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201101020 claim which 6orrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security lnstrument. 2. Application of Payments ar Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shali be applied in the foliowing order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be apptied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be appiied first to late charges, second to any other amounts due under this Seeurity Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the detinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is apptied ta the full payment of one or more Periodic Payments, such excess may be applied to any {ate charges due. Valuntary prepayments shatl be applied first to any prepaymeni charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to prinapal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payrnents. 3. Funds for Escrow Items. Borrower shatl 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 for. (a) taxes and assessments and other items which can attain priority over this Securify Instrvment as a lien or encumlxance on the Property; (b) leasehold payments ar ground rents on the P�operty, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow Items:' At origination or at any time during the term af the Loan, Lender may require ihat Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furrtish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's ob{igat�n to pay the Funds for any or alt Escrow Items. Lentter may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time. 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 Items for which payment of Funds has been waivecf by Lender and, if Lender requires, shall fumish to Lender receipts evidencing such paymen# within such time periad as Lender may require. Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to be a aovenant and agreement contained in this Securityy Instrument, as the phrase "covenant and agreemenY' is used in Section 9. If Borrower is obligated to pay Escrow Items diredly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Seetion 9 and pay such amount and Borrower shall then be obligated under Secfion 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accorctance witM Section 15 and, upan such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3. Lender may, at any time, coAect and hold Funds in an amount (a) sufficient to permit 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 amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow ltems or othervvise in accordance with Applicable Law. i �� * 3 O O O 1 4 G 2 8 5* NEBRASKA--Single Famity-Fannie INas/Freddie Mac UNIFORM INSTRUMENT Mortgage Cadence, LLC � 3Q27 02/O6 ( I I +� M C M D O t� Fomi 3028 1/01 (page 4 of 14 pages)