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2� 17��31 �
<br /> Any applica��on of pa�ments, �nsurance proce�ds, or M�scellaneous Proceeds�o princ�pal du�under the No�e
<br /> shaii nat ex�end or pastpflne the due date, or change the amaun�, of�he Per�odic Pay�rnen�s.
<br /> 3. Funds for�scrov�Itcros. Barrower s�aall pay ta Lender on�he day Per�odic Payment� are due under the
<br /> N���, un�il�he No�e is paid in full, a sum�the "Funds"��o provide for payment of amounts due for: (a}taxes
<br /> and assessmen�s and a�her items which can attain pr�or��y nver this Se�urity �nstrum�n�as a l�en or
<br /> encumbran��on the Proper�y; �b� �easehald pa�rments or ground rents on�he Proper��, if any; �c}prern�iums
<br /> fflr any and all insurance requ�red by Lender under Sec�ian 5; and �d� Mor�gage�nsurance pr�miums, if any,
<br /> or any sums payable by Barrower�o L.ender�n Z�eu of the paymen�of Nlortgage�nsurance premium�in
<br /> accordance vv�th the provisions of Sect�on 1�. These items ar�called "Escrow I�ems." At or�ginat�on�r a�
<br /> any time during the�erm of the I�aan, L.end�r may require that�ommuni��Asso��a�ian Dues, Fees, and
<br /> Assessmen�s, if any, be escrawed by Borrower, and such dues, fe�s and assessments sha��be an Escrow
<br /> �tem. Borr�wer shali promptly furnish�o�nder a��na�ices�f amaunts to be pa�d under�his Sect�on.
<br /> �orro�er sha�I pay i�ender the Funds for�sc�ro� �t�ms unless L�nder v�ai��s Borrnwer's ob�igation�o pay
<br /> the Funds for any or ail Escr�vv �tems. Lender may wai�re Borrower's abligation t�pay to L�nder Funds for
<br /> any or a�� Escrow I�ems a�an�time. An�r such waiver may only be in wr�ting. In fhe e�ent of such wa��er,
<br /> Borro�rer sha��pay directly, when and where pa�a�I�, �he amounts due for any Es�rovv ��ems for�hich
<br /> paymen�of Funds has been waived hy Lender and, �f L,ender requ�res, sha�� furnish to Le�der receipts
<br /> evidencing su�h pa�ment w�thin such t�me periad a� L�ender may require, Barrower's o��igatian to make
<br /> such payments and �o pro�ide rece�pts shal� f�r a�i purp�ses be deemed�o be a co�renant and agre�ment
<br /> conta�ned in this 5ecurity �ns�rument, as the phrase "c��venan�and agreement" �s used �n Sect�an 9. �f
<br /> Borrower is ab��ga��d�o pa� Escr�vv Items direc�i�, pursuant�� a�ai�er, and Borr�v�r�r fai�s to pay the
<br /> amoun�du�for an Escrow �tem, Lender may e�ercise �ts r�ghts under Section 9 and pay suGh amount and
<br /> Borrower shali then be obligated under Sec�ian 9�o�epa}�to Lend�r any such amount. Lender may re�rake
<br /> the wai�er as to any or al� Escrovv ���ms a�an�r�im�by a notice g���n in accnrdance w��h Sec��on IS and,
<br /> upon such r��oca��on, Borro�er shall pay �a Lender a�l Funds, and in such amaunts, �hat are then required
<br /> under this Section 3.
<br /> L�nder ma�r, at any�ime, col�ec�and hold Funds in an amoun� (a} suff�cient�o per�r�u�Lender to app1����
<br /> Funds at�h�tim�specified under RESPA, and �b}no�t� exceed the max�mum amoun�a lender can require
<br /> under RESPA. Lender shall estima�e the amounfi of Funds due on the basis of current data and reasona�le
<br /> estimates of expendi�ures of future Escrow �tems or otherwise�n accordance with A�pi�cable Law.
<br /> The Funds sha��b�held in an institu�ion v�rhos�deposits are in�ured by a federal agency, �ns�rumen�a��ty, or
<br /> en�ity �including Lender, if Lender is an ins���u��on vcrhose d�posi�s are s� insured}or in any Federa� �ome
<br /> Loan Bank. Lend�r shal� app�y�he Funds tfl pay�he�s�row X�ems no later than the t�m�specified under
<br /> RESPA. L.�nder sha�l no��harge Borrower for hold�ng and appl��ng the Funds, annua��y analyzing the
<br /> escrow acc�un�, or verifying�he Escrow Items, un�ess L�nder pays Borrov�rer�nteres��n�he Funds and
<br /> Applicable Law permits Lender�o make such a�harge. Un�ess an agreemen�is made in wri��ng or
<br /> Applicabie Law r�quzr�s interest to be paid on�he Funds, Lender sha�l no�b�required�o pay B�rr�wer any
<br /> �nterest flr earr�ings an�he Funds. Borrower and�.ender can agree�n wr�ting, however, �hat �nterest sha11 be
<br /> paid on the Funds. Lender shall give�a Borro�v�r, v�r�thnu�charg�, an annuai accoun�ing of the Funds as
<br /> requ�red by RES�'A.
<br /> �f�here xs a surp�us of Funds h��d in�s�r�w, as d�fined under R�SPA, Lender sha�� account�o B�rrawer for
<br /> �h�excess funds �n accordance w��h RESPA. �f�here is a shartage of Funds held�n escrow, as de�ned under
<br /> RESPA, Lender sha��notify Borrower as required by RESPA, and Borrower shall pay to Lender�h�amaunt
<br /> necessary�o make up the shor�age xn acc�rdance with RESPA, but�n no more than 12 manth�y payments. If
<br /> there is a def�ciency of Fund�he�d �n escrav�, as defined under RESPA, �nder shal�n��ify Borrower a�
<br /> NEBRASKA-5ir�gte Family-�annie Mael�reddie Mac UNlFflftM INSTRUM�NT �orm 3�28'I!41
<br /> VMP[� VMPfitNE3{13p�}
<br /> Watiers Kluwer Financial Ser�ic�s Pag�5 af 17
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