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2� 1 ��3972
<br /> Any applica�ion of paymen�s, insuran�e proceeds, �r M�sce��aneous Proce�ds to principal due under�he Nate
<br /> sha�� not extend ar postpon��h�du�date, or chang�the amoun�, of�he Per�odic Payments.
<br /> 3. Funds for Escrow Items. Borrower shali pay�o L.ender�n the day P�riodic Payments are due under�he
<br /> Note, unti� the Nate is paid �n full, a sum�the "Funds"}to pro��de for paymen�af amoun�s du�far: �a� taxes
<br /> and assessmen�s and other items which can a��ain pr�orit�over this 5ecurity�n�trumen� as a l�en or
<br /> encumbrance on�he Proper��r; �b} leasehold paym�n�s or ground rents on the Property, if any; �c}pr�miums
<br /> for any and all �nsurance required by Lender under Sect�on 5; and �d} Mor�gage�nsurance prem�ums, if any,
<br /> or any sums payab�e��r Borrawer�� Lender in Iieu of the paymen�of Mor�gage�nsuranc�premiums in
<br /> ac�ordanc�with�.e pravisions�f Section ��. These �tems are called "Escrow �tems." At ari��nat�on or at
<br /> an�r t�me during �h��erm nf th�I.,�an, L.�nder may require that C�mmun��y Assoc�at�on Dues, Fees, and
<br /> Ass�ssmen�s, �f any, be�scr�wed by Borrower, ar�d �u�h duess f��s and ass�ssment5 sha��be an Escrow
<br /> ��em. Borra�ver shall p�romp��y furnish�� Lender all no�ices�f amounts to be paid under this Sec�i�n,
<br /> B�rrower sha��pay Lender�he Funds for E�craul I�em�un�ess L..ender wa�ves Barrower's obii�ati�n ta pa�
<br /> �he Funds for an�ar all Escrow �tems. L.ender may v�a�ve Borrower's obl�gat�nn�o pay�o Lender Funds for
<br /> any ar aII Escro�v Items a�any�x�rne. Any such waiver may fln��be in wrxt�ng. In th�e�ent af such wai�er,
<br /> Borrav�►ler sha11 pay direc�l�, when and where payab�e, �he amoun�s due for an�r Escrav� ��ems for vvh�ch
<br /> pa�ment of Funds has been wai�ed by L�n�er andy if Lend�r requxr�s, shall furnish�o Lender rec�ipts
<br /> e�idencing such paymen�v�i�hin such�ime peri�d as Lender may requ�r�. Barrower's ob�iga�ion to make
<br /> such payments and�o pra�ide reCeipts sha11 f�r a��p�rp�ses be deemed to be a ca�enant and agreement
<br /> con�ained in this Security �nstrumen�, as the phrase "�o�enant and agreement" is used in Sec�ian 9. Zf
<br /> Borr�wer is obli�ated�o pay Es�row �tems direc�ly, pursuant t� a wa��er, and Borraw�r faiXs �o pay the
<br /> amaunt du�for an Escrow ��em, Lend�r may exercis�i�s righ�s und�r Section 9 and pay such amount and
<br /> Borrower shall �hen be obl�gated under Section 9 tn repay�o Lender any such amoun�. Lender may re�vake
<br /> the waiver as ta an�ar a1� Es�row �tems at an�time by a no�ic�given in accordance wi�h Section I S and,
<br /> upon such re�acation, Borrower sha�l pa�to Lender ax� Funds, and in such amounts, that are�hen required
<br /> under this 5�c�ion 3.
<br /> Lender may, at any�ime, co�Iect and hald Funds �n an amount�a} sufficient to perniit Lender to app�y�h.�
<br /> Funds at the time speci�ed under RESPA, and �b}nat�o e�ceed the max�mum amount a Iender can r�quire
<br /> under RESPA. L.ender sha�� estima�e the amount of Funds due on the�as�s of current da�a and r�asonable
<br /> es��mates of expend�tures of fu�ure Es�ro�nr Ztems or othe�-vvise in accardance with App��cable Law.
<br /> The Funds shall���.�1d in an ins�itu�ion whase depo��ts are insured b�a federa� agency, instrumentali�y, or
<br /> �n��ty �in�lud�ng L.ender, if Lend�r is an insti�ution�vhose depos�ts are s� �nsured� ar�n any Fe�.eral Home
<br /> I.oan Bank. Lender shall app�y the Funds to pa�the Escro�v Items n� �ater than�he tim�specified under
<br /> RESPA. Lender sha11 not charge B�rravver far halding and app�ying the Funds, a.�.ual�y ana�yz�ng the
<br /> escrow account, ar ver�fying the�scrow �tems, unless Lender pays Borr�wer�nteres�on�h� Funds and
<br /> Appl�cable Law permi�s L.�nder to make such a c�.arge. Un�ess an agre�men���made in wri�ing or
<br /> App��cabie Law requires �n�erest to be paid on the Funds, L�nder shail not be required to pay Borrower an�
<br /> interest or earnings on�he Funds. Borrower and Lender can agree in wri�ing, hov�►le�er, that interes�sha11 be
<br /> paid on the Funds. Lender shali g�ve�o Borrower, wi�hou�charge, an annuai accounting of the Funds as
<br /> required b� RESPA.
<br /> If�here is a surplus of Funds he�d in escrflw, as def�ned under RESPA, Lender shall accoun� ta Borra�ver for
<br /> the exc�ss funds in accardance w�th RESPA. �f�here �s a shor�age of Funds held in escro�, as de�ned under
<br /> RESPA, Lender sha�� notify Borrow�r as requ�red hy RESPA, and Borrower shaii pay to Lender the amaunt
<br /> necessary�o make up �he shartage in accordance with RESPA, but in no more than 12 monthly paymen�s. If
<br /> there is a de�cxency❑f Funds held �n escrow, as def�n�d under RESPA, L.�nder shall na�ify Barrower as
<br /> N�BRASKA-Single Family-Fannie MaelFreddfe Mac UNIFaRM INSTRUMENT �arm 3028 i 101
<br /> VMP[a] VMPfi�NES�1342J
<br /> Wolters Kluwer�ir�ancial Ser�ices Page 5 af 17
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