��14�7�53
<br /> Any app��ca��on af pa�rmen�s, insurance praceeds, or Miscellaneous Praceeds�fl pr�nc�pa�due under the No�e
<br /> sha1�no�ex�end flr postp�ne the due date, or change�he amount, of�he P�riodic Pa�ments.
<br /> 3. Func� for Escrow I�ems. B�rrower sha11 pa�r to Lender on�he day Period�� Payments are due under t�Ze
<br /> Nate, unti� the Note is pa�d �n fu��, a sum t�he "Funds"} fo prov�de for payment of amounts du�far: �a}taxes
<br /> and assessmen�s and other�tems which�an a�ta�n pri�ri�y over�his Securi��r �ns�rument as a lien ar
<br /> �ncumbrance on the Proper�y; �b} leasehold paymen�s or graund r�n�s on�he Proper�y, �f any; �c}premiums
<br /> for any and a�� insurance required��L�nder under Section S; a�.d�d} Mor�gage�nsurance premiums, if any,
<br /> or any sun�s payable b�Borrav�er�a L�nder�n Iieu of�he pa�ment of Mortgage�nsurance pr�miums in
<br /> accordanc�with the�rovisions of Sect�on �D. These x�ems are called "Escr�w ��ems." At or�gina�ian or a�
<br /> any t�m.e during�he term of�he Loan, Lender may requ�re that�om.munity ASsoc�ation Dues, Fees, and
<br /> Assess�m.ents, if any, be escrawed by B�rrov5rer, and such�ues, fees a�.d assessments sha�l be an Es�row
<br /> ��em. Borra�ver sha��prompt��furn�sh to Lender a��nat�ces of am�un�s�a be paid under�h�s Sect�o�..
<br /> Borrower shal�pa�L.ender the Funds for Escraw ��ems ur�less Lender waives Barrower'��bli�at�on�a pay
<br /> the�unds f�r any or a11 Escrflw ���ms. Lender may waive Borrower's ob��gation�o pay to Lender Fund� f�r
<br /> any or aI� Escrow�tenas at any�ime. Any suGh wa�v�r may oniy be�n wr�t�ng. �n�he e��n�of such wa�ver,
<br /> Borrower sha��pa�r direct�y, when and where payable, �he amoun�s due far any Es�row I�ems for which
<br /> payment of FundS has been wa��ed by Lender and, xf Lender requires, shal� furnis�a t�Lender re�eipts
<br /> ev�dene�ng such payment v�ithin such time p�r�od as Lender may requ�re. B�rrav�rer's abliga��an�a make
<br /> such payments and t�pr��r�de receipts �ha�� for al�purpos�s be deem�d�n be a c��enant ar�d agr�ement
<br /> con�ained�n th�s Secur�ty�ns�rument, as the phrase "ca�enan�and agreement" is used in Sectian 9. If
<br /> Borrow�r is a��igat�d�a pay Escrov�r �tems d�rec�ly, pursua�t fo a wai�er, and Borrower fails�o pay�he
<br /> am.oun�due for an Escrow Item, Lender may exerc�se its rights under Sect��n 9 and pay sUch am�unt and
<br /> Barrawer sha�l then be obx�gated under Se��ion 9�o repay�.o Lender any su�h amount. Lender may rev�ke
<br /> �he waiver as�� an�r or a�� �scraw �tems at any time by a nati�e g�ven�n accordance with Sec�ion I S and,
<br /> upan suC�.revoca�ion, B�rro�ver sha��pay�a Lender alx Funds, �ICI 1II SL1C�1�.I11�u11tS y �ha�are�hen requ�red
<br /> under th�s Section 3.
<br /> Lender may, at an�r�ime, co1Xe��and hold Funds in an amaunt�a} suffxci�nt to perm��Lend�r�o app��the
<br /> Funds a�the�ime speci�ed under RESPA, and �b}not to e�c�ed���maximum amaunt a�ender can requ�re
<br /> under R�SPA. L�nder shall est�mate�he a�maunt of Funds due�n�he basis af current da�a and reas�na�Ie
<br /> estimates of�xpend�tures of future Es�ro�v Items or��herw�se in accordance with Appl�cab��La�r.
<br /> The Funds sha��be he�d�n an�nstitution whase d�posits are insured by a federal agency, instrumentality, or
<br /> en��ty�inc�ud�ng Lender, if I.�nder�s an insti�ut��n whose deposi��ar�so�nsur�d�or in any Federai Home
<br /> Loan Bank. L�nder shai� apply��e Funds�o pay the Escr�w �tems no Ia�er than the time spec�f��d under
<br /> R�SPA. Lender shail not charge Borrawer for h��d�ng and app�y�ng�he Funds, annua��y ana�yz�ng�he
<br /> escrow account, or ver�fy�ng the Escro�v Items s un�ess Lender pays Borrower�n�erest on�he Funds and
<br /> App�ica��e Lav�r perm��s Lender�o make such a charge. Un�ess an agr�emen� is made�n wr�ting or
<br /> Appl�ca�b�e Lav�r requires �n�eres��v�e pai�.on the Funds, Lender sha��n��b�required to pay Borrower any
<br /> inter�st or earn�ngs on the Funds. B�rrawer and Len�er�an agree in wr�t�ng, however, that�nterest sha��be
<br /> �aid on�he Funds. Lender sha�l g��e�o Borrower, v�rithout charge, an annua� a�c�un�ing of the Funds as
<br /> required by RESPA,
<br /> �f ther�is a�urplus of Funds held in escrov�, as de�ned under RESPA, Lender shall account to Borrower f�r
<br /> the excess funds �n acc�rdance w�th RESPA. If�here is a sh�r�ag�af Funds held in escrflw, as de�ned under
<br /> RESPA, Lender shali notify BQrro�ver as required by RESPA, and Bflrrower sha��pay��Lender the amount
<br /> necessary�o make up�he shortage�n accordanc�with RESPA, but�n no m�re than 1�rnanth�y payments. �f
<br /> th.ere�s a deficiency of Fund�he�d in e�crow, as de�ned under RESPA, Lender sha��no�ify Borrower as
<br /> N�BRASKA-5ingle Fam�iy-Fannie MaelFcecfdie Mac UNIFdRM INSTRUM�NT �nrm 3Q28 11Q1
<br /> VMP Q VMP6tN���7 3�2}
<br /> Wa�ters Kf�€wer Financiaf Ser�ices Page 5 af�7
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