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<br /> Any applica��on of payments, insurance proceeds, or Misce��aneaus Proc�eds �a pr�ncipa� du�under the Not�
<br /> shal�not extend or p�s�pane the due date, or change �he am�un�, of�he Per��dic Paymen�s.
<br /> 3. F'unds for Escrow Items. Borrov�rer sha�l pay�� Lender on the day Per�odic Payments are due under the
<br /> Note, until the No�e�s paid in fu��, a sum.�the "Funds"� �o pro��de for payment of amaunts due for: �a}�axes
<br /> and assessments and other it�ms wh�c�can attain priori�y o�er this Securit� �ns�rum�nt as a��en or
<br /> en�umbrance on�he Property; �b} �easeho�d payments or graund rents on the Proper��, if any; �c}pre�ums
<br /> for any and ail insurance required by Lender under Secti�n 5; and�d� Mortgage�nsurance premiums, if any,
<br /> or any sums payable�y Borrower�o Lender�n�ieu af th�pa�men��f Nlortgage�nsuranc�premiums in
<br /> accordance�v�th the pro�isions af S�c�ion 1Q. Thes��tems are cal�ed "Es�raw Ytems." A�arigxna�ion or at
<br /> any�ime during�he term�f�he Loan, Lender rna�requ�re tha�Com�.muni�.y Assvciat�nn Dues, Fees, and
<br /> Assessmen�s, �f an�r, be escr�wed by Borrawer, and such dues, fees and assessmen�s s�a��b�an Escrow
<br /> �tem�. �orrower sha��prompt�y furnish�o L�nder all n��i�es of amaunts�o be paid under�his �ec��on.
<br /> Borr�wer shall pay Lender the Funds for Escraw �tems unl�ss Lender wa��es Barrower's ob�igation to pay
<br /> �he Funds fQr an��r a11 Escrovv ��ems. Lender may waiv�Borrow�r's obligat�on to pay�fl Lender Funds for
<br /> any or a�� Escrow �tems at any time. Any such v�ai�er may on��be in wri�ing. �n the e�en�.of such wa���r,
<br /> Borrower shall pay dir�ct�y, vvhen and vvhere payable, th�amaun�s due far any Escrnvv It�ms for�h�ch
<br /> payment of Funds ha�beeri wa��ved by L.�nder and, if Lender r�quir�s, shal� furnish�o Lender receip�s
<br /> e�idencing such paym�n�wi��.in such t�m.�period as Lender may require. B�rrow�r's ab�igatian�o make
<br /> such payments and ta pro�ide r�ceipts sha�� for al�purpos�s be deemed t��e a ca�ver�an�and agre�mer�t
<br /> c�ntained�n th.�s Security Instrument, as the phrase "co�e�an�and agreemen�" is used�n Sect�on 9. �f
<br /> Borrawer is abligated��pay Escrov� I�ems directly, pursuant to a wa�ver, and Borrower faiis�o pay the
<br /> a�nount due for an Escrov�r �tem, Lender may exercise i�s r�gh�s under Sec�ion 9 and pay such amaun�and
<br /> Borrower shali then be�b1�ga��d under 5ect�on 9�o repay to Lender an� such amoun�, I,ender may revoke
<br /> the waiver as to any or a��Escrow ��ems a�any t�me by a notice given in accordance w��h Sectivn �.5 and,
<br /> upon such revacation, Borr�wer sha��pay t� I.�end�r a�l Funds, and in such amtiunts, �hat ar�then required
<br /> under this Section 3.
<br /> Lender may, at an�r t�m.e, ca��ec�and hold Funds �n an amount�a} suff���en���permi.�Lender�o appXy�he
<br /> Funds at the time specified und�r R�SPA, and�h�not�o exceed�he max�mum amaun�a lend�r�an requir�
<br /> under RESPA. Lend�r s�all es�ima�e���amaunt of Funds due on the bas�s of curr�nt da�a and reasonable
<br /> e��ima�es of�xpend�tures af futur�Escraw ��em.s or�therwise�n accar�ance�vith App�icab�e Law.
<br /> T�ie Funds sha�l�e heid in an�ns��tut�an whos�depos�ts are insured hy a federal agency, ins�rumentali�.y, ar
<br /> entity�including Lender, if Lender�s an ins�itu�ion whose deposi�s are sa insured}or�n any Federal Home
<br /> Loan Bank, Lender shali apply�he Funds�o pa��he Escrov� ��ems no Iater than the time speci�ed under
<br /> RESPA. Lender shall not charge Borrower for ho�d�ng and appiy�ng the Funds, an�aually ana�yzing the
<br /> es�row acc�un�, flr ver�fy�ng the Escrovv Items, u�a�.ess Lender pays Barr�wer�n�erest an the Funds and
<br /> App�icabl�Lav�permui�s L.�nder to ma.ke such a charge. Unless an agr�ement is made in wri�ing or
<br /> Appl��a��e Law requires �nteres�ta be paid on�he Fund�, Le�der sha��no�be requ�red to pay Borrower any
<br /> interes�ar�arnings �n the Funds. ��rr�wer and Lender can a�ree�n writ�ng, however, that�nterest sha�1�b�
<br /> pa�d�n�he�unds. Lender sha.�� gi�e�o Borrower, withou�charg�, an annua� accaun�ing of the Funds as
<br /> re�u�red by RESPA.
<br /> �f�here is a surplus of Funds heid �n escro�, as de�ned under RESPA, Lender shal� accaunt��Borro�v�r for
<br /> the ex�ess funds in accardan�e v�x�h RESPA. If ther�rs a shor�age af Funds he�d in escrow, as de�ned under
<br /> RESPA, Len�.er sha��n�t�fy Barrow�r as requ�r�d by RESPA, and B�rrower shall pay�o Lender t�e am�unt
<br /> necessary�o make up the shor�age in accordance with RESPA, bu�xn no mare�han 1�manth��r pa�ments. �f
<br /> �here is a def�cienc�r af Funds held in escraw, as def�n�d under RESPA, Lender sha�l n�tif�r Borrawer as
<br /> NEBRASKA-Single Famity-�annie MaelFreddie Mac UNI�flRM INSTRUM�NT Form 3�2$11D1
<br /> VMP[� VMP6{NEf[134��
<br /> Walters Kluwer Financial Ser�ices Page 5 vf 17
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