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��14�54�7 7. App�ica�tion of P�yments ar Pr,vG�dS. Except as a�herwis�des�rihed in this Sect�on 2, all paymeuts a��epted and applied by Lender shall�e applied in the folivwing order of priori�y: �a�interest due under the �ote; tb}principal due under the Note; �c3 amaunts due under Secti�n 3. Such payments shall be applied to e.�ch Periadic Payment in the order in which it hecame due. Any remaining amount�shall be applie.ci fu�st to late charges, second to any other amounts due under this Se�urity Instru�rnent, and�hen tv reduce the pri.ncipal balan�e of the Note. If Lender recei�es a payment fx,am Borrawer for a delinquent Periadic Payment which includes a sufficient amnunt to pay any late�harge due,the payment may be applied tv the delinquent paym�n�and the late �harge. If mvre than one Periodic Payment is�u�stan.ding, Lender may app�y any payment received frorn B�rrower to the repayment of the P�riodic Payments if, ar�d to the extent thata each payment can be paid in fu11. To the extent tha�any ex�ess exists after the payment i.s applied ta the full payment of one�r rnare Period.ic Paym�nts, su�h excess may be applied to any late charges due. Voluntary prepayments shall be applied first to a,ny prepayment charges and then as described�n the Note. Any appli�ation of payments,insurance proceeds, or Miscella,n.eous Pro�eeds to principal due under the l�ote sha�l not extend or p�stpane the due date,or change the amount,of the�'eriodic Payments. 3. Funds for E�crow Items.Borrawer shall pay to Lender on the day Periodic Paymen�ts are due under the Note, until the I�Tvte is paid in full.,a sum�the"Fu�n�ds"}to provide for payment af am�unts due for: �a}taxes and assessrnen�s and other items which can at�ain priority ov�r this Security Instrument as a iien or �n�umbran�e on the�'rap�rty; �b)Ieasehvld payments or ground rents on the Property,if any; �c}prerniums fvr any and all insuran�e required by Lender under Section 5;and td�Mortgage Insurance premiurns,if any, or any sums payable by B�rraw�r to I.�nder in lieu of th�payment of Mortgag�Insuran�e premiums in ac�ordance with the provisions of Sec�.on I�.T�ese items are called "Escrow�tems."At origina�i�n or at any time during the term of th�Loan, Lender may require�hat�ommu�.ity Association I]ues,Fees,and Assessments,if any,be escrowed by Borrvwer, and su�h du�s,fees and assessments shall�e an Escrow Item. Barrawer shall promptly fur�ush to Lender all notices of amau�.ts to be paid under this S��tivn. Borrower shall pay Lender the Funds for Es�row Items unless Lender waives Barrower's vbligation to pay the Funds for any or all Es�row Items. Lender may wa.i�e Borrvwer's olaligati.on to pay to Lender Funds f�r an.y or all Escrow Items at any time. Any such wai�er may on�y be in writa.ng.I.0 the e�ent of such waiver, $arrower shall pay dire.�tly, when a,n.d where payable,the amoun.ts due for any Escrow Items for which payrnent of Funds has been wai.ved by Lender ap.d, if L�nder requir�s, shall fumish to Lend�r receipts e�idencing such payment within.such time periad as Lender rnay require. Borrvwer's o�liga�ion ta rnak� such payrnents and to provide rece�p�s sha11 for all puxposes be deemed tv�e a�a�enant and agreernent contained in rhis S�urity Iustrwment,as th�phrase"covena,nt and agreement"is used in Se�tian 9.If Borrower is obli�ated to pay Es�raw��erns directly,pursuant to a waiver, and Borrower fai�s tv pay the am�unt due for an Escrow It�m, Lender may exercise its rights under Sectian 9 and pay su�h amouut and d Barrvwer shall then be obligated under Se�tion 9 tn repay ta Lender any such amount. Lender may revok� the waiver as to any or all Escmw Items at any time by a notice given in a�cordance with Section 15 and, upon such revo�a�ian,Borrawer sha11 pay t�Lender all Funds,and iu such amvun.ts,that are then re�quired under this Se�tion 3. Lender may,at any tim�,�lle�t and hoid Fun�s in an arnaunt ta�sufficient ta permit Lend�r to apply the Funds at the t.ime specified under RESPA, and �b}nat tv exceed the maxirnum amouut a xender can require under RESPA. Lender shall�s�imate the amount of Funds due on th��basis�f current data and reas�nable estimates of expenditures of future Escrow Items�r otherwise iu a�cardance with Appli�able Law. 12154656fl 008�1315�2 NEBRASKA-Singl�Fami�y-�annie MaelFreddie Mae LINIFORM lNSTRUMENT WITH MERS Form 3Q28 i10� VMP� VMP6A(NE]�13d2j.40 Waltars Kl�wer Fina�c�al S�rvices Page 5 of 1T � �. � �, r a� � ` � � �