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2� 17�� 18�
<br /> An�appl�cat�on of payments, insurance proceeds, or Miscellaneou� Proceeds ta pr�nc�pai due under�he Nate
<br /> shall not extend or pas�p�ne�he du�da�e, or change�he amount, of�he Periodic Pa�rments.
<br /> 3. Funds for Escraw Items. Borrower sha��pay�o Lend�r on the day Periodic Pa�ments are due under�he
<br /> Note, until the N�ote�s paid in full, a�um��he "Funds"� t�pro�ide for paymen�of amounts due for: �a} taxes
<br /> and assessments and other��em�which�an a�tain priari�y o�ver this �ecur�ty �nstrument as a lien or
<br /> �ncun�.�ranc�an�he Proper��r; �b} leasehald paymen�s or ground rents on�he Proper�y, if an�; �c�pr�miums
<br /> for any and aIi insurance requ�red�y Lender under Se��ian S; and�d} Mor�gage�nsurance premiums, if ar�y,
<br /> or any sums payabie by Borrower�� Lender�n�ieu of�he pa�ment of M�rtgage�nsuran�e prem�umS xn
<br /> accardanc�wi�h the pro��sions of Sec�ian �4. These i�ems are ca�led "Escrovv Items." At arigina�ion or a�
<br /> any time during the term�of the Laan, I�nder�may require that Commun��y Assaciation Due�, Fees, and
<br /> Assessments, if any, be escrawed by Borrawer, and such dues, fees and assessn��nts shall be an Es�row
<br /> �tem. Borrow�r shall pramptly furnish to Lender ail n�tic��of amounts to be paid under this S�ction.
<br /> Borrower shall�ay Lender the Funds f�r Escrow �tems unless Lend�r wai�es Barrov�er's obligation to pay
<br /> the Funds for any or a�l Escrov�Items. Lender may wai�e B�rrower's flb��gat�on�a pay to Lender Fund� for
<br /> any ar a�� Es�row I�ems a�any t��me. Any such wa��er may on�y be�n writing. �n the e�v�nt of such v�raiv�r,
<br /> Borr�w�r sha��pay d�rectl�, v�hen and wher�payable, the amounts due for any Escrow ��ems for wh�Ch
<br /> pa�ment of Funds has been wai�ved b� I,�nder and, �f Lender requires, sha�� furn�sh to Lender receip�s
<br /> evidencing such payment with�n such time periad as Lender may require. Borro�v�rer's ob�igation to mak�
<br /> such paymen�s and�o prov�de re�eipts �ha�l for all purposes be deemed to be a covenan�and agreemen�
<br /> can�ained in this Security �nstrum�nt, as �he phrase "c�venan�and agreement" is used �n S��tion 9. �f
<br /> Borrov�rer is o��iga�ed to pay Escrow I�ems d�rect��, pursuan�to a v�rai�v�r, and Borrower fai�s to pay��.e
<br /> amflun�due for a�a Escr�v�r ��em, L.ender ma�exerc�se i�s r�ghts under Sect��n 9 and pa� such amount and
<br /> Borrower shall then he obligat�d under 5ec�ion 9 to repa���o Lender an� such am�un�. Lender may re�ok�
<br /> the wa��er as to any �r all Escr�w I�ems at any time by a notice gi�en in acc�rdanc�with Sec��on �5 and,
<br /> upon su�h re�acation, Borrov�rer shall pa�to Lender a�l Funds, and in such amoun�s, that are then required
<br /> under this Sec�ion 3.
<br /> Lender may, a�any tim�, �aliec�and hold Funds �n an amoun� �a} suff�c�ent to p��ni�Lender�o app�y�he
<br /> Funds a��he tim.e specified under R�SPA, and �b} not to ex�eed the ma�imum amount a I�nd�r can requ�re
<br /> under R.�SPA, I.�ender sha�l estima�e�he amaunt�f Funds due on the�as�s of current da�a ar�d reasonable
<br /> es�ima��s of expendi�ures of future E�crow I�ems or otherw�se�n accordance w�th Applicable Law.
<br /> The Funds shal�be held in an insti�u�ion whose depos��s are insured by a federa� agen��, �ns�rumen�aii�y, or
<br /> entity �inc�ud�ng Lender, �f Lender is an institut�on�hos�d�posi�s are so �nsured�or�n any Fed�ra� �3ome
<br /> L.flan Bank. Lender shall appl�the Funds to pay th� Escrov� Items na �ater than the�ime specified under
<br /> RESPA. Lender sha11 not charge Borrower far holdin� and applying the Funds, annualiy analyzing�he
<br /> escrow acc�un�, �r verifying the Escr��r ��ems, uniess Lender pays Borr�wer in�erest�n�he Funds and
<br /> App��cable Law permits L.ender to make such a charge. Unless an agreemen� is made in writ�ng or
<br /> App�icable Law requ�res interes��a be paid an the �unds, Lender sha�l nat be required�a pay Borrower an�
<br /> interest or earnings on the Funds. Borrower and Lender can agree in writ�ng, h�we�er, that in�erest shaii be
<br /> pa�d on the Funds. Lender shall gi���o Borrower, v�i�hout charge, an annual account�ng of�he Funds as
<br /> required by R�SPA.
<br /> �f there�s a surp�us of Funds he�d in escrov�r, as defined und�r RESPA, Lender sha11 ac�ount�o B�rrower for
<br /> the e�cess funds in a�cordance with RESPA. ��'�here is a shorta�e of Funds held �n escraw, as def�ned under
<br /> R�SFA, Lender shall no�ify Borrower as requzr�d by RESPA, and Borr�vver shail pay�o L.ender the aznoun�
<br /> necessary�o make up the shor�age in accordance w��h RESPA, but in n�more than 12 mon�h�y payments. �f
<br /> �here is a defi��ency of Funds held in�scrov�, as de�ned under RESPA, Lender shal�n�tify BorrovWer as
<br /> N�6RA5KA-Single�amiIy-Fannie MaelFreddie Mac UNIF�RM INSTRUMENT �arm 3Q28 11t��
<br /> VMP[� VMP6{N�)('�3�2)
<br /> Walters Kfuwer Finan�iat Ser�ices P�ge 5 af�7
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