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2� 17��3�3 �. Applicatior�of P�yments vr Proceeds.Except as otherwise described in this S�ction 2, a�1 paymen�s accepted and appli�d by Lender sh�Il b�applied in t�,e foltowing o�der of priority: �a}i�nter�e�t due under the Nate;�b}principal due under the Nate; (c)amounts due under��ct�on 3. Such payments shalt be applied ta ea�h Peri�di�Payrr�ent in the vrder in which it beca�ne d�e.Any remaining am�unts shall be ap��ied first to late charges,second to an�ather amounts due u�der this Security Ins�r�ment,and then ta reduce the princ�pal ba�an��e o�the N�te, If L�nder re�ei�es a payment from Barrower for a de�inquent Periodic Payment which inciudes a suff cient amount to pay any tate charge du�,the payment may be applied to�he deliaquent paymen�and the late charge, If more than one Periodic Paymen�is out�tandiag,Lender may app�y any payment received from Borro�ver to the repayment of the Peripdic Payments if,and to the extent that,each payment can be paid�n fu�l.To the extent that any excess ea�ist�a�t�r the payment is applied to th�fu�l payment of ane or more Feriodic Payments, such excess may�e applied t4 aay late charges du�.Volunta.ry pr�payments sha11 be a�plied fust�o any prepayment char�es and then as described in the Nat�. Any app�icat�on of payments, insura�ce proceeds,or Miscellaneous Proceeds to principat due under the Note shall not extend�r pastpone the due date,or change�he amount,�f the Periadic Pa�ments. 3. Fundsfor Escrow it�ms.Borrower�ha11 pay tQ Lender�r�th�day Periodi�Payments are dt�e unde�the Nate,until the Note is pa�id in ful�,a sum�the"Funds"}to provide for payment of amounts due for; (a}taxes and assessments and other items which can attai�pr�ority over this Security Instrument as a lien ar encumbranee on the Property; (b}leaseho�d payments flr ground rents a�the Property,if any;�c}premiums for any and alI insurance required by Lender un�ler Se�tion 5;and�d�1V��rtgage Insurance premiums,if any, ar any sums payable by Borrow�r to Lender in lieu of the payme�t of Mo�gage�nsuraaee premiums in accordance with the provisions of Section�Q.These ite�ns ar�called"�scrow�tems."At origination or at any time during the term of the Loan,Lender may require that C�mmu�ity Assoeiat�on Uues,Fees,and Ass�ssments,if ar�y,be es�r4�ed�y Borrov�er,and such dues,fees and asse�sments�hall he an Escraw Item. Borrower shall pr�mp�ly furnish to Lender atl notices of amounts to�e paid uader this Secti�n. Borro�rer shall pay L�nder the Funds f�r Escr��v�tems unless Lender wai�es Borrower'S�bligation to pay the Funds for any ar a1I�scr�vv Items. Lender may waive Barrower's obligation to pay to Lender Funds for any or al�Es�r�v�r It�rns at any time.Any such r�raiver may vnly be in w�'iting.In the e�ent af such wai�rer, Borrawer shall pay directly,when and�vhere payable,�he amaunts due for any Escrow Items for which payme�t of Funds has been waived by Lender and, if Lender requires,sha11 fixrnish to Lender re�eipts evidencing such payment�vithin such time period as Lender may require. Borrower`s obligati�n ta make �uch payments and to provide receipts sha11 for ail�urposes�e deemed to be a covenant and agreement can#ained in this Security Instr�ument,as the phrase"covenant and agreement" is us�d in Section 9, �f Borrower is vbligated to�ay Escrovt�Items directly,pur�uant to a waiv�r,and Borrot�ver fails to pay the amaunt due for an Escr�w Item,Leader may exercise its rig�ts under Sec�ion 9 and pay such amount and Borr�wer shall then be obligated under�ection 9 to repay to�ender any such amaun�. Lender may revoke the wai�er as to any or ai�Escrow Items at any tkme by a notice given in acco�rdance with 5e�tion 15 and, upan such re�ocati�n,Iiorrower shall pay to Lender all Funds,and in such amounts,that are then re�uired und�r this SeG�ion 3, Lender may,�t any time,callect and hold Funds in an amount�a��ufficie�t ta permit Lender to apply�he Funds at the�im�specifi�d under RESPA,and�b}nat to exceed the maximurr�amount a Iender ca�n requi��e under RESPA.Lender shall estrmate the amount of Funds due on the basis�f current data and reasonable �stimates of expenditures af future Escrow Items ar other�vise in a�cordance�ith�pplicable Law. MEBRASKA Sing4e�ami�y-�a��4e MaelFreddie Mac UN4F�RM ft�STRUMEri1T WITM MERS Farm 3�Z8 1l41 VMP� VMP�A[N�]{1342].4D Wvlters iCluwer Financia�5erv�es Page 5 of f 7 q4 36 7481 U 33 39 1