2� 1 ��38��
<br /> or this Securit��ns�rumen�is returned�❑Lender unpaid, Lender may requ�re that an�r or all subsequent payments due
<br /> under the Note and this Securily Instrumen�be made�n one or more af�he fo�lov�ring forms, as selec�ed b�r Lender:
<br /> �a} cash; �b} m�ney order; �c} cerfif�ed check, hank chec�, treasurer's check or cash�er's �heck, prov�ded any such
<br /> check��drav�rn upon an�n��itution v�hase deposits are insured by a federal agency,instrumen�al�ty, vr entity; ❑r�d)
<br /> Electron�c Funds Transfer.
<br /> Pa�men�s are de�med received by Lender�hen recei�red a�the�ocatinn designated�n�he Note ar at such ather
<br /> lvcation as may be�e��gna�ed by Lender in accordance v�ith the na��ce provisions in Sect�on 14. Lender ma�re�urn
<br /> an�payrnent ar partial pa�men�if the payment or part�a�payments are�r�sufficient to bring#he Laan curren#. Lender
<br /> ma� aCcep� an� paymenf ❑r partia� payment �nsuffic�en� to bring the Lvan �urren�, v�rithaut v�rai�er of an� rights
<br /> hereunder ❑r prejudice ta its r�ghts to refuse such pa�ment or partial pa�ments in the fu�ure, �but Lender is nat
<br /> obligated tv apply such payme�ts a�the time such pa�ments are a�c�pted. �f each Periad�c Payment�s applied as af
<br /> its scheduled due date, �hen Lender need not pay interest on unapplied funds. Lender may ho�d such unapp�ied funds
<br /> until Barra�ver makes payment tv bring the Loan current. If Barrv�rer daes not do so vvithin a reasvnab�e perivd af
<br /> txme, Lender sha�I either apply such funds or return them �a Borrv�ver. �f not applied earlier, such funds �ri�l be
<br /> applied��the�utstanding prinCipal�alanc�under the Nvte�mmediatel�pr�or ta foreclosure.No offset�r c�aim�r�rh�ch
<br /> Borro�rer m�ght have no�v or in the future against Lender shall re��eWe Borrv�er fram mak�ng pa�rmen�s due under
<br /> the Note and this Securit��nstrumen#❑r perfarming the co�renants and agreemen#s secured b�this Securi�Ins�rument.
<br /> 2. Applicat�v� af Pa�ments or Proceeds. Except as othervvise descr��bed in thxs 5ec�ion 2, al� paymen�s
<br /> a�Gepted and applied�y Lender sha11 be app�ied in the fallawing order of privri�:
<br /> First, tv the M�rtgage Insurance premiums t�be paid by Lend�r ta�he Secretary ar the mvn�hly charge by�he
<br /> 5ecre�ar�r instead of the m�nthly mortgage insurance premiums;
<br /> S�cvnd, to any taxes,special assessments,�easehvld pa�ments or grvund rents,and fire,flavd and❑ther hazard
<br /> insurance premiums, as requ�red;
<br /> Third, fv interest due under�he Note;
<br /> Fourth, t� amortizatian af the principa� of the No�e; and, F�fth, tv late charges due under the Nate.
<br /> Any app�icatian of paymen�s, insurance proceeds, ar Mis�ei�aneaus Praceeds tfl princ�pa� due under the Note
<br /> shal�nvt extend ar pos�pone �he due date, or change the amvunt of the Periodic Pa�rmen�s.
<br /> 3. Funds for Escraw Items. Barrov�rer shal�pay tv L�nder on�he da��r Per�odic Pa�ments are due under the
<br /> Note, un�il �he Nvte is paid in full, a surn �the "Funds"} ���ra�ide for pa�rnen� of amounts due for: �a) ta�es and
<br /> assessxnen�s and o�her items�vhich can a�tain pr�ori�o�rer�his Security�nstrumen�as a lien or encumbrance vn the
<br /> Property; �b} leasehvld payments ar grvund rents on the Proper�y, �f any; �c} prem�ums for an�and a11 insuran�e
<br /> required by Lender under Section 5; and �d� M�r�gage Insurance premiums�o�e pa�d by Lender to the Secretar�or
<br /> �he man�h�y charge by the Secretar��ns�ead of�he man�h�y Mvrtgage Tnsurance premiums. These items are called
<br /> "Escrvv�Items." At vrig�nation ar at an� t�me during the term of the Lvan, Lender may require that �ammuni�r
<br /> Association Dues,Fees,and Asse�sments,if any,�e escro�nred by Borrov�er,and such dues,fees and assessrnent�sha��
<br /> be an Escro�I�em. Barrv�er shall promptly furn�sh to Lender al�natices of amaunts to be paid under�his Section.
<br /> Borro�rer sha�l pa�Lender�he Funds for Escro��tems unless Lender�a��es Borrov�er's vbliga�ian#o pa�r the Funds
<br /> for any or a11 Escro�v�r I�ems. Lender ma�wai�e Bvrro�ver's obligation to pay t�Lender Funds for an�ar al�Escrov�
<br /> ��ems at an���me. An�such v�a�ver ma�on���e in�vriting. in the event of such�nraiver,B�rr�wer shall pay direct�y,
<br /> vvhen and v�rhere pa�able, the amounts due far any Escra�Items for�hich payment of Funds has been vvaived by
<br /> Lender and, �f Lender requires,sha�l furnxsh tv Lender re�eip�s e�idencing such payment�ithin such�ime perxod as
<br /> Lender may requ�re. Borro�nrer's vb�igation to make such pa�men�s and to provide receipts shail far a��purposes be
<br /> deemed tv be a co�enant and agreemen�cvntained in�his Security Ins�rument, as�he phrase"covenan�and agreement"
<br /> xs used in Sec�ivn 9. If Borro�rer is obliga�ed to pa�Escro�r�tems direct��, pursuant�o a v�raiver, and Borra�ver fails
<br /> to pa�the amount due for an Escrov�r�tem, Lender ma�exerci�e it5 rights under Sectinn 9 and pay such amvunt and
<br /> Borrower�ha��tihen be vbligated under Section�ta re�a�to Lender an�such amvunt. Lender may re�roke the�ax�er
<br /> as t�any or al�Escrovv�tems at an��xrne b�a nv�ice giver�in accvrdance�v�ri#h 5ec�ion 14 and, upon such revacation,
<br /> Borro�er sha11 pay�o Lender a11 Funds, and in such amoun�s, tha�are then required under thi� Sectian 3,
<br /> NEBRASKA FHA DEED C�F TRUST W MERS DoGMag►C ��'o
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