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2� 1 ��3232
<br /> Any app�icatian of payrnents, �nsUrance praceeds, or Miscellar�eous Proc�eds�o pr�ncipal due under�he Note
<br /> sha��nat ex�end or postpone the due date, or change the amoun�, of�he Periodic Payments.
<br /> 3. Funds for�scrovv Items. Barrow�r shall pa�to Lender an�he day Per�adic Paymen�s ar�due under�he
<br /> Nfl�e, u�t�l�he No�e is pa�d in ful�, a sum�the "Funds"}to pr���de far pa�me�a�of amounts due for: ta) taxes
<br /> and assessmen�s and o�her items which can attain prior�ty over�his Security �nstrument as a lien or
<br /> encumbranc��n�he Prop�r��; ��} �easeh�ld paymen�s ar ground rents on�he Proper�y, if any; tc}premiums
<br /> for any and a�i insurance re�uired by Lender under Se�����5; and �d} Mortgage�nsurance pr�miums, if any,
<br /> or any sums�ayab�e by Borrov�er�� Lender in�ieu of the paym�nt of Mortgage Insurance premiums �n
<br /> accordance v��th�he pro��s�ons�f Sec��on I.�. These x�em�s are called "Escrov� I�ems." At orxg�nation or at
<br /> any t�me during the term of the Laan, Lender ma�r r�qu�re�ha��ommunity Association Dues, Fees, and
<br /> Assessments, if an�rs �be escr�vved b�Borrow�r, and such dues, fees and assessm�n�s sha��be an Es�ra�v
<br /> �te�n.. Borrower sha��prompt�y furnish�a L�nder al�notices of amaun�s ta be pa�d under�his S�ct�on.
<br /> Bor�rower sha��pa� Lender�he Funds far Escraw Item�unless Lender waives Borra�ver's��Iiga�ion�o pay
<br /> �he Funds for any or al� Escrov� Items. Lender ma�wa�ve B�rrower's obligat�on�o pa�r to I.�nder Funds for
<br /> any or a�� �scrovv ��ems at any��me. Any such waiver may on�y b� �n vvriting. In�he�ven�of suc�v�a�ver,
<br /> Borrower shal�pa�directiy, vv�Zen and vvhere payable, �he amaunts due for any Escrav� I�en� f�r wh�ch
<br /> payment af Funds has�een v�a�ved b�r Lender and, if Lend�r requ�res, sha�l furnish to Ilender receipts
<br /> e�idencing such payment wi�hin such�ime period as Lender may �requxre. Borrower's obligation��make
<br /> su�h payments and�o�rovide re�eipts sha11 far a�l purpases b�de�med t�be a covenant and agreemen�
<br /> c�n�ained in�his Se�uri�y �nstrumen�, as t�ae phrase "c��enant ar�d agreemen�" is used in Sec�ion 9. �f
<br /> Barrower is ab�iga�ed to pa� �scrow ��ems direc�ly, pursuan�ta a wai�er, and Borr�wer fails�a pa� the
<br /> arz�.ount du�for an�scrow ��em, Lender may e�erc�se its rights under�ec�ion 9 and pay such amoun�a.nd
<br /> Borrower shal�then�e ob�igated under Sec�ion 9�a repay �o Ilender any su�h am�unt. Lender�m.ay revoke
<br /> the wa�ver as to any or all Escro�v �tezns at any��me b�r a n�tice gi��n�n accordance�i�h Sect�on 15 and,
<br /> upon such re�rocation, Barrower sha�l pa�to Lender a�i Funds, and in such am�un�s, �aat are�hen required
<br /> under�h�s Sect�on 3.
<br /> Lender may, at any�ime, co��ect and ho�d Funds �n an amount �a} suff�cient ta perm�t L.�nder to apply the
<br /> Fund� at the��m�specified under RESPA, and�b} no��fl��.ceed�he ma��mum amflunt a lender can r�qu�re
<br /> under RESPA. Lender shall est�ma��th�am�unt�f Funds due�n�he basis�f current da�a and reasonab�e
<br /> es�ima�es nf expend��ures af future Es�r�� ��ems or�therwise�ri accardance w�th Applicable Law.
<br /> The Funds sha��be�e�d in an institution whose depasi�s are insured b�a federa� ag�nc�, instrum�ntality, or
<br /> en�ity�including Lend�r, if Lender�s an ins�itut�on whose deposi�s are so insur�d} or in an�F�dera� Home
<br /> Loan Bank. Lender shai� appl�the Funds tv pay the Escrow �tems no lat�r�han the time�p�cifi�d under
<br /> RESPA. Lender shal�no��harge Borro�ver f�r h�Iding and app�ying�he Funds, annua�ly analyzing the
<br /> escraw accoun�, or ver�fying�he Escraw ��ems, uniess Lender pays B�rrawer�nteres�on�he Funds and
<br /> Appl�cable Lav�r permits Lend�r to make such a charge. �Jnless an agreemen�is made in v�rri��ng or
<br /> Applicab�e La�v requires �nteres�t��e paid nn the Funds, Lender sha�l not be requir�d to pay Borrawer an�
<br /> interes�ar earn�ngs an�he Funds. Borrower and Lender can agree in writing, h�wev�r, tha�in�erest shal�be
<br /> �a�d on�he Funds. Lender sha�� gzWe to Borrower, w��hout charge, an annua� a�counting of�he Funds as
<br /> required b�RESPA.
<br /> If�here�s a surp�us of�unds h��d �n escrow, as defined under RESPA, I�ender sha�l ac�aunt to Barrower for
<br /> the ex�ess funds in accardance wi�h RESPA, �f there is a shortage of Funds held in escrow, as def�n�d under
<br /> RESPA, Lend�r shall n�t�fy Borr��ver as requir�d b� RESPA, and Borrov�rer sha�1 pay�o Lender the amount
<br /> nece�sary�o make up the shor�age�n accardance vvith RESPA, bu�in no more than 12 month��pa�men�s. �f
<br /> �here is a def�cienC��f Funds he�d�n escraw, as def�ned under RESPA, Lender sha�1 n�t�fy Borrovver a�
<br /> N�BRASKA-Single�amily-Fannie Ma�l�r�ddie Mac UN[�DRM 1N5TRUM�NT �arm 3D28'�1�1
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<br /> Wv[ters Kluwer�inancia!Ser�ic�s Page 5 of'�7
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