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<br />Payrnents are deemed received by Lender when received at the location designated in the Note or at such other location
<br />as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or
<br />partial payment if the payment or partial payrnents are insuf�cient to bring the Loan cunrent. Lender may accept any paymeat
<br />or partial payment insufFicient to bring the Loan current, without waiver of any rights hereundcr or prejudicc to its rights to
<br />rcfuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such
<br />payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lendex need not pay interest on
<br />imapplied funds, Let�der may hold such unapplied funds until Bprrpwer makes payments to bring the Loan current. if
<br />Borrowcr docs not do so within a reasonable period of timc, Lcndcr shall either apply such funds or retum them to Borrower. If
<br />not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediatety prior to
<br />foreclosure. No offset or claim which Borrower might have now or in the future agairast Lender sba11 relieve Borrower from
<br />making paynlei7ts due tuider che Nate and t�us Securily Inslrument ar perfoi�x�ing Lhe covenants and agreements secured by
<br />this Security Instrument,
<br />2. Application of Payments or Proceeds. Except as othenvise described in this Section 2, all payments accepted and
<br />applied by Leuder shall be applied 'ui the follawing order of priority: (a) uiferest due under tl�e NoCe; (b) prii�cipal due under tlie
<br />Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in rvhich it
<br />became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under tkus
<br />Security Instrument, and then to reduce the principal balance of the Note.
<br />If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sutticient amount to pay
<br />any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic
<br />Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic ]?ayments if,
<br />and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied ta the
<br />full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments
<br />shall be applied �rst to any prepayment charges and then as described in the Note,
<br />Any application of payit�r:tris, insurance proceeds, or Miscelluicaus Proceeds ta principal due under lhe Npte shall not
<br />extend or postpone the due date, or change the amount, of the Periodic Payments.
<br />3. F�nds for Escrow• Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the
<br />Note is paid in full, a sum (the "Funds") to provide for payment of amounis due for: (a) taxes and assessments and other items
<br />which can attain priority ovcr this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or
<br />ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d)
<br />Mortgage Insurance prenuums, if any, ar any swns payable by Borrower tv Lender in lieu oP the payment of Mort�age
<br />Insurance premiums in accordance with the provisians of Section 10. These iten�s are called "Escrow Items." At origination or
<br />at any time during the term of the T,oan, Lender m�y require that Community Association Dues, Fces, and Assessments, if any,
<br />be escrowed by Borrower, and such dues, fees and assessnnents shall be an Escrow Item. Borrower shall promptty furnish to
<br />Lender all noUces of amounts to be paid under this Section, Borrower shall pay Lender the Funds Por �scrow Items unless
<br />Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Horrower's abligation to
<br />pay to Lendcr Funds far any or all Escrow Iterns at any timc. Any such waiver may only bc in writing. In the event of such
<br />waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of
<br />Funds has been waived by Lender and, if Lendrr requires, shall furtrish tn Lender receipts evidencing such payrnent within
<br />such time period as Lender may require, Borrower's obligation to make such payments and to provide receipts shall for all
<br />purpvses be deemed to be a covenant and a�'eernent contained in this Security Instrumenr, as the phrasc "covenant and
<br />agreement" is used in Section 9, If Borrower is obli�ated to pay Escrow Iterns directly, pursuant to a waiver, and Borrower fails
<br />to pay the amount due for an Escrow Item, Lender may exercise its rights under SecUon 9 and pay such amount and Borrower
<br />shall then be obligated tznder Sectio❑ 9 to repay to Le�adcr any s�zc11 amount. Lender may revoke the waiver as to arry or all
<br />�scrow Items at any time by a notice given in accordance with Section 15 and, upon such rcvocation, Borrower shall pay to
<br />Lender a1lFunds, and in such amounts, that are then required under this Section 3.
<br />L,ender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to ap the Funds at the time
<br />specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. I.endet shall estimate
<br />the amount of Futtds due on the basis of currc�it dafa aud reasonable estvnates of expetidihires of fuli�re Fscrow Tten�s or
<br />othenvise in accordance with Applicable Law.
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<br />NEBRASKA - Single Family - Fannie Mae/Freddia Mac IINIFORM INSTRUMENT
<br />��,g�ry� �osii� Page4d14 Initials:� Form 3028 1101
<br />DDS-NE9
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