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2� 1 ��8�72
<br /> Any applicat�an of pa�rments, �nsurar�ce proceeds, or Miscellaneous Praceeds �o princ�pa�due under�h� No�e
<br /> shall no�e�tend ar postpone the due dat�, �r change�h�amoun�, of the Per�od�c Payment5.
<br /> 3. Funds for Escro►w Items. Barrow�r�hal�pay �o Le�der on the day Periodic Paymen�s are due under�h�
<br /> Not�, untii the Not� xs paid in fu�l, a sum�the "Funds"�to prov�de for payment af amoun�s due for: �a} �axes
<br /> and assessments and��her i�ems wh�ch can attain prior�ty�ver th�s Secur�ty �ns�rumen�as a lien or
<br /> encumbrance�n the Proper�y; (b} leasehoZd payme��s or�rtiund rents�n the Property, if any; �C}pr�m�.ums
<br /> for any and all insuran�e requ�red by L.�nd�r under Sect�nn 5; and�d} Mor�gage Insurance prem�ums, ��any,
<br /> �r any sums paya��e��Borrower�o Lender�n�ieu af�he paymen�flf Mor�gage Insuranc�prem.�ums �n
<br /> accordance vw�th the pr�visinns of Sect�on ��. These iterns are�a�led "Escrow ��ems." At origination or at
<br /> any t�me durxng the term Qf the L.aan, L,�nder may r�quire that�ommuni�� Assn��ation Dues, Fees, and
<br /> Assessmenfs, if any, be escrowed by Borrower, and such dues, fees and assessm.en�s shall be an Escr�w
<br /> I�em. Borrav�er shall promp��y furnish ta Lender a��notxces af am.ounts to be paid under th�s Sec��on.
<br /> Barrower sha�i pay Lender the Funds for�s�rov� ��ems un�e�s Lender v�aives Borrower's ob�igation�o pay
<br /> �he Funds for an�or all Escrow ��ems. L,ender may v�aive Borrawer's abligation to pay�o Lender Funds far
<br /> any or all Escrow �tems at any��me. Any�uch v�ai�er may only b�in wr��ing. In�he e�en�of such wax�er,
<br /> Borrower sha��pay direc��y, when and where paya���, th�am�un�s due for any Escrow Ytems for wh��h
<br /> paymen��f Funds has been�vaived b�r Lender and, if L.�nder requires, sha�I furnish t� Lender receipts
<br /> evidencing such payment�vithin such�ime per�od as Lender may require. Borrawer's o�iigatian�o make
<br /> such paymen�s and �o�ro�id�receipts shai� for a11 purpnses be deemed to be a co�renant and agreemen�
<br /> �ontained xn this Security �nstrument, as the phrase "covenant and a�reement" is used in Sect�on 9. �f
<br /> Borrawer is obliga��d to pay Escrow ��ems d�re��iy, pursuant to a waiver, and Borrower fai�s ta pay�he
<br /> amount due for an Escrow Ztem, L.�nder may exercise it� rights under Se�t�on 9 and pay such amnunt and
<br /> Borrow�r shall then be obligated under Section 9 to repay�o L�nder an�r such am.oun�. L.ender ma�r re�oke
<br /> the�vaiv�r as to any ar a11 Escrow �t�ms at any��me by a n�t��e gi��n in accordanc�with Sect�on 15 and,
<br /> upon such re�rocation, Borrav�er sha��pay to Lender a�� Funds, and�n su�h amoun�s, that are then required
<br /> �r��er���� �ect��n 3.
<br /> Lender may, at any time, collec�and haXd Funds �n an arni.oun��a} suff�cient�o perm�t L,ender ta app�y�he
<br /> Funds at the time s�e�ified under RESPA, and�b} not t�e�ceed�he max�murn amount a�er�der can require
<br /> und�r RESPA. Lender sha�� es�ima�e the am�unt of Funds due on�he�as�s af current da�a and reasonable
<br /> est�mates of expend�tures af futur�Escrow ��em.s ar o�herwise in accordance with Appl�ca�le Law.
<br /> The Funds shall be held �n an�nst�tu��on�hose deposi�s are insured b�a fed�ral agency, ins�rumenta��ty, or
<br /> entity ��ncluding I.�nder, �f Lender�s an�ns�i�ution whose dep�s�ts are sa insured} or�n any Federal H�me
<br /> L.oan Bank. Lender sha�� appl�the Funds�o pay the�Escrow �tems no �a�er than the�ime spec��ed under
<br /> RESPA. Lender shal.�nat charge B�rrov�rer for holding and ap�lying�he Funds, annua��� ana.�yzing the
<br /> escrov�r a�coun�, ar�er�fying�he Escrow �tems, unless L.�nder pays Borr�wer in�eres�on�he Funds and
<br /> Appl�cable Law pern�i�s Lender�o make such a charge. Unless an agreement�s made in writing or
<br /> Appli�able Law requ�re� interest to be paid on the Funds, Lender sha��no���required to pay Borrower a�.y
<br /> �nt�res��r earnings an the Funds. Borr�wer and L.ender can agree in wri�ing, however, �hat interest sha1�b�
<br /> paid�n the Funds. I,ender sha�� gxve to Borrawer, �vi�hou�charge, an annual accounting of the Funds a�
<br /> required b�RESPA.
<br /> �f there is a sur�lus af Funds held in escrov�, as d��ned under RESPA, Lender sha�� accoun�to Borravver far
<br /> �he excess funds �n a�cordance v�ith RESPA. �f�here�s a shor�age af Funds held in escrow, as de�ned under
<br /> RESPA, I.ender sha�� notif� B�rrower as requ�red by R�SPA, and Borravwer shall pa� to L.�ender the amaun�
<br /> ne�essary t�ma.ke up the shor�age xn accordance with RESPA, but in no more than �2 mon�hly payments. If
<br /> there �s a defciency of Funds held in escrow, as def�ned under RESPA, Lender shall n��ify Borr�w�r as
<br /> N�BRASKA-Single Fam+ly-Fannie MaelFreddie Mac UN���RM INSTRUMENT Farm 3028 11�1
<br /> VMP p VMPfi{NE}��3�2f
<br /> Wvlters Kluwer Fir��r►cial 5er�ices Page 5 of 17
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