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2� 1 �� 1853
<br /> Any app�ica�ion of paymen�s, insurarice prace�ds, or M�sc�l�aneous Pr�ce�ds to�r�ncipal due under the Note
<br /> sha�l not e�.t�nd ar pfls�pone the due da�e, or change the amoun�, of the Per�odic Paymen�s.
<br /> 3. Funds for Es�row I�ems. Borrow�r shal�pay�� Lender�n the day Per�od�c Payments are due under�he
<br /> Nate, un����he No�e is pa�d in fu�l, a sum��he "Funds"}to provide for payment of amaunts due far: �a� taxes
<br /> and assessmen�s and o�her��ems which can a��ain pr�ori��flver this Se�urity �nstrum�.en�a� a l�en ar
<br /> encumbranc��n�he Pr�per�y; �b} Ieas�h��d payments or ground ren�s an the Proper�y, if any; �c}pr�miums
<br /> far any and a�� �nsurance required by Lend�r under Section 5; and �d} Mor�gage�nsurance premiums, if ar�y,
<br /> ar any sums payable by Borrower to Lender in�ieu of the paymen��f Mor�gage�nsurance premiums �n
<br /> acc�rdance wi�h�he pro�xs��ns of Sec�ion 10. These i�ems are�a11ed "Escro�v ��ems." At arigina��on or at
<br /> an�t�me during the�erna�f the Laan, L.�nder may requ�r�that�ammun�ty Association Dues, Fe�s, and
<br /> Assessn�ents, if an�, be es�rowed by B�rrower, and such dues, fees and assessments shall be an Escraw
<br /> ���m. B�rrawer sha11 prom.p��y furn�sh tio Lender al1 not�ces of amounts�o be paxd under this Section.
<br /> Sorrower sha��pay Lender�he Fu�ads for Escr�w ��ems un�ess Lender wa��es Borrawer's ob��gatxon�a pay
<br /> the Funds far ax�.�r or a�� Escro�u �tems. I.ender may�ra��e Borrower's�b��gation�o pay to Lender Funds for
<br /> any ar all Escrov�r ��enzs at any t�me. Any suc�wa�ver may only be�n wri�ing. In th�event of such v�a�ver,
<br /> Borr�wer sha�l pay direc�ly, when and where payab�e, �he amoun�s du�for any Es�r�w �tems for�vhich
<br /> payment of Funds ha�been waived by Lender and, �f Le�.der requ�res, sha�l furn�sh t� I.,�nder rece�pts
<br /> e��denc�ng such paymen�wi�hin such time per�od as L.�nder may requ�re. Borrower's a�b�iga��on�o mak�
<br /> such paymen�s and�o pr�vide receipts sha11 far a��purp�ses b�deemed�a be a cov�nan�and agreement
<br /> c�nta�ned xn�his Security �nstrumen�, as the phrase "covenant arid agreemen�" �s used in Se�tian 9. If
<br /> Borr�wer is ob�igated��pa�r�scrow ��ems direc�ly, pursuan�to a wa��er, and Barrower fails tv pay the
<br /> amaunt due for an�scrov�r Item, Lender may exerc�se its righ�s under Sect�an 9 and pay such amount and
<br /> Borraw�r sha��then be ab��gat�d under Sec�ion 9 to repa��a Lender an�such am�unt. L.end�r ma�re�oke
<br /> �he wai�er as to any or all �scrow �tems a�any time by a no�ice g�ven in accordanc�w�th Sec�ion I5 and,
<br /> upan su�h revocation, Borrower�ha��pay�o Lender a11 Funds, and in suc�amoun�s, �hat are then requ�red
<br /> under�his Sec��on 3.
<br /> Lender may, at any�ime, c�ilec�and hoXd Funds in an amount�a} suffic�en��o permit I.�nder�� apply the
<br /> Funds at the t�me specified Under R�SPA, and�h}not�a exceed�he maximum amount a lender Can require
<br /> under RESPA. Lender s�a1x est�mate�h�amoun�af Funds due on�he bas�s af curr�nt data and r�asonabl�
<br /> estxmates of expendi�ures of fu�ure Escr�w It�ms or otherw�se in ac�ardance w��h Applicable Law.
<br /> The Funds sha11 be heid�n an ins�itution wh�se dep�sits are�nsured by a federa� agency, �ns�rumentai�ty, or
<br /> �n�i�y �inc�uding I..ender, �f Lender is an instYtu�ion�v�rhose deposi�s ar�sa insure�} or in any Federa� �3�me
<br /> Loan Bank, Lender shal� app��th�Funds to pay the Escraw �tems no Iater�han�he time spe�if�ed under
<br /> RESPA. L,�nder shall not�harge Borrow�r for hol�ing and app�y�ng�he Fund�, annually ana�yz�ng�he
<br /> escr�w account, or�erifying the�scrow �tems, unless Lender pays B�rrov�er interest on���Funds and
<br /> Appiicab�e Law permits Lender to make such a charge. Unle�s an agreement is made in writ�ng or
<br /> Applicab��Law requ�res ��aterest��be paid on the Funds, Lender shall not be required to pay Borrower any
<br /> �n�eres�or earnxngs on the�unds. Borrflv�rer a.nd Lender�an agre� �n wri�ing, hovve�er, �ha�inter�s�sha�l be
<br /> paid on�he Funds. I.�r�der shall gi�re to Borrow�r, v�i�haut char�e, an annual accounting of�he Fund�as
<br /> required by�ESPA.
<br /> �f�here is a�ur��us of Funds he�d �n escrow, as defined un�er�ESPA, Le�der sha�I accnun��a Borrower for
<br /> the excess funds in accardanc�wi�h RESPA. If�her�is a shortage af Funds he�d�n escravv, as defin�d under
<br /> R�SPA, Lender shall natify Borr��ver as required b� R.E�PA, and B�rrower shall pa� �o Lender the amaun�
<br /> necessar�to make up the shor�age in accardance with RESPA, but �n no more�.han 1�monthly pa�men��. �f
<br /> there is a def�ci�n�y of Funds he�d �n escraw, as de�ned under RESPA, Lender sha�� notif� Borrower as
<br /> NEBRASKA-Sir�gle�amily-�annie MaelFreddie Mac UNIFORM INSTRUMENT Fvrm 3�28 11fl�
<br /> VMP� VMPfitN�y{13023
<br /> Wolters Kiuwer Fi�an�ia�Ser�ices Page 5 af 17
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