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<br /> Any app�ication of paym�n�s, insurance praceeds, or N��scel�aneous Proc��ds to princ�pa�due under the Note
<br /> shal� no�ex�end�r postpon��he du�da�e, or chang��he amount, of�he Per�fldic Payments.
<br /> 3. Funds for Escrow Itenr�s. Borrower shail pay t� L�nder on�he d�y Period�c Fa�ments are due under the
<br /> No�e, un��� the Nate is paid in fu11, a sum�the "Funds"} �a�rovide far payment af amoun�s due for: �a} taxes
<br /> and assessments and other items which can a�tain priority over this Se�uri�y Ins�rument as a lien ar
<br /> �ncum�rance on�h�Proper�y; �b} �easehoid paym�nts or�round ren�s on�he Proper�y, if an}�; �c} pr�miums
<br /> far any and all insurance required��L.ender under Section S; and �d} N�ar�gage�nsurance premiums, if any,
<br /> or any sums paya�le��Borrow�r�o Lender in 1i�u of the paymen�of Mor�gage �n�urance premiun�.s �n
<br /> ac��rdance�ith the pro�isions of Se��ion IU. Th�se items are called "Escrow I�ems." At origina��on or at
<br /> an���me dur�ng the�erm of the Lo�n, Lender ma� r�qu�re tha�C�mmun�ty Associat�on Dues, Fees, and
<br /> Assessmen�s, �f an�, �e escrovved b� Borrawer, and such dues, fees and assessments sha11��an Es�row
<br /> I�e�n, Borr��er shal� promptly furnish to Lender ali notices of amoun�s to be paid under�hzs Sec�ion.
<br /> Borraw�r sha�l pa� Lend�r the Funds for Escr�w It�ms un�ess Lender v�aives Barrower's obiigat�on ta pa�
<br /> ��e Funds f�r an�or aIl �scrow �tems. Lender m.ay wa��e Borrnwer's obl�gation to pay�a L�nder Funds for
<br /> an�or a�I Escrov� �tems at any time. Any such waiv�r may on��be in vvrit�ng. �n the e�ent�f such vva�ver,
<br /> Borrower sha�l pay direc��y, v�hen and where pa�ab�e, the am�un�s due for any Escrov� Items for wh�ch
<br /> paymen�af Funds has be�n vcra�ved by I..ender and, �f�nder requires, shal� furnish to Ilender reGeipts
<br /> evidenc�ng su�h pa�ment within such tirne period as Lender may requ�re. Borrovver's ob�iga�ian�o mak�
<br /> such payments and to pro�ide r��eipts shall for aII purposes be deemed�o be a co�enan�and agreemen�
<br /> cantained in this Secur�ty �nstrument, as the phra�e "c�venan�and agreement" is us�d in Sec�ion 9. If
<br /> Barrov�rer�s ob�igated to pa� �scrow �tems dire�tly, pursuant to a v�ra��ver, and Bnrr�wer fails to pay th�
<br /> amount du� far an Escrov� ��em, Lender may exercise i�s rights under Section 9 and pay such amount and
<br /> Borrou�er shali �hen be obliga�ed under Sec�ian 9 t�repay�o Lender an}� such amount. Lend�r may re�oke
<br /> the wa�ver as to any or a11 Escrow ��ems at any �ime�y a n��ice given in accordan��with Section 15 and,
<br /> upan su�h revocation, B�rr�wer sha�l pay�o Lender a�l Funds, and�n such amnunts, tha�are th�n requir�d
<br /> under�his S�ction 3.
<br /> L,end�r ma�, at any�im�, collec�and hold Funds in an amount�a} suf�cient�a permit Lender to apply the
<br /> Funds a�the�ime sp�ci�ed under RESPA, and�b}not t�exceed the maximum amount a lender can require
<br /> under RESPA. Lender shai� es��ma�e�he am�unt of Funds due on�he basis of current data and r�asonable
<br /> es�imat�s of exp�nditures �f futur�Escrow Items or otherwise in accordance with Applicab�e La�.
<br /> The Fur�ds sha��b�h��d in an�nsti�ution whose d�pos�ts are�nsured b� a federai agency, �nstrumen�al�ty, or
<br /> entity ��nc�uding L,ender, if Lender is an ins��tution whnse deposi�s are so �nsur�d�or�n any Fed�ral Hom�
<br /> Loan Bank. Lender sha1� app1��he Funds to pa� �he E��ravv I�ems na later�han�he tirne speci�ed under
<br /> RESPA. Lender sha�� no�charge Barrower for ho�ding and app�ying the Funds, annuall� anai�zing the
<br /> �scrow accaun�, or verify�ng�he Escrow �t�ms, un�ess Lender pays Borrovv�r xnterest an the Funds and
<br /> Applica�ie Law permits Lender��make su�h a charge. �Jnless an agreemen�is made in writing or
<br /> Appl�cab�e Law requ�res �nterest to be paid on the Funds, Lender shall no�be required�o pay B�rrower any
<br /> �nt�res��r earnings on the Funds. g�rrower and Lender can agre��n wrx�in�, however, that interes� shail be
<br /> paid on the Funds. Lender shaii give�o Borrower, wi�hou�charge, an annual accoun�xng of�he Funds as
<br /> requ�red by RESPA.
<br /> �f�here is a surp�us nf Funds held in�s�raw, as de�n�d under RESPA, Lender s�aai� ac�ount to Borrower for
<br /> �he excess funds in a��or�.ance wi�h RESPA. If there is a shor�age af Funds held in escraw, as def�ned under
<br /> RESPA, L�nder sha�� notify Borr�v�rer as requ�red�y RESPA, an�Borro�ver shall pay to L.end�r the amount
<br /> n�cessary to make up �he shar�age in accordance wi�h R�SPA, but �n no mare�han �2 month��payments. If
<br /> there is a def�cienc�j of Funds held in escrov�, as defined under RESPA, I.end�r sha�� not�fy Borr�wer as
<br /> N�BRASKA-Single Fare�i�y-�annie Mael�reddie Ma�UNI�QRM 1NSTRllMENT Farm 302$�l01
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<br /> Walters Kluwer�inancia!Ser�ices Page 5 0�17
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