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201207099 2. Appliedtionof Payments o�P►oceeds.Except as othcnvise 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 Note; (b}principal due under the Note;(c)amounts due imder Section 3. Such payments shall be applied to each Periodic Payment in the order in w6ich i[became due.Any remaining amounts shall be applied fust to late charges, sewnd[o any other amounts due under this Securiry Instrument,and then to reduce the principal balance of the Note. If Lender receives a payment&om Borrower for a delinquent Petiodic Payment which includes a sufficient amount to pay any late chazge due,the payment may be applied to the delinquent payment and the late chazge. If more than one Periodic Payment is outsfanding,Lendcr may apply any paymcnt receivcd from Borrower to the repayment of the Periodic Payments if,and to the extent that, each payment can be paid in fu1L To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Paymen[s,such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any ptepaymen[chazges and then as described in the Note. Any application of payments, iosurance proceeds,or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the dua date,or change the amount,of the Periodic Payments. 3. Fundsfor Escrow Items. Borrowcr shall pay to Lcnder on the day Periodic Payments are due uuder the Note,nntil the Note is paid in full,a sum(the"Fuuds")to provide for payment of amounts due for: (a)faxes and assessments and other items which oan attain priority over this Security Instrument as a lie�or encumbrance on the Property;(b)leasehold payments or gound rents on the Property, if any; (c)p:emiums for any and all insurance required by Lender uuder Section 5; and(d)Mortgage Insurance premiums, if auy, or any sums payable by Boaower W Lender in lieu of the payment of Mortgage Insurauce premiums in accordance with the provisions of Sec[ion 10. These items aze called"Exrow Items."At origination or at any time during the term oFthe Loan,Lender may require that Commnnity Association Dues, Fees,and Assessments, if any,be escrowed by Bonower,and suc6 dues,fees and assessments shall be an Escrow Item. Borsower shall promptly furnish to Lender all notices of amounts to be paid under[his Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borsower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borsower's o6ligation to pay to Lender Funds for any or all Escrow Items at any time.My such waiver may only be in writing. In the event of such waiver, Borrower shall pay direcNy,when and where payable,the amounts due for any Escrow Items for which payment of Punds has been waived by Lender and,if Lender requires, shall fumish to Lender receipts evidencing such payment within such time period as I,ender may require. Borrower's obligation to make such paymcnts and to provide reccipts shall for all purposes be deemed to be a covenan[and agreement contained in this Security InsWment,as the phrase"covenant and agreemen["is used in Section 9. If Borrower is obligated to pay Escrow Items directly,pursuant to a waiver,and Aonower fails to pay the amount due for an Escrow item,Lender may exercise its rights under Section 9 and pay sueh amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amouut. Lender may revoke the waiver as to any or all Escrow Items at auy time by a notice given in accordance with Section 15 and, upon sueh revocation.Borrower shall pay[o Lender all Punds,and in such amounts,that are then required under this Section 3. Lendcr may,at auy time,collect and hold Funds in an amount(a)sufficient to permit Lender[o apply the Funds at the tfine specified under RESPA, and(b)not to exceed the maximum amount a lender can require under RESPA.Lender shall estimate the amount of Funds due ou the hxsis of wrrent data and reasonable estimates of expenditures of future Escrow Items or otherwise in aecordance with Applicable Law. NEBRASHA-SlrglaFemly-Fannle MaeiFretltlle Mac UNIFORM INSTRUMENT WITH MERS Fortn 30201/Ot VMP� VMPBq(NE](1105).00 Wd[ers Kluurer Financial Services Page 5 of 11 III II■�'I�I III�I II IIIIIII'III)I IIII IIIII�III III q03309764280 0233 328 0517 �\\ �T `�,,'�E./ �1� �?