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��15�1���
<br /> LDAN#: ��0�E MD873�5
<br /> 2. appl�cation af Payments or Proceeds. Exce�t as vthen�v�se describe� �n �his 5ect�on 2, all
<br /> paymen�s acc�pfed and applied by Lender shal�be appiied in fhe fal[av�r�ng order o�prio�ifiy: �a} �nter�st
<br /> due under�he Na�e; �b}princrpa�due unde��he N��e; �c}amoun�s due under Sec�ion 3. Such paym�nts
<br /> shall b�ap��ied to each Perivdic Paymen�in th�order in wh�ch it be�ame du�.Any remain�ng amoun�s
<br /> shafl �e applied f�rs�to �afie charges, second�o any other amoun�s due under this Securify �nst�umen�,
<br /> and then�o reduce fihe principal ba�ance o�the No�e.
<br /> {f Lender receiv�s a paymen� from Borrov�rer far a de�inquent Periodic Paymen� which inciudes a
<br /> suffi�ient amaun��o pay any[ate charge due,�he paymen�may be applied to tF�e de[inquen�paymenfi and
<br /> �he(at�cha�ge.i�more fhan one Periodic Paymen�is ou�s�and�ng,Lend�r may app�y any paymen�received
<br /> fr�m Borrower�a�he repaym�n�of�he P��iodi�Paymen�s if,and�o�h���fenf fha�, each payment�an be
<br /> paid in full.To�he ex�en��ha�any ex�ess�xists afte��he payment�s app�ied to the�ull paymen�of�ne or
<br /> more Periodic Payments, such exc�ss may be applied to any la�e charges due. Vo�unfiary prepaymen�s
<br /> sha�l be app�ied firs��fl any prepaymen�charges and�hen as d�scribed in fihe�Va��.
<br /> Any appf�ca���n�f payments,insurance pra�eeds=��Mis�e��aneous Pro��eds�o pr�ncipal due under
<br /> the Note shafl naf ex�end or pos�pone fhe due da�e, or change�he amoun�, of fhe Peri�di�Payments.
<br /> �. Funds for Es�row ltems. B�rrow�r shall pay fo Len�er an�he day Per�od�c Paymen�s are due
<br /> und�r the No�e, un�il the Nate is paid in ful[, a�um�the"Fund�"}�o proWide for paymen�of amounfs due
<br /> far: �a}faxes and�ssessmen�s and other��ems v�rhich can a�tain priority o�er this 5ecu�ity Inst�um�nt as
<br /> a lien or encum�ranc�on�he Properfy; �b} I�asehold payments or ground �en�s on the Property, if any;
<br /> ��}pr�m�ums�or any and al!insuran�e re�ui��d�y Lender under Secfiion 5;and�d� Mort�age�nsurance
<br /> pr�miums,if any,or any sums payabl�by Borrowerto Lend�r in lieu of fihe paymen�a�Morkgage I nsu�anc�
<br /> premiums �n a�cordan�e with �he pro�isions of 5ection 'I�. These items are cal�ed "Escraw �f�ms."At
<br /> origination or a�any tim�during�he te�m of th� Loan, Lend�r may requ�re fha�Commun��y Associa�ion
<br /> Dues, Fees, and Assessm�nts, if any, be escrawed by Bo�rower, and such dues,fees and assessments
<br /> shal�be an Escra�rv I�em.Barrovv�r shall p�omp�ly furnish�o Lender a��no�ices of amoun�s�o be pa�d under
<br /> this S�c�inn. Borrov�rer shall pay Lender�he Funds far Escrow I�ems unless L�nder waives Borrower's
<br /> ab�igation to pay�he Funds for any or a[[ Es�raw I��ms. Lender may wai�e Barro�ver's�bligafion�o pay
<br /> ta L�nder Funds for any or aff Escro� Items at any tim�.Any su�h wai�e�may vnly be in wri�ing. In�h�
<br /> e��n� of such wai�er, Borrower shall pay direc�iy, when and where payabl�, fihe amoun�s due for any
<br /> �scraw ���ms for whi�h paymen� of Furtds has been wa��ed by Lend�r and, i� L�nd�r re�uires, shall �
<br /> �Furnrsh �o Lender receipfis e�id�ncing su�h payment vvi�hin su�h t�m� period as Lend�r may require. �
<br /> Barrow�r's obl�gation��make su�h payments and�a p�a�ide�e�eipts sha[1�or ail purpos�s be de�med
<br /> �o b� a coven�nf and �greemenfi con�ained �n �his Secur'rty Insfrument, as �he �hrase "co�enan� and
<br /> ag�e�ment" �s used �n 5�c�ion 9. �f �orrower is obfigated �o pay Es�row lfiems d�r�ctly, pursuanfi ta a
<br /> viraiv��, and Barrower fa�fs �a �ay fhe amount due f�r an Escr�w I�em, Lend�r may exercise its ri�h�s
<br /> und�r Sect�on 9 and pay suc� amaun#and B�rrower shal� then be�bligafed under Secfion 9�o repay
<br /> t❑Lender any su�h amaunt. Lender may revoke the waiver as to any or alf Escraw I��ms at any�ime by
<br /> a noti�e g�ven in ac�ardance wi�h S�c�ion '[5 and, upan su�h re��catian, Borrower sha�l pay t� �ender
<br /> af� Funds, �nd �r� such amounts, tha�ar�then r�quired under�his Section 3.
