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��14�5�59 2. Applicationof Payments or Prviceeds.Except as otherwise described�n this�ectian�, a11 payments accepted and applied by Lend�r shall be applied in th�followir�g�rd�r of priarity: (a�interest due under the Not�; (b)princ�pal due under the Note; �c}amounts due under Section 3. Such payments sha11 be app�ied to each Periodic Paym�nt in th�order in which it became due. Any remaining amounts shal�be applied f�rst�o late charges,secand t4 any oth�r amot�nts due under this Securit�Instrument,and then tQ reduce�h� principal balance of the Note. If Lend�r receives a payment from B�rrower for a delinquen�I�eriodic Payment which includes a sufficien� amaunt to pay any late charge due,the payment may be appl�ed�a the delinquen�payment and the late charge. If mare than one Periodic Payment is outst�nding,Lender may apply any gayment recei�ed from Borrower t�the repayment af the Peric�d��Pay�nents if,and t�the extent that,each pa�men.t can be paid in ful�. To the extent that any excess exists a#�er the p�yment is applied to the full payment of one or more Periodic Paymen�s,such e�ce�s may be applied to any late char�es due.Volunta.ry prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments,insurance pro�eeds,or Miscellaneous Proceeds to principal due under the Note sha11 nat�xtend vr pastpone the due date,or change the amount,of the Periodic Payments. 3. Fundsfor EsGrow Items.Borrower shal�pay to Lender on the day Period�c Payments are due under the Note,unti�the Note is paid in fu��,a sum(the "Funds"}to provide for payment of amounts due for: (a}taxes and assessments and ather items whi�h can attain pri�rity aver th�s Security Instrum�nt as a lien ar encumbrance on�he Property;(b}leasehold paymen�s or ground rents on the Property, if any; (c}premiums for any and all insurance requued by Lender under Section 5�and(d)M�r�ga�e Insuranc�premiums,if any, or any sums paya�le by Barrower tv Lender in lieu of the payment af Martgage Insurance premiums in accardance with the provisians�f Section 1 a. These it�ms are cal�ed"Escrow Items."At origination or at any time duriag th�term of the Loan,Lender may require that Community Assac�ation I3ues,�ees,and Assessments,if any,be escro�ved by Borrower,and such due�, fees and assessments shall be an Escrow Item. Borrower sha�l promptly furnish to Lender all n�tices af amounts to be paid under this Section. Bono�er shall pay Lend�r the Funds for Escro�Items unless Lend�r waives Bonawer's�k�ligation ta p�y the Funds for any�r a11 Escrow Items. Lender may waive Borrawer's obligatio�n ta pay to Lender Fund�for any or a11 Escrow Items at any time.An��uch wax�er ma�on�y be in writing. In the event of such waiver, Borrower sh��pay direct�y,tivhen and��.ere payable,the amounts due for any Es�row Items for which payment of Funds has been.waived by Lender and, if Lender requires, sha11 furnish to Lender receipts evidencing such payn�ent within such time p�riod as Lender may requi.r�. �orro�ver's obligation to make suc�payments and ta pravide receipts sha��for aII purposes be deem�d t�be a eavenant and agr�emer�t con�a.ined in this Security Instrument,as the phrase "covenan�and agreement" is used in Sect�on�. If Borrower�s obligat�d to pa�Escrow Items direct�y,pur�uant to a wai�er,and Borrower fa�ls to pay the amaunt due for an Escrow Item,Lender may exercise its rights under Sectian 9 and pay such a�mount and Borrav�er shall then be obligated under Section�to repay ta Lender any such amaunt.Lender may revoke the waiver as to any or a11�scrow Items at any time by a not�ce given in accardance�vith Sect�on 1 S and, ugon such re�ocatian,Sorrower shal�pay ta Lender all Funds,and in such amounts,tha�are then required under th�s Section 3. Lender may,at any time,co�lect and hold Funds in an amount(a}suff'�cien�to permit Lender ta aggly the Funds at the time sg�cifie�under RESPA,and(b)not to exceed the maximum amount a��nder can require under RESPA. Lender sha11 estimate the amaunt of Funds due on the basi�of current data and�easonable estimates of�xpenditures of future E�crow It�ms or otherwise in accordance wrth Applicable Law. NEBRASKA�ingle Family-Fanni�MaelFreddie Mac UNIFQRM INSTRUM�NT VII�TH MERS Form 3428 1Ifl1 VMP @�l VA�IPBAtNE)[1302}.40 Wotters!(Ewver Financi�l Services Page 5 of 17 qD333�811749 �233 32� 4 17