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2� 1 ��54�5
<br /> Any appl�ca��an af paymen�s, insurance proceeds, ar M�sce��aneous Proceeds to pr�n�ipa�due under the No�e
<br /> shaii not extend�r pos�p�ne�he due da�e, or change the amount, of�he Periodic Payments.
<br /> 3. Funds for�scrow I�erns. B�rrower sha��pay �o Lender on the day PeriodY� Payments are due under the
<br /> N���, u����� ��a����e is���d i�� full, �suz��.tt��e "Fu��d�"} �o���v�de for paymen��f an��unts�iue f�r: �a� ��xe�
<br /> and ass�ssments and other�tems whic� can a�tain prior�t�o��r this Securit� �nstrum�nt as a�ien or
<br /> encumbranc�an�he Proper�y; �b� �easehold pa�ments or ground rents on the Property, if any; �c�premiums
<br /> for an� and all �nsuran�e require�.by Lender under S�ct�on 5; and (d3 Mar�gage�nsurance premiums, �f any,
<br /> or an�r sums payable by Borrower to Lender�n I�eu�f the payment af Mortgage�nsurance premiums in
<br /> accordanc�v�i�h�he pro�isians of Sec�ian 1.�. These �tems are ca��ed "Escrow I�ems." At origznat�on ar at
<br /> any time duri�ng�he�erm of the Laan, Lender may requ�re�hat�ammuni�y Assacia�ion�ues, Fe�s, and
<br /> Assessments, if an�, be escrawed b�Borrawer, and such dues, fees and assessments shall b�an Escrow
<br /> Item. Borrov�rer shai�promptly furnish�o Lender al� not�ces of amoun�s to�e paid under th�s Sec�ion.
<br /> Borrower sha��pa� Lender�he Funds far Escrow Items unless Lender�vai�es Borrower's ob���a�ian to pa�
<br /> the Funds for any or a�� �scrow I�ems. Lender may wa�v�Borrovver's ab�igatian�o pay to Lender Funds for
<br /> an�or al� Escra�r Items a�an���me. Any such wa�ver ma�onl�be in writin�. In the e�ent of such v�raiver,
<br /> B�rrov�er shai�pay direc�ly, wh�n and where pa�abie, the amounts due for an� �scrav�r ��ems for v�rh�ch
<br /> pa�ment of Funds has been wai�ed by Lender and, if�ender requires, shall furn��h�o Lender receipts
<br /> e�idencing such pa�ment vcrithin such �im�per�od as Lender may require. Borrower's abl�gation�o make
<br /> such pa�rnents and��prov�de r�ceip�s shall for a�l purpflses be deemed to he a covenant and agreement
<br /> con�ained �n th�s Securit}� Instrumen�, as the phrase "covenant and agreemen�" is used �n Section 9. �f
<br /> Borrov�rer is obligated to pay Escro�r �tems d�rectly, pursuant�o a wai�er, and Bo�-rov��er fa�Is ta pay the
<br /> am�un�due for an�scrnvv Item, Lender ma�ex�rcise i�s righ�s under Sect�on� and p�� such amount and
<br /> Borrower shal� then be�b�iga�ed under Section 9 to r�pa�to Lender any such am�unt. Lender may revoke
<br /> th�wai�er as�� any or aII Escrow �tems at an}� time by a notice gi�en in accardan�e��r��h Section �5 and,
<br /> upQn such revoca��on, Borro�rer sha�l pa�to L�nder all Funds, and in such amaun�s, �hat are then r�quired
<br /> under this Sec���n 3.
<br /> L�nder may, a� an���me, collect and h�Id Funds in an amount �a} suf�ic�ent�o permit Lend�r to appl� the
<br /> Funds a�the time spec�f��d under RESPA, and �b} not �� e�c��d �he ma�imurn amount a lender can re�uire
<br /> under RESPA. L�nder sha�l est�mate th�amount of Funds due on the bas�s af current data and reasonab�e
<br /> est�mates af expend��ures of future Escrov� ���ms or�t�erwise in accordance�vi�h Applica��e Lavv.
<br /> The Funds shal� �e held in an in�t��ution v�hose deposits are insur�d b�a federal agency, ins�rumen�a�ity, or
<br /> �n�it� ��nc�udin� Lend�r, if L�nd�r is an�nstitu�ion who�e deposits ar�s� insured} or in any Federal �ome
<br /> Loan Bank. L.end�r shall apply the Funds to pay �he Escrow �tems no Iater�han�he time spec�f�ed urider
<br /> RESPA. Lender shal�no� charge Borrow�r for holdin�and apply�ng the Funds, annually analyzin� �he
<br /> escrovv acc�unt, or v�rif�ing�he Escrow �tems, un�ess Len�er pays Borrovver interes�on�he Funds and
<br /> Ap�lica�ie La�perm�ts Lender�� make such a charge. t�n�ess an agreem�nt �s made in writing ar
<br /> Applicab�e Law requires interest�o b�pa�d on�he Funds, L�nder shall not be requ�r�d�o pay Borrou�er any .
<br /> �n�eres�or earn�ngs an the Funds. Borrower and Lender can agree in wrzt�ng, h�wever, that inter�s�shall be
<br /> pa�d on the Funds. L.ender shal� ���re to Barrow�r, v�rithout charge, an annual accaun�ing af�he Funds as
<br /> requ�red��RESPA.
<br /> �f there is a surp�us of Funds held in escrow, as def�ned under RESPA, Lender shal� accoun�to Borrower for
<br /> the excess funds in accordance v�r��h RESPA. �f there is a shor�age af Funds he�d in escrow, as defined under
<br /> RESPA, Lender sha11 notify Borr�v�rer as required by RESPA, and Borrower s�al�pay to Lender the amount
<br /> necessary to make up�he shor�age in accordan�e vvi�h RESPA, �ut �n no more than �2 month�y payxnents. �f
<br /> there is a de�cien��of Funds held in escrovv, as d�f�ned und�r RESPA, Lender shall notify Borr�w�r as
<br /> NEBRASKA-5+ng1e FamiIy-Fanni�MaelFreddie Mac UNI�ORM lNSTR�MENT Form 30�8 1101
<br /> VMP� VMP6{NEJ��3D2)
<br /> W�Iters Kluwer Finaneia�5er�ices Page a❑f 17
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