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��15�5454
<br /> Any appli�atian af paymen�s, insurance pro�e�ds, or�Misce��ane�us Proceeds�o princi�al due under the Nate
<br /> shall nfl�extend or postpane�he du�date, ar�hange t�e amount, of the Periadic Pa�m�nts.
<br /> 3. Funds for Escrow Items. Borrovv�r shal�pay to L�nder on the day Periodxc Paymenfis are due under the
<br /> Nate, unt�l the Note�s paid in full, a sum�the "Fund�"} to pro�ide for pa�men�c�f amoun�s due fc�r: �a}taxe�
<br /> and assessments and other items�hich ca�at�a�n priority o�er this S�curity�ns�rument as a Iien or
<br /> encumbrance an the Propert�; {b} leas�hQld payments❑r ground rents on the P�operty, if any; (c}prem�ums
<br /> for any and ai� insuran�e requ�red by Lender unde�r Se�tion 5; and �d}Mor�gage�nsu�rance premiums, if any,
<br /> or any sums payable by Bar�rower�o Lender in lieu af the p��m�nt of Mor�gage�nsurance prem�urns in
<br /> accordance with the pro�isions of S�cti�n i�. These it�ms are ca��ed "E�craw Items." A�vr�g�nat��n or a�
<br /> any t�me dur�n�th���rm of the Loan, Lender may require that Co�r�.munit�Asso��a�ian Du�s, F�es, and
<br /> Assessm�nts, if any, be�scrowed by Borrower, and such du�sy fees and assessmen�s shal�be an Escrow
<br /> �tem. Borrow�r shali promp�ly furn�sh ta Lender a11 noti�es af amoun�s to be pa�d under�h�s Sec�ion.
<br /> Borrower sha��pay Lend�r the Funds for Escr�v�r Iterr�s unless I.cnder wai�es Borrnwer's obliga�ion ta pa�
<br /> �he Funds for any or al�Escraw Items. I.end�r may wai�e Borrower's obliga�i�n�a pay t� Lender Funds for
<br /> any or all �scraw��ems at any time. An�such wai��r may�nly be in wr�t�ng. �n the e�ren�af such v�ra��er,
<br /> Borrower sha��pay d�recti�r, v�rhen ar�d where payable, �he axnoun�s due far any Escrow�tems far vvhich
<br /> paymen�of Funds has be�n vvaived by L�nder and, if Lender requires, shaXl furnish to Lend�r receipts
<br /> ev�dencing�uch payment with�n such tim�period as Lender may require. Borrovver's ob�igation to make
<br /> such payment�and to provide rece�pts shali f�r all purp�ses�e deemed to be a co�enant and agreem�nt
<br /> canta�ned in this Securit�r Instrurnent, as�he phrase "�o�renan�and agreement" is used in S�ction 9. If
<br /> Bflrrovver is ob�igated�o pay E�crow Items direc�ly, pursuan�ta a waiver, and Barrower faiis tfl pay�he
<br /> amount�.ue f�r an Escraw Item, Lender ma��xerc�se ��s rights under 5ect�on 9 and pay suGh amount and
<br /> Borrawer shall then�e ob��gated under S�ction 9 ta repay�a Lender any such amaun�. Lender may rev�ke
<br /> �he waiver as�o any or ai��scravv�tems at any�ime b�a notice giv�n in a�cordance with�ec�ion �5 and,
<br /> upon su�h revflcatifln, Borrov��r sha11 pay�a Lender all Fund�, and in such amounts, that are then required
<br /> under this Sec�ion 3.
<br /> L�nder may, at any tinae, coZlect and hold Funds �n an am�unt(a}sufficient�a p�rmi�Lender to app��r the
<br /> Funds at�he time specified under R�SPA, and�b}not to exceed�he maximum amount a lender can require
<br /> under RESPA. Lender sha�� est�mate the amaunt�f Funds due on�he basis af current data and reasonabl�
<br /> es�imates�f expenditures of future Escraw I�ems a�r�therwise�n accordance w�th Applicat�le Law.
<br /> The Funds sha�l b�held in an institutian whase deposits are�nsured by a federal a�ency, ins�rumen�ai�ty, or
<br /> ent��y�inc�uding Lender, if I,�nder is an inst��.u��an whose deposi�s are sa insured�or in any Fed�ral�ome
<br /> L�an Ban�. Lender shal�ap�ly th�Funds to pay the Escrow�tems�ao later than the�ime specified under
<br /> RE�PA. Lender sha�l not�harge Borr�wer far holding a��d app�yi�g t�e Funds, a�lnua�ly analyzing the
<br /> escrow accoun�, or�er�fyin�the Es�row �terns,unl�ss Lender pays Barrawer inferes�an�he Funds and
<br /> Appl��a�le La�v Permi�s L�nder to make su�h a charge. Clnless an a�reement is made in writi��g nr
<br /> �.ppX�cable Law�requires in��rest to be paid an ihe Funds, Lender shall not be r�quired to pay�orr�wer any
<br /> �ntere�t or earn�ngs on the Fund�. Borrower and Lender can agr�e in wri��ng, however, that interes�shali be
<br /> pa�d on the Funds. Lender s�aal�gi�e�Q Borrow�r, wi�hout charge, an annual a�counting af�he Funds as
<br /> required by RESPA.
<br /> �f there is a surp�us of Funds held in�scrow, as�e�ned under RESPA, Lender sha�1 a��flunt�o Borr�wer for
<br /> the e�cess funds in accordance wzth�E�PA. If�here xs a shor�age of Funds held in escro�, a�def�ned under
<br /> RESPA, Lender�ha11 notify Barrower as required by RESPA, and Borrovver sha11 pay to I.ender the amaunt
<br /> , n�cessary to mak�up the shor�a�e�n accardance vcrith RESPA, but xn na more than 12 rnonthly paymen�s. If
<br /> �laere is a def�c�e��cy of Funds held in escrov�, as def�ned under RESPA, Lender shall notify Borrower as
<br /> N�BRASKA-Single Farnily-Far�nie MaelFreddie Mac UNI�ORM INSTRUM�NT Forr�-3 3��8�1�1
<br /> VMP Q VM�6�NEy��3�2�
<br /> Walters Kfuwer�inancial 5ervices Page 5 Q#'f 7
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