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2� 17����5
<br /> An�r app�zcat��n of payments, insuran.ce proceeds, or Mis��l�an��us Proceeds tfl principa� due under�he No�e
<br /> �ha�� n��exte�.d or postp�ne�he due date, or change�he am�unt, of the Perx�dic Pa�men�s.
<br /> 3. �'unds for Escrow Items. Borrower shall pay ta Lender on�he day Period�c Payment� are du�under�he
<br /> Note, un�i��he Na�e is paid in ful�, a sum��he "Fu�ds"�ta provi�.e f�r paym�n�of amounts due fflr: �a} �axes
<br /> and asse�smen�s and�ther items v�rh��h�an at�ain pr��r�ty aver�h�s Secur��y�ns�rument as a��en ar
<br /> encumbrance on the Proper�y; �b} ��aseh�ld payments or ground ren�s on the Pr�per�y, �f any; �c}pren�urns
<br /> for any and aI� in�uranc�required b�I�ender under Se�ti�n S; and �d} Mar�gag��nsurance premium�s, �f any,
<br /> ar any sums payabl�b�Borrovver t� Lender in�ieu of�he payment of Mor�gag� �nsurance prern�ums in
<br /> accordarYce�vith the provisians af S�c��on ��. These�tems are calied "Escrow ��ems." A�or�g�na�ion ar a�
<br /> any�ime�ur�ng�.he�erm of the L.aan, I...ender may requ�re t�ia�.��m�mun��y Assoc�ation Dues, Fees, and
<br /> Assessm�nts, �f any, be escrow�d by Borrov�rer, and suc�t�ues, f�es and assessmen�s shali be an���row
<br /> ��em. Borrower sha11�romp�ly furnish to Lender a�l no��ces af amoun�s���e pa�d under�his Sec�ian.
<br /> Borrower shali pay�.end�r the Funds for Es�raw ��ems un�ess Lender wai�es Barrower's ob�igation�o pa�
<br /> th�Funds f�r any ar a�� Escrow I�ems. Lender may wa�ve Borrawer's obl�gation�o pay to Lender Fu�ds far
<br /> an�r or a11 Escrow �tems at any time. Any such vvai�er may on��be in�vr�tirig. In the e�ren�of such waiver,
<br /> Barr��rer shall pa�r d�rec��y, when and where pa�ab�e, the amnunts due far a�.y Escro�+r I�ems for which
<br /> payment of Funds has be�n vva��ed by Lender and, if Lender requires, sha11 furnish�a Lender re��ipts
<br /> ev�dencing su��paynlen�within such�im.e period as Lender ma�r require. Borrower's ob��ga�i�n�o make
<br /> such payn�en�s a�d t�pravid�re�eip�s sha�� for a���u�pases be deemed to be a covenan�and agre�m.ent
<br /> con�a�ned in this Se�urity �nstru�en�, as�he phrase "co�enant and agreement" �s used in Se�t��n 9. If
<br /> Borrower is ob�xgated t�pay Es�row �tems dir�ctly, pursuant t�a v�ai��r, and Borrower fails�a pay�e
<br /> amoun�due for an�scraw ��em, I�ender may exer��se i�s r�gh�s under Sect�on 9 and pay such amoun�and
<br /> Borrvwer sha�l then be abligat�d under Sec�ian 9 �o repay�o Lender ar�y such am�un�. Lend�r may re�oke
<br /> ��ie wai�er as to any or a�� Es�row Items at any tim�by a notice given�n a�cordance wi�h Se��x�n �.5 and,
<br /> upon su�h revoca�ion, B�rro�rer shal.l pay to L.�nder all Funds, and in such am�unts, that are then required
<br /> under�his Sec�i�n 3.
<br /> L.ender may, at an�time, ����ect and h�id Funds in an amount�a} suffxc�ent�o perrn��L.�nder to apply�he
<br /> Funds at�h�time specified un��r RESPA, and�b} not to e�ceed the max�m.um amaun�a lend�r can require
<br /> under RESPA. L.�nder sha1.�es�imate the amoun�of Funds due on the�asis�f curren�da�a and reasona��e
<br /> es�ima�es of expenditures of fu�u�re�scro�v ���ms or o�he�-vv�se�n accordance with App��ca���Law.
<br /> Z'h�Funds shali be heid in an insti�u�i�n whose deposits are insured b�a fed�ra� agenc�r, �nstrumen�al�ty, or
<br /> en�ity��ncluding Lender, if Lender is an ins�itu��on whose d�p�s�ts are sa �nsur�d}or in a.ny Fed�ra� �ome
<br /> Loan Bank. Lender sha�� app��r�he Funds to pay�he Escrow It�ms no la�er�han�he tirne speci�ed und�r
<br /> RESPA. L.end�r s�al.l no�charge Borrov5r�r for hold�ng and applying the Funds, an.nual.ly anal�zin�the
<br /> escrow account, ar�erifying the Es�ro�v I�em.s, un�ess Lender pays Borro��r in�eres�fln the Funds and
<br /> App���ab�e Law perm��s Lender�o make such a charge. Unl�ss an agr�ement�s made�n wr���ng ar
<br /> App�ica�Ie Lav� requires interes�tv be paid on�he Fund�, Lender shai� no�be required�o pay Barrow�r any
<br /> �n�erest or earn�ngs an�he Funds. Bvrrow�r an� L�nder can agree�n wr��in�, hovvev�r, tha�in�erest shall be
<br /> pa�d on the Funds. Lend�r sha��g�ve to Borrflwer, vw�thaut charge, an annual ac�ounting of�he Funds as
<br /> requir�d b�R.ESPA.
<br /> �f there�s a surplus of Furids�ie�d �n�escr�w s as c�e�ned und�r RESPA, L.�nd�r shal� accflunt to B�rr�wer for
<br /> the�x�ess�unds �n accvrd�nce ulit�R�SPA. If there is a shor�age of Funds held �n escrow, as def�ned under
<br /> ��SPA, Lender��iall not�fy Borrower as requ�red by RESPA, and Barrow�r shall pa��o L�nd�r�he amount
<br /> ne�essar�r�o make up the shaar�ag��n acc�rdance wi�h RESPA, bu�in no more than 12 manth�y payments. �f
<br /> there�s a defi��en��of�`unds h�Id in escrovv, as defined und�r RESPA, Lender shal� no�ify Borrower as
<br /> NEBRASKA-SingfE Family-Fanr�ie MaelFreddie Mac UN�FORM INSTRUMENT Form 3028 114i
<br /> VMP @ VMP6{NEf�1342y
<br /> Wolters Kluwer Financia!5er�ices Page 5 of 17
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