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<br /> or this Securi�y Instrument is re�urn�d to Lender unpaid, Lender may re�uire tha�any ar a��subse�uent payments due
<br /> under the Note and this Security Instrumen�be made in ope or mare of the following forms, as selected by Lender:
<br /> �a} cash; �h�money order; �c} certified che�k, ban� �heck, �reasurer's check ar cashier's check, pro�ided any such
<br /> check is drawn upon an ins�ituti�n who�e deposits are insured by a federal agency, instrumentality, ar entity; or�d�
<br /> Electron�c Funds Transfer.
<br /> Payments are deemed re�eived by Lender when received at the laca�ion designated �n the Nate ar a�such other
<br /> location as may be designa�ed by Lender in accardance wi�h the no�ice pro��s�ons in Section 14. Lender may return
<br /> any payment or partia�paymen�if the payment ar part�al payments are insufficient ta bring the Loap current. Lender
<br /> may accept any payment or partiai paymen� ipsufficient to bring the L�an curren�, withaut vvaiver flf any rights
<br /> hereunder ar prejudice ta its rights to refuse such payment or partial payments in the future, but Lender is not
<br /> obligated�o apply su�h paymen�s at th��ime such payments are accepted. If each Period�c Payment is app�ied as af
<br /> its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapp�ied funds
<br /> until Borrawer makes payment to bring the Loan �urrent. If Borrower does no� do sa within a reasonable period of
<br /> time, Lender sha11 either apply such funds or r�turn them to Barravver. �f not app�ied earlier, such funds wi�� be
<br /> applied to the outstand�ng principal balance under the Nate immediately p�ior to foreclosure.No offse�or claim which
<br /> Barrower might ha�e now or in the future agains� Lender shall relie�e BorrovWer from mal�ing payments due under
<br />: the Note and�his Secur��y Instrument or performing the covenants and agreemen�s secured by this Security Instrument.
<br /> 2. App�ication of Payments vr Proceeds. Except as atherwise described in �his Se�tian 2, all payments
<br /> a�cepted and applied�y Lender shall be appli�d in the following order of priority:
<br /> First, to the Mortgage Insuranc�premiums to be paid by Lender to the Secretary or�he man�hly charge by the
<br /> Secretary �nstead of the m onth�y m ortgage �nsurance pr�m ium s;
<br /> Second, to any taxes, spec�al assessments, leasehoId payments or graund rents, and fire, flood and other hazard
<br />� insurance premiums, as required;
<br /> Th�rd, to int�rest due under�he No�e;
<br /> Fourth, to amortizatian nf the principal of�he Note; and, Fifth, to late charges due under the No�e.
<br /> Any application of payments, insurance proceeds, or Misce�laneous Proceeds�o principal due under the No�e
<br /> shall not extend or postpone the due date, or change the amaunt of the Periodic Paymen�s.
<br /> 3. Funds far Escraw Items. Borrower shal� pay to Lender on the day Periodi� Pa}���ents are due under the
<br /> Nate, until the Nate is paid in ful1, a sum �the "Funds"��o pro��de for payment af amounts due far: �a} taxes and
<br />: assessmep�s and o�her �tems wh�ch can attain priar�ty over�his Security Ipstrument as a li�n or �ncumbrance on the
<br /> Praperty; �b� leasehold payments or ground rents �n the Praperty, if any; �c� premiums for any and all insurance
<br /> reyuired by Lender under Sec�i�n 5; and�d} Mortgage Insurance premiums to be paid by Lender to the Secretary ar
<br /> the m onthly charge by the 5e�retary instead af the month Iy M ortgage I nsuran�� prem i um s. These items are cal l ed
<br /> "Escrow Items." At arigination or at any �ime during the term of the Loap, Lender may re�uire that ��m�nunity
<br /> Asso�iation Dues, Fees,and As�essments, if any, be escrowed by Borrawer,and such dues, fees and assessments shall
<br /> be an Escraw Item. Barravver shall promptly furnish t� Lender a�� noti�es of amaunts to be paid under this Section.
<br /> Barrawer shall pay Lender the Funds for Escr�w Items unless Lender�vaives Borrower's obligati�n to pay the Funds
<br /> far apy or all Escrow��ems. Lender may wai��Borrovver's abligation to pay to Lender Funds for any or al� Escrow
<br /> Items at any time. Any su�h wai�er may anly be in writing. In�he e�ent af such wai�er, Borrower shail pay directly,
<br /> v�hen and where payable, the amounts due for apy Escraw Items for which paymen� af Funds has been waived by
<br /> Lender and, if Lender requires, shall furnish to Lender receip�s e�idencing such payment within such time periad as
<br /> Lepder may reQuire. Borrower's obligation to make such payments and to pro�ide receipts shall for a�l purposes b�
<br /> deemed tn be a c�venant and agreement conta�ned in this Security Instrument, as�he phrase"co�enant and agreement"
<br /> is used in Section 9. If Borrovver is obl igated to pay Escrovw�tem s d�rectly, pursuant to a wai�er, and B�rrower fai ls
<br /> to pay the amaunt due for an Escrow Item, Lend�r may exercise its rights under Sectiop 9 and pay such amount and
<br /> Borrower shaIl then be obliga�ed under Se�tion 9 to repay to Lender any such amoun�. Lender may re�ake the wai�er
<br /> as to any or aIl Escrow Items at any time by a notice gi�en in accordance wi�h Sect�on 14 and, upon such re�ncation,
<br /> Borr�wer �hal� pay ta Lender all Funds, and in such amounts, �hat are then r�quired under this Sectian 3.
<br /> NEBRASKA FHA ❑EED �F TRLIST - MERS DocMa�ic o
<br /> N E�DTZ2.FHA �91141�5 Pag e 4 vf �3 www.docmagic.com
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