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��14�1517 <br /> Z. Applicat�vn of Paym�nts ar Pr���eds. Excep�as otherv�rise described xn th�s Sec�ion�, a�i payments <br /> accep�ed and applied by Lender shall be app�ied zn�he follow�ng order�f priarity: (a} �n�erest due under the <br /> No�e; �b�principal due under the Note; �c� amoun�s due under Sect�an 3. Such payments sha��be app�ied ta <br /> each Per�odic Paymen�in�he order �n which it became due. Any rema�ning amoun�s shal i be applied firs�to <br /> la�e Charges, second to any o�her a�mflun�s due under�his Securzty�nstrument, and�hen�o reduce the <br /> prin�ipal balanc�of�he N�ote. <br /> rf Lender recei��s a payment from Borrow�r for a delinquen�Per�odic Paym�nt Which inc�udes a suff cient <br /> amflunt�o pay any la�e charge due, the paymen�may b�applied�a�he delinquent payment and th�la�e <br /> charge. �f mor��han flne Per�odic Payment�s ou�stand�ng, Lender may apply any payment received from <br /> Barrower to�he repaymen�of�he Periodic Paymen�s if, and�o the extent tha�, each paymen�can be paid �n <br /> fu1X. To the extent tha�any�xcess ex�sts after the paymen�is applied t��he fuil paym.en�of one or more <br /> Periodic Paymen�s, such excess may be app�ied t�any Iate charges due. Voluntary prepayments sha1�be <br /> applied f rst ta any pr�paymen�charges and then as described in the Na�e. <br /> Any application af paym�rit�, insurance proc�eds, or Miscellaneous Pr�ceeds to prin�Ypal due under�he Na�e <br /> shali not ex�end or postpfl�e the due date, or change the am�un�, �f the Per�odic Paymen�s. <br /> 3. Funds for Escraw Iterns. Borrow�r sha��pay�o Lender on�he day Peri�dic Paymen�s are du�under the <br /> Note, un�il the N��e �s paid�n full, a sum��he "Funds"��o pra�ide for payment of amaunts due for: (a��axes <br /> and assessm�nts and flther�tems which can at�a�n pr�arity flv�r th�s Securi�y Instrumen�as a l�en or <br /> encumbrance�n�he Prflperty; �b� �ea�eho�d payments�r graund rents on�he Praperty, if a.ny; �c�premiums <br /> for any and aII insurance required by Lender under Sec��on 5; and�d}Mortgage�nsurance premiums, if any, <br /> or any�ums payable by Borrower ta Lender�n Iieu of�he payment of Mortgage Insura.nce premiums�n <br /> accordance w��h�he pra�rxsions of 5e���an 10. These�tems are cal�ed "Escr�w��ems." A�Qrigina�ion ar a� <br /> any t�me during�he term of the Loan, Lender may requ�re�hat�ommunity Associa�i�n Dues, Fees, and <br /> Assessments, if any, b�escro,wed by Borrower, and such dues, fees arzd assessments shal� be an Escr�� <br /> Item. B�rrav�er �hail promp��y furnis�i to Lender aIl noti�es�f amounts to be paid under this Section. <br /> Borrower shall pay�ender the Funds for Escrow I�ems un�ess Lender v�ra�ves Barrov�er's ob�igation to pay <br /> the Fund�for any ar al�Escrow Item�. Lender may wa�ve B�rrower's ob�igat��n to pay�o Lender Funds for <br /> any or all Escrovv��em�a�any time. Any such wa�ver ma�anly be rn wr���ng. �n�he ewent of such waiver, <br /> Borro�er sha�l pay d�rectly, when and where paya��e, �he amoun�s due fnr any Escro����ms f�r�whi�h <br /> paym�n�of Funds has been wa���d by Le�der arzd, �f Lender requ�res, shall furnish to Lender receipts <br /> evidencing such paym�n�wi�hin such t�m�per�od as Lender may require, Borravver's obligation�o m.ake <br /> such payments and t�provide receipts sha�� for a�X pur�poses be deemed to be a covenan�and agreement <br /> contairied in�his Security�ns�rument, as�he phrase "cavenant and agreement" is us�d in Sect�on 9. �f <br /> Barrawer is abliga�ed�o pay Escrov���ems d�rectly, pursuan��o a waiver, and Borrawer fails��pay�he <br /> am�un�due for an Escraw�t�m, Lender may e�ercise its rights upder Sec�ion 9 and pay such amount arnd <br /> Borrovv�r sha�� �h�n be abliga�ed und�r Se�t�on 9 ta repay�o Lender any such am�un�. Lender may revoke <br /> the vvaiver as�o any or a��Escrow Items at any�ime by a not�ce given�n accordance v�z�h Sec��on �S and, <br /> upan su�h revo�a�ion, Borrower shall pay to Lender al,�Funds, and in such amoun�s, �ha�are th�n requir�d <br /> und�r�h�s S�c��on 3. <br /> Lender may, a�any time, collec�and ho�d Funds in an amoun��a� sufficient to permi�Lender t�appiy the <br /> Funds at the��me specified under RESPA, and�b�not to exceed�he max�mum amoun�a�end�r can require <br /> under RESPA. Lender sha.l� es��ma�e the amoun�of Funds due on�he basis of curren�da�a and reasonab�e <br /> estimates�f expenditures af future Escrow�tems ar otherw�s�in a�cardance wi�h App�icable Law. <br /> 8$��5T1538 88�1571538 <br /> NEBRASKA-5ingfe Fam i1y-Fannie M aelFreddie M a�UNf��RM 1NSTRUi11f ENT W1TH M ER5 �orm 302 8 1!0� <br /> VM P� VM P6A[NE�(�302} <br /> Wolters Kluw er F'inar�cia!5ervices Page 5 of�7 <br />