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2� 15�78�2
<br /> Any application nf payments, �nsuran�e proceeds, or M iscellaneaus Proceeds ta princ�pal due under th� Note
<br /> shall not extend or pos�pone the due da�e, �r change the amount, of the P�riodi�Paymen�s.
<br /> 3. �unds for�scr�►��v I�ems. Borrav�er shall pay to Lender on the day Perzod�c Pa�ments are due under�he
<br /> Note, until the No��is paid �n ful�, a sum��he "Funds"} to pro�ide for payment of amounts�.ue for: �a} taxes
<br /> and ass�ssments and ather items which can a�tain pr�or�ty o�er th�s Se�uri�� Instrument as a��en or
<br /> encumbran�e�n the Property; �b} �easehold paymen�s or ground rents fln the Proper�y, �f any; �c}premiums
<br /> for any and al� insurance required by Lender under Section 5; and �d} Mor�gage Insurance prem�ums, �f any,
<br /> or any sums pa�ab�e b� Borrovver to Lender�n�zeu af�he paym�n�of Mortgag� �nsuranc�premiums �n
<br /> accordan�e w�th the pro�isions�f Sec���n ��. These xtems are called "Escrov��tem�s." A�or�g�nat�an or at
<br /> any�ime during the term of th�Loan, Lender ma� requir��hat�flmmunity Assac�at�an Dues, Fees, and
<br /> Assessments, �f an�, be escrow�d by Borrower, and such dues, fees and assessm�nts sha��be an Es�row
<br /> Item. Barrower sha�� prompt�y furnish t�I.�nder a�l natices�f amoun�s ta�e paid under�h�s Sectinn.
<br /> Borr�vver shall pay Lender the Funds for Escrow ��ems unless L�nder wai�es Borrower's ob�igaYi�n to pa�
<br /> the Funds fflr any or ali Escrav� I�ems. Lend�r may waiv�Borrower's obl�gat�on�o pay to Lender Funds for
<br /> any or a�� �scrov�r �tem.s at any time, Any such waiver may anly be in writ�ng. In�he e�ent of such wa�ver,
<br /> Borrower sha��pay direc�ly, when and where pa�able, the amounts due for an� �scrow Items�far which
<br /> paymen�of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender rece�pts
<br /> e�idenc�ng such paymen�v�rith�n such��me period as Lender may r�qu�re. Borr�wer's obligat�on�o�nake
<br /> such�a�ments and to prflvide rec�ip�s sha�� for alI purp�ses be deem�d�o be a co�enant and agreemen�
<br /> con�ained in�his Secur��y �nstrumen�, as the phrase "c�venan�and agreement" �s used�n Sect�on 9, �f
<br /> Borrower�s a��igated�o pay Escr�w ��em�dir�c�ly, pur�uan��o a�v�ra�ver, and Barrower fa�ls�o pa� the
<br /> amount due for an Escrow �tem, L,ender may e�ercise i�s righ�s under Sec��on 9 and pa�such amount and
<br /> Borrower�ha�I then be obl�gated under Section 9 �o repay to Lend�r an�such amount. Lender ma�r��oke
<br /> �he waiver as �o any or alI Escrovv ��ems at any time b� a no��ce given in acGordance with Sec�ion �5 and,
<br /> upon such r�voca��on, Borrov�er sha�i pay to Lender ali Funds, and in such amoun�s, tha�ar�then re�uired
<br /> under�h�s Sect�on 3.
<br /> Lender ma�, a�any time, collec�and hold Funds �n an amoun� �a} sufficient to permit Len�.er t� apply the
<br /> Funds at�h�time speci�ed under RESPA, and�b} not �o exceed the maximum amount a�enc�er�an requir�
<br /> under RESPA. Lender sha11 estimate the a�nount of Funds due on�he bas�s�f current data and reasonab�e
<br /> e�tima�es af e�pendz�ur�s of fu�ure Escrow ��ems or�therwise in accordance with Applicable Lavv.
<br /> The Funds sha�l be h�ld in an insti�ut�on wh�se d�posits are insured by a f�deral agency, �ns�rumenta�ity, or
<br /> en��ty �inc�uding Lender, if Lender is an insti�u�ion�hflse dep�si�s are so insured}or in any Federa� �3�me
<br /> Loan Sank. L.�nder shal� app�y �he Funds�o pay the Escraw I�ems no la�er�han the�ime specified under
<br /> RESPA. Lender shall not charge Borrower f�r hold�ng and applying�he Funds, annua�iy ana�yzing�he
<br /> escrow account, or verifying�h�Escrflw I�ems, unless Lfender pays Borrower�n�erest on the Funds and
<br /> Applicab�e Law permi�s Lender ta make such a charge, Unless an agreement zs made�n writing or
<br /> Appl�cabie Lavv requ�res �n�erest t�be paid on the Fu�ds, Lend�r shall nat be requ�red to pay Barrower any
<br /> �nteres�ar�arn�ngs on the Funds. Barr�wer and Lender can agree in writing, howe�er, �hat�n�erest shall�e
<br /> paid on the Funds. Lender shal� gi�e�o Borrov�rer, wi���ut cha�rge, an annual accounting of the Funds as
<br /> requ�r�d b� RESPA.
<br /> �f�here is a surplus of Funds he�d in escrow, as def�ned under RESPA, L,�nder sha�l account to Borrower far
<br /> the�xcess funds �n acc�rdance w��h R�SPA, �f�here is a shar�age of Funds he�d in escraw, as de�ned under
<br /> RESPA, Le�der sha�� not�fy B�rrower as requir�d�y R�SPA, and Borrower shall pay to Lend�r the amount
<br /> necessar� to make up�he shar�age�n accordance w��h RESPA, but �n no m�re than �2 m�n�hly paym�nts. If
<br /> ther�is a def�cienc�of Funds held in escrn�r, as defined under R�SPA, Lender�ha�l not�fy Borrav�er as
<br /> N�gRASKA-Sir�gfe Family-Fannie MaelFr�ddie Mac UN�FORM INSTRUMENT �arrn 34�8 110�
<br /> VMP� VMPPaN�y51�3D�f
<br /> Walters Kl�wer Financial Ser�ices 9
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