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201201354 2. Applieation of Payments or Proeeeds. Execp�as utlierwise described in thie Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a)interest due under the No[e', (b)principal due undex H�e Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Paymcnt in Lhe order i�which it becamc duc. Any remaining amounts shall be applied first to late charges, second[o any other amounts duc m�der this Securiry I�istrument, and the�i to reduce Ehe principal balnnce of the Note. If Lender receives a pa}nue�it f'rom Borrower for a delinquent Periodic Paymen[which includes a sufficient amount to pay any lace charge due, the payme�it may Uc applied to the delinquent payment and tUe latc chu�ge. If more than one Periodic Paymen[is outstulding Leuder may apply any pnyment received from Borruwer to Che repayment of the Periodic Payments if, and to fhe extcnt that, each payment can be paid in full. To the extcnt that any excess exists after the paymcnt is applied[o the full payment of one or morc Peciodic Payments, such excess inay Uc applied to any late charges due. Voluntary prepayments shall be applied tirst to any prepayment charges and then as described in Uie Notc. Any application of'paymei�GS, insura�ice proceeds, or Miscellaneons Piroceeds to principal due under the Note ehall not extend or postpone the due date, ot change the amouny of the Periodic Payments. 3. Funds for Escrow Items, Borrower shall pay to Lender on thc day Periodic Payments are due under dic Note, mrtil the Noce is paid in full, a sum(the"Fuuds")to provide for payment of auiouuts due for: (a)taxes and nsseesments ae�d other items which can alktin priority over this Security Instrumenl as a lien or encnmbrance on the Property; (b)leasehold paymenta or ground rents on Lhe Property, if any; (c)}n'emiums for any and all insurance required by Lender uodcr Scetion 5; and(d)MorEgage Tnsurance premim��s, if any, or any sums payable by Borrower to Lcndcr in Iieu of the paymenY of Mortgage insiu�ancc preminms in accordance with Clie provieions of Secfion 10. These items are called "Escrow Itenzd." At originarion or at any Cime dw'ing thc term of the Loan, Lender may requirc that Cummuniry Assoeiation Duee, Fces, and Assessme�its, if uiy, be escrowed by Borrower, aud such dues, fees and assessments shall be ai�Fscrow Ttem. Borrower shall promptly furnish to Lcnder all no[ices of amounts to be paid undcr U�is SecGOn. Borrower shall pay Lendar the Funds for Escrow Items unless Le�ider waives Borrower's obligation to pay the Funds for any or nll �scrow items. Lender may waivc Borrower's obligation Co pay to Lender Funds for any or all Escn�ow Ilems at any time. Any such wniver may only be in writing. in the evcnt of such waiver, Borrower shall pay directly, when and where payab(e, the ntnounts due for any Escruw Ilems for which paymeu[of Fuiids has bee��waived by Leuder a�1d, if Lender requires, shall furnish to Lender receipts evidencing such paymenC within snch time period as L,endex may require. Borrower's obligation to make such paymcnfs and to provide reccipts shall for all puryoses be deemed to bc a covcnant ttnd agreeme�t contained in this Securiry instrument, as[he phrase"covenant and agrccmcnC' is used in Section 9. TF Borrower is obligatcd lo pay Gscrow Ttems directly, pursuant to a waiver, and F3orrower fails to pay thc amouvt due fot an Escrow item, Lender may exercise its righCS under Section 9 and pay such amount and Borruwer shall then be obligated under Section 9 to repay to I,endcr any such amount. Le�der may revoke the waiver as to any or nll L+scrow items at any time by a notice given in accordance with Section I S and, upon such revocalion, Uorrower shall pay[o Lcnder nll Bunds, and in such amonnts, tUat are lhen required wider this Secdon 3. Lender may, at airy tiuiq collect and hold Funds in an amount(a)sufficient to permit Lender to apply thc Fmids at thc timc bpecified under RSSPA, and(b) not Lo exceed the maximum amount a Icndcr can require uilder RESPA. Lender sUall estimate the amowzt of Fuuds due on the basis of current data and reasonable estitnates of expc�idiLures of future Escrow Ite�ns or otherwisc in accordance with Applicable Law. 8801151929 8801151828 NEORASKA-Single Family�Fannie Mae/Fredtlle Mac UNIFOHM INSTRUMENT WITH MERS Porm 3028 1101 ��Mp� VMPBA�NE7(1106) W ollers Kluw er Flnenolsl 6ervicas Page 6 of 1] ��