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<br /> Any application of pa�ments, insurance proce�ds, or M�scel�aneous Proceeds�fl princ�pal due under the Note
<br /> shal I not extend or postp�ne the due da�e, �r chan�e the amount, �f the Periodi� Paymen�s.
<br /> 3. Funds for EsCrov�v I�ems. Borrower shall pay to Lender on#he day Period�c Pa�ments are�iue under the
<br /> Note, untii th�Note is paid in fui�, a sum tthe "Funds"} to pro�id�far payment of amaunts due for: �a} ta�es
<br /> and assessm�nts and o�her�t�ms whi�h can atta�n pri�rity over�his S�cur�ty �nstrum.ent as a�ien or
<br /> encumbran�e on�he Prapert�; ��} ��asehoid payments or ground rents on the Property, if any; ��}premiums
<br /> f�r any and all insurance required by Lender under Sect�on 5; and�d} Mor�gage Insuran�e premiums, if any,
<br /> or an� sums paya�le by Borrower�o Lender in li�u of the payment of N�or��age�nsurance prem�ums in
<br /> accordance w�th the prov�sz�ns af Sect��n ��. Th�se i�ems are ca��ed "Escrow ��em�." A�ori�ination or at
<br /> an�time during�he term of�he Loa�a, L�nder ma� r�qu�re tha�C�mmunity Associat�on Dues, Fees, and
<br /> Assessments, if any, be escrowed by B�rr��er, and such dues, fees and assessments shali�e an Escrow
<br /> �tem. Borr�wer sha�1 promp�ly furnish�o Lender ali noti�es of amounts to�e pa�d under this Section.
<br /> Borrovver shali pay Lender�h�Funds for Escrow �tems unless Lender v�a��es Borrovver's ohl�ga�ion to pay
<br /> th�Funds for an�or al� Escrow ��ems. Lender rna�wai�e B�rrawer's obligat�an to pay�o Lender Funds for
<br /> an�or all E�craw Items at an���me. An� such�ai�er may on��be �n wr���ng. �n�he event of such wai�ver,
<br /> Borrovver�ha�l pay direct�y, when and where payable, �he amoun�s due for any Escrow �t�ms far whi�h
<br /> paymen�of Funds has been wai�ed by I..�nder and, if Lender requires, shall furnish to �nder rec�ipts
<br /> e�idencing such payment with�n such time p�r�od as L.ender may requ�re. Borrawer's obiigat��n�o make
<br /> such pa�men�s and�a provid�receipts shal� f�r all purposes be deenled to be a co�renant and agr�emen�
<br /> contained �n this Secur�ty �ns�rument, as�he phrase "co�enan� and agre�men�" is used in 5ecti�n 9. �f
<br /> Barrower�s abliga�ed to pay Escr�w �tems d�rec�ly, pursuan�to a wai�rer, and B�rrov�er fails to pay the
<br /> am�unt due for an Escrow �tem, Lender may exerc�s� i�s r�ghts under Sec�ion 9 and pay such amount and
<br /> Borrower shalx then be ob��ga�ed under Se�tion 9 to repay to Lend�r any such amount. Lender rnay re�vake
<br /> the vvai�er as to an�ar aII �scr�w �tems a�any�ime by a notice given in accordance wi�h Sec�i�n �5 and,
<br /> upon such r�va�ation, Borrower sha��pay �o I.,�nder a�� Funds, and in such amounts, that are then required
<br /> under this Sect�nn 3.
<br /> L�nder may, at any�ime, co�lect and ha�d Funds �n an amou�t �a} suf�czen���pernu�Lender t�app�y�he
<br /> Funds a�the�im�sp�ci�ed under RESPA, and �b}not�a e�ceed the maximum amount a lender�an require
<br /> under RESPA. Lender sha�� est�mate the amoun�of�unds due on the�basis af current data and reasonable
<br /> es�imates of expenditur�s of future Escrow �tem�or o�herwise in accordance w�th App�icab�e LavSr.
<br /> The Funds shaii be he�d in an�nstitution whose deposi�s ar� insured�y a federal agency, �ns�rum�n�a�i�y, or
<br /> enti�y�inc�uding Lender, if Lender is an�ns�itu�ion whase deposi�s are sa insured}nr in an� Federal Home
<br /> Loan Bank. Lend�r sha�� apply�he Funds �o pay�he Escrovv �tem.s no later than the�ime spec��ed under
<br /> RESPA. Lender shai� n�t�harge Borrower for halding and applying the Funds, an.�aually analyz�ng the
<br /> escrow accoun�, ar�er�f�ing�he Escrow ��ems, un�ess Lender pa�s Borravver�nterest on the Funds and
<br /> Applicabl� Law permi�s Lender�n make such a charge. Un��ss an agr�emen� is made in writing�r
<br /> Appl�cab�e Laur requires interest to be pai�on�he Funds, Lender sha�i nat be required��pay Borrower any
<br /> in�erest or earnings on the Funds. Borrower and L.ender can agree in v�rri�ing, ha�vever, �ha� interes�sha��be
<br /> paid on�he Funds. Lender shall gi�re�o Borrower, withou�charge, an annual acc�unting af the Funds as
<br /> r�qu�red by R.ESPA.
<br /> �f�here is a surpius of Funds held in escrovv, as de�ned under RESPA, Lender shali account to Borrower for
<br /> the excess funds in acc�rdance with RESPA. If there is a shor�age of Funds he�d xn escrov►�, as defined under
<br /> RESPA, Lender shal�na��fy Borrower as re�uir��by RESPA, and Barrov��r sha��pay to Lender the a�nount
<br /> necessary�o make up�h��hor�age in ac�ordanc�with RESPA, but in no mor�than 1�monthly pa�men�s. �f
<br /> there is a deficienc�nf Funds he�d in escraw, as def�ned under RESPA, Lender shall notify BorrQvver as
<br /> NE6RA5KA-5ing��Famity-Fannie MaelFreddie MaG UNIFQRM INSTR�M�NT �vrm 302$1141
<br /> VMP[� VMPStNEJ t13023
<br /> Wvlters Kluwer Financiai 5er�ices Page 5 vf 17
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