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��14�491�
<br /> An�appiication of payments, �nsurance proceeds, or N�is�ellane�us Praceeds to principa� due under th�Note
<br /> shall not��.�end ar pastpane the due date, or change the amaunt, of the Periodic Payments.
<br /> 3. Funds for�scrow I�ems. Borrower shal� pay to Lender on�h�da� Peri�dic Paymen�s are due under th�
<br /> Note, unti� the Note is pa�d �n ful�, a sum�th� "Funds"} to prav�d�for payment of amaunts due for: �a� �axes
<br /> and a�ses�men�s and�ther items which can a��ain priority o�rer�his Security �nstrumen�as a lien or
<br /> encum�rance�n the Proper�y; �b} leasehold payments ar ground rents on�he Praper�y, if an�; �c}premi.un�s
<br /> for an�and al� �nsurance requ�red by Lender under Section 5; and�d} M�r�gage Insu�rance prem�unls, �f any,
<br /> or an� sums payab�e by�orrov�er to L.ender�n�ieu of the paym�n�of Mor�gage Insurance pr�miums in
<br /> a�cordance w��h the pra�isions of Se���on 14. These iten�.s are ca��ed "�scrow �tems." At�riginati�n or at
<br /> any t�me during the term nf the Loan, Lender ma�requ�re�ha�Communi�y Assac�at��n Dues, Fee�, and
<br /> Assessmen�s, �f any, be escrowed by Borrower, and such dues, fees and assessmen�s shall be an �scrow
<br /> Item. B�rrower sha��proxnpt�y furnish t� Lender a�� not�ces of amoun�s�o be paid under this Sect�an,
<br /> Barrav�aer shall pa� Lender th�Funds for Escrow I�ems unless Lender waiues Borrower's o�ligation to pay
<br /> �he Funds for an�nr al� Escraw I�ems. Lender rnay�vai�e Borrower's obligatian to pay to L�nder Funds for
<br /> an�r or a�� �scrow ��em.s a� any�i�ne. An�such wa�v�r may anl�be in vwriting. In the�vent�f such v�aiver,
<br /> Borrav�er shail pay directly, wh�n and where pa�able, �he amaunts due for any Escraw Items for which
<br /> paymen�of Funds has�een waiv�d b� L�nder and, if I.�nder r�quires, shal� furnish�a Lender receipts
<br /> ��id�ncing such paymen�v���hin such time perind as Lender may require. Borrov�er's obl�gat�on t�make
<br /> such payments and��pro��de receip�s shal� for al�purposes be de�med�a be a co�enan�and agreement
<br /> c�n�ained in this S��uri�� Ins�ruxn�nt, as�he phrase "�o�enan�and agre�men�" �s us�d in S�ction 9. �f
<br /> Borrnwer is ab�igated�n pay EscrovW I�ems direc�l�, pursuan�to a wa��r�r, and Borrow�r fai�s to pay�he
<br /> amount due for an Escrov�r Item, I�nd�r may ex�rcise i�s rights under S��t�on 9 and pay such arnoun�and
<br /> Barro�rer sha�I �hen be o�liga�ed under Se�tion 9�� repay ta Lender an� such amount. I.�nder may re�ake
<br /> the wai�er as�a any or a�1 Escrow �tems a�any��me by a no�ice gi�en in accordance with Sect�on �5 and,
<br /> upon such revacat�on, Borrower shall pa��o Lender a�1 Funds, and �n such amoun�s, tha�ar�th�n required
<br /> under�his Section 3.
<br /> Lender may, at any t�me, callect and hald Funds �n an a�m.ount�a} suff�c�ent�o permi� Lender to apply�he
<br /> Funds a��he time sp�cif�ed und�r RESPA, and �b}na�to exceed the maximum a�maunt a�ender can require
<br /> under RESPA. Lender shali estimat�the am�un�of Funds due on th�bas�s of curren�data and reasonab�e
<br /> est�ma�es of expend��ures of fu�ure Escrow ��ems or otherwis�in accardance v�►�ith Applicab�e Law.
<br /> The Funds shal�be held in an�nsti�u�ion v�hase dep�si��are insured by a federa� agenc�, insrrumenta��ty, or
<br /> entity �includ�ng Lender, if L,ender is an ins�itution whos�deposi�s are so �nsured}or in any Federa� �3ome
<br /> Loan�ank. L.ender shall appXy the Funds ta pay�he Escrov�r �tems n� �ater�han the time spec�#�ed under
<br /> RESPA. Le�der shall no�charge�3orrower far�o�ding and app�ying�he Funds, annually anal�zing�he
<br /> escrov�r accflunt, Qr�erifying the Escrow Items, un�ess L.ender pays Barrawer in��rest on the Funds and
<br /> Appiica��e Law perm�.ts Lender ta make such a�harge. Unless an agreemen�is made�n wr�ting�r
<br /> Appiicabl�Law requ�res interes�to be pa�d on the F'unds, Lender sha�� not be required to pay Borrower any
<br /> interest or earnings on the Funds. Borrawer and I,�nder can agree�n writing, howe�er, �hat�nteres�shall �e
<br /> paid on�he Funds. Lender shall give�o Borr�v�rer, v�ithou�charge, an annual ac�ount�ng of t�e Funds as
<br /> required by RESPA.
<br /> If there�s a surp�us of Funds heid in eserav�, as de�ned under RESPA, L�nder sha�� account t� Borrov�er for
<br /> the excess funds in accardance w��h RESPA. If there�s a shortage nf Funds he�d in es�rov�r, as defined under
<br /> RESPA, Lender sha�l no��f�r Borrov�rer as requ�red by RESPA, and Borrower shail pa��o Lender the am�unt
<br /> ne��ssary to make up the shartag�in accordance wi�h RESPA, bu�in no more�han �2 mon�h�y payments. If
<br /> �h�r�is a de����ncy nf Funds held in escrov�, as de�ned under RESPAi Lender shaii not�fy Borr�wer as
<br /> N�BRASKA-5ingfe��mily-Fannie Ma�l�r�ddie Ma�UN(�DRM 1N5TRUMENT �arm 3028 1 J41
<br /> VMP d VMPfi�NE}Z134�f
<br /> Wolters K[uwer Financia!Services Page 5 vf 17
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