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20i100037
<br />UNTFOItM COVENANTS_ Borrower and Lender covenant and agree as follows:
<br />i. �'aytnent of Principal, Interest, Escrow Items, �'repayment Char�es, and T,ate Charges. ;13orrowez'
<br />shall pay when due the principal of, and intexest on, the debt evidenced by the Note and any prepayment charges and
<br />late charges due under the Note. �3nnrowex shall also pay funds for Escrow Items pursuant to Section 3. P�yments
<br />due under the Note and this Security Instrument shall. be made in U.S. cunency. However, if any chack or other
<br />instrument received by T.ender as payrnent under the Note or this Security XnstrurnenC is rehuned to Lender unpaid,
<br />Ler�der may require that any or a11 subsequent payments due under the Note and this Seciu'ity Instrument be rnade in
<br />one or more of the following forrr�s, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank
<br />check, treasurer's check or cashier's check, pravided any such check is drawn upon an institution whose deposits are
<br />insured by a federal agency, instcutxaentality, or enlity; or (d) Electronic Funds Transfer.
<br />Payments aze deemed xeceived by L.endex when received at the location designated in the Note or at such other
<br />location as �nay be designated by T,ender in accordance with thc notice provisions in Secrion 15. Lender may return any
<br />payment or partial payment if the payment or partial payments are insuffici�nt to b�ing tbe I.oazn cutxezzt. �,ender may
<br />accept any payment or partial payment insufficient to bzing the Loan current, without waiver of any rights hereunder or
<br />prejudice to its z�ghts to refuse such payment or partial payments ix� the futuxe, but T..ender is not obligated to apply such
<br />payments at the tima such payments are accepted, If each �'eriodic Payment is applied as of its scheduled due date, then
<br />Lender need not pay interest on unapplied funds. Lender may hold such unapplied ituids unril Borrovver makes payment to
<br />bring h]�e Loan current. If $orrower does not dv so vvithin a reasonable period of time, Lender shall eith�r apply such funds
<br />or retum them to Borrower, If not applied earlier, such funds will be applied to the outstanding �rincipal balance under the
<br />Note unmediately prior to foreclosure. No offset or claim wlzich Bonower might have now or in the future against T,ender
<br />shall relieve $orrower from making payments due undez the Note and this 5ecurity Instnunent or perfom�rn�; the
<br />covenants and agreements secured by this Security Tnstrument.
<br />2. Applicatiun of Payments or �roceeds. Except as oYherwise described in this Section 2, all payments
<br />accepted and applied by Lender shall be applied in thc following order of priority: (a) interest dua under the Note;
<br />(b) principal duc under the Nate; (c) amounts due under Section 3. 5uch payments shal! be applied to each Periodic
<br />Payment in the ozder in which it became due. Any remaining arnounts shall be applied first ta late charges, second to
<br />any other amounts due under this 5ecuxity Insttument, and then to reduce the principal balance of the Note.
<br />If Lender receives a payment t'ram Borrower foz a delinquent Periadic Payment which inclndes a suff cient aznount
<br />to pay any late ct�arge due, fhe payment may be applied to the delinquent payment and the late charge. If' more than on.e
<br />Periadic Paym�nt is outsta�ading, �.ender may apply any payment received from Borrower to the repayment of the Periodic
<br />Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment
<br />is applied to the fi�ll payment of one or rnore Periodic :Payments, such excess may be applied to any late charges due.
<br />Voluntary prepaynaents sk�all be applied fust to any prepayrr�ent charges and flien as described in the Note.
<br />Any application of payments, insurance procecds, or Miscellaneous Pro�eeds to principal due under the Note
<br />shall not extend or postpona the due date, or change the amount, of the Periodic Payments.
<br />3. �'unds for Escrow Itexns. Boz�rowcr shall pay to �.endex on the day Perindic 1'ayxnents are due under die
<br />Note, until the Ncate is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and
<br />assessments and other items which caxa attain priority over this Security Tnstrunaent as a lien or encumbrance on the
<br />Prop�rty; (b) leasehold payments or gtound rents on the Property, if any; (c) premiurns for any and all insurance
<br />required by T.ender under S�ction 5; and (d) Mottgaga Insurance premiurns, iF any, or any sums payable by
<br />�orrower to Lender in lieu o:f the payment of Mortga�e Iansluance premiuins in accordance with the provisions of
<br />Section 10. These ite�xAS are called "Escrow Items." At origination or at any rime during the term af the I,oan, Lender
<br />rnay rec�uire that Community Association Dues, Fees, and Assessments, if any, be escrowed hy Borrower, and such
<br />dues, fees and assessments shall be an Escrow Itetn. l3orrower shall promptly furnish to Len,der all notices of
<br />arnounts to be paid under this Section. Sorrowex s�all pay Lender the Funds for Escrow Items unless Lender waives
<br />Sorrower's obligation to pay the Funds for any or all �scrow Itezns. Lender may waive Borrower's obli�ation to pay
<br />to Lender Funds for any oz all Escrow Itenns at any tune. Any such waivez nnay oz�ly be in writing. In the event of
<br />such waiver, Borrower shall pay directly, when and where payable, the arnounts due for any Escrow Items for which
<br />payment of Funds has been waived by Lender and, if Lendex requires, shall furnish to Lendex receipts evidencing
<br />such payment within such time pe;�od as Lender may require. I3onro�ver's obligation to xnake such payments and to
<br />NEBRASICA--Single Farnily--Fannie Mae/Fredclie Mac UNTFORM INSTRUMENT Form 3028 1/Ol (page 4 of 14 pages)
<br />GV2023.HP
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