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2� 1 ��8���
<br /> LC]AN#: 16351?'l'�3�
<br /> �. App�i�ation ❑f Paym�nts or Proce�ds. Except as �therwise descr�bed in #his S�c#ion Z, all
<br /> payments accepted ar�d applied by Lender shall ��applied�n the failowing order af p�ivrit}�: �a}interest
<br /> due under�h�No��; �b}princi�a�due under the N��e; �c�amounts due under Se�t�vn 3, Su�h paym�n�s
<br /> shall be appii�d to each F�ri��ic Rayment in the�rder in which i�became due.Any�emain�ng amoun�s
<br /> shall be appl�ed first�o�ate charges, second ta any vther amounts due under�h�s Security fnstrumen�,
<br /> and then to reduce the principal balanc�af the No�e.
<br /> If Lender recei�es a paymen�from Borrower�or a delinquent Periodic Paymen� �hi�h includes a
<br /> suff�cien�amount ta pay any�ate charge due,the paym�nt rnay be appl�ed to th�d��inquen#paym�nt and
<br /> th�late�harge.If mare than one Periodic Payment is outstar�ding,Lender may apply any payment r�ceived
<br /> �rvm B�rrt�werto th�repayment vf the Perivdic Payments if,and�a the exten�tha�,each paymer�t can b�
<br /> pa�d in fu�l.To the ex�ent that any excess ex�sts a�ter�h�paym�nt is applied fa�he full payment a�one ar
<br /> rnore Per�o�ic Paym�nts, such excess may be appli�d�a any la�e charges due.Voluntary prepayments
<br /> sha�� be appli�d first�o any pr�payment charges and�hen as describ�d in the �ote.
<br /> A�y ap�licafiion af payments,insurance prviceeds,ar Misc���ar�eous Proce�ds to princ�pai du�under
<br /> the No�e shall nat extend or p�stpon�the due date, or change th�amount, o�th� Per�odi�P�ymen�s.
<br /> 3. Funds far�s�rovv�tems.Borrower shall pay�a Lender nn the day Peri�d�c F'aynnents are due
<br /> underthe Note, un�il th�N�t�is paid�n�uli,a sum �the"Funds"}�a prov�de for payment ofamounts due
<br /> far:�a�taxes and assessmen#s and a�her items whi�h�an a�tain privrity over this Security ins�rument as
<br /> a lien vr encumbrance on�he Prap��y; ��}leasehflld �aymen�s❑r g�vund �ents on the Proper�y, if any;
<br /> �c}premiums�orany and a�l insurance required by Lender under S�ec#ian�;and�d}�Ilortga�e lnsurance
<br /> premiums,i�any,or any sums paya�le by Barrow�r�o Lender�n lieu of the paymen�of Mortgage�nsuranc�
<br /> premiums �n a���rdan�e with the pravis�ons of S�ction 1 D. These items are ca�led "Esc�ow �tems."A�
<br /> or�gination vr��any time�uring th�term of the Loan, Lender may�-equire tha�Communi�y A�s�cia#ion
<br /> Dues,Fees,and Assessm�nts,i�'any,b�escrowed by Barrow��,and such dues,fees and assessmen��
<br /> .shafl be an Escrow�tem.8arrowe�shail pramptly furni�h to L�nd�r ail notices o�amounts t�b�pa�d under
<br /> this Sec�ion. 8ar�rvwer shall pay L�nd�r�he Funds#�r Escro�rv l�ems unless Lender wai�es Barrawer's
<br /> �bligation t�pay�h�Fun�s�or any or afl E�crovu It�ms. Lender may wa�ve Bor�-�wer's obliga�ion�o pay
<br /> �o Lender Funds fv�any or a�l Es�r�w I�em�at any�ime.Any such wai��r may anly be in writing. In th�
<br /> event of�uch waiver, 8o�rower shail pay directly, when and where payable, the amounts du��or any
<br /> Escrovu Items for v�rhich payment �f Funds has b��n wai��d by Lender and, if Lender requires, shall
<br /> fu�nish ta L�nder receipts evidencing such payment within such time pe��ad as L�nd�r may r�quire.
