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2� 1 �� 13� 1 �. Applicationof Payments or Proceeds.Except as otherwise deser�bed in this Section 2, al�payments aecepted and app��ed by Lender sha1�be applied in the following order of priqrity: (a}interest due under the N�te; �b}principal d�e under�he 1�Tote; (c�amounts due under Section 3. Such payments sha11 be applied to each Periodic Payment in the order in�vhich it became due.An�remaining amounts sha�1 be applied first to �a�e charges, second to any other amounts due under this Security In�trument,and the�to reduce the princ��al balance of the Note. If Lend�r receives a payment frnm Borrower for a delinqt�ent Periodic Paymen�which includes 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 one Periodic Payment is outstanding,Lender ma�r apply any payment rece��ed from Borro�ver�o the repayment of the Periodic Payments if,and to the extent that, each payment can be paid in fu11. To the extent that any excess�xists after the payment is applied to the fu11 payment of one or more Periadic Payments, such excess may be applied to any late charges due.�oluntary prepayments sha11 be applied first to any prepaym�nt charges and then as described in the Note. Any application of payments, in.surance proceeds,or Miscellaneous Proceeds to principal due under the Nvte sha11 not extend or postpone the due date,or chang�the amount,of the P�riodic Payments, 3. Fundsfor Escrow items.Borrower sha11 pay�o Lender on the day Periodic Payments are due under the Note,until the Nate is paid in full,a sum(the "Funds"��a provide for payrrient of amounts due f�r: (a}taxes and ass�ssments and other items which can attain priority over this Security Instrument as a lien ar encumbrance on the Pr�perty; (b}leaseho�d payments or gr�und re�.ts on the Froperty, if any; (c�pr�rniurns for any and a�l insurance required by Lender under Section 5;and(d��vrtgage Insurance premiums, if any, ar any sums�ayable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordanee with the prov�sions of Se�tion ��.These items are called"Escrow Items."At origination or at any time durin�the�erm�f the Loan,Lender may require that�ommunity Association Dues,Fees,and Assessments, if any,be escro�ed by Borro�v�r,and such dues, fees and assessments sha11 be an Escrow �tem. �orrower sha11 promptly furnish to Len.der all notices of amounts to be pa�d und�r this Section. Borro�er sha11 pay Lender the Funds for Escrow Items unless Lender waives B�rrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for any or a11 Es�row Items at any time.Any such waiver may on�y be�n writing. In the event of such wai�er, Borrower sha�1 pay direct�y,when and where payable,the�mounts du�for any Escro�v�tems for which payment of Funds has been�vaived by Lender and, if Lender r�quir�s, shall fumish to Lender reeeipts e�idencing such pa�ment tivithin such�ime per�ad as Lender ma�require. Borrower's obligation to make su�h paym�nts and to provide receipts sha11 far all puiposes be deemed to be a covenant and agreement contained in this Security Instrument,as�he phrase "covenant and agreemen�" is used in Sec��on 9. if Borrower is obligated to pay Escrow Items directly,pursuant�o a waiver,and Bor�rower fails�to pay the amount due for an Escrovv Item,Lender may�e�erc�se its rights under Section g and pay such�.mount and Borro�ver shall then be ob�iga�ed under Section 9 t�repay to L�nder any such�mount. Lender may re�oke the waiver as to any or a11 Escrow Items at any time by a notice given in accordance with 5ection 15 and, upon suGh revocation,Bonower shall pay to Lend�r a11 Funds,and in such amounts,that ar�then requir�d under this Section 3. Lender may,at any time,collect and hold Funds in an amount(a}suff'icient to permit Lender to apply the Funds at the time specified under RESPA,and(b}not�o exce�d the maximum amount a�ender can require under RESPA. Lender shall e�timate the amount of Funds due an the basis of current data and reasonable estimat�s of expenditures of fut�.�re Escrow Item�or oth�rwise in aecordance with Applicable Lavv. NEBRASKA-Single Family-Fannie MaelFreddie Ma�uNIF�RM INSTRUMENT WITH MERS Form 3028 1141 VMP� VMP6A[NE}(1342}.4� �Illo�te�s Kluwer Financial Services Rage 5 of 17 q03351964z63 4233 328 �517