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20110817� claim which Barrower m�ght have r�ow ar in the future against Lender shalt relieve Borrower from making f�Y��+�s d� t��d�r tk�s Na#� and this S��+ty 1r�strut�►�r�t ar p�rfor�ing th� cxi�r�ants an�! agree�nts secured by this Security tnstr�.rmerrt. Z. Appl�c,a#ion of Pay�en�s oc Procesds. E�ct�t as c�tt�enEViss descr+bed 'tn #h�s Sec�ion 2, aN payments accep#ed and applied by Lender shaU be applied 'tn �EF�e following order of priority: f a) ifl#erest due undEr th� Note; �bj Rrincipat due under #he l�lo#e; (c) arriuun#s due under Sectian 3. Such f�Y�� shatl I� applied ta each Periodic Paymertt in the arder in v�rhich it became cfue. Ar�y remaining arrwunts shall be app{ied �irst #o !a#e ct�arges, secor�d to any at�ier amounts due under #his Security lr�strument, ar�d then to reduce the principal balarrce af the Nate. 4# Lender ret�iv�s a pa��# from Bcm for a delinque�t Periodic Payrr�erat w#ich includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the iate charge. if mofe �han one Periadic Paytnent is outstanc#ing, Lender may appty any payment received from BorrovNer to the repayment of the Periodic Payments if, and to the extent that, each paymerr� ear� be paic# irt fvif. To 4�re ext�� rs� �rty exeess exis� ai#er the payr�err� �s apptied to �ie fttN paymerrt of one or more Periodic Payments, such excsss may be appfied to arry Iafe charges due. Vofurrtary prepaymenfs shati be apptied flrst to any prepayment charges and then as described in the Note. �+T'�Y �AA1iea4iort o# payn�eflts, irisurariee pr�eeeds, or Miseetia�eous Pror�eds to prifleipai due uncier the Note shalf not extend or postpone the due date, or change the amount, of the Pe�iodic Payments. 3. Furtds for Escrowr Ftems. Borrower shatt pay to Lender an the day Periodic Paymer�s are du� uc�der t#e No#�, t�+��# the Not� is paid in ftsl#, a sum (ti�e "Funds°) ta prcivide for payr�nt a# amout�ts du� for: (a) �axes and assessmen�.s and ott� items �ich ean attain priarity over this Seeurity fnstrument as a liera t�r encurrtbrar�r� on tt�e Prvperty; {b)leasehold ��er�ts 4r grc�ur�d ren#s c�r� the Property, i# a�Y; E�) PFemitams far any and a{I insurance r$quired by Ler�der �Flder Seetiun 5; and (d} AAoEtgage Insarance pcemiu�ras, if any, uc aray sums paya#�le !ay 8cur�wer t� Lender ir� l�eu a# the f�Yme� ��9�� Ensurance premiums in accordance vvith the provisions o� Section 10. These items are catled "Escrow ltems." At cariginat�n or a# ar�y �rne during #�e term of' t�e �aar►, Ler�der may fequire that Commut�i#y Associatian [}ues, Fees, and Assessmerrts, if arry, be escrowre� by Barrawer, artct such dues, fees and assessmer�ts st�a11 be an �sct�a�r Item. Bcxra�r sira+l �cx�ptly t�ist� #a L�nde€ a# floti�s n# arrx�un#s #o be paid under this Seetion. Borrower shaN pay Lender the Funds for Escrow I�ems un{ess Lender wai�es Borrc�ter's abligatian to pay tfie furtt�s for ar�+ or a� Eserow tterris. Lend�r may wraive Bcsrrower's obligation to pay to Lender Funds for �ny or all Escrow Items at any time. Arty such waiver may only be in vr�iting. tfl t�re ev�r� of sue1� vwaiver, B��vrrer st�aH pay di�ee�y, wh�;n a�rd �ere pay�bie, the atnocittfis due for any Escrow items for which paymenf of Funds fias 6een waived by tender and, ff Lender requires, shaii 'fumish to Lender receeipts evidencing such payment witfiin sucfi time period as tertder may require. Borrower's obtigation to make such payments and to provide receipts shalf for alt purposes be deerr�ed fo be a eove�►a�r�4 a�d ag�eet�fi eorttair�ed in �Mis Seeir�ity I�s�tr�ctrr�ent, as t�e pfi�ase "c�nar�t and agreemertt" is used i� Section 8. tf Borrower is obligated to pay Escrow Items directly, purs�ant to a ruaiver, and Bcnrow+er #ails to pay the amount c#ue fc�r an Esc�ow I#em, #.erfc#srt may� ex�cfse its rvgtt#s ander Section 9 ar►d pay such amourrt and Borrawer shaH then be obflgated urtder Sectior� 9 to repay to �ender any such ainflur'+#. Le�r rnay revoke the vvaiver as tfl any or aN Esc�ovv �#ems at arry t+�n� by a notiee given in aeeardance +,�th Seetion 15 and, upc� such rev�ation, Borrar�rer shall pay to Ler�er aq Ft+rids, at�d in sttch amcx+r�ts, � are ther� reqtaired +a�der t�is Sec#�c� �. Lender �ay, at any ti�rte, colleat and hold Ft�flcis fn an ame�unt (a) su€f�cient to permit lender to aPPly #he Furu�s a# #he tame specifiied a�r�der RESPA, and (bl rw# to exc�ed #he ma�cimum arrac�unt a lender c�an require under RESPA. Lender shaH estimate the amount af Funds cfue an the basis of current data and reasostable estimates of expenditu�es af €uture Escrr�tnr �terr�s ar atherwise in a��rd�ce �vi#t� Ap{�licat3le Lauu. �`L '�°J`- +� 3 O Q fT 1 6 9 1 7 1 � * PR C M D fi T+k IdEBRASKA-Single Famity-Fannle Mae/Freddie M� UNIFORAA INSTRUMENT Form 3028 1/01 (page 4 of 14 pages) Flnale Documeirt ServPt�a B 3027 02/