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2� 1 ��2134 �. App��cationaf Payments or Proceeds.E�cept as otherw�se described in this Sect�an 2, a�I payments accepted and app�ied by Lender�ha11 be applied��.the foll�wing order of priarity: �a��ntere�t due under the Note;(b)principal due under the Note;(c}amounts due un.der S�c�tio�3. ��uch payments sha11�be appli�d to each Periodic Payment in the order in which it becam�due. Any r�maining amounts sha�l be applied fi.rst to late cha.rges, second to a�y other amounts due un�er this Security Instrument,and then to reduce the princ�pa�balanc�of the I�ote. If Lender receives a payment from Borro�ver�or a delinquent Periodic Pa�ment whiGh includes��ufficient amount to pay any Iate charge due,the�paym�nt may he agp�ied ta the delir�quent pa.}m��.��t�.d the late charge. If m�re than one Peri�dic Payment is outs�nding,Lender rnay appty any payrnent rece�ved from B�rro�er to�he repayment of�h�Periodi�Payments if,and to�he ext�nt that, each payment can be paid in �u11.To the ex�tent th.at any excess ex�sts aft.��r t�ie pa�rm�nt is applied to the fu11�a�ment of on�ar more Periodi�Paym�nts, such excess may be applied ta any 1at�charges due. Vo�untary prepayments shal�be app�ied f�rst to any prepayment charges and�hen as deseribed in the Note. 1�ny application af payments, insuranc�proceeds,or Misce��aneous Proceeds to pr�nc�pa�due under the Note sha�I not extend or postp�ne the�Iue date,or change the arr�aunt,of the Periodic Paym�nts. 3. Fund�fior�scrow 1tem�.Borrower��.all pay ta Lender on the day Periodic Payments are due under the �ot�,�x�ti1 t�e�a�e is�aid in full,a�su��the"Funds"}to prov�de far payment�f amvun.ts due for: (a}ta.xes and assessments and Qther items whieh can attain priori��v�r�his SeGurity Instrument a�a lien ar encumbrance on the Froperty;(b)�ea�eh��d payments�r ground re�.ts on the Property, if any; �c)prem�ums for any and a11 insurance required b�Lender under Section 5;and(d�Mort�age Insurance premiums, if any, or any sums payable by Borr��ver to Lender in lieu of th��aym�nt af Mvrtgage Ir�suran�e prerriiun�s�n ace�rdance�vith the pra�r�sions of Section ��. These items are called "Es�row Items."At origination or at any tYme during the term of the Laan.,Lender may require that�ommunity Ass�ciat�on Du��,Fees,and Ass�ssments, ��any,be escra�vec�b�Borrov�er,and sueh dues,fees and assessments sha11��an�s�ro�v Item. Bortower shal�promptly furnish to�ender all notices of arnounts to be paid under this Section. Borro�ver sha�l�ay Leader the Funds for Escro��tems�nless Lender waives Borrower's abl�gat�on�fl pay ��e Funds far an��r a11 Escraw I�ems.Lender may waive Borrow�r's obl�gation�o pay to Lender Funds for any ar atI Escrow Items at any time.Any such v�raiver may o��be�n writing.In the event of such wai�er, Borrower shall pa�directly,when and�vhere payable,the amounts du�for any Escro�v Iterns for which payment of Funds has�een waived by Lender and, if Lender requires, shall furnish to Lender re�eipts evidencing such pay�,ent�i�hin.such time period as Lender may requ�re. �orr�wer's obligation t�make such payments and to provide rece�pts shal�for�11�urposes be deemed to be a covenant and agreement con�ained in this Secur�ty Ins�rument,as the phrase"covenant and agreement"is used in Section 9. If Borrorver is fl�a�igated tQ pay Escrovv Items directly,pursuan.t to a waiver,and Borrower fai�s ta pay the amount due for an Escraw Item,Lender may e�ercise it�rights under Secti�n 9 and pay su�h am4unt�nd Borrower sha��then be o�ligated t�nder Sect�on 9 ta repay to Lender any su�h amount. Lender may revoke the wai�er as ta any or all Escrovv Items at any time by a not�ce gi�en in accordance�vith Sec�ion 15 and, upan su�h re��catio�.,Barro�er sha11 pay to Le�nder a11 Funds,and in s�c�ama�nts,that are then requ�red under this Section 3. Lender may,at any time,coi�ect and hold Funds in an amount�a}�uff'icient ta permit Lender to app�y the Funds at the time specif�ed under RESPA,and(b}no�to exceed the maximum amaunt a lender�an r�qu�re under RESPA.Lender sha�l estimate the am�unt of Funds due on�he basis of current data.and reasonable estimat�s of expenditu.r�s of future Escr��Items or fl�herwise in a�car�ance w�th Applicable La�r. NEBRHSKA-5ingle Family-Fanr��e Mae{Freddie!1�lac IJNIF�RM 1NSTRUMENT W1TH MERS Form 3�28 1101 VMP� VMP6A�PVE}�13Qz}.4Q Wa�ters Kluwer Finar�c�al Services Page 5 of 17 q�33535�67�g �233 336 fl517