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<br /> An� appiica�ion of payments, �nsurance prac��ds, �r Miscel�aneaus Praceeds to princ�pa� due under the No�e
<br /> shail nat�xtend or p�stpone the due date, ar change�he amoun�, af�he Periadi� Pa�men�s.
<br /> 3. Funds for Escrow I�ems. Borrower shal�pay �a Lender an�he day Per�odzc Paymen�s are due under the
<br /> No�e, unti� �he Na�e is paid in fu�l, a sum�the "Funds"��o pravide for paymen�af amounts due far: �a} ta�es
<br /> and assessm�nts and o�her items wh�ch can a�tain priority over this Securi�y Instrument as a lien❑r
<br /> encumbrance on the Pr�perty; �b} leasehold paym�nts ar ground rents on the Proper�y, if an�; ��}pren3iu�ms
<br /> for any and a�i insurance r�quired by Lender under Se���on S; and�d} Mortgage �nsurance pr�m.i.ums, �f an�,
<br /> ar any sum�pa�ab�e b� Borrovver to Lender�n�i�u of th�pa�ment af iV�artgage�nsurance prem.iums in
<br /> acc�rdance v���h�he pro�isions of Section ��. These��ems are ca��ed "Escrow �tems." A�flrigina�ion�r a�
<br /> any��me dur�ng�he�erm of the Loan, Lender may require�hat�ommun�ty Associa��on Dues, Fees, and
<br /> As�essmen�s, if any, be escrowed by Borro�rer, and such dues, fees and assessmen�s s�a��be an Es�rov�r
<br /> Item. Borrower sha��promp��y furnish�o Lender al� n�tices of amoun�s to be paid und�r�h�s Sec�i�n.
<br /> Borrower sha��pa� L.�nder t�.e Funds for�scrow Items un�ess L�nd�r wa�ves Barrower's abl�gation to pay
<br /> the Funds far an��r all Escrow Items. Lender may v�aive Barr�wer's�bligati�n to pa�to Ifender Funds for
<br /> a�xy or a�l Escrow �tems at any time. Any such wa��ver rr�ay on�y b� in writing. �n�he e�ent of such�nraiver,
<br /> Borrawer sha�l pa�d�rectly, when and where payable, �he amoun�s du�far an��scrow ��ems for�vhic�
<br /> pa�men�of�unds has been waiv�d by Lender and, �f L.�nder requires, sha11 furn�sh to Lender re�eip�s
<br /> evidencing such pa�ment v�ith�n such��me per�od as L.�nder may require. Borrow�r's o��iga��an ta make
<br /> such paymen�s and�o pro��de receipts shal� for a�l purposes be de�med to be a co�venant and agr�emen�
<br /> conta�ned in th�s Secur�t� �ns�rumen�, as the phrase "covenan�and agre�men�" is used�n Sec��on�. �f
<br /> Borrovver is obliga�ed�o pay Escr��v Items d�rec��y, pursuan���a.wai�er, and Borrower faiis t�pay the
<br /> amoun�due f�r an Escr�w �tem, Lender may e�ercise i�s righ�s under Section 9 and pay such amoun�and
<br /> Borr�wer shal��hen be obl�gated under Sec��on 9 to repa��� Lender an�such amoun�. Lender may revoke
<br /> the wai�er as to any or a�� �scrow �tenzs at any time�y a no�ice gi�en in accardance with Section I5 and,
<br /> upon such re�rocat�on, Borrower shall pay�o Lender all Funds, and �n such amounts, �hat are�hen r�quired
<br /> under th�s Section 3.
<br /> Lender may, at any t�m�, co��e�t and ho�d Funds in an amoun� �a} suffi�ient�o permit Lender�a a�piy the
<br /> Funds at the��me speci�ied under R�SPA, and�b} not to exce�d�he ma��mum amoun�a�ender�an require
<br /> under R�SPA. Lender shail estimate th�amaunt of Funds due on�he bas�s of curren�da�a ar�d reasonable
<br /> estima�es of exp�nditur�s of future Escr�w �tems or�therwise in acc�rdance wi�h App�icable Law.
<br /> The Funds shal�be he�d in an�ns�itut�on whose depas�ts are insured by a federa� agency, �ns�rumentality, or
<br /> en�i�� ��nciud�ng L,ender, if Lender is an insti�ut��n whose deposits are so �nsured}or in any ��deral Home
<br /> L.oan Bank. Lender shall apply the Funds�fl pay �he Escrnw �tems no la�er than�he�ime sp�cif�ed under
<br /> RESPA. Lender shall nat charge Borrower for ho�ding and app�yin�the Funds, annua�iy analyzing the
<br /> es�r�w accoun�, or�erif�xng the Escrow ��ems, unless Lender pa�rs Borrower�nt�res��n the Funds and
<br /> App��cab�e Law perm�ts Lender to make such a charge. Uniess an agreem�nt is made in wri�ing�r
<br /> Appli�ab�e Lav� requires int�rest t�be paid on the Funds, Lender shali not�e required�o pay Borrov�er an�
<br /> in�eres�or earn�ngs on�he Funds. Borrawer and Lender can agree �n wr�t�ng, howev�r, �ha��nterest shall be
<br /> pa�d on�he �unds. Lend�r shall giv�ta B�rrawer, v�ithou�charge, an annua� accoun�ing of the Funds as
<br /> requ�red by RESPA.
<br /> If there is a surp�us of Funds heXd in�scr�w, as defined under R�SPA, Lender sha�� account�o Barrower for
<br /> the excess funds in accordance with R�SPA. �f there�s a shor�age of Funds held in escrow, as def�ned under
<br /> R�SPA, Lend�r sha1l notify Borrower as required by RESPA, and B�rrower shai�pay to Lender the amoun�
<br /> necessar� ta make up �he shortage in accordance�uith RESPA, but in no more than �2 m�nth�y paymen�s. If
<br /> there is a d�f�c�en��r of Funds heid �n escrow, as def�ned und�r RESPA, I.�nder shaii nnt�fy Barrower as
<br /> N�BRASKA-Single�ar-niIy-Fannie MaelFr�ddie Mac l�Nt�QRM INSTRUM�NT �arm 3028 110i
<br /> VMP� VMP�[NE}t1302)
<br /> Walters Kiuwer Fir�anc�al Ser�ices Page 5 af 17
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