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��14�7495 �. Applicationof Payments or Pr�oce�eds�Exc�p�as otherwise described in this �ecti�n�, a��paym�nts accep�ed and app�ied by Lender shal�be a�pl�ed in the foll��ving order of prior��y; �a}interest due under the No�e? �b}principal due under the�ote; ��amounts due un�.er SectiQn 3. Such�ayments shall be applied�o each Per�odi�Pa�rmen�in the�rder in w�.ich�t became du�.Any rem.ain�ng amounts shall b�applied f�rst to late charges,secon�to any other arnounts due under this Security Instrument,and then t�redu��the princ�pal batance af the N��e. �f Lender rece�ves a paymen�from Borrower for a d��inquent Periodic Pa�ment�hich includes a su�fi�ier�t amount tc�pay an��ate charge due,the payment may be apg��ed to the de��nquen�paym�nt and the late �harg�, If m�re than one Peri�dic Fayment�s outstandin�,Lender m.�y apply an�paym�nt reee��ed fr�m � �'3on�wer�a the repaymer�t of the Per�odic Payments if,and ta the exten�tha�, �ach paymen�can be paid in full. To�he extent�hat any excess�xists af�er the payment is applied ta the full paymen�of Qne or m�r+e �'eriodic Payments, such excess may be applied t��.ny Iate charges due. Volun�ary pr�pa�ments shall be app�ied first tv an��r�paym�nt�harg�s a�d then as described in the Note. Any app�ication af payments, insurance pr�ceeds,or M�scellaneous Proceeds tQ principa�due under the 1�To�e sha11 not extend ar�astpor�e th�due date,or ehang�the am�unt,of the Peri�dic F'ayments. 3. Fundsfor�Escr�rnr items.Borrov�er shall pay to�ender on�he day P�riodic Payments are due under the N�te,until the Note is paid in fu��,a sum(the "Funds"}to pro�ide foar pa�rrien�af amaun�s due for; �a)taxes �nd assessments and�ther items which can at�ain priarity o�er this Security Instr�men�as a lien or encumbrance on the Frop�rty; (b) leaseho�d paymern�s or ground r�nts an the prop�rty, if any; ��}prern�ums far any and al��n�urance required by Lender und�r Section�;and�d)Mortga�e Insurance premiums, if any, or any sums payabl�by Barrower ta Lender in��eu�f the payment of Mortgage�n�urance premiums in accordance with th�pro�isions of�ection 1�. These it�ms are called "Escro�I��ms."At arigi�at�on or at any time dur�ng the term of the Laan,L�nder may require that�ommunity Association Dues,Fees,and Asses�m�n�s, if any,be escro�ved by Borro�ver,and such dues, fees and assessments shall be a�.Escro� �tem. Barrower sha1Z promptly furn�sh td Lender a�I notices of amounts t�be paid under this Se�tian, �orrow�r sha11 pay Lender the Funds for Escr��r It�ms unless I�ender�ra�ves Borr�wer's oh�igation to�ay the Funds for any or all Escro�v�tems. Len�ler may�va�ve Borro�er's ob�i�ation�o pa�to Lender Funds for any or all Escro�v�tems at any time,Any such�vaiver may only be��.writing. �n the event of such�vaiver, r3orr�vcrer s�all pay direc�ly,when an�w'hef�payab�e,t�e amouri�s due far a�.y Escrow Items�or vvhich �ayment of Funds has be�n�aived by Lender and, �f Lender requires, shail furnish to Lender receipts eviden�xng such paym�nt�i�hin su�h time period as Lender rna�require. Borrower's�b�igation to make �uch paymen�s and to pro�rde r��eip�s shall for all purposes be deemed ta�e a c��venan�and�.greement �onta�ned�n this Security Ins�rum�nt,as th�phrase "�ovenant and agr�ement" is u�e+d in Section�. If Borrowe�r is ob�igated to pay Escro��tems directly,p�.rsuan�t to a waiver,an�Borrower fails�o pay th� amount due far an Escro�r I�em,Lender may exer�ise its r�g�ts under S�ction 9 and pay such amoun�and �orrower shall the�be ob��ga�ed under Section 9 to repay to Lender any suc�a amount. Lender may re�oke the�vai�er as to any or a�1 Escr��Item�at any tim�by a noti�e given�n accardance�ith Section 1�and, upon such re�ocati�n,�orrower sha��pay t�Lender a11 Fund�,and i�such arnounts,that are then requi.red under this Section 3. Lender may,�t any time, collect and ha�d Funds in�.n amou�t�a)su�`ficient to p�rmit Lender to apply th� �'unds a��he time �p�cified under I�E�PA,and��)�ot to��ceed the max�mum amount a lender can requvice under RESPA. Lender shall estimate the am�unt of Funds due on the basis of curr�nt data and r�asonabte estimates of expendi�res�f fu�ure Escrow Tt�ms or oth�r�ise in a�cordance�vith Appl�cable L.aw. NEBRASKA-Single Family-Fanr�ie MaelF�eddie Mac UNIF�RM�NSTRUMENT 1N[TH hAERS Form 3Q28�14� VMP Q VMPfiA(NE1��302].�4 Woiters Kluw�r Financiat Services Qas�e 5 of�7 q�33293�88�8 ��33 375 4517