201603207 - Laserfiche WebLink

Browse

2� 1 ��32�7 �. A�plic�tic�nof Pa�ments or ProCe�d�.Exc�pt as other�vise described�n thi� Sect�on�, a11 payments accepted and applied b�Lender s�all be applied in�he f�llowing ord.er of prior�ty: �a}interest du�under the Note; (b)principal due under the Note; �c}arnounts due ur�der Section 3. SuGh paym�nts sha�l b�applied to each Period�c Pa�ment in the order in�vh�ch it becan�e du�,Any remain�ing amaunts shall be applied first to late charge�, secand to an�other amounts due under this Security Instrument,and then to reduce the princ�pal ba�ance of�he 1�Tote. If Lender r�ceives�payment from.BorrQ��r fQ�a delinquent P��iodic�'a}��er�t�vh��c�.inc�u.t�es a sufficient am�unt to pay any late charge due,the payment may be applied to�h�d�linque�t payment and the late charge. If more t�an on�Periodic Payment is outstanding,Lender may apply any paymen�recei�ed fram Bflrro�er to the rep�a�ment of the Periodic�ayments if,ant�tv t�.�extent that, each paymen�t can be paid in fu11. To the extent that any excess exists after the pa�ment is appl�ed to the�u11 payment of one or more Periad�c Payme�.�s, such excess may be applied to any late charges due. �olunta.ry prepayments sha11 be applied first to any prepa�ment charges and then as�.eseribed in the Nate. Any application of payments, insurance proceeds,or Misce��aneous Pro�eeds to principal due under�he Note shal�nat extend or postpone the d�e date,flr change the amount,of the Peri�dic Payments, 3. F�ndsfor��crc�w�t�ms.Borro�er s�ia�l pay to Le�der qn the day Peri�dic Payments are due und�r the Note,u�.til the Note is paid in fu11,a sum(the "Funds")to pro��de for payment of an�aun�s due for: (a�ta.xes and assessments and other�tems which can attain priority over this Security Instrument as a lien or encumbranc�on�the Property; �b)leasehold payments vr groun.d ren.ts on the PropertyA if any; (c)premiums for any and a11 insurance required by Lend�r under Section 5;and�d}Il��rtgage Inst��a�nce p�emiums, if a�y, or any sums payable by Borrower to Lender in li�u�f th�payment of Mortgage Insuranc�premiums in accardance w�th�he pro�isions of Section ��. �These items are cat�ed"Escro�Items."At�rigination or at any time during the term�f the Loan,Lender may reqt�ire�h��amm�nity Asso�iation Dues,Fee�,and Assessments, if any,be�scro�ed by Sorrower,and such dues, fees and as�essments shall be an Es�ro� Item. Barrower shall pr�mptly furnish to L�nder aI�notices of amflunts�o be paid under�his Section, Borrawer sha11 pay Lender the Funds for Escraw Item�un�ess Lender�vaives Borro�er's abligation to pay th�Funds far any or all Escrow Items. Lender may t�raive Borro�ver's obliga�ivn to pay to Lender Funds far any or alI Escrow Items a�any tim�.Any such�vaiver may oni�be in wr�t�ng. In the e�ent of such waiverA Borrower shall pay directly,when and vvhere payable,�he amaunts due for any Escraw Item�for wh�ch payment of Funds has been�vai�ed b�Lender a�.d, if L�nder requires,s�aall f�r�n.ish to i�e�der receipts evidencing such payment�vi�h�n such time period as Lender may requ�re. Borro��r's abligatian to make such payments and ta pravide receipts shall for ail purpQses be deemed�a be a c�venant and agre�ment cantained in this Secur�t�Instrument,a�the pbr�se"covenant and agreement" is used in S�ction 9.If Borrower is obli�ated to pay Escr��v Items directly,pursuant to a wa�ver,and Bvrro�rer fai�s to pay th� amount due for an Es�r�w Item,Lender may�x�rcise i�s ri�hts under Sectian 9 and pay such amaunt and Borrower sha�l then be ob�igatec�under Section 9 to repa�to Lender any such am.ount. L�nder rriay revoke �he�vaiver a��v any or a11 Escrow Iten�s at an�time b�a notice gi�en in accardanGe with Sectio� �5 and., upon such revacation, Barrower shall pay�o L�nder all Funds,and i�such amounts,that are then required under this Secti�n 3. Lender may,at any time,col�ec�a�d hold Funds in an amount(a)sufficient to permit Lender t�apply the Funds at the tim�spe�ified under 1�ESPA,and(b}not to exceed the maximum amount a lender can re�uire under I�ESPA. Lender shall estimate the amount of Funds due on the bas�s�f current data and reasvnable es�ima�es of ex�endi�ures af future Escrow Items or otherwise in accordanGe with Applicable Law. NEBRASKA-Single Family-Fannie MaelFreddie Mac IJNIF4RM INSTRUMENT�11iTH MERS Form 3�28 114� VMP� VMP6A(NE](1342�.40 Walt�rs K��.rwer Financial 5�r►�ices Page 5 of 1� qfl3355355144 Q233 351 �517