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201209340
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7/20/2017 9:59:33 AM
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11/5/2012 2:53:14 PM
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201209340
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� . 201209340 <br /> 2• AppliCatlon of P7yments or proCeedg, Excepl as otherwise described in this Section 2, all paymenls <br /> accep(ed and applied by Lender shall be applied in fhe following order oF priority: (a) in[erest due under the <br /> Note; (b) principal due under Ihe Note; (c) amounts due under Section 3. Such paymenls shall be applied to <br /> each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied firs( lo <br /> late charges, second to any other amounts due under this Security Instrument, and then to reduce the <br /> principal balance of the Note. <br /> If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient <br /> amount to pay any la[e charge due, the payment may be applied to the delinquenl paymenl and the late <br /> charge. If more than one Periodic Paymen( is outstanding, Lender may apply any payment received from <br /> Borrower to the repayment of the Periodic Payments if, and to the exten( [hat, each paymenl can be paid in <br /> full. To the ex[en[ tha[ any excess exists after the paymen[ is applied to Ihe full payment of one or more <br /> Periodic Payments, such excess may be applied (o any lale charges due. Voluntary prepayments shall be <br /> applied firs[to any prepayment charges a�d Ihen as described in the Note. <br /> Any application of paymen[s, insurance proceeds, or Miscellaneous Proceeds lo principal due under the Note <br /> shall not extend or postpone ihe due date, or change Ihe amount, of ihe Periodic Payments. <br /> 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the <br /> Nole, un[il the Note is paid in full, a sum (Ihe "Funds") to provide for paymenl oF amounts due for. (a) taxes <br /> and assessmen[s and other items which can attain priority over this Security Instrument as a lien or <br /> encumbrance on Ihe Property; (b) leasehold payments or ground renls on the Property, if any; (c) premiums <br /> for any and all insurance required by Lender under Sec(ion 5; and (d) Mortgage Insurance premiums, if any, <br /> or any sums payable by Borrower to Lender in lieu of the payment of Mor[gage Insurance premiums in <br /> accordance with [he provisions of Section 10. These items are called "Escrow I[ems." A1 originatio� or at <br /> any time during Ihe term of the Loan, Lender may require that Community Association Dues, Fees, and <br /> Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow <br /> Item. Borrower shall prompUy furnish to Lender al1 notices of amounts to be paid under this Section. <br /> Bonower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligalion ro pay <br /> [he Funds for any or all Escrow Items. Lender may waive Bonower's obligalion to pay to Lender Funds for <br /> any or all Escrow Items at any (ime. Any such waiver may only be in cvri[ing. In the event of such waiver, <br /> Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which <br /> paymen[ of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts <br /> evidencing such payment wilhin such time period as Lender may require. Borrower's obligation to make <br /> sucL paymenls and to provide receipts shall f'or all purposes be deemed to be a covenant and agreement <br /> contained in this Security Inslrument, as the phrase "covenant and agreement" is used in Section 9. If <br /> Borrower is o6ligated to pay Escrow Items direcfly, pursuant to a waiver, and Borrower fails to pay the <br /> amount due for an Escrow Item, Lender may exercise its righls under Section 9 and pay such amount and <br /> Borrower shall then be obligated under Seclion 9 to repay to Lender any such amount. Lender may revoke <br /> the waiver as to any or all Escrow Ilems at any time 6y a notice given in accordance with Section 15 and, <br /> upon such revocalion, Borrower shall pay to Lender all Funds, and in such amounts, Ihat are then required <br /> under this Sec[ion 3. <br /> Lender may, at any time, collecl and hold Funds in an amount (a) sufficient to permil Lender [o apply the <br /> Funds al the time specified under RESPA, and (b) no! to exceed the macimum amount a lender can require <br /> under RESPA. Lender shall eslima[e the amount of Funds due on the basis of current data and reasonable <br /> estimates of expenditures of future Escrow Items or olherwise in accordance with Applicable Law. <br /> 001123233151 <br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM MSTRUMENT WITH MEBS <br /> VMP� Citibank 3.2.63.13 V3 <br /> Wd[ers Kluwer Financiel Services Fam 3026 1/Ol <br /> VMP6A(NE)(1'105).00 <br /> Page 5 oi 1] <br />
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