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2� 15�8598
<br /> Any appli�a�ion of pa�ments, insura��ce pr�c��d�, or M�scell�neous Prac�eds �o pr�ncipal du�under�he�ote
<br /> shali nat extend or pastpone the due date, ar�hange�h�amoun�, of�h� Period�c Payments.
<br /> 3. Funds for Escrow I��ms. Borrov��r sha��pay to Lender on the day Periodic Pa�men�s are due under�he
<br /> N��e, until th�No�e �s pa�d in full, a sum�the "Funds"} �o pr��ide f�r payment af amounts due for: �a} �axes
<br /> and ass�ssments and o�her items v�ahich�an at�ain pr�or�ty o�er�h�s SeGur�t�r�nstrumen�as a lien or
<br /> encumbrance�n�he Proper�y; ��} �eas�hold pa}�ments�r�round rents on the Proper��, if an�; tc} prem�ums
<br /> for any and a�l �nsurance requ�red by L�nder under Secti�n 5; and �d} Mor�gage Xnsuranc�premiums, if any,
<br /> or an� sums payahle by Borrov�rer to Lender in lieu�f the paymen��f Mor�gage�nsurance prem�ums in
<br /> accordanc���th�he pra�isions af Section �fl. These i�ems ar�called "Escrow �tems." At arigination or at
<br /> any time during�he term of the Loan, L,�nder may r�quir�tha��ommun�t�r Associa�i�n Dues, Fees, and
<br /> Assessments, �f any, be escrowed by Borrower, and su�h dues, fees and assessments sha��be an Escr�w
<br /> I�em. Borrower sha11 pronrzp��� furnish to Lender all no��ces af amount����e paid under this Sec��on.
<br /> Borrower sha�i pa� Lender the Funds for Escrav� ��ems unless L.ender wa�ves Borrower's abliga�ion�o pay
<br /> �he Funds for any or a�� Escraw �tems. Lend�r may v�aive Barrower's o�l�gation to pa�to L.ender Funds for
<br /> any or aIi �scr�w �tems at any�i�m.e. An� such vvai��r ma�on�y be in v�ari�ing. �n th�even�of such wai�r�r,
<br /> Borr�v�er shall pay direc��y, u�hen and vWhere payable, th�amounts due for any Es�rov� ��ems far v�hich
<br /> paymen�of Funds has been wai�ed b}� Lend�r and, if Lender requires, sha�i furn�sh�o Lender rece�p�s
<br /> e�videnc�ng such paymen���vithin such time period as I,�nder may r�quire. Borrower's a��iga�i�n to mak�
<br /> such payments and��pr�vide rece�p�s shail for ail purpos�s be de�med to be a caWenan�and a�ree�rnent
<br /> cantained in�his Secur�ty Ins�ru�rnent, as the phras� "covenan�and agreemen�" is used in S��t�Qn 9. �f
<br /> Borrovver is flb�igated to pa� Escra�v Items d�rect��, pursuan�to a wa��er, and B�rrow�r fails�o pay the
<br /> am�un�due f�r an Escrow Item, Lender ma�e�ercise i�s r�gh�s und�r Section 9 and pa� such amoun�and
<br /> Borrow�r sha�� �hen he obl�ga�ed under Sec�ion 9�o repay to Lender any such amoun�. Lender may revoke
<br /> �he wa��rer as�o any or a�l �scrow ��e�ns a�an�time b� a no�i�e given in a��orda.nc�w��h Sectifln �5 and,
<br /> upon such re�oca�ion, Barrow�r shall pay to Lender aII Funds, and in such amounts, �hat are�hen required
<br /> under this Sec�ian 3.
<br /> �.end�r n�.a�, at any �ime, co�lec�and h�ld Funds in an amoun��a} suff�cient��permit Lender�� apply the
<br /> Funds at the tirne spe�i�ed under R�SPA., and�b} n�t�o exceed �he maximum amoun� a�ender�an require
<br /> under RESPA. Lender shali �s�ima�e�he amoun�of Funds due on��e basis of curren��.a�a and reasonab�e
<br /> es�imates of expenditures of fu�ure Escrow It�ms or o�h�rv�ise�n ac�ordance w��h Applicahle Lavw.
<br /> Th�Funds shail be held in an ins�xtu��on whose dep�si�s are insured by a federa� agenc�r, ins�rumentality, �r
<br /> en�it��including Lender, if Lender is an ins�itut�on whose deposits are�o insured} or in any Federa� Home
<br /> Loan Bank. Lender shall apply the Funds to pay�he�scrov�r �tems na lat�r�han the�ime specx�ed und�r
<br /> RESPA. Lender shall no�charge Barrower for hoiding ar�d app�yxng the Fun�.s, annual�y anaiyzing�he
<br /> es�row account, or�erify�ng the Es�rov�r �t�ms, unless Lender pays Barrower in�eres��n the Funds and
<br /> Appl�cable Lav�permits Lender ta make such a charge. Unless an agreemen� is made in v�rriting ar
<br /> Applicable Lav� requires in�erest to be pa�d an the Funds, Lender sha�i no�be requ�red�o pa�Barrov�rer any
<br /> in�erest or earn�ngs on the Funds. B�rrower and L,�nder�an agre� in wr�t�ng, however, that inter�st shal�be
<br /> paid an the Funds. I.ender sha����ve�o Borrov�rer, wi�h�ut charge, a�a annuai accoun�in�of�he Funds as
<br /> requir�d by RESPA.
<br /> �f�here�s a surplus of Funds he�d �n escrovv, as defined under RESPA, L,�nder shali accoun�to Borrovver for
<br /> th�exces� funds in accardance with RESPA. �f there is a shor�age�f Funds he�d �n escrow, as defined under
<br /> RESPA, Lender sha�l not�fy Bflrrower as required by RESPA, and Borrawer shal� pay to L.�nder th�amount
<br /> ne�essary to make up the shor�age in accordanc�vvi�h R�SPA, but in no more than ��m�n�h�y pa�men�s. If
<br /> there is a deficiency of Funds held in escrow, as de�ned under RESPA, Lender shai�no�ify B�rrower as
<br /> N�BRASKA-Singie�a�nily-�annie MaelFreddie Mac UN�FORM tNSTRUMENT �vrm 3028�1��
<br /> VMP� VMP6{N���13��)
<br /> Wolters Kluwer Financiai S�r�ic�s Pag�5 af 17
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