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2� 1 ��5149
<br /> Any application of paymen�s, insuran�e proceeds, or Misce�lan�ous Pr�ceeds�a principa� due und�r�he Note
<br /> sha�� no�extend�r pos�pon��he due da�e, ar change�he amaun�, of�he Per�odic Payments.
<br /> 3. Funds for Escrow Items. Bflrrower shal�pay�o Lender on the day Periodic Paymen�s are due under the
<br /> No�e, un�il the N�te is pa�d�n ful�, a sum��he "Funds"} to pr���de f�r paymen�af amounts due for: �a} taxes
<br /> and a�sessments and o�her items which can a��a�n pr�ority a�er th�s Security�ns�rumen�as a lien or
<br /> encum�brance an�he Proper�y; ��} �easehold pa�ments or ground ren�s an the Property, �f any; �c} premiurn.s
<br /> for an� and aI� insurance requ�red by L�nder under Sect�on 5; and �d} Mor�gage�risurance prem.xums, �f any,
<br /> or any surn�pa�a�le hy B�rrower to L�nder�n Iieu of the payment af Mor�gage�nsuranC�prerniums in
<br /> accordar�ce with the pra�xsions of Sect�on ��. These items are ca��ed "Es�r�w�tems." A�originati�n or a�
<br /> any�ime during the term af th�Loan, Lender may requ�re tha��timmunity Ass�cxatian Dues, Fees, and
<br /> Assessmen�s, if any, he escrov�red b� Borrovv�r, and such du�s, fe�s and assessm.en�s sha��be an��cr��
<br /> ��em. Borrovcrer sha��pro�np��y furnish�o Lender aIl na�ices of am�unts�o�e pa�d under�his 5�����n.
<br /> Borrower shall pay L�nder��.e Funds f�r Escrow ��ems unless Lend�r wa��es Borrower's ob��gation to pay
<br /> the Funds for an�ar a��Escrow �tems. Lender ma�r waive B�rrower's�bZ�ga�ion to pay�o Lender Funds for
<br /> any ar al� Es�rov� �tems at any�ime. Any such vWaiver may anly be in wri��ng. �n�he�vent of such wa�ver,
<br /> Barrov�er shall pa�r d�rec��y, when and v�here pa�ab�e, the amounts due for any Escrow ��ems for wh�ch
<br /> pa�rment of Funds has been v�raived b� Lender and, if Lender requires, shall furn�sh�a Lend�r r�ceipts
<br /> e�idenc�ng such pa�men�v�r�th�n such time period as Lender may requ�re. Borrower's�bl�ga�ian�o make
<br /> su�h pa�rnZe��s and�o p�ro��de rece�pts sha11 for a11 purposes b�deemed �o be a c�venant and agre�ment
<br /> conta�n�d in th�s Securi��Instrument, as the phrase "co�enant and agr�ement" xs used xn Se�tion 9. �f
<br /> Borr�wer�s obligated to�a� Escr�vv ��ems direc��y, pursuant to a wa���r, and Borrawer fa��s to pay the
<br /> am�unt due for an Escrovw ��em, I.ender ma�r exercise it� righ�s under Se��ion 9 and pa�such amount and
<br /> Borrower sha�i�hen be obligated under Section 9 to repay ta Lender any suCh amaunt. Lender may revoke
<br /> �he wa�v�r as�� any ar all Escrow ��ems a�any t�me�y a not�ce g��en�n accordance with Sec�ian 15 and,
<br /> upor�such revoca�ion, Borrower sha11 pay �o Lend�r alx Funds, and xn such amounts, �hat are then r�qu�red
<br /> under�h�s Section 3.
<br /> Lender may, at any time, coi�ect and h��d Funds in an amount�a} sufficien��o p�rm�t Lender to app�y�he
<br /> Funds a�the time speci�ed under RESPA, and�b�no��a exceed �he max�mum amount a lender can require
<br /> under RESPA, L�nder sha�l estimate�he amoun��f Funds due an the bas�s af current da�a and reasonable
<br /> estimates of exp�nditures flf future Escrow �tems�r otherw�se in accordance�vifh Applicable Law.
<br /> Th�Funds sha��b�h��d�n an�nsti�ution whose dep�si�� are insured by a federal agency, instrumen�aii�y, or
<br /> ent��� �includ�ng Lender, �f Lender is an insti�.ution whase deposits ar�so insured}�r�n any Federal Home
<br /> Loan Bank. Lender sha�� apply th�Funds ta pay�h�Escrow �tems no later than the�ime spec�fied under
<br /> RESPA. Lerider shall nat charge Barrower for ho�ding and applying�he Funds, annually anal�rz�ng the
<br /> escrow accoun�, or�erifying the Escrow Items, un�ess Lender pays Borrower interest on th� Funds a�d
<br /> Applicable Law pern�its Lender to make such a charge. tln�ess an agreemen��s made in v�ri��ng or
<br /> Applicable Law requires�nterest to b�pa�d on the Funds, L,ender sha11 n�t be requ�red to pay Borr�wer any
<br /> �nterest or earn�ngs on the Funds. Borrower and Lender can agree in writing, however, �hat interest shal�be
<br /> pa�d�n the Funds. Lender shall give t�Barrower, without charge, an annuai account�ng af�he Funds as
<br /> requ�red b�r RES PA.
<br /> �f there is a surplus of Funds heid in escrow, as defined und�r RESPA, L�nder sha�� acc�un�ta Barr��ver for
<br /> �he e�cess funds in accordanc�with RESPA. �f th�re is a shortag�of Funds held �n escra�v, as def�ned under
<br /> RESPA, Lender sha�l no�ify Borr�v�rer as required by RESPA, and Barraw�r shall pa��o Lender�he amoun�.
<br /> necessary to make up�he shor�age in accordance v��th RESPA, �ut in na more�han �.2 monthly payments. If
<br /> �h�r��s a d�fic�ency of�unds held in escr�w, as defined under RESPA, Lender sha11 notif� Borrower as
<br /> NEBRASKA-5ingte Farr�ily-Far�r�ie MaelFreddie Mac UNIFqRM INSTRUMENT Farm 3�28 11�1
<br /> VMP Q VMPfitNE)�'#3���
<br /> Wolters Kluwer Financia�Ser�ices Page 5 of�7
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