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201306930 until Borrower makes payment to bring the Loan current. If Borrower does not do so within a re time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, be applied to the outstandin reasonable period of g principal balance under the Note immediately prior to foreclosure. No off sett o which Borrower night have now or in the future against Lender shall relieve Borrower from under the Note and this Security Instrument or performing the covenants and agreements secured by making payments due 2. Application of Pa Except as otherwise described in this Section 2, all payments Y this Security urity accepted and applied by Lender shall be applied in the following order of priority: (a) interest principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second erest due under the Note; to any other amounts due under this Security Instrument, and then to reduce the principal balance PP of the Note. Periodic If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a amount to pay any late charge due, the a Note. P yment may be applied to the delinquent payment and the late charge. 1e If more than one Periodic Payment is outstanding, Lender may apply repayment of the Periodic Payments if, and to the extent that, each Y payment received from Borrower to the h payment can be paid in full. To the extent any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess be applied to any late charges due. Voluntary at �' prepayments shall be applied first to any ma y y prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under t he Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under Note, until the Note is paid in fu11, a sum (the "Funds ") to provide for payment of amounts due for: assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold a (a) taxes and P yments or ground rents on the Property, if any; (c) premiums for any and a the 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 payment of Mortgage Insurance premiums in accordance with the provisions of S insurance These items are called "Escrow Items." At origination or at any time during the term of the Loan, Lender that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, f ee s d assessments shall be an Escrow Item, Borrower shall promptly furnish to Lender all notices of amoun f ts to be paid d under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives ow and obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay paid Funds for any or all Escrow Items at any time. Any such waiver may only be in writing, In the event of such waiver, , Borrower shall pay directl P Y to Lender Y, when and where payable, 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 receipts evidencing such within such time period as Lender may require. Borrower 's obligation to make such payments and to provide shall for all purposes be deemed,to be a covenant and agreement contained in this Security Instrument, as the phrase payment phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items direct receipts a waiver, and Borrower fails to a the amount ue for an Escrow 9 and pay such amount and Borrower shall hen be obligated nder on 9 to re ay t o 1L i n d righ under Section Lender may revoke the wa as to any or all Escrow Items at any time by a notice given in accordance with 15 and, upon such revocation, Borrower shall pay to Lender that a any are th such amoue under this Section 3. ender all Funds, and in such amounts, Section en required Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures s of future Escrow Items or otherwise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentals 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 no later than the time specified under RESPA. Lender er NEBRASKA -- Single Family -- Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 Page 4 of 14 DocMagfc www.docmagic.com