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��14�3�31 2. App��ca��anof Payme�ts or Pro��eds.Except as otherwise described�n this S�ction�, a��pa�ymen�s accepted and applied by Lender sha�l be applied in the f�llowing order of pr�ority: [a�interest due under the Nate; �b}principal due under the Note; �c}amounts d�e un�er Se�t�on 3. Su�h paym�nts s�.all be applied to each Per��dic Paym�nt ia the order in which it beca�e due.Ax�y remair�ing amounts sha11 be applied first to �ate charges, second to any other amounts due under this Security Instrument�and then to re�uce the princ�pal balance of the Note. If Lender recei�es a payrn�nt from Borrotiver for a deliaquent Per�odic Payment wh�Gh includes a�uff cient amount to pay any late charge due,the payment may be applied t�the delinquent payment anc�the late charge. If mvre than one Periodic Payment is outstanding,Lender may apply any payment received firam Borrawer to the repayment of the Periodic Payments if,and tv the extent th�t, each payment can be paid in fu11. To the extent that any excess exists af�er the pa�ment is applied�o the fu11 payment of one or more Periodic Payrnents, such excess may be appl�ed ta any late charges due.Voluntary prepayments shall be app�ied first to an�prepayment charges and then.as described in the Note. Any applicatioa of payments, insurance proceeds,or Miscellaneous Proceeds tfl principal due under the Note s�ha11 not extend�r postpone the�lue date,or change the amnunt,of the P�rrodic Fayments. 3. F u n dsfv r Escrow Items.Borrower sha11 pay to Lender on�he da�Per�adic Payrnents aet�e due und�r the Note,until the Note is paid�n fu11,a sum(the'�Funds"3 to pro�ide for payment of amoun.ts du�for: (a�taxes aad assessments and other iterns wh��h can attain�r�ority over this Security I�strument as a Iien or encumbrance on the Property; (b}�easehold payments or ground rents on the Propert�, if any; (c}premium.� for any and all insurance�'equired b�Lender��.[�er S��tion�;and(c��Mortgage Ins�an�e premiums,if any, ar any sums payable by Borrower to Lender�n lieu of the payment of Mor�gage Insurance premiums in accordance with the provis�ons of Sectian 1�.Th��e items ar��alled{'Escra�v Item.s."At�rigination�r at any time during the term af the L�an,Lender may requ�re that Communxty Association I]u�s,Fees,and Assessments, if any,be escrowed by Borro�ver,and such du�s, fees and asse�sments sha11 be an Escrow Item. B�rrower shall pr�mpt�y furnish to Lender a�l notices of amounts to be paid und�r this Section. Borrower sha�l pay Lender the Funds for Escr�w Items unless Lender waives Borrower's vb�igation to pay the Fuad�for any ar all Escrow Items.Lender may waive Borrower's obligat�on ta pay ta Lender Fuads for any or aIl Escrow Items at any time.�ny such�vaiver ma�on�y be in writ�ng. In the event of such waiver, Borrower sha�l pay�irectly,when and where payab�e,the amounts due for any Escrvw I�ems for which payment of Funds has been�aived by Lender and,if Lender requires, sha11 fura�sh to Lender receipts eviden�ing such paym�nt�ithin such time period as Lender may require. Borrower's o��igatian to make such pa�ments and to provide rece�pts sha�l for a11 purposes be de�med to be a ca�en.ant and agreement cvnta�necl in this S�curity I�strument,as the phrase"covena�t and agreem�nt" is used in Section 9.If Borrower is ob�igated to pay Escrotiv Items directty,pursuan�to a�rai�er,and Borrawer fails to pay the amount due for a�Esc�ov�It�m,L.ender m�y exercise its rights under Section�and pay such amount and Borrower shall then be ob�igated under Section 9 ta re�a��to Lender any such amount. Lender may re�rake t�he v�raiv�r as to any or aIl Escraw items at any time�by a noti�e given in accordance�rit�h Section 15 and, upan such revocation,Borro�er shall pay to Lender a11 Funds,anc�in such amounts,that are then required under this�ec�ion 3. Le�der ma�,at any tim�,�ol�ect and hald Fund�in a�am�u�t�a�sufficient to permit Lend�r�o appl�the Funds at the t�me specif ed under RE�PA,and��)not to exceed the maximurn am�unt a lender can require unde�R.�S�'A.Lender shall esti�ate th�arr�ount of Fttnds du�on the basis of current data and reasonable estimat�s�f expenditures of future Escrow Items or otherwise in accordance w�th Applicable Law. NEBRASKASingle Family-Far�nie MaefF�eddie Mac UNfF�RM INSTR�MENT WITH MERS � � �r Fvrm 3�28 114� V�p� V'MPBAtNE}t13fl2}.fl4 1Natters Kluwer Financial 5ervices Page�af 17 qU332651$845 4z33 22� 0517