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��14�5977 Z. Appl�cationof Payments or Praceeds.Ex�ept as otheru�ise described in this Se�tion 2, all paymen�s accepted and applied by Lender sha��be applied in the fo�lowing order of priarity: �a�xnterest due under the Note; (b}pr�ncipal due�nder the N�te; (c}amounts due under Section 3. Such payments shall be app�ied to each Perradic Payment in the order in�vhich it b�came due.Any remaining amaunts sha1�be applied first ta late charges,secand t�an�flther amounts due under this Security�nstrument,and then to reduce the principal balance�f the Note. If Lender receives a payment from Borrovver for a delinqu�nt Periodic Payment which includes a sufficient amount to pay any late charge�ue,�h�payment may be applied ta the delinquent payment and the late charge. If more than ane Periodic Payment�s outstanding,Lender may apply any payment received fram Borrower to the repayment of the Periodic Payment�if,and to the extent that, each payment can be paid in full. To the extent tha�any excess exists after the payment is applied to the fu��payment of one or mare Feriodic Payments, su�h excess may be applied t�any late charges due.Vo�untary prepayments shall be applied first to any prepa�ment charges and then as described in the No�e. Any app�ic�tion of payments, insuranc�proceeds,ar M�scellaneous Proceeds to principal due under th�Note sha11 not extend�r postpone�he due date,ar change the amoun�,of the Periodic Paymen�s. 3. Fundsfor Esc�vw Item�.B�rrower shall pay to Lender on the day Periadic Paymen�s are du�under th� No�e,unt��the Note is paid in fu11,a�um�the "Funds"}to pra�ide for payment of amounts�lue fflr: (a}taxes and assessmen�s and other items�hich can attain priority over this Security Instrument as a lien or encumbrance on the Froperty; �b��easehold payments ar ground rents on the�'roperty, if any; (c}prem�ums for any and a��insurance requir�d b�Lender under Section 5; and�d}Mortgage Insurar�ce premiums, if any, or any sums pa�rable by�arrower tfl Lender in lieu of the pa�ment of Mortgage�nsurance premiums in accordance with the pra�isions of Sect�on ��. These it�ms are ca��ed "Escrotiv Items,"At orig�natian or at any time during the term of the Loan,Lender may re�uire that Cornmunity Assaciat�on Dues,Fees,and Assessments, if any,be escrovved by F3orrower,and such dues, fees and assessments sha11 be an Escro�v Item. Borrower shall prornptly furnish t�Lender al�no�ices af amaur�ts t�b�paid under this Section. Borrawer shall pay Lender the Funds for Escrovv Items unless I�ender waives Borrovver's ob�igat�on to pay the Funds for any or al�Escrow Items. Lender may waive Borrower's obligat�on to pay to Lender Funds for any or a11 Escrow Items at any time.Any su�h wai�er may only be in writing. In the event of such wai�er, Borrower sha11 pay directly,when and where payabl�,the amounts due for any Escrow Items for vvhich payment of Funds has been waived by Lender and, if Lender requires, shall furnish�o Lender receipts e�idencin�such payment withi�such t�me p�riod as Lender may require. Borro�uer`s abligation to make su�h paymen�s and to pro�ide receipts shall for a�l purp�ses b�deemed to be a cavenant and agreement Gonta.ined in this Security Instrumertt,as the phrase "cavenant and agreement" is used in Section 9. If BorravErer is obliga�ed ta pay Escrow Items d�rectly,pursuant to a�raiver,and Borrower fails to pay�he amount due for an Escrow Item, Lender may exerc�se its rights under Sec��on 9 and pay such amount and Borrower shall then be o�ligated under Section 9 to repay to Lender any such amount. Lender may re�oke the waiver as to any or all Escraw Item�at any time by a notice given in accordance with 5ect�on 15 and, upon su�h revocatian,Borrower sha1�pay to Lender all Funds, and in such amounts,that are th�n required under this Section 3. Lender may,at any time,�ollec�and hold Funds iri an amaunt(a)suffici�nt to permit Lender to apply�he Funds at the tim�specifed under RESPA,and�b}nat to exceed the maximum amount a lender Gan require under RESPA. Lender sha11 estimate the amount of Funds due�n the basis of current data.and reasonable es�imates of expenditures�f future Escro�Items c�r otherwise in aceordance with Applicable Law, NEBRASKA�in ie Famil -Fannie MaelFr9eddie Mac UNfF�RAII INSTRLIMENT WITH MERS �� Form 3028"i107 9 Y VMP C�7 VMPfiA(NE}[1342}.q0 Wnfter�Kluwer Financial Services Page 5 of 17 q03334439725 ��33 2�5 �517