|
2� 1 ��7��2
<br /> L�AN#:1 fi�3EI1A1594�$
<br /> �. Appl��a�ivn of Payments❑r i�rviceetis. �xcept as otherwise d�scri�ed in this S�ctian�, al�
<br /> paymen��accepted and app�i�d by Lend�r�h�l�b�appli�d�n the following ord�r o�priari�y:�a}�nterest
<br /> �ue under th�IV��e;�b�prir�cipal due und�r the N�t�;��]am�unts du�und�r Se�tion 3.Such payments
<br /> shal!be aRpl�ed t❑�ach Periadic Paym�nt in#h��rdet�in whi�h i�be�ame du�.Any remaining amounts
<br /> shall be appli�d first to�at��ha�ges,secand�a any othe�amaunts due und�r this�ecurity Instrument,
<br /> and th�n fiv redu��the principal�alanc�a�the Nate.
<br /> lf Lender r�ceives a payment from B��-ravve�for a d�linquent PeriodiG Payment which incfudes a
<br /> suffi�ient amount to pay�ny 1�te ch�rge due,#he paymenf may io�app��ed ta the d�lin�u�nt paym�nt and
<br /> th�I�te charg�.If mar�than vne Perivdic Payment is autstanding,L�nd�rm�y apply any payment received
<br /> from Borrower to the r�paym�nt vf�h�P�riad}c Payr`n�nt�if,an�to th�extent that,�a�h payment can b�
<br /> paid�n full.To the�xt�nt that any ex�ess exists aft�r th�paym�nt is applied#Q th�full payment a�on�or
<br /> mare Periodic Paym�nts,such exce�s may b�ap�lied ta any I�t�eharg�s du�.Voluntary pr��ayments
<br /> shall he applied first to any p�epayment cha���s and then as d�sc��bed in the Nate.
<br /> Any applicatian af payments,insurance pr�c�e�s,or Miscellaneaus Proc���s t�principal due under
<br /> the Nvt�shal�not extend or postpane the due dat�,or ch�nge the am�unt,vf th�Periodic Payments.
<br /> 3. Funds for Escr�w Items.�3arrovuer shal�pay to Lender�n the day Periodic Payments are du�
<br /> under the Nat�,until th�N�te i�paid in fu�l,a sum�the"Fund�"}�a provide�vr payrnent vf amounts du�
<br /> far:�a}taxes and ass�ssments and�th�r items rnrhich c�n a#tain priority vv�r this Se�urity Instrument as
<br /> a lien ar encumbrance on the Prop�rty;�b��ea�ehvld pa�m�nts vr gr�und rsn#s on th�Pr�perty,if any;
<br /> �c)premiums for any and all insu�ance re�uir�d by Lender un�er�e�tian�;and(dy M�rtgage Insurance
<br /> premiums,if any,orany s�ms pay�bl�by�orraw��t�L�nder in iieu afthe paym�ntof Aliortgage Insuranc�
<br /> premiums in accardance with the provis��ns❑f S�ctian 9�.Th�se it�ms ar��alled"Escraw�tems."At
<br /> originatian or at any tim�durin�#he term�f the L��an,L��der may requ�re that Cvmmun�ty Assaciation
<br /> Dues,Fe��,and Ass�ssment�,if any,be e��raw�d�y BQrrQw�r,and sucl�dues,fees and assessments
<br /> sh�ll be an EsGraw it�m.B�rrower sh�il pramptiy furnish t�L�nder a�l not�ces af amaunts tv be paid under
<br /> this Sec�ifln. Bvrr�wer�ha�!pay L�nder tMe Funds for Escrow Item�unless L�nd�r waive�B�rrow�r's
<br /> obligafiion�o pay the Funds for an�or all�scrovrr�t�ms.L�nder may waive B��rower's ob��gativn ta�ay
<br /> tv Lender Funds for any o�ail Escr�w Items�t any time.Any such waiv�r may on�y b�in writing.In�he
<br /> ev�nt af such waiW�r, Borrawer shaf�pay directly,when and where paya�l�, the amaunts due fnr any
<br /> Escraw�tems for which payment vf Funds I�as be�r�waiW�d by Lend�r an�, if L�nder requires, sh�ll
<br /> fiurn�sh�o Lend�r r�ceipts evifl�ncin� such payment within �uch t�me p�ri�d as Lender may require.
