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, , � , ��14�3511 �. App�i�ation�f Payments or Proceeds.Except as othe�wise describe�in this Section�, alI payments aceepted and app�ied by Lender sha11 be applied in the fol�owing or�er of priority: �a}interest due under the Note; �}principa�due under the No�e; �c}amounts due under Section 3. Such payments sha11 be app�i�d tn each Periodic Payment in the arder in wh�ch it became due. Any remairung amounts shail be app�ied first to �ate charges, second to any ather amounts due under this Security Instrument, and then��reduce the prin�ipal ba�ance of the Nate. If Lender recei�es a payment fram Bvrrovver for a de�inquent Periodic Payment which inclu�.es a sufficien� amvunt to pay any late charge due, the payment xnay be applied to the�elinquent payment and the late charge. If more than one Periodic Payment is outstanding,Lender may app�y any payment recei�ed fram Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To�h�extent that any excess ex�sts after the payment is appXied to the ful�payment of one�r more Periodic Payments, such excess may be applied ta any late Gharges due. V�luntary prepayments shall be applied first to any prepaymen��harg�s and then as described in the Note. Any applicati�n of payments, insura.nce proceeds, or Miscellaneous Proceeds to principal due under the No�e shall not extend or postpone the due date, or change the amount,of the Periodic Payments. 3. Fundsfor Escrov�items.Borro�ver sha11 pay to Lender on the day Perioclic Payments are due under the Note,until the No�e is pa�d in fu11,a sum(the "Funds"}�o pr�vide for payment�f amnunts due for: �a}taxes and assessments and vther i��ms which can attain pri�rity over this Securi�y Instrumen�as a lien or encumbrance on the Prvperty; tb} leasehol�.paym�nts or ground rents on the Property, if any; ��}prem�ums for any and all insurance required by Lender under Section 5;and�d}Mortgage Insurance premiums, if any, or any sums payable�y Borrower tv Lender�n lieu�f the payment of Mvrtgage Insuran�e premiums in accordance vvi�h the pravisions vf Seetion 1�. These items are ca�le�i"Escrow�tems." At origination�r at any time during the term�f the Loan, Lender may requ�re tha.t Gommunity Association Dues,Fees, and Assessments, if any,be escr+awed by BQrrower, and such dues,fees and assessments sha11 be an Escrow I�em. Bvrrower sha11 pr�mpt�y furnish to Lende�r a11 notices of amoun�s�o be paid under this Sect�on. Borrower sha11 pay Lender the Funds far Escr�w It�ms unless Lender wai�es Barrow�r's nbligation�o pay the Funds fvr any or all Escrow I�ems. Len�er may �aive Borrower's obiigation to pay to Lender Funds for an� vr all Escrow Items at any time. An� such wa.i�er rnay only be in writing. Yn the e�ent of such waiver, Borrower shall pay direet�y, when and where payable,the amounts�ue for any Escrow Items far which paymen�vf Funds ha.s been wai�ed by Lender and, if Lender re�uires, shall furnish to Lender receipts evidencing such payment w�thin such time periad as Lender may require. Borrvwer's obligation t� make su�h payments and to pro�ide rece�pts sha11 for ai��urpases be deemed to be a covenant and agreement con�ained in this Security Instrument, as�he phrase "covenant and agreement" is used�n Section 9. If Borrower�s vbligated tv pay Escrvw�tems directly,pursuant to a wai�er, and Borrower fails to pay the amount due f�r an Escrow Item,Lender may ex�rcise its rights urider Section�and pay such amourrt and Borrower sha�l then b�obligated under Sectivn 9 ta repay to Lender any such amvunt. Lender may ne�vke the waiver as to any �r a11 Escrow Items at any time by a notice given in accorda.nce with Secti�n 15 and, upvn such revoca�ion,Borr�wer shall pay to Lender a1l Funds, and in such amounts,that are th�n requ�red under this Sect�on 3. Lender may, at any�ime, ca��ect and hold Funds in an amount�a} sufficient to permit Lender to apply the Funds at th��ime specified under RESPA,and(b}no�to exceed the maximum amou.nt a lender can require under RE�PA. Lender shall es�imate the amaunt of Funds due on th�basis of cun�nt data and reasonable est�mates�f expendi�ures of future Escrow Items or othe�ise in accordance with Applicable Law. f QfiANE DO�fi28968588 May 29,20'!4 09:1 Bam NEBRASKA-Single Family-Fannie MaelFreddie Mac L1NIF�RM lNSTR�MENT 1MTH MERS Form 3a28 1101 Woite�Kluwer Finar�ciai Services VMPBA(NE}g1302].OU Pa e 5 vf 1l