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��14��173
<br /> Any applicat�on of pa�men�s, insurance proceeds, �r Misce��aneous Proceeds t�przncipal due under the Nn�e
<br /> shall n�t ex�end or pos�pane the due da�e, or change the amoun�, of the Period�c Pa�ments.
<br /> 3. Funds for Escrow Items. Borrower shail pay�o Lender nn the day Periodic Paym�nts are due under�he
<br /> Nate, un��� the Note is paid in fuil, a sum�the "Funds"� t�prn�ide for pa�m�n��f amounts due for: �a} taxes
<br /> and assessmen�s and nther��ems v�rhich can atrain pr�or��y�ver�h�s Security �nstrumen�as a�ien or
<br /> encumbrance on�he Property; �b} leasehfl�d pa�rnents or graund r�nts�n�he Proper�y, �f an�r; �c� pr�m�iums
<br /> for any and all insuran�e requir�d by Lender under Section 5; and �d} Mor�gage�nsurance premiums, if any,
<br /> ar ar�� sums payah�e b� Barraw�r to Lender in�ieu�f the payment of Mor�gage Insurance premiums in
<br /> accordance vv��h the pra�r�s�ons of Section ��. These�tems are call�d "Escrow �tems." At or��ination or a�
<br /> any time during the��rm of�he Laan, L�nder may requ�re that�ommun��y Assoc�at�an Dues, Fees, and
<br /> Assessments, �f any, be escrowed by Borrower, and such dues, fees and assessmen�s sha11 be an E�crow
<br /> ��em. Borr�wer�hail prompt�� furnish ta L.�nder a�i not�ces of amoun�s t�be pa�d under�h�s S�ct�on.
<br /> B�rrav�er sha11 pay Lender the Funds for Escrow Items un�ess Lender wa�ves Borr�wer's o��xgat�on�a pa�
<br /> �he Funds for any or all Escrov� Items. Lender may wai�e B�rr�wer's obligation tio pay to Lend�r Funds f�r
<br /> any or a�l �scrow ��ems a�any t�me. Any such wai�rer may onXy be�n vvr��ing. In�he e�ent of such wai�er,
<br /> Borrawer sha11 pay d�r�c��y, when and where pa�ab�e, the amaunts due far any Escraw Items for v�hich
<br /> payment of Funds has been wa��ed by Ilender and, if Lender requires, shall furn�s��a L.ender re�eip�s
<br /> ev�denc�ng such payment w��hin such t�me period as Lender ma�require. Borrower's obl�gation�o make
<br /> su�h paymen�s and to provzde receipts shali far all purposes be deemed to be a covenant and agr�emen�
<br /> con�ained �n�his Securi�y Ins�rumen�, as�he phra�� "ca�enant and agreement" �s used in Sec��an 9. �f
<br /> Borr�wer�s obl�ga�ed t�pay Escrow �tems d�r����y, pursuan�to a waiv�r, and Borrower fails to pa� the
<br /> a�x�.ount due for an�scrow �te�n, Lender rnay exercise �ts r�ghts under Section 9 an�pay su�h amaun�and
<br /> Borrov��r shall�hen b�o�l�gated under Section 9�� repa��o L.�nder an� such a�m�un�. Lender may re�ok�
<br /> the waiver as to any or a11 Es�row Items a�any time by a notice gi�en in accordance vvith Se��ion �5 and,
<br /> upon suGh re�oca��on, Borrower shaii pay�o Lender a�� Funds, and �n such amounts, that are�hen required
<br /> under�h�s Sectian 3.
<br /> L�nder may, a� an�time, collec� and hold Funds in an amount�a} suffieien�ta permit Lender to appl��he
<br /> Funds at the���rne spec�f�ed under RESFA, and�b}not to e�ceed the maximum amount a lend�r can require
<br /> under RESPA. Lender shall es��mat�the am�unt�f Funds due on�h��as�s of current data and reasonab��
<br /> estimates�f�xp�nditures of fu�ure Escraw �tems ar otherwise in accordance wi�h Appl�cab�e Law.
<br /> The Funds shall be held in an ins�itu��on vvhose d�posits are�nsured�y a federal agenc�, instrumentality, or
<br /> entity �including Lender, if Lender is an insti�u�i�n whose deposi�s are so insured} or�n any Fed�rai Hom��
<br /> Loan Bank. Lender shall apply the Funds�o pa� �he�scrow I�ems no later�han the��me spec�fied under
<br /> R�SPA. I..�nder sha�� not charge Barrow�r for hold�ng and appl}�ing�he Funds, annuall�analyzing the
<br /> escrow ac�nunt, or ver�f�ing�he�scrow �tems, unless L.�nder pa�s Barrower�nterest�n�he Fund�and
<br /> Applicab�e Law permits Lend�r�o mak�such a charge. Un�ess an agreemen��s made in writing or
<br /> Appi�cable Law requires in�eres� ta be paid on�he Funds, Lender sha11 not be requ�red�o pa�Borrower an�r
<br /> �n�erest�r earnings on�he Funds. Borro�ver and Lender can agre� xn v�rzt�ng, howev�r, that interes� shal� �e
<br /> paid on the Funds. Lender shall gi�e to Borrower, v�►lithou��harge, a.� annual accaunt�ng of�h�Funds as
<br /> required by RESPA.
<br /> If�here is a surp�us of Funds heid i�escrow, as defin�d under RESPA, L�nd�r shal� account�o B�rrovv�r fflr
<br /> �he e�.ce�s funds in accardan�e wi�h RESPA. �f there�s a sh�r�age�f Funds he�d in escrow, as defined under
<br /> R�SPA, Lend�r shali no�ify Bflrrav�rer as requ�red�y R�SPA, and Bflrrov�rer sha��pa� to Lender the amoun�
<br /> necessary to make up th�shor�age�n aGcordance w�th RESPA, but �n no m�re than �.2 mon�h�y payments. If
<br /> �here is a d�f�c�ency of Funds heid �n escrovv, as def�ne�under RESPA, Ilender shall notify Borrower as
<br /> N�6RA5KA-Single�ami�y-�annie MaelFreddie Mac UNIFQRM�NSTRUM�NT �r�rm 30Z$11�'�
<br /> VMP Q VMPF�NEy{13�2}
<br /> Wolters Kiuwer Fir�ar�Giat 5er��ces Pag�5 v#17
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