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�oioogo95 amaunts due under this Security Instrurnent, and then to reduce the principal balance of the Nnte. If Lender receives a payment frorn 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 payrnent and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower ta the repayrnent of the Periodic Payments if, and ta 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 Fayments, such excess may be applied ta any late charges due. Voluntary prepayments shall be applied flrst to any prepayrr►ent charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the PerIodic Payments. 3. Funds for Escrow Itenas. 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 far; (a) ta7ces and assessments and other items which can actain priority over this 5ecurity Instrument as a lien or encumbrance on the Property; (b) leasehold payrnents or ground rents on the Praperty, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Martgage Insurance premiums, if any, or any surns payable by Borrower to Lender in lieu of the payrnent of Mortgage Insurance prerniurns in accordance with the provisions of Section 10. These items are called "Escraw Items." At origination or at any time during the term of the Laan, Lender may require that Carnmunity Association Dues, �'ees and Assessments, if any, be escrowed by Borrower, and such dues, fees, and assessments shall be an Escrow Item. Borrower shall prompdy furnish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the �unds for Escrow Items unless Lender waives Borruwer's obligation to pay the Funds for any or all Escrow Items. Lender rnay waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any drne. 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 Iterns for which payment af Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender may reyuire. Borrower's abligation to make such payments and ta provide receipts shall for all purposes be deemed to be a cc�venant 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 direcfly, pursuant to a waiver, and Borrower fails to pay the amounk due for an Escrow Item, Lender may exercise its rights under Sectian 9 and pay such amount and Barrawer shall then be obligated under Section 9 to repay to Lender any such amount. I..ender may revoke the waiver as to any or all Escrow Itenns at any tirne by a not3ce given in accordance with Section 15 and, upon such revocation, Borrnwer shall pay to Lender all Funds, and in such arnounts, that are then required under this 5ection 3. Lender rnay, at any time, collect and hald Funds in an amount (a) sufficient to perrnit 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 arnount of NEBRASKA -- Single Family -- Fannle Mad[+reddie M�a UNI[+ORM IN3TRUMENT Farm 3D28 1/Ol ) f3CC - Ci3028-05 09/Ol Pa e S of J9 Initials: � � )� B I