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2� 1 ��8347
<br /> An� appli�ation of pa�men�s, insurance proceed�, ar Misc�llane�us Prn�e�ds to princ�pa�due under the No�e
<br /> shall not extend or pos�pone th�due da�e, �r cha.nge the amount, af the Perxodic Pa�men�s.
<br /> 3. Funds for EsCrow I�erns. Borr�wer sha11 pay�o Lender on the day Periad�c Payment�are due under the
<br /> Note, un��l the Nate is paid in fu�I, a sum�the "Funds"}�a prav�de for paymen�of amounts�.ue for: �a}ta�.es
<br /> and a��essmen�s and a�her i�ems which can at�ain pr�ori��over this S�curi�y �ns�rument as a�ien or
<br /> �ncumbrance on the Proper�y; �b} leas�ho�d payments or graund ren�s on�he Proper�y, if any; �c} premiurns
<br /> for an� and a�l insurance re�uired b� Lend�r under Sec�i�n 5; and�d} Mortgage�nsuran�e premiums, if any,
<br /> or any sums pa�able�y Borrower to Lender i���eu of the payment af Mortgage�nsurance prem�ums �n
<br /> a��ardan�e wi�h�he pro�isions of Sect�on 1�. These ite3m.s ar��a�.�ed "Escr�w ��ems." At originat�an or at
<br /> an�time dur�ng��e term of the Loan, L,ender may requ�re tha�Corr�munity A�sociat�on Dues, F�es, and
<br /> Assessmen�s, if any, be escrawed by Borrower, and such dues, fees and assessmen�s �hall be an �scrow
<br /> Item. Borrower shall promptl�fUrnish to L,ender all no��ces�f amoun�s to be pa�d under this Sec�ion.
<br /> Borrower shall pa�L,end�r�he Fund�for Escr�v� Items unless L�nder v�ai�es Borrawer's abliga�ion�o pay
<br /> �he Funds for an�or a1� Escraw ���ms. Lender may waive Borrower's�bligation��pay to Lender Funds for
<br /> an�r ar a�� Escrow ��ems at an�time. Any such waiver may only be in v�rr�ting. In�he e��n�of such vva��er,
<br /> Borrower shall p�y direcfil�, when and wher�payable, �he amoun�s due for any Escrow Items for v�rh�ch
<br /> pa�ment of Funds has been wai�ed b� Lender and, if Lender�requzres, sha�l furn�s�.�fl L�nder r��eipts
<br /> e�ridenc�ng such pa�ment v���h�n such tinle periad as �ender ma� r�quire. Barrower's ob�iga��fln�o rnake
<br /> such paymen�s and to pro�ide receip�s sha�I for aI�purposes be deem�d �o�be a covenan�and agreement
<br /> conta�ned �n this S�curit��nstrument, as �he phrase "cav�nant and agreement" ��uset� in Sec�i�n 9. If
<br /> Borrov�er is obligated t�pay Escrow Items directl�, pursuan�to a wai��r, and Borrflv�rer fa��s to pa�the
<br /> amount due for an Escr�w ��em, L�nder ma�exer��se its rights under Sec�ion 9 and pa�r such amount and
<br /> Borrower shall th�n be���igated under Sec�xon 9�o repay to Lender an}�such amoun�. I.�nder may revoke
<br /> the waiver as to an�r or al� Escrow Items a� any tirn��by a no�ice given in accordance vwith SeCtion 15 and,
<br /> upon such re�vocation, Borrawer shal�pa�to Lender all Funds, and in such amounts, tha�are�hen required
<br /> under this Sect�on 3.
<br /> Lender ma�, at an���me, c���ect and hold Funds �n an amoun� �a} suff�cient �o permit L�nder ta apply the
<br /> Funds a��he�in1e spec��ed under RESPA, and�b} no� ta exceed�he maximum amount a�ender can requ�re
<br /> under RESPA. I.�nder sha11 est�ma�e�he amoun�of Fu�.ds du�on the bas�s af curren�data and reasonable
<br /> est�mates�f e�pend��ures of futur�Es�r�w It�ms or otherwise in accordance wi�h App��cable Law.
<br /> Th�Funds sha�l be he�d in an�nst�futinn vvhos�deposits are insur�d b� a f�deral agency, ins�rumentalit�, or
<br /> entity�includ�ng Lender, if Lend�r�s an�nst��u�i���vhase deposi�s are so �nsured}nr in any Federal Home
<br /> Loan Bank. Lender shall apply the Funds�o pa�the Escrow ��ems no la��r�han the time spec�f�ed under
<br /> RESPA. Lender shal� n��charge Borrawer far ho�ding and applying the Funds, annua�ly anal�rzing the
<br /> escrow account, or werify�ng the�scrow �tems, un�ess Lender pa�s Borr�wer�nter�s�on�he Funds and
<br /> Appiicah�e Law perm��s Lender to make su�h a charge. Unless an agreemen��s made in writing or
<br /> App�ica�te Lavv requires in�eres��o be paid on the Funds, L�nder shall no�b�required ta pay Borro�ver any
<br /> in�eres�or earn�ngs on the Funds. Borrov�rer and Lender can agre�in writing, however, that�nterest sha�l he
<br /> paid on�he Funds. L.�nd�r sha��gi�re�o B�rrovv�r, withaut charge, an annual accoun�ing of the Funds as
<br /> required��RESPA.
<br /> �f there�s a surp�us of Funds held in escrow, as def�ned under RESPA, Lender shal� ac�vunt to Borro�s�rer for
<br /> the excess funds in accardance w�th RESPA. �f th�r�is a shor�age of Fund�held in escrow, a.�defined under
<br /> RESPA, I..�nder�hall natify Borrower as requ�re�by RESPA, and B�rrawer shal�pay ta Lender�he amount
<br /> ne�essary�o make up the shortage in ac�a�dan�e wi�h RESPA, but in no m�re�han ��monthly pa�rr�ents. �f
<br /> there�s a def�ciency af Funds held �n escrow, as d��ned under RESPA, Lender sha�� notify B�rr�wer as
<br /> NEBRASKA-Singte Family-�annie Mael�reddie Mac�N��C]RM INSTRUM�NT Farm 3�28 il��
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<br /> Wa�ters Kiuwer Financial Ser�ices Page 5 0#17
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