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201605441 under the Note and this Security Inshvment shall be made in U.S. currency. However, if any check or other inshument received by Lender as payment under the Note or this Security Instrumen[is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender. (a)cash;(b)money order;(c)certified check,barilc check, treasurer's check or cashier's check,provided any such check is drawn upon an insrimtion whose deposits are insured by a federal agency, instrumentality, or entity; or(d)Electronic Funds Transfer. Payments aze deemed received by Lender when received at the lceation designated in the Note or at such other location as may be desigoated by Lender in accordance with the notice provisions in Section 15. Lender may ret�u�n any payment or partial payment if the payment or paztial paymenu are insufficient to bring the Loan currert. Lender may accept any paymert or paztial payment insufficient to bring the Loan currert, without waiver of any rights hereunder or prejudice to iu rights to refuse such payment or paztial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date,then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment w bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either appty such funds or return them to Borrower. If not applied eazlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might ha�e now or in the future against Lender shall relieve Borrower from making paymenu due under the Note and this Security Inshument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a)interest due under the Note; (b)principal due under the Note; (c)amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. My remaining amounts shall be applied£ust to late charges, second to any other amounts due under this Securiry Insffument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late chazge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the e�ctent that, each payment can be paid in full. To the extent that any excess existc after the payment is applied to the full payment oF one or more Periodic Paymenu, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment chazges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under ihe Note shall not eactend or postpone the due date, or change the amount, of the Periodic Paymenu. 3. Ftinds for Escrow Items. Borcower shall pay to Lender on the day Periodic Payments are due under the Note, urtil the Note is paid in full, a sum(the"Funds")to provide for payment of amounts due for. (a)taxes and assessments and other items which can attain priority over this Security Instrumert as a lien or encumbrance on the Property; (b)leasehold payments or groand rents on the Property, if any; (c)premiums for any and all insurance required by Lender under Section 5;and(d)Mortgage Insurance premiums,if any,or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insarance premiums in accordance with the provisions of Sectio� 10. These items are called"Escrow Items." At origination or at any time during[he term of the Loan,Lender may require that Communiry Association Dues,Fees,and Assessmerts, if any,be escrowed by Borrower,and such dues, fees and assessments shall be an Escrow[tem. Borrower shall promptly fwnish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligarion to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, when and where payabte,the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires, shall fiunish to Lender receipu evidencing such payment within such time period as Lender may require. Borrower's o6ligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Securiry Ins[rumeM, as the phrase NEBRASKA—Single Family—Fannie Mae/F2ddie Mac UNIFORM INSTRUMENT- MERS p��g� Form 3028 1lOi Page 4 af 15 www.docmagic.cnm