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2� 1 7�2 72 2 Z. Appl�cati�nof Payments or Praceeds.Exc�pt as otherwise described in this Section 2, all payments accept�d and apptie�hy Lender shal��e applied in the follo�ing ord�r pf pria�ity; �a}in#��r�st t�ue under t�� Nate;(b)principal due under the Note;�c}amounts due under Section 3. Such payments shall be app�ied to eac�h Periadic Pa�rnent in the�rder in whieh it became d�e.�n�re�aining amau�ts shal�be app�ied first to late charges,second to any other amounts due under this Se�urity Instrument,and then ta r�duce the p�in�ipal ba�an�e of�he l�ate. If Lender receive�a payment from Borrawer for a delinquent Periodic Payme�t which inciudes a sufficient arnount to pay any�ate Gharge due,the payment may be applied�v th�delin�uent payment and�he late charge. If more than ane Periodic Faymen�is outstanding,Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if,and ta the extent that,each payment can be paid in fu�l.To�he extent that any excess exists after the payment is applied to the fu��payment of an�or more P�riodic�'ayrnents, such excess may be applied to any�ate charges due.Votuntary prepayments Sha11 be applied f rst tv any prepayment eharges and then as descr�bed in the Note. Any applicatian of payments, insurance prac�eds,or Miscellar�eous Proceeds��principal due under the Note sha�1 not ex�e�ad or pas�pone the du�date,or change t�e amaunt,af the Periodic Payments. 3. Fundsfar Esero►�v It�ms.Barrower shali pay ta I�ender or�the day Periv�iic Payments�.re due under the Note,unti�the Note is paid in full, a sum�the "Funds")to pro�ide for payment of amounts due for; (a�taxes and ass�ssm�nts�,nd o�ther items which can attain pri�rity over this Security Instrument as a 1ier�or encumbranc�on the Praperty; �b}Ieasehold paymen.ts or ground r�nts�n the Pr�perty, if any; ��}prerniums f�r any and al�insurance required by Lender unde��ection 5;and�d}�Is�ortgage�nsurance pre�iurr�s,xf any, or any sums payable by Borr�wer t�Lend�r in lieu of the payment of Mortga�e Insurance premiums in accordance with�the provisions of�ection�Q. Th�se it�ms ar�cal�ed"Escrow Items."At origination of at an�tim�during the term of the Laan,Lender may require that Community As�ociation Dues,Fees,and A�sessm�ntss if a�n�r,be�scrov�ed by Borro�er,and suc�d�aes,fees and assessments s�all be an Escro�v Item. Borra�er sha�1 promptly furnish to Lender a1�natices af amounts to�e paid under this Section. Bo�rov�er sha�l pay Lencter the F�nds far Escro�v Items unless Lender�vaives Borrower's obligati�n t4 pay the Fun�s for any or a11 Escraw Items. Lender may wai�e Borrawer's obligation to pay to Lender Funds far any ar alI Escro�rtem�at any time.Any such wai�er may only be in writing.�n t�a�event of such wai�er, B�rr�wer shall pay directly,when and where payab�e,the amaunts due for an�r Escrow Items for whi�h payment af F�ands ha��e�n wair�e�by L�nder an�,if Lend�r re�uires,sha11 furnish ta Lender receipts e�idencing such payment within such time period as Lender may requue. BorrQwer's obliga�ian to make such payments and to provide receipts shall far all purposes l�e deemed to be a co�enant and agreement contained in this Security Instrument,as the phrase "co�enant and agreement"is used in Sect�on 9.If B�rrower is abligated to pay Escrow Items directly,puirsuant to a wai�er,and Borrawer fails to pay the arnount due for an Escrow Item,Lender may exercise its rights under Sectian 9 and pay such amount and B�rrower shal�then be obligated under Section 9 to repay to Lend�r aay such amount.Len�ler may revoke the waiver as�o any or a11 Eserow Items at any time by a notice gi�en i�a accordanc�with Section 15 and, upon such revoca�ion,Borrawer sh�ll pay to Lender atl Funds,aad in such amounts,that are then required under this Se�tion 3, Lender may,at any time,collect and hotd Fund�in an amouat(a}suf�cient to permit Lender to apply the Funds at the t�me specif��d under RESPA,and(b�not to exceed the max�mum amount a�end�r can r�quire under RESPA. Lender shali estima�e the amoun�of Funds�ue on the basis Qf current data and reasonable estimates of expenditures c�f future�scrow�tems or ot�erv�i�e�n�cc�rdance�ith Applicable Law, lVEBRASKA-SSng4e Fam�l�-'Fa�r�ie Miaef�r+e�die N4ac Uf�IFORI►�I SNSTRUMENT WITH MERS �orm 3��8 1101 VMP� VMP6R(NE}(13(}2}.�4 Woltars Kl�wer Financi�l Sen►ices Page 5 of 17 q 374975272 ��33 347 �517