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!� f ��15��133 � �. Applicationof Pa�ments or Prc�ceed�.Except as atherwis�described�n this Seetion 2, a11�ayment� accepted and applied by Lender sha�l be applied in the following order of priority: �a}iat�rest due under the Nvte; (b)principal due under the N�te;�c]amounts due under Section 3. Such payments sha1�be app�ied to each P�riodic Payment in the order in v�rhich it became due.A.ny remaining amoun�s sha11 be app�ied first to ' lat�charges, second ta any other amounts due uader this Security Instrument,and then to reduce the principa�balance of the Note. If Lender recei�es a payment from Borrower far a de��nquent Per�odic Payment which includes a sufficient amount to pay any late charge du�,the payment may be applied to the delin�ueat payment and the late � charge.If more th.an�ae Periodic Payment�s outstandin�,Lender may apply any payment recei�ed from F3�rrawer to the repayment of the Periodic Payments if,and t�the extent that,ea�h payment can be paid in � fui�.To the�xteat that any excess�xists ai�er the payment is appt��d to the fu�l payment of one or more Periodic Payments,such excess may be appli�d to any late charges due.�olunta.r�r prepayments shall be applied fust to any prepaym�nt charges and then as descr�bed in the Not�. Any application of payments,in�urance proceeds,or Miscellaneous Praceeds ta principa�due under the Nate shall not extend or po�tpone the due date,or change the amaunt,of the Peri�dic Fayments. 3. Fund�for Escraw Item�.Sona�ver sha11 pay to Lender on the day Periodic Payments are due under the N�te,until the Note is paid�n ful�,a sum�the"Funds"}to pra�ide for payment of amounts due for: (a}taxes and assessments and other items which can attain priority over this Security Instarument as a lie�or ; encumbrance�n the Property;(b}le�.sehold payments or ground rents on the Property,if any; (c}premiums for any and al�insurance required by Lender und�r Section 5;and�d)Mar�gage InsuranGe premiums, if any, or any sums pa�able�y Borrower ta Lender�n lieu af the payment of Mortgage Insurance prem�ums in accardance with�he provisi�ns of Section 1�.Thes�items are called"Escraw Items."At orfgination vr at � any time duriag�he term af�he Loan,Lender ma�require that Commun�ty Associati�n Dues,Fees,and Assessments, if any,be e��rowed by Borrower,and such dues, fees and assessments shall be an Es�rovv Item. Barro�ver sha11 promp�ly fi�rnish to Lender a1�notices of amounts ta be paid under�his SectiQn. _ Borro�ver shall pay Lender�he Funds for Escraw Items unless Lender waive�Borrower's ohligation to pay _ the Funds far aay or all Escrow�tems, Lender may�vai�e�orrawer�s obligation to pa�r ta Lender Funds for _ any�r all Escrow It�ms at any time.An.y such waiver may�nly be in writing. In the eveat of suGh waiver, Borrower shall pay dire�tly,when and where payab�e,the amounts due for any Escrow Items for which payment of Funds has been�vai�ed by Lender and, if Lender requues,sha�1 furnish ta Lender receipts e�i[�encing such paymen�within such time period as Lender ma�require, Borrower's obtigation to make such payments and to prov�de receipts sha11 far a11 pu.�poses be deemed to be a c�venant and agreement cantained ia this Security Instrument,as the phrase"covenant and agreen�ent" is us�d in Sect�on 9. If Borravver is obligated to pay Escrow Items direetly,pursuant t�a wai��r,and Borrower fait�to pay the amaunt due far an Escrow Item,Lender may exercise i�s rights under Sect�on g and pay such amount and Borrower shall then be obi�gated under Section 9 to repay to Lender any such amaunt.Lender may revnke i the wai�er as to any or al�Escrow Items at any tim�by a notice g��en in accor�lance with Section 1 S and, upon such revocation,Borrower sha�l pay to Lender all Funds,an�in su�h amounts,that are then required i unt��r this Section 3. � Lender may,at�ny time,colle�t and hold Funds in an amount�a)sufficient tv permit Lender to app�y the Funds a�the tim�specrfied under RE SPA,and�b)not ta e�ceed the maximum amaunt a lender can requue ' under RESPA. Lender sha11 estimat�the amount of Funds due an the basis of current data and r�asonab�e i estxmates of expenditures af future Escrow Items or otherwise in accardanc�with Applicable Law. � NEBRASKA-Single Family-Fannie A►laelF�eddie Mac UNfF�RM INSTR�MENT W1TH MERS Form 3D28�109 VMP� VMPBA(NE)�1342].0� Wotters Kfuwer Financia!Senri�es Page 5 of 1? q43335�18262 �233 255 0517