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�0�209395 2. Applicatlon of Payments or Proceeds. Except as otherwise de�ribed in thia Saclion 2, a11 payments accepted and applied by Lender shall be applied in the following arder of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periadic Payment in the order in which it b� due. Any remaining amounts sha11 be applied first to late charges, second to any other amounts due under ttus Security Inslrument, and then to reduc� the principal balance of the Note. If Lender receives a payment from Borrowe� for a delinqueat Periodic Payment which includes a suflicient am�unt to pay any late charge due, the payment may be applied to the delinquent payment and the late chazge. If mare than one Periodic Payment is outatanding, Lender may apply any payment reieived from Borrower to the repayment of tha Periodic Payments if, and to the axtent that, each payment c�n be paid 'm full. To the extent that any �cess exists after the payment is appli� to the fiill payment of one or more Periodic Payments, such excess may be applied to any late charges d�e. Voluntary prepayments shall be appli� first to anY PrePaYment charges and then as descn'bed in the Note. Any application of payments, ;nm procceds, or Miscellaa�us Proc�eds to principal due under the Note shall not extend or postpone the due date, or change the amoimt, of the Periodic Payments. 3. Funds for E�Crow Items. Bonower aha11 pay to Lender on the day Periodic Payments aze due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of aumunts due for: (a) taxes and asses�ments and other items which c�n attain priority over this Security Instrument as a lien or �ncumbrance on the Property; (b) leasehold payments or ground rents on the Properiy, if any; (c) premiums fc►r any and all insurance required by Lender under Section 5; and (� Mortgaga Insivance premiwns, if any, or any sums payabla by Borrower to Lender in lieu of the payment of Mortgaga Insuranca pramiums in accordance with the provisions of Section 10. These items are called "Escrow Items." At origination or at asry time during the term of the Loan, Lender may require that Community Association Dues, Fces, and A.ssessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Saction. B�orrower shall pay Lender the Funds for Escrow Items unless Lender waivea Borrower' s obligation to pay the Funds for any or a11 Escrow Items. Lender may waive Bonower's obligation to pay to Lender Funds for any or all Escrow Items at any rime. Any such waiver may only be in writing. In the event of such waiver, Bflaower ahall pay directly, whem m�d where payable, the amounts due for any Escrow Items for wluch payment of Funds has bcen waived by Lender and, if Lender rcquires, shall furnish to Lender receipts evidencing such payment within such time periad as Lender may require. Borrower's obligation to make such payments and to provide receipts shall for a11 purposes be deemed to be a covenant and agreement containefl in this Security Ins�nt, 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 Borrowar fails to pay the amount due for an Escrow Item, Lender may axercise its rights under Saction 9 and pay such amount and Bonower shall then be obligated under Secrion 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any tix� by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in such a�unts, that are then reqiured under tlus 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 excad the maximum amount a lender c�n requira under RESPA. Lender sha11 estimate the ax�unt of Funds due on the basis of currant data and reasonable e,qtimates of expendi� of future Escrow Items or othervvise in accordance with Applicable Law. 2200286135 D V6ANE NEBRASKA.Sfngle FamOy-F�Ne Mae/Freddle Mac UNIFORM INSTRUMENT WffH MERS Form 3038 1/Ot yMp � VMP6A(NE►11106) Wolters Ktuw� F�dal3ervkes P�e 6 oi 17 , ,,:,` �� �� �