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2� 17��5�3
<br /> �r�his Securifiy�nstrument is�returned�o Lender unpaid, Lend�r may requ�re that any or ali subsequent payrnents due
<br /> un der the Note and th�s S�curity�nstrument be rn ad�in one ar m ore of�he fo��owing forrn s, as sel ected by Lender:
<br /> �a}cash; �b}money order; �c�certified check, bank check, �reasurer's check or �ashier's check, pra�xded any such
<br /> check is drawn upon an ins�itution whase depasits are insured by a federal agenc}�, instrumentality, or ent�ty; or�d}
<br /> Electranic Funds Transfer.
<br /> Paymen�s are deemed recei�ed by Lender when received a�the ioca��on desigr�ated in the Nnte or at s�uch other
<br /> l�cation as may be designa�ed by Lender:in accordance wi�h the no�ice provisioras in Sect��n 14. Lender may return
<br /> any pay.menfi or partial payment if the paymen�or par�ial payments are insufficient to bring the Loan cu�-rent. Lender
<br /> may accept any payment or partial paymen�insufficient ta bring �he Loan current, without vvaiver of any rights
<br /> her�und�r or prejudice to �ts righ�s t� refus� suc�h payment or par��al paymen�s in the future, but Lend�r is not
<br /> ohligated��apply such payments at the�ime suc� payments are ac�ep�ed. If each Periodic Payment is applied as of
<br /> ��s scheduled due date,then Lender need nof pay rtnteres�an unapplied funds. Lender may hold such unappl�ed fun�is
<br /> unt�l B�rrower makes paymen�to bri�ng the Laan current. If Borrower does nof�i�so wi�hin a reasonable period�f
<br /> t�rne, Lender shall either apply such funds or re�urn �hem ta Borrower. �f not applied ear�ier, such funds vvill be
<br /> applied to�he�utstanding priricipal�balance under�he Note imrnediate�y prior fio farec�osure.Na affse�or claim which
<br /> Borrower migh�ha�e now or in the future against Lender sha1� re�ie�e Borrovrrer from making paymen�s due under
<br /> the Note and th�s Security I.nstrument or performing the c��enants and agree�nents secured by�his Securi�y Instrument.
<br /> 2. Application of Payments or Praceeds. Excep� as a#herwise described �n �his Section 2, a�� payments
<br /> acceptied and applied by Lender shall be applied in�he following o�der�f priarity:
<br /> First, to the Mortgag�I.nsurance prem�ums t��e paid by Lender to the Secretar}i�r the monthiy charge by�he
<br /> Secretary instead of the mon#h�y mor�gage insurance premiurns;
<br /> Second, t�any taxes, special assessrnents, leasehold payments or ground rents, and fire, fl�od and other hazard
<br /> �nsuranc�premiums, as required;
<br /> T�iird, ta interest due under the Note;
<br /> Fourth, t�arnortiza�i�n of the principal of�he No�e; a�nd, ��f�h, to�afe charges due under the No�e.
<br /> An� application of pay.ments, insurance proceeds, or Misc�l�ane�us Proceeds t�p.rincrtpal due under the Note
<br /> sha1�.nof extend or postpone the due date, or charlge the amount of fhe Periodic Payments.
<br /> 3. Fun�s for Escrow Items. Borrawer shall pay�a Lender an�he day Period�c Pa�.ments are due under the
<br /> Note, unti� #he Not� is pa�d �n fu�l, a sum �the "Funds"}��pr��ide for paymen� of am�un�s due fvr: �a}�axes and
<br /> assessrnents and other i�erns�vh�ch can attain priority a�er�his Security�ns�rumen�as a lien or encu.�ribrance nn the
<br /> P.roper�y; �b} I easeh�l d pa�.ments or groun� rents on�he Property, i f any; �c}prem ium s far any and al l insuran�e
<br /> re�uireti by Lender under Section 5; and�d}Mortgage�nsurance premiums�o be paid by Lender�o the Secretary or
<br /> the monthly charge by �he Secretary ins�ead of the rnonthly M�rtgage Insurance premiums. These i�ems are cal�ed .
<br /> "Escrow Items." A� o.r�g�na��an ar at any time during the �erm of�he Loan, Lender may r�quire tha# Commun�ty
<br /> Association Dues,Fees,and Assessments, if any,be escrowedby Bti�-�-awer,and such dues, fees and assessmen�s shall
<br /> �e an Escraw Item. Borrawer shaYl promp�ly furnish ta Lender a�l notices of arnounfs to be paid under this Sec��on.
<br /> Borrower shal�pay Lend�r the Funds for Es�rovv�t�rns un�ess Lender waives B�rrower's obligation to pay the Funds
<br /> for�ny or all Escrow lterns. Lender rnay wai�e B�rrower's obligafiion to pay to Lender�unds for an�or all Escrow
<br /> Items at any time. Any such wai�er may only be in vv�-it�rig. �n the e�ent of such wai�er, Borrovver shall pa��ire�tly,
<br /> vwhen at�d where payable, the amounts due for any Escr�w�tems for which pa}�ment of Funds has been waived�by
<br /> Lender and, if Lender reyuires, shali furnish to�.ender rece�pts evidencing such payment within such time period as
<br /> Lender may.r�quire. BorrovW�r's obligation ta rnake such payment.s and tio provide receipts sha�l for al]purposes be
<br /> deemed t�be a co�enant and agreement�ontained in this Security Instrument, as the p�hrase"covenant and agreement"
<br /> is used in S�cti an 9. �f Barr�w�r a s ob�igated ta pa�Es�row Item s directly, pursua�nt��a wair�er, and Borrawer fa�l s
<br /> ta pay the amount due for an Escrow Item, Lender may exercise i�s rights under Sect��n 9 and pay such amount arid
<br /> Borrower shall then be abligated under Section 9�o repay�o Lender any such a�nount. Lender may re�ake�he vvaiver
<br /> as�o any or a�l Escr�w�tems at any time by a notice gi�en in accordanc�vWith Se�tion 14 and, upon such revacat�on,
<br /> Bor.rower sha�l pay t�Len�er all Funds, and�n such amoun�s, that are then r�quired und�r this Sectian 3.
<br /> NF�RASKA FHA DEF.�]�F TRUST - MERS DoCMagic
<br /> � N EDDT�2.FHA 091141�5 Page 4 0� �3 . www.da�magic.com
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