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2� 15�81 �9
<br /> Any appl�catian of paymen�s, �nsurance pr�ceeds, or Misce�laneous Pr�ceeds to pr�ncipa� due under�he�Iot�
<br /> sha�i no�extend or pos�pone�he due da�e, or change the amaun�, of�h�P�r�od�c Payments.
<br /> 3. Funds for E�crow Item�. Barro�r�r sha��pay�o Lender on the day Per�odic Payments ar�due under�he
<br /> Na�e, un�il the No�e�s paid�n full, a suzn�the "Funds"}to pro�vide for payment of amaunts due for: �a��ax�s
<br /> and assessmen�s and a�her��ems which�an a�ta�n priori�y��er this Security Instrument as a��en or
<br /> encumbrance an�he Propert�; �b} �easehold paymen�s or ground rents on the Proper�y, xf any; �c}premium�
<br /> for an�and a�l �nsurance requ�r�d b� Lender under Sect�on 5; and �d} Mor�gage�nsurance pr�m�ums, if any,
<br /> or a�y sums payab�e by Borrower to Lend�r in��eu of the paym�nt of Mor�gage�nsurance premiums �n
<br /> accardance w�th�he pravis�ons�f Sec�ion 1�. These i�ems are called "Escrow Ztem�." A�or�gina�xan or at
<br /> any��zne durxng�h.e�erm�f the Loan, Lender may requir��hat��mmunity Asso��a�ion Dues, F�e�, and
<br /> Assessments, if any, be escrowed b�Borrawer, and such dues, fees and asses�men�s shal�be an Escr�w
<br /> ��em. B�rrower�ha��promp��y furn�sh�o L.ender ai1 not�ces of am.ounts �o be pa�d under�his Sec�i�n.
<br /> Borr�wer sha��pay L.,�ender the Funds for Es�row ��ems unless L.�nder�vai�es Borrower's obliga�ion�� pay
<br /> t�e Funds for any or all EsGrow ��em�. Lender may waiv�Barrov�er's obligat��n to pa�to Lender Fu�ads for
<br /> an�or a�� Escrov� ��ems at any timr.e. Any such wa�ver n�.a�only be in v�r��in�. �n the e�ent�f such wa��er,
<br /> B�rrov��r shal�pay direGtly, when and vvhere payabl�, the amaun�s due for any �scrow �tenls far w��ch
<br /> payment of Funds has been waived by Lender a�d, if Lender r�quires, shaii furn�sh to I�:nd�r rec�ip�s
<br /> evidencing such paymen�w�th�n su�h t�me period as L�nd�r ma�r require. Borrov�er's ob�iga�ion�a mal�e
<br /> such payments and��pro��de r�cezp�s sha�� fnr ai�purposes be deemed�o be a�ovenant and agre�ment
<br /> canta�ned in this S�cur���r Ins�rument, as the phrase "c��enant and agreement" �s used in S�c��on 9. �f
<br /> Borrower�s obiigated�o pay Es�row I�ems directly, pursuan�t�a v�ai�er, and Borr�v�er fails�o pa�r the
<br /> amaun�due for an�scrov� ��em, Lender may exerc�se i�s r�ghts und�r Se�ti�n 9 and pay such amount and
<br /> Borrawer sha�� then be obl�gat�d under Sectxon 9�o repay�o L�nder any such amount. Lender may re�oke
<br /> the v�raiver as to any or aI� Escro� �tems a�any�im�by a notice given in acc�rdance v�i�h Sec�ion �.5 and,
<br /> upon such rev�ca�inn, Borrower shai�pay to Lender all Funds, and in such amoun�s, �ha�are then required
<br /> under this Section 3.
<br /> L�nder may, at an�t�me, c�llec�and ho�d Funds �n an amoun� �a} suffic�ent to permit Lender to appl�the
<br /> Funds at the�ime specifie�.under RESPA, and �b}nat�o exce��.the max�mum amount a I�nder can require
<br /> under RESPA. I�ender shall estimate the amount of Funds due on the hasis�f�urrent data and reasonab�e
<br /> �stimates of expenditures of fu�ure Escrow �tem��r o�hervvise�n acc�r�.ance wi�h App�xcable Law.
<br /> The Funds sha��be h�ld�n an�nsti�u�ion v�hose depos��s are insur�d�y a federal agen�y, instrumenta��ty, or
<br /> en����r (�nclud�ng Lender, if L�nder is an ins��tut�on wh�se deposit� are so insured}or in an� Fed�ra� �3ome
<br /> Loan Bank. Lender sha11 apply the Funds�a pay the Escraw �t�ms no later than�he time spe��f�ed under
<br /> RE�PA. Lender shal�no�charge Barr��ver for ha�d��g and app�yxng�he Funds, annua�ly analyzing the
<br /> escrovv aCcount, �r ver�f�r�ng�he Es�row �tems, unless Lend�r pays Barrav�er interes��n�he Funds and
<br /> Appl�cab�e Law permi�s L.�nd�r�a nr�ake such a char�e. Unie�s an agre�men�is made�n wr�ting or
<br /> App�ica��e Law requires �n�eres�to�be pa�d�n�he Funds, Lender shall not he required�o pay Borr��ver any
<br /> �nterest or earn�ngs on the Funds. Borr�wer and Lender can agre�in wr�ting, howe�er, �ha� �n�eres�sha�i be
<br /> paid an the Funds. Lender sha��gi�e to Borrnwer, wi��ou�charg�, an annua� accaun�.ing af�he Funds as
<br /> requ�r�d t��r RESPA.
<br /> �f�here is a surp�us�f Funds�.e�d�n�scraw, as d�f�ned under RESPA, Lender shall accoun�to Barro�ver far
<br /> the e��ess funds in ac�ordance w��h RESPA. �f�here is a shor�age of Funds he�d in escraw, as de�ned under
<br /> RESPA, Lender sha11 n�tif� Borrow�r as required b� RESPA, and Borro�v�r shal�pay�o Lend�r th�amaunt
<br /> necessar��o make up the sh�r�age in acc�rdance w�th RESPA, but in na more�han �2 rnonth�y payments. If
<br /> �here is a deficien�y af�unds he�d �n�s�rov�, as de�ned under RESPA, Lfender sha1�notif}�Barrower as
<br /> NEgRASKA-5ir�gle�amily-�annie Ma�IFreddie Mac UN��aRM�N5TRLIM�NT Form 3��8 11�1
<br /> VMP� VMPfi[N�)�1302}
<br /> Walters K€uwer��r�ar��ial Ser�i�es Page 5 of'f 7
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