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<br />or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due
<br />under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender:
<br />(a) cash; (b) m order; () certified che; U ank ck cher° treasurer's che^ or cashier' s ch provided any such
<br />� �- vuv , - � � .,..,, °v` - . l J - certified , b
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<br />v�.. u .. - G, -� .. .> - pr., . , any o...
<br />check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d)
<br />Electronic Funds Transfer.
<br />Payments are deemed received by Lender when received at the location designated in the Note or at such other
<br />location as may be designated by Lender in accordance with the notice provisions in. Section 14. Lender may return
<br />any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender
<br />may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights
<br />hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not
<br />o bli ga ted to a ppl e s pa the .time s pa aac_repted. If e ach P Pa _is a ppli e „l - as of
<br />its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds
<br />until Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of
<br />time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be
<br />applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which
<br />Borrower might have now or in the future. against Lender shall relieve Borrower from making payments due under
<br />the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument.
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments
<br />accepted and applied by T ender shall he applied in the following order of nrinrity•
<br />First, to the Mortgage Insurance premiums to be paid by Lender to the Secretary or the monthly charge by the
<br />Secretary instead of the monthly mortgage insurance premiums;
<br />Second, to any taxes, special assessments, leasehold payments or ground rents, and fire, flood and other hazard
<br />insurance premiums, as required;
<br />Third, to interest due under the Note;
<br />Fourth, to amortization of the principal of the Note; and, Fifth, to late charges due under the Note.
<br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />shall not extend or postpone the due date. or change the amount of the Periodic Payments.
<br />3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the
<br />Note, until the Note is paid in full, a sum (the "Funds ") to provide for payment of amounts due for: (a) taxes and
<br />assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the
<br />Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance
<br />required by Lender under Section 5; and (d) Mortgage 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 called
<br />"Escrow Items." At origination or at any time during the term of the Loan, Lender may require that Community
<br />Association Dues. Fees. and Assessments. if any. be escrowed by Borrower. and such dues. fees and assessments shall
<br />be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Section.
<br />Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower' s obligation to pay the Funds
<br />for any or all Escrow Items. Lender may waive Borrower' s obligation to pay to Lender Funds for any or all Escrow
<br />Items at any time. Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly,
<br />when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived by
<br />Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within such time period as
<br />Lender may require. Borrower' s obligation to make such payments and to provide receipts shall for all purposes be
<br />deemed to be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreement"
<br />is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails
<br />to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and
<br />Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver
<br />as to any or all Escrow Items at any time by a notice given in accordance with Section 14 and, upon such revocation,
<br />Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3.
<br />NEBRASKA FHA DFFr) OF TRUST - MERS DocMagic
<br />NEDOTZ2.FHA 09/14/15 Page 4 of 13 www.docmagic.com
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