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2� 1 ��88�� 2. Applicationof Payments or P'roceeds.Except as o�herwise d�scri�ed in this Section 2, a1�payments accepted and appli�d by Lender sha�1 be appiied in th�following o�'der a�f priori�: �a}interest d�e t�nder the Note; (b�principal due under the NQte; (c�amounts due under Section 3. Such payments sha�l be applied ta each Periodic Payment in the order in which it�ecame due. Any remaining amounts sha11 be app�ied f�rst to late c��rges, second�o any oth�r amounts due under this Securi�Instrt�.�nent, and then to rec�uce the principal balance of the Note. If Lender receives a payment from Borrotuer for a delinquent Periodic Payment which includ�s a sufficient amount ta pay any Iate charge due, the payment may be applied to the de�inquent payment and the late charge. Xf more than one Periadic Paymen�is ou�standing, Lender may apply any payrnent recei�ed from Borrower to the repayment of the Periodic�'ayment�if, a�nd ta th�extent th��,each pa}�ment can be�aid in fu�l. To the extent that any excess exists aft�r the payment is appl�ed to the fuil payment of one or more Periodic Payments, such excess may be applied to any late charges due. Valunta.ry prepayments sha11 be applied first to any prepayment charges an�tlaen as described in the N�te. Any application of payments, insurance procee�s,�r Miscellaneous Proceeds to principaX due under the Note sha11 not�xt�nd�r postpone��e due date,ar change th�amount,of the Periodi�Pa�rme�ts. 3. Fundsfor Esero►n►Items.Borrower shall pay ta Lender on the day Periodic Payments are due under the Note,until the Note is paid in fuli, a surn�the "Funds"}to provid� for paymen#of amounts due for: (a)taxes and assessments and other item�which can attain priority over this Security Instrument as a 1�en or encumbrance on the Property; �b}leasehold payments or ground rents on the Property, if any; �c}premiums for any and a11 insurance required by Len�er under Section�;and�d�Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in�ieu of the payment of Mortgage�nsurance premiums in accordance v�ith�he pro�risions of Section ��. These i�ems are called"Escrow Items."At originat�on or at any time during�he term�f the Lv�.n,Lender may require that Co�munity Ass��iation I?ues,�'��s,an.d Assessmen�s, if any,be escrow�d by Borro�ver,and such dues, fees and assessments sha��be ar�Escrow Ttem. Borra�ver shall promptty furnish to Lender all notices of amounts to be paid under this Section. $orrov�er shall pay Lender the Funds far Es�row Items unl�s�Lend�r waives Bonower'�obligatian to pay the Funds for any or a11 Escrow Items. Lender may wai�e Borrotiver's obiigation ta pay to Lender Funds for any or a�l Escro�v Item�at any time.Any such waiver may only be in vv�-iting. In the event of such waiver, $orraw�r shall pay dire�tly,�hen and where paya�le,the amounts due for any Escrow Items for which payment of Funds has been wai�ed by Lender and, if Lender re�uires, shali fumish to Lender receipts evidenc��g such�ayment within such time period as Lender may require, Barrower's obligation to make such paym�nts and to provide rece�pts shall for a11 purposes be deemed to be a c��enan�and a�reement �onta.ined in this�ecurity�nstrument, as the phrase "ca�enant and agreement" is used�n Sec�ion 9. If Borrower is obligated to pay Escr�w Items directly,pursuant to a waiver, and Borrower fails to pay�he amaunt due far an Escrow Item,Lender may exercise its rights under Section 9 and pay such amount and B�rrovver shall then be obligated under Sectinn 9 to repay to Lende�'an��uch amoun�. Lender may revoke the wai�er as to any or a11 EsGrow Items a�any tim�by a no�ice given in accordance with Se�tion 15 and, upon such revocation,Borrower sha11 pay to Lender a11 Funds,and�n such amaunts,that are then required under this Section 3. Lender may,at any time,collect and hold Funds in an amount(a}suf�cient to permit Lender to apply the Funds at the time sgec�fied under RESPA,and�b}�ot to ex�eed the maximum amount a lender can require under R�SPA, Lender shal�estimate the amount of Funds due on the basis of current data and reasonabie estimat�s of expenditures of future Escro�v�tems or otherwise in accordance with Appiicabte Law. NEBRASKA�ingle Family-Fannie MaelFreddie Mac UNIF�RM iNSTRLIMENT VIIITH MERS Form 3428 1l01 �/Mp� VMPfiA(NE}[1302].Q� Wa4ter�s Kluwef Financial S�iviees Page 5 of 37 q�3366362297 Q233 44� a517