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2� 1 ��87�4 Payments are deemed received by Lender wh�n recei�ed at the location designated in the Note�r at such other lacation as may be designated by Lender in accordance with the nati�e pro�isions in Section 15.Lender may retuxn any payment or par�ial payment if the payrnent or partial payments are insuff�cient to�ring the L�an current. Lender may accept any payment ar partial payment insuf�i�ient ta bring the Loan current,without wai�er af a�y right�hereunder�r prejudice to its righ��to r�fuse such payment or partial paym�nts in the future,�ut Lender i�not obligated to apply such payments at the time such payments ar�accept�d. If each Per��dtc Paym�er�t is appl�ed as of�ts scheduled due date, then L�nder need n�t pay inter�st an unapplied funds. Le�der may ho�d such unapplied funds unt�l Barr�wer makes p�.yments ta bring th�J��an current. If Borrow�r d�es not do �o within a reas�nable peri�d of time,Lender shall e�ther app�y�uch funds or return them to B�rrower. If not applied ear�ier, such funds wil�be applied ta the autstanding principal halance ur�der the Note�r�media.tely p�ior t�foreC�asure.Nfl offs�t�r claim vvhich Barrower n�ight�ia�e n�w ar in th��uture against Lender shall rel�eve B�rraw�r from making payrr��nts due under the�ote and this Security Instrument or performir�g the ca�enants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as ath�rwise desGribed in this Section 2, alI paym�nts accepted and appl�ed by Lender shall be ap�alied in the fo�lowing arder of priority: �a)interest due under the Nate; �b}pr�ncipal due under the Note; �c)amounts due under Sect�on 3. Su�h payments shall be app�ied ta�ach Periodic Payment in the order in which it became due.Any remaining amounts shall be appl�ed f rst to �ate charges, second to any ath�r amounts due under this Security Instrument, and then to reduce the principal balance of�he Note. If Lender recei�es a payment from Borrower for a de�inquent Periodic Payment which includes a sufficient amaunt to pay any late charge due,the payment may be applied to the delinquent payment and the late charge. If more than�ne Per�odic Payment is outstanding,Lender may apply any payment re�ei�ed fr�rn F arrower ta th e repayment�f the Periodic Paym�nts if, and to the extent that, each paym�nt can be paid in full. Ta the extent that any excess exists after the payment is applied to the full payment of one ar more Periodic Payments, such excess may be applied to any late�harges due. Valuntary prepayments sha11�e app�ied first t�any prepayme�t�harges and then as described in the Nate. Any application of p�.yments, insurance proc��ds,�r M�scellaneaus Proce�ds to principal due under the Note sha�l not extend�r postpane th�due date,or change the arr»unt,�f the Periodic Payments. 3. Funds for �scrvw Items. Borrower shall pay ta Lend�r an th�day Feriodic Payment�ar� due under the N�te,until the Note is paid in full�a surri(the "Furt�s")to pra��de for payment�f anzounts due for: �a}taxes ar�d assessnlents�.nd oth�r iterns which ean aitain prior�ty over this Security Instrume�t as a lien ar encumbrance on the Property;�b} lea�ehold payments vr graur�d rents an the�raper�y, if any; (c}premiums for any and a��insuranc�required by Lender under Section S; and(d�Mortgage Insurance premiums, if any, ar an� sums�ayable by Borrower to Lender in Iieu of the payment of Mnr�gage Insurance pr�miums in accardance�vith the pro�isions of Section �0. These items are called "Escr�w It�rras".At arigination or at any time during the term af the Laax�, Lender may require that�ammunity Assoc�ation Dues,Fees, and Assessments, if any,be escr�wed by Borrower, and such dues, fees and assessments sha11 be an Escr�w Item. B�rrower shall promptly furnish to Lender alI n�tices of�.m�unts t�be paid under this S��tion.Borrawer shall pay Lender the Funds far Escrow Items un�ess�ender wai�es B�rrower's ohl�gation ta pay the Funds for any or alI Escraw Items. Lender may waive Borr�wer's obligatian to pay t�Lender Fur�d�for any�r all Escr�w Items at any time.Any such wai�er may anly be in wr�ting, In the e�ent of such waiver,Barrower sha�l pay directly,when and where payab�e,the amflunts due for any Escrow Items for�vhich 23pQ42fl748 NEBRASKA-Single Family-Fannie MaelFredd�e Ma�UNIFURM[NSTRLJMENT Farm 3�28 11�1 VMP� �fi12�1 fi Walters Kliawer Finar�cta!Serv�ces 201612121 fi 2�3885-J201 fi07�DY Page 4 of 16