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201207093 2. Applicationof Payments or ProCeedS.Except as othcrwise described in this Section 2, all payments accepted and applied by Lendcr shall be applied in the following order of priority: (a) interest due under the Note; (b)principal due under the Note; (c)amounts due unde�Section 3. Such paymeuts shall be applied to each Periodic Payment in the order i�which it bccame due. Any remaiaing amoants shall be applied fust to late charges, second to any other amounts due under this Sewrity Insmiment,and then to reduce the principal balance of the Note. If Lcndcr rcccivcs a paymcnt from Borrowcr for a dclinqucnt Pcriodic Paymcnt which includcs a su�cicnt amount to pay any late charge due, the payment may be applied to the delinquent paymeut and the late charge. If more than one Periodic Paymcut is outstanding, Lcnder may apply any payment rcceived from Borrower to the repayment of the Periodic Paymeuts if,and to the extent that, each payment can be paid in fi�ll. To the extent that any excess exists after the payment is applied to the fidl payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applicd first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds,or Miscellaneous Proceeds to principal due under the Note sLall not exteud or postpone tl�e due date,ox change the amount,of tlie Periodic Payments. 3. Fundsfor Eserow Items.Borro�ver shall pay to Lender on the day Periodic Payments aze due under the Note, until the Note is paid in full, a sum(the "Punds")to provide for payment of amounts due for. (a)tazes and assessments and other items which can attain priority ovcr this Security Instrument as a lien or encumbrance on the Proper[y; (b)leasehold payments or ground rents on the Property, if nny; (c)premiums for any and all insnrance reqLiired by Lender under Section 5;and(d)Mortgage Insurance premiums, if any, or any sums payable by Rorcower W T.ender in lieu of the payment of Ntortgage Insurance premiums in accordance wiNi the provisions of Section 10. These items are called "Escrow Items."At origination or at any time during the term of ttie Loan, Lender may require that Community Association Dues, Fees,and Assessments, if any,be escrowed by Burruwer, aud such dues, fees xnd assessments shall be au Escrow [tem. Borrower shall promptly furnish to Lendcr all uotices of amounts to be paid undcr this Section. Borrower shall pay Lcnder the Funds for Escrow Items unless Lender waives Bottower's obligatio�i to pay the Punds for any or all Escrow Items. Lender may�vaive Boaower's obligation to pay to Lender Punds for any or all Escrow Items at any time. Any such waiver may only be in writing.In the event of such waiver, Boaower shall pay directly,when and where payable, the amounts duc for any Escrow Items for which payment of Funds has been waived by I,e:nder and,if Lender cequires,shall furnish to Lender reccipts evidencing such payment within such time period as Lender may require. Rorrower's obligation to makc such payments and to provide rcceipts shall for all purposes be deemed to be a covenant and agreement contained in this Securiry Instrument, as the phrase "covenaut and agreement" is used in Section 9. If Bonower is obligated to pay Lscrow Items direotly,pursnant to a�vaiver, and 8orrower fails W pay the amouut due for au Escrow Item, Lender inay exercise its rights under Section 9 and pay such amount and Aorrower shall then be obligated under Section 9 to rcpay to Lender any suoh amount. Lender 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 Fnnds,and in such amounts,that are then required under this Section 3. Lender mny,at any time,collcet and hold Funds in an amoant(a)sufficicnt to permit Lendcr to apply thc Funds at the time specified under RESPA,and(h)not to exceeA the maximum amount a Icnder can require unJer RESPA. Lender shall estimxtz thc amount of Fnnds due on the basis of current data aud reasouable estimates of expenditures of fa[ure Escrow Items or othen�ise in accordance�vith Applicable Law. NEBRASKASIngle Pam'ryFannle Mae/Fretldle Mac UNIFORM INSIRUNENTN9TH MEF^u Form 30281/[N VMP� VMP&4�NE)Q 105J�0 Wolters 4Uuwer Finenclei SeMces Pege 5 of 1] II I I I'IIII I I III II'II II I I II I IIIII I I II I I II I II�II III q03309249118 0233 313 0517