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�0�209400 until Borrower makes payment to bring the Loan current. If Borcower does not do so within a reasonable period of rime, Lend.er shall either apply such fimds oz return them to Bocrower. If not applied earlier, such fuIIds will be applied to the outstanding principal balanoe under the Note immediately prior to foreclasnre, No afiFsset or claim which Borrower might have now or in the future against Lender shall relieve Borrower fmm makiag �ayanents due under the Note and this Security Instrument or perform'vng the covenants and agre�ments secured by ttus �curity Instrument. 2. ApplicatYon of Paytnents or Proceeds. Exc�pt as otherwise desr,ribed "m this Section Z, atI payments acxepted and applied by I.ender shall be applied. in the following ordar of priority: (a) interest due under ihe Note; (b) principal dae under the Note; (c) amounts due under Sectioa 3. Sach payments shall be applieci to each Periodio Payment in the order in which it becama due, A,ny remaini,ng amounts shall be applied first to late charges, secand to any other amounts due under this Security Instrument, and then to reduce the principat balance of the Note. Tf I.ender re�eives a payment from Borrower for a delinqusnt Periodic Paym�emt which includes a sufficient amount w pay any late charge due� the payment may be applie�i to the deIinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if� and w the exteat that, each payment can be pazd in full. To the extent that auy excess exists afrer the payment is applied W the full payment of one oz more Periodic Payments, such excess may be applierl ta any late charges due. Yoluntary prapaymants shall be applied fsrst to any prepayment charges and then as deseribed in the Note. � Any applica�.on of paymenta, i�surance proceeda, or Miscellaneous Proceeds to principal due wader the Note shall not e�ctend or postpone the due date, or change the amount� of the Periodic Payments. 3. Funt7s for Escrow Items. �ozrower shall pay to Lender on the day Periodic Payments ace due under the Note, until the Note is paid in full, a sum (the °Funds") to provide for payment of amounts due faz: (a) taxes and assessments aud other items which can attain priority over this Security �nsWment as a lien or encvmbranc� on the Property; (b) leasehold payments or ground rents on the Froperty� if any; (c) premiums for any and all insurance required by Lender under Secdon 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Bormwer w Lender im lieu of the payment of Mortgage insuraac� premiuras in accordance witl� the provisions of 5�etion 10. T�ese it�ms are called "Escrow Iteun.s. ° At origination or at any time during the term of the I.oan, Lender may require shat Community Associatian Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fess and assessments sball be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lendez waives Borrower's obligation to pay ti�e Funds for any or all Fscrow Items. Lender may waive Borrower's obligadon to pay ta L.eader F�mds for any or all Escrow Items at any time. Any such waiver may oniy be ia wridng. In the event of such waiver, Borrower shall pay dir�tiy, when and where payable, the amounts due for any Esczow Items for which payment of Funds has been waiverl by Lendez and, if Lender requires, ahall furnish to Lende�r receipts evidencnag such payment within such time period as Lender may require. Borrower's obligation to make such payments and to provide receipts shall for all purposss be deemed to be a covenant and agteement contained in this Security �nsmiment, as the phrase °cflvenant and agreement" is used in Section 9. If Borrower is obligateii to pay Escrow Items directly, pursw�nt to a waiver, and Bonower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borzower shall then be obligat�d under Sextion 9 to repay ro Lender any such amount. Lendez may revoke the waiver as to aay or all Escmw Items at any time by a notice given in accordance with Section 15 and, upan such revocation� Bortower shatl pay t4 Lender all Funds, and in such amounts. that are dsex� required under this Section 3. Lender may� at any time, collect and hold Funds in an amount (a) suffrcient to permit Lender to apply the Funds at the time specified under RE5PA, and {bj not to ext�ed die maximum amount a lender can require ubder RESPA. Lender shall estinnate the amourtt of Funds due on the basis pf current data. and reasonable estimates of expenditures of futme Escrow Itsms or othervvise in accordaaca with Applicable Law. The Funds shall be held in an insfltudon whose deposita aze insured by a federal agency, instrumentality, or endty (including Lander, i€ Lender is an insdtution whose deposits are so insured) or in any Federai Home Loaa Bank. Lender ahall apply the Funds to pay the Escrow Items no later dzan the time specifed under RESPA. Lender IVEBRASKA�-Single Fsmily-�Fannie Mae/Freddie Mac UNIFORM INSTRUMENT � Fo�m 3028 1/01 Page 4 of 14 ww►y,docmag/e.com S� Ne�28.dot.xml