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2� 1 ��7�41
<br /> LC7AN#:����o8$�T�
<br /> �. ►4pplicatian a�Paymen�s or Proceeds. Except as ofiherw�se described En this Section 2,a��
<br /> pa�ments accepted and applied by Lender�ha11 be applied in the�ollowing order of priari#y:�a}inter�st
<br /> du�und��the No�e;�h}princ�pal due under the Nv�e;�c}arnoun�s due under�ectian 3.�uch paymen�s
<br /> shail be appli�d�v�ac�periad�c Paym�nt in�h�arder in�nrhich it be��m�due.�Iny r�ma��ing�m�unts
<br /> shalf��applied f r�t�a late charges,se�vnd to any a�her�maunts due under th€s 5�curity�nsfirument,
<br /> and�h�n ta�edu��fhe principal balanc�of�he Note.
<br /> If Lender rece��es a payment fram Barrower far a delinq�ren�Periadi�F'ayment►nrh�ch inciudes a
<br /> su�c��n�amoun��o pay any iat�charge due,the paymen�may b�applied to�he d���nquen�payment�nd
<br /> the fate charge.l�'mar�than ane Periodic F'aymen�is outstanding,L�nder may ap�l�any payrnent r�cei�ed
<br /> frvm Borrower to fhe�epaymen�o�the Periodic Payrn�nts if,and to the ex�er�t that,ea�h paymen�can he
<br /> paid in�ull.Ta th�ex��nt�ha�any�xcess exis�s after the payment is app��ed t�the�'ull payment af on��r
<br /> rnore Periadic Paymen�s,such excess ma�be applie�to any�ate charges due.W�lun�a�-y prepaymen�s
<br /> shaf�be appli�d first ta�ny prepayrnen�Charges�nd then as des�ribed in the Note.
<br /> Any applic�ti�n of�ayment�,in�uranc�proceeds,or�iscellaneous Proce�ds to principal due under
<br /> the Note sha�l na��xf�nd or pvs�pane the du�dat�,ar�hange the amvun�,c�'�th�Peri�dic Payments.
<br /> 3. Funds for Escrvw items.Sorrower shall pa}��o L�nder on the day Periodic Payments are due
<br /> under the hlo�e,until�he hlote is paid in�ull,a sum�the"Funds"}to pra�ide for payment�f amounts due
<br /> fo�:��}taxeS and assessments and oth�r items which can at�ain priarity a�rer�his Secur�ty Ins�rum�n�as
<br /> a li�n vr encumbrance on#he Proper�y;�b}iea�eho�d paym�n�s or ground ren�s on the Praper�,i�any;
<br /> �c}pr�rri�ums fo�any ar+d a�l insurance required by Lender under ae��ion 5;and�d}�I�i�rt�age lnsuranc�
<br /> pr�miums,ifan�,vr any sums payable by Borrowertv L�nder�n lieu of�he pa�men�of[�or��age Insurance
<br /> premiums in accarda��e wi�h�he pr���si�n�a�Se��ian 1�.Th�se items are called"�scravv i�ems,"At
<br /> originatian or�t any t�me during th��erm of fihe Laan,Lender ma�+require tha��ommunity Asso�iati�n
<br /> ❑ues,�ees,and Assessmen�s,i�any,be escrowed b�Borraw��,and such dues,fees and assessrnents
<br /> shall be�n Escraw It�m.Barrower shail prompt��furnish to Lender a�l notices af amount�t�be pa�d under
<br /> th�s Sectian.Barrower shali�ay Lende�the Funds for E�craw��ems unless Lender wai�es Borrow�r`s
<br /> abl��ation�o p�y�h�Funds for any or a[��scrow Item�.�.�nder rnay waive Borrower's obligation to pay
<br /> �o Lender Fund�fc��an�ar al�Escr�r►v Items at any time.Any such w��ver m��on�y be in writing,In the
<br /> ��ent o�such wai�er, 8orrawer�half pay dir�ctly,when and where payable,the�maunts due for�ny
<br /> Escraw Items f�r vuhich paymen�o�Ft�nds h�s be�n w�i��d by Lender and, i�Lender requires,shall
<br /> furnish�a Lender re�eipts evidencing such payment within �uch�ime pe�ivd as Lend�r may�-equire.
