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2� 1 ��7�78 Z. Applicationof Payments vr Praceeds.Except as otherwise described in this Section�, all payments accepted an�.a�p�ied by�ender sha��be app�ied�n the fo��o�zng order of pr�orrty: (a}rnterest due und�r the Note; (b}principal due under the Note; (c}amounts due under Section 3. Such payments sha11 be applied to each Periadic Payment in the�rder in which it became due.Any remaining amoun�s sha11 be applied first to late charges, second to any other amounts due under�his 5ecurity�nstrument,and then to reduce the prrncipal balance af the Nate. If I1�nder rece�Ues a�aa�ment from BorrQ�er fvr a delinquent P�riodi�Pa�m�nt�hich inGludes a s�ffi�ient amount to pay any late charge due,the payment may be app�ied to the delinquent payment and the late charge. If mare than�ne T'eriodic Payment is outsta.nding,Lender may apply any payment recei�ed from $orrawer to the repayment�f the�'eriod�c Payments if,and to the�xtent that, ea�h payment ca�.be pard�n full. Ta the extent that any exc�ss exists after the payment is applied to the fu11 payment of one or mare Per�odic Payments, such excess may be appl�ed ta any 1a��chaxges due.Voluntary prepayments sha11 be applied first to any prepayment charges and then as described in the Note. Any appli�ation of payments, insurance pra�eeds,or Misce��an�ous Proceeds to principal due under the Note ��a��not extend or pastpone the due date,or ehange t�e amount,of the Per�od�c Paym�nts. 3. Fundsfor Eserow�tems.Borrower sha11 pay to L.ender at�the day Periodic Payments are due under the Note,until the Nate i�paid in fu11,a sum(the "Funds"�to pravide for payment of amounts du�for: (a}taxes and assessments and other items which can attain priority over this Security In�trumen�as a lien or encumbrance an the Property; (b}leasehold payments or ground rents on the Property, if any; �c}premiums far a�.�and a�l insurance required by Lender under Se�ction 5; and�d�Mortgage Insurance premiums, i�'any, ar any surns payable by Borrower to Lender in lieu of the payment af Mortgage Insurance premiums in accordance with the pro�isions of Section 10. These items are ca�led"Escraw It�rns."At origination or at any t�me durrng�he term�f the Laan,Lender may require�hat�o�un�t�Assaciat�on Dues, Fees,a�nd As�essments, if any,be escrowed by Borro�ver,and such du�s, fees and assessm�nts shal�be an Escrow Item. Borrower shall promptly furnish to Lender a11 notices of amounts to be paid under this Sectioa, Bon�wer shai�pay Lender the Funds far Escro�uu Items un�e�s i,ender waives Borra�ver's ab�igat�on ta pay �he Funds for any or a11 Escrow Items. Lender may waive Barr�wer's obligation to pay�o Lender Fu�.ds f�r any or all Escrow Items at any time.Any such waiv�r may only�e rn�vriting. In the e�ent of such�rai�er, Borro�ver�ha��pay directly,when and where payable,the amounts due for any Escrow Items for�vhich payment af Funds has been waived by Lender and, if Lender requires, shall furnish ta Lender receipts �videncing such payment within such time period as Lender may requue. Borrawer's obligation to m�ke such paymen��and to provide receipts sha11 for all purposes be deemed to be a co�enant and agreement contained in this Security Instrument,as the phrase "covenant and agreement" is used in Section 9. If Borro�ver is obligate�to pay Escrow Items directl�,pursuan�to a wai�er,and Borrower fails ta pa�the amount due for an Escrow Item,Lender may exer�ise its rights under Section 9 and pay such amount and �ona�ver sha11 then be obligated under 5ection 9 to repay to Lender any su�h amount. Lender may revoke the wai�e�r as ta any o�a��Escro�Items at any t�me b�a nat�e�g�ven in accardance w�th�ec��Q� �5 and, upon such revocation,Borto�ver shall pay to Lender all Funds,and i�such amounts,that are then requued under this Section 3. Lend�r may, at any time,c�llect and hold Funds in an amou�t(a}sufficient to permit Lender ta apply the Funds at the time specified under RESPA, and(b)not ta exceed the maximum amount a lender ca�.requiure under R�SPA. Lender sha11 estimate the amount of Funds due on the basis of current data and reasonabl� estimates of exp�nditures of future Eserow Items ar atherw�se in accordance�uith Applicable Law. NEgRASKA-Single Family-Fannie MaeJFreddie Mac UNIF�F�M INSTRUMENT WITH MERS Form 342B 1141 � VMP� VMPBA(NE}{1342}.44 Walters Kluwer Fina��ial Se�vices Page 5 of 17 q4336121a653 0233 674 Q51a