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��15�4931
<br /> Any app��cat�an of payments, insurance proceeds, or Miscellaneous Proceeds�o pr€nGipal due under�he�ot�
<br /> sha�l not extend or postpon�the due da��, or�hange t�e amount, of the Periodic Pa�men�s.
<br /> 3. Funds fnr Escrow items. Borrower�ha�l pay�o L,ender on the day Period�c Payments are due und�r�he
<br /> N��e, un��l�he Nate is paid in full, a sum�the "Funds"}to pro�ide for payment of amoun�s due for: �a}�a�es
<br /> and assessments and nth�r�tem�which can attain pr�or��y oWer this Security Ins�rument�s a li�n or
<br /> �ncumbrance on the Pr�per�y; �b}leasehald payments or ground rents on�he Proper�y, if any; �c}premiums
<br /> for any and al� xnsu�ran�e required by I�nder under Se�ti�n S; and �d} Mar�gage InsuranC�premiurns, if any,
<br /> or any sums payable by Borrower to Lender in Iieu af the payment of Martgag��nsurance premzum� in
<br /> accordance w�th�h�pr�visions of Sect�on 1�. Th�s�items are�alled "Escrav�►r�t�ms." At originat�on ar at
<br /> any tirne during the t�rm af tihe L.�an, Lender rnay r�qu�re that�flmmunity Associa���n Dues, Fees, and
<br /> Ass�ssments, �f any, be e��r�v�ed by B�rrav�er, and su�h dues, fees and assessments sha1�be an Es�row
<br /> Item. Borr�wer shall promptl�furn�sh to Lender a��na�ices of arnoun�� �a be paid under this Sectian.
<br /> Borrower sha11 pa� Lender�he Funds for Escrow Yterns un�ess Lender wai�es Borrovver's obligation to pay
<br /> the Funds far any�r al� Es�rov�Itcros. Lender ma� waive Borrowe�'s�bligation to pay ta Lender Funds for
<br /> any ar a11 E�crQw Items a�any time, Any such�ai�rer�may only b��n wri�ing. �n�he event of such waiver,
<br /> Borr��ver shall pa�direct�y, vvhen and where pa�able, the amoun�s due for any Es�r��v ��ems for v�hxch
<br /> payment af Funds has be�n waived�y I.,�nder and, if Lender requires, sha��furnish to Lender rece�p�s
<br /> evid�nc�n�su�h paymen�within such�ime periad as Lender may require. B�r�rower's abl�ga�ion to make
<br /> such paym�nts and to prov�de receipts sha��for all purpos�s be deem�d to be a�o��nant and agreem�nt
<br /> cantained in�his Se�ur��y�nstrumen�, as�he phrase "cn�enan�and agreemen�" is used in S�c�ion 9. �f
<br /> Bor�r�wer is ab�igated to pa�Escrow Items directly, pursuant to a vcra�uer, and BQrrou�er fai�s ta pay�h�
<br /> an�.oun�due for an Escr�w I�em, L.�nder ma�exerc�se i�s r�gh�s unde�r Sec�ion� and pay suGh amoun�and
<br /> Borrower shali then be obl�ga�ed und�r Section 9 to repay to Lender an�such amount. Lender may revoke
<br /> the wai�er as�o any or a�� Es�row�tems a�any time by a not�ce g��en in accardance�ith S�ction �.5 and,
<br /> upon su�h rev�cat�on, Bo�rower shall pay to L�nder a��Funds, and in such am�unts, that are then requir�d
<br /> under this Sec�ion 3.
<br /> Lender may, at any time, co��ec�and hold Funds in an amount ta} suffici�nt to pern�it I.ender to appl�r the
<br /> Funds at the t�me sp�c�f�ed und�r RE�PA, and�b} not to e��eed the maximum amount a lender�an requ�re
<br /> under R.ESFA. Lend�r shall estima�e�h�am�unt�f Funds due on the basis of current data and reas�nable
<br /> �s�ima�es of�xpend�ture��f future EscrovW��ems ar otherwise in accardance vvith Applicable Lav�.
<br /> The Funds �1�a1�be�ae�d in an institution whose depos��s are insured b� a federa�agency, �ns�rumen�aiit�, or
<br /> entzty��nc�uding Lender, i�L.�nder is an�nst�tution v�rhase dep�sits are so insure�}ar in any Federal Home
<br /> Laan Ba���. Lender sha��appl� �he Fund�to pay th�Escrow I�ems no later than�h�t�me spe�ified under
<br /> RESPA, L�nder sha�l not charge Borrawer for hold�ng and applying the Funds, annual�y ana�yzing the
<br /> escrov�r accoun�, or�erifying the Es�row Items, unless Lender pays B�rrawer interes�on the Funds and
<br /> Applicable Law perm��s Lender t�make such a charge. Unless an agreement is xnad�in wri�ing ar
<br /> Appiicable Lavv requi�-es interest�❑b�paid on the Fund�, Lender shall not be required to pay Bnrrower any
<br /> in�er�st or earn�ngs on�he Funds. Borrower and Lender can agree�n w�rzting, hawever, tha�interest shal�be
<br /> paid on�he Fund�. Lender shall g��e t�Borrower, vcr�thou�charg�, an annua� accounting o��h�Funds as
<br /> required by RESFA.
<br /> If there�s a surp�us of Funds heid in escrow, as def�ned under RESPA, Lender shall accoun�to Borr�wer for
<br /> the�xcess funds in accordance with RESPA, �f�here is a shor�age of Funds held in es�raw, as defin�d under
<br /> RESPA, L�nder shall notxfy Borrower as required b�RESPA, and Borrower shall pay to Lend�r the amount
<br /> ne�essary ta make up the shortage in a�cordanc�with RESPA, but�n no more�han 12 mon�h�y pay�n�nts. If
<br /> the�e�s a def�ciency of Funds held in escrow, as de��ned under RESPA, L�nder shall notif�Borrower as
<br /> NEBRASKA-Sing�e�amily-�annie Mael�reddie Mac UNf�aRM tNSTRUMENT �arm 3�2$'�I�1
<br /> VMP� VMPfi[iVE���342)
<br /> W�Iters Kl�wer Financial Ser�ices Pag�5 of 17
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