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� 2� 15�7�73 Z. Appli�ationof Payments vr Praceeds.Exce�t as otherwise described in this Sec�ion 2, all payments accepted and applied by L�nder sha11'be applied in the followxng arder of priority: (a) interes�due under the Note;�b�principal due under th�Note; (c}amounts due under Section 3. Such payments sha11 be applied to each Periodic Paymen��n the arder in which it became due. Any rema�n�ng amounts sha��be applied f�rst to late charges,s�Gond to any other amqun.ts due under this Security Instru�ent,and the�to reduce the princ�pal balance of the Note. If Lender receives a payment from Borrower for a delinquent Period�c Payment v�hich inc�udes a sufficient amount to pay any late charge due,the payment may be applied to the delinquent payment and the late charge. If more than o�.e�eriodi�Paymen�is outstanding,L.ender may apply any payment reGei�ed from Borrower to the repayment of the PeriQdic Payments�f, and ta�he extent that,each payment can be�paid in fu��. To the ext�nt that any excess exists after the payment is app�ied to the fu.��pa�ment of one or more Period�c Payments, such excess may be appl�ied to any lat�charges due. Voluntary prepayments sha11 be applied f�rst to any prepayment charges and then as described in the Nate. Any apptication of payments, insurance pr�ceeds,or Mis�ellane�us Proceeds to principal due under�he Note sha�t not exten.d or p�stpone the due date,or change the amount,of the Periodi�Payments. 3. Fundsfor Escrow Items.Borrower shal�pay to Lender an the day Periodic Payments are due under the Note,unt�i the Note is paid in full,a sum�the "Funds"�to pr�vide for payment of amounts due for: (a)taxes and assessments and other items which can attain priorrty over th�s Security�nstrument as a lien or encumbrance ota the Property; (b}�easehold payments or ground rents on the Pr�perty, if any; (c}premiums for any and a11 insurance required by Lender under Section 5;and(d}Mortgage I�surance premiums, if any, or any sums payable by Borrower to Lender in lieu of�he payment�f Mortgage Insurance prem�ums in accordance w��h the prQvisions of Section 10. Th�se items are cai�ed"Escrow Items."At origination or a� any time during the term af the Laan,Lender may require that Commun�ty Assaciation Dues,Fees,and Assessments, if any,be escrowed by Borrow�r,and such dues, fees and assessments shall be an Escrow �tem. Borrovver sha11 promptly furnish to Len.der all notices of amounts to be paid under this Section. Borrower sha��pay Lende�'the Funds for Escrow Items unless Lender wai�es Borro�ver's abligatian to pay the Funds for any or a11 Escra�v Items, Lender may�vaive Borrower's ob�igation ta pay to Lender Funds for any or all Escrow Items at any time.Any s�ch�va�ver may vnty be in writing. In the event of such wai�er� Borrower sha11 pay duectly,�vhen and where payable,the amflunts due for any Escro�Iterns for which payment of Funds has be�n�vaived�y Lender and, if Lender requires,sha1�furnish to Lender receipts evidencing such payment�vi�hin such t�me period as Lender may requir�. �orrower's obl�gation to r�ake such pa�ments and to pro�ide rec�ipts sha��or al�purposes be de�med to'be a covenant anc�agr�em�nt �on�ained in this Security Instrument,as the phrase "cavena�.t and agreement" is used in Sect�on 9. If Borrow�r is ob�igat�d�o pay Escrow Items dir�ctly,pursuan�to a vvaiver,and Borrower fails�o pay the amount due for an Escrow��em,Lender may e�ercise its rights under 5eetion 9 and pay such amount and Borrower sha11 then be obligated under Sect'ion 9 t�repay to Lender an�such amount. Lender may revoke th�waiver as to any or a11 Escrow Items at any�ime by a notice given in accordance v�ith SeGtian 15 and, upon such revocation.,Borrower sha11 pay to�.ender al�Funds, and in such amounts,tha�are then required under this Section 3. . Lender may,at any time,collect and ho�d Funds in an amount(a}sufficient to pern�it L�n.der to apply the Funds at the time spec�fied under�.ESPA,�nd(b�not to�xceed the maximum am�un�a lender can require under I�.ESPA. Lender sha�l estimat�the amount of Funds due vn the basis af current data and reasanable estimates of expenditures o�futlare�scrow Items�r otherwi�e in ac�Qrdance with Applicable i�a�u. NEBRASI�CA�ingle Family-Fannie MaelFreddie Ma�UNIF�RM INSTRUMENT WITH MERS Forni 3�28 1101 VMP� VMPfiA�NE}(�342}_44 Wolters Kluwer Finar�c�al Services Page 5 af 17 q�3347G98757 p233 382 �517