|
�o��a��l�
<br />Payments are deemed received by Lender when received at the locarion designated in the Note or at such other lacation
<br />as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or
<br />partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment
<br />or partial payment insufficient to bring the Loan cuttent, without waiver of any rights hereunder or prejudice to its rights to
<br />refuse such payment or partial payments in the future, but Lender is not obligated to apply sucb payments at the time such
<br />payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on
<br />unapplied funds. Lender may hold such unapplied funds until Borrower makes payments to bring the Loan current If
<br />Bonower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If
<br />not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to
<br />foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from
<br />making paym�nts due under the Note and this Security Tnstrument or performing the covenants and agreements secuted by
<br />this Security Instrument.
<br />2. Application of Payments or Proceeds. Except as otherwise descriUed in this Section 2, all payments accepted and
<br />applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the
<br />Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in wlrich it
<br />became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this
<br />Security Instrument, and then to reduce the principal balance of the Note.
<br />If Lender receives a payment from Bonower for a delinquent Periodic Payment which includes a sufficient amount to pay
<br />any late chazge due, the payment may be applied to the delinquent payment and the late chazge. If more than one Periodic
<br />Payment is out�tanding, Lender may apply any payment received from Borrower to the repaycnent of tUe Periodic Payments if,
<br />and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the
<br />full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments
<br />sha11 be applied first to any prepayment charges and then as describ�d in the Note.
<br />Any application of payments, insurance proceeds, ar Miscellaneous Proceeds to principal due under the Note shall not
<br />extend or postpone the due date, or change the amount, of the Periadic Payments.
<br />3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments aze due under the Note, unril the
<br />Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items
<br />w}rich can attain priority over this Security Inst�ument as a lien or encumbrance on the Property; (b) leasehold payments or
<br />ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d)
<br />Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Secrion 10. These items aze called "Escrow Items." At origination or
<br />at any, time during the term of the Loan, Lender may require that Community Associarion Dues, Fees, and Assessments, if any,
<br />be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly fumish to
<br />Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless
<br />Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to
<br />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
<br />waiver, Borrower shall pay directly, when and where payable, the amounts due for any Fscrow Items for which payment of
<br />Funds has been waived by Lender and, if Lender requires, shall fiunish to I,ender receipts evidencing such payment within
<br />such time period as Lender may require. Bonower's obligation to make such payments and to provide receipts shall for all
<br />pucposes be deemed to be a covenant and agreement contained in t�is Security Instrument, as the phrase "covenant �d
<br />agreement" is used in Section 9. If Bonower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails
<br />to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower
<br />shall then be obligated under Section 9 to repay to Lender any such amoun� Lender may revoke the waiver as to any or all
<br />Escrow Items at any time by a notice given in accardance with Secrion 15 and, upon such revocation, Borrower shall pay to
<br />Lender all Funds, and in such amounts, that aze then required under this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at the time
<br />specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. Lender shall estimate
<br />the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or
<br />otherwise in accordance with Applicable Law.
<br />NEBRASKA - Singls Family - Fannle MaetFreddie Mac UNIFORM INSTRUMENT
<br />���B(NE) (���> � �^�� ' Form 3028 1107
<br />DDS-NE9
<br />
|