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2� 1 ��58�8
<br /> Any appiication of paymen�s, insurance proceeds, or Misc��laneous Proceeds to principai due under the No�e
<br /> shail not��tend or pastpone th�due da�e, or change�he amaun�, of�h�P�riodi� Pa�ments.
<br /> 3. �'unds for Escrow Items. Borra�er sha�l pay t� Lender an the da� Per�od�c Paymen�s are due under the
<br /> Note, unt�l the Note is�aid �n fuii, a su�a�.��he "Funds"} �o pro�ide for payment of amounts due f�r: �a�ta�es
<br /> and a��essments and other i�e�s which can a�tain prior���aver this Secur��y �nstrument as a�i�n or
<br /> encuxn�ranc�on th�Praper��r; �b}leasehold payments or graund rents an�he Prap�rty, if any; �c}prem�ums
<br /> for any and a�l insurance r�qu�r�d�y Le�.der under S�ct�on S; and �d) Mar�gage�nsuranc�premiums, �f any,
<br /> ar an�sums payabie�y Borrower to L�nder in Iieu of�he paymen�of Mor��age�nsurance premiums �n
<br /> accardanc�w��h the pr��isions of Section ��. These items are ca��ed "Escrov� �tems." At orxg�na��on or a�
<br /> any�ime dur�ng the term af�he Loan, Lender may require that Commun��y Assoc�atian Dues, Fees, and
<br /> Assessmen�s, if an�, be escr�w�d by B�rrower, and such dues, fees and assessm�n�s shall be an Escraw
<br /> Item. Borr�wer shali�romp��y furnish t� Lender ai� natices af arnounts�o be paid und�r this Sect�on.
<br /> Barrow�r shall pay Lender the Funds for Escrow �tems un�ess L�nder waives Borravwer's obligat�an��pay
<br /> �he Funds fQr any or a�� Escravcr �tems. Lender m.ay vva��e Borrow�r's oh�igation�o pa��o Lender Funds for
<br /> any or all Escr�w ��ems a�any t�me. Any such waiver mi.ay only be�n wr���ng. �n the e�ent of�uch v�aiver,
<br /> Borrower shall pay directly, when and wher�pa�able, the amounfs due for any Escrow I�ems f�r�vh�ch
<br /> paymen�of Funds has been waived by Lender and, �f L�nder requ�res, shall furn�sh�o Lender receipts
<br /> ev�dencing su�h pa�ment w�thin such�ime per�od as Lender ma�requir�. Barrower's obligatian to make
<br /> such payments and ta pro�ide receip�s shall far a11 purposes be deenaed ta be a�o�renant and agreement
<br /> contained in�hxs Securi�y Znstrumen�, as the phrase "co�enant and agreement" xs used in Sec�ion 9, If
<br /> Barrawer is ob�igated to pay Escrow Items dire��i�, pursuan�to a wa�ver, and Borrower fails�o pay the
<br /> amaunt due for an Escrow ��em, L.ender may exerc�se its rights under 5ection 9 and pay such amaunt and
<br /> Borr�v�rer shall then be a�l�ga�ed und�r Section 9 ta repay��I...�nder any such amount. L�nder may reWoke
<br /> the waiver as to any or a�1 Escrow It�ms at an�time by a na�ice given �n accardanCe with Sect�an i 5 and,
<br /> upon such re�roca�ion, Borrovver sha11 pay�� Lend�r a11 Funds, and in such amounts, �ha� are then required
<br /> under th�s 5�c�xon 3.
<br /> Lender may, at any time, co�lect and hold Funds in an amflunt�a} suf�cient t�permit Lender to apply th�
<br /> Funds at the�im�sp�cified under RESPA, and �b}not to e�ceed the maximum amount a�end�r can require
<br /> under RESPA. L.ender shal� estimate the amaunt�f Funds due on the basis of current da�a and reas�nable
<br /> est�ma��s af e�penditures of future Escrovv I�ems or o�herwis�in accordane�w�th Applicable Law.
<br /> The Funds sha�� be held in ar�insti�ut�an vvhose depasits are�nsured b�a federal agenc�, instrumen�a�ity, or
<br /> entity�includ�ng L.ender, if Lender�s an institution whose depas��s are sa �nsured� or in any Federal Home
<br /> Loan Bank. Lender sha�� app�y th.e Funds to pay the Escrow I�ems no la�er than th�time specified under
<br /> RESPA. L�nder sha�l not charge Borrawer for hold�ng and app�ying�he Funds, annuali� ana�yzing the
<br /> escrovw account, or�erifying the Escraw I��ms, un�ess Lender pa�s Borrovv�r in�.�rest on�he Funds and
<br /> App�icable Law perm��s Lender to make such a�harge, L3n�ess an agreemen�is made in vWriting or
<br /> Applicable Law requires in�er�st t�be paid�n the Funds, Lender shall not be required t�pay Borrower any
<br /> in��rest or earn�ngs fln the Funds. Borr�wer and Lender�an agree�n wr�ting, hQv�rever, �ha� interest shali be
<br /> pa�d on the Funds. I.�nder shal�g�ve ta Borrower, w��hout charge, an annual accounting of�he Funds as
<br /> required by R.ESPA.
<br /> If there�s a surplus of Funds h��d in escrow, as de�ned under RESPA, Lender shal� accaunt to Barrower for
<br /> the excess funds �n accardance w�th RESPA, �f�here is a shor�age of Funds h�ld in es�rnv�, as de�ned under
<br /> RESPA, Lender sha�� notify Borrower as required�y RESPA, and Borrau�er shail pay to Lender the am�un�
<br /> necessar��a make up the shartage xn accordance w�th RESPA, bu� in no mnre than �2 m�nth�y payments. Xf
<br /> there �s a def�ciency of Funds held in�scrow, a� de�ned under RESPA, Lender sha�I no�ify Borrower as
<br /> NEBRASKA-Singie Family-Fannie MaelFreddie Mac UNIFORM INSTRUM�NT Forrn 342$110�
<br /> VMP Q VMP6{NEy[1 3�2y
<br /> Wvlters Ktuwer Financ+al Ser�ices Page 5 of 17
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