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��14��57�
<br /> Any applica��an of payments, insuran��pro�eeds, or��sc��lan�ous Proceeds to pr�nc�pal due under the N'o�e
<br /> shail not extend ar postpone the due date, or�hange the amount, of t�e Peri�dic Payznents.
<br /> 3. F`unds for Escrow I�ems. Borr�wer sha�i pa�to Lend�r on�he day Per�odi� Paym�nts ar�due under the
<br /> I�ote, un�il the No�e is paid �n full, a sum�the "Funds"} ta pra�ide for pa}�ment of amounts due f�r: �a� �axes
<br /> and assessments and nther i�ems which can attain priori�y a�er th�s Secur�ty �nstrument as a l�en or
<br /> encu�mhrance on the Prap�r�y; �b} leasehold paym�nts �r ground rents on the Proper�y, �f any; �c} premiums
<br /> f�r any and a�� �nsurance r�quired�b� Lend�r under Sec�ion S; and �d} Mor�gage Insurance premiums, if any,
<br /> ar an}� sumS payab�e by Borrow�r�o Lender in Iieu�f the payment�f Mortgage�nsurance premiums �n
<br /> accordance wi�h�he pra�ris�ons of Sec�ian �4. These i�erns are called "Escrow ��ems," At�rig�nat��n ar at
<br /> any��me during the t�rm of�h.e Loan, Lender ma�requ�re tha�Communzty Asso�iation Dues, F��s, and
<br /> Assessmen�s, if any, b�es�r�wed by Borro�rer, and such dues, fees and assessmen�s shal�be an Escrov�
<br /> Item, Borrow�r shall promp��y furnish to Lender a�� n���ces af amounts�a be�a�d under�his Sect��n.
<br /> Bflrrower shali pay Lender�he Fllnds for Escrov�r �tems un�ess Le�der wa��es Borr�wer's�b�iga�zon�o pay
<br /> �he Funds for any�r aII Escrow �tems. L.��der ma� wai�re Borrower's ob��gat�on t�pay to Lender Funds for
<br /> any or all Escrov� ��ems a�any t��xze. An�r such�va�ver may only���n writing, In the eventi of such wa�ver,
<br /> Barrower sha�l pay direc���, u�hen and where pa�a�le, the amounts�ue f�r any Escrow I�ems far whi�h
<br /> payment of Funds has been wai�ed by Lender and, if Lender requires, shall furnish to Lender rec�ipts
<br /> e�idenGing suCh payment�ithin such t�me period as Lender may require. Borrower's ob�igat�an�o make
<br /> such pa�men�s and��prov�de rec�ipts sha11 for al�purpases�e de�med��be a c��enant and agreement
<br /> conta�ned �n this Securi�y �ns�rumen�, as the phrase "�ovenant and agreement" i�used in Se�tion 9. �f
<br /> Borrov�e�-is obl�ga�ed�a pay Escr�v� �tems directly, pursuant to a v�rai�er, and Borraw�r fax�s�o pay�he
<br /> amount due for an �scrow I�em, Lend�r ma�e�ercise its r�gh�s under S�c�ion 9 and pay such am�unt and
<br /> B�rrov�rer sha�� �hen be obligated unde�Section 9 �o repay to Lender any such amoun�, Lender may re�oke
<br /> the wai�rer as�o any or a11 Escrow Items at any t�n�.e by a notice given�n acc�rdance with Sect�on �5 and,
<br /> upan such r�vaca�ion, Borrower sha��pay ta Lender a�l Funds, and in such amounts, tha�are then required
<br /> under�his Sect�on 3.
<br /> Lender m.ay, at any�ime, collect and hal�.Funds in an amount �a� sufficient�ti permi�Lender�� app�y the
<br /> Funds at the time specz��d under RESPA, and �b} not to exceed�he�axamum am�unt a�ender can require
<br /> under RESPA. Lender shali es�ima�e the amoun�of Funds due on the�asis�f curren�data and reasona��e
<br /> es��ma�es of�xpenditures�f fu�ure Escrau� items or otherw�se in accordance�rzth App�ica�le Lav�.
<br /> The Funds shall be�e�d in an ins�i�u��on v�rhose d�pos��s are�nsured by a federal agenc�, instrunlentali��, nr
<br /> entity ��ncluding Lender, if Lender�s an institut�on whose d�p�s��s are so insured}or in any Federal Home
<br /> Loan Bank. Lender shaii app�y the Funds�o pay the Escrow �tems no �ater than�he�ime specifi�d under
<br /> RESPA. Lender shall no�charge Borrower far ho�d�ng and a�plying the Fund�, annually ana�yzing �he
<br /> escr�w account, or�erifying �he Escr�w Z�em�, unless L.en�.er pa�s B�rrow�r int�rest on the Funds and
<br /> Appl�cabie Law permi�s L.ender to make su�h a charge. Un�ess an agreement �s made xn wri��ng ar
<br /> Appiicable Law requires �nteres��o be paid on�he Funds, L�nder sha11 na�be required�a pay B�rrawer an�
<br /> in�erest or earnings fln the Funds. Borrower and Lender can agree in►�rr���ng, hnwe�er, �ha��nterest shali be
<br /> paid�n the Funds. Lender shall g�ve�o Barr���r, withou�charge, an an,nuai account�ng�f�he Fund�as
<br /> required by RESPA,
<br /> �f there is a surp�us of Funds heid in escrow, as defined under RESPA, Lender shal� ac�aunt to Borrower f�r
<br /> the exc�ss funds �n accardance wx��RESPA. �f there i s a shor�age of Funds he�d in escr�w, as de�ned under
<br /> RESPA, L.ender sha�I not�fy Borrower as requir�d by�.ESPA, and Barrower shall pay to Lender�he arnount
<br /> neCessary��make up the shortage in accordanc�wi�h RESPA, but �n n�more than I2 mon�hiy paymen�s. If
<br /> �here is a deficiency of Funds held�n escrovv, a�define�under R�SPA, Lender�ha��not�f� Borrower as
<br /> N�BRASKA-5ingle Farnily-�annie Mael�reddie Mac UNI�QRM lNSTRUM�NT �orm 3�2$11�1
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<br /> Wolters Kluwer�inanc�al Ser�ices Page 5 vf 17
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