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201004976 i 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 15. Lender may rerun 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 insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such 1 payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such imapplied funds until Borrower makes payments to bring the Loan current. If Borrower does not do 'so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If i not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now, or in the future against Lender shall relieve Borrower from . leaking paynienls due. under the. Nate. 'atid this Security .his"m.it or f rforming the covenants. and agreeiiieuls.; secured by. I this Security. Instrument. 2. Application of Payments or Proceeds. Except. as.otherwise described in this Section 2, all payments', accepted and . i applied by Lender shall be applied m the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became. due. Any remaining amounts shall be applied first to late charges, second. to any other. amounts due ,under this , i Security Instrument, and then to reduce the principal balance ofthe Note. If Lender 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:Pcriodic Payment is outstanding, Lender 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 extent that any excess exists after the payment -is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary ,prepayments shall be applied first to any prepayment charges and then as described in the - Note; Any application of payments, insurance proceeds, of Miscellaneous Proceeds to principal due under.: the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payment's. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a stmt (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, I if any; (c) premiums for any and all insurance required by Lender under Section 5; 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 Section 10. These items are called "Escrow Items. At origination or at any time during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be 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 • far Escrow Items unless Lender waives Borrower's obligation to pay, the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to 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, 'when and where payable,, the amorous due for any Escrow Items for which payment of. Funds has been waived by Lender and, if Lender requires; shall'ftunish to Lender receipts evidencing such payment within such time period as Lender may require, Borrower's obligation to make such payments 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 to a waiver, aud'Borrower fails to. pay the amount due 'for anEscrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance' with Section' 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3, Lender may, at any time, collect and hold .Funds in an amount (a) sufficient to permit Lender to apply the Funds at the time - specified under RESPA., and (b) not to exceed the maximum amount a lender can require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law. i I NEBRASKA - Single Family - Fannie MaelFreddie Mae UNIFORM INSTRUMENT -B(NE) lonitl Pago4ofU mtums: Form 3028 1101 DDS-NE9 ! I III III IIIII IIIII 111111 IhI IIII IIII VIII IINI ill 11111 1111 111 ll~ ODOONE9622306 I