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<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 puyumut 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 />obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of
<br />its scheduled due date, then Lender need not pay intension unapplied funds. Lender may hold such unapplied funds
<br />until Borrower make's 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
<br />which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due
<br />under die Nine and this Security instrument or performing the covenants and agreements secured by this Security
<br />Instrument.
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments
<br />accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note;
<br />(b) principal due under Om Note; (e) amounts duo under Section 3. Such payments shall be applied to each Periodic
<br />Payment in the order in which it became due. Any remaining amounts shall be applied first to laic charges, second
<br />to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note.
<br />If Lender receives a payment (torn Borrower for a delinquent Periodic Payment which includes a sufficient
<br />amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge_ If
<br />more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the
<br />repayment of the Periodic Payments if, and to die extent that, each payment can be paid in full. To the extent that
<br />any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may
<br />be applied to any late charges due. Voluntary prepayments shall be applied finl to any prepayment charges and then
<br />as described in the Note.
<br />Any applicetton of payntcnts, insurance procculs, 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 Payment,
<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 [his Security Instrument as a lien or encumbrance on the
<br />Property; (b) leasehold payment, 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, if any, or any sums payable by Borrower
<br />to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10.
<br />These items are called "Escrow Items." Atorigmation oratany fimeduimg the term ofdle Loan, Lender may require
<br />that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid
<br />under this Set iou. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's
<br />obligation to pay the funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender
<br />Funds for any or all Escrow Items at any Inte. Any Such waiver may only be in writing. In the event of such waiver,
<br />Borrower shall pity directly, when and where payable, the amounts due for any Escrow hems for which payment of
<br />Funds has been waived by Lender and, if Lender requires, ,hall furnish to Lender receipts evidencing such payment
<br />within such lime period as Lender may require. Borrower's obligation to make such payments and to provide receipts
<br />shall tot all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase
<br />"covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items dime[ly, pursuant to
<br />a waiver, and Borrower fails to pay the amount due for an Escrow Tram, Lcndcr may exercise its rights under Section
<br />9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amnlml
<br />Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section
<br />15 mid, upon such revocation, Borrower Shall pay to Lender all Funds, and in such amounts, that are then required
<br />under this Section i.
<br />Lender may, at any time, collect and hold Funds in an mtarun[ (a) sufficient to permit Lender to apply the Funds
<br />at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA.
<br />Lender shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures
<br />of future Escrow Items or otherwise in accordance with Applicable law,
<br />NPBRASKA Single Family -- Fannie Mae /Freddie Mac umrORM INSTRUMENT - MFRS po Mayice °nza. Soo s +e -��ez
<br />Porn 3028 1 /01 Vag. 4 of 13 www.docmagic.com
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