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201401367 2. Application of Payments or PtOCeeds. Except as otherwise described in kl�is Section 2, all payments accepted and agp�ied by Lender shail be applied in the follow�ing order of priority: (a) interest due uncier the Nate; {b) principal dne under f�e Note; (c) amounts due un[�er 5eetian 3. Such payments sl�all be applied to each Periadic Payinent in the order in which it became due. Any rerriaining a�ounts shall be agplied �irst to late charges, seeond to ariy other arnounts due under this Security Instar�ment, and then to reduce the principal balance of the Note. If Lender receives a payment frazni Borc'ovver for a delinqr�enE Periodic Payrnent whieh inclndes a sufficient amount to pay any la#e charge due, the payrnent may be applied to fhe deli�quent payment and the late cl�arge. If more than one Periodic Payme�t is outstanding, Lender z�ay apply any payuient received firom Barrower to the repayment of#he Periodic Payments if, and ta the extent thai, each paymer�t can be paid in fiil�. Ta the extent that any excess e�sts after the payrnent is applied to the fi�ll payznent of one or znoce Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayznenrs shall be applied fust to any prepa�nent charges and then.as described in the Note. Any applieation of payrnents, insurance proceeds, ar Miscellaneons Proceeds to principal due under the Note shall nat eactend or postpone tha due date, or c�►ange the amount, of the Periodie Pay�nents. 3. F'unds for Escrow ltem5. Borrower shali pay to Lender on the day Penio[lic Pay�e�ts are dae under the Note, nntil the Nate is paid in fuIl, a sum (the "�'unds") ro provide for pay�nent of amounts due for: (a) ta�ces and assesssnents and other items which can attain priority o�ver tl�is Security Instrume�zt as a lien or encurnbra�ce on the Property; (b) leasehold payments or ground rents on the Properiy, if any; (c) premiwns �or any and all insurance required by Lender under 5ectian 5; and (d} Mortgage�ns�ranc�premiams, if any, or any sums payable by Boreower to Lendar in lieu of the payment af Mortgage Insurance premiums in accorda�ce with the provisions af Sec6nn 10. These items are ca.11ed "Escrow Items." At ariginalian or at any time duz-i.n� the term af khe Loan, Lender rnay requiee that Cammunity Associa�on Dues, Fees, and Assessme�#s, if any> be escrowed by Sorrower, and such dues, fees a.md assessments shali be an Esc�aw Item. Borrower shall prompt�y furmish to Lender aII notices of amounts to be paid nnder this Section. Borrawer shall pay Lender the Funds far Escros�v Items unless Lender waives Borrower's abligatiort to pay the�'nnds for any or all Escrow Items. �.ender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Ite�ns at any tizne. Any such waiver rnay only be in writing. In the event of such waiver, Borrower shall pay direckly, when and where payable; the amounts due for any Escrow Itesns for wtuch payment of Funds has been waived by Lender and, if i.ender requires, shail furn�sh to Lender receipts evi�dencing such payment within such time period as Lender may require. Sonrower's obliga�ian to make such payments and ta provide receipts shall for all puzpases be deemed ta be a covenant and agreement contained in this Seeurity Instrument, as the phrase "cove�ant and agreement" is used in Sectio� 9. If Borrower is obligated to pay �scrow Items ciirectly, pursuant to a waiver, and Borrawer fails to pay the amaunt dae far an Escrow Ite�, Lender may exercise its rights under Section 9 and pay such amount a�d Borrower shall then be obligated under Section 9 to repay to Lender any such a�nount_ Leader may revoke the waiver as ta a�y or all �scrow Items at a�y tirne by a natice given in accordance with Seetion 15 and, upon such revoca#ion, Borrower shall pay to Lendez all Funds, and iz� such amounts, that are then required under ttiis Section 3. Lender may, at any tirne, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Fnnds at tha time speci�ied under RESPA, and (b) not to exceed the m�iamum amaunt a lender can require under RESPA. Lender shall estimate the amount of Funds due on tt�e basis of current data and reaso�►able estirr�ates of expenditures of future Eserow Items or otherwise in accordance with Applicable Law. 0�7723673783 [00"It23873783J NEBR.4SKA-Single Family-Fannie MaelFretldie Mac UPIIFORM IIVSTRLFMENT WfTH MERS Form 302B 7I61 VTAP(R} VMP6A(NE1(1302).00 W�ters Kluwer Financial 5ervices Page 5 df 17