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��14��5 2. Applicationvf Payments or Praceeds.Except as�therwise described in this Sec�ion�, all payments accept�d and app��e�by Lender shall b�applied in the follo�ing order of prior�ty: (a)interest due under the � N�te; (b)principal due under the Note;�c}amounts due under Sect�aa 3. Such payments sha1�be applied to each Periadic Payment in the order in which it became due.An�remainin�amaunts sha11 be appl�ed f�rst ta �at�charges,secflad to any other amaunts due under this 5ecurit�r Instrum�nt,and then to reduce the principal balance af the Note. If Lender re��i�es a payment from Borrower for a de��nquent Periodic Payment which includes a sufficient amaua�ta pay an�late charge due,the paym�nt may b�app��ed ta the de��nquent payment and the late charge.If more than one Periodic Payment i�outstanding,L,eader may apply a�.y payment received fram Borrower to the repayment af the Periad�c Payments if,and ta the e�tent that,each payment can be paid in fi�l�,'To the extent that any exces�exist�a�er the payment is applied to the fu.l�payment of ane or mare Periodic Payments, such excess may be applied to�ny�a�e charges due."�oluntary prepayments shall be applied fi.rst to any prepayment charges and then as described�n the Note. Any app�ication of payments,insuranc�proceeds,or Misce�laneous Proceeds t�pri�ncipal due under the Note sha11 not extend or postpone the due date,or change the amount,of the Periadic Payrnents. 3. Fundsfor Escrow Items.B�rrower sha11 pay to Lender on the day P�riodic Payments are due under the Note,until the Nate is paid in fu�l,a sum(the"Funds"}to provide far paymen�of amoun�due for: (a)tax�s and ass�ssments and other items which can attain priority over th�s�ecuri�y Instrument as a lien or encumbranc��n the Property; (b)leasehold pa�ments or ground rents on the Property, if any; �c}premiums fvr any and a�l insurance required by Lend�r under Section 5;and�d)Mortgage Insuranc�premiums,if any, �r any sums payahle by�orrower to Lender in lieu of the paymen�of Mortgage In��uranee prem�ums�n acc�rdance with the provisian�of Section 1�. These items are called"Escrow Items."At�r�gination or at an}r time during the term af th�Loan�Lender may r�quire that Community Assoc�ation Dues,Fees,and As�essments, if any,be escrowed by Borrower,and such dues, fees and as�essments sha�1 be an Escravv Item.�onower shall promptly furnish to Lender all notices af amounts to be paid un�ler this Section. Borrower shall pay Lend�r the Funds for Escrow Items unless Lender wai�es Borrower's ab��gation to pay the Funds for any or all Escrow Items. Lender may wa�ve Borrower's ob�igation to pay to Lender Funds for any or a11 Escrotiv Items at any time,Any such waiver may�n1y be in wr�ting. In the ev�nt of s�ch waiver, Borrow�r sha11 pay directly,�vhen and where pa�ab�e4 the amounts due for any Escrow It�ms for which payment�f Fund�has been�t�vaived by L.ender and, if Lend�r r�quir�s,sha11 furnish to Lender receipts e�idencing such payment�v�thin such t�me period as Lender may require. B�rrower's obligation to mak� such payments and t�provide receipts sha�l far al�purposes be deemed to be a covenant and agreement Gantained in this Security Instrum�nt,as the phrase"covenant and agreemen�"is us�d in Section 9. If Borrawer is obligated to pay Escro�Items d�.rectly,pursuant to a waiver,and Borrower fails to pay the amount due far an Es�ro�Item,Lender may exercise its rights under Section�and pay such amount and Bonawer sha11 then be obligated under�ection�to repay to Lender any such amount, L�nder may revoke the waiver as t�any or all�scro�v Items at any time b�a notice given in acGordance w�th Section 15 and, upon such r�vocation,Borrovver shall pay to Lender a�l Funds,and in such amounts,that are then required under this Section 3. Lender may,at any time,collect and hold Funds in.an amount�a}suf`f"�cient to permit Lender to apply the Funds at the t�me specified under RESPA,and[b}nQt t�exceed the maximurn amount a tender can require under RESPA.Lender shall estimate the amaunt af Funds due on the basis of current data and r�as�nable estimat�s of expenditures of future Escrow It�ms or o�herwise in accordance with Applicable Law. NEBRASKA�in �e Fami -Far�r�ie MaelFr+eddie Ma�UhIiFORM INSTRUMENT WITH MER �� g ky 5 Farm 34281i41 VMP� VMPBA(NE)ti 342}.04 Wolters K.luwer Fi�a�ciaf 5ervices Page 5 of 17 q43334898537 (�233 278 (�51