201008399 - Laserfiche WebLink

Browse

�o�oos�� amounts due nnder this 5ecurity Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late char�e due, the payment may he applied to the delinquent payment and the late charge. If mvre than one Periodic Payment is ontstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment oF one or mnre Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayrnent charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds tn principal due under the Nnte shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periadic Payments are due ander the Note, until the Note is paid in full, a sum (the "Fands") to pravide for payrnent of amounts due fnt: (a) ta�ces and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or graund rents on the Property, if any; (c) premiums for any and all insnrance required by Lender under 5ection 5; and (d) Mortgage Insurance premiums, if any, ar any sums payable by Borrower tn Lender in lieu of the payment of Mortgage Insurance premiums in accardance with the provisions of 5ection 10. These items are called "Escrow Items." At origination or at any time during the terrn of the Laan, Lender may reqaire that Community Association Dues, Fees and Assessments, if any, be escrowed by Borrower, and such dues, fees, and assessments shall be an Escrow Ttem. Borrower shall promptly furnish to T.ender all notices of amounts to be paid under this Section. Borrawer shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Iterns. Lender may waive Borrower's abligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amonnts due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed ta be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreement" is used in Sectian 9. If Sorrower is obligated to pay �scrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay ta Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in suc4 arnaunts, that are then required under this Section 3. Lender may, at any time, cullect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at the time specified nnder RE5PA, and (ty) not to exceed the maximum amount a lender can require under RESPA. Lender shall estimate the aniaunt af NEBR.45� -- Single Family •• F�mie MadFreddie Mec L7NIFORM lNS"fit[1MSNT Potm 3028 I/0 \ ��,,, _ GCC - G3028-OS (09/Ol) (Page S of i9) Initials: _��,L 1/ V V � �' � .