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��14�1557 2. Ap�fi�ation of Pa�m�n#s or P�'�C�dS. Except as otherwise descri�ed in this Section 2, a�l pa�ments accepted and app��ed by Lender sha�� l�e applied in �he foXla�ri�.g order of priority: (a} interest due under the �Tote; �b� pr�ncipal due under the I1Tot�; (c} amoun�s due under 5ection 3. Su.ch payments shall be app�ied to each Period�c payrnent in the order in v�h�ch it became�3ue. Any r�maining amvunts shal� be applied f�rst�o �ate charges, second to any orher amaunts due unc�er �h�.s Security Ins�rument, and then to reduce the principal balance af the Nate. If Lender recei�es a payment fr�m Barrawer far a del.inquent Feriodic Payment which includes a suff�cient amount ro pay any late charge due, the payment may be applied �o the de�inqu�nt payment and the late charge. If more than an� Periodre Payment i� auts�anding, Lender may apply any payment received from Borro�r�r to the repayment of the Perivdi� Payments �f, and to the extent that, each payment can be paid in ful�. To the extent that an� exces� ex�sts after the payment is applied to the full gayment af one or more Per�odie Paymen�s, sueh excess may be appl�ed to an�r late charges due. Voluntary prepayments shal� be applied first to any prepayment�harge� an�.then as de�cribed�n the Note. Any application of payments, xnsurance praeeeds, or M�s��llane��us Proceeds�o grincipal due under the Note shall not extend or postpone the due date, or change the arnount, of the Periodic Payments. 3. Funds far Escrvw It�mS. Barrower sha11 pay �o Lender on the day Periadic Payments are due und�r the Note, untii the NQte is pai.d in full, a sum�the "Funt�s"� ta pro�ide for paym�nt of amaunts du�far: (a�taxes and assessm.�nts and other items whieh can at�.ain priflrity over this Securit� Instrumen� as a Iien or encurnbrance on the Property; �b} �easehald payments or ground rents �n �he Property, if any; �c}premiums fvr an�and a�l insurance required by Lender under Secrion 5; and �d} Mortgage Insurance premiums, if any, or any sums payable by Borrvwer to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions af Sectian 1�. 'I`hese items are called "Escrow Items." At or�gination or at any t�me during the terrn �f �he Loan, Lend�r may require that Community Association Dues, Fees, and Assessments, �f ar�y, be escrowed by �orrower, and such dues, fees and assessments sha.�l be an Escr�w Item. Borrower shall promptly furnish to Lend�r all notices flf amounts to be pai�l under this S�c�.on. Barrov�er sha.�l pa� Lender the Funds far Escr�w Items unless Lender wai�es Borrvwer's obligatxon to pay �he Funds for any or all Escraw Items. Lender may waiv�Barrawer's obligation �o pay to Lender Fun�is far any ar a�l Escrovv Items at any time, Any such waiver may on�� be in wr�t�ng. In �he e�ent af such wa��er, Barrflwer shal� pay directly, v�hen and where pa�ab�e, the amaunts due far any Escro� I�ems far which payment nf Funds has been waived by Lender ana�, if Lender requires, shal� furnish to L�nder rece�pts e�idencing such payrnent with�n such time period as Lender may require, Borrawer`s ab�igation ta make such pa�ments and to pro�ide receipts 5ha�i far all purposes be deemed to be a co�enant and agreement �ontained in this 5ecurity Instrument, as �he phrase "co��nant and agreement" is used �n Sectian 9. If Barrawer is ob�igated to pa�r Escraw It�ms directl�r, pursuant to a �vai�er, and Borrower fa�ls �o pa�r the amvunt due fvr an Eserovv Item, Lender may e�ercise its righ�s under 5ection 9 and pay such amaun� and Barrvwer shall then be abligated under Secrian 9 to repay �� Lender any such amaunt. Lender ma� re�oke the wai�er as to an�r or aI� Escrow It�ms at any t�me b� a nQtice gi�en in a�cordance vvith Sect�on 15 �nd, upon such re�ocation, B�rrower sha11 pa� to Lender al� Funds, and in such arnaunts, that are �hen required under th�s Sectivn 3. Lender may, at any time, callect and hold Funds in an a�naunt �a} sufficie�t to permit Lender to ap��y the Funds at the time specified under RE�PA, and (b} n�t to e�ceed the maxxmum arr�aunt a iender can require under R��PA. Lender sha�l estimate the amaunt of Funds due �n the basis of current data and reasonabl� estimates of�xpenditures of future Escrow�ten�s or otherwise in accQrdance with Applicabl�Law. OU1123865994 [001123866994] NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIF�)F�A INSTRLIMENT WlTH MERS Form 3028�l�1 VMP Q VMPfiA{NE�{13��}.QQ Woft�rs Kluwer FnanCiaf SBr�iCes Page 5 of�7