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��14�4�59 u.nder the Note and this Security Instrument sha11 be made in U.S. currency. However, if any check or other instrument rece�ved by Lender as payrnent under the Note or this Security Ins�rument is returned to Lender unpa�d, Lender may require that any or a11 subsequent payr�ents du�under the Nate and this Security Instrument be made in ane or more af the following forms, as selected by Lender: �a}cash;�b)m�ney order;�c}cerxif�ed check,bank check, treasurer's�heck or cashi�r's�heck,provided any such check is drawn upvn an institutian whose deposits are insured by a federal agency, instrurnenta�ity, or entity; or�d} Electranic Funds Transfer. Payments are deemed recei�ed by Lender when re�ei�ed at the Iocation designated in the Nate ar at such other location as may be designated by Lender in accardance with the notice pro�isions in Secti�n 15. Lender may re�urn any payrnent or partial payment if the payment or partia�payments are insuff cient to br�ng the Loan current. Lender may accept any payment or partial payrnent �nsufficient to bring the Loan curren�, without wai�er of any righ�s hereunder or prejudice �o its rights to refuse such payment ar partial payments in the future, but Lender is n�t obligated to app�y such payments at the time such payments are accepted. If each Periadic Payrnent is app�ied as of its sch�duled due date, then Lender need not pay interest❑n unapplied fu.nds. Lender may hold such unapp�ied funds u.ntil Borrawer makes payrnent to bring the Loan current. If Borrower does not do so w�thin a reasonab�e per�ad af time, Lender shal� ei�her apply such funds or return them ta Borrawer. �f not applied earlier, such funds will be applied to the outstanding principal balance under the Not� immediate�y prior to fareclosure. Nn affset or clairn which Barrower might ha�e now or in the fu�ure against L�nder shall reiieve Barrawer from making paymen�s due under the Note and this Security rnstrument ar perfarming the cfl�enants and agreements secured by this Security Instru.rnent. 2. Appli�ation of Payments or Proceeds. Except as atherwise described in this Sectivn 2, a11 payments accepted and applied by Lender sha11 b�applied in the follvwing order nf priarity: �a} interest due under the Note; �h}principal due under the N�te; �c�amounts due under Section 3. Such payments shal�be appiied to each Periodic Payment�n the arder in which it became due. Any rernaining amounts shall be applied first ta late charges, second to any other amounts due under this Security�ns#xument, and then to r�duce the principa� ba�ance af the Note. If Lender recei�es a payment from Borrower for a deiinquent Period�c Payment which inc�udes a sufficient arnount to pay any late charge due, the payrnent may be applied �o the del�nquent payment and the late charge. If more than one Periadic Fayment is outstanding, Lender may apply any payment recei�ed fram Barrawer to the repayment of the Periodic Payments Yf, and to the exten� that, each payment can be paid in ful�. To the extent�hat any excess exists after�he payment is app�ied ta the fu11 paymen�af ane or mvre Periodic Payments, such excess may be applied ta any late charges due. Valuntary prepayments shall be applied first ta any prepayment charges and then as described in the Not�. Any application af payments, insurance praceeds, or MisCellaneous Praceeds to principa� due under the Note shal� not extend or pos�pone the due date, or change the amount, of the Periadic Payments. 3. Fund�for Escrow Items. Borrower shall pay to Lender on the day Per�odic Payments are due under the Not�, until the Not� is paid in fu11, a sum�the "Funds"} t�provide for payment of amvunts due for: �a}�axes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on�he Property; (b} leasehold payments or graund rents�n the Praperty, if any; �c}premiurns for any and ail insurance required by Lender under Section S; and�d}Martgage�nsurance premiums, if any, �r any sums payable by Barro�uer t�Lender in�ieu�f the payment of Mor�gage Insurance prem�urns in accordance vvith the pro�is�ons of Sectivn 1 Q. These items are called"EscrovW Items." At origination or at any time during the term af the Loan, Lender may require that�ommuni�y Association Dues,Fees,and Assessments, if any, be escrowed by Borr�wer,and such dues, fees and assessments sha11 be an Escrov�item. Borrower shall promptly furnish to Lender all notices�f amounts to be paid under thi s Se�t�an. Borrawer shall pay Lender the Funds far Escrow Iterns unless Lender wai�es Barrawer's abligation to pay the Funds for any or all Escrow Items. Lender may wai�e Borr�wer's vbligation to pay ta Lender Funds for any ar all Escrow Items at any time. Any such wai�er may anly be in writing. In the event of such wai�er, Borrower sha11 pay directly, when and where payable, the amaunts due for any Escrow�tems far vvhich payment of Funds has been wai�ed by Lender and, if Lender requires, sha11 furnish to Lender receipts evidencing such payrnent within such time period as Lender may r�quire. Borrower's abiigation to make such payrnents and to pro�ide receip�s shal�for a11 purposes be deemed to be a ca�enant and agreement c�ntained in this S�curi�y�nstrument, as the phrase NEBRASKA Single Family--Fanni� MaelFreddie Mac UNIF�RM iNSTRUMENT - MERS D�cMa�lc Form 3��8 11�1 Page 4 of 15 www.docmagi�.�om � � � � �ti i� fl �