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��15�1�95
<br /> Any appl�cation of payments, insurance proc��ds, or M�scellan�ous Proceeds to principal due under the N���
<br /> shal�nat ex��nd or postpone�he due date, or change the amount, af the Per�od�c Payments.
<br /> 3. Funds for�scrow Items. Borrower shall pa��o Lender�n the day Periadic Payments are due under the
<br /> Not�, unt�I�he N��e�s pa�d in fu11, a sum��he "Funds"}��pro��de fflr paymen�af amounts due for: �a}taxes
<br /> and assessmen�s and oth�r i��ms which can attain pr�flrity�ver th�s 5ecurity ��astrument as a lien ar
<br /> encumbrance on�he Praper�y; �b} leaseho�d pa�ments or ground ren�s on�he Pr�per�y, �f any; �c}prem�iums
<br /> far an� and a�� �nsurance requ�r�d by Lender und�r Se���on 5; and �d� Mor�gag��nsurance premiums, if any,
<br /> or any su�ns payab�e by B�rro�ver to Lender in�ieu flf the paym�n�of Mor�gage�nsuranc�prem�um.s in
<br /> acGordance w��h�he provisions of Sec�ion �D. These items are ca��ed "Escrow ��ems." A�origina�.ian or at
<br /> any txme durxng�he�erm of the Loan, Lender may require�hat�ommun�ty Ass��iation Dues, F��S, and
<br /> As�essn�ents, �f an�r, be escrowed by Borrower, and su�h dues, fe�s and as�e�smer��s sha��b�an Escrow
<br /> �tem. Borro�crer s�al.�pramp�ly furnish ta Lender al�notic�s�f amounts�o be pa�d under�hxs Sec�i�n.
<br /> Borraw�r sha�l pay I.,ender�he Funds f�r Es�row ��em�s unless I,ender waive�Borrovwer's ob��ga�ion to pay
<br /> the�unds far an�vr a�� Escrow ��ems. Ler�der�na�v�a��e Borrawer's����ga�ior��a pay�o �...�nder l�unds for
<br /> any or aII Escrow I�ems at any�xme. Any such v�ai�er may onl�be in writing. �n the e�v�nt of suc�i��.��rer,
<br /> Borraw�r sha11�a�dir�c�ly, when and where paya��e, the axn�unts due for an��scrov�r ��ems for vclh�ch
<br /> payxnent of Funds has been w�i�ed by I.�ender and, if I.�nder requir�s, sha��furn�sh to Lender r�eipts
<br /> e�idenc�ng such pay�ment wi�hin such�im�perioc� a� �..en��r may require. Borrower's��liga�i�n ta ma�e
<br /> such payments and�o pro�r�de re�e�pts shall f�r a��purposes be deemed to be a c�venan�and agreemen�
<br /> contained in�h�s Securi�.�r �ns�rument, as the phrase "co�enan�and agreem�.ent" is used�n Sectian 9. �f
<br /> Borr�wer is obl�gated to pa�Escrovv ��ems direct��, pursuant ta a wai�er, and B�rrower fa�is to pay�he
<br /> amoun�due for an Escrov�r Item, L�nder rnay exercise its rights under Sec��on 9 and pa� such amount and
<br /> Borrower sha.l��hen�e obl�gated und�r Sect�on 9 ta repay to Lender any such amoun�. Lender may revoke
<br /> the wa�ver as ta any ar a�� Escr�w �tems at any time by a not�ce given in accordance w�th Sec��on 1 S and,
<br /> upan such revo�a��on, Borr�vv�r shal�pay�o I.�nder aII Funds, and in suCh amoun�s, �hat are�h�n required
<br /> un��r�hxs Sec��on 3.
<br /> Lender may, a�any��me, �ollect and hold Funds �n an amoun��a} suff�c�ent�o perm��I.ender�o app�y�he
<br /> Funds at th�tim�spec�fi�d under RESPA, and t�}no�to exc��d the max�mum amount a�ender can r�qu�re
<br /> under RESPA. Lend�r shaii es�ima��the amount�f Funds due�n the bas�s�f current da�a and reasona���
<br /> est�m.a�es of e�.p�ndi�ures of fu�ure Es�row �tems or oth�rw�s�in ac�ardance w�th Appl�cab��Lavv.
<br /> The Funds sha���e held�n an ins���ut�on whose depo��t�are insured by a federal ag�ncy, instrumen�a�ity, or
<br /> en��ty�in�luding L.�nder, if Lender x�an institution whose depos�ts are sv insured}or�n any Fe�ieral Home
<br /> Loan Bank. Lender sha�l appiy the Funds�o pay th� Escrow �tems n� �a�er than the time sp�ci�ed under
<br /> RESPA. L�nder shaii nat charge B�rrflwer for holding and ap��y�ng the Funds, annually ana�yz�ng the
<br /> escrov�r a��ount, or�er�fying the Escro�r �tems, unless Lender pays Borrower inter�s�an the Funds and
<br /> App�icabie Law perm���s Lender to make such a charge. Un�ess an agreement�s made in wri��rig o�
<br /> Applicab�e Law�equ�res interes��a be paid on�he Funds, Lender shall no�be�required�o pay Bvrrt�v�v�r an}�
<br /> int�res�or earnings on�he F`unds. Borrower and L.ender can agr�e in v�rri.�i�g, howe�er, �hat�nt�re�st s�all be
<br /> �aid on�he Fund�. Lender sha�l gi�re to Borrov�er, wi��out charge, an annuai aecount�ng of the Funds a.�
<br /> requ�ret�by RE�PA.
<br /> �f�her��s a surplus�f Funds heic� �n escrflw, as defined under RESPA, Lender sha�� account to B�rrower for
<br /> ���excess funds �n accvrdarice v�ith R.ESPA. �f�here is a shor�age of Funds he�d in escrow, as d�fine�l under
<br /> RESPA, Lender sha��not�fy B�rrower a�requ�red by RESPA, and Borr�w�r sha�1 pa�to Lender�he amount
<br /> necessary to make up�he sh�rtage�n acc�rda�.ce w�th RESPA, but in na more�han 12 mon�h�y pa�ments. �f
<br /> �here i� a d��ciency�f Funds he�d in escr�w, as def�ned under RESPA, Lender sha11 not�fy Borr�wer as
<br /> N�BRASKA-Single Family-Fanr�ie Mael�reddie Ma�UNIF4RM INSTRUM�NT �orm 3D2S i IDi
<br /> VMP� VMPfi�NE)�13D23
<br /> W�iters Kluwer�inancia{Ser�ices Page 5 of 17
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