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2� 1 ��2��5 �. Applicationof Payments or Proceeds.Except as otherwise described in this Section�, all payments � accepted and applied by Lender shall be applied in the following order of priority: (a} interest due under the Note; (b�principal due under the Note; (c}amounts due under Section 3. Such payments sha�1 be applied to each Periodi� Paym�nt in the arder�n which�t becarrYe due.Any remaining amounts sha�l be applied first to late charg�s, second ta any other amounts due under this Security Instrumer�t, and then to reduce the princ�pa�balance of the Note. If Lender recei�es a payment from Bonotiver far a�le�inquent Periadic Paym�nt which includes a suffcient amount to pay any late charge due,the payment may be applied to the delinquent payment and the late charge. If m�re than one Periodic Payment is outstanding, Lender may apply any payment received from Banower to the repayment of the Periodic Payments rf, and to the extent that, each payment can be paid in fu�l. To�he extent that any excess exists af�er the payment is applied to the full payment of one or m�re Periodic Payments, such excess may be appl�ed to any Iate charges due.Volunta.ry prepayments shall be applie�fust to any prepayment charges and then as d��cribed in the Note. Any application of payments, in.surance proceed�,ar Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date,or change the amount,of the periodic Payments. 3. Fundsfor Escrow Items. Borrower shall pay ta Lender on�he day Feriadic Payments are due under the Note,until the Note is paid in full,a sum(the "Funds"}to provide for payment of amounts due for: �a}taxes and assessments and other i�ems which Gan attain priority o�er this Security Instrument as a�ien or encumbrance on the Proper�y; (b��easehold payments or ground rents on the Property, if any; (c}premiums for any and all insurance required by Lender under Seetion S; and(d}Mortgage InsuranG�premiums, if any, or any sums payable by Borrower to Lender rn lieu of the payment of Mortgage Insurance premiums in accardance with the provisions of Section 1�. These items are called"Escrow Items."At originatian or at any time during the term of the Loan, Lender may require that Community Association Dues,Fees,and Assessments, if any,be escro�ved by Borrawer,and such dues, fees and assessments shall be an Escra�tu Item. Barrav�er shal�promptly furnish ta Lender a11�otices of amounts to be paid under this Section. Sorro�ver shall pay Lender the Funds for Escrow Items unless Lender wai�es Borrovver's obligatian to pay the Funds far any or all Escraw Items. Lender may wai�e Bnnrower's obligation to pay to Lender Funds for ar�y or a11 Escrow Items at any time. Any such wai�er may only�e in�riting. In the e�ent of such waiver, Borrower shall pay directly,when and where payable,the amounts due for any Escraw Items for which payment of Funds has been waived by Lend�r and, if Lender requ�res, sha�l furnish to Lend�r receipts e�idencing such payment within such time period as Lender may require. Borrow�r's obligation to make such payments and to provid�receipts shali for al�purposes be deemed to be a co�enant and agreement contain�d in this Security Instrument, as the phrase "co�enant and agreement" is used in Section 9, �f Borrower is obligated to pay Escrow I�ems direetly,pursuant to a wai�er,and Borrower fails to pay the amount due for an Escrow Item,Lender may exercise its rights under Section 9 and pay such amount and Borrower sha11 then be obligated under Sect�on 9 to repay to Lender any such amour�t. Lender may re�oke the wai�er a�to any or a11 Escrow Items at any time by a notice gi�en in accordance with Sectio� 15 and, upon such revocation, Barro�rer shall pay ta Lender all Funds,and in such amounts,that are then required under this Section 3. Lender may, at any time,callect and hold Funds in an amount(a}sufficient to permit Lender t�apply the Funds at the time specified under RESPA, and(b)not ta exceed the maximum amount a lender can require under RESPA. Lend�r shall estimate the amount of Funds due an the basis of cunent da�a and reasa�able estimates of expenditures of future Escrow Items or othervvise in accordance with Applicable Law. NEBRASftA-Singie Family-Fannie MaelFreddie Mac UNIFORM 1NSTR�MENT VIIITH MERS Form 3flZ8 11U1 VMP� VMPfiA(NE](13�2}_(}0 Wolters Kluwer Financial Services Page 5 of 17 q�3353643283 �233 368 �517