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202405573 <br />Payments 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 16. Lender may accept or return any Partial Payments in its sole discretion pursuant to Section <br />2. <br />Any offset or claim that Borrower may have now or in the future against Lender will not relieve <br />Borrower from making the full amount of all payments due under the Note and this Security <br />Instrument or performing the covenants and agreements secured by this Security Instrument. <br />2. Acceptance and Application of Payments or Proceeds. <br />(a) Acceptance and Application of Partial Payments. Lender may accept and either apply or hold <br />in suspense Partial Payments in its sole discretion in accordance with this Section 2. Lender is not <br />obligated to accept any Partial Payments or to apply any Partial Payments at the time such payments <br />are accepted, and also is not obligated to pay interest on such unapplied funds. Lender may hold <br />such unapplied funds until Borrower makes payment sufficient to cover a full Periodic Payment, at <br />which time the amount of the full Periodic Payment will be applied to the Loan. If Borrower does <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 />NEBRASKA-Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />Wolters Kluwer Financial Services, Inc. <br />2024110124. 1.0.5558-N20240524Y <br />XXXX146164 <br />Form 3028 07/2021 <br />05/2024 <br />Page 5 of 21 <br />