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<br />Payments are deemed received by Lender wh�n received at the location designated in the Note or ai such other
<br />location as rnay be designated by Lender in accordance with the notice provisions in Sectian 15. L.ender may teturn
<br />any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. I,ender
<br />may accept any payment or partial payment insuf�cient to bring the Loan current, without waiver of any rights
<br />hereunder or prejudice to its rights to refuse such payment oar partial payments in the future, but L,ender is not
<br />obligated to apply such payments at the time such payments are accepted. If each Periodic 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 $orrower makes payment to bring the Loan current. If Bortower does not da so within a reasonable period of
<br />time, Lender shall either apply such funds or return thern to Borrower. If not applied earlier, such funds will be
<br />applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim
<br />which �orrower might have now or in the future against Lender shall relieve Borrower from making payments due
<br />under the Note and this Secutity Instrument or performing the covenants and agreements secured by this Security
<br />Instrument.
<br />2. Applieation nf Payments or Proceeds. Except as otherwise described in th'ts Section 2, all payments
<br />accepted and applied by Lender sha11 be applied in the following order of priority: (a) intez'est due under th� Note;
<br />(b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic
<br />Payment in the order in which it became due. Any remaining arnounts sha11 be applied first to late charges, second
<br />to any other arnounts due under this Security Instrument, and then to reduce the principal balance of the Note.
<br />lf Lender receives a payment from Borrower for a delinyuent Periodic Payment which includes a suf�cient
<br />amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. lf
<br />more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower io the
<br />repaynnent of the Periodic Payments if, and to the extent 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 rnore Periadic Payrr�ents, such excess may
<br />be applied to any late charges due. Voluntary prepayments shall be applied flrst to any prepayment charges and then
<br />as described in th� Note.
<br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />sha11 nat extend or postpone the due date, or change the amount, of the Periodic Payments.
<br />3. Funds for Escrow Items. Borrower shall pay ta L,ender on the day Periodic Payments are due under the
<br />Nofe, until the Note is paid in full, a surn (the "Funds") to provide for payment of amounts due for: (a) taxes and
<br />assessments and other items which can attain priority over this Security Instrument 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) Mortgage Insurance premiums, if any, or any surns payable by Borrower
<br />to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10.
<br />These items are called "Escrow Itenns. " At origination or at any time during the term of the L,oan, Lender may require
<br />that Coznmunity Association Dues, Fees, and Assessments, if any, be escrowed by Borrawer, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender a11 notices of amounts to be paid
<br />under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waiv�s Borrower's
<br />obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender
<br />Funds for any or all Escrow ltems at any time. Any such waiver may only be in writing. In the event of suck► waiver,
<br />Borrower shall pay directly, when and wh�re payable, the amaunts due for any Escrow Items for which payment of
<br />Funds has been waived by Lender and, if I,ender requires, shall furnish to Lender receipts evidencing such payment
<br />within such tirne period as Lender may require. Borrower's obligation to make such payments and to provide receipts
<br />shall for a11 purposes be deerned to be a cavenant and agreement contained in this Secuxity Instrument, as the phrase
<br />"covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Jtems directly, pursuant to
<br />a waiver, and Borrower fails to pay the arnount due for an Escrow Item, Lender may exercise its righis under Section
<br />9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount.
<br />Lender may revoke the waiver as to any ar all Escrow Items at any time by a notice given in accordance with Section
<br />15 and, upan such revacation, $orrower shall pay to Lender all Funds, and in such amounts, that are then required
<br />under this Section 3.
<br />Lender rnay, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds
<br />at the time specified under RESPA, and (b) not to exceed the maxirnum annount a lender can require under RESPA.
<br />L,ender sha11 estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures
<br />of future Escrow Items or otherwis� 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 (including Lender, if Lender is an institution whose deposits are so insured) ar in any Federal Horne Loan
<br />Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time speci�ed under RESPA. Lender
<br />sha11 not charge �orrower for holding and applying the Funds, annually analyzing the escrow account, or verifying
<br />the Escrow Items, unless Lender pays Borrower interest an the Funds and Applicable Law pernuts Lender to make
<br />such a charge. Unless an agreement is rnade in writing or Applicable Law requires interest to be paid on the Funds,
<br />I.ender shall not be required ta pay Borrower any interest or earnings on the Funds. Borrawer and Lender can agree
<br />in writing, however, that interest sha11 be paid on the Funds. L.ender shall give to Borrawer, without charge, an
<br />annual accounting of the Funds as required by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower �or
<br />the excess funds in accordance with RESPA. If there is a shortage of Punds held in escrow, as defineci under RESPA,
<br />Lender shall notify Borrower as required by R�SPA, and Borrower sha11 pay to Lender the amount necessary to znake
<br />up the shortage in accordance with RESPA, but in no more than 12 manthly paynnents. If there is a deficiency of
<br />Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower
<br />--...
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT DocMagic � eoa-sas-r35z
<br />Form 3028 1/01 Page 3 of 11 www.docmagic.com
<br />Ne3Q28.dot.�un1
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