201607305 - Laserfiche WebLink

Browse

2� 1 ��73�5 2. Applicationof Paym�nts or Proceeds.Except as atherwis�des�r�bed in this�ectron�, all payments �.�cep��d and appt€ed�y Lender sha�l be a}��Iied in the f��lowing order of pr�orxty: �a)interest due�nder the Nate; (b)prrnc�pal due under the 1�Tote; (c}amounts due un�er Section 3. Such payments sha��be applied to each I'eriodxc Payment in the order in whiGh it became due.A.�y rer�aining amounts sha11 be app�ied first to lat�charg�s,secan.d to an�oth�a�au�ts due�.�.der this Security Instrun�en.�,and then ta reduce the principal ba�an�e of the No�e. If Lender receive�a payment from BQnawer for a de�inquent Peri�dic Payrnent which includes a sufficien� amount to pay any tate charge due,the pa�ment rnay be applied to tbe delinquent payment and the late �harge. If more�han one Periodic Pa�ment is outstandin�,Lender may apply any payment re�eived from Borrower to the repaym�nt af the 1'er�ad�c Payments if�and ta the extent that,�a�h payment�an be pa�d�� fu�l. To the extent that any excess exists af�er the payment is applied to�he fu11 payment of one or mar� Periodic Payments, such excess may be appl�ed�o any late charges due.Voluntary pr�payment��ha11 be app�ied first to any�r�pa�me�t c�a�rges a�d then as des��ibed in th�Note. Any applicat�on.of payments, insurance proceeds,or Misce��aneous Proceeds to princ�pa�due under th�Note sha�l not extend or postpone th�due date,or�hang�the amount,of the Periodic Payments. 3. Fundsfvr Escrow Items.Borrower shaii pay to Lender an the day Periodic Paymen�s are due under the Note,until the Note is paid in fi��l,a sum(the "Funds"}to provide far payment of amounts due for: �a)taxes �.nd asses�m�nts and ather items wh�ch can attain priority over this Security�nstrument as a lien or encumbrance on the Pr�perty; �b�leasehold payments or ground rents on the Praperty,�f any; tc�premiums �or any and a11 insurance required by Lender under Se��on 5;and�d)Mortgage Insurance premiums, if any, or any sums paya�Ie b}�Borrower to Lender in lieu of the payment of Mortgage Insurance premiums�n accordance with the provisions of�ec�ion 1�. These items are ca��ed"E�crow Item�."A�or�g�nat�nn o�c at any#ime durin.g the term of the L�an,Lender may require that Commun�ty Association I�ues,Fees,and Assessments, if any,be�scrQvved by Borro�ver,and such dues, fees and ass�ssments sha�l be an Escrow Item. Borr�wer sha11 promptly furnish to Lender a11 notices of amounts to be paid under this S�ction. Borrower sha11 pay Lender the Funds for Escraw Items un�ess Lender waiv�s B�rra�r�r's obli�ation�o ga� the Funds for any or a�I E�crow Items. Lender rriay waiv�Borro�t�ver's obligation to pay to Lender Funds far any or all Escrow Items a�any time.Any sueh waiver may anly be�n writing. In the event of sueh waiver, B�rrawe�'shall pay di�ectly,when and�r�.e�e payab le,the amounts due for a��scro�Items for�h�c� payment of Funds has been waived by Len�der and, if Lender requires,shall furnish to Lender receipts evidencing such�ayment with�n such txme geriod as Lender may require. Borr�wer's obligati�n to make s�.c�i pa�y�ents a�d�o pro�ide receipts shal�for alI purposes be deemed t��e a covenant and agreement contained in this S�curity Instrument,as the phrase "cavenant and agreem�nt" is used�n Section 9.If �orr�wer is obligat�d to pay Escr�w Items duectly,pursuant to a wai�er,and�orro�er faits�o pay the amount d�e for an�scrow Item,�,enc�er may exercise its rights under Sec�tion 9�.nd pay such amount and Borrower shall then be obligated under Section 9 to repay tc�Lender any such amount. Lender ma}�revoke the�aiver as to a��or a11 Escrow I#ems at any time by a notice gi�en in accordance�vith Section 15 and, upon such rev�cation,$orro��r�hall pay to Lender a11 Funds,and in such amounts,that are then required under this Sect�an 3. L�nd�er��y,at any ti�ne,coll�ct an�hold Funds in an amount ta}sufficient to p�rmit i.ender to apply t�e Funds at the t�me specified under RESPA,and(b)not to exceed the maximum amount a lender can requir� under RESPA. Lender sha11 estimate the amount of Funds due on th.e basis of current d�t�and reasonable est�mates af expend�tures of future�scro�r Items or otherwise in accordance with Applicable Law. NEBRASKA-Single Family-Fannie AlIaelFreddie Mac LlNIFDRM INSTRUMENT VYITH MERS Form 3428 11�'� VMP� VMPBA(NEJ[1302}.44 V11o�ter°s Kiuwer Financia!Services Page 5 of 17 q�33�3534�4U ��33 �95 4517