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2� 1 ��315�
<br /> t�br�ng the Loan current.If Barrower d�es not d�so within a reasonahle period af time,Lender shal��i�her apply such
<br /> funds or return them t�Borrov�er.If n�t applied ear�ier,such funds wi11 b�applied to the�utstanding principal balance
<br /> under th�Note immedia�ely prior ta foreclosure.No offset or claim r�hich Borrower might ha�e novv or in the future
<br /> against Len�er shall relieve Borrower from making payments due under the N�te and this Security Ins�rument ar
<br /> performing the correnants and agreements secure�.b�this Security Instrument.
<br /> Z.Applicativn of Payments or Proceeds.Except as otherwise descri�ed in this Section 2,a1�paym�nts acc�pted
<br /> and appiied by Lender shal�be applied in the following vrder af priority:�a}interest due under th�Note;�b�principal due
<br /> ut�der the Note;�c�amounts due under 5����on 3.�uch payments sha11 be appli�d to each Periodi�Payment in the�rder
<br /> in vwhich it became due.Any remaining amounts shall be applied first t�late charges,second to any other amounts due
<br /> under this Security�nstrument,and th�n to reduce the principa�balance of�he Note.
<br /> If Lender recei�es a paymen�from Borrov�er for a deiinquent Per�od�c Payment whi�h includes a sufficient amaunt
<br /> to pay any late charge due,the paymen�may be applied to the delinquen�payment and the late charge.�f more than ane
<br /> P�riodic Fayment is outstanding, Lender may apply any payment r�ceived from Borrow�r to the repayment of�he
<br /> Periodic Payme�ts if,and to the extent that,each payment can�e paid in fu�l.T�the extent that any ex�ess exi�ts after
<br /> the payment is applied ta th�full payment of one or more Periodic Payments, such excess may be applied to any Iate
<br /> �harges due.Voluntary prepayments shall be appiied first ta any prepayrnen�charges and�hen as described in the N�te.
<br /> Any applicati�n of payments,insurance proceeds,or Misce�lan�ous Proceeds to principal du�under the Na�e shall
<br /> not extend or postpone the due da�e,or change the amoun�,�f the P�riodic Paymen�s.
<br /> 3.Funds f�r Escrow It�ms.Barrower shall pay to Lender�n the day Peri�dic Paymen��are due under�he N�te,
<br /> unti�the N�te is paid i.n fu�l,a sum�the"Funds"�to pro�ide f�r paymen�of amaunts due for:�a��axes and assessments
<br /> and o�her i�ems which can attain �ri�rity a��r th�s Security Instrument as a Iien or encumbrance an the Property;
<br /> �b}�easehold payments or ground rents on the Property,if an�;�c�pr�mium�for an�and all insurance required by Lend�r
<br /> under Sectian 5;and�d�Martgage�nsurance premiums,if any,ar any sums paya�le by Borro�ver to Lender in lieu of the
<br /> payrnent of Mortgage Insurance premiums in accordance wi�h�he�pro�isians of Sectian 1�. These �tems are calied
<br /> "Escrow Items." A� orig�nation or a� any time during the term of the Laan, Lender may require tha� Community
<br /> Assac�ation Dues,Fees,and Assessments,�f any,be escrowed by Borrower,and such dues,f�es and assessm�nts sha�l be
<br /> an Es�row Item. B�rrawer shall pr�rnptly furnish to Lender a11 notices af amounts to be pa�d under this Section.
<br /> Borrower sha11 pay Lender the Funds for Escrow�tems unle�s Lender waives Borrower's ob�i�a�ion ta pay�he Funds for
<br /> any�r all Escrnw Items.Lender may waive Borrower's obliga�ion to pay xa Lender Fur�ds for any or a1i Escrow Items at
<br /> any time.Any su�h wai�er may only b�in writing.In�he ewent of such waiver,Borrower shall pay directly,vvhen and
<br /> where payable,the amounts due for any Escrow�tems for which payment of Funds has been wai�ed by Lender and,if
<br /> Lender requires, shall furnish to Lender rece�pts e�idencing such paymen�wi�hin su�h �ime period as Lender may
<br /> require.Borrower's ob�igation t�make such payments and to pro�ide receipts shall for ali purposes be deemed�o be a
<br /> co�enan�and agreement contained in this Se�urity Instrumen�,as the phrase"c�venant and agreement"�s us�d in Section
<br /> 9.If Borrower is obligated to pay Escr�w Items dire�tly,pursuant to a v�aiver,and Borro�ver fails to pay the amount due
<br /> f�r an Escr�w Item,Lender may e�ercise its rights under 5ectian 9 and pay such amount and Borrawer shall then be
<br /> ��ligated under Section�ta repay t�Lender any 5u�h am�unt.Lender may re�ake th�v�aiver as t�an�or a11 Es�row
<br /> Item� at any�ime by a notice gi�en in accordance w�th Sec��on 15 and, upon such re�acation,Borrower sha11 pay to
<br /> Lender a11 Funds,and in such amounts,that are then required under this Section 3.
<br /> Lender may,at any tirne,collect and h�ld Funds in an amount�a�sufficient to permit Lender to appiy�he Funds at
<br /> the time specified under RESPA,and(b}not to exceed the ma�imum arnount a lender can require und�r RESPA.Lender
<br /> shall estimate#he amoun�of Funds due on the basis of curr�nt da�a and reasonable e�tima�es of expenditures of fu�ure
<br /> Escrow Items ar otherwise in accordance with Applicabl�Law.
<br /> The Funds shall be held in an institutivn�vhnse deposits are insured by a federal agency,instrumentality,or entity
<br /> (including Lender,if Lender is an insti�ution whose deposits are so�nsured}or in any Federal Home Laan Bank,Lender
<br /> shall apply the Funds to pay the Escrov�Items no iat�r than the time specified under R.ESPA.Lender sha�l no�charge
<br /> BarrovWer for holding and applying the Funds,annual�y analyz�ng the escrovv accoun�,or verifying the Escrow I�ems,
<br /> unless Lender pays Borrower interest vn the Funds and Appli�able Law permits Lend�r to make such a charge.Unle�s an
<br /> agreemen�is made in writing or Applicable Law requires interest to�e paid�n the Funds,Lender�hall nvt b�reguired��
<br /> NEBRA5I�A-Single Family-Fannie�[aelFr�ddie Mac UNIF�RM INSTRLIMENT with MER� Farm 2$ �1��
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<br /> �os,�nc.-���7 Bvrrawer�s}Initials
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