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201008004
<br />the Nate. Borrawer shall also pay funds for Escraw Items pursuant to Sectian 3. Payments due under the Note and this Security
<br />Instrument shall bs t�na.�e in U:S.. currency. Hba�vever, if any check .or ,other instr�ment r�eived b� Lender as payment under
<br />the Note or this Security Jxrstrument is raturnad to T.ender unpaid, I.,ender raay require that any or all subsequent payments due
<br />under the Note and this Secwrity Insirument be made in ane ar more of the follawing forms, as selected by Lender: (a) cash; (b)
<br />money order; (c) Gertifie.d check, bank .eheak, :treas.ur.er's check or cas�ier's check, pro�ided any such check is draw� upon an
<br />institution whose deposits are insured by a federal agency, instramentality, or entity; or .(.d) �lectronic �unds Transfer.
<br />Payments are deemed received by Lender when received at the location designated in the Note or at such other locatipn as
<br />may be desagnated b3� Lender in aacordance with the notace pr,ovisio�s in Section 19. L;ender may return any pay3nent .or partial
<br />payment if the payment or partiat payments are insufficient to bring tlte i.oan current. Le�nder may acc�pt any pa�ment or partial
<br />payment insufficient to bring the Loan curxent, without waiver of .any rights hereunder or prejudice to its rights #o refuse such
<br />payz�ne�t nr partial paym�nts in the f'uturw, hwt .L.ender as not �obligated to .app1�+ �uch :payine.nts at th� time such .payments are
<br />aecepted. If each Periodic Payme�t is applied as of its scl�eciuled due date, then I.ender need not pay i�terest on unapplied funds.
<br />Lender may hold such unapplied funds antil Borrower makes paymerrt to bring tha I.oa� curren� If Barrawer does not do so
<br />within a reasonabie period �f tirn�, Lend�r shall �ither apply �such �nds or reta.un #iexn � Bc�rrc�wer. If not applied earlier, such
<br />funds wili be applied to the out�tanding principal balance under �he I�Tote immediately prior to fareclosure. No offset or claiun
<br />which Borrawer might have naw ac in the future against �.ender shall relieve Borrower from making payments due under the Nate
<br />and �is Security Instruz�ent ar performing the covenants and agre�eLnents secured ;by this 5e�uri.ty Ins;teumen�.
<br />�. .Ap.pliea#ian .of Psyments or Proe.eeds. Except as ,athetwise described :in .this Section 2, all .payments acaepted and
<br />applied by Lendcr shall be applied in the fvllowing order af priority: (a) interest due under the Note; (b) principal dua under
<br />che Note; (c) amounts ,�lue under 5ection 3. Such pa�:mem�s shail t�e appla'ed to each P.er,iodie Paymez�t ua �he �der in a�vhi�h it
<br />b�ame due. Any remaining amounts shall be applied ficst t4 iate charges, second to any other amounts due under this �ecurity
<br />Instrument, and then to reduce the princzpal balance ofthe Note.
<br />If �neter receives a.payme�xt fr.qm Sorr�wer for a deliraquent ;Perio(iia Payment whi�h includes a sufficierrt ,ataaount to
<br />pay any late charge due, �tlae payment may be applied to the delic�quent pay�ent and thes late eharge. If more than one Periodic
<br />Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if,
<br />and tu #he e�rtent that, each pa3�ment can be paid i� .fi�1. Ta the e�t that any sxcess e�cast� afker the pa3�xient is apptied to the
<br />full paymeat of one or more Periodic Payments, such excess may be applied to any late charges due. Voluzatary prepayments
<br />shall be applied first #o any pre�ayrnent cl�r�es and ther� as descri�bed in the Note.
<br />Any :applieation of payzne�ts, i�asurance .proceads, or 'Miseellaneous Praceeds :to �rineipal due under .the Note sha(1 nat
<br />extend or postpone the due date, or change the amount, of the Periodic I'ayments.
<br />3. Funds �'or Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until
<br />the 1�Tote is .paid in full, a sum (the "�unds"j ta prnvide for pa3+m�ni of atx►our�ts tiue for: (aj taxes and as�ssments .and o�her
<br />iterx�s which can att�ita priority over this Security Instnunent as a lien or encumbrance on the Property; (b) leasehold payments
<br />or ground rents on the Property, if any; and (c) premiums for any and all insucance requi�d by Lender under Section 5. These
<br />iterns are called "Escrovv Iterns" At ocigination or at any time during the term of the Lnan, Lender rnay r�quire that Cnr:nn�unity
<br />Association Dues, Fees, and Assessments, if any, be ascrowed by Borrower, and such dues, fe.es and assessments shall be an
<br />Escrnw Item. Barrawer shall promptly furnish to Lender all notices of anaoUmts to be paid under this Section. Borrawer shall pay
<br />Len�der #he Funds for Escraw I�tems unless I,ender waives .Sorrower's obligation to }�ay the Fx�ds £or �� or all �scrow .Iterus.
<br />Lender may waive Borrowet's obiigation to pay to I..ertder Fpnds for any or all Escror�+ items at any time. Any such waiver may
<br />only be in writing. Tn the .event of such, r�!aiver, Bort'ower shall pay diractly, when and where payable, the amounts du� far any
<br />Escrow Iterns for v�vhich pa3�ment of Funds has .b�en �vai�ed �y Lender ;and, iF r;ender requ�res, shakl £un�ish to I,ender receipts
<br />evidencing sueh payment within sueh time period as Lender may r�quire. Borrower's obligation #p make such payments and to
<br />provide receipts shall for all purposes be deenned to be a covenant and agreement contained in this Security Instrument, as the
<br />phras� "covenant and agree�anY' is used .in Sectinn 9. Tf Borrower:is obligated to pay �scraw Items directly, pursuant.to..a waiver,
<br />and Borrower fails to pay the amount due for an Escrow Itexn, Lender may exercise it� right� under �ectian 9 and pay such
<br />arnount and Borrower shall then be obligated under Section 9 to repay ta I,ender any such amount. Lender may rer�oke the waiver
<br />as to any or all Escmw Iterns ai:any time by a notic� .gi�en in sccordance rn+ith Section 14:and, upon such ne�o.�ation, Sorrower
<br />shatl pay to Lender ai1 Funds, and in such arnounts, ttuzt.are ,then required underthis S�ian 3.
<br />Lender may, at any tizne, collect and hold Funds in an amount Fa) sufficisnt to penmit i.ender to apply the Funds at 't�e
<br />time specified under RESPA, .and (b) nvi W exceed 1he maxirrium amo�nt a iender can re�uir� �der RESPA. Lender sha�l
<br />estimate the amount of Funds due an the basis of c�ent data and reasonahle estin�a.t�s of e�cpenditwres of future Escr.ow Items
<br />or otheiwise in accardaMce witti Applicable I:aw.
<br />NEBR2ISI�A.—Single Faauly—UNIFORM I.NS'I'�i1MENT
<br />NEBRA$KA-MERS Grqk1]oC.So
<br />FI.A7N�S p�DD4�737
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