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<br /> to bring the Loan current.If Borrower does not do so within a reasonable period of time,Lender shall either apply such
<br /> funds or return them to Borrower.If not applied earlier,such funds will be applied to the outstanding principal balance
<br /> under the Note immediately prior to foreclosure.No offset or claim which Borrower might have now or in the future
<br /> against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or
<br /> performing the covenants and agreements secured by this 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 due under'the Note;(b)principal due
<br /> under the Note;(c)amounts due under Section 3.Such payments shall be applied to each Periodic Payment in the order
<br /> in which it became due.Any remaining amounts shall be applied first to late charges,second to any other amounts due
<br /> 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 amount
<br /> to pay any late charge due,the payment may be applied to the delinquent payment and the late charge.If more than one
<br /> Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the
<br /> Periodic Payments if,and to the extent that,each payment can be paid in full.To the extent that any excess exists after
<br /> the payment is applied to the full payment of one or more Periodic Payments,such excess may be applied to any late
<br /> charges due.Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note.
<br /> Any application of payments,insurance proceeds,or Miscellaneous Proceeds to principal due under the Note shall
<br /> 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 the Note,
<br /> until the Note is paid in full,a sum(the"Funds")to provide for payment of amounts due for:(a)taxes and assessments
<br /> and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property;
<br /> (b)leasehold payments or ground rents on the Property,if any;(c)premiums for any and all insurance required by Lender
<br /> under Section 5;and(d)Pylortgage Insurance premiums,if any,or any sums payable by Borrower to Lender in lieu of the
<br /> payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called
<br /> "Escrow Items."At origination or at any time during the term of the Loan, Lender may require that Community
<br /> Association Dues,Fees,and Assessments,if any,be escrowed by Borrower,and such dues,fees and assessments shall be
<br /> an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Section.
<br /> Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for
<br /> any or all Escrow Items.]Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at
<br /> any time.Any such waiver may only be in writing.In the event of such waiver,Borrower shall pay directly,when and
<br /> where payable,the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and,if
<br /> Lender requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender may
<br /> require.Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to be a
<br /> covenant and agreement contained in this Security Instrument,as the phrase"covenant and agreemenY'is used in Section
<br /> 9.If Borrower is obligated to pay Escrow Items directly,pursuant to a waiver,and Borrower fails to pay the amount due
<br /> for an Escrow Item,Lender may exercise its rights under Section�9 and pay such amount and Borrower shall then be
<br /> obligated under Section 9 to repay to Lender any such amount.Lender may revoke the waiver as to any or all Escrow
<br /> Items at any time by a notice given in accordance with Section 15 and,upon such revocation,Borrower shall pay to
<br /> Lender all 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 Funds at
<br /> the time specified under RESPA,and(b)not to exceed the maximum amount a lender can require under RESPA.Lender
<br /> shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future
<br /> Escrow Items or otherwise in accordance with Applicable Law.
<br /> The Funds shall be held in an institution whose deposits are insured by a federal agency,instrumentality,or entity
<br /> (including Lender,ifLender is an institution whose deposits are so insured)or in any Federal Home Loan Bank.Lender
<br /> shall apply the Funds to pay the Escrow Items no later than the time specified under RESP�.Lender shall not charge
<br /> Borrower for holding and applying the Funds,annually analyzing the escrow account,or verifying the Escrow Items,
<br /> unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge.Unless an
<br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT with MERS Form 3028 1/01
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