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��15�115� 2. Applicationof Payments or Proc�eds.�xcept as othervvise describ�d in this Section 2, a�l paymen�s accep�et�and apgli�d by i�en�er shall b�appli�cl in th�following order of priarity: (a�inter�st due under the N�te; �b)pr�ncipal due under the Note;[c)amoun�s due un�der Section 3. Such paym�nts sha��be applied to each Per�odic Paymen��n�he order in�crhich�t became due.A�ny remainiug am�unts sha11 be applied fust�o late charges, secc�nd t�any other amounts due u�d�r this S�curity Instrument,and then to reduce�he principal ba�an�e of the N�te. � I�i�end�r r�cei��s a�a�r�ent�co��3o�awer fvr a de�inq�e��P�eriadic�'a�n�nt wh�ch includes a suff�cient amount to pay any�ate charge due�the payment may be applied t�the delinquent payment and the late charge. If more than one P�riodic Pa�ment is outstanding,Lender may apply any�ayment received fram �►�rrower ta the rep�yment of t�he Period�c Paymen�s if,and ta�he extent tha�, each pa�ment�an be paid in fu11. Ta�he extent that any excess exists af�er the payment is appiied to the fu�1 payment�f one or mQre Periodic Payments, such excess may b�app�ied to any la�e charges due.��luntary prepayments shall be app��ed first to a�y prepaym�nt chaxges and then as described in the 1�Tote. Any app��cation of payments, �nsuranee proceeds,or M�sce�lan.eous Proceeds to prin�ipal due under th�N�te sha11�.at extend�ar pos�pone�he due date,�r Chan��the am�llnt,Qf the Periodic�aymen�s. 3. Fundsfar Escrow�tems.BQrrower sha11 pay to Lender on the day Periad�c Paymea�s are due under the Nate,unti�the Note is�aaid in fu��,a sum�th�"Funds")ta pra��d�far�ayment of amounts du�for;�a�taxes and assessmen�s and ather iten�s which can attain priarity over this 5ecurit�r Instrum�nt as a lien�r encumbrance on th�T�rop�r�y;[b)leasehald payments or ground rents an the P�'vperty,if any;[c}premiums for any and a11 insurance��uire�by Le�der un.der Section�;�.�.d.(d}��rtgage Insurance premiums,if any, �r any s�ms paya��e by Borrower to Lender�n�ieu of the payment af Mortgage In.surance premiums ia accordance with the pro�is�vns of S�ction ��. These items are called"Escrow Items."At vrigination or at any tin�e t�t�ring t�e t�rm vf the Loan,�..�n�er may require t�at�ommunrty Association I]ues,Fees,and As�essments, if any,be e�crowed by Borro�v�r,a�d such due�, fees and assessments sha�l be an E�craw Item. Borrower sha11 promptly furnish to Lend�r all notices of amounts to be pa�d under�his Sectian. I3onower sha11 pay�ender the Fu�.�.s for Escro�v Items unless Lender wai�es�arr�wer's obligation ta pay the Funds for an.y or all Escraw Iterns, Lender may waive Borrower's obligation�ta pay to Lender Funds for any or all Es�raw Items at any tim�.Any such vvai�er may only b��n writing.In the e�eat of such�vaiver, B�rrov�er shall pa�di.rectly,when aad�vhere pa�ab�e,the amoun�s due for an�Escrow Items for�vhich payment of Fund�has been�vaived by Lender and, if Lender require�,sha11 furnish ta Lender receipt� evidencing such payment�t�vithin such time p�riod a�Lender may r�quire. Borra�er's obligation to mal�e �uch payments and�o provide receipts shall for all purposes be deemed to be a co�enant and agreement contained in th�s Security Instrum�n.t,as the phrase "covenan�and agreement" is used in Section 9. If �orrower is abligated tv pay E�crow Items direct�y,pursuant to a ia�vai�e�,�nd Bvrrower f�i1s to pay�h.e amount due for an Escrow Item,L�nder may ex�rcise�ts ri�hts under Section�and pay such amount and Barrower shall th�n be obligated under Section 9 to repay to Lender any such amount. Lender may r�voke the�ai�er as to any or all Escro�v Items at�ny time��a no�tic�given in accor�lan�e with Section 15 a�.d, upon such revocation,Bo�`rower shall pay to Lender a��Funds,and in such amounts,that are then r�qu�red under this Sectivn 3. �end�r may,at any time,cvlle�t and hald Funds in an amaunt(a)�uf`f'icient to permit L�nder to app�y th� �unds at the time specified under RESP�,and(b�not to exceed th�maximum amount a lender can requue under�SPA.L�nde�shall estimate t�e amoun�vf Funds due o��e basis of c�rent data and reasonab�e estimates of expenditures�f future Es�ro�v Items or other�ise in accardance t�ith App��cab�e Law. NEBRASKA�ingle F�mily-Fannie Ma�IFreddie Mac UMIF�RM INSTRLJMENT 1l�ItTH MERS Forrn 34281141 VM P� UMPB►a[�iE)('�342}.44 1Noi#ers fCluwer Finar�ciai Senrices Rage 5 0#17 q�33�5972556 g233 319 4517