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2� 1 ��34�� Payments are deemed recei�ed by Lender wh�n receiv�d at the location designa�ed in the Note�r at such o�her location as may be designated by Lender in accardance with the notice pr��i�ions in Sect�on �5. Lender may return ar�y payment or partia� payment if�he payrnent or partial payments are insuffcient to bring the Loan currei�t. Lender may accept a��y pay��nent ar partial pay�nent insufftcient �o bring the Loan curren�, withaut wai�er of any rights hereu��der ar prej�.tdic��a its rights to refuse such payment or partial payments in the fL�ture, but Lender is not obligated to apply such payments at the time such paymen�s are aCcepted. If each Periodic Payment is appli�d as af i�s schedu�ed due date, �hen Lender need not pay interest on unappli�d funds. Lender may hold such unapplied funds until B�rro�ver makes paymen�s to bring the Loan current. If Borrower does no�da so vvithin a reasonab�e peri�d of time, Lender shall either apply such funds or return them ta Borro�ver, If n�t applied earlier, such fun�s will be applied to the outstanding principaI balance under the Note immediately prior to fareclosure. No offs�t�r claim which Borrower might ha�e novv or in the fut�.�re against Lender shai� relie�e Borr�wer from making paym�nts due L�nd�r the Note and�his Security Instrut�nent or performi��g the co�enai�ts and agreements secured by �his S�curity Zns�rume��t. �. App�ication of Payments ar Proceeds. Excep�as otherwise described in this Sec�io��2, all payments accepted and app�ied by Lender shal� be applied in the f�llovving order of priority: �a� interest due under the Note; �b} pri�7cipal due u��der the N�te; �c} amounts due under Section 3. Such payments shall be applied�o each Periodic Paymet�t i��the order in which it beca�ne d�.�e. Any remaining amounts shal� be app�ied first t� late charges, seco��d to any other amounts due under this Security Ins�rument, and�hen ta reduce th� principal balance of the Note. If Lender recei�es a paytnent from Borrovv�r for a delinquei�t Periodic Paymei�t which includes a sufficient arr�ount�a pay any lat�charge due, the payinent may be appl ied to the del inquent paymen� and th� late charge. �f more than o�ze Periodic Payment is autstanding, Lender may apply any payment recei�ed fram Borr��er ta the repaymen�of�he Periodic Payments if, a��d �o the extent that, each paymen�can be paid in full. To the�xtent that any excess exists after the payment �s applied to the full payment of one or more Periodic Pay��nents, such excess may be app�ied to any late charges due. Voluntary prepayments shall be applied first to a��y prepaym�n�charges apd�hen as described in the Note. Any applicatio��of payments, insurance p�oceeds, or Miscellaneous Proce�ds�o principal due ur�der the Note shall not extex�d�r p�stpone��1�due da�e, or change the amoull�, of t�1e Periodic Paymen�s. 3. Fund� for Escr�w Items. Borrower sl�all pay to Lende�-on the day Periadic Payments are due under the N�te, until the Na�e is paid in full, a sum ��he "Funds"}to pro�ide for payment of amounts due for: �a}�axes and asses�ments and other items which cap at�ain priority o�er this Security Instrument as a lien or ez�cu��bra�lce on the Proper�y; �b} leasehald payments ar gra��nd rents on the Property, if a��y; �c}premiums for any a�1d a�� it�surance requ�red by LeY�der under 5�ction 5; and �d� Mortgage Insura��ce premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of M�rtgage �z�surance prem i ums i n accordance with�he pro�isi ons of Section 1�. These items are called "Escror�v Iteins." At nri�ina�io�� or at any time during the term af the Loan, Lender may require that�ommunity Association Dues, Fees, and Assessments, if any, b�escrovved by Bar�o�ver, and such dues, fees and assessmel��s sha�1 be an Escro�v Item. Barrower sha�1 promptly furnish to Lender all no�ices of amount�tn be paid unde��his Secti�n. Borrovver shall pay Lender�he HCFG-aD359 NEBRASKA-5ingl�Family-�annie MaelFre�die Mac UNIFqRM INSTF�LJM�NT Form 302$11Q1 VM P� �1115 Walters Kfuwer�inancial Servic�s 2415�521�5.3.�.35a�-J2Q"!64120Y Page 4 af 17 *92285371�2 3'