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200611427
<br />2 01407692
<br />Payments are deemed received by Lender when received at the location designated in the Note or at such other location
<br />as may be designated by Lender in accordance with the noticeprovis ono in Section l5. Lender may return any payment Or
<br />partial payment if We payment or pa, did payments me inatiffrcient to bring the Loan current. Lender may accept any payment
<br />or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its sights to
<br />refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such
<br />payinernts at accepted. If each Pet italic Payment is applied as of itsschcdukd due date, then Lender need not pay interest on
<br />unapplied funds. Lender ixuy hold such unapplied funds until F3unvwer'uaikes payment to bring the loan mica. If
<br />Bono wer does not do so within a reasonable period of tine, Lender shall either apply such funds or return them to 13vntirwer.
<br />If not applied earlier, such funds will be applied to the outstanding principal balance under the Not immediately prior to
<br />foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve. Borrower from
<br />making payments due under the Note and this ,Security Instrument or performing the covenants and agreements secured by
<br />Orris Security instrument.
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted
<br />and applied by Lender shall be applied in the following order of priority: (a) interest Clue under the Note; (b) principal due
<br />under the Note; (c) amounts duc under Section 3. Such pttyutents shall he applied. to each Periodic Payment in the order in
<br />which it became duo, Any remaining amounts shall be applied first to late charges, second to any other .amounts due under
<br />this Security lnstument, 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 amount to
<br />pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic
<br />Payment is outstanding, Lender may apply any payment received front Borrower to the repayment of the Periodic Payments
<br />if, and to the extent that, each payment can be paid in full. To the extent that arty excess exists after the payment is applied to
<br />the frill payment of one or more Pctiodic Payments, such excess may he applied 10 Any late. charges date. Voiuntsiry
<br />prepayments shall be applied first to any prepayment charges and then as deacribcd in tire. Note.
<br />Any application of payments, insurance proceeds, or Miseellaneouo Proceeds to principal due under the Note &adt not
<br />extend or postpone the due date, or change the macaw, of the Periodic Payments,
<br />3. Funds for'Eseruw Itettts. Borrower sLall pay to Lender ou the day Periodic Payments are dui under the Note,
<br />until the Note Is paid In lull, a sum (the "Funds ") to provide for payment of amounts due fur: (a) taxes laid ats and
<br />other items which can attain priority over this Security Instrument es a lien Or encumbrance on the Property; (h) leasehold
<br />payments or ground reran on the Property, if any; (c) premiums for any and all insurance by Lender under Section 5;
<br />and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of
<br />Mnrtbnge.. insurance premiums in accordance with the pr'oviiions of Section 10. These items are called' Escrow Items." At
<br />origination or at any time during the reran of the Lorin, i.ender may require that Community Associatlnn (Dues, Fees, and
<br />Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shrill be an Escrow item. Borrower shall
<br />promptly furnish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for
<br />Escrow Items unless Lender waives 'norrower'it obligation 10 pay the Funds( for any or ull Escrow Items. Lender may waive
<br />13onvwer's ublt„uutiun tat pay to Leader Funds for any or all Escrow Itemms at gay tiaue. Any such waiver way only be in
<br />writing_ In the event of such waiver, Borrower shall pay directly, when and where payable. tire 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 receipts
<br />evidencing such payment within such Lime period as Lender may require. Borrower's obligation to make such payments and
<br />to provide receipts shall for all purposes be deemed to be a covenant anti agreement t;uutaiitetl in this Security instrument, as
<br />the phrase "covenant and agreement" is used in Sec :lion 9. If Borrower is obligated to pay Escrow Items directly, pursuant to
<br />a waiver, and Borrower faits to pay the arnotuit due for an Escrow item, Lender may exercise its rights ender Section 9 and
<br />pay such amount and I3orroa'cr shall then be obligated under Section 9 to repay to Lender any such amount, Lender may
<br />revoke the waiver as to any or all Escrow Items itt nay time by a notice given in accordance with Section 15 and, upon such
<br />revocation, linrrrlwnr shall p.iy to Lender all Fundit, and in such amcltints, that arc; then required under this Section 3.
<br />Lender stay, at any time, collect and hold Fund in an amount (a) sufficient to permit Leader to apply the Funds at the
<br />ti mer specified under RESPA, and (h) not to exceed the maximum amount a lender can require under RESPA. Lender shall
<br />estimate the amount of Funds ciao on the basis or currant data and reasonable estimates of expenditiiree of future Escrow
<br />items at otherwise in accordance with Applicable Law.
<br />The Funds Shari be held is au institution whose deposits are insured by a federal agency, instrumentality, or entity
<br />(including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Luau Liarik. Lender shall
<br />apply the Funds to pay the .Escrow Items no later than the tirne specified under RESPA. Leader shall not charge Borrower for
<br />holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays
<br />NEBRASKA -3 into Family — Fannie Maw: Freddie Mae UNIFORM INSTRUMENT c ' A L �r--
<br />Form 30781/0.1
<br />ITEM 20901.4 (0011j-44E I: -0 of 1;t es r0 s
<br />(P&p r Pfd ) fa Uthar Can: t•YaU49aa S rF a1a791•tATLAN13>,
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