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��14��759
<br /> Any app�ication of payments, insurance proceeds, or Mi�c���ane�us Praceeds t�princ�pa�due under�he Not�
<br /> shal�not�x�end flr p�stpone�h�due da��, or change the amaunt, of the Period�c Payments.
<br /> 3. Funds for�scraw Items. Borrower sha��pay to �...ender an the day Period�c Pa�ments are due under the
<br /> I�Iate, unti� the Note is paid in full, a sum�the "Funds"} �a prov�de for payrn��n��f amounts due for: �a} �axes
<br /> and assessrnen�s and o�her items wh�ch can attain priori�y aver th�s Security Instrurnent as a lien nr
<br /> �ncum�branc�on the Proper�y; (b} �easehold payments or ground rents on the Pr�per��, if any; �c}prem�ums
<br /> for any and all insurance required by Lender under Se��ion 5; an.d �d� Mortgage Insurance prem�ums, if any,
<br /> or any sums payable by Borrower to Lender in�ieu of the paymen�of Mar�gag�Insurance prem�ums in
<br /> accordanc�with th�prov�s�on�of Section I�. These items are called "Escrow ��ems." At origina�ion ar at
<br /> any tim�during the�erm of�he Loan, Len�er ma�r�quire that Community Associa�ion I]ues, Fe�s, an�i
<br /> Assessmen�s, if an�, be escrav�ed by B�rrov�rer, and su�h dues, fees and assessments s�all be an�scrow
<br /> ��em. Bflrrower�ha�I promptly furnish�a�.,ender aI� notices of amoun�s��be pa�d under th�s Sec�ion.
<br /> Barro�er sha��pay Lender the Funds for�scrow ��em�s unless Lender wa�ves Barrower's ob�iga��on to pay
<br /> the Funds far any or all Escrovv �terns. Lender ma�wai�e Borrower's obliga�ion tio pay�a Lender Funds for
<br /> any or a�� Escrow I�em.s a�any tirne. Any such waiver may only be in writing, In�he e�ent of such waiver,
<br /> Borrower shalx pay d�rec�iy, �hen and where payable, the amounts due for any Escrow ��ems for v�hi�h
<br /> paymen�af Funds has been wa��e�.�y Lfender and, �f Lender requires, s�a�� furn�sh to Lender rec��pts
<br /> evidencing such paym.ent wi�h�n such�.�me period as L.ender may require. Borrower's obligation�o make
<br /> such payments and to provid�rec�ip�s sha�l for all purpases be de�med ta be a co�renan�and agreement
<br /> con�a�ned �n�his S�curit��ns�rumen�, as the phrase "co�venan�and agreemen�" is us�d �n Sect�on�. If
<br /> Borrower�s ob��ga�ed�n pa� Es�r�w It�ms directly, pursuant�o a wai�er, and Borrov�er fails t�pay�he
<br /> amaunt due for an Escr�w �tem, Lender ma�e�erc�se its r�ghts under Sec��on 9 and pa�such amoun�and
<br /> Borrower shall then be flbl�gated under SeGtion 9 to repa��o Lender ar�y such amoun�. Lender may re�oke
<br /> the wa��rer as�o an�or aI1 Escraw Ite�ns a�any t�me b�a no�ice gi�en�n acc�rdance wi�h Sec�inn �S and,
<br /> upon such revocation, Borrower shall pa��a Lender a�i Funds, and �n such amounts, fhat are then requ�red
<br /> und�r this Sec���n 3.
<br /> Lender may, a�a�.y tzme, co�lect and hold Funds in an amoun��a� suf�i�ien���p�rmi� Lender to apply�he
<br /> Funds at the�ime specif�ed under R.ESPA, and �b�nQ� to exc�ed��e maximum amaun�a lender�an require
<br /> under R�SPA. Lender shall estima���he amaun��f Funds due on�he hasis of current da�a and r�asonable
<br /> es�imates of expenditures o�futur�Es�rav�r Items or otherwis�in aecardance w�th App�icab��Lavv.
<br /> The Funds sha�l �e held in an ins�itution whose depas�ts are in5ured by a federal agency, instrumen�ality, ar
<br /> ent��� ��nc�uding Lender, if I,ender is an�ns��tutian vvhose d�posits are so insured� or in any Federai �Iome
<br /> Laan Bank. Lender shal� apply�he Funds to pa�r�he Escr�w �tems na later than the t�me spe��f�ed under
<br /> RESPA. Lender sha�l no�charge Borrower for ho�ding and applying the Funds, annuali� analyzing the
<br /> escrow account, or verifying�he�scrow ��ems, uniess Lender pays Borrawer interest fln the Funds and
<br /> App��cable Law permits Lender ta make�uch a charge, Un�ess an a�reern�n� is made in v�rrit�ng or
<br /> Appl�cable Law requ�res interest t�be paid on the Funds, Lender sha��not be requir�d to pay Borrower any
<br /> in�erest or earn�ngs on th�Funds. Borrower and Lender can agre� in wri�ing, �ov�ever, that interes�shal�be
<br /> pai�an�he Funds. Lender shall g�ve�� Borrow�r, wi�hout charge, an annuai accounting af�he Funds as
<br /> required by RESPA.
<br /> �f ther�is a surplus af Funds held in escr�w, as de�ned under RESPA, L.�nder shail acc�un��a BorrovWer far
<br /> the excess funds in accordanc�vv��h RESPA. If�here is a shor�ag�of Funds held in escrov�, as defined under
<br /> R�SPA, Lender shall na�if� Borrower as requ�red by RESPA, and Borrower shal�pay�o L�nder�he am�unt
<br /> .. . . . 1 �nen �f
<br /> n�cessary to make up the shor�age �n accordan��wlth RESPA, but�n no more�han 12 month y pay ts.
<br /> �her��s a deficiency of Funds he�d in escr�w, as de�ned under RE�PA, Lender shali notify Bnrrovver as
<br /> NEBRASKA-Single Famity-�anr�ie MaeJFreddie Ma�t1NiF4RM iNSTRUMENT ����3o�s�ia�
<br /> VMP� VMPfi�N�y{'�3D2)
<br /> Walters Kluwer Financial Services P�9��o���
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