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<br /> return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current.
<br /> Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any
<br /> rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future,but Lender is not
<br /> obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of
<br /> its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied
<br /> funds until Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable
<br /> period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds
<br /> will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or
<br /> claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments
<br /> due under the Note and this Security Instrument or performing the covenants and agreements secured by this
<br /> Security Instrument.
<br /> 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments
<br /> accepted and applied by Lender shall he applied in the following order of priority: (a)interest due under the Note;
<br /> (b)pnncipal due under the Note; (c)amounts due under Section 3. Such payments shall be applied to each Periodic
<br /> Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second
<br /> to any other amounts due under this Security Instrument,and then to reduce the 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 late charge due, the payment may be applied to the delinquent payment and the late charge. if
<br /> more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the
<br /> repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that
<br /> any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess
<br /> may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and
<br /> then as described in the Note.
<br /> Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the
<br /> Note shall not extend or postpone the due date,or change the amount,of the Periodic Payments.
<br /> 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under
<br /> the Note,until the Note is paid in full,a sum(the"Funds")to provide for payment of amounts due for: (a)taxes and
<br /> assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the
<br /> Property, (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance
<br /> required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by
<br /> Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of
<br /> Section 10. These items are called "Escrow Items." At origination or at any time during the term of the Loan,
<br /> Lender may require that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower,
<br /> and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices
<br /> of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender
<br /> waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's
<br /> obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in writing.
<br /> In the event of such waiver, Borrower shall pay directly,when and where payable,the amounts due for any Escrow
<br /> Items for which payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender
<br /> receipts evidencing such payment within such time period as Lender may require. Borrower's obligation to make
<br /> such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in
<br /> this Security Instrument, as the phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to
<br /> pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item,
<br /> Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated under
<br /> Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any
<br /> time by a notice given in accordance with Section 15 and,upon such revocation, Borrower shall pay to Lender all
<br /> Funds,and in such amounts,that are then required under this Section 3
<br /> Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the
<br /> Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under
<br /> Nebraska Deed of Trust—Single Family—Fannie Mae/Freddie Mac Uniform Instrument Form 3028 1101
<br /> MFRS Modified
<br /> The Compliance Source,Inc. Page 4 of 14 Modified by Compliance Source 1430INE 08/00 Rev.04/08
<br /> www.compliancesource.com 102000,The Compliance Source,Inc.
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