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2� 1 ��88� 1
<br /> Any app�icat�on of paymen�s, insurance proceeds, or M��ce�laneous Proce�ds to principal due under the Note
<br /> shall no�extend or pos�pone�he due da�e, ar change�he amount, of the Per�odic Pa�m�nts.
<br /> 3. Funds far�scrovv I�en1s. Borr�wer sha��pay�o Lender on�he day Per�od�c Paymer�ts are du�under the
<br /> Note, un�i� the Note is paid in fu�l, a sum�the "Funds"} �o provide for pa�men�of amoun�s du�for: �a� taxes
<br /> and assessments and ather�tems w�.ich ca�a�ta�n priari�y�ver this Secur��y�ns�rument as a lien ar
<br /> encumbrance on the Praper�y; �b}Ieasehald pa�men�s or graund rents�n the Prop�r�y, if an�; �c}premuums
<br /> for any and a�1 insurance requ�red by Lender unde�r Se��ion 5; and��.} Mar�gage�nsurance premzums, xf any,
<br /> or any sums payable by Barrower�a Lender�n lieu of the paym��nt flf Mortgage Insurance premiums �n
<br /> acc�rdance wi�h�he pro�visions of Section I�. These i�e�ns are ca��ed "Escraw I�em�." At origination nr at
<br /> any�ime during�he term af the L�an, Lender may require that�ommun���Assoc�at��n Dues, Fees, an�
<br /> Assessments, if any, be escrawed by Barrov�rer, and su�h dues, fees and ass�ssments s�.a���e an Escrow
<br /> �tem. Bflrro�rer��a��promp��� furnxsh to Lrender a�� nati�es of amoun�s�o be paid under��Zxs Sec��on.
<br /> Borrower sha�l pay Ifender�he Funds for Escrow ��em��un�ess Lende�r wai�es Barr�wer's ob��ga��on to pay
<br /> the Funds for any or ali Escraw ��em�s. L�nd�r may waive Barrower's�b�igat��n�o pay�o L�nder Funds fflr
<br /> any or a�� Escio�v ��ems a�any�im�. Any such u�aiv�r may a�a.�y be�n wri�ing. In�h.e e�ent of such wa�ver,
<br /> Borr��ver sha�1 pay d�rec�ly, when and vvhere payah��, t�e amoun�s due for any Escrow ��ems fflr�vhich
<br /> payment�f�unds has b�en wa��ed�y Lend�r and, if Len�er r�qu�r�s, s�ia�� furnish to L.ender r�c�xp�s
<br /> evxdenc�ng such pa�men�wi�h�n such�ime period as Lender may require. Borrower's ab�igat�on�o make
<br /> such paym�enfis and�o pro�ide receip�s sha�l for a��purposes be deemed�o b�a covenan.t and agreement
<br /> c�n�ained �n th�s Secur��y Ins�rument, as�he phrase "�o�ena��and a�reement" is used in Sect�on 9. If
<br /> B�rrower xs �bliga�ed ta pay �s�row ��.erns d�rect��, pursuan��o a wa��v�r, an�Borrawer fai�s t�pay�he
<br /> amoun�due for an Escraw ��em, Lender may exercise�ts rxgh�s under Sec�ion 9 and pay such amoun�and
<br /> Borrawer shai�then be obl�gated under Section 9 ta repay�a Lender any such amaun�. Lender may revake
<br /> the waiver as t� any or aii ��crow Items at any�ime by a notice given in accordance wi�h Section 1 S a�.d,
<br /> upon such revoca��ony Barrower shall pay�o L�nder a11 Funds, and in suc�anr�oun�s, �ha�are�hen r�quir�d
<br /> und�r�his Sectian 3,
<br /> Lender may, at any�ime, collec�and hold Funds in an amoun��a} suff�cx�nt��pern��Lender ta apply th�
<br /> Funds a��he time specz�ed under R�SPA, and (b} no��a e�ceed the ma�imum amoun�a lend�r can require
<br /> under RESPA. Lender sha�l est�mate�he amount of Funds due on�he�asis of current da�a anci�easonab�e
<br /> es��mates of expend��ures�f fu�ure Es�ro�v I�ems ar o�herwise in accordance wi�h App��cable Law.
<br /> The Funds shal�be he�d�n an�ns��tutx�n whas�depos��s are�nsured by a federa� agency y instrumenta���y, �r
<br /> en�i�y��nc�ud�ng Lender, if Lender�s an�ns���ution�c7vhose depo�its are so �nsured} or in any Fed�ral Home
<br /> Loan Bank. L.ender shai� app�y�he Funds t�pa��he Es�row ��em�n� later than�he t��me sp�ci�ed under
<br /> RESPA. L�nder shai�not�harge Borrower f�r hoi�.ing and app��r�r�g the Funds, annual�y a.nalyzing�he
<br /> escr�v� accoun�, or verxfy�ng�h��scrow ��ems, unless Lender pays Borrow�r in�er�st on��e Funds and
<br /> Appl�cable Lav�pernv.�s Lender to make su�h a charge. Un��ss an agr��m.ent is made in wri��ng�r
<br /> App�icab�e Lav� requir�s in��rest to be paid on the Funds, Lender shall no�be requ�red to pa�Borrower any
<br /> interest�r�ar�ings on the Funds. Borrower and Lender can agree�n writing, however, tha�in�eres�shall be
<br /> pa�d an�he Fun�.s. Lender sha�1 give�o Bnrrower, wi�hou�charge, an annual account�ng of�h�Funds as
<br /> required�y��SPA.
<br /> �f there��a surp�us af Funds held in escrow, as d��ned under R�SPA, L.�nder shall aGcount to Borrower f�r
<br /> �h.e exc�ss fu�ds�n a�cordanc�with RESPA. If t�.ere is a sh�r�ag�of Funds he�d�n escrow, as def�ned under
<br /> R�SPA, Lender shal� no�ify B�rrower as required by R�SPA, and Borrov�er sha�I pay to Lender�he amount
<br /> ne�essary t�make up the shortage in ac�ardance v�i�h RESPA, bu�in na more than 12 monthiy payments. If
<br /> there is a deficiency af Funds he�d in escr�w, as def�ned und�r R.ESPA, Lender shall no�ify B�rrower as
<br /> N�BRASKA-5ingle Family-�annie Ma�IFr�ddie Mac UNIF�RM�NSTRUMENT Forrr�3028 i 1�1
<br /> VMP� VMPfi{N��41302f
<br /> W�Iters Kluwer Fir�ancia!Ser�ices Page 5 of 7 7
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