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201�02799
<br />Payments are deemed received b�
<br />location as may be designated by Lend
<br />any payment or partial payment if the �
<br />may accept any payment or partial p
<br />hereunder or prejudice to its rights t�
<br />obligated to apply such payments at tY
<br />its scheduled due date, then Lender ne�
<br />until Borrower makes payment to brin
<br />time, Lender shall either apply such
<br />applied to the outstanding principal b
<br />which Borrower might have now or ir
<br />under the Note and this Security InstY
<br />Instrument.
<br />Lender when received at
<br />:r in accordance with the n
<br />�yment or partial payment
<br />yment insufficient to brir
<br />refuse such payment or
<br />: time such payments are �
<br />d not pay interest on unap�
<br />; the Loan current. If Box
<br />unds or return them to B<
<br />lance under the Note imr
<br />the future against Lender
<br />unent or perfornung the c
<br />2. Application of Payments r Proceeds. Except as o
<br />accepted and applied by Lender sha11 e applied in the following
<br />(b) principal due under the Note; (c) ounts due under Section :
<br />Payment in the order in which it bec e due. Any remaining ar
<br />to any other amounts due under this S curity Instrument, and th�
<br />If Lender receives a payment fr m Borrower for a delinqt
<br />amount to pay any late charge due, t e payment may be applied
<br />more than one Periodic Payment is o tstanding, Lender may a
<br />repayment of the Periodic Payments i, and to the extent that, e�
<br />any excess exists after the payment is plied to the full payment �
<br />be applied to any late charges due. V luntary prepayments shall
<br />as described in the Note.
<br />Any application of payments, in urance proceeds, or Misa
<br />shall not extend or postpone the due ate, or change the amount
<br />3. Funds for Escrow Items. orrower sha11 pay to L.en�
<br />Note, until the Note is paid in full, a um (the "Funds") to prov
<br />assessments and other items which c attain priority over this S
<br />Property; (b) leasehold payments or round rents on the Prope
<br />required by Lender under Section 5; d(d) Mortgage Insurance
<br />to Lender in lieu of the payment of rtgage Insurance premiur
<br />These items are called "Escrow Items.' At origination or at any ti
<br />that Community Association Dues, Fe s, and Assessments, if an}
<br />assessments shall be an Escrow Item. Borrower sha11 promptly
<br />under this Section. Borrower shall pay Lender the Funds fo
<br />obligation to pay the Funds for any o a11 Escrow Items. Lender
<br />Funds for any or all Escrow Items at y time. Any such waiver .
<br />Borrower shall pay directly, when an where payable, the amou
<br />Funds has been waived by Lender an, if Lender requires, shall
<br />within such time period as Lender ma require. Borrower's oblig
<br />sha11 for a11 purposes be deemed to be a covenant and agreement
<br />"covenant and agreement" is used in ection 9. If Borrower is �
<br />a waiver, and Borrower fails to pay th amount due for an Escro`
<br />9 and pay such amount and Borrowe sha11 then be obligated ur
<br />Lender may revoke the waiver as to y or all Escrow Items at a�
<br />15 and, upon such revocation, Borro er sha11 pay to Lender all
<br />under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amoi
<br />at the time specified under RESPA, d(b) not to exceed the m�
<br />L,ender shall estimate the amount of unds due on the basis of ci
<br />of future Escrow Items or otherwise n accordance with Applic�
<br />The Funds shall be held in an i stitution whose deposits ;
<br />entity (including Lender, if Lender i an institution whose depc
<br />Bank. Lender shall apply the Funds pay the Escrow Items no
<br />sha11 not charge Borrower for holdin and applying the Funds, ;
<br />the Escrow Items, unless Lender pay Borrower interest on the
<br />such a charge. Unless an agreement s made in writing or Appli
<br />Lender sha11 not be required to pay B rrower any interest or ear.
<br />in writing, however, that interest s a11 be paid on the Funds.
<br />annual accounting of the Funds as re uired by RESPA.
<br />If there is a surplus of Funds h ld in escrow, as defined u
<br />the excess funds in accordance with R SPA. If there is a shortag
<br />Lender shall notify Borrower as requi ed by RESPA, and Borrov
<br />up the shortage in accordance with ESPA, but in no more th�
<br />Funds held in escrow, as defined und r RESPA, Lender shall nc
<br />NEBRASKA--Single Family--Fannie
<br />Form 3028 1 /01
<br />Mac UNI�ORM INSTF
<br />Page 3 of 11
<br />are
<br />to
<br />to
<br />cation designated in the Note or at such other
<br />provisions in Section 15. Lender may return
<br />nsufficient to bring the Loan current. Lender
<br />Loan current, without waiver of any rights
<br />�l payments in the future, but Lender is not
<br />ed. If each Periodic Payment is applied as of
<br />unds. Lender may hold such unapplied funds
<br />� does not do so within a reasonable period of
<br />er. If not applied earlier, such funds will be
<br />ely prior to foreclosure. No offset or claim
<br />relieve Borrower from making payments due
<br />mts and agreements secured by this Security
<br />�e described in this Section 2, all payments
<br />of priority: (a) interest due under the Note;
<br />h payments shall be applied to each Periodic
<br />shall be applied first to late charges, second
<br />educe the principal balance of the Note.
<br />;riodic Payment which includes a sufficient
<br />delinquent payment and the late charge. If
<br />ny payment received from Borrower to the
<br />�ment can be paid in full. To the extent that
<br />or more Periodic Payments, such excess may
<br />lied first to any prepayment charges and then
<br />:llan ous Proceeds to principal due under the Note
<br />of t e Periodic Payments.
<br />er o the day Periodic Payments are due under the
<br />de f r payment of amounts due for: (a) talces and
<br />:cur' y Instrument as a lien or encumbrance on the
<br />ty, i any; (c) premiums for any and all insurance
<br />�re ums, if any, or any sums payable by Borrower
<br />►s in accordance with the provisions of Section 10.
<br />ne d ring the term of the Loan, I,ender may require
<br />; be scrowed by Borrower, and such dues, fees and
<br />'urni h to Lender all notices of amounts to be paid
<br />• Es row Items unless Lender waives Borrower's
<br />may waive Borrower's obligation to pay to Lender
<br />nay nly be in writing. In the event of such waiver,
<br />its d e for any Escrow Items for which payment of
<br />urni h to Lender receipts evidencing such payment
<br />atio to make such payments and to provide receipts
<br />�ont ined in this Security Instrument, as the phrase
<br />iblig ted to pay Escrow Items directly, pursuant to
<br />� Ite , Lender may exercise its rights under Section
<br />der ection 9 to repay to Lender any such amount.
<br />y ti e by a notice given in accordance with Section
<br />Fun s, and in such amounts, that are then required
<br />sufficient to permit Lender to apply the Funds
<br />n amount a lender can require under RESPA.
<br />data and reasonable estimates of expenditures
<br />sured by a federal agency, instrumentality, or
<br />�re so insured) or in any Federal Home Loan
<br />than the time specified under RESPA. Lender
<br />lly analyzing the escrow account, or verifying
<br />s and Applicable Law pernuts Lender to make
<br />Law requires interest to be paid on the Funds,
<br />on the Funds. Borrower and I,ender can agree
<br />�er shall give to Borrower, without charge, an
<br />ier ESPA, Lender sha11 account to Borrower for
<br />of unds held in escrow, as defined under RESPA,
<br />r s all pay to Lender the amount necessary to make
<br />12 monthly payments. If there is a deficiency of
<br />fy orrower as required by RESPA, and Borrower
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