201500351 - Laserfiche WebLink

Browse

��15��351 �. Applicativnof Payments or Proceeds.Except as otherwise des�ribed in this Section 2, a��payments aecept�d and a�g��ed by I�ender shai�be applied in the fo��owing 4rder of priori�ty: (a)i�terest d�te un.der the Note; �b)principal due under the Note;�c}amounts due under Sectifln 3. Such paym�nts sha11 be applied to each Periodic Payment in�he order in which it became due.Any remaining am�un�shall be applied fust to late charges,second to any other amounts due under this Securit�Ins�rument,ant�th�n t�r�duce t�e � principal balance of the 1�Tote. If L�nder rec�ives a payment from Barrower far a delinquent periodic Payment which includes a sufficient amount to pay any late charge due,the payment may be app��ed to the d�l�nquent pay�ment and the late cha,rge. If more than ane Periodic Payment is outst�nding,Lender may apply any payment received from Borrower to the repayrnent of the Perivdic Pay��nts if,and to the�xten�t�hat,each payment can be paid in fu11. To the extent that any excess exists a#�er the payment is applied to the ful�payment of one or mare � P�riodic Payments, such excess may be applied to any�ate charg�s due,Voluntary prepayme�ts sha�l b� applied fu•st to an�pr�payment chaxges and then a��escribed in the Note. Any app�icat�on of payments,insurance proceeds,or Misce��ane�us Proceeds to principal due under the Note sha11 not extend or postpane the due da�eg or change the amount,v�the Periadic Payments. 3. Fundsfvr Escr�wr ltems.Borrower shall pa�to Lend�r on the day P�riod�c Payments are due under the Note,until the Note is paid in ful��a sum(the "Funds"}to provide for payment of amounts due f�r: �a}ta.xes and asse�sments and vther it�ms which can attain pri�rity over this S�curity Instzument as a lien or encumbrance on the Prapert�; (b)�easehold paymeats ar ground rents�n the Property, if any; (c)premiums for any and a11 insurance required by Lend�r 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 accardanc�with the pro�isions of Section 1�. The�e items are called"Escrow Items,"At orig�nation or at any time during the term of the Loan,Lend�r may r��u�e that Co��nity Association Dues,Fees,an�i Assessments, if any,b�escrawed by Borrower,and such dues, fees and assessments sha11 be an Escrow Item. Borro�ver shall promptly furnish to Lender a11 notices of amounts to be pa�d under this Section. Borrav�er sh�.11 pa�Lender�he F�ds for Escraw Items unless Len�er waives Borrower's ab�igation to pay . the Funds far any or a11 Escrow Items.Lender may�vaive Borro�er"s obligation to pay to Lender Funds for any or a11 Escrow Items at any time.Any such�vai�er may on�y be in wr�ting.In the e�ent of such waiver, Bflrrawer s�ia�l pay directly,w�hen and where payable,�he amounts due for any Escraw Items far which payment af Funds has been waived by Lender and, if Lender requires, sha11 furnish to Lender receipts evidencing such payment�vithin such time period as Lender may require. Borrower's�bligation to make such payments and to,provide rec�ipts sha��far all purposes be deem�d to be a covenant and agreeme�nt �ontained Yn this 5ecurity Instrument,as the phrase "eovenant and agreement"is us�d in Section 9. If Borrower is ob�i�ated to pay Escrow Items dir�ctly,pursuant to a wa�ver,and Borro�ver fails to pay the amount due far an Escraw Item,Lender may exercise its rights under Se�tion 9 and pay�uch amo�nt and Borrower sha11 then be obligated under Seetion 9 to repay to Lender any such amount. Lender may re�voke the wa�ver as ta any or all Escrovv Item�at any tim�by a notice given in acc�rdaace�vith Section 1�and, upon such revocation,Barrower shall pay to Lender a11 Funds,and in such amoun�s,that are then required under this Section 3. Lender may,at any time,collect and hold Funds in an amaunt�a)sufficient to permit Lender to apply the �unds at the��me specified under RESPA,and(b}not to ex�eed the maximum amaunt a lender can require under RESPA. Lender sha��estimate�he amvunt of Funds due an the basis of current data and reasonable estimates of expenditures of future Escraw Items ox otherw�se in accordance with Applicable Law, NEBRASKA�ingie Famiiy-Far�nie MaelFreddie Mac UIVIFORM INSTR�MENT WfTH MERS Form 3028 1141 VMP� VMPBA(NE�(1342}.Q� Wotters Kluwe�Finanoias Se�v�e� Pag�5 0#17 q�333427fiZ�1 �33 343 4517 ,.