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2� 1 ��� 179
<br /> An� app�ica�io�of payments, insurance praceeds, ar Misc�llane�us Proc��ds to prin��pa� due und�r the Note
<br /> shai�no�ex�end or postpone the due date, or�hange the amaun�, of the P�rzfldic Payments.
<br /> 3. F'unds for��craw Ite�rns. Borrower sha��pay�o Lender on�he day P�riodic Paym�ents are du�under the
<br /> Note, until the Note is paid in fuil, a sum�the "Funds"} to pro�ide for pa�ment of an�ounts due for: �a} �axes
<br /> and ass�ssmen�s and other i�ems which can a�tain pri�ri��over�h�s Securi�y �nstrumen�as a l�en�r
<br /> encum�rance on the Pro�er�y; �b} leaseh�id paymen�s or ground ren�s on�he Praperty, if an�r; �c}pr�miums
<br /> for any and all insuranc�requ�red b� Lender under Section 5, and �d} Mortgage Insurance premiums, if any,
<br /> or an� sums payable by B�rrower ta Lender in lieu of the pa�ment of MQr�gag� Insuran�e premium� in
<br /> accordance wxth�he pro��s�ons of S�c��on �4. These��ems are called "Escrow Item�." A�ariginatinn ar at
<br /> an�t�me dur�ng �he�erm of the Loan, L.ender may requ�re�hat Communit�r Associa�ion Dues, Fees, and
<br /> Assessments, if an�, be escr�wed by B�rrov�er, and such dues, fees and assessments shail�e an Escrow
<br /> I�em. Barrov�►�er shall pr�mpt�y furn�sh to Lender ai�notices of amoun�s��be pa�d under this Sect�on.
<br /> Barrower shall pay Lender the Funds for Escrow �t�ms unless Lender wai�res Borrower's abliga�ion�o pay
<br /> the Funds for any or a�� �scr�w ��ems. Lender may waive Borrow�r's ob�igat��n t�pay�a L�nder Funds for
<br /> any or aI� Es�row ��ems at any time. Any such wai�er may onl�b�in wr��ing. �n�he e�ent of such wa�ver,
<br /> Barrower shall pay d�r�ctl�, when and where pa�ab�e, �he amounts due for an� Es�row ��ems for wh�ch
<br /> pa�m�n��f Funds has been waived by Lender and, if L�nder r�quires, shal� furnish�o Lender receipts
<br /> e�ridencing such payment w���x�n such��me period as L�nder may require. Borrower's obligatian to ma.ke
<br /> such paymen�s and to pro�ide re�e�p�s sha11 for a�l purp�ses be deemed�o be a covenan�and agreemen�
<br /> cnntain�d �n���s Securi�y Ins�rumen�, as�he phras� "covenan�and agreern�nt" �s used �n 5ection 9. �f
<br /> Borrower�s obl�ga�ed to pay Escr�v� I�ems directly, pursuant�o a wa�ver, and Borrov�rer fai�s �o pay the
<br /> amou�►t due for an Es�r�w ��em, Lender may exercise �ts rights under Sect�on 9 and pay such amoun�and
<br /> Barrov�er shall then be����ga��d under Se���on 9 to repa�t� Lender any such amount. Lender may re�oke
<br /> the wa�ver as to an�r or a�l Escrow �tems at any time�b�a no�ice g�v�n xn accardar�ce with Section �5 and,
<br /> upon such re�ocat��n, Borrower shall pay�a Lender all Funds, and�n such amounts, that are then requ�red
<br /> under th�s Sec�ion 3.
<br /> Lender may, a�any time, c�llect and hald Funds in an amount�a} suff�cient to perm�t L.�nder�o app�y the
<br /> Funds at the��me spec�fied under RESPA, and��}n�t�o ex��ed the ma�imum amoun�a lender can require
<br /> und�r RESPA. L�ender sha�l es��ma�e the amoun�of Fund�due on the basis of curren�data and reasona��e
<br /> est�ma�es of expenditures of future Escrow ��ems or�the�-v�ise in accardance vvz�h App�ica�le Lavv.
<br /> The Funds shall b�h��d in an institution vvhose deposits ar�insured hy a federai agenc�r, �ns�runr�en�a�x�y, or
<br /> en�i�y �in�lud�ng Lender, if Lender is an institut�an wh�se dep�si�s are sa insure�} o�r in any Federa� H�me
<br /> Loan Bank. L�nder sha�� app�y the�unds to pay the Escro�nr Items no later than the time specif�ed under
<br /> R�SPA. Lender shal� no��harge Borrov�er for hold�ng and app��xng�he Fun�s, annuai�y anal�zing�he
<br /> escrav�r accaunt, or verifying�he Escrow �tems, unless Lender pa�s Borrower�nterest on the Funds and
<br /> App�icab�e Law permits Lender t�make such a Gharge. Uniess an agreement �s m�ade in writing or
<br /> App�icable Law requires �n�erest�o be paid on the Funds, Lender sha�� no�be required�o pay Borrower any
<br /> interest or earnings on the Funds. Borrov�rer and Lender can agree in v�rri��ng, howe�er, �hat int�r�s�shail be
<br /> pa�d on the Funds. L.ender shai� giv�to Borrawer, w�thout char�e, an annua� accQun�ing of the Funds as
<br /> requ�red by RESPA.
<br /> If there is a surplus of Funds h�ld in escrovv, as defin�d under RESPA, Lender sha�I acc�un�to Borrower for
<br /> �he excess funds in acc�r�ance w��h RESPA. �f there �s a sh�r�age af Funds he�d in�scravv, as de�n�d under
<br /> RESPA, L.�nder shall nat�fy Bflrrflwer as requir�d by RESPA, and Barrower sha�i pay to Lender the am�un�
<br /> ne�essary to ma1�e up the shartage�n accordance with RESPA, bu� in no more�han 1Z month�y pa�men�s. If
<br /> th�re �s a de�ciency of Funds held in escrow, a�de�ned under RESPA, Lender shali notify Borrower as
<br /> NEBRASKA-Sing{e�arr�ily-Far�nie MaelFreddie Mac UNiFQRM INSTRUM�NT �arm 3��8'�ld1
<br /> VMP� VMPfitNE}ti 302}
<br /> Wolters KIuwer Fir�ancial 5er�ices Page 5 0#17
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