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��14�7�75
<br /> An� app�ica�ion of paym�nts, insurance pr�ceeds, or Mis�ellaneous Proceeds tfl principa�due under�he Note
<br /> sha�l no��x�end or postpane�he due da�e, ar change�he amount, of�h�P�riod�c Pa�ments.
<br /> 3. Fund� for Escro��v I�ems. Borrov�er shail pay�n Lend�r an the da� Period�� Pa�ments are due under the
<br /> Note, un�i��he N`o�e�s paid in fu11, a sum�the "Funds"3 to pro�ide for paym.ent�f am�un�s due for: �a} taxes
<br /> and ass�ssmen�s and o�her items vwh��h can attain pri�rity over this Security �ns�rumen�as a lien or
<br /> encumbrance vn the Prop�rt�; �b� leasehold pa�men�s or ground rents on the Proper��, �f an.y; �c}premiums
<br /> for any and ai� insuran��requir�d by I.ender under Section S; and�d} Mortgage�nsurance prenv.ums, �f any,
<br /> or any sums payabie by gflrrower to I.�nder in Iieu of�he paymen�of Mortgage Insurance premiums�n
<br /> accordance wi�h the provisions�f 5ectian 1�. These i�ems are ca.�.�ed "�scro►�I�ems." At originat�on or a�
<br /> any time during the term of�he Loan, I.ender ma�req�ire fhat�Communit�Asso��a�ion Dues, Fe�s, and
<br /> Assessments, if an�, be escro�ved by Borrower, ar�d such dues, fees and a.ssessmen�s sha11 be an Escr�w
<br /> �tenn. B�rr�wer�hal�prompt�y fixrn�sh�o Lender a�� not��es�f amounts to be paid under t�ais S�tion.
<br /> Borrower shai�pay Lender the Funds far E�crow �tenls unless Lender vva�ves Barrow�r's ob��ga��an t�pay
<br /> th�Funds f�r any or ail Escrov� Z�ems. I,�nder may v�ra��e Borrov�rer's ab��gation to pay to L�nder Funds for
<br /> an��r ali Escrow Items a�any ti�ne. Any such wa�ver may on�y be in wr��ing. �n�he e�ent of such wai�er,
<br /> Borrower sha��pay d�rec��y, when and where pa�able, �he amounts due for any�scrovc� xtems for which
<br /> paymen�of Funds has been wa��ed by L.�nder and, �f L.ender r�quires, sha�i furn�sh ta I..,ender rece�p�s
<br /> ���dencing�uch pa�ment wi�hin such t�m�period as Lender may require. Borrower's obli�a�ion to make
<br /> such pa�ments and to pravide receipts shall for aI� purposes be deemed t�be a covenan�and agreement
<br /> contain�d in�h�s Securi�y �nstrumen�, as�he phrase 'ico�enant and agr��ment" �s used in S��ion 9. If
<br /> Borr�wer�s ob��ga�ed�o pay Escrow Item�d�rect�y, pursuan��o a v�ai�e�r, and Borr�wer fa�1s t�pa��he
<br /> amflun�due for an Escrow �t��n, Lender nza�exerc�se�ts r�ghts under Sec�ion 9 and pa�such amount and
<br /> Borrower sha�� then be ob�igated under Sec��on 9 to repa�r to Lender an� such amaun�. Lender�nay r��voke
<br /> the wai�rer as�o an�or alI Escrow��ems a�any time�y a notice g�ven�n accordan�e wi�h Section IS and,
<br /> upnn suGh revocati�n, B�rr�w�r sha��pa��o Lender all Funds, and in su�h am�unts, that are then required
<br /> und�r this Sect�on 3.
<br /> Lender may, at an�time, �o�lect and hald Funds �n an amount�a} sufficient t�pernLi�Lender tv appl�the
<br /> Funds a��he�ime sp��if�ed under R�SPA, and (b�n���o exceed the maximum amount a lender can require
<br /> under RESPA, Lender shall estima�e the amount of Funds due on�he has�s af current da�a and reasonab��
<br /> estima�es of expenditures of futur�Escrov� I�ems or o�hervv�se in accordance w��h Appl�cab�e Law.
<br /> The Funds shall be he�d �n an inst�tut�an�vhose depasi�s are insured by a fed�ra� agency, �ns�rument�ity, ar
<br /> en�i�y �including I.�nder, if Lender�s an ins�itut�on w�.ose depasits are so �nsured}�r�n any Federa� �3flme
<br /> Loan Bank. Lender sha11 apply�he FundS�o pay th�Escrow ��em�s na�ater than th��im�sp�if�ed und�r
<br /> RESPA. Lender sha11 no��harg�Borrow�r for holding and app�ying the Funds, annual�� ana�yz��g�he
<br /> escrav�r ac�oun�, �r ver�fying�he Escrow Iterr�, un�ess Lender pays Borrower interest an�he Funds and
<br /> ,�pplicab�e Lavw perm��s Lender t�mak�such a charge. Un�ess an agreemen�is made in wr�t�ng ar
<br /> Applicab�e Law requires interes�to be pa�d on the Funds, Lender shall nn�be requ�red to pay Borrower any
<br /> in�erest�r earnings on the Fu�ds. Borrovver and Lender can agree�n writing, how�ver, that interes�shall�e
<br /> paid on�he Funds. Lender sha�� gi�e�o Borrov�er, �vithout charge, an annual accoun�ing of the Funds as
<br /> required b�RESPA.
<br /> If�her�is a surpius of Funds held�n escrovcr, as de�ned under RESPA, Lender shal� accoun�to Borrower for
<br /> �he excess funds in accordance with RE�PA. If�here�s a shor�age of Funds he�d in escrow, as d�fined under
<br /> RESPA, Lender shall not�f� Borr�wer as required by RESPA, and Barrov�er shall�ay ta L.ender the amount
<br /> necessary t�m�ake up the shor�age�n accardance w�th RES PA, but in n�more�an 12 mon�h�y paymen�s. �f
<br /> �here is a def�ci�n�y af Funds he�d in es�rov�r, as def�ned und�r RESPA, Lend�r sha�l n�t�f�r Borrov�er as
<br /> NEBRASKA-Single�amily-Fannie MaelFreddie Mac UNI�QRM INSTRUMENT �orm 34�8'i 1�1
<br /> VMP p VMPfi[N�y[�30�)
<br /> Wolters Kiuwer Financial 5er�ices Page 5 0�17
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