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<br /> Any appl�cation of pa�men�s, insurance proceeds, o�r M�scel�aneaus Proceeds to prin�ipal due under�he Nate
<br /> shall n�t extend or postpone the due date, or�hange the amaun�, of the Periadic Paymer�ts.
<br /> 3. Funds for Escrow Items. Borrower sha��pay to L�nder�n the day Peri�dic Faym�nts are due under�he
<br /> Note, un����he Nate is paid�n fu��, a sum(the "Funds"}to pr�Wide far pa�m�n�nf amoun�s du�for: �a}tax�s
<br /> and ass�ssmen�s and other items�vhich can atta�n priority oWer th�s Security Ins�runaen�as a�ien�r
<br /> encumbrance on th�ProperC�; �b}Ieasehold pa�ments or ground ren�s on�he Proper�y, if any; �c}�rem�um�
<br /> far any and a�l insurance required by I.�nder und�r Sectian 5; and�d}M�r�gage�nsuranc�premiums, if an�r,
<br /> or any sums payable by Borrower ta Lender in Iieu of�he payment af Mar�gage�n�urance prerniums �n
<br /> accordance with the pro��s�ons�f Section 1Q. These items are cai�ed "Escrow�tems." At orig�nation or a�
<br /> an�time dur�ng the term of�he Loan, Lender rnay require tha�C�mmuni�y Assoc�at�on Due�, ��es, �nd
<br /> Assessments, if any, be escra��ved by Borrov�er, and�uch dues, fe�s and assessments sha��be an Escrow
<br /> It�m. Borro�rer shai�pramp���furnish to Lender a��notices of amounts ��be paid under�his Se�tion. �
<br /> Borrower shall pay Lender�he Funds far Escrow �terns unless Lender waiWes Barrower's ob�igatian t�pa�
<br /> the Funds for any or aIl E�crow Items. I�end�r may wa�ve Borrawer's o���gation to pay to Lender Funds far
<br /> any or ai� Escrow ��ems at any time. Any such wai�er rnay only be in�r��ing. �n the e�en�af�uch waiver,
<br /> B�rrower shall pay directly, �hen and�rhere payable, th�amounts due for any Escrow �tems for wh�ch
<br /> payment of Funds has�een wai�ed��L�nd�r and, if Lender requires, shal�furn�sh��I.end�r receipts
<br /> e�iden��ng such payment within such tirne p�riod as Lender ma�require. Barrovwer's obligatian to make
<br /> such payments and�.a pro�id�rece�p�s shall for a11 purpose�be deemed to be a covenant and a�reement
<br /> con�ained in this S�curzty�nstrument, as the phrase "covenant and agreernent" is used�n Sect�on 9. �f
<br /> Borrower�s obl�gated to pay Esc�row Items direc��y,pursuant to a wai�er, and B�rro�er fa�ls t�pay�he
<br /> amoun�due for an Escr�w �texn, Lender may exercise i�s ri�hts under S�c�ion 9 and pa�such amaun�and
<br /> Borrower shall then be ob�igated under Section 9�ti repay�o Lender any such amount. Lender may re�dke
<br /> the wai�er as ta any ar aIi Escr�w�tems a�any�ime by a natice giWen in accardance with Sec#ion �.5 and,
<br /> upnn such re�a�ation, Borrov�er sha�l pay�o Lender a��Funds, and in such amounts, �ha�are�hen requ�r�d
<br /> under this Sectifln 3.
<br /> Lender rnay, at any tzme, colle�t and hold Funds xn an amoun��a}sufficient �a�ermi�Lender��app�y the
<br /> Funds a�th�time specified under RESPA, and�b}not to exc�ed the rn�ax�murn arnount a iender�an require
<br /> under�.�SPA. Lender shall es�ima�e�h�amount af Funds due on the bas�s af current data and r�a��nabie
<br /> estimates of expend�tures af future Escrow�tems or otherwise in accordance vvz�h App��cab�e Law.
<br /> The F'unds shali be heid�n an inst�tu�ion whose depasits a�e insur�d by a f�deral agency, instrumental��y, or
<br /> en�ity ��n��ud ing Lend�r, i f Lend��r�s an institution wh�se deposi�s are so insured�or in any F�deral Home
<br /> Loan�ank. Lender sha11 app�y�he Funds�o pay th�Escr�w Items na ia�er than the time spec��ied und�r
<br /> RESPA. Lender shal�not charge Barrn�ver fo�r holding and applying�he Funds, annualiy analyL�ng the
<br /> escraw acc�unt, ar verifying the Escrov�►� I�ems, unl�ss L�nder pays Borrower�nterest nn�he Funds and
<br /> App�icab�e Lavv permi��L�nder t�xnake su�h a�harge. Unless an agreement is made in wr��ing or
<br /> Appticable La�requires intere�t�o be paid on the Funds, Lender sha11 n�t be requir�d to pay B�rrower any
<br /> in�erest ar earnings an the Funds. Borrav�rer and Lender can agr�e in�r�ting, however, tha�interest shall b�
<br /> paid on the Funds. Lender shall giW�ta Bnrrower, v�ithout charge, an annual account�ng of the Funds as
<br /> required by RESPA.
<br /> �f�here�s a��urplus of Funds he�d in escrow, as defined under RESPA, L,�nder shail account to Barrower for
<br /> �he excess funds in accordance with RESPA. �f th�r�is a shorta�e of Funds heid�n escrow, as defined under
<br /> RE�PA, I,�nd�r shall no�if�Borr�wer as requ�red by RESPA, and Borr���r shall pay to Lender the amount
<br /> necessary�o ma.�e up the shor�age in acGordance w�th RESPA,but in na mor��han ��mon��y�paymen�s. �f
<br /> the�-e�s a de�ci�ncy of Funds h�ld in escraw, a�de�ned und�r RESPA, Lender shall notif�Borraurer as
<br /> N�BRASKA-5ingle Family-Fannie Mael�reddie Mac tJNI�ORM INSTR[JM�NT �orm 30�$'f IQ1
<br /> VMP� VMPfi{N��{13�23
<br /> Waliers ICluwer Financiai Ser�ices Page 5 af 17
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