��15�155�
<br /> Axzy app�ica�ian af�ay�nen�s, i�ast�ranc�praceeds, or Miscellaneous Procee�.s�o principal �.ue under��Ze N��o
<br /> sha11 r�ot ext�nd or�os�pone�he due c�a�e;. ar change the a�nou�z�, nF xhe Periodic Paymen�s. .
<br /> 3. T��nds for�scra�v I�e�ms. Bott�ov�rer shalt�ay t�Lende�an�lze c�ay Periodic Paymen�s a�e due t��a.der�he
<br /> Na�e, U�1�����.�.�N���iS�]�.1C�.f11�Li��, c�5U.I11���.1�"F`ur�ds"��o pravide for paymen�flf amou�ts due for: �a��:axes
<br /> an�.as�ess�-ner��s a�a.d.a�her i�et�ns�vhich.car�a�tiain pr�o�r�.�y over this Secu.ri�y Ins��:uznen�a� a 1�en or
<br /> ez�c�.mbra�.�e a�.�he Proper�y; �b} leasehold�a�tn�nts or gr�u:�d re��s ax��he Praper�y, if anY; �c�pre�niu�ns
<br /> fn�any atld�.����.su�ra�ce re�uired by Lender u�der Sect�on 5; ar�d�d}Morf:gage Insura.�ce prezniu�ns, if a�y,
<br /> or any su�lls payable by Barrowe��o Lender i��ieu of�he pay��xe�.�of M�r�gage�r�sur�.�.ce�remiu�ns��
<br /> acc�rdance�i�h th���ovisi�r�s of Sect�on ��, �'�lese i��t11s a.re cal�ed"Escrow T�ems." A�origii�a��o�ar�.�
<br /> aizy ti�r�e during t1�e�erm of��e T�oan, T�e1�d�r��nay rec�uir��ha�Ca�z�n�xnity Assoc�a��on Dues, Fees, a�d
<br /> .A..sses�rnen�s, if a�y, be escl�owec�by Barrovve�, and such dues, fees a��.assess�ne�ts sha��be a�z E�crow
<br /> I�etzz. B�rrovver s�1�.1��ra�npt�y fur�.�s�a.ta Le�1de�a1I rio���es of a�noun�s �o��paid un�.er�his SeG�ion,
<br /> Bor�•ovve� shall pay Le��er�he Funds for�scrow I��ms txnles�Len�.er waives Larrowet`'s ob�igation to�ay �
<br /> the Funds far a���r or a11 Esc�ow I�e�ns. Lender�nay vvaive Borrower's abl�ga�ion to pay to Le�d�r I'unds far
<br /> an�ar a��Escrow Y�eins a�aily���ne, Any su�k�v�ra�ver�na�only be in wr��irig. IIl��.18 8V�Y1��f SUC�.1 W�.].V�Y', �
<br /> Borr��vver shal�pa��i�re�tl�r, vv�ien and wh��e paya��e, t��e��nouz��s due f�r�.n�r Escraw I�e�ns far whi�h
<br /> payinen�;of Funds k�.as b�en vv�.ived by Lender az�d, �f L�ndei•requ�re�, sha�1 furnisll�a Le�.der receipts
<br /> evidencin,g such pa�ment vv��thir�such�i�n�per�od as Len��r may require. Barrovver's obl�ga�ion tia�nake
<br /> sL�ch p�.ymer��s a�d tio�rov��.e receip�s sha.��fo�al1�urpose��be�ieeined�o�e a Gavenant and agreemen�:
<br /> can�air�ed ir��hzs Securi�y Inst��ia�en�, as�he p�lrase "cove��an�and agree�nent" �s use�.ir�Sec��an 9, If
<br /> Bo�i•ower i�o�I�gate�.�o pay Esc�rov�r I�ems di�•ec�ly, pursuant to �.�t7vai�er, a�.c�BarroWer fa�1s�o�ay�he
<br /> a�noun�c�ue lor a��scrow T�em, Ler�der may exercise if;s righ�s unde� Section 9 and pay such amou�.�a�d
<br /> Ba�t awer sha���he�.be obrigated unc�er Sec�cin�9 to repay�a Len�er a�zy�uch atnaun�. Lender�nay re�al�e -
<br /> �he waiver as�o �.ny or a1r Escrovv r�ea.ns a�any tiine by�a�.��iGe g�ve�.in�.cca�da�ce vvit�i Sec�ian 1 S and,
<br /> upan suc��revoc�.�zo�, Borrov�e�s�lall pay�o L.et�d�r a1�Fu�.ds, �.nd�n s�.ch��nour��sy �ha�are t�1en�rec�uit��c� -_-----
<br /> a —
<br /> under�hxs Sec�io��3.