<br /> Borraw�r�s olaligat�an�a mak��uch payments and t��rvvi�e re�e�pts sha�l fvr all purposes be deem�d
<br /> to b�a c�venant and agreement c�ntained in th�s�ecurity i n$t�umen#, as th�phra��"ca�enant and
<br /> agr�em�nt" �s used in SeGtion 9. �f g�rrow�r is abligated ta pa� E�cravv It�ms directi�, pursuant tv a
<br /> w��v�r, an� Borrvwer fails ta�ay the am�unt due fvr an Escrovu Iterro, Lend�r may exerc�se its rights
<br /> under Sectivn 9 and pa}r such amoun�and Barrower shall th�n be ob�igat�d under�ec#ion 9 t�repa�
<br /> ta Lender any Such�mvunt.L�ender may r��ake th�waiver as to any or all Escrn�v�tem�at any time by
<br /> a nvtic�given in ac�ordance with S�ctian 1�and, upan such r�vocativn, Barr�wer sha��pay to Lender
<br /> a�l Funds,and tn such�mounts,that are#hen r�qua�ed under�his Secti�n 3.
<br /> Lender may,at any time,�all�et and hvld Fund�in an amaunt�a}sufi�ici�nt ta permit Len�er to apply
<br /> the Fun�s at the time sp�cified under R�SPA,�nd�b}not ta�x�eed the maximurr�amvunt a lend�r can
<br /> requ�re under RESPA.Lender shall estimate t�e arrioun�of Funds due on th�b�s�s of current data and
<br /> reasonable�stimates af ex�endit�res affuture Escraw It�ms ar otherwi�e in a�cardance wi#h Applicable
<br /> Lavv.
<br /> The Funds shall be hel�in�n institutian whose���v�i#s are insured by afederal agency,ins�rum�ntality,
<br /> vr entity�ineluding Lend�r, if Lender is an�n�titutian wha��depvsits a�e sa in$ured}or in any F�deral
<br /> Home L�an Bank.Lender sha�i apply the Funds ta p�y th��scrow Items no fat�r than the time spe�i�ied
<br /> under R�SPA.Lender shal[not char��Bar�owEr for��Iding and app�ying the Funds,�nnually�n�lyzing
<br /> the e�crow a���ur��,or verifyir�g th�E�crov�r Items,unless L�nder pays Bvrravuer interest on the Funds
<br /> and Appiicabie Law perm��s L�nde�tv make�uch��har��. lJniess�n agre�ment is made in writfng ar
<br /> Ap�licable Law requi��s in#eres#t��e paid an�h�Funds,Ler�der sh�1!nat b�required tv pay Bvrrow�r
<br /> any interest ar earnings on the Funds.Barraw�r�nd Lender can a�ree in wri�ing,h�wever,that inter��t
<br /> shali b�paid on the Funds.L�nder shaf!give to Barr�wer,wi�haut cha�ge,an annu��aCGaunting o�th�
<br /> Funds as required by RESPA.
<br /> �f there is a surplus vf�unds h�ld ir� es�raw, as �efined under RESPA, L�nder shall account to
<br /> Bvrraw�r f�r the exc�ss fun�s in�ccc�rdanc��vith R E�R�.If t�ere is a$hartag��#Funds h�id in�seraw,
<br /> as defin�d under RESPa,L�nd�r shall natify Borrvwer as r�qui��d by RE�PA,and Barrower shal�pay ta
<br /> L�nder th�amount ne��ssary to maks up the sh�rtag�in accvrdanc�with RESPA,bu#in no mvre than
<br /> 1�monthly paym�nts.If#here is a deficiency of Fun�s held in es�row,as def ned under RE�PA,Lender
<br /> shaf!natify B��-rvwer as required�y RE�PA,and Barr�w��shall pay�o Lend�r the amaunt nec�ss��y
<br /> to make up th�deficiency in acGordanGe with RESPA, but in n�m�r�thar��2 m�nthly payments.
<br /> t�pon payment in�u�l of all s�ms secured by th�s��c�rity instrument,Lender shall pramptly refund
<br /> to Borr�uver any Funds held b�L�nder.
<br /> 4. �harg�s; Liens. Barr�v�rer shal� pay all�ax�s, assessments, charg�s, �ines, and impasitivns
<br /> a�tr�butable to#he Praperty which can attain priarity aver this S�curity�nstrument,I�aseho�d� yments
<br /> Initials: ��
<br /> NEBRASkCA--Single Family--Fannie MaelFreddie Mac UNIFQRM iN�TRLJMENT Form 3��8 9lD1
<br /> Eliie Ma�,Inc. Page 4 t7f 11 �IEEdEECJ �315
<br /> NEEDEE❑��LSy
<br /> 10l11!��1 f 1�:�fi PM PST
<br />
|