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��14�515� �. Applicativnof Payments or Prace�ds.Except as o�her�vise described in this Sectian 2, a11 payments accepted and applied by Lend�r shall be applied in the follv�ing Qrder of priority: (a}interest due under the Note; (b}principal due under the Note; �c}amounts due under Section 3. Such payments sha�1 be applied to each Periodic Payment in the order in which it became due.Any remain�ng amQunts shall�e applied first to late charges,s�con.d to any other amounts due und�r this Security Instrum�nt,and then to reduce th� principal balanc�of th�Note. If Lender recei�es a payment from Barrower for a delinquen�Periodic Payrnent�hich ineludes a sufficient amount to pay any late�harge due,the pa�men�may be applied t�the delinquent payment and the late cha.rge. If more than one Periodic Paymen.�is outs�a�ding,Lender may apply any payment rec�ived from Borrovver to the r�pa�rnent of the Periodic Payments if,and to the extent that, each payment Gan be paid in fu11. To the extent that a�ty ex�ess exists af�er the paym�nt is appiied to�he fu.11 paym�nt of one or more Periadic Payments, such exeess may be applied ta any tate charges due.Votun�ar�y prepaym�nts shall�� applied first to any prepa�ment charges and then as described in the Note. Any application of payments, i�.nsurance proceeds,or Misc�ilaneous Proce�ds to principa�due under th�Note sha11 not extend or pos�pone the due date,or change the amount,of the Periodic Payments. 3. Fundsfor Esc�ow Items.Borrower sha11 pay to Lender on the da�Periodic Pa�ments are due under the 1�Tote,unt�1 the No�e �s paid in fu1l,a sum(the "Fund�"�to provide for payment of am�unt�due for: (a}taxes and assessments and other items which can attain priority over this Security Instrum�nt as a lien or eacumbran�e on the Property; (b}leasehold paym�nts or ground rents on the I'roperty, if any;�c}pr�miums for any aad all insurance required by Lender under Section 5;and(d)Mortgage Insurance premiums, �f any, or any sums payab�e by Borrower to Lender in I�eu of the payment�f Mortgage Insurance pr�miums in accordance with the pro�isians af Se�tion 1�. These items are cailed"Escrativ Items."At orig�nation or at any�ime durrng the term of the Laan,Lender may�equire that Community Assaciation Dues,Fees,and Asse�sm�nts, if any,b�escrowed by Borro�ver,and such dues, fees and assessments sha11 b�an Escro�r �t�m. Borrower shall promptly furnish to Lender a11 notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrov�I�ems unless Lender waives Borrov�er's obligation to pay the Funds for any or a�l Escrow Items. L�nder may�vai�e Borro�ver's obligation to pa�to Lender Funds for any or a11 Escrow Items at any time.Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly,when and�vhere payable,the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requi�res, shali furnish to Len.der receipts evidencing such payment within such�ime per�od as Lender may require. Borraw�r'�obligation to make such payments an�l t�provide receipts sha��for all purposes be deemed to be a cavenant and agreement con�ained in this Security Instrument,a�the phrase"cov�nant and agreement" is used in Section 9. If Borrower is obligated to pay Escraw�tems directly,pursua�nt to a waiver,and�or�rawer fail�t�pay the amount due for an Escrow Item,Lender may exercise i�s righ�s under S�ction 9 and pay such amount and �orrawer sha11 then be obligated under 5ection 9 to repay to Lender any such amount. Lender may revoke th�wai�er as to any or at�Escrow Items at an�time by a notice given�n accordance with Section 1 S and, upon such revocation,Borrower sha11 pay to Lender al�Funds,and in such amvuntsA that axe then required under this Secti�n 3. Lender may,at any time,collect and ho�d Funds in an amount[a)sufficient to permit Lender to app�y the Funds at the time specif�ed under RESPA,and(�}not�o�xceed the max�mum amount a len.der can require under RESPA. Lender s�a11 estimate the amount of Funds d�e on the basis of current data and reasonable estimates of expenditures of future Escrow Items or other��se in accardan.ce with Applica�le Law. NEBRASKA�ingie Family-Fannie MaelFr�eddie Mac LINIFQFtM INSTRUMENT W1TH MERS Form 34�8 1141 VMP C� VMPBA�NE}(1�42}.0�0 Wolters Kluwer Fina�cial Services Page 5 of 1? q�333392�497 fl233 �58 �517