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��14��595 2. A�pli�a#ionof Payments ar Proceeds.Except as other�ise described in�his Seetion 2, a�l paymen�s aecepted and app�ied by Lender shall be applied in the following order of priority: �a} interest due under the Note; �b}principal due under the I�Tote; �c}amounts due under Sectian 3. Such payments sha��be a�plied to � each Periodic Paymen�in th�ord�r in which it became due. Any remaining amounts shall be applied first to � late charges, second to any other arnounts due under th�s Security Instrument,and then to reduce the principal ba�ance of the Note. If Lender recei�es a payment frarn Borrawer f�r a delinquent Periodic Payment which includes a suffieient amount to pay any late charge due,the payment may be applied tQ the del�nquent payment and the late charge. �f more than one Periodic Payment is outstanding,Lender may apply any pa�ment rece��ed fram Borrawer to th�repayment of the Periodic Payments if,and to th�extent that, each payment can be paid�n full. To the extent that any excess exists af�er the gayment�s applied ta the fu11 payment of one ar m�re . Per�odic Payments, such ex�ess may be applied to any late charges due.Volunta.ry prepayments shall be applied frst to any prepayment charg�s and then as describ�d in the Note. Any app�ication of payments, insurance proceeds,or Miscellaneous Proceeds to principal due under th�No�e shall nat ext�nd or postpone the due date, or change the amaunt,of�he Periodi�Payments. 3. Fundsfar Escrow Items. B�rrou�er sha11 pay to Lender on the day Periodie Payments are due under�he Note,unti�the Note is paid�n full,a sum(the "Funds"}to provide for payment of amounts due for: (a�taxes and assessments and other items which can attain prrority a�er this Security Instrument as a��en or encumbrance on the Properry; (b}leaseho�d payments or ground rents on the Property, if any; �c}prem�ums for any and a�1 insurance required b�Lender under Sectian S;and(d}Mortga�e Insuran�e premiums, if any, or any sums payabie by Borrower to Lender in lieu af the payment of�Ijlortgage Insurance premiums in accordance��h the prov�sions of Section 1�. These items are called"Escraw Items."At origination or at any time during the term of the Loan, Lender may requi.re that Cammuni�Associatian Due�,Fees,and Ass�ssments, if any,be escrowed by Borrower, and such dues, fees and assessrnents shall be an Escrow Item. Borrovver sha11 promptly furn.ish to Lender a11 notices of amounts to be paid under�his Section. Borrower sha11 pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligat�on to pay the Funds for any or a11 E�crow Items. Lend�r may wai�e Borrower's obligat�on ta pay to Lender Funds for any ar a1�Escraw It�ms at an�time. Any such�ai�er may only be in writing. In�he e��nt of such�vai�er, Borrower shall pay d�rectly,wheta an.d where payable,the amoun�s due for any Escrow Items for which payment of Funds has been�uaived by Lender and, if Lender requires, sha11 fiurraish to Lender receip�s evidencing such payment within such time period as Lender may require. Borrower's obligation ta make such paymen.ts and to provide receipts shail for all purposes be deemed to b�a co�enant and agreemen� contained in this Security Instrum�nt,as the phrase "co�enant and agreement" is use��n Section 9. If Borrower is obligated to pay Escrow Items directly,pursuant to a wa�ver,and Borrawer fails�o pay the amoun�due for an Escrow Item, Lender may exercise ifs rights under Section 9 and pa�such amaunt and Borrower sha11 then be obligated under Section 9 to repay to Lender any such amount. Lender may r�voke the waiver as to any or all Escrow Items at any tirr�e by a notice gi�en in accordance with Sect�on 1 S and, upon such re�ocation,Borrower sha�l pay to Ler�der all Funds,and in such amounts,that are then required under this Section 3, L�nd�r may, at any time,collect and hold Funds in an amount(a}suffic�ent to permit Lender to apply the Funds at the time specified und�r RESPA,and�b�not to exceed the maximum amount a lender can require under F�ESPA. Lender sha11 estimate the amount of Funds due on the basi�of cunent data and reasonable estima�es of expenditures of futur�Escrow I�ems or�th�rwise in accordance�r�th Applicable Law. NEBRASKA-Singke Fami1 -Fannie NlaelFreddie Mac LINlF�RM�NSTRUMENT WITH NIERS �� Form 3428 11�1 Y VMP Q VMPfiA�NE)�13Q2)AU WaEters Kluwer Financial Services Page 5 of 17 q�33214352�9 ��33 514 �517