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� 201207871 until Borrower makes payment to bring the Loan wrrent. If Borrowcr does not do so within a reasonable period of time, Lender shal] either apply such funds or return them to Borrower. Tf nut applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under [he Note and this Security Instrument or petforming [he covenants and a�eements sewred 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. My reinaining amounts shall be applied first to late charges, second to any other amounts due under this Securiry Instrument, and the� to reduce the principal balance of the No[e. If Lender receives a payment from Borrower for a de]inquenL Periodic Payment which includes a sufficient 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 Payment is outstanding, Lender may apply any payment received from Rortower to the repayment of the Periodic Payments if, and to the extent that, each paymen[can be paid in full. To the extent that any excess exists after the payment is applied to the full payment oPone ur more Periodic Payments, such excess may be applied to any la[e charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not exteud or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shal]pay to Lender o� the day Periodic Payments aze 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 Securiry 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 Section 5; and(d)Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the paymen[ 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[he term of the Loan, Lender may require that Community Association Dues, Fees, and Assessme�ts, if any, be escrowed by Borrower, and such dues,fees and assessments shall be a� Escrow Item. Borrower shall prompfly furnish to Lender all notices of amounts to be paid under this Section. Rorrower shall pay Le�der the Funds fot Escrow I[ems unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligaUon to pay ro Lender Funds for any or all Escrow Items a[any time. Any such waiver may only be in writing. ln the event of such waiver, Borrower shall pay directly, when and where paya6le, the amounts due for any Escrow Items for which payment oF Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receip[s evidencing such payment within s�ch time period as Lender may require. Borrower's obliga[ion 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 agreemeut" is used in Section 9. If Borrower is obligated ro pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Secdon 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waivet 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 such vnoun[s, tha[are then required under this Section 3. Lender may, at any time, collect and hold Funds in an amount(a)su�cient to pennit Lender to apply the Funds at the time specified under RESPA, and(b) not to exceed the maximum amount a lender can require onder RESPA. Lender shall estimate the amount of Funds due on the basis of current ciata and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits are iasured by a federa] agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items uu later than the time specified under RESPA. Lender NESRASKA—Single Family—Fannie Mee/Freddie Mac UNIFORM INSTRUMENT po�8�� Form 3028 11D1 Page 4 of 14 www.docmagic.mm