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2� 1 ��312� 2. Applicatior�of Payments Q�`Prv�eeds.Except a�otherwise described in this Section 2, a11 payments ac�epted and applied by Lender shall be applied in the following order of pr�ority: �a}interest due under the Note;(b}principal due und�r the Nvte;[c}amoun�s due under Section 3, Such payments shal�b�applied t� each T'eriodic Payment in the order in which�t became due. Aay remainin�am�unts shall be app��ed first�o ��te c�.a�ges,se�ond to a�n.y ot�ier a�maunts dt�e under this Sec�ity Instrum�nt,a�d t]�en ta reduce the pr�ncipal balance of the Nate. If Lender receives a payment fram Barrower for a del�nquent Per�odic Payment which includes a sufficient amount to pay any late cha�rge due,the payment rnay be applied to�he del�nquent payment an�the�ate charge.If mare than one Periadic Payn�ent is ou�sta.nding,Lender may apply any payment r�ceived from Borro�er to the repay�r�e�t af t�e�eriodic�'aymen�s��,�nd ta the ext�nt that,�ac'h pa}��ent can be paid in ful�.To�he extent that any excess exists a��r the payment is applied to the fult gayment af one or more Periodie Payments, such exces�may be app�ied to any 1at�charges due.Volun�ary pr�payments shall be app�ied f�rst to any prepayrmen�charges and then as described in the No#e. Any applicatian of payments,�nsurance proceeds,or Miscellaneous Proceeds to principal due under the l�ote shall not extend or�os�pone the due date,or chan�e the amount,af the Perivdic Payments. 3. Fundsfor Escro�v�tems.Borro�ver sha11 pay to Lender an the day Peri�dic Pa�ments are due under the Note,un�il the No�e�s paid in fu11,a sum[the"Funds"}to prov�de for payment of amaunts due far: (a)taxes and assessments and other items�hich can attain priority ov�r this Secur��y Instrument as a lien or en�umbrance on the Prop�rty;�b}leasehold payments or ground rents an t�.e Froperty, if any; (c)premium� for any and a��insurance required by Lender under Section 5;and(d�Mortgag�Insurance premiums,if any, or any sums payable by Borrower to Lender in ii�u af the payment of Mortgage Insu.rance premiums in accordance with the pro�is��.s of Section 1�.These�tems are called"Escrow Items."At origination or at any time during the term o�the Loan,Lender may requir�that Community Association Dues,Fees,and Ass�ssme�ts, if any,be escrowed by Borrower,and such dues, fees and assessments sha11 be an Escrow Item. Borrower shall promptly furnish to Lend�r a11 notices of amounts ta be paid under this S�ction. Barro�er s��.�1�a�Lend�r�.�.e Funds for Escrovw Items unl�ss Lender�vaives�ionower's obligation to�ay the Funds for any or a1�Escro�v Items. Lender may waive Bo�rro�er's o�aligation t�pay to Lender Funds far any�r al�E�crow Items at any time.Any�uch�vaiver may on�y be in writing. In the e�ent�f such waiver, Borrawer sha11 pay directty,when and where payable,the arriounts due for any Escraw Items for�vhich paymen�af Funds has been waived by Lender and,�f Lender requires,sh��furnish to Lender receip�s e�idencin�such pa�ment within such��rn�period as Lender may require. Borrower's abligation ta make su�h payments and t�provide receipts shall for a11 purposes be deemed to be a co�enant and agreernent contained in this Security Instrument,as the phrase "co�enant and agreement" is used�n Sectian 9. If Borrower�s obligated to pay Escr�tiv Items direc�ly,pursuant�o a waiver,and Borr��er fai�s to pay the amount due for an Escro�Item,Lender may exercise�ts rights under S�ction�and pay such amount and Bonower sha11 then be obligated under Section 9 to repay to Lender any such amount. L�nder may revoke the�va�ver as ta any or a11�scrow Items at any time by a notice gi�ren�a a�cordanc�with S�c��on 15 and, upan such rev�cation,B�rrower shall pay�o Lender all Funds,and in such amounts,that are�hen requirec� under this Sect�on 3. Lender may,at an�time,col�ect and hold Funds in an amoun��a}sufficient to permit Lender to apply the Funds at the time specified under RESF'A,and(b)no�to exceed the maximum amount a lend�r can require under RESPA. Lender shall�stimate the amount of�unds due an the basis of current data and reasonable ' estimates of expenditures of fut�ure Escrow Items or otherwise in accordance with Applica.ble Law. NEBRASKA-Single Fam�Ey-Fannie AIlaelFreddie Mac IJNIF�RM INSTRUMENT 1►VITH MERS Fot�m 3��8�141 VMP� VMPfiA(NE}€13fl2].44 INolters Kluwer�Fina�c�al Senrices Pa�e 5 af 17 q�3353986574 4233 354 4517