|
2� 1 ���418
<br /> Any app�icat�on of payments, xnsurance proceeds, �r Miseellaneous Proceeds �o principal due under the No�e
<br /> shal� not extend or pos�p�ne the due date, ar change th�amoun�, of th� P�r�odi� Paym�nts.
<br /> 3. Funds fvr�scrow Items. Borrower sha��pay to Lender on th�day Per�od�c Payments are due under�he
<br /> N��e, unt���he Note is paid in full, a sum�the "Funds"} to pro��de far paymen�of amoun�s due far: �a} �a�es
<br /> and assessments and o�h�r item� v�hi�h can atta�n prior�ty over this Se�ur��y Instrumen�as a Iien or
<br /> �ncum�rance�n the Propert�; �b} leaseho�d payments or ground rents on�he Pr�per�y, �f any; �c}pr�miums
<br /> f�r any and a�� insurance r�quired by Lender under Sec�ian S; and �d} Mor�gage�nsurance premiums, if any,
<br /> or any sum�payab�e by B�rraw�r�a Lender in l�eu�f th�paymen�of Mor�gage�r�suranc�prem�i.ums �n
<br /> ac�ordanc�with the pravis�ons of Sect���. I�. These xtems are ca�led "Escrow I�ems." A�or�ginat�an or a�
<br /> any��me duri�.g�he�erm of the Loan, Lender ma� requ�re that�ommun��y Assoc�a�i�n Dues, Fees, and
<br /> Assessmen�s, if any, be�s�rowed by�orr��ver, and such dues, fe�s and asses�men�s sha��be an�scrow
<br /> �te�n. Borr�wer shall prflmptly furnish�o Lender alI not�ces of am�unts to be paid under th�s S�c�ion.
<br /> Borrower sha�l�ay Lender�he Funds for Escrow I�ems unless Lender waiv�s B�rr��v�r's ob��gation to pay
<br /> th�Funds for an�or all Escra� �tems, Lender may vvai�e Borrower's ob�igat�on�a pay to Lender Funds for
<br /> any or all Escrow ��en7s a�any�ime. An�su�h wa�ver ma�only be�n writing. �n the event�f such v�rai�er,
<br /> Borr�wer shal�pay d�rectly, when and where pa�ab�e, the amQun�s du�for an�r Escr�v� ��ems for�hi�h
<br /> paymen��f Funds has been wa�ved by L�nder and, if Lender requ�res, sha�� furn�sh�o Lender rece�p�s
<br /> �v�dencing such paymen�w��hin such t�me period as Lender may require. Borrower's abligat�on�o make
<br /> such�ayxnents and�a pr�vide re�eipts sha�� far all purposes be deemed�o be a c��enan�and agreement
<br /> c�n�ained�n th�s Security Ins�rument, as fhe phrase "co��nant and agr�ement" is used�n 5ec�ian 9. �f
<br /> Barrower is�b�igated ta pay Escrow Ztems dire��Iy, pursuant ta a wai�er, and Barro�er fa�ls to pay the
<br /> amount due f�r an Es�rov� �tem, Lender may ���rcise Xts rights under Sec��an 9 and pay such amoun�and
<br /> Borrflwer shal��en be obl�gate�.under Section 9 ta repay �o Lender any such amount. Lend�r may re�oke
<br /> the wai�er as�a an� or all Escro�v Item� a�any time b�a not�ce gi�en xn accordance�vi�h Section �5 and,
<br /> upon�uch revocat�on, Borrawer shali pay�a Lender a�l Funds, and in such amounts, tha�are then requ�red
<br /> under this Sect�on 3.
<br /> �...�nder may, at any�ime, coliect and hold Funds xn an amount�a} suff�cient�a pernzi�Lender t�appiy�h�
<br /> Funds a�the�ime speci�ed und�r RESPA, and (b� no�to exceed the maximum amoun�a lend�r can require
<br /> under RESPA. Lender shai� es�imate the arnaunt of Funds due on the basis of curren�data and reasona��e
<br /> estima�es af e�penditures of fix�ure Escro�v Ztems or atherwise in accordance�c�v�th Applicah�e Lav�.
<br /> The Funds sha�� be held in an institution v�hose depasi�s are insured�y a federal agency, insfrumentali�y, or
<br /> ent�ty �including Lender, if L�nder�s an�ns�itu�ion whase deposits are sa insured}�r�n any Federal H�me
<br /> Loan Bank. L.�nder sha�I apply the Funds�o pay the Escrow Items no later than�he time specified under
<br /> RESPA. Lender shall not charge Borrower for holding and applyxng the Funds, annua�ly ana�yz�ng the
<br /> escraw account, or�er�fying the Escr�w Items, unless Lender pays Barrower interes�an the Funds and
<br /> Applica�l�Law p�rmits Lend�r to rnake such a charge. I3nless an agre�ment is made in writing ar
<br /> Appl�ca��e Law requires interest�o be paid on�he Funds, Lender shal.l n�t be r�quired to pay Borrower any
<br /> in�erest�r earnings on the Funds. BorrovWer and Lender�an agre�ir�writing, hawever, that interest shal�be
<br /> paid on�he Funds. Lender shall give to Borrower, wi�haut charge, an annuaX accoun�ing of the Funds as
<br /> required hy RESPA.
<br /> �f�here is a surplus af Funds held �n�scrow, as de�ned under RESPA, Lender shal� account�o Borrawer for
<br /> �he��cess funds in accordance with RESPA. �f th�r�is a shor�age of Funds held �n escrow, as defined under
<br /> R�SPA, Lender sha��no��fy Borrower as requir�d�y RESPA, and Barrow�r sha11 pa�r ta Lender�he amoun�
<br /> n�ecessar�r�o make up the shor�age in accordan.ce�v��h RESPA, but xn no �nare than 1 Z mon�h��r pa�rmen�s. If
<br /> ��ere�s a d�f�c�ency of�unds held in escrow, as defin�d under RESPA, Lender�ha�l not�fy Borrawer as
<br /> NEB#�ASKA-Single Famity-Fannie MaelFreddie Mac UNfFQRM INSTRUMENT �orm 3fl28 i 1�1
<br /> VMP6tNEf(13n2j
<br /> VMPQ� Pa e5af�7
<br /> Wofters Kluwer Finar�ciat Ser�ices �
<br />
|