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2� 1 ��52�9 �. App�i�ationof�aymen�s or Proceeds.Except as o�herwise described in this Sectian 2, a11 payments accepted and applied by Lender sha��b�applied in the followi�.g arder of priority: �a}�nterest due under the Note; �b}principal due und�r the No�e;�c}amounts due und�r Section 3. Such paym�n�s sha11 be applied to each Periodic Payment in the order in which it became due. Any remaining amounts sha11 be applied�rst to late charges,second�o any other amounts due under this SeGurity Instrument, and then ta reduce the principal balance of the l�Tote. If Lender receives a payment fram Borrow�r for a delinquent Periodic Payment which inc�udes a suff�cient amount t�pay any late charge due,�he payment may be applied to the delinquen�payment and the late charge. If more than one Periodic Payment is autstandin�,Lender may apply any payment rece�ved fram Barrower to the repaym�nt of the Periodic Paymen�s�f,and to the extent that, each pa�ment can be paid in fu11. To the extent that any excess exists a�er th�payment is applied ta the fu11 payment of one or mare Periodic Payments, such excess ma�be app�ied to any late charges due.Voluntaiy prepayments sha11 be applied first to any prepaym�nt charges and�hen as described�n�he Na�e. Any application of payments, insurance proceeds,or Misce�laneaus Prace�ds to principal due under th�1�Tote shall not extend or postpone the due date,or change the amount,of the Periodic Pa�ment�. 3. FundsfQr Escrvw Items.Borrawer sha11 pay ta Lender on the day Periodic Payments are due und�r the No�e,until the Note�s paid in fu11,a sum(the "Funds"}to provide for payment of amoun�s du�for: (a}ta.xes and ass�ssmen�s and other items�vhi�h can a�tain priority o�er this Security Ins�rument as a lien or encumbrance on the Property; �b}leasehold payments or ground rents on the Prop�rty, if any; ��}premiums for any and a11 insurance required by Lender under Section S;and(d}Mortgage Tnsurance premiums, if any, or an�r sums payable by Borrower to Lender in lieu of the payrr�ent of Mortgage Insurance premiums in accordance�vi�h the provisions of Section 14, These items are called"Escrow Items."At origination or at any time during the term of the Loan,Lender may require that Gommunity Assaciation Dues,Fees,and Assessme�ts, if any,be escrovved by Borr�wer,and such dues, fees and assessments sha11 be an Escrow Item, Borrower sha11 promptly furnish to Lender a11 notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrovv Items unless Lender waives Borrower's obligation to pay �he Funds for any or a1�Escrow Items. Lender ma�vvaive�3�rrower`s obliga�ion�o pay to Lender Funds far any or all Escrow Items at any time. Any such vvaiver rnay anly be�n writi�g. In the ev��nt of such waiver, Borrower sha11 pay directly,when and where payable,the amoun.�s due f�r any Escra�Items for which paym�nt of Funds has been waived by Lender and, if Lender requires, sha�l furnish to I��nder r�ceipts evid�ncing such payment within such time period as Lender may require. Borrower'�ob��gation�o make such payments and to pro�ride receipts sha11 for a11 purposes be deemed to be a co�renant and agre�ment con�ained in�his Sect�rity Instrument,as the phrase "covenant and agreement" is used in Section 9. If �orrov�er is obligated to pay Escrow Items directly,pursuant to a waiver,anc�Barrower faits to pay the amaun.�due far an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shai�then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke the v�ai�er as to any or a11 Escrow Items at any time by a notice given in accordance with Section 15 and, upon such re�ocation,Borrower shall pay to Lender all Funds,and in such amounts,that are then required und�r this Section 3. Lender may, at any time,collect and h�ld Funds in an amount(a}suffic�ent to permi�Lender ta apply the Funds at the time speeifi�d under RESPA, and�b)not to e�ceed the max�mum amoun�a lender can require under RESPA. Lender sha�l�stimate the amount of Funds due on�he basis of curren�data and reasonab�e estimates of expenditu.res of future Escrow items or otherwise in accordance with App�icable Law. NEBRASKA�i�gle Family-Fann9e MaelFreddie Mac UNEF�RM 1NSTRLIAAENT WITH MERS Form 3(}28 1l�1 VMP� VMPfiA(NE}(1342).�4 Wolters Kluwer Financial 5ervices Page 5 of 17 qo33ss��oo4 oz33 z�o �51