201507900 - Laserfiche WebLink

Browse

2� 15�79�� �. App�icationaf Payments vr Prc�ceeds.Except as other�rise described in this Section�, a��payments accepted and appl�ed by Lender sha11 be app�ied in�he following order of pr�ority: [a}intere�t due under the Nate;�b}principa�due und�r th�Note; (c)amounts due under SeGtion 3. Such payments sha�l be app�ied to each Feri�d�c Paymen��n the order in which it became due.Any rema�n�ng amounts shall b�applied fust to late charges,second to any other�mounts due under this Security�n.strum�n�,and then to reduce the principal balaac�of the Note. If Lend�r rec��ves a payment from Borrower for a delinquent Period�c payment which inclu�les a sufficient amount to pay any late charge due,the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outsta.nd�ng,Lender may appt�any payment r�ceived fram Borrower to#he repayment of the Periadic Payments if,and ta the ex�ent that,each payment can be paid in full. To the extent that any excess exis�s a�er the paym�nt is applied to the fuli paym�nt of one or more Periodic Payments, such exeess may be applied t�any�ate charges due.Voluntary prepayments sha11 be applied fust to any prepayment charges and then as descr�bed in the Note. Any app�icatian af payn�ents,in�urance proc�e�s,or M�sc�llaneous Froceeds to principal due under the 1�Tate sha11 not extend or postpon.e the due date,or change the amount,of the Periadic Payments. 3. Fundsfor Escrow Items.Borrower sha�l pay to Lender on the day�'�riodic Payments are due und�r the Note,untit the Note is paid in full,a sum��he "Funds"}to pr�vide for payment of amounts due f�r: (a)taxes and assessments and other i�ems which can attain priorit�over this Security Instrument as a lien or encumbran.ce an the Property; (b)Ieas�h�td payments or ground ren�s on the Property, if any;(c}premiums for any and all insurance required by Lender under Sec�i�n 5;and�d�Mortgage Insurance premiums, if any, or any sums payable by$orrawer to Lender in lieu af�he payment of Mortgage Insurance premiums in accordance with the provisions of Section ��. These items are called"Escrow Items."At origination or at any trme during the term of the Loan,Lender may require that�om�munit�Association Dues,F�es�and Assessments, if any,be escro�ved by Borrawer,and such dues, fees and assessments shall be an Escrow Item. Barrower sha11 pramptly furnish ta Lender a11 notices af amounts to be paid under this Section. Bonower sha11 pay Lender�he Funds for Escrow Items unless Lender�ai�e�Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive�orrower's ob��gation to pa�r to Lender Funds for any or a11 Escrow Items at any time,Any su�h waiver may only be in�riting.In the event of such�aiver, Borrower sha11 pay direct�y,when and�vhere payable,the amounts due for an}�Escrow Items for which payment of Funds has been vvaived by L�nder and, if Lender require�,shal�furnish to Lender receipts evidencing such payment within such t�me per�ad as Lender may require. Borrvwer's obligation ta make such payments and to provide receipts shall far a11 purposes be deemed to be a cov�nant and agreement co�tained rn this Security�nstrum�nt,as the phrase "co�enant and agreement" is used in Section�. if Borr�wer�s obligated to pay Escrflw Items directly,pursuant to a waiver,and I�orrower fails to pay the amount due for an Escravv Item,Lend�r may exercise its rights under Section 9 and pay such amount and B�rrower sha11 then be obl�gated under�ection 9 to repay to Lender any such amount. Lender may revflke the waiver as to any or al�Escro�Items�t any time by a notice given ia ac�ardance with Section �5 and, upan such revocatian,$orrawer sha11 pay to Lender a��Funds,and�n such amounts,that are then required under th�s Section 3. Lender may,at any time,catiect and hold Funds in an amount(a�sufficien�to permit Len.der to apply the Funds at the time specified under RESPA,and(b)not to exceed the maximum amount a lender can require under F�ESPA. Lender shall estimate the amount�f Funds due on th�basis of current data and reasonable �stimates of expenditures of future Escrow Items or otherwise in accordance�vith Applicable Law. NEBRASKA�ir�gle Family-Fannie MaelFr�ddie Mac UNIFQRM lNSTRUMENT WITH MERS Form 3428 11U1 VMR g IJMRFA[NE)[13U2}.04 Wolters Klwver Finan�ial Servlces Page 5 of 17 q�3347141Z50 D�33 4�� 4517