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<br /> Any applicati�n of payments, �nsurance pro��eds, or Mis�ellaneQus Proc�eds�fl princ�pal due under the Na�e
<br /> shali n�t extend or pos�pone�he due date, �r change the amount, �f the Per��dic Payments.
<br /> 3. Funds for�scrow Iten�s. Barrower sha11 pa� ta Lender on�h�day Period�c Paymen�s are due under the
<br /> Note, unt�� the Note�s paid in full, a sum�the "Funds"}t�provide for payment of amounts due for; �a} taxes
<br /> and assessments and ather items v�hich�an at�a�n pri�rity o�er�his Secur�ty �ns�rurnen�as a lien or
<br /> encumbrance on�he Proper�y; �b} Ieaseho�d paym�n�s or ground rents on the Prop�r�y, if any; �c}prem.�um�
<br /> fflr any and al� insurance required by I.�nder under Se�ti�n 5; and �d} M�r�gage Insurance premr�iums, �f ar�y,
<br /> or an�sums pa�a�Ie by B�rrow�r�o Lender in lieu of the payment af Mor�gag�insurance prern.�ums in
<br /> accordance w��h�he pro��s��ns of Sec��on �4. These�tems ar�ca��ed "Escrow �t��ms." At orig�na�ion or at
<br /> any t�me during the�e�-m af the Loan, Lender may requ�re that�ommunit�Associat�on Dues, Fees, and
<br /> Assessm�nts, if an�, be escr�wed by Borrower, and such du�s, fees and assessments shall �e an Es�row
<br /> ��em. Borr�wer shal�promptly furnish to Lfender al�notices�f amoun�s t�b�pa�d under this 5�c�ion.
<br /> Borrovver shall pay Lender the Funds f�r Escrflw �tems un�ess L.ender wai�r�s Borrovwer's ob�igation ta pay
<br /> the Funds far any or al� Escrov� I�ems. Lender ma��va�ve Barrower's obii�a�ion to pay to I,�:nder Funds for
<br /> any or a�� Es�r�vv ��ems a�any��me. Any such wai�rer may only be in wri�ing. In�he e�ent flf such wai�er,
<br /> Borrower sha�l pay d�rect�y, v�rhen a�d v�rhere payable, �he amaun�s due for any Escrovv �t�ms for which
<br /> pa�ment af Funds has been wai�ed by Lender and, if Lender requires, sha�� furxa�sh to Lender receipts
<br /> ev�denc�ng such paymen�within such�xme per�od as Lend�r may require. Borrower's oh�igation to make
<br /> such pa�men�s and�o pr�vide rece�pts sha�1 for all purpos�s be deemed to b�a covenant a.nd a�reement
<br /> �ontained in thxs Secur�ty �n�trumen�, as the phrase "�ov�nant and agre�ment" is used in Secf�on 9. If
<br /> B�rrovver is obligated�a pay EsGrow Items d�rectly, pursuant to a waiver, and Borrower fa�ls�o pay the
<br /> amount due for an Escr�w Item, Lender may exerczse��s righ�s under Sect�on 9 and pay such amount and
<br /> Borravver shall�hen be o�ligat�d under Sec�xon 9 to repay to Lender any su�h am�unt. Lender may re�ok�
<br /> �he wa�ver as to ar�y�r a�� Escrow �tem�s a�any time by a notice gi�ven in accordan�e w�th Section �5 and,
<br /> upon such re�vocat�fln, Borrower shall pay t� Lender a�� Funds, and �n such amounts, �ha�are then requ�red
<br /> und�r th�s �ectio�a 3.
<br /> �...end�r may, at any t�me, collect and ho�d Funds i�a.�a�.ount �a3 sufficien��o perm��L�nder to apply the
<br /> Funds at�he�ime spec��ed under RESPA, an��b} n�� �o exceed�he n7aximum amoun�a�ender can requ�re
<br /> under RESPA. Lender sha�� es��ma��the am�unt�f Funds due on�he�asis af current data and reasanab�e
<br /> estir�nates of e�penditures�f futur�Escrow �tenzs�r otherwise in accordance with Applicable Law.
<br /> Th�Funds shaii b�held in an ins��tu�ion whose depo�its ar�insured b� a f�d�ra� agency, �ns�ru�nen�alit�, or
<br /> entity ��nc�ud�ng L.�nder, �f Lender is an inst�tution v�hase d�pos��s are so �nsured} ar�n an�r Federal Home
<br /> Loan Bank. Lender shall apply the Funds �o pay the�scrovv ��ems no la�er�han the tirne specified under
<br /> RESPA. Lender shall not charge Borrower for holding and app���ng the Funds, annually anai�rz�ng�he
<br /> escrow accoun�, flr ver�fy�ng�he�scrow �t�ms, un�ess Lend�r pays Borr�vver in�eres�on the Funds and
<br /> Appiicab�e Law p�rmi�s Lender to mak�such a charge, Unless an agreemen� �s mad� in v�rr�ting ar
<br /> Applicable Law re�uires interes�to be paid an�he Funds, Lender shall not b�requ�red t�pay Borrav�er any
<br /> �nterest�r earn�n�s on the Funds. Borrow�r and Lend�r can agree in writ�ng, hov�e�er, �hat�n�erest shall be
<br /> paid on�he Funds. I.ender sha�� give ta Barrower, with�ut charge, an annual a��ounting of the Funds as
<br /> requ�r�d by R�SPA.
<br /> �f there is a surp�us of Funds he�d in escrow, as defined und�r RESPA, Lend�r shall account�o Barrow�r for
<br /> the excess funds in accardance wi�h RESPA, If�here is a shor�age of Funds held in escrov�r, as defin�d under
<br /> RESPA, Lender shall notify Borrower as requir�d b��.ESPA, and Borrovver shal�pay to Lender the amount
<br /> necessary�o make up the shor�age�n accordance wi�h R�SPA, but �n no mare�han 12 monthl�paymen�s, �f
<br /> �here ts a def�ciency of Funds h�ld in escrow, as defined under RESPA, Lender shall notify Borrower as
<br /> N�BRASKA-SingEe Family-�annie Mael�reddie Mac L3NIFORM INSTftUMENT Form 3�28 110�
<br /> VMP� VMPfif NEf�1342f
<br /> Walters Ktuwer Financial Ser�ices Page 5 af�7
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