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2� 17���85
<br /> ar�his 5ecurity Instrument xs returned�o Lender unpaid, Lender may require that an�ar all subsequent payments due
<br /> under the Note and this Securi�y�nstrumen�be made�n one or more of the f�1lovWing farms, as selected by Lender:
<br /> �a} cash; �b}money order; �c}certif ed check, bank check, treasurer's check or cashier's check, pro�ided any such
<br /> �heck is drawn upon an inst�tution vWhose deposits are insured by a federal agency, instrumentality, or enti�y; nr�d}
<br /> E�ectran�c Funds Transfer.
<br /> Paymen�s are deemed recei�ed by Lender v�hen r�cei�ed at the loca��vn designated in�he Note or at such ather
<br /> loca�ion as may�e designated b�Lender in aceordance vvith the notice pro�isians in Section �4. Lender may return
<br /> any paymerit or partial payment�f the paymen�vr partial payments are insufficient to bring the Loan curren�. Lender
<br /> may accep� any payment or partial payment �nsuffi ci ent to bring the Loan currenf, without wai�er of any rights
<br /> hereunder or pre�udice to ��s righ�s �a refuse such payment or partial payments in the future, but Lender is n�t
<br /> �bl�gated to appiy such payments at the tune su�h paymen�s ar�ac�epted. �f each Periodic Payment is applied as of �
<br /> z�s scheduled due date, then Lender need not pay interes�o�unapplied funds. Lender nnay h�ld such unapplied funds
<br /> until Borrower makes payment to bring the Loan Gurren�. �f Barrower does nat da so wi�hin a reasonable period of
<br /> t�me, Lender shall either apply such funds or return �hem to Borr�wer. If no� applied ear�ier, such funds will be
<br /> applied to the�utstanding principal balanGe under the Note Ymmedia�ely prior to for�closure.Na affset�r claim which
<br /> Borrower migh�have now or in the fu�ure against Lender sha�l relie�e Borrower frarn making payments due und�r
<br /> �he Note and this S��urity Instrument or perfarmin�the covenan��and agreements secured by this Security I.nstrumen�.
<br /> 2. Appl�cat�on af Fay�nents vr Proceeds. Except as otherw•ise descri�ed in this Secti�n 2, all paymen�s
<br /> accepted an�applied by Lender sha�l be app�ied in the following order af priority:
<br /> F�rs�, to�he M.ortgage�nsurance premiums tv�e paid by L�nder�o the Secretary ar the monthly charge by the
<br /> Secre�ary ins�ead of the manthly mortgage insuranc�premiums;
<br /> Second, �o any ta.xes, special assessments, leasehald payments or ground ren�s, and fire, flood and other hazard
<br /> insurance premiums, as requir�d;
<br /> Third, ta interest due under the Nate;
<br /> Fourth, to amortization of the principal of the Note; and, Fifth, to �ate charges due under the Note.
<br /> Any applica�ian af paymen�s, insuran�e proceeds, or Misce�laneous Proc�eds to principal due under the Nate
<br /> sha�l no�extend vr postpane the due date, or change the am�un#of the Periodic Paymen�s.
<br /> 3. Funds far Escrow Items. Borrower shall pay ta Lender on the day Periodic Payments are due under �he
<br /> Note, unt�� the Note is paid iri full, a sum ��he "Funds"�to pro�ide far payment of amounts due f�r: �a}taxes and
<br /> assessments and other items which can attain priarity o�er�his Se�urity �nstrument as a lien or encumbrance�n the
<br /> Property; �b} leasehold payments or ground rents an the Prop�rty, if any; �c�premiums for any and al� insurance
<br /> requxred by Lender under Section 5; and�d}Mar�gage Insurance premiums to be paid by Lender to the Secretary or
<br /> the monthly charge by the Secretary instead of the monthly Mortgage Insurance premiums. These items are cal�ed
<br /> "Escrow I�ems." At arigina�ion or a� any time during �he �erm of the Loan, Lender rnay require tha� ��mmunity
<br /> Assacia�ian Dues,Fees,and Assessments, if any,be escrow�d by Borrower,and such dues, fees and assessments sha�l
<br /> be an EscrovW Item. Borrower s�ha�l promp�ly furnish�o Lender a11 natices of amoun�s ta�e paxd under th�s Section.
<br /> Borrov�er sha]1 pay Lender the Funds far Escraw Items unless Lender wai�es Borrow�r's ob�iga�ian to pay the Funds
<br /> far any vr al�Es�row T�ems. Lender may wai�e Barrower's obligatian to pay��Lender Funds for any or al]Escrow
<br /> �tems at any�ime. Any such waiver may or�ly he i.n writing. Tfl the e�ent of such wai�er, Borrower shall pay direc�ly,
<br /> when and where payable, the am�un�s du� for any Escraw Item s for which payrn�nt of Funds has been waived by
<br /> Lender and, if Lender requires, shal� furnish to Lender re�e�p�s evidenc�ng such payment vWithin such�i_me period as
<br /> Lender may require. Borr�wer's ob�igation ta make such payments and to provide receip�s sha�l for aIl purposes be
<br /> deemed to be a cavenant and a�r�emen�contained in�his Security Instrument, as the phrase"co�enant and agreemen�"
<br /> is used in Sec�ion 9. �f Borrower is abl�gated t�pay EscrovW Iten�s dxr�ctly, pursuan�to a wai��r, and Borrower fails
<br /> �o pay the amoun�due fo.r an Escraw T�em, �.ender may exercise i.ts rights under Sec�ion 9 and pay such amount and
<br /> Borrower shall then be obliga�ed under Sec�ion 9 to repay to Lend�r any such amoun�. Lender may revoke the wa��er
<br /> as to any or all Escrow Ite�ns at any�ime by a not�ce gi�en in accordance with Section 14 and, upon such revocation,
<br /> Borr�wer sha�l pay to Lender ali Funds, and in such am�unts, �hat are then required und�r th�s Section 3.
<br /> NEBRASKA FHA DEED �F TRUST - MERS Do�lVlagic �
<br /> N ED�TZ�.FHA a91�4115 Page 4 of �3 www.docmagic.com
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