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<br /> 2� 1 ���857 �
<br /> ar this 5ecurity Ir�trument is returned ta Lender unpaid, Lender may require that any or all subsequent payrr�ents due
<br /> under the Note and this S�curity Ins�rument be made in nne�r more of the fo1l�w�ng forms, as selected by Lender:
<br /> �a}cash; �b}mvn�y�rder; �c� certified�heck, bank check, tr�asurer's check or cashier's�he�k, pravided�.ny such
<br /> check�s drawn upon an instituti�n wh�se deposits are insured by a federa�agency, instrumentality, or ent�ty; or(d�
<br /> Electronic Funds Transfer.
<br /> Fayments are deemed r�ceived by Lend�r when received at the�ocatian desig�ated in the Nvt�or at su�h nth�r
<br /> lacation as may be designated by Lender in ac�ardar�ce w�th the natice prnvisions in Sectian 14. L�nder may re�urn
<br /> any payment or partial payme�t if the paymen�or partial payments are insuff cient to bring the Laan�urrent. Lender
<br /> rnay accept any payment ar partial payment insuffi�ient to bring the Laan current, withaut wai�er of azay rights
<br /> hereunder vr prej�dice �o its rights t� r��u�e �uch paym�nt �r partial payments in the future, but Lender is nat
<br /> obiigated to apply such payments at�he tim�su�h payments are accepted. If ea�h Periodi�Payment is applied as of
<br />� its scheduled due date, then Lender ne�d not pay interest on unapplied funds. Lender may hold such unapplied funds
<br />� until Borrower makes,payment t�bring the Laan current. If Borrower d��s not do sa within a reasonable period of
<br /> time, Lender shall either apply su�h funds or return them t� E�orrawer. If not applied earlier, such funds wi1� be
<br /> applied to the auts�anding principal balance ur�der th�Note immediately prior to foreclosure.No offset or claim which
<br /> i Borrower might have n�w or an the future against Lender sha�l re�i�ve Barrovver from making payments due und�r
<br /> the N�te and this Security Instrum�nt or p�rforming the covenants and agr��m�n�s se�ured�y this Security Ins�'um�nt.
<br /> 2. Application of Payments or Proceeds, Except as �therwise desCrib�d in this Sec�ion 2, a11 payrnents
<br /> ac�ept�d and applied by Lender shall be applied in#he following order of priori�y:
<br /> First, to the Mortgage Insuranc�premiums to be paid by Lender to the Secreta.ry or�he monthiy charge by the
<br />' Secretary inst�a�i af the mor�thl�rr�o�tgage insuranc�premiums;
<br /> Se�ond, t�any taxes, special assessments, leas�hald payments�r ground rents,and fire, fla+od and ather hazard
<br /> insurance premiums, as required;
<br />� Third, to interest due under the N�t�;
<br />,
<br /> F ourth, to am�rtizativri of�he principal of the Note; and, F ifth, to lat�chaxges due und�r the Nnte.
<br /> Any application nf paym�nts, insurance proceeds, or Miscellan��us Proceeds to principal due under the Nnte
<br /> shall n�t ext�nd�r pastpane the due date, or chang�the am�unt of the Peri�dic Paym�nts.
<br /> 3. Funds far Escrow Items. Borrower shall pay t�Lender on the day Periodi�Paymen�s axe due under th�
<br /> Note, unt�I the N�te is paid in fu�l, a sum�the "Funds"}to pravide fnr paym�nt of amounts due for: (a� taxes and
<br /> assessments and oth�r items which can attain pr�arity o�er th�s Security Instrum�nt as a lien or encurnbrance�n the
<br />� Prnperty; �b� leasehold payments or grQund rents on the Property, if any; ��}premiurns for any and a11 insurance
<br /> required by Lender under Secti�n 5; and��}Mor�.gage�n.s�.ran��pr�n�iums to be paid hy Lender ta the Se�re�ary or
<br /> the month�y charge by the Secretary instead af the manthly Mortgage �nsurance prerniums. Th�se items are called
<br /> "Escr�w Items." At or�gination or at an�t�me during the term�f the Loan, Lender may require that Community
<br /> Association Dues,Fees,and A�sessments, if any,be escr�wed by Borrawer,and su�h dues,fe�s and assessm�nts sha.il
<br /> be an Escraw I�em. Borrower shal�promptly furnish to Lender all natices of amounts to be paid under this 5ecti�n.
<br />�
<br /> Borrower shall pay Lender the Funds for Escrov�Items unl�ss Lender waives Borr�wer's obligatian to pay the Funds
<br /> for any or all Es�rvw It�ms. Lender may wa.�ive Borrower's obligation to pay to Lender Funds for any or all Escraw
<br /> Items at any time. Any such waiver may only be in writing. In the event of su�h Wai�er,Borrower shall pay d�rectly,
<br /> when and where p�.yabl�, the amounts due for any Escrow Items for which payment of Funds has been waived�y
<br />! Lender and, �f L�nder requires, shall furnish to Lender receip�ts evzdencing such payment within such tirne period as
<br /> Lender may require. Borrower's�bligation ta mak�su�h paym�nts and to provide receipts sha11 for all purposes be
<br />;
<br /> deemed ta�e a Covenant an�i agxeement cantained in this�ecurity Ins�rument, as t�ie phrase"���r�ant and agre�ment"
<br />! is used in Sec�ian 9. If Borr�W�r is obligated to pay Escrow Items d�rectly,pursuan�t to a waiver, ar�d Borrower fai�s
<br /> to pay��amour�t due for an EscrQw�tem, Lender may exercise its rights under Section 9 and pay such am�unt and
<br /> Borrawer shall then b�obligated under Section 9 to repay to Lender any such amount. Lender may revok�the waiver
<br /> as to any flr all Escro�v It�ms at any time by a natice given in accardance with Secti�n 14 and,upon such revaeati�n,
<br /> Borraw�r sha11 pay to Lender all Funds, and in such amounts, that are then required under this Section 3.
<br /> NEBRASKA FHA DEED�F TRUST- MERS Dn������
<br /> N ED9TZ�.FHA �9114115 Pag�4 of 13 vriww,docmagic.com
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