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2� 1 �� 1 �74
<br /> An�applica��on of payments, i�surance pro��eds, or Miscel�aneaus Praceeds to pr�ncipa� due under the Nate
<br /> sha�l n��e���nd or pastpon�the due da�e, or change�h�amoun�, of�he Periodic Payments.
<br /> 3. Funds for Escrow Items. Barrovver shall pa��o Lender on the�ay P�r�odic Paymen�s are due under the
<br /> Note, unt���he No��is pai� in fu��, a sum��he "Funds"} to pro�ide f�r paymen�of amoun�s due far: ta} �a�es
<br /> and assessments ar�d other i�ems which can a�tain prio�ity o�er�his Secur�ty �ns�rument as a i�en�r
<br /> encumbranc�on the Proper�y; �b} I�asehold payments or ground r�nts on�h� Proper�y, if any; �c} pr�rn�u�ms
<br /> for any and a�i insurance r�qu�red by L,�nder under S�ction 5; and�d� M�r�gage�nsurance premiums, if any,
<br /> or an�sums payable by Borr�wer�o Lender�n�ieu of�he payment�f M�r�gage�nsurance premiums in
<br /> accordanc�with the pra��sions of Sec�ion 1�. These i��ms are ca�i�d "Escrflw I�ems." At�rig�na��on or a�
<br /> any�zme during�he term�f the Loan, Lender may requxr��hat�am�mun�ty Assoc�at�an Dues, �ees, and
<br /> Assessments, �f any, be escrov�red�y Barrovver, and suc�.dues, fees and asses�ments shall be an Escrow
<br /> Item. B�rro�er sha�I promp�ly furnish�o Lender aii notiG�s of arnoun�s to be paid under this Section.
<br /> Borrower shall pay Lender the Funds for Escr�w Items unless Lender v�a�v�s Borrov�rer's o��igatinn to pa�
<br /> the Funds for any or ai� Escrow �tems. Lender may �vai��Borrawer's�b�igation to pay�o L�nder Funds f�r
<br /> any ar al� Escrov� �t�m�s at any t�me. Any such wa��ver ma�on�y be�n vvri��ng. �n the e�rent flf such�ai�er,
<br /> Borrow�r sha��pay direc��yy W�'t�I7 dI7C�Wrl��'��3c`��a�3��y the amounts du�for any Es�row I�ems far vvhich
<br /> pa�ment�f Funds has been waived by Lender and, �f Lender requ�res, sha�l furnish to Lender re�e�pts
<br /> ���dencing such paymen�v���hxn such�ime p�riod as Lender may require. Borr�wer's ob�igation to�rnake
<br /> such pa}�m�n�s and to pro�ide rec�ip�s shall for a�l purposes be deem�d �o h�a cavenant and a�r�emen�
<br /> contain�d�n�his Securi�y Instrumen�, as the phrase "c��enant and agreemen�" is used in Secti�n 9. If
<br /> Barrower�s obliga�ed to pay Escraw I�ems directly, pursuant�o a waiver, and Barra�v�r fa�is to pay th�
<br /> amoun�due for an Escrow Item, L.�nd�r ma�exereise its r��h�s under Se�t�on 9 and pay such amount and
<br /> Borrov�►ler shall then be obligafed under Se��ion 9 �o repay ta Lender an� su�h amoun�. Lender may revoke
<br /> ���e waiver as to an�or a�l Escr�v� Item� a�any �ime by a noti��gi�en in a�cordance with Sec���n �5 and,
<br /> upon such revocatifln, Borrower shall pay ta Lender ai� Funds, and in such amoun�s, that are then requ�red
<br /> under this Section 3.
<br /> Lender may, at an��ime, ����ect and ho�d Funds in an am�un��a} sufficient to p�rmit Lender�o apply the
<br /> Funds a�the��me speci�ed under RESPA, and��} nat to exceed�he maximum am�flunt a lender can requ�re
<br /> und�r RESFA. Lender shall estimate the amount�f Funds due on�he basis of curren�data and reasonable
<br /> estima�es of e�penditures of future �scraw ��ems�r othe�-vvxse�n accordance u»th App�xcable Law.
<br /> The Funds shal�be held in an ins�itu�ion whase depasi�s are insured by a federal agency, instrumen�ality, or
<br /> en�ity ��ncluding I,�nder, if Lender is an�ns�itution whose deposits are so insured} or in any Federa� Home
<br /> Loan Bank. Lender sha11 app���he Funds ta pa�the Escrow �tems no later than the�ime spec��ed under
<br /> R�SPA. Lender sha�l not charge Borrower for ho�ding and appl�ing�he Funds, annua��y analyzing�he
<br /> escr�w acc�unt, �r verif��ng the E�crovv �tems, unl�ss I.end�r pays Barrnwer interes�on�he Funds and
<br /> Appl�cabie Law permits Lender to make su�h a charge. Uniess an agr�ement is made in writing or
<br /> Applicable Lav�requires in�erest t�be pa�d an the Funds, Lender sha�� n�t be r�quired to pay Bnrrow�r an�r
<br /> in�eres�or earnings�n the Funds. Borrovver and L�nder can agr�e�n wr�t�ng, hov�rev�r, �ha��ntieres�sha�l be
<br /> paid�n�he Funds. Lender shall gi�e�o Barrflvv�r, wi�hout charge, an annua� a�caun�ing�f the Funds�s
<br /> r�quzred b�R�SPA.
<br /> �f�here is a surplus of Funds he�d�n escrow, as defined under RE�PA, Lender shall accflunt to Bflrrawer for
<br /> the�xcess funds in acc�rdance wi�h RESPA. �f there�s a sh�r�age of Funds he�d �n escrow, as def�ned under
<br /> RESPA, Lender shall no�if� B�rrawer as requir�d b� RESPA, and Borrower shall pa���I�nder the amoun�
<br /> ne�essa�ry to make up�he sh�r�age in accordan�e vvith RESPA, but�n na mare than �2 month�y paymen�s. �f
<br /> there is a def�c��ncy of Funds�.eld in escrow, as def�ned und�r RESPA, Lender sha�l notify Borrower as
<br /> N�BRASKA-Singt��amily-Fanni�Mael�r�cidie Mac UNIFaRM INSTRUMENT Farm 30Z8 i10�
<br /> VMP[R] VMP��N�f[i 3�2}
<br /> Wofters Kluwer Financial 5er�ices_ Page 5 of�7
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