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201201011 need not pay interest ou unapplied funds.Lender may hold such unapplied funds until Borrower makes payments to bring the Loan current.If Borrower does not do so within a reasonable period of time,Lender shall either apply such funds or return them to Borrower.lf not applied earlier,such funds will be applied to the outstanding principa]balance under the Note immediately prior to fareclosure.No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2.AppliCation of Payments or Proceeds.Except as otherwise described in this Section 2,all payments accepted and applied by Lender shall be applied in the following order of priority:(a)interest due under the Note;(b)principal due under the Note;(c)amounts due under Section 3.Such payments shall be applied to each Periodic Payment in the order in which it became due.Any remaining amounts shall be applied first to late charges,second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which incl udes a sufficient amount to pay any late charge due,the payment may be applied to the delinquent payment and the late charge.If more than one Periodic Payment is outstanding,Lender may apply auy payment received from Borrower to the repayment of the Periodic Payments if,and to tl�e 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 more Periodic Payments,such excess may be applied to any late charges due.Voluntary prepayments shal I be applied first to any prepayment charges and ttien as described in the Note. Auy application of payments,insurance proceeds,or Miscellaneous Proceeds to principal due under the Note shall not e�tend or postpone the due date,or change the amount,of the Periodic Payments. 3.Funds for Escrow Items.Borrower shal]pay to Lender on the day Periodic Payments are due under the Note,until the Note is paid in full,a sum(the"Funds")to provide for payment of amounts due for:(a)taxes 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 ground rents on the Property,if any; (c)premiums far any and all insurance required by Lender under Section 5;and(d)Mortgage Insurance premiwns,if any,or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10.These items are called°Escrow Items."At origination or at any time during the term of the Loan,Lender may require that Community Association Dues,Fees,and Assessments,if any,be escrowed by Borrower,and such dues,fees and assessments shall be an Escrow Item.Borrower shall promptiy f'urnish to Lender all notices of amounts to be paid under this Section.Borrower shall pay Lender the Funds for Escrow ltems unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items.Lender may waive Borrower's obligation to pay to Lender Funds far any or alI Escrow ltems 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 amounts due for any Escrow Items for which payment of Funds has been waived by Lender and,if Lender requires,shal]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 to be a covenant and agreement contained in this Security Instrument,as the phrase"covenant and agreement"is used in Section 9.If Borrower is obligated to pay Escrow ltems directly,pursuant to 1165950510 NEBRASKASingle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Fortn 30281lOt 09l10 VMP� Wollers Kluwer Financial Services 201202a14.0A.0.4002-J20110209V Initials�. '��I Page 4 0(16 IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII I I IIIIIII IIIIIIIIIIIIIIIIIIIIIIIIIIIII