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��15��574 <br /> 2. Appl�cationof Paym�ents or Prvc�ds.Exc�pt as�therwise d�s�r�bed in th�.s S�cti�n�, all payment� <br /> accept�d and appli�d by Lender sha�l be appli�tl in the f�llowing order of pri�rit�r: (a)interest�lue under the <br /> Note;(b)grinc�pal due under the I��t�;t�j am�unts due un�+er S�ction 3. Such paym�nt�sha��be applied to <br /> each Periodic Payment in the order in�vh.�.c�i it b�am��u�.An�remaining am�unts shall b�app�ied first t� <br /> �at�charg�s,se�t���t�an}r other amaunt�du�e�nc��r#�i�S�cu�i#�in.strum�nt,and t�i�n ta reduce�.h� <br /> principal ba�ance of the I��te. <br /> If Lender receives a payment from B�rrQwer�or a deli.nque�t P�riodic Paym�nt which ut���des a suff cient <br /> amaunt to p�y any 1at�charge due,th�pa�nnent may be appli��l to the delinquent payment an�the lat� <br /> ch�rge,If more�han one Periodic Payna�nt�s�ut�tandi.n.g,L�ender may apply any paym�nt re���v�d fram <br /> Borro�v�r t�th�r�payment�f the P�rio��c P��m��#�i�f,a�d�o the�xten��hat,eac�}�a�ment�c���e pait�in <br /> full.TQ the extent that any�xc�ss exi�ts�f�er th�pa}�ment is applied to the fu11 payment�f one or mor� <br /> Periodic Payments,�u�h excess m,ay be�pplied t�a�ny Iate ch�rg�s due.,Yotuntary pr�pay�ments sha11 b� <br /> appl�ed first ta any prepayment charges and then a�described in th�No�e. <br /> Any app�ication�f payments,insuran��proce�ds,�r Mi.s�c�l�aneous Frace�ds t�principal due under the N�te <br /> sha11 not ext�nd or postp�x�e the du�date,or chang�the amaunt,�f the P�ri�dic Pa�ments. <br /> 3. Fu nd�f�r E�cr��item�.Borrower sha11 pay tQ�ender or�th�day Periodic Payments are du�under the <br /> Nate,unt�1 the Not�is paid in fult,a sum�the"Funds"j to pro�idc for payme�t of�mounts due for: [a)tax�s <br /> and a�s��sm�nt�and other items which can at�ain priorit�over this Security I�strument as a l�en or <br /> encumbrance on th�Property;(b}leas�h��d pa�r�m�nts�r grc�und rents on th�1�roper�y,if any;(c}premiums <br /> for any and aIl insurance rec�uired by�ender und�r Section 5;and��}M�rtga�e Insuran�e premiums, if any, <br /> or any sums payable by Borro�ver to Lender in li�u�f the paym�nt of Mortga�e Insurance premium�in <br /> aG�ordance with the provisi�r�s�f Se�tion 1�,These items ate called"Escro�v Items."At origination ar at <br /> any tim�during the t�rrnr�of the Laan.,L�nd�r may require that Com�nunity Assvciation Dues,Fees,and <br /> Assessments,if any,be escr�wed by Borr�wer,and such d��s,fees and assessments�hall b�an Escrow <br /> Item. Borrawer shal�prom�t�y furnish to L�nder a��notices of amounts to b�paid under this Sect�on. <br /> $�rr4wer shall pa��e�der the Funds for Es�crow I�tems�.r�es�Lend�r v�a�ve��3arrower's vbli�ation to pay <br /> the Funds for any or all Escr�w Items.Lender may wai�e B�rrower's abligat�on to pay t�L.�nder Funds for <br /> any or aIl Escraw Items at any time.Any such waiv�r may only be in wr�tin�, In.th�event of such waiver, <br /> B�rrow�r sha11 pay duectly,when and vvher�p�yabl�,the am�unts due for any Es�row It�ms for which <br /> payment vf Funds has be�n�ra�v�d by Lender and, �f Lender requir�s,shall furnish to Lender re�eipts <br /> evid�nci.n�such pa�m�nt within such time period as Lender may require. Borrawer's obli�ativn ta make <br /> suc�payment�and ta pr�vide r�c�ipts shall for all purposes be�eemed to be a covenant and a�reemcnt <br /> con�a.ined in this Security Ins�rument,a�the phrase "ca�enant and agrcement"is used in 5ecti�n 9.If <br /> B�rro�vcr is obligated t�pay Escro�v Items di.rect�y,pursuant to a wai�er,and�rrow�r fai�s to pay th� <br /> am�unt d�e f�r an EsGrow Item,Lend�r ma�exer�c�se its rights under Section 9 and pay such amount and <br /> Borro�rer shall then b�ob��gated under Se�tinn 9 to re�ay to Lend�r any such amou.nt.Lender may re�oke <br /> the wai�er as to any ar a11�scr�w It�ms at any time by�notic�gi��n in accordance with S�ction 15 and, <br /> upon such revocati�n,Borrovver sha��pay tv L�n�ler�11 Funds,and in such amounts,that are tb�en r�quired <br /> under this Sect�on 3. <br /> Lender may,at any time,coll�ct and hold Funds in an amaunt(a}sufficient to permit Lender to apply the <br /> Funds at the tune spec�fied under RE�PA,and�b)not t��xceed th�maximum amount a lender can r�quire <br /> under RESPA. Lender shal�Cstimat�the amount Qf Funds du�on the hasis of current data and reasonable <br /> cstimates af expenditures of futur�Escrow Items or otherwise in accordance with App�ica�le Iaaw. <br /> NEBRASlCA-5lnp�s Farnily-Fanni�M�aJF�dle Ma�UNIFflRM lNSTRUMENT WITH MERS Form 3DZ8 tl4� <br /> VMP Qp VMPdA(ME}(13���.QQ <br /> Wo�ters I{lwverr F#nanci�!5enric� Page 5 0��7 <br /> q 48 17 <br />