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�o��o�� 2. Appllc�tion of Payments or Proceeds. Except as otherwise describe� 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) atnounts due under Section 3. Such payments sha11 he applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under tlus Security Insbrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment wluch includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the lale charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To tha extent that any excess e�usts after the payment is applied to the full paymeat of one or more Periodic Payments, such excess may be appli� to any late chazges due. Voluntary prepayments shall be applial first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellan�us 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 Egcrow Items. Borrower shall pay to Lender on the day Periadic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which c�n attain priority over this Security Instr�maent as a lien or encumbrance on the Properiy; (b) leasehold payments or ground rents on the Property, if any; (c) pramiums for any and all insurance required by Lender under Section 5; and (� Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the pa.yment of Mortgage 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 tha Loan, Lender may require that Community Association Dues, Fees, and Assessnnents, if any, be escrowed by Borrower, and such dues, f�s and assessments shall be an Escrow Item. Borrower sha11 promptly furnish to Lender all notices of amounts to be paid under this Section. Borrower sha11 pay Lender the Fuads for Escrow Items unless Lender waives Borrower' s obligation to pay the Fuads for any or all Escrow Items. Lender may waive Borrower' s obligation to pay to Lender Funds for any or all Escrow Items at any ti�. 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 Itenns for which payment of Funds has been waived by Lender and, if Lender requires, sha11 furnish to Lender r�eipts evidencing such payment within such time period as Lznder may require. Borrower' s obligation to make such payments and to provide receipts ahall for all purposes be deeme� to be a covenant and agreement contained in tlus Security Instrument, as the phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the anrount due for an Escrow Item, Lender may exercise its rights under Se�tion 9 and pay such amount and Borrower shall then be obligat� under Section 9 to repay to Lender any such amount. Lender may ravoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with 5ection 15 and, upon auch revocation, Borrower shall pay to I.ender all Funds, and in such amounts, that are then required under this Section 3. Lender may, at any time, colle�t �d hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at the tia�e specified under RESPA, and (b) not to excxed the maximum amount a lender c�n require under RESPA. Lender sha11 estimate the amount of Funds due on the basis of current data and reasonable e.gtimates of expenditures of firiure F,scrow Items or othervvise in accordance with Applicable Law. 2200271788 IdEBRASKAS�gIe FamOy-F�fNe Mae/Freddie Mao UNIFORM INSTRUMENT WfTH MEAS VMP (ql Wok�s Kluwer FfnerMJal Servlees D VBANE Form 30lB 1lOt VMPBAINE) (110b1 Pape 6 of 17 , i � r