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� ��15�58�4 . 2. Applrcatian af Payments or Praceeds. E�ccept a.s otherwise described in this Sec�ion 2, atl payrnents accepted and applied by Lender shall be app�ied in th�foliowing arder af priarity: (a}interest due under the l�Tate; �b�princzpal due under the l�ote; ��}amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which xt becaine due. Any remaining amounts shall be applied f rst to Iate charges, second�a any other amounts due under this Security Instrument, and�hen#a reduce the principal balance of tihe l�Tote. � If Lender receives a paymen�from Barrower for a delinquent Periodic Payment which includes a sufficient amount to pay any Iate charge due, the paymen�may be applied to�he delina�uent payment and the�ate charge. If mare than one Periodic Payment is outs�anding, Lender may appl�ar�y payment recei�ed from Borrower to�he repayment of the Periodic Pa�ments if, and to the extent�hat, each payment can be paid in full. To the ex�ent fhat any excess exists after the payment is applied to the fui�payment af ane or more Perivdi�Payments, such exGess ma�be applied to an�late�harges due. �olun�ary prepayments sha�l be applied f rst to any prepayment charges and fhen as described in the Note. Any application of payments, insurance praceeds, or Miscellane�us Proceeds to principal due under the Note shatl not exfend or postpone the due date, or change the amount, of�he Periadi�Payments. 3. Funds for Escraw I�ems, Borrower shali pay t�Lender�n the day Periadic Payments are due under#he Note, until the I�Io�e is paid in full, a sum�the"Funds"}fo provide for payment af amounts due for: �a}taxes and assessments and other items urhich can attain priority o�er th�s Security Instrument as a lien or encumbrance on�he Praperty; �b}leasehald payments ar gr�und rents on the Property, if an}�; �c�premiums for any and alI insuran�e required by Lender under Section 5; and(d}Mortgage Insurance premiums, if any, ar any sums payable by Borrower to Lender in lieu of the payrnent of Mor�gage Insurance premiums in accordance with the provisions of Sectian I D. These items are catted "Es�row Items." At origination or at any time during the�erm�af the Laan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be escrowed by Barrower, and such dues, fees and assessments shall be an Escrovv � Item. B�rrower shall promptly furn�sh to Lender a�l nat�ces of amaunts t�be paid under#his Section. Barrower shall pa}�Lender the Funds for Escraw Items untess Lender waz�es Borrower's obligatian ta pay the Funds far any ar ail Escraw I�ems. Lender may waive Barrower's obligatian to pay�o Lender Funds for any ar aII Escraw I�ems at any time. Any such wai�er rnay anly be in writing. rn�he e�en�of such waiver, Borr4wer shall pay direc#iy, when and where payable, �he amounts due f�r any Escraw Items for which payment of Funds has been waiWed by Lender and, if Lender requires, sha�I furnish to Lender receipts e�idencing su�h payment within such time perivd as Lender may renuire. Barrower's obligatian to make such paym�nts and to pro�ide receipts shall far all purposes be deemed to b�a co�enant and agr�ement . con�ained in this Security Instrument, as the phrase "c�venant and agreement" is used in Sec�ion 9. If Borr�vrrer is obiigated ta pa}�Escro�r rterns directty, pursuant to a�aiver, and Borrower fai�s to pay the amount due far an Escraw Item, Lender may exercise its rights under.S�ction 9 and pay such amount and � Borrawer shail then be obZigated under Section 9 tv repay to Lender any such amount. Lender may re�oke the waiver as to an�or alZ Escrow rtems at an�time by a no�ice gi�en in accordance with Section 15 and, upan suc�a reWocation, Borrower shall pay ta Lender aIi Funds, and in such arnounts, that are then reauired under this Section 3. Lender may, at an�time, collect and hold Funds in an arnount�a}sufficient to perrnit Lender ta appty the Funds a�the time specified under RESPA, and(b}not�o exceed th�maximum amount a Iender can r��urre � under RESPA. Lender shall estima�e�he amaunt of Fund�due on the basxs�f current data and reasonable es�imates of expenditures af future Escrow Items or otherwise in accvrdanc�with Applicable Law. 15�9?4�$4 Oa91936724 NEBRA51(A-5ingle�amily-Fannie MaelFreddie Mac UNIFORM 1NSTRllMENT WlTH M�RS Form 3��8 11D1 VMP C� VMP6A(NE)('13�2).DQ Walters Kl�awer Finar�cia�5ervices , Fage 5 of�7