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�01103�9� amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment &om Borrower for a delinquent Perlodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Paynuent is outstanding, Lender may apply any payment received from Borrower to the repayment of the PerIodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess ex9sts after We payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment chazges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Bonower shall pay to Lender on the day Periodic Paynuents are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiwns for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sr�ms payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Secflon 10. These items are called "Escrow Items." At origina�ion or at any time during the term of the Loan, Lender may require that Corrununity Association Dues, Fees and Assessments, if any, be escmwed by Bonower, and such dues, fees, and assessments shall be an Escrow Item. Borrower shall prompfly furnish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or aIl Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in wrIting. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreeraent contained in this Security Instrument, as the phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items direcdy, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be obiigated wnder Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Fscrow Items at any time by a noflce given irt accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all 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 pertnit Lender to apply the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. Lender shall estimate the amount of NEBRASI{t� — S(agle FamllY •- Pannie MealFraddia Mae UNIFORM INSfRUMENT Form 3028 ll01 �G� GCC - G3028-05 (09/Ol) (Page S of19) Initials;