<br /> Ba�rawer's obligatian tv make�uch payments and to pravide rece�pts shall far ail purposes�e deemed
<br /> to b� a �ovenant and agreemen� contained in this �ecurEty Instrument, as the ph�as� "co�enant and
<br /> agreemen�" is use� in 5e�tior� �. Ef Borrawer is obii�ated tv pay Escrow items directly, pursuant to a
<br /> waiver, and Bo�`rov��r fails to pay the am�unt du� for an Escraw ltem, L�nder may exer�is� its r�ghts
<br /> und�r Sectivn 9 and pay such amaunt and Bv�rovuer�hal� then be obiigated under 5ection 9 to repay
<br /> �o Lender any su�h amaunt. Lender may revok�the vuaive�as to any o�all Escrow Items�t any time by
<br /> a natice g�ven in accardance v�ith S�ctivn �5 and, upvn such reWocati�n, Barraw�r shail pay ta Lender
<br /> all Funds, and in such amoun�s,�hat are�hen required under this Sectivn 3.
<br /> Lender may,at any time,ca�l�ct and hold Funds in an amount�a}suff�ien##o perm�t L�nder ta app�y
<br /> the Funds at th��ime sps�ified under RESPA, and�b}not�o exceed th�maximum amount a lend��can
<br /> requir�under RESPA. Lender shall es�imate the amount o�Funds due on�he basis af current data and
<br /> reasonable estimates of expendi�ures o�fu�ure Escrow Items or athen�ise in accordance with Applicable
<br /> Law.
<br /> The Funds shal�be held in an institution whos�deposi�s are insur��by a�Federal agency,instrumentality,
<br /> or en�ity �including Lender, i�Lender i�an institution whvse deposi�s are sa insured}�r in any Federal
<br /> Home L�an Bank.Lender shall apply�he Funds to pay the Escrov��tems no later than the time�pecified
<br /> under RESPA.Lendershall nat�harge Ba�rower��r�oldin�and applyin�the Funds,annual�yanalyzing
<br /> �he escro�►v aGcaunt, a��erifying�h� Escrow I�ems, unless Lende�r pays Sorrawer interest Qn�he Funds
<br /> and Applicable Law perm��s Lend�r to make su�h a�harge. Unle�s an agreemenfi�s mad�in v�rriting ar
<br /> A.ppii�able Law requires inte�es�to b� paid�n the Funds, Lender sha�l no#be r�qu�red tv pay Borrower
<br /> any�nter�st or earn�ngs on the Fund�. Barrav�er an��ender can agre�in writing, hawever,that interest
<br /> sha�l be paid�n the Funds. Lender shall�i�re�o Bvrrawer,without charge, an annual accoun#ing of the
<br /> F��ds as requir�d �y RESPA.
<br /> ��there �s a surplus �f Funds held in escrow, a� defined under RE�PA, Lender shali accaunt ta
<br /> B�rrower far t�te ex�ess�unds in accordance v`rith RESPA. If the�e is a shvrtage v�Funds held in escraw,
<br /> as d�fined under RESPA,Lender sha�l nvtify Bo�rower as�equired by RESF�A,and Borrow�r sha�i pay ta
<br /> Len�er�he amoun�necessar�r ta make up the shortag�in accordance with RESPA, but in no more�han
<br /> ��monthly paym�nts. I�there is a defic�ency of Funds held in es�row,as d�f ned un�er RE�PA, Lender
<br /> shall r�atify Borro��r as requi��d by RESPA, and Borrower shall p�ay�o Lender the amount ne�essa�y
<br /> t�make up the defic�ency in acGflrdance with RESPA, but in n❑more than �2 manth�y pa�ments.
<br /> Upon payment in�ull of all sums se��r�d by#his S�curity�nstrumen�, L�nder Shali �romp#ly r�fund
<br /> �o Barrawer any Funds held by Lender.
<br /> 4. Charges; Liens. Borr�w�r shall pay ai� taxes, assessm�n�s, charges, fines, and imp�sitions
<br /> attri�u�able�o#he Proper�y which �a� a�ta�n priority over thts Security Instrument, leasehald pa �
<br /> lnitials: _ _
<br /> NEBR�4SKA--Sing�e Family--Fannie MaelFreddi�Ma�UNlF��M INSTRUMENT Farm 3�28'iJfl'�
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<br /> EI���Mae,inc. p�,��4 0��� NEEDEED �3�5
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<br /> 1�11512��6�7:33 AM PST
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