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��14�7513
<br /> Any application of pa:ym.en�s, insura�ce proceeds, or N.�iscelXaneous Proceeds�o principa�due under the Not�
<br /> sha.�not e�tend ar postpone�e due d�.te, or change the am�u�t, af the Per�.adic 1'aymen�s.
<br /> 3, �'u.n.d.�f�r�sca�ov�Items. Borr��ver sha��pay t�Lender on�the day Feri.od�c Paym��ts ar�due uxider�he
<br /> Nate, un�i�th�Not�xs pa�d�r�fu��, a sum��he"Funds"3�a prov:ide for payment of a��un�s due for: �a��axes
<br /> and assessmen�s and other�tems urh�ch can at�ain pr�Qri�y over tha.s Security Instrumen�as a�ien Qr
<br /> encumbrance an th�Property; [b� leasehold paym��.ts or graund rents on the Property, if a�y; ��)premiu.ms
<br /> for any and.a.11�nsuranee requ�.r�d by Lender under Sectio�:S; and�d}M�r�gage Insurance�rem�ums, if any,
<br /> or any sums payab�e by Borrower to Lender i�a.lieu of�he paymen�of Mor�gag;e Insurance premiu�ns in
<br /> accardance v��h�he prov�sxans of Section �0. These i�ems ar�ealled"Escrow Items." A�orig�nation ar at
<br /> a�y ti�ne dur�a.g�.he�erm of�he Laar�, Lendex may require that Commun�.ty A�s�cia:tx�n Dues, Fees, and.
<br /> Assessments; �f any; be escrow�d by Barrower, ar�d such d�.e�, fee�and assessments s]ha1��e ar�Escrow
<br /> It�m. Borrower sha1�.prompt�y furnzsh�o Ler�der al.�.na�ces of arri�unts�o be paid u�der this Sectior�.
<br /> Borrovwer sha1�pa.y Lender�he Func�s for EsGra�v I�ems unl,ess Len�.�r wa�ves Borrow�r's ob�.�gatioxa�Q�ay
<br /> �he Fund.s for any Qr aYI Escrow Items. Lender m.ay wa�:ve Bnrrou��r's ob��gat�on to pay�o Lender Funds for
<br /> any or all Escrovv I-�ems at any�ime. Any such wa�ver lnay ar�y�be�n writing. In the event of such waiver,
<br /> Borrov�er shall pa�r d�.rec��.y, when a.�d where payable, -�he amounts due for ar�y Escrow Ite�ns far which
<br /> paym.ent o�Fun.ds has b�en tivazved�by Lender a�d, if Lender requires, sha1.�.fi�rn�.sh to Lender rece�p-�s
<br /> evi_dencin�sueh payment Vvithiri such time periad as L��.der may require. B�rro�xrer's obligatiorx to make
<br /> such payments and to provxde rece�pts sha1�for a1�.�purposes be deemed to be a c�venant and agreement
<br /> conta:i�ec�in.this Secur�ty In.strument, as�h�phrase f'cavena�f and agreement" is usec�i-�:Sec�i.on 9. If
<br /> Borr�we�is obligated�a pay Escr�w Items d.irect�y, pUrsua�t�o a wa:�ver, and Borr�wer faxls ta pa.y�he
<br /> amount du�for a.n.Escrow I�em, Lender may e�ercxs�its r�ghts u:nder Sec�.on 9 anc�pay such am�urzt and
<br /> Borrourer shall then be ob�iga�ed under Sect�o�.9 to repay t�I�ender any such am�u.�nt. ��nder n�aay revo�e
<br /> �he wa�ver as t�a.ny or aTI Escrow Items at any time by a not�ce giv��in accordance vv�:th Sec��.Qn �� ar�d,
<br /> upan�uch revocat�on, Barrower sha.��pa�r to Lender aI1 Funds, ax�.d�n such amounts, tha�are�.hen r�quired
<br /> under�us Sect�on 3.
<br /> Lex�der may, at any tim�, callec�and hol.d Funds in an amour�t�a� suf.�cient�o pern�it Lender to apply th.e
<br /> Funds a��he�me speci.fxed under RESPA, and�b}not to exceed the ma:�7mmum amour��a l�ender can requ�.re
<br /> ur�der RESFA. Le�xder shall estima�e the amount of Fus�d� due on tlie basis of�urren�data and rea,�onable
<br /> estYma.tes of ex.pend�tures of future Escrovv Items or o�ierv�r�.se in accordance wi�i Applicab�e Law.
<br /> �C'he Fur�ds s�al��be helrl i.n an i�stztutior�w�iose deposits�.r�insurec�by a federa.�ager�cy, instru:me�ial�ty, �r
<br /> �ntity�includin�Lender, if Le�der is an�.nstitu�x�n�vhose�eposi.ts are so insu.�ed��r in.a.�y Federal Home
<br /> Loax�.Ban.k. I�ender sha1�.ap���the Fu:r�ds to�ay the Escrow Items no Iater�ian�he ti�ne specified under
<br /> RESl'A. Lender sh�1�not Gharge Borrawer far holdin.g and app�ying�ie Funds, ann:ua�Iy analyzing�he
<br /> escrow account, or vexify�ng the Escrow Items, ur�less Ler�der pay�Borrower in.terest o�.the Fuxxds arxd
<br /> App�icab�e Law perm�ts Lender to make such a charge. Unless an agreement i�s�ade in�xrr�.ting or
<br /> Applicab�e Law requ�.res�n�er�,st tfl be pa�.d on the Funds, JLender shal�no�be required�o pay Barrower ar�.y
<br /> interes�.or earni�gs on�he F'unds. Borrower and Lend�r can agree x.n�vr�ting, however, �hat iriterest sha1�be
<br /> pa.id on the Fu�ds. Lender sha.�1 g�ve to Borr�vver, yvithout charg�, an ar.�ua:�accaunt�g�f�he Fuxlds as
<br /> requ�rec��y l�ESPA.
<br /> If�here is a surp�us of Fu�.ds he�d in.escrow, a�def�e�l�der�2.ESPA; Lender sha1�accaunt�o�Barrovrer far
<br /> the e�cess funds in accordance wi:th RESPA. If there�s a shor�age of Funds he�d in escro�r, as de�.ed under
<br /> RESPA, Lender shall�ot�fy Borrower as requzred.�y R]ESPA, anc�Borrower shall pay to Lender�he amflunt
<br /> necessary to ma�e up the shor�age in accardar�ce W�th RESPA, but ix�no more than �:2 mor��ily paym�nts. If
<br /> �iere�s a�.eficiency�f Funds hel.d�n escrow, as defined under RESPA, Lender�hall nat�fy BorrQwer as
<br /> 2400T54�
<br /> NEBRASKA-Sing[e FamEfy-Fa�in�e N!aelFreddie M ac�NiFQRM IN5TF2�M ENT Form 3�28�1�1
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<br /> Wv[ters KIUw er Finan.�ial Services Pa ge����7
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