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201209603 2. Applieation of Paymenis or Proceed5. Lxcept ns othcrwise described in this Section 2, all paytneiiLs accepted and applied by Letider shall bc app(ied in the fullowii�g ordc�� of priority: (a)intcrest due under U�c Note; (b)prineipal doc under die NoCe; (c) a��ioun�s dtie tmder Sec[ion 3. Such payments sl�a(l be applied to each PerLodic Paymcn[i�� d�e order in which it be�ne due. Aay rcmaiilu�g amount.s shall be appl ied fiist to late charges, second W nuy olher nmowits due under this Security InStrumcnt, and then to reduce the principal balance of tl�e Note. If Lender receives a payment fi�om Borrower lbr n dcliuqucnt PerioAic Vayment which includes n suIlicient amount to pay any late charge due, C(ie payment may be ap}�licd to the dalinquent payment and the lnle charge. If more lhan onc Pcriodic Payment is outstanding, Lender mny .ipply any payment receiveci from Borrower tu d�e repflyment uf lhe Periodic Payments if, and to t6e extent fhnt, eacli pnyinent can be paid in full. To [I�e extenC YhaC any excess exisfs afler �lic paymc��t is ¢pplied Go the fulf paymen[of one oe more Periodic Payments, such excass may be applied to any Iatc chnrges duc Voluntary prepayments shall be applied first W a�y prepaymcnt charges and then as desa�ibed in tlze No[c. Pary application of payments, insurei�ce piaoccds, or Miscellaneous Yroceeds to priucipal d��c undcr thc Note shnlL not extend or posCpone tlie dne date, or change ttic aivount, of che Periodic Yayments. 3. Funds for Eserow Items. Rorrower sl�all pay W Lentler on thc day Periodic Payments are due under die Nots, tmtil lhe Nulc is p;�id in full, a stnn(the "Funds") to providc tbr paymcut of�miounts due for. (a) taxes and assessments a�ld other i�ems which can ai:tain priority over tbis Securily Inatrumenl as a lien or cncumbrance on tl�e Yroperty; (b) LcaschoLd paynxnts or ground rents oo the Properly, if aiiy, (cj premiums for uny and atl insurance reqoired by Lendcr undcr Scctimi 5; and(d)Mort�gage lnsurance premimns, if�any, or ai�y simis payable by Rorrowee to Lender ii� lieu ul�tlic paymen[of Mortgage Ins�rance premiu��is iii accord��lce will� lhe provisions of Section 10. "fl�es�e ilems are calLcd "Escrnw items." At origination or a[ any Yime duri�g the I:em�of tlic L,oao, Lender may requii�e that Co�nmunity Association Dues, Fees, and Assessments, if any, be escrowed by Bon�ower; and cuch daes, fees pnd nsscssmcuts s11aIL be an Fscrow Ilem. Borrower shall p�romptly fnrnish W Lcnder all notices oP amounts [o be paid under tl�is Scction. Burrower sl�ali pay Lender the F'unds for 13scrow I�ems unless Lender waives Bonawer's obligaliun W pay the Ftmds f�or a�ry or atl fiscrow Items. Lendet mzry wnivc Bon�ower's oblig2Cior�to pay to Lender 1^unds for aay or al( lscrow Ilcros at any time. Any s�ch waiver mt�y only bc in v,��i[ing. in the event of suck� waiver, Rorrower shall ptry dircetLy, when and where payable, the amo�mts duc Yor any Escrnw Items foa'which payment oP Funds hes been waived by Lender and, if Lendei ru�uirw, shall fi�rnisl�to L,�nder receipts cvidcncing such paytnent wiQ�iu suci� lin�c period as Lendet iiiay requu�e. Borrower's obLigation to maI<e such payinants and to provide receip[�shalt for alt pwposes be deemcd to be a coveoan�and ag�ecnxnt contained iii Lliis Sewrity Tnstrument, as lhe phrnsc"covenant and agreetneot" is used in Section 9. lf Rorrower is obligaled to pay Escrow Items directly, ptu-sunn�t� a waiver, and Ron'ower faits to pay the amount due for an LSscrow Item, Cender may exercise its rights under Section 9 anA pay such amount and Borrower shall tdien be obligatcd undea� Section 9 to repay to Lent3cr any such amount Lender may revoke I]�e waiver as to any or aLl Gsctow Itame a[any time by a notice given i��nccordancc willi Section I S and, upon such revocacion, Borrower shall pay to Lender al I Funds, and in s'ttch �mo�mts, thal nre Lhen requircd nndcr �l�is Section 3. Lender may, n[niiy time, collect and liold l�uuds ii�en amuuut(a)s�fYicient to permit Lender to apply We Funds a[the time specilied under RESPA, and (b) not to exceed LI1c nlaximum amount a lender can require undcr RESPA. i.ender shail estimatc the amount o4'Runds due on the bnsSs uf currcnt data and reasonable cstimatcs of expenditutes of fuuire Escrow items or otheiwise in aa;ord�mce willi Applicablc Law. 880�356ti�6 ��r P 660135A616 N�RASKA-SingleFamlly-FannleMaalPreddleN.ucUNIFOHMINSTROMENTWITHMEffS �� Form30281l01 V M P� VM P6 Paqe 5 of��)� Wolmrz Klumcr Financizl Servlcas