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��14��377
<br /> Any applica��an of payments, �nsurance pr�ceeds, or M�sc���aneous Fr�ceeds to principal du�under�h�No�e
<br /> shal�no�extend or postp�ne�he due date, or�hange�he amaunt, of the Period�c Payments.
<br /> 3. Funds for Escrow Items. Barrower shal�pay�o Lend�r an the day Periodic Paymen�s are due under�he
<br /> No�e, until the Note�s paid in ful�, a sum�the "Funds"}to pro��de f�r paymen�of amounts due for: �a} ta�es
<br /> and assessments and other i�ems which can a�tain pr�ority o�er�his Security Ins�rumen�as a�ien or
<br /> encUmbranc�on th�Praper�y; �b}leas�hold paymen�s or graund r�nts on the Property, �f any; �c�premiums
<br /> f�r any and all rnsurance requ�red by L�nd�r under Se�ti�n 5; and�d} Mor�gage�nsurance premiums, �f a.ny,
<br /> or any sums pa�ab�e by B�rrovver�a Lender in lieu�f the pay�nent af Mor�gag�Xnsurance premu.ums�n
<br /> acc�rdance wi�h th�provis�ons of Sec�ian 1�. These�tems are ca��ed "�sGrav����ms." At origina�ion or a�
<br /> any t�me during the term of the I.�an, Lender ma�require tha��ommun��y Assacza�zan Dues, Fees, and
<br /> Assessments, if any, be escr�wed by Borrower, and such dues, fees and assessmen�s sha��be an Escrav�r
<br /> �tem. Borrovver sha��promp��y furn�sh to Lender all notices of amoun���o�e paid under�his Sec�ion.
<br /> Borrower sha��pay Lender the Funds far Escrflw�tems unless Lender wai�es��rrawer's obl�gation to pa�
<br /> the Funds for any or a�l Escr�vv Iterns. Lender m.ay wa��e Borrower's obixgat��n�o pay�o Lender Fur�ds for
<br /> any or a�� Escra�v Items at any time. An�r such waiver�rnay only be in�vx�iting. In�he e�en�of�uch v�aiver,
<br /> Borrower sha�l�ay d�rec�iy, when and where payab�e, the amoun�s du�for any��cr�w Items for�vhich
<br /> payment of Fund�has been vva�ved by Lender and, if Lend�r requires, sha�I furnish to Lender receip�s
<br /> evidenc�ng such paymen�wi�hin such��rne per�od as�,ender may requ�re. Borro�v�r's obl�gatian�o make
<br /> such payments and to provide rec.�ipts sha�� for a��purposes be deemed�o be a covenan�and agreernen�
<br /> contained�n this Securit��nstrum�n�, as�he phrase "covenant and agre�ment" is used in Sec��an 9, If
<br /> B�rrower i�obl�gated to pay�scrow I�ems direc�ly, pursuant to a waiver, and Borrawer fails�o pay�he
<br /> am�unt due for an Escrow��em, Lender may e�erc�se its rights under Section 9 and pay such amaun�and
<br /> Barrow�r shall �hen be ob�igated und�r Sect�on 9 to repay to Lend�r any such amount. I.�nder may revoke
<br /> �h�wa�v�r as ta any or all Escraw i�ems at any time by a no�zce gi�en in acr.ordanc�w��h Sect�on 15 and,
<br /> upon such revflcat��n, Borrawer shax�pay to Lender a11 Funds, and in such amoun�s, tha�are�h�n required
<br /> under�h�s Sec��on 3.
<br /> Lender may, a�any time, co���c�and hold Funds in an amaunt�a} sufficient t�p�rmit Lender�o app�y�he
<br /> Funds a�the t�me specifi�d under R.ESPA, and�b}na�to�xceed�he maximum amoun�a lender can require
<br /> under R�SPA. Lender sha�l es�ima�e�he am�unt af�unds du�an�he basis�f curren�da�a and reasonab�e
<br /> es�ima��s of expenditures of future Escrow�tems or otherw�se in ac�ardance wi�h App�icable Law.
<br /> The Funds shalx be h�ld in an inst�tu��on whose d�posi�s are�nsured by a federal agency, ins�rum�ntality, �r
<br /> entxty �xncludxng Lender, xf Lender�s an xnstitution vwhose depos��s are so insured}or�n any F�deral Ham�
<br /> Laan Bank. Lender sha�� apply the Funds to pay th�Es�row I�ems no�ater than the time spec�fi�d under
<br /> R�SPA. L.ender shall not charge Borro�uer far ho�ding and applying�he Funds, a�ulually analyzing��e
<br /> e�cravv accaunt, or��rifying the Escrovv�tems, unless Lender pays Borrovver interes�on�he Funds and
<br /> Applicable Law p�rmi�s Lend�r ta make such a charg�. Un�ess an agreem.en��s made in writ�ng ar
<br /> Appl�cabie La�v requir�s interest to be paid on the Funds, Lender shall nv�be r�equ�red ta pay��rrv�ver any
<br /> interes��r earnings on the Funds. Borrower and L.�;nder can agree�n►�vri�ing, �owe��r, tha�interest s�ia����
<br /> pa�d on�he Funds. Lender shal� g��re�a Borrowery w�thou�charge, an annua� accoun��ng of�he Fu.nds as
<br /> r�quired by R.E�PA.
<br /> �f�here�s a surplus of Funds he�d in escrou�, as def�ned under RESPA, L,�nder sha�� accaun���Borrow�r for
<br /> th�e�cess funds in accordance wi�h RESPA. If there is a shar�age�f Funds he�d in escro�r, as defined under
<br /> RESPA, Lender�ha�l not�fy Borr�wer as requ�red by RESPA, and Borrower shail pay to Lender the amount
<br /> necessary�� make up �he shortage�n accordance�rith RESPA, bu� �n no more than ��monthly paymen�s. �f
<br /> �here�s a de�ciency af Funds he�d�n escrow, as defined under R.ESPA, Lender shal�notify Barrower a�
<br /> NEBRASKA-Sir�gle�amiEy-�annie MaelFreddie Mac UN1��RM INSTRUMENT �orm 3028 i 1�'�
<br /> VMP� VMPfi(N�y ti 302)
<br /> Walters Kluwer�inancial S�r�ic�s Page 5 vf�7
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