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201309419
<br /> mail Worm vvvi makes payment to bring the Loan gent. If Borrower does not do so within a reasonable period of
<br /> tine, Lender shall either apply such funds or rub=them to Borrower. If not applied earlier, such funds will be
<br /> applied to the outstan.ding principal balance under the Note immediately prior to foreclosure* No offset or claim.
<br /> which Borrower might have now or in the future agate Lender shall relieve Borrower from mug payments due
<br /> under the Note and his Seer Instrument or performing the covenants and a reements secured by this Security
<br /> Instrument.
<br /> • 2. Application of Payments or Proceeds. Except as otherwise described ia this Secton 2, an payments
<br /> accepted and applied by Lender shall be applied in the following order of priority: (a)interest due under the Note;
<br /> principal due under the Note; (c)amounts due uuder Section 3. Such payments shall be applied to each Periodic
<br /> Payment in the order in•which it becaic 6ae. Any remabing-amounts shall be-applied first to late charges, second
<br /> to any other amour due under this Security Instmment, 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 payr-riFint may be applied to the delinquent payment and the late charge. If
<br /> more than one Periodic Payment is outstni T-ag, Lender may apply any payment received flora Borrower to the
<br /> repayment of the Periodic Payment and to the extent t it$ each payment tan be paid in M. To the extent that
<br /> any excess exists after the payment is appliedto the full payment of One or incre:Periodic Payments, such excess may
<br /> be applied to any late charges due, voluntary preyents shall be applied first to any prepayment charges and then
<br /> as described in the Note.
<br /> Any application of payrni.,ntq, insurance proceeds, or Miscellaneous Proceeds to principal due-under the Note
<br /> shall not extend or postpone the due date, or change the amount, of the Periodic Payments.
<br /> 3. Funds for Escrow Items. Borruwi i shall pay to Lender on the day Periodic Payments are due under the
<br /> Note, until the Note is paid in fill]., 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 ums for any and all insurance
<br /> required by Lender under Section 5;and(d)Mortgage Insura.nce premiums,if any, or any sums payable by Borrower
<br /> to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10.
<br /> These items are called"Escrow Items.," At origination or at any time during the term of the Loan,Lender may require
<br /> that Cnmrnunity Associatio3a Dues,Fees,and Assessments,if any,be es rowedby mower,and such dues,fees and
<br /> assessments shall be an Escrow Item. Borrower shall promptly funaish to Lender all notices of amounts to be paid
<br /> T This Sermon. Borrower shall pay Lender the Funds for tscrow Items unless Lender waives Borrower's
<br /> obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrow's obligation to pay to Lender
<br /> Funds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waver,
<br /> Borrower shall pay directly, when and where payable,the amts due for and Escrow Items for which payment of
<br /> Funds has been waived by Lender and, if Lender rewires, shall furnish to Lender receipts evidencing such payment
<br /> within such time period as Lender may refire_ Borrower's obligation to make such payments and to provide receipts
<br /> shall for all purposes be deemed to be a covenant and agreement contained in this Security instrument, as the phrase
<br /> "covenant and agreementf" is used in Section 9. If Borrower is obligated to pay Escrow Items direly, pursuant to
<br /> a waiver, and Borrower fails to pay the amount due for an.Escrow Item,Lender may exercise its rights .der Section
<br /> 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount
<br /> Lender may revoke the waiver as to any or all Escrow Its at any time by a notice given in accordance with Section
<br /> 15 and,upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required
<br /> Wider this Section 3..
<br /> Lender Tiny,at any time, collect and_hold Funds in an amount(a)sufficient to permit Lender to apply the Funds
<br /> at the time specified under RESPA, and(b)not to exceed the maximum amount a lender can require under RESPA.
<br /> Lender s1- 1 esti-T to the amount of Funds due on the basis of current data and reasonable estimates of expenditures
<br /> of future Escrow Items or otherwise in accordance with Applicable Law.
<br /> The Funds shall be held in an institution whose deposits are itisared by a federal agency, instrumentality, or
<br /> entity (including Lender, if Lender is an;institution whose deposits are so cured) or in any Federal Home Loan
<br /> Bad. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender
<br /> NEBRASKA—Single Fanify—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT DoeMagiciElAwkina
<br /> Form 3028 1101 Page 4 of 14 www_docmagic.COM
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