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2� 17�225� Z. Applicationof Payments ar Proceeds.Except as otherwise described in this Section 2, a11 payments accepted and applied by Lender s�all be applied in the€ollovWing order of priority: �a}in�erest due under the Note;�b}principal due u�.der the Note; (c)amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts sha�l be app�ied first to �ate charges,secon.d to an�other amounts due under this Security Instrument,and then to reduce the principal balance of the Note. If Lender receives a paymen�from Borro�er for a de�inquent Periodic Payment whi�h includes a suff'�cient amount to pay any late cha,rge due,the payment may be app�ied to the de�inquent payment and the�ate charge. If more than one Per�odic Payment is outstanding,Lender may apply any payment rece�ved from Borrower to the repayment af the Periodic Payments if,au�to the extent that, each payment can be paid in fult. To the extent that any excess exists ai�er the payment is applied to the full payment of one or more Periodic Payments,such excess may be applied to an}�Iate charges due. Voluntary prepayments sha11 be app�ied first to any prepayment charges and then as described in th�Note. Any app�ication of payments,insurance proceeds,or Misce I taneous Proceeds to principal due under the Note shall not extend or postpone the due date,or change tbe amount,of the Periodic Payments. 3. Fundsfor Escrow ltems.Borrower sha11 pay to Lender on the day Periodic Payments are due und�r the Note,until the Note is paid in fult,a sum�the "Funds"}to pro�ide for payment of amounts due for: (a)taxes and assessments and other items which can attain priority a�er this�ecur�ty Instrument as a lien or encumbrance on the Property;(b}leasehold payments or garound rents on the Property,if any; (c}premiums for any and a��nsurance required by Lender under S�ction S;and(d}Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender�n lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 1�. These items arc called"Escrow Items."At origination or at any time during the term of the Loan,Lender may require that�ommunity�ssociation Dues,Fees,and Assessments, if any,be escrowed by Borrower,and sucb dues, fees and assessments sha��be an Escrow Item. Borrower shat�promgtly furnish to Lender al l notices o�`amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow�tems unless Lender wai�es Borrower's ob�igation to pay the Funds for any or aII Escrow Items. Lender may wai�e Bonower's ob��gation to pay to Leader Funds for any or a11 Escrow Items at any time.Any such wai�er may only be in writing. In the event of such wai�er, 13orrower sha��pay duectly,when and where payable,the amounts due for any Escr�w Items for vvh�ch payment of Funds has been wai�ed by Lender and, if Lender requires,shall fU.rnish to Lender receipts e�idencing such payment within such time per�od as Lender may require.Barrower's obligation�o make such payments and to provide receipts sha11 for al1 purposes be deemed to be a covenant and agreement contained in this Security Instrument,as the phrase 'fcovenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly,pursuant to a wa��er,and Borrower fails to pay the amount due for a�Escrow Item,Lender rnay exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount.Lender may revoke t�e waiver as to any�r a�1�scrov��tems at any time by a notice given in accordance with Section 1 S and, upon such re�ocation,Borrower shall pay to Lender a��Funds,and in such amounts,that are then required under this Section 3. Lender may,at any time,collect and hold Funds in an amount(a}sufficient to perm�t Lender to apply the Funds at the time speci#"ied under RESPA,and(b�aot to exceed the maximum amount a lender can require under RESPA. Lender sha�l estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicab�e Law. NEBRASKA-Singie Family-Fannie MaelFreddie Mac UNIF�RM INSTRUMENT WfTH MERS Form 3428 114� VMP� VMP6A(NEl(1342}.4Q Wolters Kluwer Financial Serv€ces Page 5 of 1 T q033?3925312 4233 583 �S1?