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201206722 2. Appliption of Paymer�ts or Proceeds. 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)intereat due under the Note; (b)principal due under the Note; (c)�nounts due under Section 3. S�ch payments shall be applied to each Periodic Payment in the order in wlrich it 6eceme due. Any remaining amounts shall be applied first to late charges, second to any other amounffi due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a paym�t from Borrower for a delinquent Periodic Payment wlrich includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the]ste charge. If more tl�ane Periodic Payment is outstanding, Lender may apply any payment received from Horrower to the repayment of the Periodic Payments if, and to the e�ent that, �ch payment can be paid in full. To the extent that any�cess exists after the payxr�ent 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 described in the Note. Any application of payments, insurance procceds, or Miscellaneous Procceds to principal due under the Note shall not extend or postpone the due date, ar change the amount, of the Periodic Payments. 3. Funds for EsCrow Items. Borrower shall pay to I.ender on the day Periodic Payments are due under the Note, until the Note is paid in full, a s�an(the"Funds")to provide for payment of amounts due for: (a)ffixw and assessments and other items whicb can attain priority over this Security Inswment as a li�or encumbrance on the Property; (b)leasehold payments or ground rents on the Propeity, if any; (c)premiwns 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 Mortga�,e Insurance premiums in accordance with the provisions of Section 10. These items are called"Escrow Items." At origination or at any time during the term of the Loan, Lender may require thaz Community Associarion Dues, Fas, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furuish to Lender all natices af amounts to be paid under this Section. Borrower shall pay Lznder the F�mds for Escrow Items unless I.ender waives Borrower's obligarion to pay the Funds for any or all Escrow Items. Iznder may waive Borrower's obligarion to pay to Lender Fimda far azry or all Escrow Items at any time. Any such waiver may only be in wriring. In the event af such waiver, Horrower 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 I,ender reteipts evideucing such payment witlun 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 agreement contained in ttus Security Insh�mzent, as the phrase"coveoant and ageement" is used in Se�ion 9. If Horrower is obligated to pay Escrow Itecns directly, pwsuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may eacercise its rights under Section 9 and pay such amount and Borrower shall then be obligabed under Section 9 to repay to Lender azry such amount. Lender may revoke the waiver as to any or all Escrow Items az any time by a notice given in accordance with Section 15 and, upon such revocation, Hoaower sl�all pay to Lender all Funds, and in such amounts, that are then required under tlus Section 3. Lender may, at any time, collect and hold Funds in an amoum(a)sufficient to pernrit Leuder to apply the Funds at the time specified under RESPA, and(b)not to exc�d the maximum amoimt a lendc.r can require under RESPA. I.ender shall estimate the amount of Funds due on the basis of current data and reasanable �timates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law. NEBRASKA.Sin Is Fem 1300450433 D VBANE VMP`� g dy-Fannie Mse/FrodOis Mec UNIFOHM INSTRUMEM WRH MEFS VMPBA�NE�7 1 5�� WONss Kluwx Fnenoal Sarvirws Pepe 6 of 1]