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2� 15�82�4
<br /> Any appli�ation of pa�men�s, insuran�e proceeds, or Mis�ellaneous Procee�s�a principal due under the Note
<br /> shall nat extend or p�s�pone the due da�e, �r change th�amount, of the Peri�dic Pay�ments,
<br /> 3. Funds for�5craw ItemS. Barrow�r sha�1 pay to Lender an�he day Periodic Pay�nents are due under the
<br /> No�e, until the Not��s paid in full, a sum�the "Funds"} to pro�ride f�r payment�f amoun�s due for: �a} taxes
<br /> and assessments and other items wh�ch�an a�tain priority o�rer�his Secur��y�nstrument as a��en or
<br /> en�umbrance�n th�Prop�r��; �b) �easeha�d payments or ground rents on the Property, if any; (c3 prem�ums
<br /> for any and ai� insuran�e requ�red�� L.�nder under Sec��on 5; and �d} Mor�gage�nsurar��e premiums, if any,
<br /> ar an.y sum.s payable by Borrovver�o L�nder in�ieu of the payment of Mor�gage�nsurance premiums �n
<br /> accordan�e with�he pro�risi�ns�f Section 1�. These�tems are�ailed "Escr�v�r I�ems." At orig�nation ar at
<br /> any time during th��erm of�he L.oan, Lender may require that Commun�t�Ass�Giation Dues, Fees, and
<br /> Ass�ssmen�s, if an�, be es�r�w�d by Barrower, and such dues, fees and assessm�nts sha��be an Es�row
<br /> �t�m. Borrower shall promp��y furnish�o Lender a11 not�ce� of am�un�s��be paid under�his Sect�on.
<br /> Bnrrower shall pay Len�er the Funds for Escro� �tems un�ess Lender waives B�rrower's a���gat�on�o pay
<br /> �he Funds for any ar al.l Escrovv �tems. Lender rnay wa�ve B�rrow�r's ob�igat�on t�pay ta Lender Funds for
<br /> any or a�� Escrow �tems a�any time. Any such wai��r ma�only be in vvrit�ng. �n the event of such wai�er,
<br /> B�rr�vver sha��pay direc�l�, when and v�here payable, �he amounts due for any Escrow �tems for vvhich
<br /> payment of Funds has�een vvai�ed by Lender and, �f Lender requ�r�s, shal� furnish ta Lender receipts
<br /> e�idencin�su�h payment v�ri�h�n such t�me period as Lender may requ�re. Barrov�rer's abliga�ion�o make
<br /> such paymr.�n�s and to prov�de receip�s shai� f�r all purposes b�deemed�o be a coW�nant and agreement
<br /> contained in th�s Secur�t� �ns�rumen�, as the phrase "�ovenan�and agreemen�" is used in S��tion 9. �f
<br /> Borrawer is ob�igated to pa� Escr�w Items direc��y, pursuan��o a uraiver, and Borr�we�r fai�s to pa�the
<br /> a�n.ount due far an Escrow �tem, Lender ma�exerc�s� its rig�ts under Sec��on 9 and pay such am.ount and
<br /> Borrov�er sha11 then be obiigated und�r Sect��n 9 �o repay t� Lend�r an� suc��am�unt. Lender may revoke
<br /> th�wa��er as to any�r a�i Escrow ��ems a� any tim�b� a n��ice gi�en in accordance w�th Sect�on 15 and,
<br /> upon such revocat�on, Borrov�rer sha��pay�o Lender a�� Funds, and �n such am�unts, tha�are�hen requ�red
<br /> und�r�his Se��ion 3.
<br /> Lender may, a�any�ime, coll�ct and ho�d Funds in an amount �a} suffici�n��o per�m�� Lender t� apply�he
<br /> Funds at the time specif�ed und�r RESPA, and ��}n�t to ex�eed�he maximum amaun�a�ender can require
<br /> under RESPA. Lender sha�� es�ima�e the amoun��f Funds due on the basis of current data and reasonahi�
<br /> es�ima�es �f e�pendi�ures of futur�Escr�w Items or otherwis��n accardance with Appiicable Law.
<br /> The Funds shall be h�id in an institu�ion whose deposits are�nsured by a federal agency, �ns�rumentality, or
<br /> en�i�� �inciuding Lender, if L�nder�s an inst�tut�on v�hose depasi�s are so insured}or in an� Federa� Home
<br /> L�an Bank. Le�der sha�� app1�the Funds ta pa�the Escr�w �tems na la�er�han�he time sp�c��ed under
<br /> R.ESPA. L�nder sha�i not charg�Borrow�r for hold�ng and app�}�ing the Funds, annua�l�analyzing�he
<br /> escraw accaunt, �r verifying�he Escrow ��ems, uniess Lender pa�s Borrower in�er�st on�he Funds and
<br /> Appli�able Lav�pern�i.�s Lender�a make such a charge. Unl�ss an agreement i�made in writ�ng or
<br /> Appiicabie Law requires �n�eres��o be paid on�he Funds, L�::nd�r sha��no�be required�o pay B�rrovver any
<br /> in�eres�or�arn�ngs an�he Funds. Borrav�rer and L�nder can agree�n wri�ing, however, �hat interest�hall be
<br /> paid on�he Funds. Lender sha���ive to Borrower, wi�haut charge, an annuai a�count�ng of�he Funds a�
<br /> required by RESP,A.
<br /> �f�here is a surp�us of Funds he�d in escrow, as de�ned under RESPA, L�nd�r shall ac��un�t�Borrov�rer for
<br /> �he excess funds in accordance vvith R�SPA. �f�here is a shortage of Funds heid in escr�v�r, a�defined under
<br /> RESPA, Lend�r sha�� na��fy Borrower as required�by RESPA, and B�rrower shall pay to �..�nder�he am.ount
<br /> n�cessary �o make up the sh�r�age in accordanc�wi�h RESPA, bu� in no more�han I Z mon�hl�paynzents. If
<br /> ther� �s a defic�ency af Funds he�d�n�scro�, as defi�ed under RESPA, Lender sha��no�if�Borrower as
<br /> N�BRASKA-Single�arr�ily-�annie Mael�redriie Mac UNIFflRM INSTE�UMENT Form 3028 11��
<br /> VMP[�,' VMP6�N�1 t1�425
<br /> 1lVolters Kluwer Financia!Ser�ices Page 5 of 7 7
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