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2� 17��41 �
<br /> ' ' L�AN#: 'Ifi�177�13
<br /> 2. Application of Payments or Proceeds. Excep� as otherw�se d�scr�bed in this Section 2, a�!
<br /> paym�nfs accepted and applied by Lender shall be applied in the follow�ng order of priority: �a} in#erest
<br /> due under the Not�; �b}principal due under the Note; �c}amounts du�under Sec#ion 3. Such payments
<br /> shall be applied to�ach Periodic Payment in the order in vr►hich it became du�.Any remaining amounts
<br /> shall �e applied f rst to Eate charges, second to any other amoun�s due under this Security Instrument,
<br /> and then to reduce the principal �alance of th�Note.
<br /> If Lender recei��s a payment from Borrawer for a delinquent Periadic Payment which includes a
<br /> sufficient amount to pay any late charge due,the payment may be applied to the delinquent paym�nt and
<br /> the late charge.If more than one Periodic Payment is outstanding,Lender may apply any payment re�eEved
<br /> from Borrawer to the repayment of the Periodic Payments if,and tv the extent that,each payment can�e
<br /> paid�n full.To the extent that any ex�ess exists after the payment is app�ied to the full payment of❑ne or
<br /> more PeriodiG Payments, such excess may be app�ied to any la#e charges due.Vo�untary prepayments
<br /> shall be applied f rst to any prepayment charges and then as described in the Note.
<br /> Any appiication of payments,insuranc�proceeds,ar M�scellane�us P�oceeds to p�incipal due under
<br /> the Not�shall nvt ex�end or pastpone#he due date, or change the amount, af the Periodic Paym�nts.
<br /> 3. Funds for Escrow Items. Borrower shall pay xo Lender on the day Periodic Payments are due
<br /> under the Note, until the Nate is pa�d in full, a sum�the"Funds"}�o pro�ide for payment of amaunts due
<br /> for: �a}taxes and assessments and other�tems which can attain priority o�er this S�curity lnstrumenf as
<br /> a lien or en�umbranc�on the Praperty; �b}�easehold payments ar g�ound rents an the Prop�r#y, if any;
<br /> �c}premiums for any and a�l insuran�e required by Lender under 5ec�ion 5;and�d}Mortgage lnsuran�e
<br /> premiums,if any,orany sums payab�e by Borrowerta L�nder in lieu af the payment of Nlortgage�nsuran�e
<br /> premiums in accordan�e wi�h the pro�isions v�5ection 1�. These items are ca�led "Escrow Items."A#
<br /> origination or at any time during the term of the Loan, Lender may require that Community Association
<br /> Dues, Fees,and Assessm�nts, if any, �e escrow�d by Barro►►ver,and su�h dues,fees and assessments
<br /> shali be an Escrow Item.Borrower shall promptly furnish to Lender all nofices of amounts to be paid under
<br /> this Section. Borrower shall pay Lender the Funds for Escrow ltems unl�ss Lender wai�es Borrower's
<br /> obliga�ion ta pay the Funds for any or aEi Escrow Items. Lend�r may wai�e Borrower's obligation to pay
<br /> to Lender Fu nds far any or all Escrow Items at any time.Any su�h wai�er may on[y be�n writing. I n the
<br /> e�ent of su�h wa��er, Borrower sha�l pay direct�y, when and where payable, the amaunts due for any
<br /> Escrow Items fvr wh�ch payment af Funds has b�en wai�ed by Lender and, i� Lender requir�s, sha�l
<br /> furnish to Lender rece�pts e�idencing such payment within su�h time period as Lender may require.
<br /> Borrower's obligativn to make such payments and to pro�ide receipts shall for all purposes be deemed
<br /> to �e a ca�enan# and agreement conta�ned in this 5e�urity Instrument, as the phrase "ca�enant and
<br /> agreement" is used in 5ection 9. If Borrower is obligated to pay Escrow It�ms directly, pursuant to a
<br /> wai�er, and Barrawer fails to pay the amount due for an Escrow �tem, Lender may exercEse its rights
<br /> under 5�ction 9 and pay such amount and Bo�-rower shal�then be ob�igated under Ss�tion 9�v repay
<br /> to Lender any such amount. Lender may re��ke�he wai�er as to any or all Escraw Items a�any time by
<br /> a notic�gi�en in accordance►n►ith Section �5 and, upan su�h re�ocation, Borrower shafl pay to Lender
<br /> all Funds, and in such amounts, that are then required under this Section 3.
<br /> L�nder may,at any time,cvl�ec#and hold Funds in an amaun��a}sufficient to p�rmit Lender to a�p1y
<br /> the Funds at the tim�specified under RESPA,and �b}not to exceed the maximum amount a lender can
<br /> require under RESPA. Lender shal�esttmate the amount of Funds due on the has�s of current da#a and
<br /> reasonable estimates of exp�nditures of future Escrow Ifems or othennrise in accordance with App�icab�e
<br /> Law.
<br /> The Funds shal�be h�ld in an institution whose deposits are insured by a federal ag�ncy,ins#rumentarity,
<br /> or�ntity �including Lend�r, if Lender is an institut�an whose depasits are s� insured}or in any Federai
<br /> Home Loan Bank. Lender shall apply the Funds to pay the Escraw Items no later than th�tEme specified
<br /> under RESPA. Lender sha�l not charge Borrower fvr h�lding and app�ying the Funds,annuaEly analyzing
<br /> the escrow account, or verifying the Escrow Items, unless Lender pays Borrower infer�st on the Funds
<br /> and Applicab�e Law permits Lender to make such a�harge. Un�ess an agreement is made in writing or
<br /> App��cable Law requires interest tv be paid on the Funds, Lender shall nvt be required to pay Barrower
<br /> any interest or earnings on the Funds. Borrower and Lender can agree in writing, hawe�er,that interest
<br /> shal! be paid on the Funds. Lender shall gi�e to Borrvwer,without charge, an annual accounting of the
<br /> Funds as required �y RESPA.
<br /> If there is a surplus of Funds heid in escrow, as defined under RESPA, Lender sha[[ account #o
<br /> Barrower far the excess funds in accordance with RESPA. If there is a shortage of Funds held�n esc�ow,
<br /> as defined under RESPA,Lender shall notify Borrower as required by RESPA,and Borrower shall pay to
<br /> Lender the amoun#necessary to make up the sh�rtage in a�cordance with RESPA, but in no more than
<br /> �2 monthly payments. if there is a deficiency of Funds held in escrow,as defined under RESPA, Lender
<br /> sha�l notify Borrower as required by RESPA, and Borr�wer shall pay to Lender the amaunt necessary
<br /> to make up the defciency in accordance with RESPA, hut in na more than '�2 mon#h!y payments.
<br /> Upon payment in ful!af all sums secured by this Security lnstrument, L�nder shall promptly refund
<br /> to Bo��ower any Funds held by Lender.
<br /> 4. Charges; Liens. Borrower shall pay all taxes, ass�ssments, charges, fines, and imposi#ians
<br /> attributa�Ee#o the Property which can attain priari#y over this Security�nstrument, leaseh Id y e ts
<br /> Initial
<br /> NEBRASKA--Single Family--Fannie Mae�Freddie Mac UNIF�RM INSTRUMENT Form 3D�811�1
<br /> Eilie Ma�,Inc. Page 4 of�1 NEEDEED 4315
<br /> N EEDEED�CLS}
<br /> 121�812�'I fi�8:38 AM PST
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