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2� 17��599 �. Appticationof Payments or Pro�eeds.�xeept as otherv�ise described in this Section 2, a11 payments aecepted and app�ied by Lender�hall be applied in the following order af priorxty: (a}in#erest due under the Note;(b)principal due under the I�Tot�; (c}amaunts due under Section 3, Such payments shatl be applie�to each Per�odi�Payment in the order in which xt b�came due.A.ny remaining am�unts shal�be app�ied�"�rst�o late char�es, second to any other amounts due under this�ecurity Instrument,and then ta reduce the princ ipal baian�e o f the Note. If Lender recei�es a payment fram Barrawer for a delinquent Periadic Payment which inciudes a sufficient amaunt to pay any late charge due,the payment may be applied to the delinquent payment and the late charge.If mare than one Feriadic Payment is outstandiag,Lender may app�y any paymen�recei�red from Borrower to the repayment�f the Periodic Fayments if,and ta the extent that,each payment can be paid in fuil.Ta the extent that any exces�ea�i�ts af��r the payment is applied t�the fu11 payment of one or more Periadic Payments, such excess may be applied to any late charges due.Voiuntary prepayments shal�be applied first to any prepayment charges and the❑as de5cribed in the Nate. Any application of payments, insurance proc�eds,or Misc�llaneous Proceeds to principai due under�he Note �ha1�nat extend or pnstpane the due date,or change the am�unt,of�he Periodic Payments. 3. Fundsfor Escrow ltems.Borrower sha�l pay to Lender on�he�ay Periodi�Payments are due under the Nate,until the Note is paid in fu1�,a sum�the"Funds"}to pro��de for payment of amaunts due far: �a}taxes and assessmen�s and other items which can attain priority o�er this Security Instrument as a�ien or encum�rance on the Property;�b}leasehold payments or ground rents on the Property, if any;(c)premiums for any and a��nsu�ance r�equ�red b�Lender unde�'�ect�vn�;and(d)N�vrtgage Insurance premium.s, if any, or any sums payable by Borrower to Lender rn lieu of the payment af Martgage Irisurance premiums in accordance with the provisions of Section 1�.These�terns are ealled"Escrow Items."At origination or at any time during the term of the Laan,Lender may require that Community Association Due�,Fees,and Assessments, if any,be escrowed by Borrower,and such dues, fees and assessments shalt be an�scrow Item, Barrower sha�1 pramp�.ly furnish to Lender a�l notices of amounts ta b�paid under this�ectian. �vrrow�r s�.al1 pay L�nd�r th�Funds for Escraw Iterns un�e�s Lender�aY�es Borra�eF`s oh��gatxon to�a� the Funds for aay or all Escrow Item�. Lender may wai�e Barrotiver's obligation ta pay to Lender Funds far any or all Escrow Items at any time.Any such wai�er may only be in writing.In the event of such waiWer, Borrower shail pay directly,when and wh�re payable,the amounts due for any Escr�w Items for which paymen�of Funds has been waived by Lender and, if Lender requires, sha11 furnish to Lender receipts e�idencing such payment within such time period as Lender may re�uire.Borrow�r's�b�igation ta make such paymen�s and to pravide receipts s�a1�far a1�purpases he deemed to be a co�enant and agreement cantained in this Security Instrument,as the phrase"covenant and agreement" is used in Sectian 9.�f �orrower is obligated to gay Escrow items directly,pursuant to a wai�er,and$orrower fails ta pay the amou�t due for an Escrow Item,Lender may exercise its rights under 5ection 9 and pay such amount and Borrower shal�then be obligated under 5ection 9 to repay to Lender any such am�uat. Lender may revoke the waiver as to any or a11 Escrow Items at any time by a n�tice given in accordance with Section 15�nd, upan such re�oca�ion, Borro�ver shal�pay to Leader al1 Funds,and in such amounts,that are then required under this S�ction 3. Lender may,at any time,co�lect and hol�Funds in an amaunt(a}sufficient to permit Lender to apply the Funds at the time specif�ed under RE�PA,and�b)n�t to exc�ed the rnaximum amount a�ender can require under RESPA.Lender shall estimate the amount af Funds due an the basis of current data and reasonable estimat�s of expend�t�u-es of futu.re Escro�v Items or otherwise in accordance�rith A�pliGable Law. NEBRASKA-5ingls Famfly-Far�nie MaelFreddie Mac tJNlFORM INSTRUMENT WITFi MERS Form 3428 1141 VMP� VMP6A4NE)�1342].4D Wo�ters Kluwer Fina�ctal 5ervices Page 5 af 17 q� 367 591 4 3 43 � 17