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<br />Payments are deemed received by Lendsr when received at the location designated in the Nota or at such other
<br />location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return
<br />any payment or partial payment if the payment or partial payments are insufFicient to brin� the Loan current. Lender
<br />may aocept any paytnent or partial payment insufficient to bring lhe Loan ourrent, without waiver of any rip,hts
<br />hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not
<br />obligated to apply such payments at the time such payments are accepted. If each Periadia Payment is applied as of
<br />its scheduled due date, then Lender need not pay interest on unapplied funds, Lender may hold such unapplied funds
<br />until Borrower makes payment to bring the Loan current. If Borrower daes nat do so within a reasonable period of
<br />time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such Funds will be
<br />applied to the outstanding principal balance under the Note iznmediately prior to fareclosure. No offset or claim
<br />which $orrower might have now or in the future against I,ender shall relieve Borrower frorn makin� payments due
<br />under the Note and this Security Instrument ar performing the covenants and agreements secured by this Seourity
<br />Instrument.
<br />2. Application of �'ayments ar Pracssds. Except as otherwise described in this Sectian 2, all payments
<br />accepted and applied by Lender shall be applied in the following order oF prioriky: (a) interest due under the Note;
<br />(b) principal due under the NoCe; (c) amounts due under Section 3. Such payments shall be applied to each Pcriodic
<br />Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second
<br />to any other amounts due under this Security Instrumenk, and then to reduce the principal balance of the Note.
<br />IF Lender receives a payment from Borrawer for a delinquent Periodic Payment which includes a sufficient
<br />amount to pay any late ahaxge due, the payment may be applied to the delinquent payment and the late charge, If
<br />more than one 1'eriodic Payment is outstanding, Lender may apply any payment received frarn �orrower to the
<br />repaytnent of the Periodic Payments if, and to thc exfent that, each payment can be paid in full. To the extent that
<br />any excess exists after the payment is applied to the full payment of one or more �eriodic Payments, such excess may
<br />be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then
<br />as described in the Note.
<br />Any application of payments, insurance proceeds, or Miscellaneaus Praaeeds to principal duc under the Note
<br />shall not extend or postpone the due date, or change the amount, of the Periodio Payments.
<br />3. Funds for Escrow Items. Borrower shall pay to Lender on the day Pexiodic Payments are dua under the
<br />Nota, until the Notc is paid in full, a sum (the "Funds") to provide f�r payment of amounts due for: (a) taxes and
<br />assessments and other items which can attain priority over this Security Instrunnent as a lien or encumbrance on the
<br />Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance
<br />required by Lender under Section 5; and (d) Maxtgage Insuranoe premiums, if any, or any sums payable by Borrower
<br />to Lender in lieu of the payment of Martgage Insurance premiums in accordance with the pr�visions of Section 1�.
<br />These items are called "Escrow Items. " At originatian or at any time during the term of the Loan, I.ender may require
<br />that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item, Borrower shall promptly furnish to Lender all natices af amounts to be paid
<br />under this Section. Borrower shall pay Lender the Funds for Escrow Items unlesa Lender waives Borrowcr's
<br />obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation lo pay lo Lender
<br />Funds for any or all Escrow Items at any tirne. Any such waiver may only be in writing, In the event of such waiver,
<br />Borrower shall pay directly, when and where payable, the amounts due far any Escrow Items for which payment of
<br />Funds has been waived by Lender and, if Lender requires, ahall furnish ta Lender receipts evidencing such payment
<br />within such time period as Lender nnay require. $orrower' s obligation to make such payments and to provide receipts
<br />shall for all purposes be deemed to be a covenant and agreament contained in this Seaurity Tnstrument, as the phrase
<br />"covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escraw Items directly, pursuant to
<br />a waiver, and Borrower fails to pay the arnount due for an Escrow Item, Lender may exercise its rights under Section
<br />9 and pay such amount and Borrower shall then be obligated under Sectian 9 to repay to Lender any such amount.
<br />Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section
<br />1 S and, upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required
<br />under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient ta permit Lender to apply the Funds
<br />at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under R�SPA.
<br />Lender shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures
<br />of future Escrow Items or otherwise in accordance with Applicable Law,
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or
<br />entity (inoluding Lendar, if Lender is an institution whase deposits are so insured) or in any Federal Home Loan
<br />Bank. Lender shall apply the Funds to pay the k,scrow Items no later than the time speaified under RESPA. Lender
<br />shall not charge Borrower for holding and applying the Funds, annually analyzing the esorow account, or verifying
<br />the Escrow Items, unless Lender pays Borrower int�rest nn the Funds and Applicable Law permits Lender to make
<br />such a charp,e. Unlcss an agreement is made in writin$ or Applicable I.aw requires interest to be paid on the Funds,
<br />Lender shatl not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree
<br />in writing, hawever, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an
<br />annual accounting of the Funds as required by RESPA.
<br />If thcre is a surplus of Funds held in escrow, as defined under R�SPA, Lender shall account to Borrower far
<br />the excess funds in aaaordance with RESPA. If there is a shortage af Funds held in escrow, as defined under RESPA,
<br />Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to makc:
<br />up the shortage in accordance with RESPA, but in na mare than 12 monthly payments. If there is a deficiency of
<br />Punds held in escrow, as defined under RBSPA, Lender shall notiFy Borrower as required by RESPA, and Borrower
<br />NEBRASKA—Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT oociwagtc� aoo
<br />Form 3028 1/01 Page 3 af 11 www.docmaglc.com
<br />Ne3028, dot. xml
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