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��15�5111
<br /> Any applicat�on of paym�nts, �nsurance prac��ds, or Misceilaneaus Proce�ds to pr�n��pa�due under the Nate
<br /> sha��not extend or pos�pone�he due date, or change�he amoun�, af the Periodic Payments.
<br /> 3. Funds for Escrow I�ems. Borrawer shal�pay�a L.ender on the day Pe�r�odic Payments are due under t�.�
<br /> No�e, unti�the Note is paid in fu.�i, a sum�the "Funt�s"�to pravi�.�for pa�mcnt of am�unts due far: �a}taxes
<br /> and assessrnent�and o�her iterns which can atta�n priority o�er this S�cur����nstrument as a 1��n or
<br /> encuxnbrance on�he Proper�y; (�} leasehold payrnen�s ar�round r�n�s on�he Praper�y, if any; �c}premzums
<br /> for any and ail insurance r�quired by Lende�r under 5ection S; and�d}Mor�gage Insurance premiums, if any,
<br /> or any sun�s pa�ab�e by Borravv�r to L�nder in l�eu of the payrnent of Mor��ag�In�urance premiums in
<br /> accardance wxth the pravisi�ns of Sect�an ��. Thes��tems are called "Escrovv�tems." At orig�nat�on�r a�
<br /> any�ime duri�ag the term of th�I.,oan, Lender may require�hat Community Ass��iation Dues, Fees, and
<br /> Assessments, �f an�r, �e escrawed by Borr��rers a.�d such dues, fees and assessm�nts shal�be an Escr�w
<br /> �tem, �3�rrower shall pro�Y�ptly furnish ta Lender all notzce�of arnaun�s ta be pa�d under this Sec��on.
<br /> Barr�w�r sha��pay L.ender th�Funds for�scrow�tern.s un��ss Lender waives Borrower's ob�iga�ion��pay
<br /> th�Funds for an�or all �scz-�w �tems. Lender ma��vaive Borrawer's ob�igat�on�a pa�ta Lend�r Funds f�r
<br /> any or a�� Es�ro�v��ems a�any t�me. Any such wai�rer may anly be in wri�ing. �n�he event af such wa�ver,
<br /> Barrawer s�a�l pa�dxr��tly, when and where payab�e, the amoun�s due for an�r Es�rov�r �tems far wh��h
<br /> payment of Funds has be�n wai�ed by Lender and, if Lender requir�s, sha��furnish to Lender re�ei��s
<br /> e�idencing �uch paymen�with�n such time per��d as Lender may require. Borrower's��l�ga��on to mak�
<br /> such paymen�s and t�provid�rece�pts sha��for a��purp�ses be deemed ta be a covenant and agreemen�
<br /> con�ained in this Securi�y Instrument, as�he phrase "c�v�nant and agreemen�" is used in Section 9. If
<br /> Borrower is obl�ga�ed�o pay Escrow Items d�rect�y, pursuan�to a waiver, and Borrower fai�s�o pay�he
<br /> amount due fnr an Escraw Item, Lender may exercise�ts rights und�r Sec�ion 9 and pay�uch amoun�and
<br /> Barrower sha�I�hen be obi�gat�d under Section 9 to r�pay to Lender any such amount. I.�nder may re�o�e
<br /> th�wai�er as to any or a�� Escrovv It�rns at any time by a nfl�ice given�n accordan�e wi�h.Sec�i�n 15 and,
<br /> upon such revocation, Barr�wer shall pay��Len�.er ai� Funds, a.nd in such amoun�s, �hat are th�n r�qu�red
<br /> under this Secti�n 3.
<br /> Lend�r may, at an��ime, co�lect and�.old Funds in an amflun�(a� suff�cient t�permit Lender�o apply�h�
<br /> Funds at the�ime specified under RESPA, and�b�not�o exceed the rnax�mum amoun�a Iender can require
<br /> under RESPA, Lender shall estimate the amaun�of Funds du��n the basis�f current da�a and reasonable
<br /> es��m.a�es of expend�tures of future�scraw �tems❑r otherv�ise in accordan�e w�th Applicab��Law.
<br /> The Funds shall be held in a�a�nstitutio�whase dep�s�ts are insured by a federa� agency, ins�rumenta�ity, or
<br /> enti�y�inc�uding Lend�r, if I.�nder�s an ins�i�ution whose deposi�s are so�nsured}or in any F�d�ral�flme �
<br /> Loan Bank. Lender shall apply the Funds �a pay th�Escr�vv�t�ms no Xa�er than the t�me speci�ed under
<br /> �.��PA. �,�nder sha�l not�h�r���arr�u��r f�r h�?lc���a��n.c� ���ly�n�th�F��nc��, �nn���Ily ana�y�ing�he
<br /> escrovv a�coun�, or�erif��ng the E�crow Z�ems, unless Lender pays B�rr��ver�n�ere�t an�.he Funds and
<br /> Applicable Law permits Lender to mal�e such a charge. LTn�ess an agr�;men��s rnade�n wri�ing or
<br /> App��cable Law requ�res in�erest�o be paid on�he Funds, L.�nder sha��no�he requir�d ta pay B�rrower any
<br /> in�erest ar earn�ngs on the Funds. Barrower and L,ender�an agree�n wr�ting, hawe�er, �hat in�erest shal��be
<br /> paid on the Funds. Lendez�shali gi�e to Borrovver, wi�haut charg�, an annua�acc�un�ing of the Funds a�
<br /> required b�R�SPA.
<br /> �f ther�e is a surplus of Funds h��d�n escr�w, a�de�ined under RESPA, Lender shall ac�aun�to Borrower for
<br /> the ex�es� funds in ac��rdance with RESPA. If there��a shor�age of Funds he�d�n escrow, as d��ned under
<br /> RESPA, Lender sha��na�ify Barrow�r as required by RESPA, an�Borr�wer sha��pay to L.�nder the amflun�
<br /> necessary��make up tihe shar�ag�in a�Gordance with RESPA, bu�in no mor��han �2 month�y payxnents. �f
<br /> there is a d�f�ciency of Fun.ds held in escrow, as defined under RESPA, Lender sha��natify Barr�w�r as
<br /> NEgRASKA-Sinyle F�mily-Fannie MaelFreddte Mac UNlF�RM INSTRUMENT Form 3ti28 110'!
<br /> VMP[R]
<br /> IIMPfi{hl�y�13��y
<br /> Wo3ter$Kl�xwer Financial Ser�ices Page 5 of�7
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