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��14��731 Z. Applicationof Payments or Proceeds.Exeept as atherwise described in this Section 2, �11 payments accepted and applied by Lender shall be applied�n the following order of pr�arity: (a}interest due under the Note; (b}principal�ue under the Note; �c)amounts due under Section.3. Such payments sha11 be applied to each Periodic Payment in the arder in�hich it became due.A�y remaining amounts shall be applied fust to late charges,second to any other amvu�nts due under this Securi�y In.strum�nt,and then to reduce the principal balance af the Nate. If Lender receives a payment from Borrower for a delinquent Periodic Payme�t which inc�udes a sufficient amount to pay any Ia�e charge due,the payment may be applied to the delinquent payment and the late charge. If mare than one 1'eriodic Paymen.t is outstanding,Lender may appty any payment rec�ived fr�m Borro�ver to the repa}�ment of the Periodic Payments if,and to the exte�.t��.�.�,each pa�ne�nt can be paid�n full. To the e�tent that any excess ex�sts after the payment is applied�o��e fu11 payment of one or more Periodic Payments,su�h excess may be applied ta any late eharges due.Voluntary prepaymen�s sha11 be applied fust t�any prepayment charges and then as described in the Note. Any app�ication of payments, insurance proceeds,or Miscellaneous Proceeds to principai due under the Note sha11 nat extend ar�aostpone the due date,or change the amount,of the Per�adic Payments. 3. Fundsfor Esc�ow Items.Borrower sha11 pay ta Lender on th�day Periodic Payments are due under the Note,until the No�e is paid in full,a sum�the "Funds")to pro�vide for payment of amounts�ue for: �a}taxes and assess�ments and other items which can att�in priority over this Secu�rity Instrument as a lien or encumbrance an�he Property;�b}�easehold payments or ground rents on the Praper�y, if any; �c}premiums for any and a��insurance required by Lender under Section S;and(d}Mortgage Insurance premiums, if any, or any sums gayable by Borr�wer to Lender in lieu of the payment of Mortgage Insurance premiums�n accordance w��h the pro�is�ons of Secti�n 1�. These�tems are called"Escrow��ems."At originati�n or at any time during the term af the Loan,Lender may requ�.re that Community Associati�n Dues,Fees,an�. Assessments, if any,b�escrowed by Borrower,and such dues, fees and assessments shall be an Escrow Item. Borra�ver sha11 pramptly furnish to Lender a11 notices of amounts to be paid under this Sec�i�n. �orrower shall pay Lender the Funds for Escrow Items unless Lender�vaives�orrower's obliga�ia�.to pay �he Funds for any or aIl Escrow Items, Lender may waive B�rrower's ob�igati�n to pa�to Lend�r Funds for any or al1�scrow Items at any time.Any su�h�aiver may only be�n tivr�ting.In the event of such waiver, Borro�ver sha11 pay di.reetly,when and where payable,the amounts due for any Escrow Items for which paymen�of Funds has b�en waived by Lender and, if Lender requir�s,sha�l furnish to Lender receipts e�idencing such payment within such time period as Lender may require. Borrower's obligation to make such payments and to provide receipts sha11 for a11 purpases be de�med to be a covenant an�1 agreement contained in thi�Security Instrument,as the phrase "co�venant and agreement" is used in Section 9. If Borrower is abligated to pay Escrovv Items directly,pursuant to a waiver,and Borrower fails to pay the amount due for an Escrow Item,Lender may exercise itS rights under Section 9 a�d�ay such amount and Borrower shal�then be obligated under Section 9�o repay�Q Lender any such amo�nt, Lender may revoke the waiver as to aay or a�1 Escrow I�ems at any time by a not�ce given in accordance�ith Section 15 andA upon such re�ocation,Borrower sha11 pay to Lender all Funds,and in su�h arnounts,that are then required under this Section 3. Lender may,at any time,collect�.nd hold Funds in an amount(a}sufficient to permit Lender�a apply the Funds at the time specified under RESPA,and(b)not to exe�ed the maximum amount a lender can require under RESPA. Lender sha11 estimate�he amvunt of Funds due on�he iaaSis of Current data and reasonabl� est�mates of expenditures�f futur�Es�row Items�r otherwxse in accordance vvith Applicable Law. �� NEBRASKA�in le Famil-Fan�ie MaelFr9eddie Ma�UN�F�RM IN5TRl1MENT WITH MERS � Form 34281I41 VMP� � y VMPBA[NE}�13Q2}.44 Wolters Kluwer Financia[Se�vices Page 5 af 17 q�333205�914 4233 297 �517