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2� 1 ��358�
<br /> Any app�ica��on�f pa�men�s, insurance proceeds, �r Miscella��eous Praceeds�o princ�pa� due under th�Note
<br /> s�Zall not ext�nd�r p�s�p�ne�he due date, ar change the amoun�, af�h�Per�od�c Paym�nts.
<br /> 3. �`unds for�scraw Items. Barr�wer sha��pa��a L,ender on the day Per�odi� Payments are du�under the
<br /> N�tey until the No�e is pa�d �n fu�I, a sum(the "Funds"} to provide for pa�rment of am�unts due far: (a� tax�s
<br /> and assessments and �ther items vvhich can at�ain pr�ority a�er this 5ecur����nstrumen�as a Iien or
<br /> en�umb�rance�n�he Proper�y; �b} leasehald payrnen�s�r ground rents an�h�Proper�y, �f any; �c}prenliums
<br /> for an�and a�l xnsurance required b� Lender under Section 5; and �d� Mor�gage��surance premiums, if any,
<br /> �r any su�ms payab�e�y Borrower to Lender in lieu�f th�paym.en�af Mor�gag��nsurance prem�ums in
<br /> accflrdance vv��h the provis��ns of Section �D. These items are ca�ied "Escrov� �t�ms." A�originati�n�r a�
<br /> any�ime during�h.e�erm�f the L.�an, Lender ma�requ�r�that Commun�ty A�soc�a��nn Du�s, Fees, and
<br /> Asse�smentsy if any, be escro�red by B�rrower, and su�h dues, fees and assessrnen�s sha11 �e an Escrow
<br /> I�em, Borrower shal�promg��y furnish ta Llender aI� no���es of amounts to be paid und�r this Section.
<br /> Borrower sha�l pa� L.end�r the Funds for Escrow Items unless Lend�r waiv�s Borrov�rer's obligat�on�o pay
<br /> �he Funds f�r any or a11 Escrow �te�ns. Lender may wa�v�Borrower's ob��ga�inn�o pa�r�o L�nder Fu�nds for
<br /> an�r or all �scrow�tem�a�any tirr�e. Any�uch v�ai�ver may only be in wri�ing. �n the event af such wai��r,
<br /> Borrawer shall pay d�rectly, when and where pa�able, �he amounts due for any Escrow ���ms for which
<br /> paymen�of Fund�has�een wa�ved by Lender and, if Lender r�quires, shal� furnish�o Lender re�expts
<br /> evidencin� such paymen�w�th�n such�ime p�r��d as L�nder may require. Borrovver's ob�igation�a make
<br /> su�h payments and�o pro�i�e receipts s�a�l for a�i purpases be de�med to b�a co�venan�and agreemen�
<br /> con�a�ned�n th�s Secur�ty �nstrum�nt, as�he phrase "�avenan�and agreem�nt" is used in Sec��Qn 9. �f
<br /> Borr�wer is a�Iigated to pay Es�rovv �tems dir�ctly, pursuant�� a vva��er, and Borrovver fails��pay the
<br /> amount due for an Escrow �tem, Lender may e�ercise its rights u�d�r S�ct�on 9 and pay such arnoun�and
<br /> Borrawer sha��the�a be o��iga�ed under Section 9 to repay�o Lender any such amount. Lender rnay re���e
<br /> the waiv�r as to any�r a�� Escrow Item� a�any�inae by a notice gi�ren�n acc�rdan�e w�th Sect�on 15 ar�d,
<br /> up�n suc�rev�ca�ion, Barrovver sha�l pa�to L�nder a�� Funds, and in suc�amounts, �hat are then required
<br /> ��������s 5����0�3.
<br /> Lender may, a�any�ime, co��e��and hald Funds �n an am�unt�a} suff�c�ent�o pernlit I.ender�o apply the
<br /> Funds at�he t�m�specified under RESPA, and�b}no�to exceed �he max�mum amoun�a�ender can require
<br /> un�er RESPA. Lender sha11 estima�e�he ajmaunt�f Funds due an the basis of curren�da�a and reasanable
<br /> es��ma�es of expenditures of future E�cr�w ��ems�r atherwise in accardance u�i�h Applicab�e Law.
<br /> The Funds sha1�be he�d�n an�ns�xtution whase depos��s are insured b�a federa� agency, ins�rumenta���y, �r
<br /> �nti�y �inciu�ing Lender, �f Lender is an�nstitu�ion whose deposits are so insur�d} ar�n any Federa� �3ome
<br /> L�an Bank. L.�nder shal� app�y th�Funds�o pay the Es�r�w �t�ms na �at�r�han�he time sp�cified under
<br /> RESPA. L.,�nder shal�not charg�Borrower far h�lding and app���ng�he Funds, annua�ly analyzing the
<br /> escrow accaunt, or�erxfy�ng the Escraw �tems, unless Lender pays B�rrower inter�st on th�Funds and
<br /> Appiicable Law permits Lend�r�o make�uch a charge. Unless an.agreemen�is made�n wri�ing or
<br /> Applx�a��e Law requires in�erest ta be pa�d on�he Funds, Lender shall nat be requir�d�o pay Borrower any
<br /> interes��r earnxngs�n�h�Funds. B��rawer ar�d Le�der can agre�in wr��ing, howe�ery �hat int�res�sha��be
<br /> pa�d an the Funds. L�nder shall give�o Borrow�r, vvith�ut charge, an annua� ac�aun�ing�f��e Funds a�
<br /> requ�red by R�SPA.
<br /> If ther�is a surp�us of Funds�.e�d�n escrow, as def�ned under RESPA, Lender�ha�l account��Borr�wer for
<br /> the excess funds in acc�rdance v�r��h RESPA. �f there�s a�hortage of Funds held in escrow, as def�ned und�r
<br /> R�SPA, Lend�r sha�� noti�'y Barrower as requ�red b�RESPA, and Borrower shall pay�o Lend�r th�a�m�unt
<br /> necessary�o make up�h�shortage in accordan�e w�th RESPA, bu� �n no m�re than ��mon�hly pa�men�s. If
<br /> �h�re i� a defici�n�y of Funds he�d in escraw, as de�ned under RESPA, Lend�r sha11 no�ify Borrower as
<br /> NEBRASKA-Single FamiEy-�annie MaelFreddie Mac UNI�QRM INSTR�IMENT Farrn 3�28"f 1�1
<br /> VMP ►Q VMPfi(N�){13D2y
<br /> Watters Kluwer Fina�cia[Ser�ices Page 5 of�7
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