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<br />one or more of the following forms, as selected by Lender; (a) cash; (b) money order; (c) certified check, bank check,
<br />treasurer's check or cashier's check, providedany such check is drawn upon an institution whose deposits are insured `
<br />by 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 />locadon as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return
<br />any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender
<br />may accepf any payment `or partial payment insnfficient to bring the Loan current, without waiver of any rights
<br />hexeunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not
<br />abligated 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 Borrower rnakes payment to bring the Loan current. If Borrower does not do so within a reasonable period af
<br />time, Lender shall either apply such fun@s or xetuxn them to Borrower. If not applied earlier, such funds will be
<br />applied to the outstanding principal balance undex the Note immediately prior ta foreclosure. No offset ar claim
<br />which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due
<br />under the Note and this Securiry Instrument or performing the covenants and agreements secured by this Security
<br />Instrument.
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments '
<br />accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note;
<br />(b) principal ctue 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 amounts shall be applied first to late charges, second
<br />to any other amounts due under this Security Instrument, and'tihen to reduce the principal balance of the Note.
<br />� If Lender xeceives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient
<br />amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If :
<br />more than one Feriodic Payment is outstanding; Lender may apply any payment received from Borrower'to the
<br />repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that
<br />any excess e�sts aftex the payment is applied to the fullpayment of one or more Periodic Payments, such excess may
<br />be applied to any late charges due. Uoluntaxy prepayments shall be applied first to any prepayment charges and then
<br />as described in the'Note. '
<br />Any application of payments insurance proceeds, or Miscellaneous Proceeds to principal due under the Note
<br />sha11 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 />Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) t�es and
<br />assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the
<br />Property; (b) teasehold payments br ground rents on the Property, if any; (c) premiums for any and all insurance
<br />required byLender under Section 5; and (d) Mortgage,Insurance premiums, if any, or any sums payable by Borrower
<br />to T.ender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10.
<br />These items are called "Escrow Items. ° At origination ox at any time during the term of the Loan, Lender may require
<br />that Communiry Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
<br />assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid
<br />under this Section. Borrower shall pay Lender the Funds.for Escrow Items unless Lender waives BorroweT's
<br />obligation to pay the Funds for any or a11 Escrow Items. Lender may waive Borrower's obligation to pay to Lender
<br />Funds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver,
<br />Borrower shall pay directly, when and whexe payable, the amounts due far any Escrow Items for which payment of
<br />Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment
<br />within such time period as Lender may require. Borrower's obligation to make such payments and to provide receipts
<br />shall for allpurposes 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 />a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Sectian
<br />9 and pay such amount and Borrower shall then be obligated under Section 9 to repay'to Lender any such amount.
<br />I,ender may xevoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section
<br />15 and, upon suchxevocation, Borrower`shall pay to Lender all'Punds, and in such amounts, that are then required
<br />under this Section 3.
<br />Lender may, at any time, collect and hold Funds inan amount (a) sufficient to permit Lender to apply the Funds
<br />at the time specified under FLESPA, and (b) not to exCeed the maximum amount a lender can require under RESPA.
<br />Lender shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures
<br />of future Escrow Items or otherwise in accordance with'Applicable Law.
<br />The Funds sha1l be heid 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) or in any Federal Home Loan
<br />Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RLSFA. Lendex
<br />shall not charge Borrower for holding and applying the Punds, annually analyzing the escrow account, or yerifying
<br />the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law pernuts Lender to make
<br />such a charge. Unless an agreement is made in writing ar Applicable Law requires interest to be paid on the Funds,
<br />Lender shall not be xequired to pay Borrower any interest or'earnings on the Funds. Borrower and Lender can agree
<br />in writing, howevex, that interest shall be paid on the Funds. Lendex shalt give to Borrower, without charge, an
<br />annual accounting 'of the Funds as xequired by RESPA.
<br />If there is a surplus of Funds held in escrow, as defined under RESFA, Lender shall account to Barrower for
<br />the 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 Mae/Freddie Mac UMFORM INSTRUMENT DocMag/c�
<br />Form 3028 1/01 Page 3 of 11 www.docmagic.com
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