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2� 1 ��514 �. App�i�ationvf Payments or Praceeds.Except as otherwise described in this Section 2, a�1 payments accepted and app�ied by Lender sha�l be applied in�he following order of priority: (a}interest due under the Note; (b}principal due under th�No�e; �c)amounts due under Section 3. Such payments sha11 be appli�d to each Periodic Payment in the arder in which it became due.Any remaining amounts sha11 be applied fust to late charge�,second to any other amounts due under thi�Security I�s�rument,and then to redu�e the principal balance of the Note. If Lender rec�i�es a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amaunt to pay any late charge due,the payment may be applied to the delinquent payment and the late charge. If mor�than one Periadic Paymen�is autstanding,Lender may apply any payment recei�ed from Borrower to the repayment of the Periodic Payments if,and ta the extent that, each payment can be paid in fu11. To the extent that any excess exists after the payment is applied to the full payment of oae or more Periodic Payments, such excess may be app�ied to any�at�charges due.Voluntary prepayments sha�l be applied fust to any prepayment chaxges and then as described in the Note. Any applicat�on of payments, insurance proceeds,or Miscellaneous Proeeeds to principal due under the Note sha�1 not extend�r postpone the due date,or change the amount,of the Periodic Payments. 3. Fundsfvr Escrow ltems.Borrower sha11 pay to Lender on the day Periodic Payments are due under the Not�,until the Note�s paid in fu�1,a sum(the "Funds"}to pro�id�for payment of amouats due for: (a}taxes and assessments and other items which can attain prior�ty over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c)premiums for any and a11 insurance required by Lender under Section 5;and(d}Mortgage Insurance premiums, if any, ar any sums payable by Borrower to Lender in�ieu af the paymen�of Mortgage Insurance pr�miums in accordance with the pro�isions of Sectian 1�. These items are ca�led"Escrow I�ems."At origination or at any time dur�ng the term of the Loan, Lender may require that�ommunity Association Dues,Fees,and Assessm�nts, �f any,be escrowed by Borrawer,and such dues, f�es and assessments shall be an Escrow Item. Borrower sha��prompt�y furnish to Lender a11 notices Qf am�unts to be paid under this Section. Borro�tuer sha11 pay Lender the Funds for Escrovv Items unless Lender wai�es Borro�uer's obligation to pay the Funds for any or a�I Escrow Items. Len�er may vvaive Borrower's abligation to pay to Lender Funds for any ar all Escrow It�ms at any time. Any such waiver may only b�in writing. In the e�ent of such wai�er, Bonower sha11 pay directly,when and�uhere payable,the amounts due for any Escra�v Items for which payment of Funds has been waived by Lender and, if Len.der requues, sha11 furnish to Lender receipts e�idencing such payment within such time period as Lender may requue. Borrower's obligation to make such payments and to pravide receipts sha11 for all purposes be deemed to be a covenant and agre�ment conta.ined in this Security�nstrument,as the phrase "covenant and agreement" is used in Section 9. �f �orrower is obligated ta pay Escrow I�ems directly,pursuant to a waiver,and Borrower fails to pay th� amount due for an Escro�v Item,Lender may exercise its rights under Section 9 and pay such amount and Borrower sha11 then be ob�igated under Se�tion 9 to repay to Lender any such amount. Lender may revoke the vvai�er as to any or a11 Escro�Items at any time by a natice given in accordance vvith Section 15 and, upon such revocation,Borrov�er shal�pay to�ender ali�unds,and in such amounts,that are then required under this S�ction 3. Lender�nay, a�any time,collect and ha1�Funds in an amouat(a}sufficient to permit Lender t�apply the Funds at the time specif�ed under RESPA,and(b)not to exceed the maximurn amount a lender can require under RESPA. Lend�r sha1�estimate the amount af Fund�due on the basis of current data and reasonable estimates of exp�nd�tures af future Escrot�v Items ar other�vise in accordance 1tvith Appli�able Law. NEBRASKA-�ingle F�mify-Fannie MaelFreddie Mac LINIFORM 1NSTRUMENT WITH MERS Form 3428 1101 V�p� VMPfiA[NE}(13D2}.�4 Wniters Kiuwer Financiai Sefvices Page 5 of�7 q�3351��2 �233 238 0517