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2� 1 ����55
<br /> An� applica�ion�f paymen�s, insurance p�-oceeds, or Mzscel�aneous Proceeds to principa� due under the Note
<br /> shali no�e�tend�r postpone th�due date, or change the amount, of th� P�riod�c Payments,
<br /> 3. Fund� for Escrow Item�. Borrower sha�� �a�t� Lender on the�.ay Periodic Pa�men�s are du�under the
<br /> Note, unti� the Note ��pa�d in full, a sum�the "Funds"} to provide for paym.ent of amounts due for: �a} �ax�s
<br /> and assessments and a�h�r��ems vvhich can attain priarit���er this Secur�ty �nstrum�nt as a��en�r
<br /> encumbrance on the Prop�rty; ��} leasehoid payments or ground rents on�he Proper�y, �f any; �c}premi.ium�
<br /> for any and alI �nsurance requ�red by L.�:nder under Section 5; and�d} Mor�gage�nsurance pr�m�ums, if any,
<br /> or any sum�payable by B�rrower�o L�nder�n lieu of the payment of Mortgage Insurance premiums in
<br /> accardance w��h�he pr�vis�ons of Section ��. These i�ems are cai�ed "Escrov�It�ms." A�origination�r a�
<br /> any�ime dur�n�the term af the Loan, Lend�r may require that C�mmun�ty Assacia�ion Du�s, Fees, and
<br /> Assessments, if an�, b��s�rowed b� Barrow�r, and such dues, f��s and assess�nen�s shal�be an Escr�w
<br /> �tem. Borr�wer shall promptiy furnish to Lender a�i n�tic�s of amounts to be paid under thzs Sec��on.
<br /> Borrower shali pay L�nder the Funds for�scrovv I�ems uniess Iaender waives Borrower's abl�gation�n pay
<br /> �he Funds for any or a�� Escrow �tems. Lender ma�wa�i�e Borraw�r's ohligation to pay ta Lender Funds far
<br /> any nr al� Es�rov�r �tems a�an�r tin��. Any suc�.vvaiver m.ay on�y be in wr�tin�. In�he�vent af such wa��ver,
<br /> Borrower shall pay dire��ly, when and where payable, �he amoun�s due for any Escrow ��ems for which
<br /> pa�m.en�of Funds has been waived by Lender and, �f I.�nder requir�s, sha�I furnish�o Lender rece�pts
<br /> e�iden��ng such pa�m�n�within such time period as Lender ma� require. Borrav��r's abliga�ion to mak�
<br /> such paymen�s and to pro�ide r�ceipts shall for a11 purposes be deeme�.�o�e a covenan�and agreemen�
<br /> con�a�ned �n this Secur�ty �ns�rum�nt, as�he phrase +'C�v�ndnt and agr��ment" is used in Sec��on 9. �f
<br /> Borro�rer is�b��ga��d to pa�r Escrow �ten�.s dxr��t��, pursuant ta a waiv�r, an�.Borr�wer fails�o pay the
<br /> amaun�due f�r an Escrov� ��em, Lender rna�exercise i�s rights under Sec�ion 9 and pay such amoun�and
<br /> Borrawer sha�I �hen be obliga�ed under Sec�i�n 9 to repay t� L�nder an�such amount. Lender m.ay revoke
<br /> �he�vaiv�r as�o any or a11 Escr�w Items a�an��ime by a notic�gi�en in ac�ardance vvi�h Sec�ion 15 and,
<br /> upon such re�acation, Bnrrawer sha�l pay to L�nder a�� Funds, and in such amaunts, �ha�are�hen required
<br /> under th�s Sec�ion 3.
<br /> Lend�r may, a�an��ime, col�ect and hold Funds �n an amoun� �a} suf��ient�o permit I.�ender to app�y�he
<br /> Funds at the time speci�ed under R�SPA, and�b� no��o exc�ed th�maximum amoun�a�ender�a.�require
<br /> under RESPA. Lender shal� estimate the amount�f Funds due on�he�asis�f current da�a and reasonable
<br /> estima�es�f e�p�nditures of future Escro� Items or�th�rw�se in ac�ardance wi�h Appiicable Law.
<br /> The Funds sha�� be h��d �n an�ns���uti�n wh�se deposzts are�nsured�y a federal agency, ins�rumen�ality, or
<br /> entity ��nc�ud�ng Lender, if Lender is an ins�itu��on whos�deposz�s are so xnsured} or in any Federa� H�me
<br /> Loan Bank, Lender sha�� apply the Funds to pay the Escrow �tems n� Iater��an the time spec�f�und�r
<br /> RESPA. L�nder shall not charge Borr�wer for holding and applying the Funds, annua��y anal�zing��.e
<br /> escrovv account, ar verifying the Escrow Items, un�ess Lender pays Bnrrower int�r�s��n�he Funds and
<br /> Appl�cab�e Law permi.ts L�nder to�nake su�h a charge. Unless an agreem�nt is made in wr�ting or
<br /> Ap���cable Law requ�res interest to be pa�d on the �un�s, Lender sha�l no�be requ�red�o pay Borrower any
<br /> interes�or earnings on�he Funds. Borrower and I.�:nder can agree�n writing, hov�e�er, �hat�nterest sha��be
<br /> paid on the�unds. Lender sha.l� give to Borrav�er, withaut Gharge, an annua� accoun�ing of the Funds as
<br /> required b�RES�'A.
<br /> If there�s a surplus of Funds�e�d in escrow, as defin�d under RESPA, Lender shall account to Barr�wer for
<br /> �he�xcess funds in a�cordan�e�vith RESPA. �f�here xs a shor�age of Funds h��d �n escrov�r, as def�ned und�r
<br /> R.ESPA, I,�nder�ha11 no�ify Borrow�r as r�qu�red b�RESPA, and Borrow�r shall pa�to Lender the a�n.ount
<br /> neGessary��make up the shQr�age in accordance wi�h RESPA, but in no more than 12 m�nthl�paymen�s. �f
<br /> �here is a de�ciency�f Funds he�d in escrow, as de�ned under RESPA, Ilender shall no�ify Borrower as
<br /> N�BRASKA-5ing[e�amily-�annie Mael�red�iie Mac UNI��RM[NSTRUMENT Form 3028 11Qi
<br /> VMP� VMPfitNEf t13a2i
<br /> Walters Kluwer Financial Ser�ices Page 5 vf i 7
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