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; 2� 1 ��2324 �. Applicatiortof Paymsnts or Proceeds.Except as otherwise described in this�ection 2, all payments accepted and applied by Lender shall b�applied in the fo�lowing order of priority: (a)interest due under the N�te;�b)principa�due und�r the Note;�c)arnounts due under Section 3. Such payments shal�be applied to ! each Periodic I'ayment in the arder in which it became due.Any remaining amvunts sha11 b�applied fust tfl 1a�e charges,second ta any other amoun�s due under th�s Security Instrument,and then ta reduce the principa��alance of the Nate. If Lender receives a paym�nt fram Barro�ver f�r a delinquent Perivdi�Payment which includ�s a sufficient amoun�ta pay any late charge due,the payment may be applxed ta the delinquent payment and the tate charge. If more than one PeriQdic Payment is outstanding,Lender may apply any payment received frvrn Barrower to the repayment of the Periodic Payments�f,and to the extent that,each payment can be paid in fu�1.To�he extent that any excess exists after the paym�nt is applied to the full payment of one or mare � Periodic Faym�nts,such excess may be applied to any lat�charges due.Voluntary prepayments sha11 b� app�ied fust to any prepayment charges and then as described in the��te. Any application of payments,rnsurance proceeds,or Miscellaneous Proceeds to principal due under the Note sha�l not extend vr postpone the due date,or change the amoun�,of the Periodic Payments. 3. Fundsfor Eserow Items.Borra�er shalt pay ta Lender vn the day Periodic Payments are due under the Note,until the Note is paid in fii11,a sum(the"Funds"}to pravide for payment of amaunts due for: (a)t�xes � and assessments and other item.s which can attain priority over this Security�nstrument as a lien or encun�brance an the Froperty; (b}lea�eh��d payments or graund rents on th�Praperty, if a�y; (c}premiums for any and a11 insurance r�quired by L�nder under Section 5;and(d}Mor�gage Insurance premiums, �f an�, or any sums payable by�onower ta Lender in��eu of the pa�ment of II�[artgage Insurance premiums in accordance with the provisions af Section 1�.These items are called"Escrow Items."A�ariginatian or at any time during the term of the Loan,Lend�r may require that Community A�sociation Dues,Fees�and Asses�ments, if any,b�escrowed by Borrower,and such dues, fees and assessments sha11 b�an Escrow ; Item.Bortvvver sha11 promptly furni�sh��Lender all not�ces of amoun�s to be paid under this Section, � Borr�wer sha11 pay Lender the Funds fnr Escrow Items unle�s Lender wai�es Borrower's obligation to pa� the Funds far any�r all Escrow I�ems. Lender ma�r�vaive Bono�ver's obliga��on to pay ta Lender Funds for � any or a�l Escrow Items at any time.Any such waiver ma�only�e in v�riting. In the ev�nt of such�vaiver, Borrower sha11 pay d�rect�y,wh�n and where payable,the am�unts due for any Escrow Items for�hich payment of Fu�ds has been wai�ed by Lend�r and, �f Lencler requires, sha�I furnish ta Lender receipts � e�idenc�ng such payment within such time geriotl as Lender may r�quire. Borro�er's obligation to make such payments and to pFo��de rece�pts sha�l for�11 purpvs�s be deemed to be a�ovenant and agreem�nt ; cont�ined in this Security Instrument,as the phrase "covenant and agreement" is used i.n Section 9, If Borrovver i��bligated to pay Escrow I��ms directly,pursuant to a�va�ver,and Barrower fails to pa�th� amount due for an Escrow Item,Lender may exercise its rights under Sec�ion 9 and pay such amount and Bvrrower sha�l then be�bliga�ed under Sectxon 4 to repay t�Lender any suc�amount.Lender may revoke the�vaiver as to any or all Escrow Items at any time by a notice g��en i�accordance with�ection �5 and, upon such revocation.,Borrower shali pay t�Lender aII Funds,and in such amounts,that are th�n requ�red under this Se�tian 3. � Lender ma.y,at any time,collect and ho�d Funds in an am�unt(a�sufficient ta permit Lender to app�y the Funds at the t�me specified und�r RE�PA,and(b)nat to exce�d the maximum amount a lendex can require � under RESPA.Lender sha11 est�mate the amaunt of Fund�due on the basis af curren�data and reasonable ' estimat�s of��pendi�ures of future E�c�ow��em��r ot�.er�Yse in ac�o��ance�ith App��ab1e�.a�v, NEBRASKA-Single Family-Fann�e NlaeJFreddie Mac LINIFORM INSTRUMENT WITH MERS Form 3428 9l4i VMP� VMPBA(NE}(1342}.44 Wofter�Kluwec Fina�cial Services Page 5 of 17 � q�3354215349 4233 334 4517