201605722 - Laserfiche WebLink

Browse

2� 1 ��5722 Payments are deemed recei�ed by Lender v�hen received at the location designated in the Note or at such other�ocation as may be designated by Lender in accordance with the notice pro�isions in Sect�an 15.Lender may return ar�y payment�r partial payment if the payment or partial payments are insufficien.t ta bring the L�an current. Lender may accept any payment or partial payment insuf�icient to br�ng the Loan current,without waiver of any rights hereunder or prejudice t�its rights to refuse such payment or partial payments ir►the future,but Lender is not obligated to apply such payments at the time such paymer►ts are accepted. If each Per�od�c Payment�s app�ied as of its scheduled due date, then Lender need not pay interest on unapp�ied funds. Lender may ho�d such unapplied funds until B�rrower makes payments to bring the Laan current.If Borrower does not do so within a reasonable period oF time,Lender shall either apply such funds or return them to Borrawer. If nat app�ied earl�er, such funds will be applied to the outstanding principal ba�ance under the Note immediately prior to f�reclasure.No ofFset or claim which Borrower might ha�e now or in the future against Lender shall relie�e Barrower from making payments due under the N�te and this Security Instrument or performing the co�enar�ts and agreements secured by this S�curity Instrument. 2. Application of Payments or Pro�eeds. Except as otherwise described in this S�ction 2, ali payments accepted and app�ied by Lender shall be applied in the following order of priority: �a}interest due under the Note; (b}principal due under the Nate;�c�amounts due under Sect�on 3. Su�h payments sha��be app�ied to each Periodic Payment in the order in which it hecarne due. Any remaining amounts shall be applied f rst to �ate charges,second to any other amounts due under this Se�urity Instrument,and then to reduce the principai balance of the Note. If Lender receives a payment from Borrower for a delinquer�t Periodic Payment which includes a sufficient amount to pay any�ate charge due,the payment may be applied to the deiinquent payment and the late charge. If more than one Periodic Payment is outstar►ding, Lender may app�y any payment recei�ed from Borrower to the repayment of the PeriodiG Payments if,and to the extent that,ea�h paymer►t can be paid in fu1�. To the extent that any ex�ess exists after the payment is applied to the full payment of one or more Periodic Payments,such excess may be applied to any late charges due. Voluntaxy prepayments shal�be applied f rst to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds,or Miscelianeous Proceeds to principal due under the Note shall not e�cter►d or postpone the due date,or change the amount,of the Periodic Fayments. 3. Funds for Escrow Items. Borrower shall pay to Lender�n the day Periodic Payments are due under the Note,until the Nate is paid in fu��,a sum (the"Funds"}to provide for payment of amounts due far: �a�taxes and assessments and other items whi�h�an atta�n prior�ty o�er this Security Instrument as a lien or encumbrance an the Property;(b} leaseho�d payments or graund rents on the Property, if any;�c}premiums for any and all insurance required by Lender u.nder 5ect�on S a and�d}Mortgage Insurance prem�ums, if any,or any sums paya b le�y Borrower to Len der in lieu of the a ment of Mort age Insurance premiums in accordance with the pro��si�ns of Section ��. pY � These items are catled "Escrow Item�."At origination or at any time during the term of the Loan, Lender may requ�re that�ammunity Association Dues,Fee�,and Assessme�ts, �f any,be esccowed by Borrower,and such dues, fees and assessments shall be an Escrow�tem.Borrower shall promptly furnish ta Lender all nat�ces af amounts to be paid under this Se�tion. Barrower shall pay Lender the HCFG-0�359 NEBRASKA-Single Famify-Fannie MaelFr�ddie Ma�UNtFQRM INSTRLIMENT F��8�� VMP� 04I16 11V4�Iters Itluwer Financial 5ervices 201�U82315.3.2.350�J2016U426Y Page 4 of 1l .� .