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2� 1 ��7�� �. Applicat�onvf Payments�r�Praceeds,Except as vther�ise described in this Section 2, a11 payments accep�ed and applied b�Lender sha11 be applied in th�ffl��owing order af priori�: (a�interest due under the �ate; �b}principal due under the Notea (c}amount�du�under�ection 3, Such paymeats shal�be applied to e�.ch Periodic Payment in th�order in whieh it became du�.Any remainin�amounts sha��be applied first�o late charges, sec�nd�o any o�ther a��unts due under this Security Insi�ruments and�h�n to reduce the principal balance of�he Note. If Lender receives a payment from Borrower for a de�inquent Period�c Pa�ment which includ�s a sufficient amount to pay any late�harge due,the payment may be applied to the de��n�uent payment and the late charge. If more th�.n one Periodic Payment is outstanding,Lender may appl}��.ny payment rec�ived from Borro�ver t�the repayment of the Periodic l�ayments if,and to the extent that, each gayrn�nt can be pa�d in fu11. To the extent�hat any e�cess exists after the payment is applied to the full pa�m�nt of on�or mor� Periodic Paymen��, such excess may be app�ied to any 1at�char�es due. Voluntary prepayments shal�be app��ed f�rst tv an�prepaym�nt charges and th�n as de�crib��in xhe Note, Any application of payments, in�urance proceeds,or Miscella�.eous Proceeds ta principal due under the Note sha11 not extend�r postp�ne the due date,or change the amount,of the Periodic Pa�ments. 3. Fundsfar Escraw items.�arrower shall pay ta Lender on the day Periodic Payments are due under�he Note,until the Note is paid in full,a sum(the"Funds"}to pro�ride for p�yment of amounts due for: �a}taxes and assessments a�d ather items which can attain priari�a�er�his�ecurrty Instrument as a lien or e�cumbrance on the Property; (b)1�as�hold paym�nts or graund rents on the Property, if any; �c}premiums for any and all insurance required by Lender under Sec�ion 5;and(d}Mortgage Insur�.nce premiums, if anyA or an�r sums payable by Borrov`rer to Lender in�ieu of the payment of Mortgage Insurance premiums in accardance wxth the pr�visions of Section ��, These items are call�d"Eserow Items."At originati�n or at an.y time during the term of the Loan,L�nder may require that�ommunity Assaciation Dues,Fees,and Assessme�n.�s, if any,be escrowed by Borrawer,and such dues, fees and asses�ments sha11 be an Escrow Item. Borro�ver sh�l�promptly furnish t�Lender a11 no��ces of am�unts to b�paid under this S�ction, Borro�ver sha��pay Lender the Funds for Escrovv Items unless Lender waives Borrower's obligation to pay �he Funds for any or a11 E�cro��ems. Lender may�aive Barrower's o�ligation t�pa�to Lender Fund�for any or a11 Escrow I�ems at an�time.An�such waiver may only be i�writing. In th�event of�uch vvai�er, Borro�er�ha�l p��ir�ctly,when and�here payable,the a.mount�due for any Escro�Items for tivhi�h paym�nt of Funds has been waived by Lender and, if Lender requires,sha��furnish to Lender receipts evidencing such p�.yment vv�thin such tirne perivd as Lender may re�uire. �orro�er's obligation to make such payments and to provide rece�pts s�a��'or a��purpases be c�eem�d to be a co�enant and agreem�nt contained in this Security Instrument,as th�phrase "covenant and agreement" is used in Sectian 9. Zf Borrower is�bligated t�pay Escrow Items directly,pursuant to a waiver,and Borrower fails to pa��he amoun.t due for an�scrow Item, Lender may exercrse its rig�ts under�e�t��n 9 and pay such amount and Borrower sha11 then be obligated under Sectiot�9 to repay to Lender any such amount. Lender may revake the waiver as to any�r a1�Escrow�tems at any time b�a notice given in accordanee��h Section 15 and, upon such revocation,Borrower shali pay to Lender a1I Funds,and in such amoun�s,that are then required under this Section 3. Lender r�a�,at any tir�re,c4��ect and ho�d Fu�.ds�n an amount�a}�u��n.t��p�rm�t Lender to app��the Funds at th�time specified under RESPA,and�b)not to exceed the maximum amount a lender can require under RESPA. Le�.der sha��e�timate the amount of Funds due on the basis of curr�nt da�a and reasonable estima�es of expenditures af future Escrow Items or other�rise €n a�c�rdance with App�icab��Law. NEBRASKA-Single Family-Fannie MaelFreddie Mac L1NIF4RM INSTRUMENT WITH MERS Form 3028 1141 VMP� VMPfiA�NE}(13�2}.Q4 Wolters Kluwer Financiai Ser�ices Page 5 of 17 q�33G3G14f65 �z33 515 �517