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��14�731� �. Applicationof Payments ar Pro�eeds.�xcept as othei-�vise descrrbed in this Section 2, a11 payments accepted and app�ied by Lender sha11 be app�ied in the fo�lowing order of priority: (a3�ntere�t d�e under the Note; (b}pr�ncipal due under the N�te; �cj amounts due under Section 3. Such payments sha11 be applied ta each Periodic Payment in the order in which it becarne due, Any remaining amounts sha11 be applied fvrst�� late charges,second to a��r other amounts due under t�is Securit�Ins�rument,and then to red�ce the principal balance of the Note. If Lender receives a payment from Borrow�r for a delinquen.t Periodic payment which�ncludes a sufficient amount to pay any 1a�e charge due,the payment may be applied to the de�inquent paymen�and the 1a�e charge. If mare than one Periodic Payment is outstanding,L�nder may app�y any payment r�ce��d frvm Borrower to the re�ayment vf the Perivdic Pa�rr�ents if,and to the extent that,�ach payment can be paid in fu11. To the�xtent�hat any excess exists after the payment is applied to�he furl payment of one or rnore Periadic Payments, such excess may be app��ed to any late charges due.Voluntary prepaymentS sharl be appli�d first to any prepa�ment charges and�he�as described in the Note. Any app�ication of payments, insurance�roceeds,or N�iscellaneous Proceeds to principal due under the Note shall n�t extend or postpane the due date�or change�h�amount,of the Periodic Payments. 3. Fu�dsfor Eserow Items.Borra��r sha11 pay to Lender on the day Periodic Payments are due under the Note,until the Not�is paid in fu11,a sum(the "Funds"}to provide for payment of amaunt�due for: (a}taxes and ass�ssments and o�her items tivhich can attain priority over this 5�cur��In�trument as a�ien or encumbrance on the Proper�y;(b}leasehold payments or ground rents on the Property, if any; (c)premiums for any and al�in.surance re�uired by Lender under Sectian 5;and(d}Mortgage Insurance premiums, if any, or any sums payable by Barrower to L�nder in lieu of the pa}rment of Mortgage Insurance premiums in accordanc�with the pro��sions of Section 10. These items ar�called"Escro�v Items."At origination or at any t�me during the term of the Laan,Lender may requue that Community Association Dues,F�es,and Assessments, if any,be escrowed by Borrower,and such dues, fees and assessrnents sha11 be aa Escrow Item. Bon�wer shall pr�mptly furnish to Lender a11 notices of amounts to be paid under this Se�tion. Bvrrower sha11�ay Lender t�e Funds for Escrov�items unless Lender�vaives$orro�rer's ahligatian to pa� the Funds for any or ail Escro�v items, Lender ma�waive Borrower's ob�igation to pay to Len.der Funds for any or a11 Es�ro�v I�ems at any��me.Any such waiver may only be�n wr�ting. �n the event of such wa��rerA Borrower�ha�1 pay directl}�,�uhen and�vhere pa�able,the amounts due for any Escrow I�ems for�hich payment of Funds has be�n waived by Lend�r and, if Lender requires, sha11 furnish to Lender rece�pts ev�dencing such payment�ritbin such time period as Lender n�ay require. Borro�ver's obligation to make such payments and to pro�ide receipts sha11 for a11 p�rposes be deemed to l��a cov�nant and agreement contained in this Security Instrum�nt,as the phrase"covenant and agreement" is used in Secti�n 9. If Borrower i�obligated tQ pay Escrow Items directly,pursuant to a waiver,and Borrower fails ta pay the amount due far an Escrow Item,Lender may exercise its rights under Secti�n 9 and pay such amount and Borrow�r sha�I then be obligated under Section��o repay to Lender any such amount. Lender may revoke the wai�er as to any or a11 Escrow Items a�any time by a n�tice given in accvrdance with Section 15 and, upon such revocation,Borrpwer shall pay to Lender a11 Funds,and in such amounts,tha�are then required under this Section 3. Lender may,at any time,collect and hold Funds in an amount�a}sufficient to permit Lender to apply the Funds at the time specified under RESPA,and(b}nat tv exceed the maximum amount a lender can requir� under RESPA, Lender sha11 estima�e the amount of Funds due on the basis of current data and reasonable estimates of expenditures af future Escrow Items or otherwise i�accordance with Applicable Law. NEBRASKASingle Family-Fannie MaeJFr�eddie Mac L1NIF�RM 1MSTRUMENT WITH MERS Form 3�28 1141 VMR C�] VMPfiA(NE}{1342}.4� Woi#ers Kluwer Financial Services Page�Qf 17 q�33334585�8 a233 277 �51?