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2� 1 ��3477
<br /> Any app�ica��on of payments, insurance proceeds, or M�scellaneous P�-oc�eds to princ�pa� due under�he Note
<br /> sha�I no�e��end or pastp�n��he due dat�, or�han�e�he amflun�, �f the P�ri�dic Payments.
<br /> 3. Funds for Es�row Items. Borrower sha��pay �o Lender on the day Per�od�c Payments are du�under�he
<br /> Na�e, unt�I�he Nfl�e�s paxd in fu1i, a surn(�he "Funds"� to provid�for payment of a�mounts du�for: �a�ta�es
<br /> and assessments and o�her��ems v�hich can attain pr�ari�y o�ver this S��urity �ns�rumen�as a lien or
<br /> encumbrance�n the Prflperty; �b} �easeh�id payrnents or ground rents on�he Property, if any; �c}prerniums
<br /> for any an�.al� �nsuran�e r�qu�red by Lender under Sect�on 5; and�d} Mortgage�nsuran�e premiums, �f any,
<br /> or any sums payab�e by Borrovver�o Lender in�ieu�f the pa�men�of Mor�gag��nsu�ran�e prem�ums in
<br /> ac�ordan�e w��h the provisions of Sect�an ��. These��ems are call�d "Es�rovv ���ms." A�ar�gination or a�
<br /> any�im.e durin�the term of the Laan, Lender may requ�re tha�Communrty Ass���ation Dues, Fees, and
<br /> Asse�sm�n�s, if any, �e escraw�d by Barrawer, and such dues, f�e� and assessmen�s shali be an Escro�v
<br /> I�em. Borrower sha.Il promp�iy furn�sh to Lender a�l no�ices af amaun�s �Q be paid under�his Sec�ion.
<br /> Borraw�r sha11 pay Lender the Funds far Escraw ��ems unless Lender waives Borrawer's a��iga��on�o pay
<br /> �he Funds f�r any�r a�� Escrow �t�ms. I.ender rr�ay wazve Borrower's obligation to pay to Lend�r Funds for
<br /> an�ar a�� Escraw I�ems a�an�r�xm�. An�such waiver ma�r only be in wri��ng. �n the even�flf such wa�ver,
<br /> Borr�v�er shali pay directly, v�hen and v�rhere payab�e, the amounts due for any Escrow I�ems for wh�ch
<br /> payment of Funds has been wai�ed by Lender and, �f Lender requires, sha11 furnish to Lender receip�s
<br /> evi�.encing su�h pa�rmen�vvx�hin such�ime period as Lender may r�quire. Borrower's ob�iga�inn�o make
<br /> such paymen�s and to pro�ide receip�s shali for a1i purposes be de�med to be a cavenant and agr�emen�
<br /> contained in th�s Securit�Instrumen�, as the phrase "cavenant and agreement" is us�d in Sect�on 9. If
<br /> Borrower is ob1��a�ed to pay Escraw Items d�rec��y, pursuant to a wai�r�r, an�.Barrower faiis to pa�the
<br /> amoun�due far an Escraw ��exn, Ilender ma�exercise��s rzghts under Sect�on 9 and pa�su�h amount and
<br /> �orrower shall �hen be��liga�ed under Sec�ian 9 to repay ta L�nd�r any such am�unt. Lender may re��ke
<br /> �he waiver as�a ar�y vr ai� Escraw Ite�ms at any time b� a natice g��en�n accordan��wi�h�ec�ion �5 and,
<br /> upon such re�vacat�an, Borrower sha�l pay to Lender aii Funds, and in such amoun�s, tha�are th�n requ�red
<br /> u�.der�h�s Sect�an 3.
<br /> Lender may, a�any time, c��lect and hold Funds �n an amoun� �a} suffxc�ent�o permi.�Lender to a�p�y�he
<br /> Funds at th�t�m.e spec�f�ed und�r RESPA, and �b} n�t�o exceed the max�mum amoun�a lender�an require
<br /> under R.�SPA. Lender shall es�ima�e�h�am�unt of Funds due on th�basis of curren�da�a and reasonable
<br /> e�timates of e�pendi�ures af future Escrow �tems ar otherw�se�n accordanc�w�th Applicable Law.
<br /> The Funds sha1�be he�d xn an�ns�i�u�ion whose deposits are insur�d by a fed�ral agen�y, �nstrumental��y, flr
<br /> e�tity �inc�ud�ng I.ender, if Lender�s an instituti�n v�hose depas�t� are s��nsured} or in any Fed�ral Home
<br /> Laan Ban.k. Lender sha�l app�y�he Funds�o pay�he Escrow ��ems no later than the time specified under
<br /> R.�SPA. Lend�r sha�l nat charge Barrower f�r holding and applying the Funds, annuall�ana��rz�ng�he
<br /> escr�w account, or�erif�ing�h�Escrovv ��ems, unless L�nder pa�s Borrower interest on�he Funds and
<br /> Appiicable Law perm�ts L.ender�a make suc�.a charge. Uniess an agre�ment is made�n writ�ng or
<br /> Appl�cab�� Law requxres �n�erest�o be paid on�he�unds, Lender sha11 nat be requ�red to pay B�rr�wer any
<br /> xn�eres�or�arn�ngs on the Funds. Borrov�er and Lender can agree in wri��n�, however, �ha�xnterest shaii be
<br /> pa�d�n�he Funds. I�c:nder sha�� g�ve to Borrower, vwi�hou��harge, a.n annua� accounting of�he Funds as
<br /> required�y�ESP'�.
<br /> �f�here is a surplus of�unds he�d in escrow, as de�ned under R�SPA, Lender shall acc�un��o Barra�rer for
<br /> �he exc�ss fund��n ac�ordanc�with�ESPA. If#here is a sh�r�age of Funds heid in es�row, as de�n�d under
<br /> R�SPA, L�nder shali no�ify Borrower as required by RESPA, an�.Borro�rer shali pay to Lender�he amoun�
<br /> necessary to ma�Ce up the shortag��n accardance wi�h RESPA, �ut in na�rnore than ��man�h��r paymen�s. If
<br /> there is a de�ciency af Fur�ds he�d in es�r��u, as def�ned under RESPA, Lender shal� no�ify Borrower as
<br /> N�BRASKA-5ingle�amily-�annie MaelFredd'€e Mac UNIFDRM INSTRUMENT Form 3�2$'E 10'i
<br /> VM'P� VMPfi[N�y(1302)
<br /> Walters Kluwer Financia�5er�i��s Page 5 vf 17
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