<br /> Borraw�r'�abliga�ion�a make such paymentS an�to provide receipts shali�a�all�urpose�b�deemed
<br /> to b�a co�enant and agreement�vnt�in�d in�his Securit��nstrument, a�the phrase"covenant and
<br /> agreernen�" is used in 5ectinn�. if Borrov�+��r is ohligat�d�o pay Escrovv If�ms directly, pursuant to a
<br /> v►��iWer,and Borrower�ai�s to pay th�amaunt due for an Escrow�tem, Lender m�y exercise its righ�s
<br /> under�ectian 9 and pa�such amoun#and Borrawer shal�then be obligat�d under Se�tion 9 to repay
<br /> �o Lend�r�ny su�h amount.Lende�ma�y revoke th�wai��r as ta any vr all Escrow Items at any time by
<br /> a notice given in accordance w��h Sectian 15 and, u�an such revocativn,Borrawer shall pay�a Lender
<br /> a�i Funds,and in such amount�,that ar�then required under#his Section 3.
<br /> Lender may,at any time,c�liect and hald Funds in an�mount�a��u�fiGien��v permit Lender to apply
<br /> the Funds at�he time speGif�ed under R�SP�1,and�b}no�fa exceed the rnaximum amvunt a ler�der�an �
<br /> r�quire urtder RESPA.L�nder shall estima�e�h�amount of Funds due an the basi$af�urrent data and
<br /> rea�onab�e e�t�mates vf ex�enditure�vf�uture Escrow ltems ar otherwise in a�cardance wi�h�4pplica�ie
<br /> L�rN,
<br /> Th�Funds shall�e held in an institu#�r�n vvhvse deposits are insur�d by a�ederal agency,instrumenta��tjr,
<br /> or en�ity��nclud�n�Lender,��F Lender is�n�nstitut�on w�ose dep�si�s are so insur�d}or in any Federal
<br /> Home Loan Bank,Lender sha�l apply th�Funds ta pay the Escra�r Items no�ater than the tir�e specified
<br /> under��SPA.L.ender shalf na�charge f�orrorrver far ho�ding and appl�ing the Funds,annualf�analyzing
<br /> �he e�c�a►n►accaun�,or�erifying the Escrow Items,unl�ss Lender pays Borro�v��in��r�s#an the Fur�ds
<br /> �
<br /> and I�pp[icab�e La�nr permi�s Lender to make�uch a charge.�n��ss an agreement i�made in writing or
<br /> Applicabi�Lav�r requires inte�-est�a be paid an�he Funds,Lend�r shal�na�be r�quired to pay Bor�awer
<br /> an�interest a�earnings on t��Funds.Bar�-ower and Lender can a��ee�n wr�ting,however,�hat�nterest
<br /> �hall��paid on�h��unds.Lender shali gi�e ta�3a�rrawer,�nrithau�charge,an annual accounting v��he
<br /> Funds as�equired by RE�PA.
<br /> If�here is a surplus of Funds held in e�crow= as de�ined under R�SPA, Lender shall accvun��o
<br /> B�rra►n►er for�h�exc�ss�'unds in accar�ance with R.ESPA,If there is�sha�tag�o�Funds hefd in escrow,
<br /> as defined under RESPA,Lender�hall no�ify B�rro�+rer as required by R�SPA,and Borrower sha�l p��to
<br /> Lend�r�h�amaun�r�ecess�r�r�Q make up�h�shartag�in�ccordance�ith RESPA,but in nQ mvre�han
<br /> '��monthl�r payments.�f ther�is a defciency o�'Funds held in�scraw,as def ned under RESI�1�,Lender
<br /> shal�nofiify Barro�r�r�s required b�R.ESPA,and Bar�ovver shall pay ta Lend�r the amaunt necessary
<br /> �v m�k�up"the defci�ncy in a�cordanc�with RESPA,but in na more t�an'I�monthl�payments.
<br /> llpon payment in full o�ali sums secured by thi�S�curity Ins�rument,L�nder shall promptly r��und
<br /> #o Borraw�r any Funds���d�y Lend�r.
<br /> 4. �h�rg�s; Liens. Barrower�hall pay a�!taxes, assessments, cha�ges,�nes,�nd impo�itions
<br /> at�ri�u�ahle���he Prope�ty v►rhich c�n�ttain pr�ari�y a�er this�e�urity Ins�rumen�,i�asehal men�s
<br /> � p �
<br /> Initials: �
<br /> NEBFtASKA--Single Family--Fannie IVlaeiFredd�e Mac�NIFQ�tM iNST�tUMENT Farm 3028 1101
<br /> El�ie Mae,�nc. Page 4�f'i 1 NEEDEEd 0���
<br /> NEEaEED(CLS�
<br /> 9011212�16�?:48 AM PST
<br /> EY
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