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2� 1 ��7882 2. App��cativnof Payments or Proceeds.Except as otherwise described in this Section 2, all payments accepted and app��ed by Lender sha��be��ed�n�he fo��o��ng order Qf pri�r�ty; �a)intere��due under th� Note; (b}principal due under the Note; (c}amounts due under Section 3. Such�ayments sha11 be applied to each Periodic Payment�n�he order in�vhich it became due. Any remaining amounts sha��be applied f�rst to �ate charges, second to any ather am�unts due under thi� �ecurity Instrument, and the�.to reduce the principal balance of the Nate. If Lender receives a paym�n�t from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due,the payrr�ent may be applied to�he delinquent payment and the late charge. If mare than one Periodic Payment is outstanding,Lender may apply any payment received from Bonower to the repayrrient�f the Periot��c Paym�nts��,and to the extent tha�a each payment can be pa�d�n fu11. To the extent that any excess�xists ai�er the payment is applied to the fu1�payment of one or more Period�c Payments, such excess may be applied to any late c�xarg�s due.Voluntary prepaym�nts shall be applied fixs�to any prepay�nent charges and then as described in t�ie Note. Any application af paymen.�s, insurance proc�eds,or Miscellaneous proceeds to principal due under the Note sha��o�extend vr postpone the due date, vr change the an��un.t,vf�he P�riodic Payment�. 3. Fundsfar Escrow Items. Bono�er shall pay to Lender on th�day Periodic Payments are due und�r the Note,until the Note is paid in full,a sum�the "Funds"}ta provide for payment of amaunts du�for: (a)ta.xes and ass�ssments and oth�r items which can attain priority ov�r this Security Ins�rument as a lien�r encumbrance on the Property; �b}1eas�hold payments or ground rents on the l�roperty, if any; �c}premiums for any and al1 insurance required b�Lender under Secti�n 5�and�d}Mortgage Insurance premiums, if any, or any sums payable by Barr�vver to Lend�r in lieu�f the payment a#'Mortgage Insura.nc�prerniums in aCcordance with the provisions of Se�tion 1�. These items are called"Escrow Items."At origination or at any trme dt�r�ng the term of the Loan, Lend�r ma�require tha��ornr�un�ty A�soc�at�on I]ues, �ees,and , Assessments, if any,be escraw�d by Borrower,and such du�s, fees and asses�ments shall be an Escrow Item. �orrower sha�l pr�mptly fumish to L�nder a1�notices af amounts to t�e paid under this Section. Borro�uer sha��pay Lender the Funds far Escra�v Items un�ess Lender waives Borrower's ob�iga��on to pay the Funds for any or a11 Escrow Items. Lender may waive Borro�ver's obligation to pay to Lender Funds for any or a11 Escrow Items at any time.Any such vvaiver may only be in writing, In the e�ent of such wai�er, Borrower shali pay duectly,�hen a.nd where payab�e,the amounts due f�r any Escrow Items for w�ich payment of Funds has been wai�ed by Lender and, if Lender require�, sha11 furnish to Le�der receipts ev�dencing such payment within such time period as Lender may req�uire. Borrower's obligation to ma�� such payments and ta pro�ide rece�pts shat�for al1 purposes be deemed to be a co�enant and agreement contained in this Security Ins�rument, as the phrase "covenant and a�reement" is used in Seetion 9. If Barrower is obl�gated to pay Escrow Iter�s directly,pursuant to a waiver,and Bono�ver fai�s�o pay the amount due for an Escrow Item,Lender may exercise its r�ghts under Section 9 and pay such amount and Bonower shall then be obligated under Section 9 to repay to L�nder any such amQu�t. Lender rnay revoke the�va��er as to an�or a�l�s�rov�Items at any time by a notice given in a�c�rdan�e with Section 15 and, upan such revvcatian,Borrower sha11 pay to Lender a11 Funds, and in such amounts,that ar�then required under this Section 3. Lender may,at any time,co�lect and ho�d Funds in an amount(a}sufficient�o permit Lend�r to apply the Funds a#the tim� specified under RE SPA,and(b}n�t to exceed the maximum amount a lender can require under RESPA. Lender shall estimate the amount af Funds due on the basis of curtent data and reasonable est�mates of expenditures of future Eserow�tems ar otherwise in accordance with Applicable Law. NEBRASKA-Single Family-Fanni�MaelFreddie Mac L1NIFflFiM�NSTRUMENT WITH MERS Form 3028 1141 VMP C� VMPfiA(NE}[13�2].04 Wolters Kluwer Fir�anciaf Servi�es Page 3 af�#� q43364$95414 4z33 346 Q517