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��14��771 <br /> A��r ap�li�a�ion of pa�men�s, insu��an�e pra���ds; ox� M iscel�an�ous Pra��eds ta prin�ipal d��e un�er th� Nat� <br /> sha�l nat extend or pos�po��� t�� �ue date, oi� chang� the �moun�, of th� P����a��ic Payments. <br /> �. runds fo�� �sc��ow ��enas, Barr��v�r shall pay ta Ler��.er �n th� �a� Pez�io�iic Pay�ae��s a�e �ue ��ndex th� <br /> N ot�, unti� the N ote is pa�d in �uII, a s���n ��h� "Funds"} ta pro�td� f�r �a�m�nt of am ount� clue for: �a} �ax�s <br /> ancl assessments ant� o�h�r it�ms which �an ati�ain priarity �ver �his Sec��rz�y Ins�r��i�lent as a lien ar <br /> encuna�rance at� tl�e P�o�erty; ��} l�aseh��d p��r��en�s or g�oun� r�n�s o�a th� Prop�rty, zf any; ��} pi��miums <br /> fo� �ny ��ad all �r�suranc� z�equzred �y Len�er ut�d�r S���i�n 5; anc� tci} M oz�tgage �i�surance px�emi��n�s, if any, <br /> �r any s��m.s paya�Ie by B���r�w�r �a L�nder in �i�u �f tl�e paym�n� of M ortgage Insui+an�e px�mium� in <br /> a��ordance wi�h the pt�o�isians af Secti�n ��, Th�se i�ems are call�� "Escro� It�ms," A� origina�ion or at <br /> any �im� during th� term �f�he L�an, L�nder may �equir� that Comm.uni�y Asso�iation Dues, Fe�s, ancl <br /> A ssessme��ts, if ai�y, ve escraw e�l by B arraw�r, �n� suc� c�ues, f��s and assessm�nts sf�all be an Escro�v <br /> Ztem, Borra�er shall pramptly ���r�ish to L��d�r a�� noti�es of amounts to be paid under tllis Sect�on, <br /> Borrow�r sha�l pay Lender �he Fu�ads for Es�row �t�ms unless L�nder �ai�es B�rrawer's obliga�ion to pay <br /> �h� Fu��ls fo�� any at� a�l Escro� It�ms, L�ndex ma� �va�v� Borro�v�x�'s obligaxion to p�� �o Len�er run�s for <br /> an� ar all E scrow It�m s at any time, A ny suc11 w ai�rer m a� only bc in w ri�ing. Ii� the e�ren� af su�h w aiver, <br /> B�rxowe�� sh�ll pay ��irec�ly, v����n a�ld v�h�r� payab��, �h� atnaun�s due �a�� any Escrou� �tems for v�hi�h <br /> paynaent of F��nrls has �e�n v�aivecl �� Lend��� andf if Len��t� t�equiresy shall �urnish to Lend�z� r���ipts <br /> evic�en�i�ag such �ayment �itlain .such time period as Len�l��� m�y requir�, B�rrow�r's obligation �a ma�� <br /> suc� paylnents anci t� �ro�ir�e r�ceipts sha1� f�r all p��rpases be de�m��� �a be a cav��ant ai�d agr�etneiat <br /> ��t]�c�1I1�(� I1] �h1S S�Ctll�it� �nstrumcnt, as the ph��as� "co�enant and ag�eement" is us�d in S�ction 9. If <br /> B�rt�o�ve� is abligat�tl to pay Es���o�r Ztems t�ir�ct�y, pu��suan� ta a �vaiver, and B�rrower �ails xo pay th� <br /> amaunt due for a�� Es�row Item, Lender may exercise its righ�s untl�r S�ct�on 9 ar�cl pay such amo��n� a���l <br /> Borr�wez� slaa�l �hen b� oblzgate�l u�a�ier S�ctian 9 t� r�pay to L�nder an� su�h amount, Lend�r �nay i��voke <br /> the �raive� as �� �n� o� al� �scra�r I�eins at any tim.