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2� 15�78�7
<br /> An� appl�catian of�ayments, insurance proce�ds, or Miscellaneaus Praceeds to pr�nc�pal due under�he Note
<br /> shal�not extend or postpone�he due date, ar change�he amount, of the P�ri�dic Paym�nts.
<br /> 3. Funds for Escrow I�ems. Borrower sha��pay to Lender on th�day Periodic Pa�ments are due und�r the
<br /> No�e, unt�l��.�N��e i�pa�d xn fu��, a sum���he "Funds"}to pr��ide for pa�men��f amaun�s due far: �a}taxe�
<br /> and assessmen�s and o�her i�ems v�rhich can attain priar��y o�rer th�s Secur��y Instrument as a�ien or
<br /> encumbranc�on the Proper��; �b} �easeho�d pa�ments or ground rents on the Proper��, �f any; �c} pr�m�um�
<br /> for any and a�� insurance requ�red by Lender under Sect�on 5; and (d} Mortgage�nsurance premiums, if any,
<br /> ar any sums paya�b�e b�Borrower�o Lender in l�eu of�h�paymen�of Mortgage�nsurance premiums zn
<br /> accordance with the prov�sions of Sec�xon 1 D. These��exn� ar��al�ed "Escravv �t�ms." At or�gina��on�r at
<br /> any�ime during�he�erm of th�L.flan, Lender may requ�re�hat Communi��Associa���n Du�s, Fe�s, and
<br /> Ass�ssments, if ar�.y, he escrowed by B�rrower, and such dues, fees and assessnlent� sha�l be an Escraw
<br /> ��em. Borrower sha��pramp�ly furnxsh ta Lender ai�not��es of amoun�s to be pa�d under th�s Sect�an.
<br /> Barrower sha�l pay Lender�h�Funds f�r Escr�v� I�erns un�ess Lender wa�ves Borrower's ob��gat�on�o pa�
<br /> �he Funds far an�or all�scro�v �tems. L�nder may vwaiv�Borrower's obl�gation to pay�a Lender Funds for
<br /> any or a�� �scraw Items at any time. An�such wai�er may onl�b��n wr�t�ng. In the e�ent of such v�a��rer,
<br /> Borr�wer sha�l pay direct��, wh�n and wher�payab�e, the amounts due for any Escrow ��ems f�r which
<br /> payment of Funds has been waived b�Lender and, if Lender requires y shal� furn�sh�a Lender rece�p�s
<br /> ev�dencing such paymen�within such�ime period a5 Lender may requir�. Borrower's �b�igation�fl ma�e
<br /> such payments and to pr���de rece�p�s sha11 for all purpases be deemed�o�e a cavenant and agr�ement
<br /> conta�ned �n�hxs �ecuri�y �nstrumenfi, as the phrase "�ovenant and agreen�.ent" is used xn Section 9. �f
<br /> Borrower�s obl�gat�d to pay�s�r��r I�ems d�re��ly, pursuant to a wa�ver, and Borrov�rer fails��pa��he
<br /> amaunt due far an Escro�v It�m? I.�nder ma�exercis� ��s r�ghts under Section 9 and pay such amount and
<br /> Borrovver sha���hen be�h�iga�ed under Section 9 to repay�� Lender an�such amount. Lender may revoke
<br /> �he wa�v�r as�� any or a�� �scro�v�r Items a�any time by a no�ice g�ven in acc�rdance wi�h Sec�i�n 15 and,
<br /> up�n such revoca��on, Borr�vver sha��pay ta Lender a�� Funds, and in such amoun�s, that are then r�quired
<br /> u�.der�his Sec�ion 3.
<br /> Lender may, a�any tinn.e, co�lect and h��d Funds in an am�unt (a} suffic�ent�o permi�.Lender to app���he
<br /> Funds at the��me specified under RESPA, and tb}not�o exceed the max�mum amount a Iender can require
<br /> under R�SPA. Lend�r sha11 es��mat�the amoun�af Fund�due�n�he bas�s af curren�da�a and reasflnable
<br /> es�imates af expenditures of futur�Escrov� Items or otherw�se in accordance vvxth Applicab�e La�v.
<br /> The Fun�s sha��be he�d in an inst�tut�on wh�s�dep�s�ts are �nsur�d by a federal agency, ins�rumental���, or
<br /> entity (in�lud�ng Lender, �f Lender is an�nst��u��on whase deposi�s are so insured}or in any Federai Home
<br /> I�an Bank. Lender sha1l apply�h�Funds�o pay the Escrow I�ems n� la�er�han the t�me specified under
<br /> RESPA. L,end�r sha�l not charg�Borrower far ho�ding a�ad app�ying fihe Funds, annual�y ana��z�ng the
<br /> �scro�v accoun�, ar�erify�ng the Escrow Items, unless Lender pa�rs Borrawer xn�erest on the Funds and
<br /> App�rcable Law permits Lender ta make such a charge. Un�ess an agreemen��s made in wri�ing or
<br /> Appli�ab�e La�r requir�s �n�erest�o be paid on the Funds, Lender shali na�be requ�r�d to pay B�rrower any
<br /> int�rest or earn�ngs on�he�unds. B�rr�wer and L�n�.er can agree in wr��ing, howe�rer, �ha�int�res�shal�be
<br /> paid on the�unds. Lender shal� give to Borrower, without charge, an ann.ua� accoun�in�of the Funds as
<br /> required b�r�.ES�'A.
<br /> �f�her��s a sur�lus vf�unds�ieid�n�scrov�, as de�ned under RESPA, Lender sha�l acc�unt��Borrower fflr
<br /> �he ex�ess funds in accardance wi�h RESPA. �f t.�ere is a shor�age�f Funds he�d �n escraw, as defined under
<br /> R�SPA, L�nder sha��notify Borraw�r as required by R.ESPA, and Borr�wer sha1�pay ta Lender the a�naun�
<br /> necessary to make up�he�hor�age in accordance wi�h RESPA, but�n no m�re�han ��.monthly paymen�s. If
<br /> th�re is a def�ci�ncy of�unds he�d xn es�r�w, a� de�ned under R�SPA, Lender sha�� notify Borrovver as
<br /> NEBRASKA-Sir�gle Family-Fannie Mael�reddie Mac L)NIFQRM INSTRUM�NT �arrre 3Q28�l01
<br /> VMP Q VMP�{N�)ti 3�Zf
<br /> Walters Ktuwer Financial Ser�ices Pag��of�7
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