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��14��445
<br /> Any application�f payments, �nsurance proGeeds, or Miscellaneous Pr��eeds ta pri�cipa�due under the Note
<br /> shall not extend �r po��pane�he due da�e, or change the am�unt, of the Periodic Payrnen�s.
<br /> 3. Fund�for E�cro►�v I��ms. Borrower shall pay to Lender on the day Periodic Paymen�s are due under the
<br /> N��e, unt�� the Note is pa�d�n ful�, a sum�the "Funds"} to provide for pa�ment of amounts due for: �a}�axes
<br /> and a�sessments and other items wh�ch can attain priority o�er�his Securi�y�nstrument as a�ien or
<br /> en�umbrance on the Proper�y; �b} �easehald payments or ground r�nts on the Property, �f any; ��}premiums
<br /> for any and al� insurance requ�red�y Lender under Section 5; and �d} Mor�gage�nsurance prer�iums, if any,
<br /> or any sums pa�able hy Borrov�rer to Lender in�ieu of t�e pa}�rn�nt of IVinr�gag��nsuranc�premiums�n
<br /> accordance with the pro�isians of S�ction 10. Thes��tems are�a��ed "Escro�v ��ems." At or�gina��on or a�
<br /> an�r�ime during the t�rm of the Loan, Lender may require that�om�mun�t�Associat��n Due�, Fe�s, and
<br /> Assessmen�s, if any, be escrowed by B�rrow�r, and such dues, fees and ass�ssments shaii be an Es�row
<br /> ��em. Borrower sha�1 prompt�y furn�sh�o L.end�r al��ot�ces�f amounts to be paid under��s Sec�ion.
<br /> �arrower sha��pay Lender�he Funds for Escr�w�t�,s un�ess Lender v�aives Barrower's ob�igation to pay
<br /> t�ie�unds fflr any�r al� Es�row �t�ms. L.�nder may�va�ve Borrow�r's�bl�ga�ion to pay�o L�nder Funds for
<br /> ar�y or ai� Escrow �tems a�any time. An�such v�ra�ver may on�y be�n wri��ng. �n the e�en�o�such wai�er,
<br /> Borrawer sha�i pay direc���, when and where payab��, �,he amoun�s due for any �scrov�r �tems for v�hic�
<br /> pa�nrzen�nf Funds has been wai�ed by Lender and, if L,ender requ�res, sha�� furnish�o L,ender rec�ip�s
<br /> e�rid�ncing such pa�men�wi�hin such time period as Lfender may require. Borrower's obiigation to make
<br /> such paymen�s and to pro�ride rec�ipts sha11 far ail purposes b�deemed t�be a co�enan�and agreem�n�
<br /> con�a�ned in�his Secur��y �ns�rum�nt, as�he p�rase "ca�enant and agreement" is used�n Sect�on 9. �f
<br /> Barrav�er�s�bliga�ed�o pa�Escrav�r �tems direc�ly, pursuan��o a v�ai�er, and Borrawer fails to pa��he
<br /> amount due for an Escrow I��m, Lender may exercise i�s rights under Sec�ion 9 and pay such amoun�and
<br /> Borrower sha�l then be�b�igat�d under Sectian 9 to repay to Lender an�r such amount. Lender may revake
<br /> �he wa�ver as�o an��r a�I �scrow�tem�s at an�r�ime by a no�i�e gi�v�n�n accordance w�th 5ec�ian 15 and,
<br /> upon such r��o�ation, Borrower shall pay to Lender all�unds, and �n such amounts, �hat are�hen requrred
<br /> under this Sec���n 3.
<br /> Lender�nay, a�any t�nze, co��ect and hold Funds in an amoun��a} suf�cxent�o pernzi�L.�nder�o app�y the
<br /> Funds at the��me spec�fed under RESPA, and�b�not t�exceed th�m.aximum arnount a lender can require
<br /> under RESPA. Lender sha���stimate the amoun�vf�unds due�n the ba�i��f�urren�da�a and reasonable
<br /> est�mates of expenditures of future Escrov�r Y��ms ar otherwis�in accordance�ith Applicable Law.
<br /> The Funds shall be�e�d in an xnst�tut�on v�hose depasits ar�insured by a federal a�ency, instrum�nta�ity, or
<br /> ent��y��ncluding I,ender, if Lender�s an insti�ution whose depasits are so �nsured}ar in any Federal �3�me
<br /> i.oan Bank. L.�ender shall app�y the Funds to pay the�scrow ��ems no later than th����m.e specif�ed under
<br /> RESPA. Lend�r sha11 n��eharge Borrower for holding and a�p�y�ng th�Funds, annual�y ana�yzing the
<br /> escrow accoun�, ar�er�fying the Escro►w Items, unless Lend�r pays Borrower�nterest on�h�Funds and
<br /> Appl�cable Law p�rm��s L,�nder ta ma.ke such a charge. Un�ess an agreement�s mad�in v�ri�ing or
<br /> Appl�cable Law requires in�erest to be paid on the Funds, L.ender shall not be required to�a��orrower any
<br /> interes�or earnings on the Funds. Borrav�er and Lender can agree in wri�ing, howe�er, tha�in�erest shall be
<br /> pa�d on the Funds. Lender shall���e t� Borraw�r, v��th�u���arge, an annual account�ng of�he Funds as
<br /> requ�red by RESPA.
<br /> �f there�s a surplus of Funds held in escrav�, as defined under RESPA, Lender shall accoun�ta Borrower for
<br /> �he excess funds in accordance urith RESPA. �f there is a�hartage of Funds h��d in escrov�, as def�ned under
<br /> RESPA, Lender shall no�.ify Borrawer as required by RESPA, and Borrower shali pay to L.�nder�h�amount
<br /> necessar�ta make up�h�sho�age�n accordance w�th RESPA, �ut in n�mo�re�han 12 manthly pa�ments. �f
<br /> �here�s a de�ciency of Funds h�ld in es�row, as d�fined under R.ESPA, Lender shall nv��fy B�rrower as
<br /> N�BRASKA-Single Family-Far�n�e Mael�reddie Mac UNI�ORM 1NSTRtJMENT Forrn 3�28 11d1
<br /> VMP� VMP6fN�)(13Q�3
<br /> Wolters K€uwer�inar�cia(S�r�ices Pag�5 af#7
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