� �� a n�ti�� gi�en in accordance witl� Sec�ion �5 an�, <br /> upon such re�o�ati�n, Bax�ra��r shall pay to Le�der alI Fl�n�s, and in su�h am���nts, that �t`e then r�quir��l <br /> u�der this S��tian 3. <br /> Len�ex� may., at any time, c�11��� at��� hold Fu���is i�� �n amo�nt �a} su�fici�nt to pet�mit L�n�ier to a�pl� �h� <br /> Funds at the tin�e sp�eified unc���� R�SPA, and ��} n�t to �xc��d �h� m�xim��m amount a 1�n�er c�n ��equ�re <br /> und�r RESPA. L�nr��r shall cs�im at� the am ount of run�s due �t� the basis o�c�rr�nt c�ata an�i ��easonable <br /> �stin�a�es o f expen��it��res a f fut�tt�� E s�ra� It�m s o r a th�t��v is� in a�co��danc� w ith A pplica�Ie Lav�. <br /> The Funds slaa�l be h��� in an institutioi� whas� cl�posits are insur�d by a fe�ie�al �g�n�y, inst��unaental��y, o�' <br /> entity �tnclu��ing L�nder, if L�n�er is an inst��ut�on �vhos� d�posits are so ii�sured} o� in any F��i�ra� �om� <br /> Loan Bank. L�nd�r shall apply the Funtls �� pay th� �s�row �t��ns na Iat�r than the �ime spe�i�ie� ��n��r <br /> R�SPA. L�nder shall not claa��g� Bat'ro�ver f�r holditag and apply�ng �lae Ftz��ds, annt�ally analy�ing �he <br /> escr�w acc�ur�t, �r ��rif�ing tlle �sct�aw ztems, unless L�nde�� pa�s Bo��r��ver in����s�oi� th� Funr�s and <br /> Applica�le Law permits L�t�cl��� to ���al�� such a �hal�g�, i7nl�ss an ag,z�eemen� is �na�e in writing or <br /> App�ica�le La�v requir�s in�erest to �e paid on ���e I`i�nds, Lei����r shall nat be reqt�ired �� pay B orr�ow�r any <br /> intier�s� o�� ear�ings ot� th� I`unds. Barro�v�r ai�� L�nder can agree �n wz�i��t�g, l�o��v�r, �hat i��et�est s��al1 �.e <br /> pa�c� an �he T��nc�s. L�n��r s�all give �a B ori�ow�r, �r i�hout �harge, an �nnu�l accounting of t�ae runds-as <br /> req��ir�tl by RESPA, <br /> If ther� is a surplus af Funds hcicl in es�����, as d�fin�d ��nde� R�SPA, Lei�der shall a�count to Borra�v�r f�r <br /> �1�� ex�ess funds i�l accar�la��ce with RESPA. Z�th�r� is a shortage o�r�tnds held i�l escra�vy as definecl u�ad�r <br /> RESPA, Le��d�r sl�all n�tify Bo��ov�e�� as requir�{� �y R�SPA, ant� B�r��au�e�� sl�all pay �o Le�adez� �he anlaun� <br /> n�cessary �� make up �h� shortag� in acc�i�danc� witf� R�SPA, �ut in t�a t�lar� �l��t� 12 naonth�y pa�m�ilts, If <br /> th�re is a �iefici�n�y of Fun�is hel� i�� �sci�ou�, as definec� u����r RESPA, Len��r sha�l na�i�y Borr�we�� as <br /> � �A��467�7 <br /> N�BRAS KA•5ingfe Fam ily-�annia M aelFreddie M ac U N lFD f�M INS'7'RL�N{L��lT Form 3428 1 lD 1 <br /> VM P Q VM PB�hI��{13��� <br /> UUalters Kluwer Financ'ia!5ervices Pa�e 5 af i 7 <br />