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202007811
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1, Payment of Principal, Interest, Escrow Items, and Late Charges. Borrower shall pay when
<br />due the principal of, and interest on, the debt evidenced by the Note and late charges due under the
<br />Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under
<br />the Note and this Security Instrument shall be made in U.S. currency. However, if any check or
<br />othet instrument received by Lender as payment under the Note or this Security Instrument is
<br />returned to Lender unpaid, Lender may require that any or all subsequent payments due under the
<br />Note and this Security Instrument be made in one or more of the following forms, as selected by
<br />Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's
<br />check, provided any such check is drawn upon an institution whose deposits are insured by a
<br />federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer.
<br />Pkyments are deemed received by Lender when received at the location designated in the Note or
<br />at such other location as may be designated by Lender in accordance with the notice provisions in
<br />Section 14. Lender may return any payment or partial payment if the payment or partial payments
<br />are insufficient to bring the Loan current. Lender may accept any payment or partial payment
<br />insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its
<br />rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply
<br />such I payments at the time such payments are accepted. If each Periodic Payment is applied as of its
<br />scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such
<br />unapplied funds until Borrower makes payment to bring the Loan current. If Borrower does not do
<br />so within a reasonable period of time, Lender shall either apply such funds or return them to
<br />Borrpwer. If not applied earlier, such funds will be applied to the outstanding principal balance
<br />under the Note immediately prior to foreclosure. No offset or claim which Borrower might have
<br />now or in the future against Lender shall relieve Borrower from making payments due under the
<br />Note, and this Security Instrument or performing the covenants and agreements secured by this
<br />Security Instrument.
<br />2 Application of Payments or Proceeds. Except as otherwise described in this Section 2, all
<br />payments accepted and applied by Lender shall be applied in the following order of priority:
<br />First, to the Mortgage Insurance premiums to be paid by Lender to the Secretary or the monthly
<br />charge by the Secretary instead of the monthly mortgage insurance premiums;
<br />Second, to any taxes, special assessments, leasehold payments or ground rents, and fire, flood
<br />and other hazard insurance premiums, as required;
<br />Third, to interest due under the Note;
<br />Fourth, to amortization of the principal of the Note; and,
<br />Fifth, to late charges due under the Note.
<br />Ahy 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 nder the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of
<br />amo nts due for: (a) taxes and assessments and other items which can attain priority over this
<br />Secu ity Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground
<br />rents on the Property, if any; (c) premiums for any and all insurance required by Lender under
<br />Secti n 5; and (d) Mortgage Insurance premiums to be paid by Lender to the Secretary or the
<br />monthly charge by the Secretary instead of the monthly Mortgage Insurance premiums These items
<br />are c lied "Escrow Items." At origination or at any time during the term of the Loan, Lender may
<br />requi e that Community Association Dues, Fees, and Assessments, if any, be escrowed by
<br />Borr wer, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly
<br />furnish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender
<br />NEB SKA - Single Family - FHAInstrument - MERS
<br />FOR 3028 9/14 Initials 1.--r.
<br />Laser F rms Inc. #FHA3028MERS 6/15 Page 4 of 14
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