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2� 1 ��2872
<br /> the payrnen��s applied to t.��fu�l payrne�.t of one or more Period�c Paymer�ts,such excess ma�be applied to any la�e
<br /> �hax�ges due.Vol�n�ary prepayments shall be app�ie�f rst�o any prepayrn�n�charges and�hen a.s described in�he Note.
<br /> Any applicatian�f paymen�s,insurance praceeds,or M�scellane�us Proceeds to princ�pal due under�he I�ote sha��
<br /> no��xtend or postpane t�.e due d.ate,Qr chan�e the amount,of��e Peri�di�Fayrnents.
<br /> 3.Funds far Escraw�terns.Borrowe�sha11 pay to Lender an the day Peri�d���'ayments are due unde�the Na�e,
<br /> un�il the Note is paid in ful�,a sum��he"Funds"}�v pro�i��for payzr�ent of amounts due for;{a�t�xes and ass�ssments
<br /> a�zd ot�xer items which c� �tta�n privr�ty o�er�his S�ctzrity Ins�rurr�.ent as a lien or encum�rance on�h�Pro�erty;
<br /> �b}leasehald payments�r ground ren�s an th�Proper�y,if an}�;�c}premzun�fvr any and all insuranc�required by Lender
<br /> under 5ec�ion�;and�d�Mvrtgage Insurance premiums,if any,or any sums payabie by Banrawer ta L�nder�.n�ieu of the
<br /> payrr�.ent flf Mortgage�nsurance p�emxums in accordance wi�h the provisians of Sec�ion ��.These zt�ms are called
<br /> "Escrvw I�ems."At origination or at any�ime during the term of the Laan, Lender rr�ay requir�that Community
<br /> Associa�ion Dues,Fees,and Assessments,�f any,b�escrovved by Borro�c�v�r,and such�u�s,fe��and assessrnenfs sha�i be
<br /> an Es�raw Item. Banrflwer sha�l promp�ly f�rnish�o L€�nd�r a�I n�tices of amoun�s to be paid under this 5e�kion.
<br /> Borrower s�all pay Lender the Fund�s for�s��vw i�ems unless Lende��v�raives Borrovve�-'s obliga�ion ta pay�he Fund�far
<br /> any or all Escrav�r I�ems.Lendez�may waive Bor�a�er's a�liga�on to pay�a Lender Funds for any or al�Escrov�I�erns a�
<br /> any t�me.Any such wai�ver may anly be zn w�ri�ing.In the event�f such vvai�er,B orrawer sha11 pay d�rect�y,when and
<br /> �vher�payab�e,the amaun�s due for ar�.y Escrow Ifems far whi�h�a�m�nt❑f Funds has b�en wazved by Lender and,if
<br /> Lender requir�s, sha1� furnish to Lender r�c�ip�s eW�dencing such paymen#within such t�me periad as Lender ma�r
<br /> require.�orro�ver's�bliga�ion to mak�such pa�extts and ta prav�de rece�pts shall for all purp�ses be deemed to be a
<br /> covenan�and agreemex��contained in this Securi��nstrum�nt,as t.he phrase"�avenant and agreement"is used in Sec�ion
<br /> �.If�vrrow�r is Qbligated to pay Escrow It�ms direct�y,p�arsuari.t to a waiv��,and Bvrrawer fa��s ta pay�he amaun�due
<br /> f��an Escravv Item,Lender ma�exer�is�i��r�gh�s under Sectian 9 and pay such amaun�and Bvrrower shal�th�n be
<br /> vb�igated under Sectivn 9 to repay tv L�nder any such amaun�,I�ender may re�ake�he v�aiver as�o an�vr all Escro�►�v
<br /> Items at any t�m.e by a n�tice given�n acc�r�.ance wit.h Sec�ion 1 S and,upon such rev�catiori,B�rr�u�er shall pay ta
<br /> Lender all Funds,and in such arnount�,that are then r�qu�r��urider�his 5ection 3.
<br /> L�nder may,at any�im�,ca��eck and ho�d Funds in an amoun��a}su�cient ta permit Lender to apply�he Funds at
<br /> the tim�specifi�d under R�S�A,and��b�no��o exceed�he maximum amoun�a�ender can�equire under RES�A.Lender
<br /> shall es�ima�e the amount of Funds due on#h�basis of curren�data and reasonab�e�stirnates�f�xpendi�ures of fu�ure
<br /> Escraw�tem�or a�herwis�in accordanc�with App�i�a�le Laur.
<br /> The Funds sha�l be held in an institu�xon whose depas�ts are insured by a federal agen�y,ins�rument�li�y,�r en�ity
<br /> �inciuding Lender,if Lender xs an ins�itution urhvs�depasits are so insured�or in any Federal Home Loan Bank.�ender
<br /> sha�I apply�.e Funds to pay�he Escro���erns n�Iater t�ian�he time specifzed under RESPA.Lender shall not charge
<br /> S�rro�ver for�aold�ng and applying�he Funds,annual�y analyzi�ng the�scrow account,or verifying the Escrow I#ems,
<br /> un�ess L�nder pays Borraw�r interest an the Funds and Appl�ca��e La��errruts Lender to make such a charge.Un�ess an
<br /> agreement�s made i�x�riting vr App�i�able Law requires interest�o�a�pa�d on�e Funds,Lender shall not be r�quired to
<br /> pay B�rcower any ix�terest ar�arnings on the Funds.Boxrower and Lender can agree in writir�g,however,that interest
<br /> sha11 be paid on#he Funds.L�.dez�shall give to Banrowe�,uTi�haut charge,an annual ac�our�ting of��e Funds as requi�ed
<br /> by RESPA.
<br /> �f there is a surp�us�f F�znds h�ld�n escrvvv,as defzned under l�ESPA,Lender sha�I account ta Barro�er far�he
<br /> excess funds in accQrdaric�uri�h RESPA.If th��e is a shartage af Funds held i�escrow,as defined under RESPA,Lende�
<br /> shali notify Borrower as required by�SpA,an�Borrower shall pay t�Ler�der�he amount neGessary to ma��up�he
<br /> shar�age in accordance u�zt.�a RESP�.,bu�in na more�han 1�rnon�hly payr��nts.If�here is a de�ciency af Funds he1�in
<br /> escrow,as def ned under RESPA,i,ender shal�nat�fy Borr4wer as required by RESPA,and Borrawer shall pa�ta Lender
<br /> the amaunf necessary t❑make up the�.efic�ency zn accflrdance wi.�h R_ESPA,bu�in no�xaore than�.2 mvn�hly payrnents.
<br /> Upan paymen�in ful�of al�sum.s secured by this 5ecru�ity Instru.men�,Lender sha�l promptly refun.d#o Banra�er any
<br /> Funds held b�Len��r.
<br /> NEBRASKA-Singie Fami�Fa���e�IlaelFreddie Mac UNIFDR(�I IN�STRU�I��[T Form 3Q�8 1�01
<br /> Page 4����
<br /> ias,�n�,-��s� Borro�re��s}initial �
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