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2� 1 ���� 15
<br /> Any app�icatian of pa�men�s, insurance proc��ds, or Miscel�aneaus Pro�eeds�o princ�pal due under�he Nflte
<br /> shali �aa���tend or postpnne�he due dat�, or�hange th�amaun�, af�he Per�od�c Faymen�s.
<br /> 3. Funds for�scrow Ite�ms. Borrovver shall pay to Lend�r on the day Periodic Pa�ments are due under the
<br /> Nate, un��l the N'o�e �s paid in full, a sum��he "Funds"� to pro�ide for payment of amounts due for: �a} �axes
<br /> and assessments and other items which can attain priori�� over this S�curity Instrument as a Iien or
<br /> encumbrance on the Proper�y; (b} Ieaseho�d pa�ments or ground r�nts on�he Proper�y, �f any; �c} premiums
<br /> f�r any and aI� insurance requ�red by Lender under Se�t�on 5; and �d} Mor��age�nsurance premiums, if any,
<br /> �r any sums payab�e b�r Bflrrower ta Lender in lieu of�he payment of Mortgage�nsurance premiums in
<br /> accordance wi�h �he pro�isions of Section ��. These items are called "Escrov�r It�ms." At originati�n�r a�
<br /> any time dur�ng �he�erm�f the I�an, Lender may requ�re that Cnm.mun�t� Assoc�ati�n Du�s, Fees, and
<br /> Ass�ssm�en�s, if any, be escrowed by Borrower, and such dues, f��s and assessm�nts shail be an Escrow
<br /> �tem. Barrov�er shal�pramp�ly furnish�o Lender all no�ices of amounts to be paid under this �ection.
<br /> Borrower shall pay L.�nder the Funds for Escrov�r ��ems unless Lender wa�ves Borrflwer's obiiga�ion�o pay
<br /> �he Funds for any�r ail Escrow �tems. Lender may wai�re Borro�ver's ob���ation��pa�to Lender Funds for
<br /> any or aI� Escrovv ��ems a� any��me. An}� such wai��r may only be in v�rri�ing. �n�h���en�of such�a��er,
<br /> Borrov�er shall pa�dire���y, v�rhen and v�vh�re payable, the amounts due for an� Es�row I�ems f�r wh�ch
<br /> payment�f Funds has been�va��ed b� Lender and, if Lender requ�r�s, sha�l furn�sh t� Lender receip�s
<br /> e�iden��n� such pa�m.en�v►ri�hin su�h�ime p�riod as I.�nder ma� require. Borro�er's obiiga��on to rnake
<br /> su�h pa�ments and to pr�vide receip�s shal� for a11 purposes be deemed ta be a�o��nan�and agr�em�nt
<br /> con�ained in this S�curi�y Ins�rument, as the phrase "couenant and agreement" is used �n S�c�ion 9. I#`
<br /> Borro�er�s ob�igat�d�o pay EscrovW ��ems direc��y, pursuant�a a vva���r, and Borrower fails �a pa��he
<br /> amnunt due far an Escro� It�m, Lender ma�r exercise��s rights unde�5ection 9 and pa�such amount and
<br /> Borrower shai� then be obl igated und�r Sectian 9 �o repay �a L.ender any such amaun�. Lender ma� r��oke
<br /> the�uai��er as ta any or all Escro��v �tems at an�r t�me hy a notic��iven �n acc�rdance v��ith Sec�ian 1� and,
<br /> upon such revocat�on, B�rrow�r shall pay to L�ender a�l Funds, and �n such amaunts, that are then requ�red
<br /> under this �ection 3.
<br /> Lender may, at any time, collec�and hald Funds in an am�un� �a} suffi�ient �o perm��Lender ta appl� the
<br /> Funds at the time specif�ed und�r RESPA, and �b} no�to exc��d the maximum amoun� a Iender can requ�re
<br /> under RESPA. Lender sha�l es�imate the amount of Funds du�on the basis of current data and reasonabl�
<br /> est�ma�es of expenditures of futur� Escrow Items or othervUise in accordance���h Applicable Law.
<br /> The Funds shall be held in an�ns�itution whose depos�ts are insured��a federal agency, instrumental�ty, or
<br /> entity ��nc�ud�n� Lender, �f Lender is an inst�tu��on whose deposi�s are so insur�d� ar�n any Federal Home
<br /> Loan Bank. L�nder shall apply�he Funds �� pa��he E�crovv Items no later than the t�me s��cifi�d under
<br /> RE�PA. Lender shaii not charge Borrovwer for halding and app�ying�he Funds, annual��ana�y�ing the
<br /> escrow accoun�, or ver�fy�n��h�Escrow Items, unl�ss Lend�r pays Borrov�rer interest�n the Funds and
<br /> App�icabie Law perm��s L,ender to mak�such a charge. Unless an ag�-eemen�is made�n writzng or
<br /> Applicable Law requires interest��be paid�n th�Fu�ds, Lend�r shall not be required t�pay Borrov�er any �
<br /> in�erest�r�arnings on the Funds. Borrower and I�ender can agree �n wr�tin�, howe�er, �hat in�erest shai�be
<br /> paid on�he Funds. Lender shall g����a Borra�ver, withou�charge, an annua�accounting af the Funds as
<br /> r�quired by R�SPA.
<br /> If there is a surplus of Funds held in e�crow, as de��n�d under RESPA, L,ender shail ac�oun�t� Borrow�r for
<br /> th�excess funds in ac�ardance���h RESPA. �f there is a shortage of Funds he�d in escro�r, as defined under �
<br /> R�SPA, Lender shall notify Borrower as required by RESPA, and Borrow�r shail pay to L.�nder�he a�naun�
<br /> ne��ssary t�make up �he shor�age�n accordance wi�h RESPA, bu� �n n�more�han 1�monthly paymen�s. �f �
<br /> �here is a d��icienc�of Funds he�d�n escr�w, as defined under RESPA, L.ender sha11 n�tif�Borrou�er as
<br /> NEBRASKA-5ing�e Family-�anni�MaelFreddie Mac UNtF�RM INSTRUMENT �arm 3028 i 1�1
<br /> VMP Q VMPfi{NEj[1302}
<br /> Walters Kluw�r Fir�ancia!S�r�ic�s Pag�5 of 7 7
<br /> ��a
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