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��15�585� 2. Appli�ativnof Payments or Proceeds.Except as otherwise described in this Section 2, all payments a�cepted and applied by Lend�r shall be applied in the fo�lowiag order of priority;�a)interest due under the Nate;�b)principal due under the Nate;�c)amounts due under Section 3. Such payments shall b�app�ied tfl each Periodic Payment in the order in which it became due.Any remaining amounts shall be applied first to late charges,second to any other amounts due under this Securit�r Instrument,and�hen to reduce the principal balanc�af th�1Vote. If Lender recei��s a payment frorn Borro�v�r far a delinquent Periodi�Payment�vhich inctudes a sufficient amaunt to pay an�la#e charge due,th�payment may b�apptied to the delinquent payment and the 1at� charge.If mare than on�Periodic Payment is outstand�ng,Lender may apply an�payment receiVed it-om Borrow�r to the repayment of the Periodic Payrnents if,and to the extet�t that,ea�h payment can be paid in full,Ta the extent that any excess exists af�er the payment is applied to the fu��pa�ment of one ar m�re Periadic Payments,such excess may�e applied to any Ia�e charges due.Voluntary prepayments shall be applied first to any prepa�rment charges and�h�n as�escrib�d in the Note. A�iy�pplication of payrnents, insuranc�proce�ds,ar Mis��llaneous Prac��ds ta principal due under the Nat� sha��not extend or postpone the du�date,or char�ge the amount,of the Periodic Payments. 3. Fundsfor Es�row Items.Sorra�ver�hall pay to Lender on the day Periodi�Payments are due under the Nate,untii the�ate is paid in full,a sum(the"Fun�is"}to provide for payment of amounts due far: (a)taxes and as�essrnents and�ther items which can attain priority aver this Security In�trument a�a lien or encumbranc�on the Property;(b�1eas�hQld paym�nt�or gr�und rents�n th�Property,if any;(c}premiums fo�any and all insuranee reyuired�y Lender under Section S;and�d}Mortgage Insurance premiums,if any, or any�ums payable by Borrower to L�nd�r in�i�u af th�paym�nt of Mvrtgage Insuraaee premium�in ac�ordance�vith the provisians of Sectian �U.These it�rn�are�ailed"Escraw Items."At ariginat�an or at any time during the term of the Loan,Leader may reQuire�hat Cammunity Assaciation Dues,Fees,aa�i AsseSsmen�s, if any,��scrowed by Borra�ver,anc�such du�s,f�es and asses�ment�sha11 be an E�Grovv Item.Borrower shail promptly furnish ta Len�er al1 not�ces of amounts to be paid under this Section. Borrower�ha11 pay Lender the Funds for Escrow Items unless Lender waives Borro�er's ola�igatioa to pay the Funds for any ar all Escrat�Items. Lender may waive Borrdwer's o��igation to pay to Lender Funds for any or al�Escr�w 7tems at an�time.Any such waiwer ma�only be in wri�ing.In the e�ent of such wai�er, Borrawer�hall pay dir�ct�y,wh�n and�vher�payab�e,the amounts due for any Es�row Items for which payment of Funds has b�en wai�ed by Len�ier an�I, if Ler�dcr requires,shail furnish to Lender receipts evidencing such payment tvithin su�h time perio�as Lender rnay require. Borrower's�bligation to make such payments and to provid�r�ceipts sha�l for all purposes be deem�d to be a covenant and agreem�nt caatained in this Security Instrument,as the phrase"c�venant and agreement"is used in 5ection 9. If Borrower i�obligated to pay Escrow I�em�directly,pursuant ta a�aiver,and Barr4wer fai1�ta pay the amount due far an Escraw I�em,Lender may exercisc i#s rights under Secti�n 9 and pay such amount and Borro�ver shail then he obligated under 5ection 9 to repay ta Lender any such arnount.Len�er may revoke the wai�e�a�to any or all Es�row Items at any time�y a natice given in accordance with�ecti�n 1 S and, upon such re�ocation,Bor�rower sha�l pay to Lender�.�1 Fu��ds,and in�uch amounts,that are then required und�r this Secti�n 3. Lender may,at aay time,collect and hold Tund�in an amaunt(a�sufficient to perrnit Lender tv apply the runds at th�tirn�sp��if ed uttde�RESPA,an��b�no�to exceed t�he ma�irnu�amaunt a l�nder can��uire un�ler RESPA. Lender�hall estirnate the am�unt�f Funds duc on the ba�is of current data and reasanable �sti3mates of�xpend�tures of futu��Es�ro��Items�r otherv�ise in accordance with Applicabie La�. N�BRASKA-�i�gle Fami4y-Fan�ie MaelFreddie Ma�UNtF�RM 1NSTRLI4�ENTINITH MERS Fvrm 3�Z8 114'� VMP� VMPfiA(NE]{13D2].aQ Woiters Kluwe�Financial 5ervices Page 5 flf'!7 qo33��o$� 0�33 �� asi