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��14��4 �. Appli�atianof Payments or�Prflceeds.Except as otherwise described xn this Sectinn�, all p�.yments accepted and app�ied by Le�der s�a�l be app�ied in�he fallo�vvin�order of priarity: (a}interest due under�he Note; (b}pr�r�c�pa1 due under th�Note; �c}amaunts due under Se�tion�. Such payments shall be applxed to eac�Period�c Payment in the order in�vhich it became due. Any remaining amounts sha��be app��ed first to late charges, seconc�to any other amounts due under this Se�urity Ir�strume��,and t�en to reduce�he principal balance of the Note. If Lender recei��s a payment from Borrower for a delinquent Periodic Payment which includes a suffici�n� amount to pay any late charge due,the paymen�may be app��ed ta the de�inquent payment anc�the late charge. ��'m�re thar�one P�riodic Payment i�outstanding,Lender may apply any payment r�c�ived fr�m Borrower to the repaymen�af the Per�od�c Paym�r��s if,and to th�extent that,ea�h payn�e�t can be paid in fu�l. To t�e exten�that an�excess exists af�er the payment is app�ied to the ful�paymen�of one or more Per�odxc Payments, such excess may be applied�a any late�harges due.�oiuntary prepaymen�s shall be applied frst to any prepayment charges and th�n a�described in the No��. Any application of payment�, insurance praceeds,or Misce�ianeous Proceeds ta principal due under the Note shall not ex�end or postp�ne the due date,or change the am�unt,af the Periodic Paym�nts. 3. Fundsfor Escro�n►l�ems. Borrower shall pay t�Lender t�n the day Period��Payments are due under the No�e,unti��he N�te is pa�d in ful�, a sum�t�ie "Funds"}ta provide for payment of amounts due for; �a}taxes and assessmen�s and other items which�ara.attain priorit�over this Security��s�rument as a 1i�n ar encumbra�.ce an the Property; �b} leasehold payments ar ground rents on th�Property, if any;�c}prem�ums for ariy and ali insurance requ�r�d by Lender under Section 5; and(d}Mortgage Insurance premiums, �f any, or any sums payable by Borrov�rer ta Lender in lieu of the payment af Mortgage Insurance prenniurns in accordan�e with the pr��isions of Sectiori I�. These items are cal��d"Escrow�t�ms."A�originat�an or at any t�me during the term of th�Loan,Lender may reQuire that�ornrnunity Assacia�ion Dues,Fees,and Assessm�nts, if any,�be es�rowed by Borro�ver,and such dues, fees and assessments shall be an Escro�v Item. Borrower shall promptly furnish to Lender al�notices�f amour�ts to be paid under this Section. $arr�wer�hall gay L�nder the Funds�for�scra�v Items unless Le�de��vai�es Borrow�r's obli��.t�on to pa�r the Funds for any or al�Escro�v Items, Lender ma�r�vaive�orrower's obligation to pay to Lender Funds for any or aIl E�cro�v�tems at an�time. Any such waiwer may o�1y�ae in writing. In the e�ent�f such wa�ver, �onower shall pay direc�l�,when and where payable,the amounts due far any Escrow Items f�or which payment of Funds has been wai�ed by Lender and, if Lender requYres, sha11 furnis�to Lender receip�s ev�denc�.ng such payme�t within su�h t�me period as Lender may require. Bo�xow�r's ob�igatian t�make such payme�nts and�a pravide receipts shall for a�l purposes be deemed to be a co�enan�and agreemen� contained in this Secur�ty�nstrument,as the phrase "ca�enant and agreement" is use�i�S�ction 9. If Borrower is ob�igated to pay Escrow Items direc�ly,pursuant to a waiver, and$orrower fails to pay the amount du�for an Escravv Item,Lender may e��rcise its r�ghts under Se��ion 9 and pay such amount and Borro�rer shall then be obligated under Section 9 to repay to Le�ader any such amount. Lender may re�oke the wai�er as to an�ar al�Escro�Items at any time by a notice g�ven in acco�'dance�vith Section �5 andy upon such rev�ca�ion,B�rrawer shall pa�to Lender a��Funds,and in such amounts,that are�hen required under�his Sec�ion 3. Lender may, at any time,co��ct and hold Funds in an�.mount�a)suff�c�ent to perm�t Lend�r�o apply the Funds at the time sp�ci�ed under RESPA,and�b�nat to exceed the maximum an��unt a lender can requir� under RESPA. L,end�r sha�l estimate t�ae amount of Funds du�on the basis of current data and reasonable estimates of expenditures of future Escr��Ite�rns�r�therwise in accordance�v�th Applicab�e La�. �JEBRASKA�in le Famif -Fannie MaelFreddie Mac L1NIF�RhII IIVSTRLJMENT WITH MERS �� Form 3028 1149 9 Y VMP�y VMP6A{NE}(13�2}.� �Vol#eEs K�uwer Financial Services Page 5 of 1?' c#�33294537g5 0�33 555 �517