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<br /> or�h�s Security�nstrumen�is returned t�Lender unpaid, Lender may require that any or a11 subsequent payments due
<br /> under the Note and this Security Inst�ument be made in one or more of the followi.ng forrns, as sele�ted by Lender:
<br /> �a�cash; [b�mone�arder; �c��er�t�fied check, bank check, treasurer's check or cashier's check, pro�ided any such
<br /> check is drawn upon an anstitution whose deposi�s are insured by a federal agenc}�, instrumentality, o.r ent�ty; or�d�
<br /> Electronic Funds Transfer.
<br /> Payments are deemed received by Lender when recei�ed a�the�ocat�on designa�ed in the Note or at such other
<br /> location as may be designated by Lender in accvrdance vvi�h the noti�e pravisions in Section 14. Lender ma�return
<br /> any payment or partiai payment if the payment or partia�payments are insufficient to bring the Loan current. Lender
<br /> may accept any payment ar partial payment insufficient �o bring the .Loan current, without vWai�er of any rights
<br /> hereunder or prejudice to its righ�s to refuse such pa�ment or partia� payments in the future, but Lender is nat
<br /> obligatied�o apply such payments at the t�rne such payments are accepted. If each Periodic Payment is applied as of �
<br /> its scheduled due date, then Lender need not pay in�eres�on unapplied funds. Lender may ho�d such unapplied funds
<br /> un�il Borrawer makes payment to bring�he Loan current. If Barrower d�es not do so within a reasvnable p�riad of
<br /> time, Lender shall either apply such funds or return �hem �o Borrower. 7f no� applied earlier, such fu.nds will be
<br /> appiied t�the outstanding p�ri.ncipal balance und�r the Note immedia�ely pr�or to foreclasure.Na offset or claim vWhich
<br /> Borrower might ha�e now or in the future against Lender shal�relieve Barrawer from mak�ng paymen�s due under
<br /> the Note and this Security�nstrumen�or perform�ng the c��enants and agreements secured by this Security Instrumen�.
<br /> 2. Appiication of Payments ar Proc�eds. Except as �therwise described in this Section 2, all payments
<br /> accepted and app�ied by Lender shal�he applied in the following order of priori�y:
<br /> First, to the Martgage Insurance prerniurns to be paid by Lender�a�he Secr�tary or the monthly charge by the
<br /> Secretary instead of the monthly mortgage insurance premiums;
<br /> Second, to any taxes, special assessm�nts, �easehold payments ar ground rents, and fire, fload and other hazard
<br /> insurance premiums, as required;
<br /> Third, t� interest due under the No�e;
<br /> F�urth, t�amortization of�he�rinczpal of th�Note; and, Fi�h, ta late charges due under the Nvte.
<br /> Any application of payments, insurance proceeds, or Mis�el�aneous Proceeds to princ�pa�due under the Note
<br /> shal�not extend or postpon��he due da�e, or change the amount of the Per�adic Payments.
<br /> 3. Funds for Escrow Items. Borrower shall pay�o Lender on the day Periodic Paymen�s are due under the
<br /> Note, un�il the Note is pa�d in full, a sum �the "Funds"}to pro�id� for paymen� of amaunts due far: �a�taxes and
<br /> assessm�nts and other items which can at�ain priority o�er tihis Security Instrument as a l�en or encumbrance on the
<br /> Property; �b} leasehold pa}�ments or graund rents on the Property, if any; �c} premiums for any and a11 insurance
<br /> required by Lender under Section 5; and�d}Mortgage�nsurance premiums to be paid by Lender to the Secretary�r
<br /> the manthiy charge by the Secreta.ry�nstead of the monthly Mortgage insuranc�premiu.ms. These items are cailed
<br /> "Escrow Items." A� �rigination or at any �irne during the term �f�he Laan, Lender may requ�re�hat Cammunity
<br /> A►ss�c�a�ion Dues,Fees,and Assessmen�s, if any,�e escrowed by BorrovWer,and such dues, fe�s and assessments shal�
<br /> be an Escrow�tem. Bflrrower shall promp�ly fu.rnish to Lender al� natices of am�unts to be paid under th�s Section.
<br /> Barrower shall pay Lender�he Funds for Escrow It�ms un�ess Lender wai�es Borrower's obligation to pay the Funds
<br /> for any or all Escrow Items. Lender may wai�e Bvrrower's ob��gation to pay tio Lender Funds for any ar a�l Escrow
<br /> ��ems at any�ime. Any such wai�er may only be in writing. In the e�ent of such wai�er,Barrower sha11 pay direct�y,
<br /> when and where payahle, the amounts due for any Escrow Ttems fnr which payment af Funds has been wai�ed by
<br /> Lender and, if Lender requ�res, shall furnish to Lender receipts e�idencing such payment vv�thin such time period as
<br /> Lender may require. Bflrrower's�b�iga�ion to make such payments and to pro�ide receipts shall fvr a�1 purposes be
<br /> deemed to be a co�enant and agxeemen�contained in�his Security I.nstrument, as the phrase"co�enant and agreernent"
<br /> is used�n Section 9. �f Bvrrower�s obligated�o pay Escrow Items directly, pursuant to a wai�er, a.nd Borrovver fai�s
<br /> to pay the amounti due for an Escrow�tem, Lender may ex�rcise its rights under Sec�ian 9 and pay such amaun�and
<br /> Borrower shal�then be obligated under Section 9 to repay�o Lender any such amount. Lender may re�oke the wai�er
<br /> as to any or al�Escrow Items at any time hy a notice gi�en in accardance with Section 14 and, upon such re�ocation,
<br /> BorrovWer shall pay�o Lender aIl Funds, and in such amaunts, that are then required under this Section 3.
<br /> NEBRASKA FHA DEED �F TRL15T - MERS Dnc111Jagi�
<br /> N ED�TZ2.FHA fl91�4115 Pag e 4 of 13 www.d��magic.�am
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