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2� 1 ��3135
<br /> Any applica�io��of payments, �nsuranc�pra�e�ds, or Miscellaneous Proceeds to principal du�und�r th�I�ote
<br /> shaIi not ext�nd ar pos�pone the du�date, or�hange��e amnunt, af the Perifldic Payments.
<br /> 3. Funds for Escrav+�I��ms. Borrnvver shall pay to Lender on�he day Per�odic Paymen�s ar�due under t��e
<br /> �ote, un�il the N�o�e is pa�d in ful�, a su�n��he "Funds"} ta provide fflr paym�nt�f amoun�s due for: �a} taxes
<br /> and assessmen�s and o�her��ems wh�ch can atta�n prior��y over�his Secur�ty�ns��ument as a��en or
<br /> encumbrance on the Property; �b} �easehold payments ar ground rents on the Pr�perry, if any; �c}pr�miums
<br /> f�r any and all �nsurance r�quired by Lender under 5ec��on S; and�d} Mor�gage Insurance premiums, if any,
<br /> or any sums payab�e by Borrower�o L�nd�r in lieu of th�payment af Mortgage�nsuranGe premiums in
<br /> accordan�e wi�h the pro���i�ns�f Section �Q. Thes��tems are called "Escrovv I��ms." A�orig�na�ion ar at
<br /> any ��me dur�ng �he tenm of the Loan, Lender may re�uire�ha�Cammunity As�ociation�7u�s, F�es, and
<br /> Assessments, if any, be�scrawed by Borrower, an� such dues, fees and ass�ssments sha��be an Escrow
<br /> Item. Borrower shali promp�Iy furnish �o Lender al� no�ices of amaun�s to�e pa�d under th�s Secti�n.
<br /> Borro��er sha11 pay Lender the Fund� for Escrov��tems unless Lender vva�ves Barrow�r's obl�gation ta pa�r
<br /> �he Funds for any or a�I Escrow�tems. I,�nder may waive B�rrawer's obligation to pay t�Lender Funds for
<br /> any or a�� �s�rov��t�ms at any ti�ne. Any such waiWer may o�y be in��riting. In the event af such vvaiver,
<br /> Borrower�ha��pa� directly, when and�vhere payable, �he a�moun�s due f�r any Escrow Items for�uhi�h
<br /> paymen�af Funds ha�b�en vvaived by Lender and, �f L�nder requires, sha�.� furn�sh to Lender rece�p�s
<br /> evidencxng such payment w�th�n�uch�ime peri�d as Lender ma�require. Borrower's ob�igat�on�a make
<br /> such payments and ��pr�v�de r��eipts sha�l far al�purposes be deemed to be a co�renan�and agre�ment
<br /> c�ntained in this Securi�y Ins�rument, as the phrase "co�venant and agr�emen�" is used �n 5�c�ion 9. �f
<br /> Borrower is obl�gated tn pay Es�rovv�tems d�rectly, pursuant t� a wai�er, and B�rrow�r fa��s�o pay the
<br /> amoun�due for an�scr�v�v Item, I�nder xnay e�ercise it�righ��under S�ction 9 and pay such amoun�and
<br /> Borrower sha�I then be o�bl�gated under Sec�ion 9�o repay to Lender any such amoun�. Lender may re�ake
<br /> �h�waiver as to any �r aIl Escrow Items at any �ime by a noti�e g�ven �n acco�-dan��with 5ect�on �.S and,
<br /> upan such rev�ocation, B�rrawer sha��pay�o Le�der all Furids, and in such amounfs, �ha�are then required
<br /> under th�s Sec��an 3.
<br /> L�nd�r may, at any fime, �oX�ec�and��1d Funds in an amount �a} suff�cien�to permi�Lender to apply the
<br /> Funds a�fhe time spec�fed under RESPA, and ['b} no�to exceed the maximum am�unt a lender can require
<br /> under RESPA. Lender sha�I estimate�he amoun�af Funds due on the basis of current data and reasonab�e
<br /> es�ima�es of expendi�ures�f future Escrow�tems or��herw�se in ac�ordan�e with Appl�cab��La�.
<br /> The Funds sha11 be he�d in an in�titu�ion whose dep�si�s are insur�d by a federal agency, ins�rumenta�ity, �r
<br /> entity �inc�udi�g Lender, if Lender�s an institu�ion whose deposifs are s❑ insured} or in any Federa� �ome
<br /> Loan Bank. Lender�hal� apply the Funds �o pay �he Escrow��ems nfl�ater�han the time spe��fied under
<br /> RESPA. Lender shall not charge Borro�er for h�lding and applying the Funds, annuaYiy ana�y�ing the
<br /> escrfl��r ac��un�, ar v�rifying �he Escrflw��ems, unless L�nder pays Borrav�rer interest on�he Funds and
<br /> Appli�ab�e Law permits Len�er�o�nake such a charg�. Un�ess an agreenz�nt��rnade in wri�ing or
<br /> App�icable Law r�quires �n�erest ta be paid on the Fur�ds, Lender sha11 n�t b�r�quired�o pay B�rravver any
<br /> �nterest or earnings on�he Funds. B�rrov�rer and L..ender can agree in��rriting, howe�er, �hat�nteres�shall be
<br /> paid on�h�Funds. Lend�r sha�I gi�e�o Borrower, wi���ut�harge, an annual accounting of the Funds as
<br /> requ�red b�RESPA.
<br /> �f there is a�urp�us of Funds held�n escrow, as defined under RESPA, I.�nder shall a�caun�to Borrower f�r
<br /> �he excess funds in accordariGe w��h RESPA. If there is a shorfage af Funds held in escrow, as��firi�d under
<br /> RESPA, Lender shall not�fy Borr�u�er as required by RESPA, and Borrower sha�l �ay �o Lender th�amaunt
<br /> necessary�a make up �he shor�age Yn accordance v�ri�h R.ESPA, bu�in no more�han �2 m�nth�y paymen�s. �f
<br /> there is a d�f�c�enc�r of Funds held in escro�v, as de�ned under RESPA, Lender sha�l not�fy Borro�er as
<br /> � N�BAASKA-Single Family-Fanni�MaelFreddie Mac UNI�flRM INSTRUMENT � � � � � �arm 3028�l01 �
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<br /> Waiters Kluwer�inancia!5�r�ices Page 5 af�7
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