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2� 1 ��429�
<br /> An� appi�ca�ion af payments, insurance pr�ceeds, �r Misceiianeous Proceeds to pr�ncipal due under�he No�e
<br /> shal�not extend ar postpone the due da�e, or�han�e the amaunt, of�he Periodic Pa�ments.
<br /> 3. Funds f�r Escro��v Items. Borr�vWer shall pay�o Lender an the day Periodic Paymen�s are due under the
<br /> Note, un�i� �he Note�s pa�d in full, a sum�the "Funds") t�provide for payment of amou�ts due for: �a} taxes
<br /> and assessmen�s and other�tems which can attain priority over this Se�urity Instrument as a Iien or
<br /> encurn�ranc�on�he Prop�rty; �b� �easehold paym�nts or ground ren�s on the Pr�perty, �f an�; �c} prem�ums
<br /> for any and aI� insurance requ�red by Lender under S���ion 5; and �d} Mor�gage�nsurance premiums, if any,
<br /> or an� sums payable by Borrower to �.aend�r in��eu af�he paymen�of Mor�gage�nsurance premEiu�ns in
<br /> accordanc�with the provis�ons of Sec�ion 1 D. These��ems are calied "Escrav�a I��ms." At orig�na�ion ar a�
<br /> any tirne during�he�er�m of the L�an, Lender may �requ�re that Community Association Dues, Fe�s, and
<br /> Assessments, if an�, b�escrow�d by B�rrower, and such dues, fees and assessmen�s sha�l be an Escrow
<br /> ��em. Barro►�ver shal�pramptly furn�sh�o Lend�r a�� na�ices �f amoun�s ta be paid und�r this Sec��on.
<br /> Borrower shaii pay Lender�he Funds for Escra� ��ems unless Lender waives Borrawer's obiigat�on to pay
<br /> the Funds for any a�r a�l Escro�r �tems. Lender may u�a�ve Borrov�rer's ob��gat�on�a pa}�t� Lend�r Funds fflr
<br /> any or all Escr�� ��ems a�any�im�. Any such waiuer ma�only be in wri�ing. �n the even��f such v�raiver,
<br /> Borrovver shal�pay dir�c��y, v�hen and where payable, th�amounts due for an� Es�raw ��ern� for which
<br /> paym�nt of Funds ha�heen u�aiv�d h� Lender and, if L�nder requires, shai� furnish to Lender receipts
<br /> e�idenc�ng such paymen�within such time periad as L.�nder n�ay r�quire. Borrow�r's❑bliga�ion t� make
<br /> such payments and to provide receip�s sha�� f�r all purposes be dee�ned to be a covenant and a�reem�nt
<br /> contain�d �n�h�s S��uri�� �nstrument, as the phrase "co�enant and a�reemen�" is used in S�ct�on 9. �f
<br /> Borrower zs o�l�gated to pay Escrflw ��ems d�rec�l�, pursuant tfl a wa��er, and Borr��er faits �o pay the
<br /> amount due for an Escrow �tem, Lender ma��ex�rci�� i�s rights under S��tion 9 and pa� such amount and
<br /> Borravsrer shal�then be obi�ga�ed und�r Sectian g to r�pa� �a Lender any such amount. Lender may re�r�k�
<br /> th�wai�er as�� an� or all Es�raw Items a�an�t�me b� a not�ce given in accordance with Sec��on �S and,
<br /> upon such r��o�a�ion, Borrov�er shall pay to Lender aII Funds, and in such a�naun�s, �ha� are then required
<br /> under thi� Sec�ion 3.
<br /> Lender ma�, at an��ime, �ollect and hold Funds �n an amoun� �a} suf��icient �o perm�# �..�nder�o apply the
<br /> Funds a�the��m�specif�ed under RESPA, and�b} na�ta�xceed the ma�imum amount a l�nder can requir�
<br /> under RESPA. L�ender sha�l estimate�he amoun�af Funds due on�he basis�f current data and reasonable
<br /> estimates of e�penditures af future Escra�r ��ems or��her«ris� in accordan�e v�r�th App�icabie LavW.
<br /> The Funds shall�e h��d in an institut�on��hose depos��s are insured by a federal agency, instrumen�a�ity, or
<br /> ent��y�including Lend�r, if L�ender is an institution whose depos�ts are s� insured�ar�n any Federal Home
<br /> I.�an Bank, Lender shal� apply�h� Funds to pay�he Escraw Items no�a�er�han the time specif�ed under
<br /> RESPA. Lender shali n�t charge Borrov�er for ho�ding and appl}�ing the Funds, annua�l� ana�yz�ng th�
<br /> escrow accoun�, or ver�fyin��he Escrow It�ms, unless Lender pays Borrower interes�on�he Funds and
<br /> Applicable Lav�v permits Lender�o make such a charge. Unl�ss an agre�men�is made in vvr��ing or
<br /> App�icahle Law r�quires interest ta be pazd on the Funds, Lender shall not be requxred to pa� Borr�wer any
<br /> interest ar earnings on�he Funds. Bflrro�er and Lender can agree �n writing, hovvewer, that interest shall ��
<br /> pa�d on th�Funds. Lender shal�gi�e to Barrov�er, w�thout charge, an annual a�count�ng of�h�Funds as
<br /> required by RESPA.
<br /> �f there ��a surplus of Funds held i�escro�v, as d��ned under RESPA, Lender shall account to Borrower for
<br /> �he�xc�ss funds in accordance vv�th RESPA. If there �s a shar�age�f Funds h�id in escrow, a�defined under
<br /> RESPA, Lender sha11 no�ify Borrawer as required by RESPA, and Borro�er shall pa��o Lender the amount
<br /> necessary�o make up�he shor�age�n accardance v�r�th RESPA, but in no more than 12 monthl�r paymen�s. �f
<br /> �here�s a def�czency of Funds held in escrow, as de�n�d under RESPA, Lender sha�l notify Borro�ver as
<br /> N�BRASKA-5ir�gi�Family-�annie Mael�rEddi�Mac UNIFORM INSTRUMENT �orm 3d28 110�
<br /> VMP(i�; VMPfi�N�y{i 3023
<br /> Wolters Kluw�r Financial 5er�ices Page 5 of I7
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