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� 2� 15�8�99
<br /> Any appli�ation of paymen�s, insuran�e pro�eeds, ar M�sce��aneous Praceeds to principal due under�he No�e
<br /> sha��not e��end ar postpone�he due da�e, or change the am�un�, of the P�riodic Pa�ments.
<br /> 3, Funds for�scraw Items. Borrower shal�pay to Lender an the day Period�c Paymen�s are due und�r the
<br /> Note, un�i�the Nflte �s paid in fu�l, a sum��he "Func�s"}�o pro�ide for paym�n�of amounts due for: �a}�axes
<br /> and assessmen�s an.d�ther iterns which can atta�n pr�or��y o�er�his Securi�y Instrumen�as a�ien or
<br /> encumbran�e on�he Prop�rt�; tb} leaseho�d payments or�round rents on�h�Property, �f any; tc}prem�ums
<br /> for any and a�� �nsurance requir��.by Lender un�.�r Sec��on 5; and�d} Mor�gage Insurance prem�.ums, if any,
<br /> ar any sums payab�e�y Borr�wer�� Lender�n��eu af the payment�f Mortgage Insurance premiums �n
<br /> acc�rdance with the provisians�f Sec���n ��. These ��ems are cal�ed "Escraw Items.'t A�arxg�nat�on or at
<br /> any�ime dur�ng�he��rm of the Laa�., Lender ma�r require��at�ommun��y Associa�i�n Dues, Fees, an�i
<br /> Ass�ssmen�s, �f an�, be escrowed by Borrower, and such dues, fees and assessments shall �e an Escrow
<br /> ��em. B�rrawer shali�romp��y furn�sh�o Lender a�l nfltices of amounts�o be pa�d under�his Section.
<br /> Borrower shall pa�L.�nder�he Funds for Escr�w I�ems unl�ss Lender waives B�rrov5rer's obl�ga�ion�a pay
<br /> �he Funds for ar�y�r a�l Escrow Items, I�:nder may wa�ve Borraw�r'�obl�ga�ion�o pa��o Lender Funds for
<br /> an�or a�� Escrav�r �tems a�any time. Any su�h wa�ver may oniy be�n v�rit�ng. �n the e�ent af su�h�vai��r,
<br /> B�rrower sha�l pay direc�ly, when and where payable, �he amoun�s due for any Escrow Item� for whi�h
<br /> paymen�nf Funds has been waived b�r Lender and, if Lender requ�res, sha.�.� furnish�o Lender receipts
<br /> e�id�n��ng such payment vvithzn such time period as Lender may r�qu�re. Bflrro�er's obl�ga�ion t�make
<br /> such payments and to prov�de receipfs sha�i for all purpas�s b�deemed�a b�a�o��nan�and agreement
<br /> �on�ained in th�s Secur���r��s�rumen�, as the phras� "cav�nant and agre�men�" is used in S�ct�on 9. �f
<br /> Borr�wer�s obl�gated to pa�Escraw ��ems d�rectly, pursuan��o a wai�rer, and Borr�wer fails to pay�he
<br /> amaun�due for an Es�raw ��em, Lender may�xerc�se i�s rights under Sec�ion 9 and pay such amount ar�d
<br /> Borrower sha�l then be ob�igated under Sect�on 9 t� repay to Lender any such amount. Lender ma�r revoke
<br /> �he vvai�er as�a any�r all Escrow I�ems at any��me�y a not�ce given�n accordance wi�h Sec�ion 1 S and,
<br /> upan such revaca�ian, Borrow�r sha��pay�o Lender a�l Funds, and in such arnoun�s, that are then requir�d
<br /> under this Secti�n 3.
<br /> Lend�r may, at an�r t�m�, collect and h��d Fund� �n an amount �a� suff�cient to permit Lender�o apply th�
<br /> Funds at�he time sp�cif��d under RESPA, and�b} no�to�xceed the maximum�amount a�ender can require
<br /> under RESPA. Lender sha�l est�ma�e the am�un�of Funds due on the bas�s of curren�da�a and reasonab�e
<br /> �s�ima�es of expendi�ur�s of fu�ure Escrov�r ���ms or o�herwise zn a�cordance wi�h Appl�cab�e Law.
<br /> The Funds shali be heid in an�nst��ut�on whase depos��s are�nsured by a f�derai agency, �ns�rumen�ali�y, or
<br /> ent�ty ��nc�uding �nder, �f Lender is an ins��tution whose dep�s�ts are so �nsured}tir�n any Federai Home
<br /> L�an Bank, Lender sha��app�y the Funds t�pay the Escrow I�ems no later�han the�ime spec�fied under
<br /> R�SPA. Lender sha��no�charge Borr�wer far ha�dir�g and app�ying fhe Fun�.s, annually anaxyzing the
<br /> �S�rov� aCC�unt, or verifying the Escrov� �tems, un�ess Len�er pays Borrav�rer�nteresf an�he Funds and
<br /> App�icab�e La�r�ermits Lender to xnake such a charge. Un�ess an agre�men�xs made in writing or
<br /> Appl�cab�e Law requires �nterest to be paid an the Funds, Lender sha�I not be re�u�red�o pay Barrower any
<br /> interest or�arnings vn the Funds. Borrav�er and Lender�an agree�n wri�ing, however, �hat interes�sha��be
<br /> paid an the Funds. Lender sha�� giv��o Borrovver, without charge, an annual accounting�f�he Fund� as
<br /> required�y RESPA.
<br /> �f there is a surp�us af Funds he�d�n escr�w, as def�n�d under R�SPA, Lender shall accoun��� Borro�v�r for
<br /> the ex�ess funds in aecordance with RESPA. �f�here is a shar�ag�of�unds he�d in escrow, as de�ned under
<br /> RESPA, Lender shail no�ify Borrower as requ�red b�RESPA, and Borrawer sha�l pa�r ta Lender�he amoun�
<br /> ne�essary��make up�he shor�age�n accordance with RESPA, bu�in no more�han �.Z month�y paymen�s. �f
<br /> �here�s a defic�ency�f Funds held in escrow, as def�ned under RESPA, L�nder shall not�fy Borr�wer as
<br /> NEBRASKA-5�ngle Famiiy-Fannie MaelFreddie Mac UNlF�RM INSTRUM�NT �qrm 3428�1�'i
<br /> VMP� VMP6{NEf{�(3D2)
<br /> Wofters Kluwer Financial Ser�iGEs Page 5 vf 17
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