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<br />; or more of the following :forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check,
<br />�surer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured
<br />a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer.
<br />Payments are deemed received by Lender when received at the location designated in the Note or at such other
<br />ation as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return
<br />� payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender
<br />y accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights
<br />�eunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not
<br />igated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of
<br />scheduled due date, then I.ender need not pay interest on unapplied funds. Lender may hold such unapplied funds
<br />:il Bonower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of
<br />ie, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be
<br />�lied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim
<br />ich Borrower might have now or in the future against Lender shall relieve Borrower from making payments due
<br />3er the Note and this Security Instrument or performing the covenants and agreements secured by this Security
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments
<br />;cepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note;
<br />i) principal due under the Note; (c) amounts due under Section 3. Such payments sha11 be applied to each Periodic
<br />ayment in the order in which it became d.ue. Any remaining amounts shall be applied first to late charges, second
<br />� any other amounts due under this Security Instruwent, 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 suff'icient
<br />nount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If
<br />�ore than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the
<br />payment of the Periodic Payments if, and to the extent that, each payment can be paid in fu11. To the extent that
<br />iy excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may
<br />� applied to any late charges due. Voluntary prepayments sha11 be applied first to any prepayment charges and then
<br />� described in the Note.
<br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />ia11 not extend or postpone the due date, or change the amount, of the Periodic Payments.
<br />3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the
<br />fote, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and
<br />>sessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the
<br />roperty; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance
<br />;quired by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Bonower
<br />� Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10.
<br />'hese items are called "Escrow Items. " At origination or at any time during the term of the Loan, Lender may require
<br />iat Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />ssessments sha11 be an Escrow Item. Bonower shall promptly furnish to Lender a11 notices of amounts to be paid
<br />nder this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's
<br />bligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender
<br />'unds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver,
<br />�orrower sha11 pay directly, when and where payable, the amounts due for any Escrow Items for which payment of
<br />'unds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment
<br />�ithin such time period as Lender may require. Borrower's obligation to make such payments and to provide receipts
<br />hall for a11 purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase
<br />covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to
<br />waiver, and Bortower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section
<br />and pay such amount and Bortower sha11 then be obligated under Section 9 to repay to Lender any such amount.
<br />,ender may revoke the waiver as to any or a11 Escrow Items at any time by a notice given in accordance with Section
<br />5 and, upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required
<br />nder this Section 3.
<br />Lender may, at any time, colle�t and hold Funds in an amount (a) sufficient to pemrit Lender to apply the Funds
<br />t the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA.
<br />,ender sha11 estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures
<br />f future Escrow Items or otherwise in accordance with Applicable Law.
<br />The Funds sha11 be held in an institution whose deposits are insured by a federal agency, instrumentality, or
<br />ntity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan
<br />lank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender
<br />hall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying
<br />he Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make
<br />uch a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds,
<br />.ender sha11 not be required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree
<br />n writing, however, that interest shall be paid on the Funds. Lender shall give to Bonower, without chazge, an
<br />nnual accounting of the Funds as required by RE5PA.
<br />If there is a surplus of Funds held in escrow, as defined under RESPA, Lender sha11 account to Bonower for
<br />he excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA,
<br />NEBRASKA--Single Family--Fannie MaelFreddie Mac UNIFORM INSTRUMENT DocMag/c �
<br />Form 3028 1/01 Page 3 of 11 www.docmagic.corr�
<br />Ne3028.dot.unl
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