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2oioosos2 amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment fronn Borrower for a delinquent Periodic Payment which includes a sufficient arnount to pay any late cha�rge due, the payment nnay be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender rnay apply any payrnent received from Borrawer to the repayment of the Periodic Payrnents 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 ane or more Periodic Fayments, such excess may be applied to any late charges due. Voluntary prepayrnents shall be applied first to any prepayment charges and then as described in the Note. Any application of payrnents, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amaunt, of the Periodic Payments, 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 surn (the "Funds") to provide for payment of amounts due for: (a) taxes and assessmencs and ather items which can attain priority over this Security Instnunent as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums far any and all insurance required by L,ender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payrnent of Mortgage Insurance premiums in accordance with the provisions of Sectian 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 for 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 Escraw 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 amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires, shall furnish to I..ender receipts evidencing such payment within such time period as L.ender may require. Barrower's obligation ta make such payments and to provide receipts sha11 for all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreeznent" is used in Section 9. If Barrower is obligated ta pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item, L.ender 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 natice given in accordance with Section 15 and, upon such revocation, Borrawer shall pay to I..ender all Funds, and in such amaunts, that are then required under this Section 3. I,ender may, at an.y time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at the tirne specified under RESPA, and (b) not to exc�ed the maximum amount a lender can require under RESPA. Lender shall estimate the amount of NEBR.aI$KA -- Single Family -- Fannie MselFreddie Mac LJNIF"ORIN INSTRIIMENT Form 3028 GCC - G3028-05 (09/01) (Page S of 19) Initials: