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��15�4�14 2. App�ication �f Paymsnts vr Prv�eeds. Ex�e�t as�thervvise described in this 5ec�ion�, all pa}�men�s a�cepted and appli�d by Lend�r shall b�applied in the fo�Iowing vrder of privrity: �a}interes�due und�r the Nvte; �b�principal due under the Nv�e; �c� amounts due under 5ection 3. Such pa.yments shall be appli�d to each Periodi�Pa�ment in�he order in which i�became due. Any remain�ng amoun�s shal��e ap�li�d first to 1a��charges, sec�nd t�any oth�r am�unts due under this Se�urity Instrumen�, and�hen�o redu�e�he princi�al ba�ance of the Nfl�e. If Lender receiv�s a paym�nt frona Borro�er far a delinquent P�riodic Payment which inc�ud�s a suff'�cient amount t�pay any late�harge due, the paym�nt may be appl�ed�o the deliriquent payment and�he late charge. If m�re�han one Periodi�Payment is au�standing, Lender ma�r app�y any paymen�received fram Borrower to the repayment af�he Periodic Pa�men�s if, an.d t��h�extent that, ea�h payment can be paid in full. To the extent that any ��cess exists aft�r�he paymen��s applied to the full payment�f one or mare Peri�dic Paymen�s, such ex��ss ma�be applied t�any l�te charges du�. Vo�watar�pr�paymen�s sha11 be applied firs��o an}�prepayment�harges and then as described in the Note. Any app��a�ion of payments, insurance proceeds, ar M�scellan�ous Proceeds t�prin�ipal due under the N�te sha�l nat extend or p�stpone the due da�e, or change the amount, of the P�riodic Payments. 3. Funds fvr Es�raw Items. Borrov�er sha11 pay t�L�nder on the day Periodic Pa�men�s are du�under the Note, un�i1 th�Note is paid in fu�l, a sum�the "Funds"�to provide for paymen�of am�un�s due for. �a}taxes and ass�ssments and other it�ms wh��h can at�ain prior�ty over this Se�ur�ty Instrument as a lien vr en�umbran�e�n th-e Property; �h� leas�hvld paymen�s ar ground ren�s on th�Property, xf any; �c}premiums for ax�y and a��insurance required by Lender under Sectian 5; and�d�Mflrtgage Insurance.premiums, if any, or an}�sums payable hy B�rrawer to Lender in lieu af the payment af Mvrtgage Insuran�e premiums in ac�ordance with the prnvisi�ns of S�ction 1�. Th�se�tems dre called"Escrov�Items." At�rigina�ion flr at any time during the�erm af the Loan, Lender may require�hat�ammunity Assa�iat�on Dues, Fees, and Assessmen�s, if any, be escrvwed by Bvrrower, and su�h dues, fees and assessments sha11 be an Es�row Item. Borro�ver shall prompt�y furnish t�Lender a11 notices flf amoun�s to be paid und�r th�s Section. Borrow�r sha1�pay Lend�r th�Funds f�r Es�raw Items�un�ess Lender wai�es Borrower's obl�ga�ion to pay �he Funds fflr any ar a��Escrvw Items. I�ender may vvaive Borro�er's abligation t�pay to L�nd�r Funds for any or a�l Es�row Items at any txme. Any su�h wa�ver may only be in writing. In��e event of such wa�ver, Borro�er sha11 pa� dire�tly, v�hen and where payable, �he am�unts d�ze fvr any Escrov��tems for v�hich payment of Funds has been waived by Lend�r and, if Lend�r requires, sha��furnish�o Lender rec�ipts evidencing such payment wi�hin such tvn�period as Lender may requ�re. Borrower's�bliga�xvn to mal�e � such payments and to pravid�receipts shall far aII purpas�s be deemed tv be a cov�nant and agreement cvn�ained in�his Security Instrument, as�he phrase "covenan�and agreemen�" 15 i15�C�Iri S�CtI.UIl�. If Borr�wer is obligated tv pay Escrow Items d�rectly, pursuant to a waiver, and Bvrro�er fails to pay the a.mount du�for an Escrovv Item, Lender may exercise its righ�s under Se�tion 9 and pay such amount and Barrovt�er sha11�hen be�bli�ated under Sectian 9 to repay to Lender any such amourit. Lend�r may revoke �he wa�ver as ta any or a11 Escrav�Items at any��me by a nutY�e given in accordance with Section 15 and, upon such re�o�ation, Borrovver shall pay to Lender a11 Fu.nds, and in such amo�n�s;�hat are then requ�red under�his Sect�vn 3. Lender may, at any time, c�ll�ct and hold Fu.nds�.n an amount�a� sufficient.to permit Lender to apply the Funds at the time sp�cified under RESPA, and�b}not to exceed�he maximum am�unt a lender can r�quire under RESPA. Lender shall esti.mat�tlie amaunt of Funds due on the basis�f curren�da��.and reasonable estimates of expenditures vf futur�Escrov�I�ems or othervvise in a��ardanc��th Appli�able Law. . . ; 2�15�2fi79427 '��00497000'1244793❑ � ❑9�3 NEBRASKA-Single Family-Fannie MaelFreddie Ma�L1NIF�RM IN5TRLIMETIT WITH'MERS , � Form 3028'1I0� VM P Q , VM P6A�NE�['I 302) Wolters Kluw�r Fnancial Services , 6l8f2fl"l 5 . , �2:33 PM Page 5 af�? _ L '