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�i 2� 17�� 145 � until Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable periad of ; time, Lender shal 1 e�ther apply such funds or return them to Borrower. If not appf ied earlier, su�h funds will be ' appl�ed to the outstanding principal balan�e under the Not� immediately prior to forecl�sure. No offset or �laim � ; which Barrow�r might ha�e now �r in the future against Lender shall relie�� Barrower fr�m making payments due � � under the I��te and this Security Instrument or performing the co�enants and a�reements secured by this Security i Ins�rument. i 2. Appli�ation af Payments or Pro�eeds. Except as otherwise described in this Section 2, all paymen�s ; � accepted and appl;ed by Lender shall be appl ied in the fol�owing order�f priority: (a} interest due under the Note; � �b} principal due under the Note; (c} amounts due under Section 3. Such payments shal� be applied to each Periodic ; Payrnent �n the c�r�der� in which it bec�me due. Any remaining amounts shal� be applied first�o late charges, second ; tn ai�y �ther amc�unts due undei- this 5ecurity Instrument, and then t� reduce the principai ba�ance of the Note. ' If Lender recei�es a payment from Bori•c�wer for a delinquent Periodic Payment which includes a sufficient amount to pay any late char�e due, the payment may �e applied to �he delinquent payment and the Iate charge. If more than one Periodic Payment is outstanding, Lender may app�y any payment recei�ed from B�rrower to �he i repayment vf the Peri�di�Payments �f, and �a the extent that, each payment can be paid in full. Tn the extent that � any exces5 exists after the payment is applied�o the full payment of ane ar mare Periodic Payments, such excess may � be applied to any late char�es due. Voluntary prepayments shall be applied first to any prepayment charges and then as de5cribed in the Nate. Any applicati�n of paymen�s, insurance pro�eed�, or Mis�ellaneous Proc�eds to principal due under the Note shall nc�t extend or postpone the due date, or change the am�unt, of the Periodie Payments. 3. Funds ror Es�row �tems. Borrovver shall pay to Lender on the ddy Periodic Payments are due under the N�te, until the Nate is paid in full, a sum �the "Funds"} to pro�ide for payment of amounts due for: (a} taxes and assessmen�s and other i�ems which can attain priority o�er this Security Instrument as a lien or encumbrance on the Property; (b} leasehold paym�nt� or �round rents on �he Property, if any; �c} premiums for any and a�l insurance required by Lender under 5ection 5; and�d}Mortgage Insurance premiums, if any, or any sums payah�e by Borrower t� Lend�r in ��eu of the payment nf Mortgage Insurance premiums in accordance with the pro�isions of Sect�an 1�. These items are called"Escrflw Items." At�rigination ar at any time during t.he term of the Loan, Lender may require that�ommunity A.�S�ciation Dues,Fees, and A��sessment5, if any, be escrowed by Barrower, and su�h dues, fees and assessments shail be an E�craw Item. Bort-ower shall prr�mptly fur-nish to Lender ail notices of amounts to be paid undei- this Secti�n. Borr�wer shall pay Lender the Funds for Escrow Items unless Lend�r wai�e5 Bnrrower's obligation ta pay the Funds f�r any or all Escrow Items. Lender may wa2�e Borrower's obtigation to pay ta L�nder Funds f�r ar�y or a�l Escravv�tems at any tim�. Any such wai�er may only be in writin�. In the e�ent of such wai�er, Borrower shail pay dir�ctly, when and where payable, the amount5 due for any E��rovv Items f�r which payment of Funds has been waived by I_ender and, if Lender requires, 5ha11 furnish to Lender rece�pts e�idencing such payment within su�h time period as Lendei•may require. Borrower's objig�tion to make su�h payments and to prn�ide re�eipts shall for all purposes be deemed to be a coWenant and agreement contained in this Security Instrument, as the phrase "co�enant and agreem�n�" is used in Section 9. If Barro�ver �s ab�igated to pay Escrow Items directly, pursuant to a wai�er, and Borrovver faits to pay �he amount due for an EsCrow Item, Lender may exercise its righ�s under Sectian g and pay such am�unt and Barr�wer shal� then be obligated under Section � to repay to Lender any such amount. Lender may re�oke the wai�er as to any or ail Escraw Items at any time by a notice given in accordance with Section 15 and, upnn such re�c�cation, Bari�ow�r shall pay to Lender al� Funds, and in such amounts, that are then required under this Section �. Lender may, at any time, cnllect and hold Funds in an amaunt�a}sufficient to permit Lender to apply�he Funds at the time spec�fied under RESPA, an� �b} nat to exceed�he maximum amount a lender�an require under RESPA. Lender-shal� estirnate the dmount of Funds due on the basis of current data and reasonable estimates of expenditur�s of future Escrow Ytems oi� atherwise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumental�ty, ar entity �in�luding Lender, if Lender is an insti�ution whose d�posits are so insured} or in any Federal Home Loan Bank. Lende�shal� apply the Funds to pay�he Es�;row Items no later than the tirne specified under RESPA. Lender NEBRASKA--Single Family--Fannie MaelFreddie Mac 11NIFQRM INSTRUMENT po�y►��f��p� Form 3028 �IQ 1 Page 4 of 14 www.do�magic.�om