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2� 1 �� 138 2. I�p p I i catia n of Payments o r P roceeds.�xcept a�otherwise described in this Sec�ian�, all payments aGcepted and appl�ed by Lender shall be appli�d in the following ord�r of priorit�: (a)interest due under the Note; (b}priacipal due under the Note; (c)amount�due und�r S�ction 3. Such payn�ents shall�be applied to each Per�od�c Payment in the order in which it became due.Any remaiaing amaunts sha�l be app�ied first to �ate charges, second�any vth�r amvunts due u�der thYs Securi.ty Ins�rument,and then to re�.uce the principal balance af the Note. � If Lender re�ei�es a pa�ment from Bonower for a delinquent Periodic Pa,yment which includes a suffic�ent amount ta pay any late charge due,the payme�nt�rnay be applied ta the delinquent payment and the late charge. If mare than one Periodi�Payment is outstanding,Lender m�y apply any payment received frorn Borro�ver�o the repaym.e�.t af the Per�vd�c Payme�tts�f,and�tv the extent that� each payment can be paid in fu11. To the extent that any excess�xists aft�r the payment is applied ta the futl payment Qf one or more Periodic Payments,such excess may be applied to any tate charges due,Voluntar�y prepayments sha�l be app�ied f�t to any prepaymen�charges a�.d then as described in the N�te. Any appli�ation of payments,insurance proceeds,ar Miscellaneous l�roceeds tn principal due und�r�he Note shall n�t exten�or�ostpo�e the�iue date,ar c�ange the amount,of the Periodic Payn�ents. 3. Fundsfor Escrow items.Borrower sha11 pay to Lender on the da�r Periodi�Paym�nts are due und�r the Note,unt�l the Note is paid in full,a sum�the"Funds"}to pro�ide fox payme�t of amaunts due for: (a}taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b}leasehold payments or ground rents on the Property, if any; �c}premiums far any and all ins�rance required hy Lender uader Secti4n 5;and(d}1Vlortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Martgage Insurance premiums in accordance with the provisions of Sectian 1�. These items are ca�ied"Escrow Items."At arigination ar at any time du�ing the term of the Loan,Lender may r��uire that Community Associ�tion Dues,Fees,and Assessments, if any,be escrowed by Borr�wer,and such dues, fees and asses�ments shall be an Escrovv Item. Borrower sha�l prom�atly furn�sh to Lender all natices of amounts t�be paid under this�ection. Bo�o�ver sha��pa��.ender the Funds for Escro�Items unless�.ender�va�ves Borrawer's ob��gation tv pa� the Funds for any or all Escrow Items.Lender may�vaive Barrower's obligation to pay to Lender Funds for any or a11 Escrow Items at any time.Any such�ai��r may�nly be in�vriting,In the event of such wa��er, Borrower shatt pay direct�y,whea and where payab�e,the amaunts due far any Escro�v Items for�vhrch payment af Funds has been wai�ed by Lender and,�f Lender requires,sha�l furn�sh ta Lender receipts evidencing su�h payment w�thin such time period as Lender may require. Boxrower's obligatian to make such payments and to pro�ide receipts sha1l for a11 purposes be deerned tv be a�ovenant and agreement contained in this Secur�t}�Instrument,as the phrase"co�enant and agreement" is used in S�ction 9. If Borrower is�bligated to pay Escrow Items directly,pursuant to a wai�er,and Borrower fails to pay the amount due for an Escravv Item,Lender may exercise its righ#�under Section 9 and pay such amount and Borrower sha11 then.be ob�igated under Section 9 to repay to Lender any suc}�amount. Lender may revake the�aiver as tv any or a11 Escraw Items at any time by a notice given in accordance with Section ].S and, upon such revocation,Borta�ver shall pay to Lender a1t Funds,and in�uch am�unts,that are then required under th�s Section 3. Lender may,at any time,co1��t and hold Funds in an amount(a}su#'f'rcient to permit Lender to appty the Funds a�the time�pecified under RESPA,�nd(b)not to exceed the maximum amaunt a lender can r�quire und�r RESPA.Lender shal�estimate the amount of Funds due on the basis o�'current data and reasonable estirnates of expe�tditures of future Escrow Items or otherwise rn accordance with Appircable Law. NEBRASKA-Single Family-Fannie MaelFreddie Mac L1NIF4RM IN5TRLIMENT VIIITH MERS Form 3U26 114� VMP� VMP6A(NE}�13�2}.UD Wo�#er^s Kluwer FinanGiat Services Pag�5 Qf�7 q�3359971�21 �233 371 �517