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201210371 2. Applicationof Paymentsor Proceeds.Except as otherwise described i�this Section 2, all payments accepted and applied by Lender shall be applied in the following order of pnority: (a) interest due under the Note; (b)principal due under the Note; (c)amounts due under Section 3. Such payments shall be applieJ to each Penodic Payment in the order in which it became due.Any remaining amounts shall be applicd first to late charges, second to any other amwuts due under this Security Instrument,and then to reduce the pcincipal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufticie�it amoant to pay any late charge due,the paymen[may be applicd to the delinquent pa}nnent and the late chazge. If more than one Periodic Payment is outstanding,Lcnder may apply any payment received from Borrower to the repayment of the Periodic Payments if. and to the exYent that,each payment can be paid in full. To the extent that any excess exists afier the payment is applied to the full payment of oue or more Periodic Payments, such excess may be applied to any latc charges due. Voluntary prepayme�ts shall be applied first to any prepayment charges and then as described in the Note. A�y application of payments, insurance proceeds,or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date,or change the amount, oFthe Periodic Payments. 3. Fundsfor Escrow Items.Borrower shall pay to Lender on the day Periodic Payments aze duc 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�vhich can attain priority over this Security Instrumeut as a lien or encumbrance on the Property;(b) lease6old paymen[s or ground rents on the Property, if any; (c)premiums for any and all insurance required by Lender under Section 5; and(d)Mortgage Insurance preminms, if any, or any sums payable by Boxrower to Lcnder in licu of the payment of btor[gage Insurance prcmiums in accordance with[he provisions of Sectiou 10.These items are called"Escrow Items." At origination or at any time duri�g the term of the I,oan,Lender may reqt�ire that Community Association Dues, Fees,and Assessments, if any,be escrowed by Borrower, and such dues,fees and assessmcnts shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this $ection, Boaower shall pay Lender the Punds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's o6ligation to pay to Lender Funds for any or all Escrow Items at any time.Any such waiver may only be in writing. [n the event of such waiver, Bottower shall pay d'uec[ly, when and where payable,the amounts due for any Eserow Items for which payment of Funds has been waived by Lender and, if Lender requires, shall Yumish to Lender receipts evidencing such payment within such time period as Lender may require. Bvrrower's obligation to make such payments and to provide receipts shall Yor all purposes bc deemcd to be a covcnant and ageement contained in this Security Instrument, as the phrase "covenant and ageement" is used in Section 9. If Borrower is obligated to pay Escrow I[ems d'vectly,pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item,Lender may exercise its rights undcr Section 9 and pay such xmouut and Boaowei shall then be obligated under Section 9 to repay to L ender any such amount. Lender may revoke the waiver as to any or all Escrow Items at auy time by a no5ce given in acconlance with Section 15 and, upon such tevocation,Sorrower shall pay to Lender all Funds, and in such amounts,that are then rcquired under this Section 3. Lender may,at any time,collect and hold Fnnds iu an amount(a) sufficient to permit Lender to apply the Funds at the time specified under RESPA, and(b)not to exceed the masimum amount a lender can require under RESPA, Lender shall estimate the amount oti[unds due on the basis of current dxta and rexsonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law. NEBRPSKASingle famiy-Fannie MaelFietltlie Mac UNIFORM INSTRUMENT W ITH MERS Foim 3028 V�1 VMP� VMP6A(NE)(1105).00 Wolters Kluwar Finandal5ervices Page 5 0!1 T III Illlllllllllllillll�llllllllllllllllllllllllll q03310280489 0233 45 �517