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<br /> or this Security Instrurnent is returned to Lender unpaid, Lender may require that any or a11 subsequent payments due
<br /> under the Note and this Securi�y Instrument be made in one or more of the fallowing forms, as selected hy Lender:
<br /> �a} cash; �b}money order; ���certified check, bank check, �reasurer's check or cashier's check, pro�ided any such
<br /> check�s drawn upon an institutian whose depasits are�nsured by a federal agency, instrumentality, or entity; or�d}
<br /> Electronic Funds Transfer.
<br /> Payments are deemed rece��ed by Lender when receiWed at the l�cation designated in�he Nate vr at such other
<br /> lacation as may be designated by Lender in accordance with the notice pro�isions in Section 14. Lender may return
<br /> any payment vr partial payment if the payment or partial payments are insufficien�to bring the Loan current. Lender
<br /> may accep� any payment or partial paymen� insufficient to bring the Loan current, without wai�er of any rights
<br /> hereunder ar prejudice to �ts rights to refuse such payment or partial payments in th� future, but Lender is not
<br /> obiigated to apply such payments at the time such payment�are accepted. If each Periodic Payment is app�ied as vf
<br /> its schedu�ed due date, then Lender need not pay interest on unappiied funds. Lender may hold such unapplied funds
<br /> until Borrower makes payment to bring the Lvan current. I f Borrower does not do so within a r�asana�le period of
<br /> time, Lender shall either apply such funds or return them to Borrower. If nat applied earlier, such funds wi�l be
<br /> applied ta the outstanding principal ba�ance under the Nnte immediately priar to foreclosure.No offset or claun which
<br /> Borrower might ha�e now�r in the future against Lender shall relie�e Barrower from making payments due under
<br /> the Note and this Security Instrument or performing the co�enants and agreements secured by this Security Instrument.
<br /> 2. Application of Payments or Proc�eds. Except as otherwise described in this 5ection 2, ail payments
<br /> accepted and applied by Lender shal�be applied in the following order of prioriiy:
<br /> First, to th�Mortgage Insurance premiums to be paid by Lender to the Secre�ary or the monthly charge by the
<br /> Secretary instead of the m�nthly mortgage insurance premiums;
<br /> Second, to any taxes, special assessments, leasehold paym�nts or ground rents, and fire, flood and other hazard
<br /> insurance premiums, as required;
<br /> Th�rd, to int�rest due under the Note;
<br /> Fourth, ta amortizatian of the principal af the Note; and, Fifth, to �ate�harges due under the Note.
<br /> Any applicat�on of payments, insurance proceeds, or Miscelianeaus Prviceeds to principal due under the Nate
<br /> sha�l no�extend ar postpone the due date, or change the amount of�he Feriodic Payments.
<br /> 3. Funds for Escraw Items. B�rrower shall pay t�Lender on the day Periodic Payments are due under the
<br /> Note, until the Note �s paid in full, a sum �the "Funds"}to pro�ide for payment of amounts due for: (a�taxes and
<br /> assessments and o�her items which can attain priori�y o�er this Security Instrument as a lien or encumbrance on the
<br /> Property; �b} leasehald payments �r ground rents on the Property, if any; �c� premiums for any and all insurance
<br /> required by Lender under Secti�n 5; and�d}Mortgage Insurance premiums to�e paid by Lender to the Secretary or
<br /> the monthly charge by the Secretary instead of the m�nthly Mortgag� Insurance premiums. These items are called
<br /> "Escrow Items." At arigination or at any ti_me during the term of the Lvan, Lender may require that Gommunity
<br /> Association Dues, Fees,and A.ssessments, if any,be escrowed by Bvrrower,and such dues, fees and assessments shall
<br /> he an Escrow Item. B�rrvwer sha11 pramptly furnish to Lender all notices of amounts ta be pa�d under this Se�ti�n.
<br /> Barrower sha11 pay Lender the Funds for Escrow Items unless Lender wa��es Borrower's obligation t�pay the Funds
<br /> for any�r a11 Escrow It�ms. Lender may wai�e Borrower's obligation to pay to Lender Funds for any or all Escrow
<br /> Items at any time. Any such wai�er may only be in writing. �n the e�ent of such wai�er,Borrawer shall pay directly,
<br /> when and where payabie, the amounts due for any Escrow Items fvr which payment of Funds has been wai�ed by
<br /> Lender and, if Lender reauires, shall furnish to Lender receipts e�idenc�ng such payment within such tune perivd as
<br /> Lender may require. Borrower's obligation to make such payment�and to pro�ide receipts sha�l for al1 purpases be
<br /> deem�d to be a�o�enant and agreement contained in this S�curity Instrument, as the phrase"c��enant and agreement"
<br /> is used in Sectian 9. If Borrawer is obligated to pay Escrow Items d�rec�ly, pursuant to a wai�er, and B�rrower fails
<br /> to pay the amount due for an Escraw�tem, Lender may exercise its rights under Sectian 9 and pay such amount and
<br /> Borrower shall then be nt�ligated under Section 9 t�repay tv Lender any su�h amvunt. Lender may re�ake the wai�er
<br /> as to any or all Escrow Items at any time by a natice gi�en in accordance w�th Section 14 and, upan such revoca�ion,
<br /> Barrower shall pay�o Lender a11 Funds, and in such amaunts, that are then required under this Section 3.
<br /> NEBRASKA FHA DEED�F TRUST- MERS Dv�ll+f�rgrc
<br /> N EDaTZ2.FHA �91141'�5 Pag e 4 of 13 www.docmagic.com
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