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202405205 <br />not make such a payment within a reasonable period of time, Lender will either apply such funds in <br />accordance with this Section 2 or return them to Borrower. If not applied earlier, Partial Payments will <br />be credited against the total amount due under the Loan in calculating the amount due in connection <br />with any foreclosure proceeding, payoff request, loan modification, or reinstatement. Lender may <br />accept any payment insufficient to bring the Loan current without waiver of any rights under this <br />Security Instrument or prejudice to its rights to refuse such payments in the future. <br />(b) Order of Application of Partial Payments and Periodic Payments. Except as otherwise <br />described in this Section 2, if Lender applies a payment, such payment will be applied to each Periodic <br />Payment in the order in which it became due, beginning with the oldest outstanding Periodic Payment, <br />as follows: first to interest and then to principal due under the Note, and finally to Escrow Items. If <br />all outstanding Periodic Payments then due are paid in full, any payment amounts remaining may be <br />applied to late charges and to any amounts then due under this Security Instrument. If all sums then <br />due under the Note and this Security Instrument are paid in full, any remaining payment amount may <br />be applied, in Lender's sole discretion, to a future Periodic Payment or to reduce the principal balance <br />of the Note. <br />If Lender receives a payment from Borrower in the amount of one or more Periodic Payments and the <br />amount of any late charge due for a delinquent Periodic Payment, the payment may be applied to the <br />delinquent payment and the late charge. <br />When applying payments, Lender will apply such payments in accordance with Applicable Law. <br />(c) Voluntary Prepayments. Voluntary prepayments will be applied as described in the Note. <br />(d) No Change to Payment Schedule. Any application of payments, insurance proceeds, or <br />Miscellaneous Proceeds to principal due under the Note will not extend or postpone the due date, or <br />change the amount, of the Periodic Payments. <br />3. Funds for Escrow Items. <br />(a) Escrow Requirement; Escrow Items. Borrower must pay to Lender on the day Periodic Payments <br />are due under the Note, until the Note is paid in full, a sum of money to provide for payment of <br />amounts due for all Escrow Items (the "Funds"). The amount of the Funds required to be paid each <br />month may change during the term of the Loan. Borrower must promptly furnish to Lender all notices <br />or invoices of amounts to be paid under this Section 3. <br />(b) Payment of Funds; Waiver. Borrower must pay Lender the Funds for Escrow Items unless <br />Lender waives this obligation in writing. Lender may waive this obligation for any Escrow Item <br />at any time. In the event of such waiver, Borrower must pay directly, when and where payable, the <br />amounts due for any Escrow Items subject to the waiver. If Lender has waived the requirement to pay <br />Lender the Funds for any or all Escrow Items, Lender may require Borrower to provide proof of direct <br />payment of those items within such time period as Lender may require. Borrower's obligation to make <br />such timely payments and to provide proof of payment is deemed to be a covenant and agreement <br />of Borrower under this Security Instrument. If Borrower is obligated to pay Escrow Items directly <br />pursuant to a waiver, and Borrower fails to pay timely the amount due for an Escrow Item, Lender <br />2491060995 <br />NEBRASKA-Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT (MERS) <br />Wolters Kluwer Financial Services, Inc. <br />2024101724.2.0.5916J20240625Y <br />i <br />Form 3028 07/2021 <br />06/2024 <br />Page 6 of 22 <br />DiRim <br />