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��14�57SS Z. ►4ppli�ationof Payments ar Proceeds.Except as other�ise described in this Sectian 2, a11 payments accepted and a�ap�ied by Lender shal�be appli�d in the fo�lowing arder of priority: �a}interest due under the Note; (b�principal due under the Note; �c}amoun��due under Section 3. Such payments sha��l�e applied to each Period�c Payment in the order in which it became due. An�r remaining amaunts shall be applied first to �ate�harges,second�o any vth��amo�n.ts due under th�s�ecur�ty Instrument,an�then to reduce the principal balance of the Note. �f Lender receives a payrnent firom Borrower for a d�linquent Periodic Payment which includes a�ufficient amount to pa�an�late charge due,�he payment may be app�ied to�he delinquent pa�ment and the la�e charge. If more thaa one Periodic Payment is outstanding,Lender may apply any payment received fram Borrovver to the repayment of the Periodic Pa�mentS if,and to the extent that,each paym�nt can be paid in ful�.To the ext�nt that any excess exists after the payment is applied t�the fu11 paymen�of one or mare Periodic Payments�such excess may be applie�i to any 1a�e charges due.Voluntary pr�ayments sha11 be applied fu�st to any prepayment charges and then as described in the No�e. Any application of payments, insurance proceeds,or Misc�llaneous Proceeds to princ�pal due under the Note shal�not e�tend or pastpone the due date,or change the amoun�,of the Periadic Payments. 3, Fundsfor Eserow�tems.Borrower sha��pay to Lend�r on th�day Perivdic Paym�nts are due under the Nate,uatil�he N�t��s paid in full,a sum(the"Funds")to pravide for pa�ment of amaunts due for: �a}taxes and assessments and other items which can a.ttain priority over this Security Instrument as a li�n or encumbrance on the Property;�b)�easehold payments ar ground rents on the I'roperty, if any; (c}premiums far any and a11 insurance required by Lender under Sectian S;and(d}Mortgage Insurance premiums, �f any, or any�ums payable by Borr�wer to Lender in�ieu of the payment af Mor�gage Insurance pr�miums in accordance with the pro�isions of�ection 1 a.These�terns are called"Escrow Items."At arig�aatian ar at any time during the term of the Loan,Lender may require that�ommunity Associativn I?ues,Fees,and Assessments,�f any,be escrowed by Bortower,and such dues, fees and assessments sha11 be an Esero�v Item. Bonower sha��promptly furnish to Lender all not�ce�of amounts to be paid under this Sec�ion. Barrawer shall pay Lender the Funds for Es�row Items unless Lend�r waives�3arrow�r's obliga�tion to pay �he Funds for any�r al�Escrow Items. Lender may�vaive�orrower's ob�igati�n to pay to Lender Funds for any or al�Es�row It�ms at any time.Any suGh wa�ver may only be in writing. In the e�ent of such wai�er, B�rrawer sha�l pay directly,�rhen and where payable,the amounts due for any Escrow Items for which payment of Funds has been wai�ed�y Lender and, if Lender requues, sha11 furnish to Lender receipts evidencin�such payment within such time period as Lender may require. Borro�er's o�aligation to ma�e such pa�ents a�.�to provide rec��pts�ha�1 foF a��purposes be deemed�o b�a covenant and agr�eement contained in this S�curity Instrument,as the phrase"covenant and agr�ement" is used in SectiQn 9, If F3orrower is obligated to pay Escrow Items directly,pursuant to a�vaiver,and Borrower fails to pay the amount due for an Escrow Item,Lender may exercise its rights under Section 9 and pay such amount and Borrawer shal��hen be obliga�ed under Section 9 to repay to Lender any such amaunt. Lender ma�revoke the waiver as to any vr a11 Escrow Items at any time by a notice given�n accardan�e�vith Section �S and, upon such revocatian,F3orra��r sha�I pa}�ta Lend�r aI1 Funds,and xn such amounts,that are then required under this Section 3. L�ader may,�t any time,collect and hold F�nds in�.n amaunt(a]sufficient to permit L�nder to apply the Funds at the time specified under RESPA,and(b)not to exceed�th�maximum amount a lender can requ�re under RESPA.Lender sha11 estimate�he amount of Funds due on the basis of current data and r�asonable estimates of expendYtures��e�scf�w Items or othe�-�vYse Yn accofdance�v�t�App��cab�e La�r. IVEBRASKA�ingfe Fami�y-Fannie MaelFr+eddie Mac EJNIFORM INSTRUMENT 1NITH MERS �� FoRn 34281/41 VMP� VMPfiA(NE�4'�3�2}.(}4 Walters Kluwer Financial Seniices Page 5 a�17 q�333U448393 �Z33 2l2 �517