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��15�4485
<br /> An�applica��on of paym�nts, insuran�e proce�ds, ar M�scelianeous Froceeds �o principal due under�he N�te
<br /> sha��no�extend or postpone the due datea flr cha��ge the a���oun�, of�he Per�odic Paym�n�s.
<br /> 3. Funds for�scrow Items. Borr�wer shai�pay to I.�nd�r on the day Per�o�ic Paym�nts are due under the
<br /> No��, unt�.l the Note�s paid in fu��, a sum��he "Funds"}to provide f�r payment�f amounts due for: �a}taxes
<br /> and assessxnen�s and�fher i�erns vvhich can at�ain pr�ority over th�s Secur��y�ns�rument as a Ii�n or
<br /> �ncurnbrance an the Property; (b}1�as�ho�d pa�men�s�r graund ren�s an the Pr�p�rty, if any; �c}prem�ums
<br /> for any and a�i insurance requ�red by Lender under Sec��on 5; an�(d}Martgage�nsurance premiums, if any,
<br /> or an�surn�.s payab���y Borrower ta Lender�n��eu of the payrnent af Mar�gage�nsuranc�premiums �n
<br /> ac��rdanc��ith�he provisions of Se����n �0. These items are ca��ed "Escrflw Items." At or�g�na�ion or at
<br /> an�time during�he ter�m of�he Loan, Lender may require tha�C�mmun�ty A�saciat�Qn Dues, Fe�s, and
<br /> Assessments, if an.y,be escrawed�y Barrovver, and su�h dues} fees and assessmen�s sha��be an Escrov�r
<br /> �t�n�.. Borrower sha�I pramp�l�furn�sh�a Lender all nat�ces af amounts��he paid under this Sect��n.
<br /> Barrow�r sha��pay I�nd�r thc Funds far Escrow I�ems unless I.end�r v�ai�es Borrovver's�bliga�ion to pay
<br /> �he Funds f�r any or a�� Es�row Item�. Lender ma�waive B�rrower's obliga�ion��pa�r ta �...end�r Funds for
<br /> an�or all Escrow It�n�s at any�ime. Any such wa�.�er n�a�onl��e�n writing. In the even�of such�nraiver,
<br /> Barrovver sha��pa�dxrec�Iy, �vhen and where pa�rable, the arnoun�s due far an�Escrovv�tems far which
<br /> payment�f Funds has�een v�a�ved by Lender and, if L�nder requires s sha��furn��h t�L.�nd�r receipts
<br /> e��den�ing such payrnent within such t�me periad as Lender ma�require. Barrawer's obliga�ion to make
<br /> such paym�n�s and�a pr�v�de recexpts sha�1 f�r all purpases be deerned to be a co��nant and agreement
<br /> conta�ned�n th�s Secur�ty�nstrument, as �he phrase "�ovenant and agreemen�" ��used in Se�tion 9. �f
<br /> B�rrower is obliga�ed to pay Escrow �tems direc�ly, pursuan�to a vvaiver, and Barr�vver faz�s t�pay the
<br /> amount due for an E�crov� It�m, Ifender may e��rc�se�ts rights under Se�tion�and pay such a�mount and
<br /> Borrower sha��then be ob�igated under Sect�on 9��repay�a Lender an�r such amoun�. I.ender may re�oke
<br /> the waiver as ta any nr aXl Escrow��ems at any t�me b�a natice gi�en in accardance w�th Section I S and,
<br /> upon such re�rocat�on, Borrower sha11 pay ta Lender a�I Funds, and�n such amounts, �hat are then requ�red
<br /> under�h�s Sec�ion 3.
<br /> L�nder ma�, at any t�m.e, coll�c�and h��d Funds�n an amount �a�suf�cient tv p�rmi� I..�nder ta apply�he
<br /> Funds a�the t�me sp�c���d und�r RESFA, and�b}no��a ex�eed the maxixnum amoun�a�ender can requ�re
<br /> under RESPA. Lend�r shal�est�mate�he amaun�of Funds due an the basis af current data and reasona��e
<br /> es��n�a�es �f ex�end�tures of fu�ure Es�raw Items or o�herwise�n accordance�v��h Appli�ab�e Law.
<br /> The Funds sha��b�held in an ins�i�utian whase dep�s��s are insured by a federal agency, ins�rumenta.�ity, or
<br /> enti�y ��n��ud�ng L�nder, if Lender�s an in��itution vvhase deposits are so insur�d}or xn any Federa.�.Home
<br /> Loan Bank, Lend�r shal�app�y the Funds to pay the EsGr�w Items no�ater�han the t�rne specified under
<br /> R.ESPA, Lender shall not charge Borrower for ho�di��dnd appl�ing the Funds, annual�y ana�yzing the
<br /> escrow acc�unt, or v�rrfying the Escrovv �tems, unless Lender pays Borrower interest�n the Funds and
<br /> App�i�able Law pernllts I.�nder��ma1�e such a charge. Uniess an agreement is rnade in wri�ing or
<br /> Applicat�le Law requires�n�eres�to be pa�d on the Funds, I�:nd�r sha��not be requ�r�d to�ay Borrower any
<br /> �nteres�ar earnings�n the Funds. Barr�wer and Lender can agree in writing,ho�vever, �hat interest�hall be
<br /> paid an�he Funds. Lender shal�give to Barrawer, wz�hout charge, an ar�nual acc�un��ng of�he Funds as
<br /> required by RESPA.
<br /> If�here is a surplus a�Funds held �n e�crow, as de�ned under R.ESPA, L.ender sha��account�o Barrawer for
<br /> �he ex�ess funds�n a�cardance wi�h RESPA. �f ther��s a shor�ag�of Funds h��d in escrow, as def�n�d under
<br /> R�SPA, L.�nder sha��notify Barrow�r as required by RESPA, and Borrower shai�pay t�Lend�r�h�am�un�
<br /> necessary�o ma.ke up the shar�age�n accardanGe with RESPA, bu�in no�nore�han 1�m�nthiy payrnen�s, �f
<br /> �here�s a deficiency of Funds held in escrovv, as defined under RESPA, Lender sha�� notify Barro�ver as
<br /> NEBRASKA-5ingle�amily-Fannie MaelFreddie Ma�UNI�ORM fNSTRUMENT Form 3D28 7107
<br /> VMP C�g VMPB[NEj(#�q2f
<br /> Vllalters Kluwer�tr�anC€al SCrViGeS Page 6 of i 7
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