Put Fundae

The text is derived from Cicero's De Finibus Bonorum et Malorum (On the Ends of Goods and Evils, or alternatively . The Purposes of Good and Evil ). The original passage began: Neque porro quisquam est qui __________ quia dolor sit amet, consectetur, adipisci velit (Translation: "Neither is there anyone who loves grief itself since it is grief and thus wants to obtain it"). It is not known exactly when the text acquired its current standard form; it may have been as late as the 1960s. The passage was discovered by Richard McClintock, a Latin scholar who is the publications director at Hampden-Sydney College in Virginia, by searching for citings of the rarely used word 'consectetur' in classical literature.
What Text ? Put Fundae. Where and why is it used ?