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��14�351�
<br /> Any application�f paymen�s, insurance proceeds, or Misce��aneous Proce�ds �o�rincipa� due under�he Nate
<br /> sha�i not ext�nd ar pastpane the due da��, ar�han���he an�ount, of the Periad�� Paymen�s.
<br /> 3. Funds far Escraw Iten�s. Borro�rer sha��pay to Le�der on�he day Per�od�c Pa�men�� are due under the
<br /> Note, until the Note�s paid in fu��, a su�n��he "Funds"} t�provide for paymen�of amoun�s due for: �a} �axes
<br /> and assessments and a�h.�r items which can a��axn priority o�er th�s Security Instrument as a�x�n or
<br /> e�cumbranc�on�he Propert�r; �b} lea��h��d payments or graund ren�s on�he Prop�r��r, �f any; ��}pr�miums
<br /> for any and a1i �nsuran�e required by Lender under Sect�on 5 y and �d� Mar�gage Insuranc�premiums, �f any,
<br /> or any sums payabie��Borrow�r�� Lend�r in��eu of th�payment af M�r�gage InsuranC�premiums xn
<br /> accardar�.ce w��h�he pra�isi�ns af S�c�ion 14. These�tems are�a��ed "Escrovv �tems." A�origina�ian�r at
<br /> any tim�dur�ng�he term af�h�Loa�, Lender may require�hat�ommuni�y Assoc�a�i�n Dues, Fees, and
<br /> Asses�ments, if any, �e escrawed by Borr�wer, and such dues, fees and assessments sha��be an Escrow
<br /> ��em. Borrower shall�romptly furnish ta Lender a11 no�ices�f amounts��be pa�d under��.�s S�ction.
<br /> �arrawer sha11 pay Lend�r the Funds far Escravv �tems un��ss L,�nder waives Borrower's obl�gation�o pay
<br /> the�unds for any ar a11 Escrow ��ems. I�ender may wa��e Borrawer's ob�igat�on�a pa��o Lender Funds for
<br /> any or al.I Escrow ��ems at any time. Any such v�aiver may only be in v�rri�in�. In�he even�of such wa��rer,
<br /> Borrower shall pa�r direct�y, when and where payable, t�e am��n�s due for an�r Escrow ��ems f�r wh�ch
<br /> payment of Funds has been waived by L.�nder and, if L�nder requires, shali furn.�sh�o Lender receipts
<br /> e�idenc�ng suc�.payment wi�hin such�ime period as Lend�r may require. B�rrower's nbligation to xnake
<br /> su�h paymen�s and ta pro��de rece�pts sha�l for a�I purposes be deemed to be a�o�enan�and agreemen�
<br /> canta�ned in�h�s Securi��r�nstrumen�, as�he phrase "co�enant and agreement" is us�d in Sectian 9. if
<br /> Borrower is o��iga�ed to pay Escr�u� �tems directly, pursuan�.to a waz�er, and Borrawer fa�ls t�pay�he
<br /> amount due far an Escrow Item, Lender ma��xerci�e its rxgh�s under Sec�xon 9 and pa�r su�h am�unt and
<br /> Borrower sha�l then be ob��ga�ed under Sect�on 9�a repay to Lender any such amaunt. Lender may revoke
<br /> th�v�ai�er as to any�r aIl Escravv Items a�any txme by a not�ce g�ven�n ac�ordance with Sect�an �.S arid,
<br /> upon su�h re�o�ation, Borr�w�r sha��pay�o Lender ai� Funds, and in such amaun�s, that are then requ�red
<br /> under this Section 3.
<br /> Lender may, a�any time, c���ect and hold Funds xn an amaun��a3 suff�c�ent�o permit Lender�o app���he
<br /> Funds a��he�ime spe��fied under RESPA, and�b}nat to exceed�he ma�imum amaunt a lender can require
<br /> under RESPA. Lender sha�� estxnzate�he amounf�f Funds due on�h�basis of�urren�data and r�asonable
<br /> est�mates of expend�tures of future Escrow��ems or o�he�-v�rise�n acc�rdance with App�icab�e Law.
<br /> The Funds sha��be he�d�n an inst�tu�ian vwh�se depasits are insured by a federal agency, instrumen�alxty, vr
<br /> en��ty �including Lender, �f Lender�s an�ns�itufion whase deposits are sv insur�d}or in any Federa� Home
<br /> Loan Ban�. L�nder shal� appl�r the�unds ta pay�he Escro�r xtems no later than the time sp�cxfied und�r
<br /> RESPA. Lender shall no�charg�Borrawer for�o�d�ng and app�y�ng the Funds, annually ana��z�ng�he
<br /> escrow accoun�, or ver�f�ing�he Es�row Items, un��ss I�nder pa�rs BQrrower�n�eres�fln the Funds and
<br /> App�i�able Law permits Lender tn make such a charge. Unless an agr�ement is made in wr�ting or
<br /> AppXicab�e Lav�r r�qu�res xnterest to be paid on the Funds, Lender shall no�be required to pay Borrawer any
<br /> �n�eres�or earn�ngs on the Funds. Btirrower and I.ender can agr�e in wri�ing, how�ver, �hat�nteres�shal���
<br /> paid on the Funds. Lender shall g�ve t�Borrower, with�ut charge, an a.nnual a�c�un�ing�f the Funds as
<br /> required�y RESPA.
<br /> �f there�s a surp�us of Funds he�d �n escraw, as defined under RESPA, I.�nd�r shall accflun�to B�rr�wer far
<br /> the excess funds in acc�rdance w�th RESPA. If�here is a shor�age of Funds he�d in escrow, as�ef��ed under
<br /> RESPA, Lender sha��notify Borrovver as required by R�SPA, and Borrower sha��pa�to Lender th�a�mount
<br /> necessary to make up the shor�age i�accordance wi�h RESPA, but�n no more�han 1�mon�h�y payments. If
<br /> there�s a def�c�ency of Funds he�d in escrow, as defined under R�SPA, L.�nder shalx n�tify B�rrower as
<br /> NEBRASKA-Single Farnily-�anni�Ma�l�reddie Mac LJNIF�RM fNSTRUM�NT Fvrm 3�28 114'i
<br /> VMP Q VMPStNEy['[3423
<br /> Wvit�r�Kluwer Financiat Ser�ices Page 5 af 17
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