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��14��374 Z. Appli�at�anof Payments ar Proceeds.Except as other�wise described in this Section 2, a1�payments accepted and app�ied by Lender shall be applied in the foll�wing arder of priority: (a}interest due under the Note; (b�principal due under the Note; (��amounts�iue under Section 3. Such payments sha11 Ue applied to ea�h Periodic Payment in the order�n which it became due.Any r�maining amo�nts sha11 be appl�ed first to Iate�harge�,s�cond to any other amaunts due under this Security Instrument,and then to reduce the principal balan�e of the Note. If Lender recei�es a payment fram Borrow�r for a delinquent periodic Payment which includes a sufficient . arnount to pay any�ate charge due,the payment may be applied to the delinquent payment and the Iate char�e, If more than one Periodic Payment is autstanding,Lender may apply any payment rece�ved fram Borrower ta the repaymen�of the Periodic Payments if,and to the extent that,each payment can be paid in fu11. To the extent that any excess exists after the payment is applied to the fu11 payment of one or more Periadic Payments3 such exc�ss may be applied to any�a�e charges due.�o�un�a.ry prepayments sha11 be �ppl�ed first tv any prepaymen�charges and then as described in the Note. Any application of payments,insurance pr�ceeds,or Mis�ellaneaus Proceeds to pr�ncipal due un�der�h�Note sha11 not extend or postpoae the due date,or change�he amount,of the Periodic Paymen�s. 3. Fundsfflr Escro�►ltems.B�rrawer sha11 pay to Lender on the day Periodic Payments are due under the 1Vote,until the Note is paid in fu11,a sum�the "Funds")�o provide for payment of amounts due for: (a}taxes and assessment�and other items which can attain prio�ity�ver this Security Instrum�nt as a��en or encumbrance an the Property; (b)l�asehvld payments vr ground rents on th�Praperty, if any;(c}premiums for any aad a11 insurance required by Lender under Section 5;and(d}Mortgage Insurance premxums,if any, or any sums payable by Borrov�er to Len.der in�ieu af the payment of�Vlor�gage Insuran�ce premiums in accordanGe with the provisi�ns of Section i 4. These items are called"�scrow Items."At origination or at an�time during the term af the Loany Lender may requixe that�ommunity A�sociatian.Dues,Fees,and As�essments, if any,be escrowed by Bonawer,and such dues, fees and assessments sha11 be an Escrow Item. Borro�er sha11 promptly furnish to Lender a11 n4tices of amounts to be paid under this S�ction. Borrower s�all pay Lender the Fun�ls for Escrow Items unless Lender�vai�es Borrower's abligati�n to pay the Funds for any ar a11 Escra�v Items, Lender may waive Borrvwer's�bligation to pay ta Lender Funds for any or all Escrow Items at a�y time.Any such wai�er may only b�in writing.In the event of such waiver, Borrowe�-�hall pay directly,�vhen and tivhere payabl�,th�amaunts due far an�Es�row Items for�vh�ch pa�ment of Funds has been waived by Lender and, if Lender requires,sha11 furnish to L�nder receipts evidenc�ng such payment within such time period as Lender may require. Borr�wer's o�ligation to make su�h pa�rr�e�.ts and to�r�vide receipts sha��for a�i p�rpase5 be de��ed to be a covenan.t a�d agre�ment can�a.ined in this Security Instrument,as the phrase "eovenant and agreement" is used in S�ction 9.If Borro�ver i�obligated to pay Escrow Items direct�y,pu.rsuant to a wai�er,and Borro�er fai�s to pay the anx�unt due for an Escrow Item,Lender may exercise its rights under Sectivn 9 and pay such amdunt and Borrower sha�l then be obligated under Secti�n 9 ta repay to Len�er any such amount. Lender may rev�ke the waiver as to any or all Escraw Items a�any time��a notice given in accordanGe with S��tion 15 and, upon such revocatxan,Borrower sha11 pay to Lender a11 Funds,and�n�uch amounts,that are then requi.red under this Section 3. Le�.de��nay,at any time,co��e��and ho�d Fu�.�s��an.arr2ount�a)suff ci�nt ta�aerm�t Lender tv apply the Funds at the time specified under RESP�,and(b�not to exce�d the m�.x�mum amount a lender can.require under 1�.ESPA.Lender shall estimate the amount of Funds due on the basis of current d�ta and reasonable estimates af exp�ndrture�of future�scrovv Items or at��rwxse in accordance�vith Ap��i�ab�e La�v. NEBRASKA�ingie Famify-Fannie MaefFreddie Mac UNiF�RM iNSTRUMEMT WITH MERS Form 3428 11U1 VMR� VMPfiA(NE}(1342}.40 Walters Ktuwer Financial Se�vices P�ge 5 of 17 q4333�44846Z U233 357 �517 �.�,��.