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2� 1 ��7432
<br /> Any app�iea�xon of paym�nts, �nsurance proceeds, or Misce�laneous Pr�ceeds to principa�due under the No�e
<br /> shall na�ex�end or p�s�pone�he du�dat�, or change the a�moun�, of�he Periadic Payments.
<br /> 3. Funds for Escrow I�ems. B�rrow�r sha11 pay to L.�nder on th�day Per�odi�Payments are du�under the
<br /> Note, un�il �he Not� is paid in fuil, a sum�the "Funds"� tfl pr�vide f�r pa�ment of amounts due far: �a} taxes
<br /> ar�d assessmen�s and a�her��ems wh�ch can attain pri�rity ov�r�his Se�ur�ty �nstrument as a iien or
<br /> encum�rance on�he Pr�perty; �b} �easeha�d payments or ground rents on�he Property, if any; �c}premium�
<br /> for any and all insuranc�requzred by L,ender under S�ction 5; and (d} Mortgage�nsurance premi.ums, if any,
<br /> �r any sums payabie by Barrawer�o L.ender in�i�u of�he paymen�of Mortgage Insurance premiums �n
<br /> accordance�rith the pr���sians�f S�ction ��. These��ems are�alied "Escro� Items." At or�ginat�an ar at
<br /> an�r t�me du�ing the term of the Loan, �nder ma�require that Community Associa�ion Dues, Fees, and
<br /> Assessments, if any, be escrov�ed by Borr�vver, and su�h dues, fees and assessmen�s shali be an Escrov�r
<br /> Item, Bvrrower shail prampt�y furn��h ta Lender ai�notices of amounts�o be pa�d under�h�s Sec�inn.
<br /> Borrovwer shal�pa� Lender��e Funds far Escrow ��ems unless L.ender waives Borro�ver's��l�ga�ion�o pay
<br /> the Funds f�r any ar a�� Escrow Items. Lender may waiv�Borrower's obligation to pay to Lender Funds for
<br /> any or a�� Escrov� Items a�an��ime. Any such wa��er may an�y be�n writing. �n the event�f such vvaiver,
<br /> Borrower sha�l pa�direct�y, wh�n and wher�pa�ab�e, �he amounts due for any Escrov� Itern� for whi�h
<br /> payment of Funds has been wa�ved by Lender and, if Lender requ�r�s, sha�1 furn�sh to L�nder receip�s
<br /> evidencing such payment wi�hin such tim��per�od as Lender may require. Borr�wer's obl�ga��on�a make
<br /> such pa�ments and to pro�ide receipts sha�I for al�purposes be deemed�o be a�o�enan�and agreement
<br /> contained in this Securi�y Instrument, as the phrase "ca�enan� and agreement" �s used in Sec�xon 9. �f
<br /> Borro�nrer is�b��ga�ed ta pay Escrow Items direct�y, pursuant �a a waiver, and Borrou�er fails to pay the
<br /> amoun�due for an Escraw �tem, Lender may e�.erc�se��s rights under S�ction 9 and pay such amount and
<br /> Borrower sha11 then be abl�ga�ed under Section 9�� repay�o Lender any su�h amount. L.er�der may re�oke
<br /> the vva��er as �o any or a�l Escrow I�ems a�any time by a no�ice g��en�n acc�rdance w��h S�ction 15 and,
<br /> upon such revacatian, Borrawer shall pay ta L�nder all Funds, and in such amaunts, �hat are then requir�d
<br /> under this Se�tion 3.
<br /> Lender may, at any time, colie�t and ho�d�unds in an am�unt �a} suff���ent to permi�L.ender to apply the
<br /> Funds a�the�ime speci�ed ur�der RESPA, and�b}no��o exceed�he maximum am�unt a�ender can require
<br /> under RESPA. L,ender shai��st�mate the amaunt of�unds du�on the�asis of current da�a and reasonable
<br /> est�ma�es of expend��ures af future�scr�w Zt�ms�r otherv�ise in accordance wi�h Applicable Law.
<br /> The Funds sha�l be held in ar�ins�i�uti�n whase depos��s are insured�y a federal agency, instrum�ntal�ty, or
<br /> entity �includ�ng Len�er, �f Lender is ar��nstituti�n whose deposits are so insur�d} or�n any Federai ���me
<br /> Loan Bank. Lender sha�l app��the Fund�ta pay th� Es�row ��ems na la�er�han�he�ime specified und�r
<br /> R��PA. Lender sha11 no�charge Borrawer f�r ho�d�ng and apply�ng the Funds, annua�ly ar�alyzing�he
<br /> escr�w accoun�, or verifying the Es�r�w �tems, un�ess Lender pays Borrov�rer in�eres�on the Funds and
<br /> Ap�licable Lavv permi�s Lender�a make such a c�iarge. Un�ess an agreement �s made in writ�n�ar
<br /> Appl�cable Law r�quires interest tio be paid on�he Funds, Lender sha11 n��be required to pay Borrower any
<br /> �n�eres�or earnings an the Funds. B�rrower and Lender can agree�n wr�ting, however, �hat in�erest sha�l be
<br /> pa�d an the Funds. Lender shall give to Barra�v�r, �vithou�charge, an annuai accoun��ng of�he Funds as
<br /> requ�red by RESPA,
<br /> �f there �s a surp�us af Funds h�ld �n escr�v�, as defined under R�SPA, Lender sha�l account ta Bnrr�wer for
<br /> �he excess funds in accordance with RESPA. �f there�s a shor�age�f Funds held in escr��v, as def�ned under
<br /> RESPA, Lender shall not�fy Borrower as required by RESPA, and Borr�w�r shall pay to L�ender the amount
<br /> necessar� to make up the shor�age in accordance w��h RESPA, bu� in no more�han �2 mfln�hly paymen�s, �f
<br /> there �s a defi�iency of Funds he�d in es�row, as def�n�d under RESPA, Lender shall natify Borrower as
<br /> NEBRASKA-Single Family-Fanr�ie MaelFreddie Mac EJNfFQRM INSTRUM�NT Fvrm 3��8�1a1
<br /> VMP QQ VMP�{N�}(13�2)
<br /> Wafters Kluwer Finan�ial 5er�ices Page 5 0�17
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