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2� 1 ��29��
<br /> Any appl�ca�xon af pa�ments, �nsuranc�proceeds, or Mzsc�ilaneous Proceeds ta princ�pal due under the No�e
<br /> sha�i no�extend�r�ost�one the due dat�, or change�h�amount, of th�Per�odic Paymen�s.
<br /> 3. Funds far Escrow Itenr�s. Borrov�er sha��pay�o Lend�r fln the day Per�odic Paymen�s are due und�r��
<br /> Na�e, unt�l the Nate�s pa�d in full, a sum��he "Funds"}�o pro��de f�r paymen�af amoun�s due f�r: �a}�axes
<br /> ar�d assessment� and ather��ems which can at�a�n priority over this Se�urity Instrumen�as a�ien or
<br /> encumbrance an th�Pr�perty; �b� Ieasehald paymen�s or ground rents on the Property, if any; �c}premiums
<br /> far any and all insurance requ�red by L�nder under Section S; and �d} M�r�gage Insurance prem�ums, �f any,
<br /> or any sums payab�e by Borrovver to L�nder in lieu of the paymen�of M�r�gage�nsuran�e premiums �n
<br /> accordance�i���he pr�visions of Sec�ion 1D. These i�ems are cal�ed "��crflw ��ems." At orig�nat�on ar a�
<br /> any t�rn�during�he term�f�he Laan, L.�nder ma�require tha��omumunity Ass�c�ati�n Dues, F�es, and
<br /> Assessm�nts, if any, be escrovv�d by Borro�er, and such dues, fees and assessmen�s sha11 be an�scrow
<br /> I�em. Borro►wer s�al�promp�ly furnish�o Lender aI� no��ces of amounts�o be�aid under�h�s Sec�ion.
<br /> Borrower shall pay Lender t�ze Funds for Escrow ��em.s unless L.�nd�r waives Borrawer's obiigation t�pa�r
<br /> �he Funds for any or a�� Escr�w Item�s. Lender may wai�e Borrower's obl�gation�a pay�o Lender Funds for
<br /> an�r or al� Escrov� Items a�ar�y tirne, Ar�y such wai�er ma�on��r be�n�vri��ng. �n the e�en�of su�h tiva��er,
<br /> Borrower shall pay direc��y, when and�rhere payal��e, �he amoun�s due f�r an� Escrav� 7tems for which
<br /> payment of Funds has been wai�ed�y L,ender and, �f Lender requir�s, sha�l furnish�o Lender r�ceip�s
<br /> �v��.en�xn�such paymen��vithin such t�m�period as L�nder may require. Barr�u�er's obl�ga��an to make
<br /> such paymen�s and�o prov�de receip�s shali for ai�purpases be deemed to b�a c���nan�and agreern�en�
<br /> c�nta�ned �n this Security �nstrument, as the phras� "�o��nant and agreemen�" �s used in Section 9. If
<br /> Borrow�r is obliga��d�a pa�Es�row ��ems d�re�t�y, pursuant to a waiver, and Borrovv�r faxls to pay�he
<br /> am�un�due for an Es�r�w I�em, Lender may exerc�s��ts r�gh�s under Sectian 9 and pay such amoun�and
<br /> Borrower shall then be ob�igated under Sect��n 9�o repay�o I,e�zd�r any su�h amoun�. Lender may rev�ke
<br /> �he wai�er as ta any or a�l ��cr�w �texns at any t�m�by a not�ce given in accordan��w��h Se�t�on 15 and,
<br /> upon such rev��a�ian, Borrower shall pay�a L�nder a�� Funds, and in such amoun�s, that are�hen requ�red
<br /> under this Sect�on 3.
<br /> L�nder may, a�ariy��m.e, c�I�ec�and hold Fund� �n an amount �a} suf�c�en��a perm��Lend�r to app�y the
<br /> Funds at the�ime specified under RESPA, and tb} not ta exceed the maximum amount a lender can r�qu�re
<br /> under RESPA. Lender shal�estimate the amoun�of Funds due on the basis af current da�a and reasonab�e
<br /> es�ima�es of e�penditur�s of future Escr�vv l�ems ar othervv�se in acc�rdan�e w�th App�icable Law.
<br /> '�he�run.ds shal�be held in an inst��u�ian whose deposi�s are�nsured�y a federa� agency, ins�rumen�alit�r, or
<br /> ent��� (including Lender, if Lender�s an rn�ti�ution whose depa�its ar�so�nsured}or�n any Federa� �3ome
<br /> Loan Bank. Lender sha�� app�y the Funds �a pay the Escrow Items no la�er�han the t�me specified under
<br /> RESPA. Lender sha��no�charge Borrower for hold�ng and applying�he Funds, annual�y ana�yzing�he
<br /> escr��nr account, flr�erifying�he Escr�w ��ems, un�ess L�nd�r pays Borrower inter�st on�he Funds ar�d
<br /> App�icab�e Law permi�s Lend�r to make such a charge. Un�ess an agreement is made in writ�ng ar
<br /> App��cab��Lav�requir�s interest to be pa�d�n�he Funds, Lfender sha�l not be required�.�pay Borrower an�
<br /> �n�eres��r earnings on�h�Funds. Borrower and Lender can agree in�vr��ing, hovwever, �hat interest s�.all b�
<br /> paid❑n�he Funds. Lend�r sha�I give to Borrower, withou��harge, an annual accounting of the Funds as
<br /> re�u�red by R.LSPA.
<br /> �f ther��s a sur��us�f�unds he�d in escr�w, as defined under R.ESPA, I.�nder shail account to B�rrower for
<br /> the exc�ss funds�n a�cnrdanc�wxth R�SPA. If there is a shortage af Funds he�d xn escrow, as defined under
<br /> R.ESPA, Lender shal�n���fy Borr�wer as requ�r�d by RESPA, and Borrower sha��pay �o Lender the amoun�
<br /> necessary��make up�he shortage in acc�rdance w�th RESPA, but �n n�more than 12 mflnthiy payments. �f
<br /> there is a de�c�ency of Funds held in�scrow, as de�ned und�r RESPA, Lender sha�l n��zf�Borrower as
<br /> N�BRASKA-5ir�gl�Family-Fannie MaelFreddte Ma�tJNfF�RM INSTRUM�NT �orm 3D�8 i1�1
<br /> VMP� VMPC[NEy(�3Q2f
<br /> Walters Kluwer Financial Ser�ices Paga 5 of i 7
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