<br /> Lender may, ai�any�i��ne, co��ec�and ha�d Fu��.�xn an a��n�un��a} sufficie���o�aertni�Lender�o a��1y��i�
<br /> Fu�ds a��Ize t�tne spec�f�ed u�.der RESPA, ar�d�b� r�o��o exceed��ze 1�na�i�nu�n��nount a le�der c�.�require
<br /> ��Z�.er RESPA, Lender�ha�l es�i�na�e 1;he a�nou�z�af FuYzds c��e o��he basis of currenl:d�.ta a�a.d re�sonable
<br /> es�i�na�:es o.�ex�enditures�f Future Escrov�r I��tns �r a��1et w�se in accorda�t�.ce wi�1�App�ica�ble LaW,
<br /> T��e Funds sha1l�e held zn�.�i�s�itutio�w�ose depo�i�s are insu�re�.by�.fe�era�agericy, instiru�nen�atity, ar
<br /> en��ty�inc�uc�ing Len�.er., xf Le�der�s �n i�.s�i�utior�u�hose depos�ts are so�nst�red� Qr ir�any Federal Ho�ne
<br /> Loan Ba.n1�. Ler�c�er shall ap�ly�;he Funds to pay�l�e Escrow I�e�ns no 1a�er�ha1z��le�iYr�e�pecifiec��nder
<br /> RES�'.�. Let�der sha�1 n.o�ch�.rge Porrowe�•fo�r ho1�.i��g and app�yi�zg t��e Funds, ann�xal�y�.��a�yzi�.g��Ze
<br /> es�row account, or v��ifyi�.g�he Escrov�I�e�x�s, �.�n.�ess Letic�e�p�.ys Bo�°rov�er ir���rest at��;he I't�nc�s a.nd
<br /> App��ca��e Law pert-rv_ts Le�der�o�i�alfe suc�i a�ha�.�ge. Unless a.n ag�eet�l�n��s�xa.ade i�tivriti�.g ot
<br /> Appl�cab�e L�.v�r�equ�res zn�eres��a be paid an�he�undsg L�nde�°shal��ot be rec�uirec��o p�.y Borrovver a��.�
<br /> ir��eres�or eat�izi�zgs or��he Funds, �3orr�wer a�c�Le�zder can agree��z vsrri�ing, l�owe�er, tha�in����es�sh�.1�be
<br /> paic�oz�.�he Fut�d�. Lenc�e�i 5ha�1 give ta Bfl��ower, w���zout chat•ge, �n annual accot�r��ing af th�Tt�nd�a�
<br /> rec�uired�ay RESP.A.,
<br /> Ir t�lere is a s�rplus of Func�s he��.i�.esct�vv, a� c�ef��ed u.r�de�RESPA, Lender sha11 accotx���:n Ba�rovtrer far
<br /> ���e excess fuil�.s iti accorda�c�vtrith RESPA. If tllere is a shortage of Funds���1d�� esc�ov�, as c�efi�ed ut�c�er
<br /> RESPA, Ler�c�er sha�1�o��fy]3ari•otive�as���quired by RESPA, a�c�Borrov�er shall pay�o L��der�he atnou��
<br /> ne�essary�o�nalce up�h�shor�ag����accorc�ar�c�w���i R..ESPA, bui.in�a�na�e t1aa.� �2�noizth�y pay�nen�s. rf
<br /> �11e���s a�.e���etzcy o�Fur�ds�.e��.i�esci�ow, as �e�ined tx.r�.der l�SPA, ��nder sha11 no�xfy�3orrow�r as
<br /> 2��o7s�o
<br /> , NEBRASKA-Single�amily-Fannie�il aelFreddie IVi ac L1NfF�RM INSTRUM ENT Farm 3D2��141
<br /> VM P� VM P6�N�}{�3fl2�
<br /> VIlofters Kluw�r Financiaf Services Pag�5 of 17
<br />
|