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2� 1 ��223� <br /> �. App�ica�t�an �f Payrr�ent��r Prt�c��d�. Exce��a����er�vise described in��is Sec�ion �, a�� pa��en�s <br /> a�cept�d and applied by Lender sha�l be app�ie��n the f��l�r��ng arder�f pr��rity: �a} in��r�s�due under�he <br /> �d��e; ���pr�nc�pa� �ue under the Note; �c�an��unts du�under Sec�ion 3. Suc�pa�nr�en�s shall be app��ed ta <br /> ea�h Per�od�.c Pay�m�n� in�he order i�w�ic� i�b�canc�e due, An�rexnaining a�oun�s sha�� be app�ie� firs��o <br /> Ia�e charges, second�o an�����r arnoun�s due und�r�his Se�uri� Instrun�ent, and�h�n�o reduce the <br /> principal balance of�he No�e. <br /> �f Lender rec��Wes a payment from �arra�ver far a��Iinquen� Perivdic Pa�rnen���i�h includ�s a sufficier�� <br /> a�n�un��o pay any late��arge due, ��e pay�nen�rna�b�applied�o�he de��nquen�paym�nt and t�e la�e <br /> c�arge. �f�nare��an ane Per�od�c Payment�s�uts�and�ng, Lend�r ma�r app�y any payrnen�received fr�m <br /> Borr�v��r t��he r�paym�n�of th�Period�c Payments �f, and�fl the ex��n��ha�, eac� paytnent can be paid in <br /> fu11. To�he exten��ha�any exc�ss�xis�s after��e pay�r�en� is appli�d�v��e full paymen�o�r�ne ar rnare <br /> Periodic Payn�en�s, such excess may be app���d to any �ate charges due. Vv�untary prepaymen�s sha�� be <br /> app�ie�. f�rst tc�any pre�aymer�t charg�s and then as described in the�o�e. <br /> An� app�ica�ion�f pa��nen���, ins�uran�e praceeds, o��1�[iscella�eou�P�oceeds t�prin��pa� due under the Note <br /> s�all no�extend�r pn��pone�he due�ate, or chan�e�he amoun�, �f�he Periac��� Paym�nts. <br /> 3. Funds fc�r E��rc�w �t�rms. Borro�er�ha�� pay to Len�er on th�day Periodic Payrnents are due un�er the <br /> Nate, un�i�the�I��� is paid in full, a su�n ��he "Fun�is"�ta prov���for pa}�rn�nt of amau��s due fvr: �a}taxes <br /> and assessrnen�s a�d o�her �tems�vhich can at�a�n pr�Qr�ty over th�s �ecur��y �nstrurnent as a lien �r <br /> encumbrance on the Pr�p�rty; [h} leaseho�d paymen�s ar�round rents an�he Praper�y, if any; ��)prem�ums <br /> far any and a�� �nsurar�ce required by Lenc�er under �e��i�n 5; and�d}Mortbage�ns�ura�ce prerniums, �f a.r�y, <br /> �r any su�ns�a�able by Borrav��r�v Len�er in lieu of��e pay��n�of Mor�gage�nsuranc��rem�ums �n <br /> aceordartce�vi�h��.e prvvis�ans of Secti�n ��. Thes� i�en�s are ca�led"Escrow ����s." A�originatian ar a� <br /> any�i�ne during the term af the L�oan, Le�nder may rec�u�re�hat Cammun�t}r Association Dues, Fees, �r�d <br /> Assessmen�s, �f a�ny, b�escrov�red by Borrower, and.such dues, fees and assessm�nts sha�� be an Escrovir <br /> �tern. B�rro�ver sha��pro�p�iy furnis��o Lender all no�ices of a�noun�s�o be paicl un�er�his Sec�ian. <br /> B�rro�r�r s�all pay Lender�he Funds for ��cro� I���ns unless L�nder wai�e� B�rra�er's obliga�ion to pa� <br /> t�h��unds far an�ar a�� Escr�w Items. Lend�r may wa���Borrovver's oh��gation to pay�a Lend�r Fund�far <br /> any or a�� �scrnw ���ms a�any tirr��. Any �uch waiver may vn�y�e in�vri�ing, �n�he even�of such v�a�ver, <br /> Borr��nrer sha�� pa� di�re�tly, w�en and v�rh�ere payabie, �he a�nour��s due for any �scro�uv I�ems for which <br /> payrnent�f Funds�as been�vaiWed by L�nder and, xf Lender requires, sha�l furnish to L�ender receipts <br /> ev�dencing such paym�n��v�th�n such time p�r��d as L�nd�r may requ�re. Borra�er's��tigatian��make <br /> such pa�rments and tn prov�de rec�ip�s sha�� for a��purpases be d�emed to b�a co�r�nant and agreen��nt <br /> �ontain�d in�his Sec�ri�y �ns�ru�nen�, as�he phrase "ca�er�ant a�ad agre�ment" is used in Sec�ivn 9. �f <br /> Barrower �s abliga�ed to pay �scrow I��ms direc�ly, pursuan�ta a wai�rer, and B�rra�ver fa��s�o pay��e <br /> an��un�due far an �scravv ��em, Lender ma���er��s��ts�r�ghts under Sect�fln�and pay such amoun�a�nd <br /> Barr��er shal�.then b�ab��gat�d under S�ct�a�9 t� repay t� Lenc�er an� such amount. Lender may revoke <br /> �he wai�er as�o any or all �scra�v ��en�s a�any�in1e by a n��ice given ir� a�cardance v�i�h Sec��vn �5 and, <br /> upon su��re�o�a�ian, Barrow�r shall pay�a L�nder all Funds, and in such a�nt�unts, ��a�are�hen r��u�red <br /> under��is �ec�i�n 3. <br /> L�n�er may, at any time, �o��ec�and h��d Funds in an amaunt(a�suffci�n���perrni�Lender��app�y the <br /> Funds a���e�ime specified ur�der R�SPA, ax�d�b)no��o�xc�ed��e rna�i�nu�n a�noun�a l�nder car� require <br /> under RESP�, �ender s�all es�inr�a�e��e a�noun�of Fur�ds due on th�basi� af curren�da�a and reasonab�e <br /> es�i�na��s of expendi�ur�s af futur��s�row Items ar�therwise in accorda.r�ce vvi�h Appli�ab�e Lav�. <br /> 2(]�G-28�3944 1�DD497t�DD1257'i 135 ��5�3 <br /> NEBRASKA-Single Family-Fannie Mael�'reddie Mac L1NIFQRM INSTRUME�+1T WITH AlIERS Fvrm 3��8 1I0� <br /> i/M P Q V�N PfiA�NE}��3�32} <br /> Walters Kluw er Financial 5�rvices 4f7f2�'f� 10:23 AIVI Page 5 of�!7 <br />