201501912 - Laserfiche WebLink

Browse

��15�191� Loan current,without vvai�er of any ri�hts hereunder or prejudree to its�ights to refuse su�h payment or partial�ayments in the future,but Lender is not obligated t�apply such payments at the ti.me such pa�nents are a�cepted. If each Periodic Payme�t is applied as of�ts scheduled due date,then Lend�r need nat pay interest vn unapplied funds. Lender may hold such unapplied funds until Borrovver makes pa�ments tv bring the Loan current.If Bvrrov�er d��s nat do so within a reasar�able peri�d oftime,L�nder shall either apply such fund��r return them to B�rrovver.If not applied earlier,such funds v�ill be applied to the outstanding pru�cipal balan�e under the Note immediate�y prior ta fvr�closure.No�f�set ar�laim �hich Borro�er might have n�w vr in the future aga.inst Lender sha�l rel�eve Borrovv�r from making payrnents due under the Note and this Secur�ty Instrument or perfarmin�the covenants and agr�em�nts �e�ured b�this Security Instrument. �. Applicatian of Payments or Proceeds. Ex�ept as�therwise described in this Section 2,all payment�ac�pted and applie�b��er�t�er shall�be app�ied in the following order of priority: �a�interest due under the Note;�b}principal due under the Note;(c�am�unts due und�r Section 3. Su�h paym�nts shal�be applied�o each Period�c Payrnent in the order in v�hich it became due.Any remaining amounts sha�1 be applied first ta late charges, sec�nd to any other amvunts due under th�s Security Instrument, and then to reduc�the principal balance af the Nate. I�Lender receives a payment from Borrav�er for a de�u�quent Periadic Fa�ment�rh�ch inc�udes a suff'icient amvunt to pay any Iate charge due,the pa�ment rnay be applied ta the d�linquent payment and th�late charge.If m�re than one Periodi�Payment is autstanding,L�nder nnay apply ax�y payment r�ceived fr�m Borrower to the repayment of the P�riodic Payments if,and to the extent that,each payment can b�paid in fu��.T�the extent that any excess exists after the payment is app�ied to the full payrnent af�ne or m�re Periodic Payments,such excess may be applied to any late charges due.Vo�untary pr�payments shall�e applied�rst t�any pre�ayment charges and then as described ir�the Note. Any application�f p�.yments,insurar�ce proceeds,ar Miscellaneaus Fro��ed�to principal due und�r the Nate shall not extend or p�stpone the due date,or Change the amount,of the Periodic Pa�ments. 3. Funds for Escror�ltems. Barrovver shal�pay to L�nd�r an the day Periodi�Payments are due under the Note,unt�l the N�t�is paid�n fu1�,a sum(the"Funds"�to pravide for payment of amounts du� for: �a}ta.xes and a.ssessments and oth�r item�v�rh��h can attaain priority over this Security Instrument a� a lien or encumh�ance on the Property; �b}�eas�hvld payments or ground rents on the Pr�perty,if an�; �c}premiums f�r a.ny and all�nsurance r�quired by Lender under��ct��n 5;and�d}Mortgage Insurance premiums,if any,or any sums paya��e by Borrower to Ler�der�n lieu af the paym�nt af Mortgage Insurance premiums in accordanc�v�ith the provisions of Secti�n 1�. These item�are cal�ed"Escrov�r Items."At ariginatian or at any time during the term of the Loan,Lende�r may require that�ommunity Association Dues,Fees,and Ass�ssments,if any,�e escrowed�y Borrawer,and sueh dues,fees and assessments sha1��e an Escravv Item.Borrov�rer sha1�promptly furnish to Lender a,ll nat��es of am�unts to be paid.under this Section.B�rrow�r shall pa�Lender the Funds for Escrow Items unless Lender wa�ves Borrovv�r's abligation t�pay the Funds f�r any or a11 Es�row Items.Lender may waive Borrawer's obli�ation to pay tv Lender Funds for any or a11 Escrov�It�ms at any time.�ny su�h�raiver ma�only be�n v�riting. In the�vent�f su�h wa�ver,Borr�wer shall pay directl�,�rhen and where payable,the am+�unts due for any Escr�w Items for vvhich payment vf Fwnds has been waived by Lender and,if Len�er requires,sha�1 furnish tv Lender rec�ipts evidencing such pa�m�nt wxthin such time period as Lender HCF�-00359 NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIFnRM INSTRLIMEIVT Form 30281I0'� VMP� b�113 Wolters 14fuwer Financial 5ervice� 241d05094.'i.7,26B9-J20131[329Y Page 4 0#17 "7174'I 2114�17*