<br /> Lendermay,af anyfi�me,�ollect and ho[d Funds in an amaunt�a}suff�cien��o permi��ender�o a�piy
<br /> �h�Funds af the tim�sp���fied ur�der RESPA, and�b} not�o�xceed�he maximum amount a lender�an
<br /> require under RESPA. Lender shall es�ima�e�he amoun�of Funds due on the basis o��urrent dafa and
<br /> reasonable esfima�es of expend��ures o�fu�ure Escrow I��ms or o�herwise in accordan�e w�th Applicabfe -
<br /> Lavv.
<br /> Th�Funds shalf be he�d in an ins���u�ion vvhose��posits ar�insur�d by a federal ag�n�y,ins�rumenta�ity,
<br /> or entity �inc�uding Lender, �f Lender�s an ins���ufiion whos� deposi�s are so insured} �r�n any Federa[
<br /> Home Loan Bank. Lender sha�l apply�he Funds fo pay fh�Escrow Items no la�er�han fhe tim�specified
<br /> under RESPA. Lender sha�l not charge Borro�rer f�r hold�ng and applying the Funds,annually analyzin�
<br /> the e�cra�r accflun�, ar�erifyin��h�Escrow I��ms, un[ess Lender pays Borrower inter�s�on�he Funds
<br /> ar�d AppC�cable Law permi�s Lend�r ta make such a�harge. Unless an a��e�men��s mad� in w�i�ing or
<br /> App�icabfe Law requires in�eres�to be paid on the Funds, Lender sha[I not b�r�quired�o pay Borrowe�
<br /> a�y�n�er�st�r earn�ngs on�he Funds. Borrower and Lender�an agree in wr�ting, howe�er,�hat�n��res�
<br /> shaf� b�paid on th�Funds. Lender shall�ive�o Borrower, v�ri�hau�char�e, an �nnuaf accaun�in�af the
<br /> Funds as requi��d by f�ESPA.
<br /> �f�here is a surpfus af Funds held in escraw, as defin�d under RESPA, L�nder shall ac�oun� �a -
<br /> Borr�wer fa�-�he�xcess fun�s in a��a�dan�e v�ith RESPA. lf there is a s�ortage af Funds held in e�cr�w,
<br /> as defined und�r RESPA, Lender shaC�notify S�rraw�r as required by RESPA,and Borrower�ha�l pay�o
<br /> Lender�he amoun�necessary to make up�he shor�a�e in�ccordance wifih RESPA, bu�in no more�han
<br /> ��month[y paymen�s. ���here is a def�ciency��Fun�s held in escraw,as defined under RESPA, Lend�r
<br /> �hall no�ify Borrower as re�ui��d by �ESPA, and Borrower sh�l� pay fo Lender�he amaunt necessary
<br /> �o make up fhe d�fi�iency in acca�dan�e with RESPA, bu��n na more�han �2 mon�hfy paymen�s.
<br /> Upon paym�nf in full of al[sums secured by�his Secu�i�y Instrurr�en�, L�nder shal� pr�mptfy r�fund
<br /> ���orrawer a�y Funds held by Lender.
<br /> 4�. �harges; Liens. Borrorrve�s�all pay al� faxes, assessmen�s, charges, �inesf and impositions
<br /> a��ribu�able�o the �roperty�hich can atfain priority o�er this Securi�y �nstrument, ieaseho�d paym�n�s
<br /> s
<br /> �n�tials:
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<br /> NEBRASKA-TSingle Family--Fannre MaelFreddie lU[ac�NIF�R�I[NSTRUI�ENT Form 3UZ8 11D'I �-��� � �
<br /> Ellie Mae,inc. Page 4 of �� NEE�EED 1 Z��
<br /> NEE�EED
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