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<br />Payments are deemed received by Lender when received at the location designated in the Note or at such other
<br />location as maybe designated by Lender in accordance with the notice provisions in Section 15. Lender may return any
<br />payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender mayaccept
<br />any payment or partial payment insufficient tv bring the Loan curcent, without waiver of any rights hereunder or prejudice to
<br />its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the
<br />time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay
<br />interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Load curcent.
<br />If Borrower does not do sv within a reasonable period of time, Lender shall either apply such funds of return them to
<br />Borcower. If not applied earlier, such funds will be applied tv the outstanding principal balance under the Note immediately
<br />prior to foreclosure. No offset or claim which Borcower might have now or in the future against Lender shall relieve
<br />Borcower from making payments due under the Note and this Security Instrument or performing the covenants and
<br />agreements secured by thts Security 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 vrder of priority (a) interest due under the Nvte;
<br />(b) rind al due under the Nate; (c) amounts due under Section 3.5uch payments shall be applied to each Periodic Payment
<br />in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other
<br />amounts due under this Security Instrument, and then to reduce the principal balance of the Note.
<br />If Lender receives a payment from Borrower for a delinquent Pettodic Payment which includes a sufficient amount
<br />to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one
<br />Periodic a ent is outstanding, Lender may apply any payment received from Burrower tv the repayment of the Periodic
<br />Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is
<br />applied to the full payment of one or more Periodic Payments, such excess maybe applied to any late charges due. Voluntary
<br />prepayments shall be applied first to any prepayment charges .and then as described in the Note.
<br />Any application ofpayments, insurance proceeds, 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 Payments.
<br />3. Funds for Escrow Items. Borrower shall pay to bender on the day Periodic Pa vents are due underthe Note,
<br />until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and
<br />other items which can attain priority over this Security Instmment as a lien or encumbrance on the Property; (b) leasehold
<br />payments or ground rents on the Property, if any; (c) premiums for any and all insurance requited by Lender under Section 5;
<br />and (d) Mortgage Insurance premiums, if any, or any sums payable by Borcower to Lender in lieu otythe payment of Mortgage
<br />Insurance premmms in accordance with the provisions of Section 10. These items ate called "Escrow Items." At origination
<br />or at any time during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if
<br />any, be escrowed by Burrower, and such dues, fees and assessments shall be an Escrow item, Borcower shall promptly
<br />furnish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds For 1/scrow Items
<br />unless Lender waives Borrower's obligation to pay the Funds fur any or all Escrvw Items. Lender mayy waive Borrower's
<br />obligation to pay to Lender Funds fvt any or all Escrow Items at any time, Any such waiver may only be in writing. In the
<br />event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Fscrow Items for which
<br />payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such
<br />payment within such time period as Lender may require. Bvrcower's obligation to make such payments and to provide
<br />receipts shall for 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 directlyy, pursuant to a waiver,
<br />and Borrower Earls to pay the amount due for an Escrow Item, Lender may exercise its rights under Sectivn 9 and pay such
<br />amount and Borcower shall then be obligated under Sectivn 9 to repay to Lender any such amount. Lender may revoke the
<br />waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 1 S and, upon such revocation,
<br />$orrower shall pay tv Lender all Funds, and in such amounts, that are then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to appplythe Funds at
<br />the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RIiSPA. Lender
<br />shall estimate the amount of Funds due on the basis of current data and reasonable estimates ofexpenditures offuture Escrow
<br />Items or otherwise in accordance with Applicable Law.
<br />The Funds shall beheld in an institution whose depvsits ate insured by a federal agenvy, instmmentality, or entity
<br />(including Lender, if Lender is an institution whose deposits arc so insured) or in any Federal Home Loan Bank. Lender shall
<br />apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall nut charge Borrower
<br />for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender
<br />pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is
<br />made in writing or Applicable Law toyuires interest to be paid on the Funds, Lender shall not be required tv ppay Borrower
<br />any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest shall be paid on the
<br />Funds. Lender shall give to Borcower, without charge, an annual accounting of the Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for the
<br />excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender
<br />shall notify Borcower as required by RESPA, and Borcower shall pay to bender the amount necessary to make up the
<br />shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in
<br />escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall payto Leader the
<br />amount necessary to make up the deficiency in accordance with RESPA, but in nn more than 12 monthly payments.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall ptornptlyrefund to Borrower any
<br />Funds held by Lender.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the
<br />Property which can attain priority over this Security Instmment, leasehold payments or ground rents on the Property, if any,
<br />and Community Association Dues, Fees, and Assessments, if any. Tv the extent that these items ate Escrvw Items, Borrower
<br />shall pay them in the manner provided in Section 3.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Barcower: (a)
<br />agrees in writing to the payment of the obli ation secured by the lien in a manner acceptable to Lender, but only so long as
<br />Borrower is performing such agreement; (b~ contests the lien in good faith by, yr defends against enforcement of the lien in,
<br />legal proceedings which in Lender's opinion operate to prevent the enforcement of the hen while those proceedings are
<br />pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactoryto
<br />Lender subordinating the lien to this Security Instrument. if Lender determines that any part of the Property is subject to a
<br />lien which can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within
<br />I 0 days of the date on which that notice is given, Borcower shall satisfy the lien or take one or mare of the actions set forth
<br />above in this Section 4,
<br />Lender may require Borrower tv pay cone-time charge for a real estate tax verification and/or reporting service
<br />used by Lender in connection with this Loan.
<br />5. Property Insurance. Borcowet shall keep the improvements nvw existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not
<br />limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts
<br />(including deductible levels) and fur the eriods that Lender requires. What Lender requires pursuant tv the preceding
<br />sentences can change during the term ofpthe Loan. The insurance carrier providing the insurance shall be chosen by
<br />Borcower subject to Lender s tight to disapprove Borrower's choice, which right shall not be exercised unreasonably.
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mse UNIFORM INSTRUMENT Form 3028 1/Ol (page 3 qfN pngec)
<br />97S4.CV (3lUV) 68987R244U Creative Thinking, Inc.
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