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2� 1 ��8�38 such payment or partial payments in th�future,but Lender is n�t ab�igated ta apply such payments at J th�time such payments a.re a�cepted.If each Periadic Payment�s appiied as af its seheduied due date, th�n Lender need not pay inter�st on unapplied funds.Lender may hold such unapp�ied fu.nds until Borrower makes payments to bring the Loar�current. If Borrower does n�t do so with�n�.reas�nab�e peri�d of time,L�nder sha�l either apply su�h fur�ds or return t�iem to Borrower. If not applied�arlier, such funds wil�be applied to th�outstanding principal balanc�under the Note i.�nmediately prior to forec�osure.Na ofFset or claim which Borrower might ha�e now�r in the future against Lender shall relieve Borrawer from malcing payments due und�r the N�te and this Security Instrument or p�rf�rmir�g the co�ena.nts and agreements secured by t11is SeCurity Instrument. �. A�pli�ation of Payments or Proceeds. Except as otherwise desc�i�ed in this Sectifln 2, all payments accepted and app�red by Lender shali be applied�n the following order of prior�ty: �a}inter�st due under the Not�; �b}prin�ipal due under the Nate; �c}am�unts due under Section 3. Such payments shall be app�ied to each Periodic Payment in the order in wh�ch�t becam�due.Any remaining amounts shall be applied first to late�harges,second to any�ther amounts due under this Security Instrument,and then ta reduce the principal balance of the Note. If Lender rece��es a payment fr�m Barrower for a del�.n�uent Periodic Payment Which includes a sufF'icient amount to pay any late charge due,the paym�nt may be applied to the delinquent payment and the late charge. If more than one Periodi�Payment is outstand�ng,Lender may app�y any payment. received from Borrawer tt�th�repayment of the Periodic Payments if,and t�the extent that,each paym�nt can be pa�d in full. To the extent that any excess�x�sts after th�payment�s appli�d to the ful�payment of one or mare Periodic Payments, such excess may be applied to a.ny late Charges due. Va�untary prepayments shall be appli�d first ta any prepayment charges and then as described in t11e Note. Any application of payments, insurance proceeds,or M�scellaneous Proceeds to principal due under the Note shall nat extend or p�stpa��the due date,ar change the arnount,of the�Periadic Payments. 3. F u nd s f�r Es c row I tem s. B orrower shall pay to Lender�n the day Period ic Payments ar� due under the Note,until the Note is paid in full,a sum(the "Funa�s"}to pr��ide for payment of am�unts due fvr: (a}taxes and assessments and�ther�tems which can attain pr�ority over this S�curity Instrument as a�ien or encumbrar�ce on the Property;(b}leas�hald payments ar ground rents an the PrQperty, �f a.ny;��}premiums far any and all insurance requir�d by Lender under Section 5; and(d}Mortgage Insurance premiums, if any,or any sums payable by Borrawer ta Lender in lieu nf the payment of Mor�gage Insurance premiums in accordance with the provisions af Section I U. These items are ca�led "Escraw Items".At arigination or at any time dur�ng the ter�n of th�Loan, Lender may require that�ommunity Assaciati�n I]ues,Fees,and Assessments, if any,be�scrowed by B�rrower,and such dues,fees and assessments shall b�ar�Es�row Item.Borrower shall pr�mptly furnish to Lender a�l notices of amounts to be paid under th�s Sectior�.Bvrrower sha��pay Lender the Funds for Escrow Items un�ess Lender waiv�s Borrower's��ligation to�ay the Funds for any ar a�l Escrovv Items. Ler�der may wai�e Borrov�er's obligati�n t�pay to Lender Funds for any vr all Escrow Items at any time.Any su�h wai�er may only l�e in writing.In the event of such wai�er,Borrawer shall pay directly,when and where payable,the amounts due for any Escrow It�ms f�r which payment of Funds has be�n waived by L�nder and, if Lender requ�res, shall furnish to Lender receipts eviden�ing such payment within such time periad as�ender may require.Borrower's obligation t� make such payments and to provide receipts shall for all purposes be deemed to be a ca�ena.nt and agreement contained in this Se�urity Instrum.ent,as the phrase "covenant and agreement" is used in Se�ti�n 9.If Borrovver is�b�igated to pay Escro�Items directly,pursuant to a wa�ver,a.nd Borrower 230�423502 NEBRASKA-Singie Family-Fannie MaelFreddie Mac lINlFaRM IIVSTRUMENT Farm 3fl281lD1 VM P� . 0612�'3 fi W�olters Klwver Financial Sen►ices �01 fi1'�4�"Ifi.2.0.3814-N2�1 BD72DY Page 4 of'16