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200906592 made in ono or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) cartifled chock,' bank check, treasurer's check or cashier's chock, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 1S. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufticient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment ar partial payments in the future, but Lander is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled duo date, than Lender need not pay interest on unapplied funds. Lender may hold such unappliad funds until Borrower makes payrnerrt to bring the Loan current. If Borrower dons not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. if not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset nr claim which Borrower might have now or in the future against Lender shall relieve Harrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. Z. Application of Payments or Proceeds. Except as otherwise described in this Suction 2, all payments accepted and applied by Lander shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts duo under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall bo applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. Tf Lander receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is .outstanding, Lander may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extant that arty excess exists after the payment is applied to the fill] payment of one or more Periodic Payments, such excess may be applied to any late aharges due. Voluntary prepayments shall be applied first to any prepayment charges and than as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall cat extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Ftitnds for Escrow )<tenls. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority aver this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section S; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Soctian 10. Those items are called "Escrow Items." At origination or at any limo during the term of the Loan, Lender may require that Community Association Dues, Fens, and Assessments, if any, ba escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. bonder may waive Borrower's obligation tp pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, whoa and where payable, the amounts due for any Escrow Items for which payment of Funds has bean waived by Lender and, if Lander requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower's obligation tv make such paymenrts and to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant W a waiver, and Borrower fails to pay the amount duo for an Escrow Item, Nebraska Deed of'[~vat--Single Family--Fapnie Mae/Freddie Mac Ugiform Tostrumeut MFRS Modified Form 3QZ81/01 The Compikrace Scarce, Inc, Page 4 of 14 Moditlod byCompliance Source 1430INE 08/00 Rev. 04/pg wvvt~ compllaucraource.com ~i2000, The Compllaace Source, I4c. i i~~i~ i~ i iii ~~ii~ iiiii i~iii ~~iii iMiii ~~iii ~i~ii uii~ iii~i ~i~i ii i iii i~iii ~~iiii i~iir iii ii i iii iii ii i iii ii~ii iii irri * ~- o~ s o 9 0 0~ 8 ~+ o o n a ~- ~. .~ 7 4 ~ •.