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2� 1 ��8188
<br /> Any applzcat�on of paymen�s, insurance praceeds, or N��scel�aneous Proce�ds�o principal due under the Not�
<br /> shall no�ex�end or po��pone the due date, or change�he a�moun�, of the Per�od�c Paymen�s.
<br /> �. Funds for Escraw I�ems. Borrawer sha�l pay�� Lend�r on�he day Per�odic Paymen�s are due und�r�he
<br /> Note, until �h�No�e xs pa�d �n fu�I, a sum�the "Funds"} to prflvide for paymen�of amounts due for: �a� �axes
<br /> and assessmen�s and oth�r item.s which can a�tain pr�ority o�er�his Secur���r �nstrument as a 1�en or
<br /> en�umbra�ce on the Pr�perty; �b} �eas�hoid payrr�ents or ground ren�s�n the Proper�y, �f any; �c}prem.�ums
<br /> fflr ar�y and all insuranc�required b� Lender und�r Sec�i�n 5; and td} M�r�gage�nsuran�e premiums, if any,
<br /> or any sums pa�able by Borrower to Lender�n lieu of the payment of Mor�gage�nsurance premiums �n
<br /> accordance v�ri�h�he pro�isions of Sect�on ��. These i�ems ar�cal��d "�scro�nr �tems." A��rigina�ion ar a�
<br /> any�ime during the term of�he I,oan, Lender may require that�ommunity Asso�iat�on Dues, Fees, and
<br /> Assessments, if any, be escrowed by Borrower, and such dues, fees and assessmen�s shall be an Escrov�
<br /> �tem. B�rr�wer sha�l promp�ly furnish to L�nd�r a11 not�ces of amounts to�e paid under�his Sec��on.
<br /> Barrow�r sha�I pa�r L,ender the Funds for Escrow�terns un�ess Lender wai�es Borr�wer's�b�i�at�fln to pay
<br /> the Funds for any or ali Escrov� I�ems. I�.ender may vwai�e Borrov�er's ob�iga�ion to pay ta L�nder Funds for
<br /> any or all Es�raw ���ms at an�t�me. Any such waiver may only be�n writin�. �n th�event of such wai�er,
<br /> Borr�wer sha�I pay dir�ct�y, when and where pa�ab�e, th�amounts due for any Escraw I�ems for v�rhich
<br /> pa�ment af Funds has b�en v�ai�ed by I�ender and, if Lender requires, sha�l furnish�o Lender r�ceip�s
<br /> e�idencing such pa�ment with�n such��me perind as Lender ma�requ�r�. Borrawer's obl�gation to make
<br /> such payments and t�pr�vide receip�s shall fnr al� purposes be deemed t�be a c��enan�and agreement
<br /> �ontained in this 5ecur�t� �ns�rumen�, as the phrase "covenan�and agreement" �s used in 5ectinn 9. �f
<br /> Borrav�er�s ob��gated to pa� Es�ra�v �tems direc��y, pursuant ta a�ra��rer, and Borrov�er fails�o pay the
<br /> am�unt due f�r an Escrow Item, Lender may exer�ise its righ�s under Sec�ion 9 and pa� such amaunt and
<br /> Borr�v�rer shal� then be ob�iga�ed under Se�tion 9 to repay t� Lend�r an� such amaun�, I.ender may re�oke
<br /> th�wa�ver as to any or al� Escrow ��ems at any�im�.e�� a not�ce��v�n�n accordance w��h Secti�n �S and,
<br /> upon such revoca�ion, Borr�wer shall pay to Lender a�� Funds, and in such amount�, tha�are�hen requ�red
<br /> und�r�his Section 3.
<br /> L.�nder may, a� any time, co���c�and ho�d Funds in an amount �a} suff�c�ent�o permit Lender�� appt��he
<br /> Funds a��h���m�specif�ed und�r R�SPA, and�b} not�� e�ceed�he max�mum amoun�a��nder�an requ�re
<br /> under RESPA. Lender shall estimate the amount of Funds due on�he bas�s�f current data and r�asonable
<br /> es�ima�es of expendi�ures of#�uture Escrflw Items �r a�her�ise in ac�ordance w��h Applicab�e Law.
<br /> The Funds shall�be h��d �n an inst�tutifln whose depos��s are insured by a federa� agenc�, instrumental��y, or
<br /> en��t� ��nc�ud�ng L�nder, if Lender is an ins�i�utian whose dep�s��s are so �nsured} or�n any Federa� Home
<br /> Loan Bank. Lender sha�� appl��he Funds t�pay the Escrow Item�no later than the tirr�e speci�ed under
<br /> RESPA. L.�nder sha�l not ch�rge Borrower for hoid�ng and applying the Funds, annuall�analyzing�he
<br /> escrow acc�unt, or�erif�r�n�the Escrov� �tems, unl�ss L.ender pa�s B�rrower�n�erest on the Funds and
<br /> Applicable Law permi�s Lender to make such a charge. Unless an agr�em.ent is made�n wri��ng�r
<br /> Applicable Law requires in�erest�o be paid on the Funds, Lender shal� not be required�o pay Borrower any
<br /> �n�erest or earnings on the Funds. Borrov�rer and Lender can agree�n wri�ing, howe�ery �hat interest sha��be
<br /> paid on the Funds. Lender sha�l gi�re ta Borr��ver, v�r�thout�harge, an annua� accaunt�ng af the Funds as
<br /> required by RESPA.
<br /> �f�her�i�a surplus of Funds held in�scro�vv, as defined under RESPA, Lender shall accoun�to Borrow�r for
<br /> th�excess funds in acc�rdance w�th R�SPA. �f�here is a shartage of Funds he�d in e�crow, as defined under
<br /> RESPA, Lender sha11 notify Borrower as requ�red by RESPA, and Borrower sha��pay�o L�nder the amount
<br /> necessary t�make up�he shortage in accordance with RESPA, but �n na more than 12 mon�h�y payments. �f
<br /> �here�s �def�ci�ncy of Fun�.s held in escrow, as def�ned under RESPA, Lender shall notify Barrower as
<br /> N�6RASKA-5ingle Farnily-�annie Mael�reddie Mac UNIFQRM INSTRUM�NT �ar�3�28 11Q1
<br /> VMP� VMPfi�NEy[13�2y
<br /> Walters Kluwer�inanciat 5er�ices Page 5 of 17
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