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201201689 2. Application Of Payments or Proceeds.Except as oYherwise described in this Section 2,all payments accepted and applied by Lender shall be applied in the foltowing order of priority:(a)interest due under the Note;(b)principal due under the vote;(c)amounts due under Scction 3. Such payments shall be applied to each Periodic Payment in the order in which if became due.Any remaining amom�ts shalt be applied first to late charges,secoud to ai�y other amounts due under this Security Tnstrument,and then to reduce the principal balance of the Note. Tf Lender receives a payment from Borrower far a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due,thc payment may be applied to the delinquent payment and the late charge.if more than one Periodic Payment is outstanding,Lender may apply any payment received firom Borrower to the 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 che payment is applied to the full payment of one or more Periodic Payments,such excess may be applied to any late charges due.Voluntary prepayments shall be applied first to any prepayment charges and then as descriUed in the Note. Any application of payments,insurance proceeds,or Miscella��eous 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 ESCI'ow Items.Borrocver shall pay to Lender on the day Periodic Payments are due uuder the Note;until the Note is paid in full,a suui(the"Funds")to provide for payment of amounts due for:(a)iaxes and assessments and othzr items which can attain prioriry over this Securiry Instrument as a lien or encumbrance on the Property;(b)leasehold payments or grou��d rents on the Property,if any; (c)premiums for any and all insurance required by Lender under Section 5;and(d)Mortgage Insurance premiums,if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortaage Insurance premiums in accordance with the provisions of Section 10.These items are ealled"Escrow Items."At origination or at any tima during the term of the Loau,Lender may require that Community Association Dues,Fees; and Assessments, if any,be escrowed by Borrower, and such dues,fees arid assessments shall be an Escrow item.Borrower shall promptly furnish to Lender all notices of amouuts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items.Lender may waive Borrowee's obligation to 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 waiver, Sorrower shall pay directly,when and where payable,Yhe 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 pay'ment within such time period as Lender may require.Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and agrecment contained in this Security Tnstrument,as the phrase"covena�it and agreement"is used in Section 9.If Borrower is obligated to pay Escrow Ttems directly,pursuant to a waiver, 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 Borrower shall then be obligated uuder Section 9 to repay to Lender any such amount.Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section I S and, upou such revocation,Borrower shall pay to Lender all Funds,and in such amounts,that are then required under this Section 3. Lender may,at any time;collect and hold Funds in an amount(a)sufficient to permit Lender to apply the Funds at the time specified under RESPA,and(b)not to exceed the m�imum amount a lender cai�require under RESPA.Lender shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Itcros or otherwise in accordance with Applicable Law. 8801�59510 8807758570 NEBRASKA-Single Family-Fannie Mae/Frztldie Mac UNIFORM INS?RUMENT WITH MERS Form 3026 1 ro� VMP@ VMPoA!NE��it051 Wolters Kiuwer Financial Servlces Page 5 of 17