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2� 1 ��8727
<br /> Any appl�cat�on of paymen�s, insurance proceeds, �r Misce��ane�us Proceeds�o princ��al due under the Note
<br /> �hal�nat extend or pos�pflne�h�due date, or change the amount, of�h�Period�� Paymen�s.
<br /> 3. Funds for Escrow Items. Borrawer sha��pay to I,�nder on�he day Per�odic Pa�ments are due under�he
<br /> Na�e, until�he N�te is pa�d in fu��, a sum��he "Funds"}�o prov�de for paymen�of amoun�s du�for: �a}�axes
<br /> and assessments and other�tem.s which can a�tain pr�or�ty over th�s Security �nstrument as a lien ar
<br /> en�umbrance�n the Praper�y; �b} �eas��.old payme�ts�r graund ren�s on�he Proper�y, if any; �c}prem�ums
<br /> for any and ai� insurance requ�red�y Lender under Sec�ian 5; and �d} Mortgage�nsurance premiums, �f a.ny,
<br /> ar any surns payable by Borrower�o L.ender�n li�u�f the payment af Mor�gage�nsurance prem�.ums in
<br /> a�cordan�e with the pro��sions af Sect�on ��. These ���ms ar��a�led "Escrow �tems." At origination�r at
<br /> any�xme during�he term of�he Loan, Len�er ma�require that Communi��r Assoc�ation Dues, Fe�s, and
<br /> Assessm�n�s, if an�, b�escrowed b� Barrower, and such dues, f�es anc�ass�ssment� sha1�be an Escraw
<br /> �tem. Borrov�er sha��promp���furnish��Lender aIi n���c�s of a�maunts�o b�paid under�his Sec�ion.
<br /> Barrovver sha11 pay Lend�r�he Funds for�scrovv Items un�ess Lender�ai�es Borrovver's obl�gation to pay
<br /> the Funds for any or al I Escr��v �tems. I�ender may wai�e Borrower t s ob�igation fio pay�o Lender�unds f�r
<br /> an�or a11 Escrflw �tems at any time. Any such v�aiver ma�anly�e in writing. In the�v�nt of su�h�va�ver,
<br /> Borrower sha�l pay direc���, when and w�.ere payable, �he amoun�s du�f�r any Escrow �tems for vvhic�i
<br /> paymen�of Funds has been wa�ved by I..ender and, �f i,ender requ�res, s�a�� furnis�.t� I.ender r�ce�p�s
<br /> e�videncing such payn�.ent v�rithin su�h�ime period as Lender ma�require. Borrower's�b�zgat�an�o make
<br /> such payments and ta provide rece�pts shal� far a11 purposes be deemed to be a covenant and agreement
<br /> contained xn this Secur�ty Instrument, as�he phrase "covenan�and agreemen�" �s used in Sec�ion 9. �f
<br /> Barrower is�bligated to pay Escraw ��ems d�rec���r, pursuan��o a v�rai�er, and Barrov�er fails to pay�h�
<br /> amount due for an Escraw Z�em, Lender may exercis�its rights under Sec��on 9 and pay such amount and
<br /> Borrower sha11�hen be abliga�ed under Se�ti�n 9 to repay to I.�ender any such amoun�. Lender may re�oke
<br /> the v�aiver as�o an�r�r a.�i Escr�w I�ems at an�time by a natice g��ven in ac�ordance with Se�t�on �.� and,
<br /> up�n such re�vocat�on, Borrower�ha��pay to Lender a�l Funds, and �n such amounts, ��at are�hen required
<br /> under�h�s Sec��on 3.
<br /> Lender may, at any time, coiiect and ha�d Funds in an am�unt �a} �uffic�ent to permit Lender�o app�y the
<br /> Funds at the t�m.e specifie�under RESPA, and �b�no�to exceed�he ma�imum amoun�a Iender can requir�
<br /> under RESPA. Lender sha�l est�m.a�e the am�unt of Funds due an�he basx�of current data and reasvnab�e
<br /> es��ma��s of expend��ures of fu�ure Escraw ��ems❑r oth�rw�se in acc�rdan�e wi�h Appl�ca��e Law.
<br /> The Funds sha��be held�n an institution whose dep�si�s ar��nsured by a federal agency, instrumen��ity, or
<br /> entity�including L,ender, if Lender is an�nst�tut�on wh�se d�pos�ts are s� in�ur�d}or�n an� Federal. H�me
<br /> Loan Bank. Lender sha��app�y�he Funds�o pay�he Lscrov�r ��ems no �ater�han the t�me speci�ed under
<br /> RESPA. Lender sha��not charge Borrovver f�r holding and app��ing�he Funds, annual��anai�zXng th�
<br /> escrow acc�un�, or verif�ing the Escrav� �tems, Unless Lender pays Borrow�r interest on�he Funds and
<br /> App�i�able Law permi�s Lend�r t�mak�such a charge. Unless an agreement is made in wr���ng�r
<br /> App�icab��Law requ�res �nteres��o be pa�d on�he Funds, L.ender sha1�no�be required to pay�or�-ov�rer an�
<br /> �nterest or earnings on the Funds. Barrov�rer and Lender can a�ree in wri�ing, however, that in�erest sha�I be
<br /> paid on th.e Funds. L�nder sha��g��ve�o Borr�wer, without charge, an annual accflun�ing of the Funds as
<br /> requ�red by RESP�.
<br /> �f�.here is a surp�us af�unds he�d�n�scrow, as defrned under RESPA, I.ender sha11 account�o Borr�wer far
<br /> �he exc�ess funds in accardance with R�SPA. �f there is a shor�age of Funds he�d in escrow, as defxned under
<br /> RES�'A, Lender�ha11 no�if�r Borr�wer as requ�red by RESPA, and B�rrow�r sha11 pay t� Lender�he am�un�
<br /> ne�essar��o ma��u�the shor�age in accordance w��h RESPA, bu�xn no m�re��an ��month�y payments. �f
<br /> �here is a def�ci�ncy of Funds�.eld�n�scrowy as de�n�d under R.ESPA, Lend�r shal.�notify Borrawer as
<br /> N�BRASKA-5ing�e Family-�annie Mael�reddie Mac UN[�DRM 1N5TRUM�NT �arm 3028 11�1
<br /> VMP� VMPfi�NE�t�302y
<br /> Waf��rs Kiuwer�inancial 5er�ices Pag�5 af i 7
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