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2� 1 �� 1 �75 2. Applicationof Payment�or Proceeds.Exc�p�a�otherwise described in th�s Section z, a11 payments a�cep�ed and app��ed b�Lender sha��be app��ed�n t�.e fQ�Io��n.g order of pr�or�ty: (a}�n�erest due under the 1�1�ote; (b}�rincipal due under the Note; (c}amounts due under Section 3, Such paymer�ts sha1�be applied to each periadic Payment in th�order in which it became due.Ariy remaining amounts sha11 be applied first to late charges, secon�d ta any other amounts due under this Security Instrumer�t,and t�e�a to reduce the principal balance of the Not�. If Lender Fecei�es a�a�ment fram Borro�ver for a delinquen.t Periadi�c Payme�nt tiv�iich in�lude�a s�f�cient amount to pay any 1a�e charge due,the payr�n.en�may be applied�o the delinquent gaym.ent and the late charge. �f more than one Periodic Payment�s autsta.nding,Lender may appl�any paynnent rec�ived from Borrower to the r�payrnent of��.e�'��iodic Payments if,and ta the exte�.t��at, each payment ea�.be pa�d Yn fu11. To the extent that any excess exists after the payment is applied to the fu11 payment of an�or more Period�c Payments, such excess may be app�ied to any late charges due.Voluntary prepayments sha11 be a�plied f�rst to any prepaymen�charges and then as described in t�e IVote, Any application of pa�ments, insurance proceedsA or MiScellane�us Proceeds to prin�xpal due under the Note s�a��ot extend ar postp�ne the due da��,Qr cha�ge the a�o�nt,of the Per�od�c Paymen.ts. 3. Fundsfar Escrow It+�ms.Barrower shall pay to Lender on the day Periodic Payments are due under the Nate,unti�the No�e is paid in fu�1,a sum�the "Funds"}ta provide for payment of amounts due for; �a)�axes and assessments and oth�r items which can attain priarity over this Security Instrument as a�ien or encumbrance on the Property; �b}leasehald payments or graund rent�on the Aroperty, if any; (c}premiums for any and all ins�rance re�uired by Lender under�ection 5;and�d�Mor�gage Insuranc�premiums, if an�, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance pr�miums in a�c�rdan�e with the pro�isions of Section ��. These items are called"Escrow Items."At ori�ination or at a�y�ime�urxng the terr�of th�Loan,Lender ma�requi.�'e�hat Corr�rr�un��Assocxat�on Dues, �'ees,and Assessments, if any,b�escrowed by Borrower,and such dues, fees and a�sessments sha11 be an Escrow Item. Borrower sha��promptly furn.ish to Lender all notices of amounts to be pa�d under this S�ction. Borro�er sha11 pay Lender the Funds for�scrov��tems unless i,end�r waxves F3orrower`s ob�ig�.tion ta pay the Funds far any or all Escrav�Items. Lender may�ai�e Barro�ver'�obligation t�pay to Lender Funds for any or all Escrow�tems at any time.An�sueh waiver may only be in writing. In the event af such waiv�r, Borr�v�rer sha11 pay directly,when and where payable,the amounts due for any Escravv Items for whic� payment af Funds has been waived by Lender and, if Lender requires,shal�furnish to Lender receipts e�idencing such payment within such time peri�d as Lender may requi.re. Borrower's obligati�n�o make such payments and to provide recerpts sha11 for al�purposes�e deemed to be a cavenan�and agr�ement contain.ed in this Security�nstrument,as th�phrase "co�enant and agreement" is used in Sectian 9. If Borrower i�obligated to pa.�Escro�v Items directl�,pursuant to a wai�rer,and Borro�ver fails to�aay the amount due for an Escrow Item,Lender may exercise its rights under Section 9 and p�y such amoun.�and Borrower sha11 then be obligated under Section 9�o repa�to Lender any such amount, Lender may revoke �he waY�er as to an�or a��scro�v�tems at an�t�m��a n.ot�ce g�ve�.�n accordan�e�v�th Sect�o�. �S and, upon such re�acation,�orrawer sha�l pay ta Lender a11 Funds,and in such amounts,that are then required under this Section 3. Lender rnay,at any time,co��ect and hold Fund�in an amount(a)sufficient to permit Lender to apply the � Funds at the time specified under RESPA,and(b}not to exceed�he max�mum amount a lender can require under RESPA.. Lender shall estimate the amount of Funds due on th�basis of current da�a.and reasonab�e estima�es�f expenditur�s of future Escrow Items�r o�herwise in accordance tivith Applicable Law. NEBRASKA-Single Family-Fannie MaelFreddie Mac�lV1F�RM INSTRUMENT WITFi MERS Form 3Q28 1141 VAAP C� VMPBA(NE)(1342)AD IAlolters Kluwer Financial�ervices Page 5 of 1 T qQ33534�2542 0233 2�7 O�la