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2� 1 ��23� 1 Z. Applicationof P'ayments or Pro�eeds.Except as othe�wise described in th�s �ection�, al�payments accepted and applied by Lender sha�I be applied in the following order of priority: (a}interes�due under the Note;(�b�principa�du�under the Note; (c}amounts due under Section 3. Such paym�nts shali be appl��d to each 1'ertodic Payment in the orde�c'in wh�ch it becam�due.Any remaining amounts sha11 be app�ied f�.rst to late charges,second to any other am�unt�due unde�r this S��urity Instru�ent,and then to reduce the principal balance of the Note. If Lender rece�ves a payrr�ent frorn Borrower for a�elinquen.t Per�odic Paym��t which includes a suff c��n� amount to pay any la�e cha�rge due,the payment may be applied�a the delinquent payment an�i the�ate charge. If more than one Periodic Payment is outstanding,Lender may apply any payment received from Borrower to the repa�rment of the Periodie Payments if,and to the ex�ent tha�,each paym�nt can be paid in full. To the exteat that any excess exists after the pa�rment i�applied to the fu11 pa�ment of one or m�re Per�adic P�.yments, such excess may be applied to any late�harges du�.Volun�tary pr�payments sha11 be app�ied f�t to any pr�payment cl�arges an�then as describ�d in t�e�Note. Any application of paymen�s, �nsurance proceeds,or Miscellaneous Proceeds to principal due under the N�te sha11 not extend or p�stpone the�ue date,ar chang�the amount,of the Periodic Payments. 3. Fundsfar Eserow Items.Borrower sha�l pay to Lender on the day Perioclic Payments are due under the �a��,ua�il the Note is paid in full,a sum�the "Funds"}�o pravide for paym�nt of amounts due for: (a�taxes and as�essments and other��ems tivhich can attain pr�ior�ty over this Securi��nstrument as a lien or encumbrance on the pra�erty; (b}leasehold payme�.ts or ground rents on the Property, if any; �c}premiums for an�r and a�l�n�urance required by Lender und�r Section 5;and�d�Mortgage Insurance premiums, �f any, or any sums payable by Borrotiver to Lender in lieu of the pa�men�of Mortgage Insurance premiums in accordance�ith the pr�visions of Section 1�. These items are called "Escrow Items."A�origination or at any tim�during the term of the Loan,Lender ma}�r�quire that Cammuni�y Associatian Dues,Fees,and Assessments, if any,be escrowed by Borrower�and such dues, fees and assessmen�s sha11 be an Escrow Itern. Borrower sha��promptly furnish to Lender a11 notices of amounts to be paid under thrs S�ction. Borrower sha�1 pay Lender the Funds for Escraw Items u��e�s Lend�r waives Borrower's�bliga�i�n ta pay �he Funds for any or all Escro�v I�enzs.Lender may wai�re Borrawer's obligat�o�.to pay to L�nder Funds far any or a11 Escro�v Items at any�im�.Any�uch waiver may only be in writing. In the e�ent of such�aiver, Borrower sha11�pa�directl�,when and w�.e��pa�rabteA the amounts due for a�y Escro�Items for which payment of Funds has be�n�vaived by Lender and, if Lender requires, shall furnish to Lender areceipts e�ridencing such payment�vithin such t�me periad as Lender may requue. Borrotiver's oblxgation to mak� s��h p��men�s and to provide rece��s s�all for a11 purposes he deemed t�'be a covenant and agre�ment cont��ned in this Security Instrument,as th�phrase "�ovenant and a�reem�nt"is used in Section 9. If Borro�er is obligated to pay Escrow Items d�rect�y,pursuant to a waiver,and Borrovver fa��s to pa��he amount due for an Escrow Item,Lender may exerci�e its rights undet Section�and pay such am�unt and B�rrow�r shall��.en b�ob�igated under Section 9 t�repay to Lender any such amount. Lender may revol�� the v�ai�er as to any ar a11 Escrow Iterns at any time by a notice given in accordance with Sect�on 15 and, ugan such r�vocatian,B�rrow�r shal�pay to Lend�r a11 Funds,and in su�h amounts,that are then required under this Section�. Lender rna�,at any time,collect and hold�t�n�s in an amount(a}sufficient to p�rm�t Lender ta a�ply the Funds at the time specifi�d under F�ESPA,and�b}not to exceed the maximum amaunt a le�der can r�quire under RESPA.Lender sha�l estimat�the amount of Funds due on the basis of current data and reasonable �stimate�of expenditures of future�scrow Items or othenvise�n acc�rdance with Applicable Law. NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIFORM INSTRU�NENT 11V[TH MERS Form 3�28 11Q1 VMP� VMP�,A(NE�(13�2}.44 I�Vo�ters Kluwer Financial Services Page 5 af 17 qU335429U59z flZ33 346 4517