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<br /> payments at the time such payments ar�accepted.If each Periadic Payment is applied a�af its scheduled due date,then
<br /> Lender need not pay interest on unapplied funds.Lender may hold such unapplied funds until Barrower makes payment
<br /> to bring the Loan current.If Borrower does nat dfl so wi�hin a reasonable period af tim�,Lender shall either apply such
<br /> funds or return them to Borrower.If not applied earlier,such funds will be applied to the outstanding principal balance
<br /> under the Nate immediately prior ta foreclosure.No af�set or c�aim which Bflrrower might ha�e now or in the future
<br /> against Lend�r shall relie�� Borrower from making payments due under the No#e and �his Security Instrument or
<br /> performing the co�enants and agreements secured by this 5ecurity Instrument.
<br /> 2.Application of Payments or Proceeds.Except as otherwise described in this Sec�tion 2,a11 payments accep�ed
<br /> and app�ied by Lender shali be applied in the follawing order�f priarity:(a}interest due under the Note;�b}princjpal due
<br /> under the Note;�c}amounts due under 5ection 3.Such payments shall be appli�d to each Periadic Payment in the order
<br /> in which it became due.Any remaining amounts shall b�applied first to late charges,second to any other amounts due
<br /> under�his S�curity Instrument,and then to reduce the principal balance af the Nate.
<br />' If Lender recei�es a payment fram Borrower far a delinquent Periadic Payment which includes a sufficient amount
<br />' ta a an late char e due the a m�nt ma be a lied to the de�in uent a ment and the late char e.If m�re than one
<br /> PY Y g � PY Y PP Q PY g
<br />� Periodic Paymen# is outstanding, Lender may apply any payment recei�ed from Borrower�o the repayment of the
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<br /> Periodic Payments if,and to the extent that,each payment can be paid in full.To the extent that any excess exists after
<br /> j the payment is appiied to the full pa�ment of one or m�re Periodic Payments,such exce�s may be applied to any late
<br />� charges due.Voluntary prepayments shal�be applied first�o any prepayment charges and�hen as described in the Note.
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<br /> Any application of payments,insuran�e praceeds,or Misc�llaneous Proceeds to prin�ipa�due under the Note shall
<br />� not extend or pastpone the du�dat�r ar change the amount,of the Periodic Payments.
<br /> 3.Funds for Escrow Items.Barrower shall pay to Lender on the day Periodic Payments are due under the Note,
<br /> until the Note is paid in full,a sum�the"Funds"}to pro�ide for payment af amvunts due for:�a}taxes and assessments
<br /> and ather items which can attain p�iority o�er this 5ecurity Ins�rument as a �ien or encumbran�e on the Property;
<br /> �b}leasehold payments or ground rents on the Property,if any;�c}premiums for any and all insurance re�uired by Lender
<br /> i under 5ection 5;and�d}Mortgage Ynsurance premiums,if any,or any sums payable by Barravver to Lender in lieu of the
<br /> payment of Mortgage Insurance premiums in accordance with the pro�isians of Sectian 1�. These items are called
<br /> "Escrow Items." At origination �r at any time during the t�rm of the Loan, Lender may require that �ommunity
<br /> As�aciation Dues,Fees,and Assessments,ifany,be escrowed by Borrower,and such dues;fees and assessments sha�l be
<br /> an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this 5ection.
<br /> Borrvwer sha11 pay Lender�he Funds for Escrow It�ms unless Lender wai�es Borrower's obligatian to pay the Funds far
<br /> any or all Escrow Items.Lender maywai�e Borr�vrrer's obligation ta pay tfl Lender Funds for any�r all Escrow Items at
<br /> any time.Any such wa��er may onlx be in writing.In the ewent of such wai�er,Borrower shall pay directiy,when and
<br /> where payable,the amounts due for any Escrow I#ems far which payment of Funds has been vWai�ed by Lender and,if
<br />� Lend�r reyuires, shall furn�sh to Lender receipts e�idencing such payment within such time period as Lender may
<br /> irequire.Borrower's obligation to make such payments and to pra�ide receipts shall for all purposes be deemed to be a
<br />� co�enant and agreement contatned in this S�curity Instrument,as the phrase"ca�enant and agreement"is used in Section
<br /> 9.Yf Borrower is abligated ta pay Escrow Items directly,pursuan#to a wai�er,and Bflrrower fails ta pay the amount due
<br /> for an Escrow Item,Lend�r may ex�rcise its rights under Section 9 and pay such amount and Borrower shall then be
<br /> obligated under Section 9 t�repay t�Lender any such amount.Lender may re�ake the wai�er as to any or all Escrow
<br /> Items at any tim�by a notice gi�en in accordance with Section 15 and, upan such re�ocation, B�rrower shall pay tfl
<br /> Lender all Funds,and in such amounts,that are then requir�d under this 5ection 3.
<br /> Lender may,at any time,c�llect and hald Funds in an amount(a}sufficient to permit Lender to apply the Funds at
<br /> the time specified under RESPA,and�b}�not to exceed the max�mum amount a lender can require under RESPA.Lender
<br /> sha�l estimate the amaunt af Funds due on the basis of�urrent data and reasonable estimates❑f expenditures of future
<br /> Escrov►�Items or otherwise in accordance with Applicable Law.
<br /> The Funds shall be held in an institution whose depasits are insured by a federal agency,instrumentality,or entity
<br /> �including Lend�r,if Lender is an institution whos�deposits are so insured}or in any Federal Home Loan Bank.Lender
<br /> shali apply the Funds to pay the Escrow Items no later than the time specified under RESPA.Lender shall not charge
<br /> Borrower for holding and applying the Funds,annually analyzing the escraw account,or��rifying the Escrow Items,
<br /> NEBRRSKA-5ingle Family-Fannie Mae�Freddie Mac UNIF�RM INSTRLJMENT with MERS Farm 3�28 1101
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