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2� 1 ��38 2. Applicationaf Payrr�ents or Proceeds.Except�.s ot�.e�ise deSGribed in th�s Section�, a11 payments accepted and applied by Lender shall be applied in the follvwing order of prinrity: (a}interest due under the Note;�b}principal due under the Note;�c}�maunts due und�er Secti�n 3. Su�ch paym�nts sh�ll be appli�d to �ach Periodic Payment in the�rder in which it beeam�due.Any remaining amounts sha11 be applied fust to late charges, second t�any other�maunts due under�his Security Instrument,and then�o reduce the principa�balance of the No�e. If Lender receives a payment from Borrower for a delinquent Periodi�Payment wh�ch includes a sufficient amount to pay any late charge due,the pa�ment ma}��e�p�l��to the delinquent payment and th�late charge. If more than one Periodic Payment is outsta.nding,Lender may appiy any payment received fram Borrower t�the repayment of the Period�c Pa�n�ents if,and to t�.e extent that, each payment�an be paid in fu��. To�he extent that an�ex�ess ex�sts after the payment xs applied to the fu11 payment of ane or more Periodic Pa�ments,such excess may be app�ied�o any late charges due.Volunta.ry prepayments shall be agp��ed fust tv any prepayment charges and then as described in the Note. Any application af paym�nts, insu.rance proceeds,or Miscellaneaus Proceeds to principal due under the Nate sha�l not extend or postpone the due date,or change t��a��our�t,af the Periodic�'a��ents. 3. Fundsfvr Eserow Items. Borrower sha11 pay to Lender on the day Periodic Payments are due under the Note,unti�the Note is paid in full,a sum(the "Funds"�to provide for payment of amour�ts due for: (a}ta.xes and ass�ssmen.ts and other item�which can attain�riority over�his Security Instrument as a lien or encumbrance on the Property;(b}leaseh�ld payments or graund rents an the Property, if any; (c}premiuxns for any and a11 insuran�e required by Lender under Sectivn 5;an��d)N�ortgage Insurance pre�iun�sA if any, or any sums payable by Borro�er to Lender in lieu of the p�yment af Mortgage Insurance premiums in acc�rdance v�ith t��pro�isions of Section �Q.These items are cal�ed"�scr�v�Items."At ariginatio�ar at any time during the terna of the Loan,Lender may r��uire that C�mmunity Associa�ion Dues, Fees,and Assessments, if any,be escro�e��y Borro�ver,anc�such dues,fees and a�sessments shall be an Escrow Item. Borrower sha��promp�ly furnish to Lender a�l notices of amounts t�be paid under this Se�tion. Barrower�hall pay Lend�r�he Funds for Escrow Items un��ss Lender wai�es Borrower's obligation ta pay the Funds far any or aIl Escrow Items. L�nder m�y wai�e Bortower's obligation to pay to Lender Funds for any or a�t Escrow Items at any time.Any such wai�er may an�y be in writing. In tbe event of such�vai�erA Borrower sha11 pa�directly,when and where payable,the amounts due for any Escrow Items for which payment of Funds has been wai�ed by Lender and, if Lender requir�s, sha11 furnish�o Lender receipts ev�dencing such payment within such time period as Lender may require. Bono�ver's obligatian to make such payments and to pro�ide r�ceipts sha��for a�l purposes be deemed to be a covenant and agre�ment contained in�his Security Instru.ment�as the phrase "covena�.t and agreement" xs used in Section 9, If Borrow�r is obligated to pay Escrow Items directly,pursuant to a wai�er,and Borrower fai�s to pay the amaun�due for an Escr�w item,Lender may exercise its rights under Section 9 and pay such an�ount and Borrower sha��then be obligated under Section 9 to repay tv Lender any such amnunt, Lender may revake tbe wa�ver as to any or a�l EscroUv Items at an�t�rne by a notice given in a�cordan�e v�ith Section 1 S and, upon suc�revocation,Borrovver shai�pay t�Lender a��Funds,an.d in such amounts,that are then required under this Section 3. Lender may,at any time,collect and h��d�unds in an amount�a)sufficient t�permit Lender to apply the Funds at the time specified under RE�PA,and(b}not to exceed the maximum amount a lender can require under RESPA. Lender sha11 estimate th�amaunt of Funds due�n the basis of�unent data and reasona.b�e estimat�s of exp�nditures of future Escrow Items or otherwise in accordance�vi�h Appli�able Law. NEBRASKA-Single FamiEy-Fanr�ie MaelFreddie Ma�IJIVIF�RM INSTRLIMENT WITH MERS Farm 3��8 1141 VMP� VMPSA(NE](1342}AQ Wolte�°s Kluwer Fi�ar�cia�Servi�es Page 5 of 17 q�3349649671 �233 253 �517