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2012041�� under the Note and this Security Instrument shall be made in U. S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or a11 subsequent payments due under the Note and this Security Insfiunent be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or casluer's check, provided any such check is drawn upon an insriturion whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the locarion designated in the Note or at such other locarion as may be designated by Lender in accordance with the nodce provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or pazdal payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted if each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Bonower makes payment 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 Bonower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim wluch Bonower might have now or in the future against Lender shall relieve Bonower from making payments due under the Note and this Security Insirument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Secrion 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 Secrion 3. Such payments shall be applied to each Periodic Payment in the order in wluch it became due. Any remaining amounts shall be applied first to late chazges, 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 includes a suff'icient amount to pay any late chazge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payrnent is outstanding, Lender may apply any payment received from Bonower 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 more Periodic Payments, such excess may be applied to any late chazges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any applicarion of payments, insuraace proceeds, or Miscellaaeous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Fands for Escrow Items. Bonower shall 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) taJtes and assessments and other items wluch 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 for any and all insurance required by Lender under Secrion 5; and (d) Mortgage Insutance premiums, if any, or any sums payable by Bonower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Secrion 10, These items aze called "Escrow Items." At origination or at any time during the term of the Loan, Lender may require that Community Associarion Dues, Fees, and Assessments, if any, be escrowed by Bonower, and such dues, fees and assessments shall be an Escrow Item. Bonower shall promptly furnish to Lender all notices of amounts to be paid under this Section. Bonower shall pay Lender the Funds for Escrow Items unless Lender waives Bonower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Bonower' s obligation 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, Bonower shall pay directly, when and where payable, the amounts due for aay Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires, sha11 fumish to Lender receipts evidencing such payment within such rime period as Lender may require. Bonower' s obligation to malce 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 NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT - MERS p Fortn 3028 1l01 Page 4 of 15 www.docmaglc.com Illlllllllllllllllullllllllllllllllllllllllllllllll IIIIII 1' ��' r�� v