201407583 - Laserfiche WebLink

Browse

��14�7553 �. Appti�ationof Payments or Proceeds.Except as oth�rvv�se d�scribed in this Seetion�, a�l paym��xts accepted and applied��r�ender��ia11 be ap��ied in the following order of��iority: �a)interes�due�.nder the Nat�; (b)principa�due under the Note;�c}amounts due under Sectian 3, Such pa�m�nts sha11 be applied to each Periodic Payment in the order in which it becam�due.Any remaining amounts shall be applie�f�rst to �ate charges,seGand to any other am��n#.�due und�r th.is Security Instrument,and th�n to reduce th� principal balance of the Note. If Lender recei�es a payment from�orrower far a delinquent Feriodic Payment�vhich includes a s�ff cient amount to pay any late charge due,the payment may be applied to the delinquent paym�nt and the late charge. If more than one Per�odic Payment is autst�ndin�,Lender may apply any paymen�received from Borrower ta�he repa�e�xt of th�Pe�iqdic Payments if,a�d t4 the e�tent that,ea�ch�a�ment can be paid in fu�l, To the extent tha�any excess exists a�er the pa.yment is applied to the fu��payment of one or more Periodic Paymen�s, such excess may be applied to any late charges due.�oluntary prepayments sha11 be app�ied�'�rst�tfl an�prepay�ent charges and the�as descri�ed in the I�ote. Any application of payments, insuranc�proceeds,or Mis��llaneous Proceeds to princ�pal�ue under the Note sha11 not extend or pastpone the due date,or change the amoun�,of the Periodic Payments. 3. Fundsfor Eserow�tems.Barrawer shall pay ta Lender on the day Period�c Payments are due under the N'ote,unti�the Note is pa�d ia fu11�a sum(the "Funds"}to pra��de for payment of arn�unts due for: �a)taxes and asses�ments and other items which can attain priority�ver this��curity Instrument as a lien ar encumbrance�n�the Property;(b)leasehold paym��nts or ground rents on�he Froperty, if any; (c)premiums for any and att�nsurance requixed by Lender under Secti�n S;and(d)Mortgage Insurance premiums, �f any, or any sums payable by Borr�wer to Lender in�ieu af the payment of Mortgage Insuranc�premiums in accordan�e with the pro�isions of Section 1�. These item�are calied"E�crow Items."At origin�tion or at any time during the term of the Loan,Lender may require that�ommunity Association Dues,Fees,and �Assessments, if an�,be escrowed by Barrower,and such dues, fees and assessments shal�be an Escraw , rtem. Barrower sha11 promptly furnish�o L�nder a�1 notic�s of amau�ts�o be paid under this Section. Borrower sha11 pay Lender the Funds for Escra�v Items unless Lender waives�orrow��r's obli�atio�.to pay �he Funds for any or all Escrow Items,Lender may waiv�Barrower's�bligati�n to pay to Lender Funds for any or al1 Escro�v Items at any tim�.Any such�vaiver may only be in writing. In the event of such�aiver, �3�rro�ver sha11 pay c�irect��,�he�.and�h�re pa�able,the amounts due f�r any�s�ro��te�ns far which �ayment of Funds has been�vaived by Lender andA if Lender requir�s,shall furnish to Lender receipts evidencing such payment within such time p�riad as Lender rnay require. Borro�ver's obligation to make such payn�ents and to pro��de r�cei.pts sha11 far all purposes be deemed to be a cavenant an.d agreement conta�ned in�his Secu.rity Instrum�nt,as the phrase "cflvenant a�d agreement" is used in Section 9. �f Borrowex is obligated�o pay Escrtiw Items directly,pursuant to a�uaiver,and Borrawer fails to pay the amount due for an Escr��Item,Lender may exerc�se its rights un.der Section 9 and pay such�mount and �'3orrower sha11 then be obligated under Se�ti�n 9 to repay to Lender any such amount. Len�er may r�voke the�vaiver as ta any or a11 Escrow Items at any time by a not�ce given in accordance with Section 15 and, up�n such revocation,Barro�ver sha�l pay�o Lender al�Funds,and in such amount�,that are then required under this Section 3. i.�nder ma�,at any tim�,c�llect ax�t��ld�un�.�in an a.mount�a}suffiGi�nt to permit�.ender to app1�the Funds at the time specified under RESPA,and(b)n.ot to exceed the maximum amoun�a�ender can requue under RESPA.Lender shall estirnate the amount of Funds due on the basis�f current data and reasonable e�timates of expendi�ttres of future�scrQw Items�r ot�erwise in accordance with Applicabl�Law. NEBRASKA�i�gle Family-Fa�tnie MaelFr�dd�e Mac LINIFQFiM INSTRUMENT WlTH MERS Form 3q28 1101 VMP� VMRBA(NE)[1342}.44 Wolte�s Kluwer Finan�ial Services Page 5 of 17 q�33335�1145 ��33 �5� ��17