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��15�17�� 2. A pptication of Payments or Pr��eeds. Except as o�herwise des�ribed in�his Sec��on 2, �.11 payments ac�epted and applxed hy Lender sha��app�ied in the follovving order af pr�ority: �a� interes�due under�he Note; �b�princ�pai due under the N��; �c} amounts du�under Sectian 3. Such payments shall be applied to �ach P�ri�dic Payment in the arder in v�hich i�b�carne due. .Any rerna.in�ng amounts shali be appli�d f rs�ta _ �at�charges, second��any other amounts due under th�s Secur�ty Instrumer�t, and�hen to reduc�the princ�pa� ba�an�e�f the Note. If Lend�r receives a paymen�from Borrower for a del�nquen�F�eriod�c Payment which inc�udes a sufficien� amount to pay arxy I ate charge due, the payment may be app I i ed tfl the del i r�quent p ayrnent and th��ate charge. �f more than one Peri�dic Payment is outs�and�ng, Lend�r may app�y any paynzent rece�ved from Borrower ta�he repayment❑f the Periodic Paym�nts if, and�o�he e�ten�that, each payrnen��an be paid i�. full. To the e�tent tha�any excess exists after the payment is app��ed to�he fuX�paymen�of one ar rnar� Periodic Paymen�s, su�h excess may be app��ed to any�ate charges due. Voluntary prepayments sha.�.� be applied f rs�to any prepaymen�charges and�hen as described in�he N�te. Any applicat�on of payments, insuran�e pra�eeds, or Miscellaneous Praceeds to princ�pal due under the Nflte sha��not extend or postpone the due date, or change the arnount, af�he Periadic Payments. 3. Funds for Escro►n► �tems. Barrawer shali pay�fl Lender on�h�day Periodic Payments are du�under�he No�e, until the Nate is paid �n ful�, a sum(the "Funds"��a provide for payment flf arn.oun�s due f�r: �a��axes and ass�ssmen�s and�ther �tems whrch can at�ain pr�ar�ty o�er this 5ecurit}��nstrument as a lien or ericumbrance on th�Prop�rty; �1�� 1ea�sehold payments or graund rents an the Property, if anyx �c]prem�ums f�r any and a.�l �nsurance requ�red by Ler�der und�r Sect�on 5; and�d}Mor�gage�nsurance premiums, �f any, or any sums payab�e by Borr�v�rer�a Lender in l�eu of the payment af Martgage�nsurari�e premiums in accordance v�vit�i the pr��risians of Section 14. These it�ms are ca�led "Escr�v�r�terns." At origination�r a� any time during the term of the Loan, Lender may require that�ommunit�r Association I]ues, Fees, and Assessmen�s, �f any, be escrowed by Borrower, an.d such dues, fe�s and asses�ments shall be an Es�row ��em. �arrawer shall pramptiy fu�nish tv Lender al�no�rces of arnaur��s ta be paid ur�c�er this S�ctian. Borrower shail pay Lender�he Funds f�r Escrow�tems unless Lender vva�ves Borrower's obligation�a pay the Funds far any ar a��Escraw I�erns. Lend�r may waive Barrovver's abl�gatian to pa�to Lender Funds for any ar a�1 Escrovv�te�xxs at any t�rne. Ariy such wa�ver may�niy b��n vvriting. In�he event Qf such�vaiver, Borrower sha.l�pay d�rectly, v�hen and where payable, �he amflunts due for any Es�row�tems for which paymer�t of Funds has been wai�ed by Lender and, rf Ler�d�r requires, shali furnish tQ Lender receipts ev�denc�rig such paymen�with�n such t�me per�od as Lender may require. Borrovtrer's��gation to make such paymen�s ar�d ta pro�ide re��pts sha11 for al� purpases be deerned�o be a covenaxat and agreenn.ent contai�ed in this Secur�ty Instrumen�, as�h�phrase "cov�nan�and agreement" �s used�n Section�. �f Borrawer is obl�ga�ed ta pay Escrow�t�rns direc�ly, pursuant to a vtrai�er, atad Barrower fails�a pay�he am�unt due for an Escrow Item, Lender may exercise i�s r�ghts under Sectian 9 and pay such amaunt and Borravtrer sha11�hen be�b�igated under Sectian 9 ta repay to Lender any such amoun�. Lender may r��oke the wa�ver as t�any or a�� E�cr�v��tems a�any t�m.e b}r a notice grv�n in accordance with Sectian 15 and, . upan suc�i revacation, Borrower shal.l pay to Lender aI� Funds, and in such am�un�s, that are�hen required u.nd�r t�.is Sect�an 3. Lender may, at any time, �allect and hold Funds in an amflunt�a}suff cient to permit Lend�r to app�y�he Funds at th�tirne�pecif ed under RESPA, and�b� n�t to exceed�he maximum amount a l�nder can require und�r RESPA. Lender shal� estimate�h�amount of Funds due�n�he ba.sxs of current data and r�asonable es�imates of expenditures af future Escrovv�tems ar other`nris�in accor�ance with Applica�l�Law. 88��6854�5 88p�585�95 NE6RA5KA-Single�'amily-Fann�e M aelFreddie M ac UNIF�RM fNSTRUM ENT WITH M ERS F�rm 3028�10� VM P[�} VMPSA�NE}(9 3�2} W niters Kluw er Financ�al 5er�ices p��rt��