201604041 - Laserfiche WebLink

Browse

2� 1 ��4�41 �. �Applicationaf Payments or Prc�ce�ds.Except as o�herwise described in this Sec��on�, a11 payments accepted and a�plied by Lend�r shalt be applied in�he follov�ing o�der a�pri��i�:�a}interest due under the Note; [b}princ�pal due uader the Nate; (c)amounts due under Section 3. Such payments�ha1�be appl�ed to each 1'er�odic Payment in the order in whieh�t became due.Any r�maining am�unts sha�1 b�applied first to la�e charg�s,second to any�ther amounts due und�er this Secur��ty�nstrument,and th�n to reduce the pr�nc�pal balanc�of the Not�. If Lender receives a payment from I3�nower for a dei�nquent�'erivd��Pa�m.e�t whi�h�ncludes a sufficient amount to pay any late Gharge du�,the p�.ymen�may be�.ppiied to the delinquen�payment and the lat� charge. If more than ane Periodic Payment is out�tanding,Lender ma�apply any payment received from Borrower to the repa�ment af the Periodic Payrnen�s if,and��t��he exte�t th��, eac�payment can be paid in full. To th.e extent#hat any excess exists aft�r the payment is app�ied to the fu11 payment of one or more Period�c Payments, such excess ma�be ap�lied to an�late�harges due.Volunta.ry prepa�ments�ha11 be applied f�.rst ta any prepayment charges and then as c�escribed in th�No�e. Any application of payments, insurance proc�eds,or Miscellaneous Proceeds to principal due under the Note sha11 not extend or postpone the due date,or�hang�the amount,vf the Periodic Payments. 3. Fundsfor E�erow Items.Borrower shall pay to Lend�r on the day Peri�dic Payments are due under�he l�ote,until the Note is paid in fu11,a sum�the"Funds"�to provide for payment of amounts d�.�for: (a}taxes and assessm�nts and other i�ems which can attain priority over this Security Ins�rument as a lien�r encumbr�.nce on the property; (b}leasehold paymen�ts or ground rents on the Propert�r, if any; (c�premiums for any and a11 insurance required by Lend�r under S�c�ifln 5;and�d}Mortgage Insurance prerniums,if any, or any sums payable by Borro�ver�o Lender in lieu of�he payment of Mortgage Insurance pre�niums in a��ordance w�th the pro�isions af Section 1�. These items axe called"E�craw Items."At arigination or at a�y time�ur�ng the t�rm of the Loan,L�nder may requu�that Cvmmunity A�so�iatian.I)ues��ees,and Assessments, if an�,be eScrowed by Borrower,and such dues, fees and assessments sha11 be an Es�ro�v Item, Borrawer sha��promptly furnish to Lender a11 notices of amounts to be paid under this Section. �orr��er shatl pa�Lender th.e F�nds f�r�scr�v��e�s un�ess Lender wai�es Borrow�r's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower'�obligation�o pay to Lend�r Funds for an}�or a11 Escrow�tems a�any tim�.Any such waiver may only be in writing. In the event of�uch tivaiver, Borrower sha11 pa��irectly,when and wh�re payab�e,the amounts due for any Escrow�tems�or which payment of Funds has been�ra��red by Lender and, �f Lender requires, sha�1 furni�h to Lender receipts evidencing such payment within such time peri��l as Lender may require. �orx'ower's obligation to rnake such pa}�ments and to provide reGeipts shall for a11 purposes be deemed to be a covenant and a�re�ment cantained in this Security Instrument,as the phrase "covenant and agreement" is used in Section 9. If �orrower is obligated to pay Escrow Items directly,pursuant to a waiver,and Borrawer fails to pay�he amoun�due for an Escraw Item,Lender may ex�rcise its r�ghts under Secti�n 9 and pay such amount and Borrower sha�l then be obligated und�r Section 9 tt�repay to Lender any such amount. Lender may revoke th�waiver as to a�.y ar a��Escrow Item�at any time b�a notice given in accardance with Section I S aad� upon such revocation,Barrower sha11 pay to Lender a11 Funds,and i�a such amounts,that are then required under this Section 3. Lend�r may,at any tim�,collect and hold Funds in an amount�a}sufficient t�permit Lender to apply th� Funds at the time specified under RE�PA,and�b)not to exceed the maximurn amount a lender can require under RESPA. Lender sha��estimate the amount of Funds due on the basrs of current data and rea�onab�e es�rmates of expendi�u.res of future Escrow�tems or otherwise in accordance with Ap��cabte La�v. NEBRASKA-Single Family-Fannie MaelFreddie Mac UNiF�RM INSTRUMENT WITH MERS For�m 3428 1IQ1 VMP� VMPfiA�NE�(13D2j.(� Wolters Kluwer Financial Services Pag�e 5 of 17 q4335744$�45 �233 275 �517