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<br />payment can be paid: in full. To the extent that any excess exists after the payment is applied to the full
<br />payment of one or more Periodic Payments, such excess may be applied to any late charges due.
<br />Voluntary prepayments shall be applied first to any prepayment charges and then as described in the
<br />Note.
<br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due
<br />under the Note shall not extend or postpone the due date, or change the amount, of the Periodic
<br />Payments.
<br />3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are
<br />due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts
<br />due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument
<br />as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if
<br />any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage
<br />Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of
<br />Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called
<br />"Escrow Items." At origination or at any time during the term of the Loan, Lender may require that
<br />Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues,
<br />fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of
<br />amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless
<br />Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive
<br />Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver
<br />may only be in writing. In the event of such waiver, Borrower shall pay directly, when and where
<br />payable, the amounts due for any Escrow Items for which payment of Funds has been waived by Lender
<br />and, if Lender requires, shall furnish to Lender receipts evidencing such payment within such time period
<br />as Lender may require. Borrower's obligation to make such payments and to provide receipts shall for all
<br />purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the
<br />phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items
<br />directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may
<br />exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated under
<br />Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow
<br />Items at any time by a notice given in accordance with Section 15 and, upon such revocation, Borrower
<br />shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to
<br />apply the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a
<br />lender can require under RESPA. Lender shall estimate the amount of Funds due on the basis of current
<br />data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with
<br />Applicable Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the
<br />time specified under RESPA. Leader shall nct .charge Borrower for holding and applying the Funds,
<br />annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower
<br />interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement
<br />is made in writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be
<br />required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree in
<br />writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge,
<br />an annual accounting of the Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in
<br />escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower
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<br />NEBRASKA --Single Fem. y -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Mortgage Cadence Document Center ® 3027 01/14
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<br />'1" 11111]
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<br />Form 3028 1 01 (page 4 of 14 pages;
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