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201201562 2. Applieation of Payments or Proeeeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority:(a)interest due under the \ote;(b)principal due under the Note;(c)amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in whicli it became due. Any remaining amounts shall be applied first to late charges,second to any other amounts due under tl�is Security Instrument,and then to reduce the principaL balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficieut amount to pay any late char�e due,the payment may be applied to the delinquent payment and the latc chazge.If more than one Periodic Paymeirt is outstandine, Lender may apply any payment rcccivcd from Borrower to tUe repayment of the Periodic Payments if,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 full payment of one or more Periodic Payments,such cxccss may bc applicd to auy late cliarges due.Voluntary prepayments shall be applied first to any prepaymen[charges and then as described in the Note. Any applica[ion of payments,insurance procecds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount,of the Periodic Payments. 3. Funds for Escrow Items.Borrower shall pay[o Lender on the day Pcriodic Payments are due under the \ote,until the Note is paid in full,a sum(the"Funds")to pro��ide for payment of amounts due for. (a)tases and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Properry;('b)leasehold payments or ground rents on tbe Properry,if any;(c)premiums for any and all insurance required by Lender under Section�;and(d)Mortgage insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items aze called"Eserow Items."At origination or at any time during the term of the Loan,Lender may require that Communiry Association Dues,Fees,and Assessments,if any,be escrowed by Borrower,and such dues, fees and assessments shall be an Escrow item.Borrower shall promptly furnisl�to Lender all notices of amounts to be paid u�der this Scction. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Ttems.Lender mau waive Borrower's obligation to pay to Lender Funds for any or all Escirow Items at any time. Any such waiver may only be in writing.In the event of such waiver, Borrower shall pay directly,when and where payable,the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and,if Lender requires,shall furnish to Lender receipts evidencing such payment w�thin such time period as Lender may require.Barrower's obligation to make such payments and to provide reoeipts shall for al]purposes be dee�ned to be a covenant and agreement contained in this Security Instrument, as the phrase"covenant and agreement"is used in Seetion 9. If Borrower is obligated to pay Escrow Items directly,pursuant to a waivcc and Borrower fails to pay the amount due for an Escrow Item,Lender may exercise its rights under Section 9 and pay such amount and Boirower shall then be obligated under Section 9 to repay to Lender any such amount. Lcnder may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocation,Borrower shall pay to Lender all Funds,and in such amounts, tl�at are thcn required under this Section 3. Lender may,at any time,collect and hold Funds in an amounY(a)sufficient to permit Lender to apply the Funds at the time spzcified under RESPA,and(b)not to excecd the maximum amount a lender can require wtder RESPA.Lender shall estimate the amomrt of Funds due on the basis of current daca and reasonabie estimates of expenditures of fumre Escrow Iteins or othenyise in accordance with Applicable Law. H80'1143364 88D11A3364 NEBRASKA-Single Family-Fann.ie MaelFreCd�ie�4ac UNIFORM INSTRUMENT 41'ITH MERS Form 3028 1;01 VMP�gl � VMP6 Pa9e 6�of�i7) Wolters Kluwer Flnanclal Se�vlces