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��14��33� �. Applicati�naf Payments or Pro�eeds.Except as otherwise described in this Sec��on 2, a11 paym�nts accepted and applied by Lender sha11 be applied in the followi�g ord�r of priority: (a}interest due under the Note; (b�prin�ipal due under the No�e; �c}amaunts du�und�r�ectian 3. Such payments sha11 b�applied to each Periadic Payment in the order in�vhich it becarne due.Any r�main�ng amounts sha11 be applied first to late charges, se�ond ta any other amounts du�under this 5ecuri�r Instrum�nt,and then to re�uc�the prin�ipa�balance of the Note, If Leader receives a pa�ment from Borro�er for a delinquent P�riodic Payment which inc�udes a sufficient am�unt to pay�ny�ate charg�due�t�ie payment may be appl�ed to the d�linquent payment and t�e Iate charge. If more than one Feriodic Pa�men�is�u�standing,Lender may apply an�r payment received from �arrower to the repayment of the Peri�dic Payments�f,and to the extent that,each payment can be paid in fu11. Ta the extent that any excess exists af�er the payment is applied to the full p�yment�f one or more Periodic Payments,such excess ma�be applied to any late charges due.Voluntary prepayments shal�be applied fu st to any prepayment charges and then as descr�bed in the Nvte. An�r app�ication�f payments, insurance proceeds,ar Miscellaneous Pr�ceeds to principa�due under�he Note shal�not�xtend or pastpone the due date,or change the amount,�f the Periodic Pa�ments. 3. Fundsfar Es�row Items.Borrow�r shal�pay to Lender o�the day Per�odic Payments are du�under the Note,until the Nate�s paid in fu.11,a sum(the"Funds"}to provide for paymen�t of amvunts due f�r: (a)taxes and asse�sments and other items which can attain priarity over this Security Ins�rument as a lien or encumbrance on the Prop�r�y; (b}leasehold payments or ground reats an the Fraperty, if any;(c)premiums for any and all insurance required by Lender under Section.S;and(d)Martgage Insurance pr�miums,�f an�r, or any sums payable by Borrower to Lender in l�eu of the paym�nt of Mortgage Insurance prem�ums in accardance�vith the pravisions of Section 1�.These it�ms are called"Escrow Items."At originatio�or at an�time during the term of the Lvan,Lender m.ay requ�re that�ornmunity AssoG�ation Dues,Fees,and Assessments, if any,be escro�ved by Borro�ver,and such dues, fees and assessments shall be an Escr�w �tem,Borrower sha11 promptl�furnish to Lender all notic�s of amounts to b�pai�und�r this Section. Borrower sha�I pay L�nder the Funds for Escrow Items unless Lend�r�ra�ves B�rr��ver's abligati�n t�pay the Funds f�r any or a�l Escrow Items. Lender may waiv�Borrow�r's abli�ativn to pa�to Lender Funds far any or all Escrow Items at any time.Any such waxv�r may�n1y be in.writing. In the event of such vvaiverA Barrower sha11 pay directly,when and where payable,the amounts due far�any EsGrow I�ems for which pa�ment of Funds has been tivaived by Lender and, if Lend�r requires, sha11 fiu7nish to Lender receipts evidencing such pa�m�nt within such t�me period as Lend�r may require. Bonower's obligation to make such paym�nts and to pro�ide r�ceipts shall for a11 purposes be deemed to be a c�venant and agreement cantained in this 5ecurity Iastrument,as the phrase"covenant and agreemen�'�is used in Section 9. If Borrower is obligated t�pay Escrow Items directl�r,pursuant to a�a�ver,and Barr�wer fails to pay the amoun.t due for an Escrvw I�em,Lender may ex�rcise its rr�hts uader SeGtivn 9�nd pa�such amaunt and Borro��r sha11 the�b�obligated�nder Section 9 t�repay tQ Lender any such amoun�, Lend�r may revol�e the�vaiver as�o any or a11 Escraw It�ms at any time by a notice given in a�cordance with��ction 15 and, upon such revocati�n,Borrower shall pay to Lend�r al�Funds,and in such amounts,that ax�then required under th�s Secti�n 3. Lender rnay,at any time,collect and ha�d Funds in.an amount(a)suf`fic�ent ta permit Lender to apply the Funds at the time specified under RESPA,and(b}nat tv exceed the maximum amount a lender�an require under RE�PA. Lender sha11 estimate th�amount of Funds due on the basis�f current data and reasvnable estimates of expenditures of future Escrow Items or oth�rwise in accordance with Applicable Law. F `� NEBR�►SKA�ir�gle Family-Fan�ie MaelFneddie A�ac t1NIF�RM 1NSTRLJMENT i�ViTH MERS _ Form 34281/49 v�P� VMP6A�NE3(1342}.4� Wo�te�s Kluwer Fir�ancia!Services Page 5 af 17 q�33�57G2251 �233 3D9 451?