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2� 17��754 Z. Appl�cationof Pa�ments ar Proceeds.�xcept as otherwise describ�d in this Section 2, a�l payments accepted a�d app�ied by Lender sha�l be appli�d in the fol�owing orc�er of priority: (a)interest due under the Note;(b)principa�due under the Note;�c}amounts due under Section 3. Such payments shall be applied�o each Per�odic Payment in the order in w�ich it became due. Any remaining amounts shalt be applied f�rst to �ate charges,second to any other amounts due under tbis Security Instrument,and then to reduce the princi�a�balance of the Note. If Lender receives a payxnenf frorr�Barro�ver for a delinquent Per�odic Payment tivhich includes a suff cient amount to pay any late char�e due,the payment may be appliea�to the deiinquent paymeat and the�ate char�e.If more than one Periodic Payment is outstanding,Lender may apply any payment received fram Borrower to the repayment of the Per�od ic Payments i f,and�o the extent that,each payment can be paid in fu�l.To the extent t�aat any excess exis�s af�er�he payment is apptied to the full paym�nt af one or more Periodic Payments,such cxccss may be appiied to any late charges due.Vatuntary prepayments shall be applied first to any prepaymerit char�es and then as described in the Note. Any appli�ation af payments,insuraace proceeds,or Miscetlaneous Proceeds to principal due under the Note shall no�extend or postpone the due date,or change the amount,of the Periodic Payments. 3. Fundsfor Escr�w�tems.Borro�ver shal!pay#o Lender on the day Per�odic PaymeAts ar�due under�he Notc,until thc Notc is paid in fixl�,a sum�the "Funds"}to provide for payment of amounts due far: �a}taxes and assessments and other items which can attain priority aver this Se�urity Instrument as a lie�ar encumbrance on the Property;(b}leasehold payments or ground rents on the Proper�y, if any;(c}premiums for any and all insur�.nce required by Lender under Section 5;and�d}Mortgage Insurance premiums,if any, or any sums payab�c by Borrower to Lcnder in Iieu of the payment of Mortgage Insurance premiums in � accordan�e wi�h the p�ovisions of Section 10,These items are ealled"Escror�v Items."At arigination or at any time during the term of the Loan,Lender may require that Community Assoeiation Dues,Fees,and Assessments, if�ny,be escrow��by Borrower,and such dues,fees and assessmen�s sha�l be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Section. Barrower sha�I pay Le�der the Funds for Esc�aw�tems un�ess Lender wa��es Borrower's obxigation to pay the F�znds for any ar a11 Escrow Items.Lender may�vaive Borrower's ob�igation to pay to Lender Funds for any or al�Escrow Iterns at any time.Any such waiver may anly be in writing.Tn the even�of such wai�er, Borrower shal�pay d irectly,tivhen and where payable,the amounts due for any Escrow Items far which paym�nt of Funds t�a�been wa�ved�y Lender and,i#'�.ender requires,shall furnish to Lender receip�s evidencing such payment within such t�me period as Lender may require.$orro�er's obligatian to make s�ch paymen�s ana to prc�vide re�eipts shali for all purpos�s be de�med to be a covenant and agreement conta.ined in this Security�nstrument,as the phrase"co�enant and agreement" is used in Section 9.If $orrawer is t�bliga�.et�to pay Escrow Items directly,pursuant to a wai�er,and Borrower fails to pay the amount dtie for an Escro�v Item,Lender may ex�rcise its rights under Section 9 and pay such amount and Burrower shall then be obii�at�d under Section 9�o repay ta Lender any such amount. Lender may revoke the�vaiver as to any or a11 Escrow Items at any time by a notice given in accordance with Section 1 S and, upon such revUcation,BorrUwer sha.11 pay to Len�er alj Funds,and in such amounts,that are then required under this Section 3. Lender rnay,at a�y time,collect and hold Funds in an amount(a}sufficient to permit Lender ta apply the Funds at the time specified u��der RESPA,and(b)not ta exceed the maximum amouut a lender can r�quire under RESPA.Lender shall estimate the amount of Funds due on the basis af current data.and reasonable estimates of expenditures of fiature Escro�v Items or otherwise �n accardance with Appticable La�. NEBRASKA-5��9[e Famiiy-�annie MaelFredd�e Mac UNlFORM INSTRUNIEMT WRTH M�RS Form 3428 3fD1 VMP� VMPfiA�NE}(�342}.44 Wolters FCluwer FinanciaE Services Page 5 of 17 q4 669 �157 233 518 0 17