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2� 1 �� 1 �7� the t�me such payments are accepted.If each P�riodic Payment is appli�d as vf its scheduled du�date, then Lender need not pay inter�st on unapplied fi�nds.Lender may holc�such unapp�ied funds unti� Borr�wer makes payments ta bring the Loan current.If Barrower does not do so within a reasonabl� per�od of time,Lender shal�either apply such funds or return them to Borrawer.If not app�ied ear�ier, s�ach fu��s w�l�be appti�d ta t�he o�uts�ax�d�ing pr�cipa��al��e under the l��te immet�iately prior t�fareclasure.No of�set or ciaim which Borrower m�ght hav�naw ar in the future against Lender shall rel�e�e Borrower�rom making payments due under the Note and this Security Instrument or perforrn�ng the covenants and agreements se�ur�d by this Se�urity Instrument. �. Applicati�n of Paym�nts or Proce�ds. Exc�pt as otherwise described in th�s Section 2, all payments accepted and applied by Lender shall be appiied in th�fa��owing order af priority: �a�i��er�st d.�e under the Nate;tb��ri�cipal d�xe un�ler�ie I�ote; �c�am�unts due under Section 3. Such payments shall be applied to e�ch periodic Payment in the order in which it be�ame due.Any remaining amounts shall be applied first t�late cha�g�s, second to a.ny other amaunts du�und�r this Se�urity Instrument,ax�d th�n ta reduce the pr�cipal ba�anc�of the�Tote. If Lender receiv�s a payment from Borrav�er for a de�ixlquent Period�c Payment which inc�udes a sufficient amount to pay any late charge due,the payment may be applied to the delinquent payment and�the Iate�haxge.If more than one Per�adic Payment is autstanding,Lencier may apply a.ny payment rece��ed�ram Borr�wer to the repayment of the Per�odic Payments if,and to the�xtent that, each payment can be paid in fu11. Ta the extent that any excess exists after the payment is applied ta the full payrr�ent�f one ar more Periodic Paymer�ts,such�xc�ss ma�h��.ppii��t�any Iat��harges due. Volur�tary prepayments sha��be app�ied f�rst to any prepay�nent charges ax�d then as d�s�ribed in the N�te. Any appl�cat�on of paym�nt�, insurance proceeds,ar Il�iscellaneous Pro�eeds ta princ�pa��.ue under the N�te sha�l not extend or p�stpone the due da.te,�r�hang�the amaunt,of the Periadic PaymentS. 3. Funds for Escrow It�ms. Borrower shall pay to Lender on the day Periodic Payments are due under the Note,until the Note is pa�d in fuli,a sum(th� "Funds"}ta pr��ide for payment af amou�ts due for: �a�taxes and a.ssess�ents and other ite�ns w�iich�a�attain priority o�er t�is Securit� Instrument as a lien ar encu.mbrance on the Property;�b}lea.sehold paym�nts or ground rents on the Property, if any;�c�premiums f�r any and all znsurance required by Lender und�r Section 5; and�d}1Vlortgage rnsurance prexn�ums, if any,ar ar�y sums payable by Borrower t�Lender in�ieu � of the payment of M�rtgage Insurance premiums in accordance with the pro�visions of Sect�an 1�. These i�ems are Cal�ed "�sero��ems".At originat�an ar��any time�uring the term�f the Loan, Lender may require that�ommunity Association I]ues,Fees,and�ss��sments, if any,be escrowed by Borrower, and such dueS, fees and assessment�sha�l be an�scrow Item.�orrower shall promptly furnish to Lender all n�tices of amounts to be gaid un�ier this�ection,�orrawer sha�l gay Lender th� Funds for Escraw Items unless Lender waives B�rrower's�bligation t�pay the Funds for any�r a1� Escr�w Items.Lend�er may wai�e Borr�wer's ab��gat�on to pay to�.ender Fu�ds for any or a��Escrow Ytems at any tim�.Any such wai�er may only be in vvritir�g.In the event of such wai�er,Borro�er shall pay dire�tly,wh�n and where payable,the amounts due for any Escrovv Items for which payment af Funds has been waived by Lender and, if Lender r�qu�r�s,sha��furnish t�Lender r��e�}�ts e�id�ncing such payment within�uch time period as Lender may require.Barrower's abligatian to make suc�payments and to pr��ide receipts shall for all purposes l�e deemed to he a ca�enant and agreement c�nta.ined ix�this Security Instrument,as the phrase "c��nar�t and agreem�nt" �s used in Secti�n 9.If Borrawer is obli�ated to pay Escrow Items d�rectly,pursuant to a waiver,and Borr�wer fails ta�a�tl�e amv�nt due far ar�Escrav��t�m,Le�der may e�ercise��ts rig�its under Se�t�vn 9 ax�d 22DD594578 NEBRASKA-Sing�e Family-Fannie MaelFreddie Mac UNIF�RM ENSTRUMENT Form 302811�� VMP� a8I2015 VIF�Iters Kluwer FinanCial 5ervices 20'Is0319 i 5.3.�.34�G-N2a�51 D19N Page 4 af 16