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2� 17��8�4
<br /> An� application of paym�n�s, insurance proc��ds, ar Miscellaneous Proc��ds�o pr�ncipal due under the No�e
<br /> shal�no�ext�nd ar pos�pone�he due da�e, or change the amount, of the Periodic Pa�nzents.
<br /> 3. Funds for Escrow I�ems. Borrower shal�pa�ta Lender on the day Per�od�c Paymen�s are due under the
<br /> Note, un��� �he Not�is paid in fu�l, a sunz�the "Fu�.ds"} to pro�ride for payment of amnun�s due for: �a} taxes
<br /> and assessmen�s and o�her item�which can a�tain prior��y�ver th�s Securi�� �ns�rumen�as a�ien or
<br /> encumbrance�n the Proper��; �b} �easehold payments or ground ren�s on the Proper�y, if any; �c}premiums
<br /> far any and aI� �nsuranc�r�qu�r�d�� Lender und�r Sect�an 5; and �d} Mor�gage�nsurance prem��ums, if any,
<br /> or any sums pa�ab�e�y Borrower�a Lender in lieu af the payrr�ent of Mor�gage�nsurance premiums �n
<br /> accordanGe with the provisions of Section �a. Thes�items are call�d "Escrov� �tems." A�or�g�nation ar a�
<br /> any�ime during the term nf�he L�an, Lender may requir��hat�ommunity Associat�an Dues, Fees, and
<br /> Assessm�n�s, if any, be escrowed�y Barrower, and such dues, fees and assessrnen�s shail be an Escrow
<br /> Item. B�rrower sha�l prompt��furnish ta L.ender a�I n�tices af amounts t�be paid under this Section.
<br /> Borrawer shai�pa� L.�nder�he Funds for�scrav� ite�ns unless Lender v�ai�es B�rrower's ob�igat�on��pay
<br /> the Funds for any or al� Escrow �tems, L.ender may urai�e Bnrr�wer's obliga�ion to pa�to Lender Funds f�r
<br /> any or a�� �scrovcr �tems at an��xme. Any such wa�ver may onl�be in v�rriting. In th�e�ent vf such wazv�r,
<br /> Borrower sha�� pa�r d�rec�l�, when and wh�re paya�Ie, the amounts due for an� Escro� ���n�s for�vhich
<br /> paymen�of Funds has been wai�ed by I.�nder and, if Lender requires, sha�� furnish�o Lender rec��pts
<br /> e�idenc�n�such paym�n�vvithin such t�me per�od as Lender ma�r�quire. Bflrrawer's obligat�on to make
<br /> �uch paymen�s and�o pro�id�receipts shai� f�r aii purposes be d�emed to�e a ca�enan�and agreement
<br /> cfln�ained �n th�s S�cur�t� �ns�rument, as the phrase "covenant and agreement" �s used in Sec��on 9. �f
<br /> Barrov�rer is obliga�ed�n pay Escrov�r �tems dire�tly, pursuant to a wai�rer, and BQrrower fails�o pay th�
<br /> amount due for an Escrow �tem, Lender may�xerc�se irs righ�s under Sectian 9 and pay su�h amount and
<br /> B�rro«rer shaii then be obligated under 5�c��on 9 �o repa� to Lender an� such amoun�. Lend�r may reWoke
<br /> �he vvaiver as to any or a�� Escrov� Items a�any tim�by a notice gi�en in accordance uli�h S�c�ion 15 and,
<br /> upon su�h revocation, Borrovwer shall pay to Lender a11 Funds, and in su�h a�mounts, that are�hen r�quired
<br /> under th�s Secti�n 3.
<br /> Lender ma�, a� any�ime, c�liec�and hoid Funds �n an am�un��a} suffic�en�to permit I,ender to app1�the
<br /> Funds at the time specxf�ed under RESPA, and tb}not �o exceed�he maximum amoun�a lender can require
<br /> under RESPA. Lender shall est�mate the amount of Funds du�on the basis of current data and r�asonab�e
<br /> es�imates of expenditures of fu�ure�scrow ��ems�r o�herwise in aGc�rdance wi�h App�zca�ie La�.
<br /> The Funds shal�be h��d �n an ins�itut�on vvhose depasi�s are insur�d b� a federal ag�ncyy 1I7.5�IUI11�I1�d�1��1, �r
<br /> en�zty ��ncluding I.�nder, �f L�nder is at�.institu�i�n whose d�pos�ts are sa insured} ar in any�ederal �arne
<br /> Loan Bank. Lender shall app���he Funds to pay�he Escr�v� �tems no�ater than�he�ime specified under
<br /> RESPA. Lend�r sha�i n��charge Borrower for ho�ding and appl�ing the Funds, annua��y analyzing the
<br /> escrow acc�unt, ar verzfy�ng�he Escrow �tems, unles� L�nder pa�s Borrower interes�on the Funds and
<br /> Applicab�e Law permits Lender to make such a�harge. L7nless an agreemen�is�nade in wr�t�ng or
<br /> Applicabie Law requ�res in�erest ta��pa�d an�he Funds, Lender shall n��be required to pa� Barrov�r�r any
<br /> in�erest or earn�ngs on�he Funds. Barro�rer and �.fender can agree in�r��ing, however, tha�xn�erest shall be
<br /> paxd on the�u�ds. Lender shaX1 g�ve��Borrovver, tivithout charge, an annua� accounting of�he Funds as
<br /> required by R�SPA.
<br /> �f�here is a surplus of Funds held in�scrow, as de�ned under RESPA, Lender shal� account to B�rrow�r for
<br /> �he excess fund� �n accardance with RES�'A. �f there is a shortage of Funds he�d �n escrow, as de�ned under
<br /> RESPA, Lender shal�not�fy Borrower as requ�red by RESPAy and Borrower shal�pay to Lender�he amount
<br /> necessary t�make up the shor�age in accordance wi�h RESPA, bu�in no more�han 12 monthly payments. If
<br /> �her�i�a de�cie���r flf Funds held in es�row, as def�ned under RESPA, I..�nder sha11 not�fy Borrower as
<br /> N�BRASKA-Singl��amily-�annie MaelFr�ddie Mac UNI��RM LNSTRUMENT �ar�n 302$11d�
<br /> VMP� VMPfi�NEy�13�2�
<br /> WoEters Kluwer Finan�ia!5er�ices Page 5 a#'�7
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