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2� 1 ��5214
<br /> Any appl�cation of paymen�s, insurance proceeds, o�Miscellaneous Proceeds�a pr�nc�pal du�under th�N���
<br /> sha��no�e�tend or pos�pflne�he du�da�e, �r chang�the amount, of�he Periad�c Payments.
<br /> 3. Funds for�scrow Items. B�rrower sha��pa�t� Lerider on the day Period�c Fayments are due under t�e
<br /> Note, un�i�the Note�s paid in fui�, a s�m�the "Funds"} �o prov�de for paymen�of amaunts due far: �a)taxes
<br /> and assessmen�s and other items w�i�h can attain priorit� a�er�his Security�nstrumen�as a�ien�r
<br /> encUm�rance�n�h�Property; ��}Ieas�hold paym.en�s or ground rents on�he Property, if any; �c}premi.ums
<br /> fflr an�r and al1 �nsurance required b�Lender under Sec�ion 5; and td} Mortgag��nsurance premiums, if an�,
<br /> or any sums payable�y B�rrawer t� L�nder in lieu of�he paymen��f M�r�gage�nsurance premiums �n
<br /> accordan��wi�h the prov�sians of Se��i�n 1D. These��ems are ca���d "Escrow �tems." A��rig�na�ion or a�
<br /> any tim�dur�ng the�erm of the Laan, Lender may rec�uire�hat��mmuni�y Associat�on Dues, Fees, and
<br /> Ass�ssmen�s, �f any, be es�rawed by B�rrov�er, and�uch dues, fe�s and assessm�n�s shai�be an Escrow
<br /> ��em. Borrower sha��pramptl�furnish�o Lender a�� notices of arnoun�s to be paid under�hi� Sect�an,
<br /> Barrower shal�pa�r L,�nd�r�he Funds for�scrov� �tems un�ess L.�nder waives Borr�wer's ob��gat�an to �ay
<br /> the Funds for any or a�� Escrow �tems. Lender ma�wa�ve Borrawer's oh�igat�on�o pa�r�a I...�nder Funds for
<br /> any or a�l Escrow Items a�any t�me. Any su�h waiver may only be in wr��.�ng. In�he event of such wa�v�r,
<br /> Borrower sha��pay direc���, when and where paya���, the amoun�s due far any Escraw Iten�s f�r wh�ch
<br /> payme�t of Funds has been�va��ed b� Lender and, if L�nder requires, sha�l fixrnish�o Lender receipts
<br /> evide�.c�ng such paym�n�wi�hin such�ime period as L�nder may requ�re. Borr��ver's obliga��on�o make
<br /> such paym.en�s and�a pro�ide receipts shall for a11 purpases�e deemed�o be a c��enan�and agreement
<br /> contain�d �n this Security�ns�rument, as the phrase "c�venan�and a�reement" is used in Sec�ion 9. If
<br /> Borrawer�s obliga��d to pay Escraw Items d�rec�ly, pursuan��o a vvaiver, and Borraw�r fai�s�o pay the
<br /> amoun�due for an Escrow �tem, Lender ma�r �xerc�se its rights under S�c�ion 9 and pa�r such amount ar�d
<br /> Borrower shal� then b�ab��gated under Se�tian 9 ta repay to L�nder any such amoun�. Lender may r�voke
<br /> �h�waiv�r as�o an�r or a1i Escraw Items at any time by a not�ce gi�en �n acGardance with Se�tion �5 and,
<br /> upon such revoca�ian, Borrower shall pay�� Lender ali Funds, and in such amounts, that are then required
<br /> u�de�r���s SectiQn 3,
<br /> Lender ma�, at any�ime, cvllec�and hQl�. Funds in an amnunt�a} suff�cient to permit Lender to appiy the
<br /> Funds at the time specified under RESPA, and �b} no�to ex�eed the maximum amount a lender can require
<br /> under RESPA. Lender shal�est�mate the amoun�of Funds due�n th�basis of curren�data and r�asonable
<br /> es��mates af expenditures�f future Escrow �tems or otherwise in accardance w��h Applicable Law.
<br /> The Funds sha�i be h��d in an institu��on u�hose depos��s �re ins«r�c� �y a fed�ral agency, instrumentaii�.�, or
<br /> entity �inciud�ng Lender, if L,ender�s an instx�ution�rhose deposi�s are so insured} or in an�Federa� Hame
<br /> Loan Bank. Lender shal� apply the Funds to pay the Escraw �tems na Iater than the�ime specif�ed under
<br /> RESPA. L�nder sha11 n�t charge Borrower far holding and applying the Funds, annua�ly ana�yzing the
<br /> escrow accoun�, ar�rer�fy�ng�he Escrow Y�ems, unless L�nder pays Barrav�rer interes�on the Funds and
<br /> Appiicable Law permits Lender to make such a�harge. Un�ess an agreement is made in writing ar
<br /> Applica�le Law requires interest�o be pa�d on the Funds, I.�nder shall not be requir�d ta pay Borrower any
<br /> in�erest or earn�ngs on the Funds. Borrower and Lender can agr�e in writ�ng, howe�er, that interest sha�i b�
<br /> paid an the Funds. Lender sha11 gi�e to Borrower, �ithout charge, an annua� accounting�f the Funds as
<br /> requ�red��R ESPA.
<br /> �f�here is a surp�us of Funds held�n escrow, as defined under RESPA, Lend�r shall accaun��o Bnrr�wer for
<br /> the e�cess funds in accordance wi�.h RESPA. �f there is a shor�ag�of Funds held in es�r�w, as def�ned under
<br /> RESPA, Lender sha11 r�otify Barr�w�r as requxred ��r RESPA, and Borrower sha11 pay t�Lender�he amoun�
<br /> necessary t�make up the shortage in accordance w��h RESPA, but in na mar�than �2 month��r paymen�s. �f
<br /> �here is a deficiency of Funds heid in escrow, as def�ned under RESPA, Lend�r sha�� na�ify Borrower as
<br /> N�BRASKA-Singl�Famiiy-Fannie MaeJ�reddie Mac UNIF�RM 1NSTRUMENT �orm 30�8'f 10't
<br /> VMP(�]
<br /> VMPfi�NE}��3�Z�
<br /> Walt�rs Kluwer Financial 5er�ic�s Page 5 of 17
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