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2� 1 ��8�39 2. Applicationof Payrnents or Proceeds.Exc�pt as otherwise described in this Section 2, all payments accepted and applied by Lender sha11 be applied�n the following order of prior�ty: (a}interest due under the I�Tate;�b}principal due under t��Nate; [c}amounts due under Section 3, Such payments shall be applied to each Period�c Payment in th�order in which it became due.Any remaining amounts sha�l be applied first to late charges,second to any other amaunts due under this Security Instrument,and then to reduce the principal balance of the Note. If Lender receive�a paym�nt from Borrowe�for a delinquen�Periodic Payment�t�rhich inc�udes a sufficient amaunt to pay any late charge due,the paymen�may be applie�i to the delinquent paymen�and the la�e charge. �f mare than one Periodic Payment is outstanding,Lender may apply any payment recei�ed from Borrower ta the r�payment of the Periodic Payments if,and to the�xtent that, each payment can be paid in fuil.To the extent that any exces�exists after the paymen�is appl�ed to the full payrnen��f ane or more Periodic Payments,sueh exc�ss may be app�ied to any late charges due.Voluntary prepayments sha11 be appiied first to any prepayment�harges and then as described in the Note. Any application of payments,insurance proce�ds,or Miscel�aneous Proc��ds to principal due under the Note shall not extend or postpon�the due date,or chang�the amount,of the Periodic Payments. 3. Fundsfor Escrow Items.Borrower shali pay to Lender on the day Periadic Payments are due under the Note,until the Note is paid in fu11,a sum(the "Funds")to provide far payment of amounts due far: (a)taxes and assessments and ather items which can attain priority Qver this Security Instrument as a lien or encumbrance an the Pr�perty; �b}leaseh�ld payments Qr ground rents on the Propert�,if any;�c)premiums for any and a11 insurance r�quired by Lender under Section S;and(d}Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage�nsuranc�premiums in accordance with the pro�isions of Section 1�. These items are called"Es�raw Iterns."At originatian or at any time during the term of the Loan,Lender may require that Cammunity Assaciation Dues,Fees,and Assessments, if any,�e escrowed by Borr�wer,and such du�s, fees and asses�ments shatl be an Escrotiv Item. B�rrower shall promptly furn�sh to Lender all notices af amounts ta be paid under this Section. Borrawer�hall pay Lender the Funds for Escraw Items unles�Len�er waives Borrower's obligation to pay the Funds for any or a1�Escr�w Items. Lender may waive Borrower's obligation to pay to Lender Funds far any or all Escrow Items at any time.Any such waiWer may only be i�writing, In the�vent af such wai�er, Borrower sha�l pay directly,when and where payable,the amoun�s due for any Escrot�v Items for which payment of Funds�aas been wai�ed by Lender and, if Lender requires,sha11 furnish to Lender receipts e�idencing such paymen�within such time periad as Lender may require. Borrower's obligation to make such payments and to pro�ide re�eipts sha11 for all purposes be deeme�to be a co�enant and agreement contained in this Security Ir�strument,as the phra�e "covenant and agreement" is used in Section 9,If Borrower is obligated to pay EscrQw�tems directly,pursuant to a waiver,and Borrower fails to pay the amount due for an Escrow�tem,Lender may exercis�its rights under 5ectian�and pay such amount and Borrawer shall then be obiigated under Se�tion 9 to repay to Lender any such amount.Lender may revoke the wai�er as ta any or all Escrow Items at any time by a notice given in accardance with Section �5 and, upon such re�ocation,Borr��v�r sha11 pay to Lender a11 Funds,and in such amounts,�hat are then required under this Section 3, Lender may,at any�ime,collect and ho�d Funds in an amount(a}sufficient to permit Lender to appl�the Funds at the time specified under RESPA,and�b}not to exceed the maximum amaunt a i�nder can require under RESPA.Lender shall estimate the amount of Funds due on the basis of current data and reasonable estrmates of expenditures of futu�re Escrow Items or otherwise in accardance with App�icable La�u, NEBRASKA�ingie Family-Fannte Ma�IFreddie Mac UNIFORM INSTRLIMENT WITH MERS Form 34�8 114"f VMP� VMP6A[NE)(134�}.04 Wolters Kluwer Financial SeNices Page 5 of 17 qD335 9581 ��33 �G �517