. If more�han one Periodic Payment is outsta.nding, Lender may apply anv payment received frvm Borrower to the repayment of the Perivdic Payments�f, and to the e�tent that, each payment can be paid in full. To the e�tent that any excess exists after the payrnen�is applied to the full payment of�ne or more Periodic Pa`�ments, such ex�ess may be applied to any late charges due. Vo�unta�y prepayments sha11 be app�ied�rst to an_y prepayment charges and then as described in the Note. Any app�ication of�a_yments, insurance proceeds, vr Misce�lane�us Proceeds to principa.l due under the Note shall nat extend or postpane the due date, or change the amount, of the Periodic Payments. 3. Fundsfor Escrow Items.Borro��er shall pay to Lender on th�da�Periodic Payments are�lue under the Note, unti�the Note is paid in fu11, a sum(the "Funds"}to prvvide for payment af amaunts due for: �a�taxes and assessments and other items which can at�ain priority o�er this Security Instrument as a lien or encumbrance on the Pro�erty; �b} leasehold payments or ground rents on the Proper�y, if any; �c}premiums for any and a11 insura.nce required by Len�ier under Section 5; and�d}Martgage Insurance premiums, if an�T, or any sums paya�rle by Borrower�o Len�er in lieu of the payment of M�rtgage�nsurance premiums in accord.ance with the provisions�f Section ��. These items are called"Escrow Items." At origina�ion or at any time during�he term of the Loan,, Lender may require tha.t Cammunit_y Association Dues, Fees, and Assessments, if an�T,be escrowed by Borrvwer, ancl such dues, fees and assessments sha.11 be an Escrow �tem. Borrower shall promptl�r furnish to Lender a11 notices�f amounts to be paid under this Section. Borrower sha.�1 pay Lender the Fun�is for Escrow Items unless Lender w aiv�s�orrower's�bligation to pay the Funds far any� or a11 Escrow��ems. Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in wri�ing. In the event of such waiver, Bvrrower shall pay d�rectl�, when and�vhere payable, the amounts due for any Escrow Items far whi�h payment�f Funds has been wai�ed by Lender and, if Lender requires, sha11 furrush to Len�ler receipts e�idencing such payment with�n such time period as Lender may require. Borrower's ob�igatian to make such payments and to pro�•ide receipts sha1�for a�1 purposes be deemed ta be a co�enant and agreement �onta�ned in this SecurityT �nstrument, as the phra.se "co�en.ant and agreement" is used�n Section 9. If Borrower is obliga�ed to pa�-Escro��Items directly,pursuant to a wai�er, and Borrower fails to pay�he amount due for an Eserow Item,Lender may exercise its rights under Sectivn 9 and pay such amount and Borrower sha11 then be ob��gated under Section 9 t�repay t�Lender an_y such amount. Lender may re��ke the wai�er as to any or a11 Escrow-Items at any time by a nvtice given in accordance w�th S�ction 1� an�1, upvn such revocation, Barr�wer shall pay ta Lender all Funds, and in such amounts,�hat are then required under this Section 3. Lender may, at any�ime, collect and hold Funds in an amount(a} sufficient to permit Lender to apply the Funds at the time specified under RESPA, and(b} nvt to exceed the ma�imum amaunt a lender can require under RESPA. Lender sha.11 estimate the amoun�af Funds c�ue on the basis of current data and reasonable estimates af e�penditures of fu�ure Escrow�tems or otherwise in acc�rdance with Applicable Law. 106ANE Da0528088175 Aprif 21,2�14 12 53pm NEBRASKA-Single Family-Far�nie MaelFreddie Mac UNiF�RM INSTRIJMENT WITH MERS Form 3Q28 1101 VMP� VMP6A[NE)(1302}�Q Wolters Kluwer Financ�a!Services Pa9��