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<br /> Any applicat�on of paymen�s, insurance proceeds, or Misce��aneous Proce�ds to princ�pa� due under the Note
<br /> shall no�extend or pos�pone the due date, or change the amount, tif�he Periodic Payments.
<br /> 3, Funds for Escrvw It�ms. B�rrower sha�l pay�� Lender on the day Periodic Payments are due under�he
<br /> Nate, unti� the N��e�s pa�d in fu��, a suxn�the "Funds"}�o provide for pa�ment nf am�unts du�far: ta} fiaxes
<br /> and assessm�.ents and ather items which can at�ain priority over�his Secur�ty �nstrument as a 1�en or
<br /> encum.bran�e on the Prflper�y; �b} �easehold payments or ground r�nts an the Property, �f any; �c}premiums
<br /> far any and all insurance required by Lender under S�c��an 5; and�d} Mortgage Insuranc�premi.ums, if any,
<br /> �r any sums payable by Borrower to Lender in l��u of�he payment of Mortgage Insurance premiums in
<br /> acc�rdance w�th the pra��sians of Sec�ion 10. These items are called "Escrow �tems." At origina�ian or a�
<br /> any�ime dur�ng th�term of�he Loan, L�nder ma�require that Commun�ty Asso��a��on Dues, Fees, and
<br /> Assessrnen�s, �f an�, be escrowed by Borrower, aI]C�SL1Ch C�U�S, fees and assessments sha��be an Escrow
<br /> �tem. Barrower shal�pr�mp�ly furn�sh t� I.,�nder aI� n�tiGes�f amounts ta�e paid under this S�c��on.
<br /> Borrov�er sha11 pay Lender tihe Funds for Escrovv �tems unless Lender v�a��es BarrovWer's obliga�ion to pay
<br /> �he Funds for any ar all Escrow Items. Lender may �v�raive Borr�v�er's obl�gatian to pay ta Lender Funds for
<br /> any or aI� Escrov�r �tems at any�ime. Any such vWai�er may on�y be in v�ariting. Tn the e�en�of such v�a�ver,
<br /> Borrower shall pay directly, when and where pa�a��e, �he am�unts due for any Escrow Items for which
<br /> paymen�of Funds has�een v�ai�ed by Lender and, �f Lender requires, sha�i furn�sh�� Lender receip�s
<br /> e�id�nc�ng such payment v�ithin such tim�period as Lend�r may require. Barrower's�bligation tn make
<br /> such paymen�s and to pro��de receipts sha11 f�r alI purpases�e deemed to�e a covenan�and agreemen�
<br /> contained in�his Secur��y �ns�rument, as fhe phrase "covenant and agreemerit" �s used in Sec�ion�. �f
<br /> Barrower is abligated to pay Escrnv�r �terns d�rec��y, pursuant to a vvaiver, and B�rrawer fails to pay�h�
<br /> amount due for an Escrow Item, Lender may exerc�s�its r��hts under Se�tior�9 and pa� such amflun�ar�d
<br /> Borrower shall then be abl�ga�ed under Sectian 9 to r�pa�to Lender an�such amount. Lender nzay re�oke
<br /> the waiver as to any ar a�l Escrow �tems at any time by a notic�gi�en�n accordance with Sect�on �S and,
<br /> upon such revocat�on, B�rrow�r shall pay to Lender aX� Funds, and�n such amounts, �hat are then requ�red
<br /> under this S�c�ion 3.
<br /> I�ender may, at any tizr�e, caX�ect and ha�d Funds in an amoun� �a} suf�cient tn permi�Lender�fl app�y�he
<br /> Funds at the t�me specif�ed under RESPA, and�h} n�t t�exceed the maximum amount a lender�an requ�re
<br /> under RESPA, Lender shall e��imate the arnoun�of Funds due on the bas�s of current da�a and reasonable
<br /> es�imates of expend�tures�f future Es�row I�ems ar atherwise in accordan�e wi�h Appl�cable Law.
<br /> The Funds shall be held in an ins�itutzon whose depos�ts are insur�d by a federa� agency, �nstrumentali�y, or
<br /> en�ity ��nc�ud�ng Lender, �f I.,�nder is an ins�itu�ion�vh�se depasi�s are so �nsured} ar�n any F�dera� Home
<br /> Loan Bank. L,�nder shall appl�the Funds�o pay the Escravv �tems no �a�er�han the�ime specifi�d under
<br /> RESPA. Lender shall not charge B�rrower for hoid�ng and app���ng�h�Funds, annually analyz�ng�he
<br /> escrav�►� account, or�erify�ng the Escrow ��ems, unless Lend�r pays Borr��er interest on the Funds and
<br /> App�i�a�Ie Law p�rm��s Lender to mak�such a�harge. Un�ess an agreexnent�s made in wri�ing�r
<br /> App�icab�e LavW requires �nterest�o be paid an�he Funds, Lender sha�� no�be r�qu�red ta pa� Borrower any
<br /> in��rest or�arnings on�he Funds. Barrower and L�nder can agree in writ�ng, howe�er, �hat�n�erest sha��be
<br /> paid on the Funds. L,ender s�ia�� g��e tfl Borrov��r, v�r��hout charge, an annuai acc�un�ing�f�he Funds as
<br /> required�y RESPA.
<br /> �f�here is a surplus of Funds held �n escrow, as def�ned under RESPA, I.�nd�r shall account to Borrov�er far
<br /> the excess funds in ac�ordance v�ith R�SPA. �f there is a shartage of Funds held in escrow, as def�ned under
<br /> RESPA, Lender sha11 not�fy Borrovver as required�}� RESPA, and Borrower sha��pay�o Lender the amoun�
<br /> nec�ssary to make up the sh�r�age in accordance u�i�h R�SPA, but in no more than �2 m�n�hly pa�rn�nts. �t'
<br /> there is a def�ciency�f Funds held in escrow, as defined under RESPA, Lender sha��not�fy �orrower as
<br /> N�gRASKA-5ingle Family-�annie MaelFrEddi�Mac UNIFDRM INSTRUMENT �vrrr�3Q2$71�1
<br /> VMP O VMPfi�N�3{13a2f
<br /> Walters Kluw�r�inancial Ser�ices Page 5 of 17
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