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2� 17��8�5
<br /> Any app�i�at�on of paymen�s, insurance pr�c�eds, ar M�sce��aneous Proceeds to principai due und�r�he No�e
<br /> sha�� no�ex�end ar postp�ne�he due date, nr chan.ge�he am�unt, of�he Per�ad�c Paymen�s.
<br /> 3. Funds for�scrow Items. Borr�wer shall pay�o Lender on the day Peri�d�c Pa�ments are due under�h�
<br /> Na�e, un�il �he N��e is paid in fu�l, a sum���.e "Funds"} �fl provide f�r pa�ment of amoun�s due for: �a} taxes
<br /> and assessmen�s and other items which can a��ain priorit�r ov�er�his Securi��r Znstrumen� a� a�ien or
<br /> encum�ran�e�n the Prop�r�y; (b} leaseho�d payments or ground rents�n�h�Propert�, if any; �c}premiums
<br /> far an�and ai� insurance requ�r��.by Lender under 5ect��n 5; and �d} Mor�gage�nsurance prem.iums} if any,
<br /> or any sums payab�e by Bnrrower t� Lender in l�eu of the pa�ment of Mortgage�nsurance prem�ums �n
<br /> accordance with the pra�isions of Section ��. These items are ca��ed "Escrow I�ems." At orig�na��an ar at
<br /> any t�me during�he�erm af�he Loan, Lender may require�hat�ommunity Associa��an Du�s, Fees, and
<br /> Assessments, if any, b�escrowed b�Borro�er, and such dues, fees and assessmen�s sha�Z be an�scro�r
<br /> �t�m. Borrou�er shal�promp��y furn��h to �.ender a�1 n��ices of amounts t��e paid und�r th�s Secti�n.
<br /> Barrower shall pay Lender th�Funds f�r Es�row ���ms un�ess L�nder wa�ves Barrower's ob��ga�ion�o pay
<br /> the Funds f�r an�or a�� Escrow Items. Lender may wa�ve Borrawer's ob�iga��on to pay�o Lender Funds f�r
<br /> an� or a�� �scravW ��ems a�any�ime. An�such wa�ver may�n�y b�in wri�ing. �n the event af such v�aiver,
<br /> Borrower sha11 pa�dire��Iy, when and wher�pa�able, ��.�amQunts due f�r an�Escro���ems for wh�ch
<br /> payment af Funds has b�en waived by Lendcr and, if Lender requ�res, �hal� furnish to Lender re�e�pts
<br /> e�idenc�ng such payrnen�v�rithin such�im�perxod as Lend�r may requ�re. �orr��ver's ob�iga�i�n�o m.ake
<br /> such payments and�o pro�ide receipts sha�� for a��purposes�e de�med��be a co�enant and agreement
<br /> can�ained in�his Securi�y Instrument, as th�phrase "�oWenan�and agreemen�" is used in Sect�on 9. If
<br /> Barrower is obligat�d to pa� Escrow��ems directly, pursuant�o a wa�ver, and B�rro�er faz�s to pay the
<br /> amount due for an Escrow ��em.y L�nder may ex�r�is�i�s r�ghts under Se�t�on 9 ar�d pay such amoun�and
<br /> Borrovver shali �hen be ob�iga�ed un�.�r Sec�ion 9�a repa��o L.�ender any suc�am�unt. I.�nder may re�oke
<br /> �he wai�er as ta any or a11 Escraw �tems at an�t��ne by a not��e given in accordance vvith Secti�n �5 and,
<br /> upon such re��cation, Borrawer sha��pay to Lender a�I Fun�.s, and�n such amounts, that are�hen.requ�red
<br /> under this 5ec��on 3.
<br /> L.ender may, a�any time, coi�ect and hold Funds in an amount�a} sufficient�o p�rmit Lender ta apply�he
<br /> Funds a�the t�nr�e specif�ed under R�SFA, and�b}not�o exceed�he max�mum amoun�a lender can require
<br /> u�der RE�PA. Lender shali estima�e the a�m�un�af�unds due an the basis�f curr�nt data and reasonable
<br /> �stimat�s of expenditures of fu�ure Escrow��ems or otherw�se�n accordan�e w�th App�i�able La�.
<br /> The Funds sha��be he�d in an�nst�tut��n v�hose deposi�s are insured by a federal agency, instrumenta�it�, or
<br /> en�i�y ��n�iud�ng Lender, if Lender�s an�nsti�ut�an v�rhos�depos�ts are so �nsured} or in any Fe�era� Home
<br /> I�an Ban�. Lender sha�� apply the Funds to pay�he Escrow Item�s na �a�er�han the t�me spec�fx�d under
<br /> R�SPA. Lend�r sha11 no�charge Borrawer for ho�ding and appl�ing the Fun.ds, annuali�analyzing�he
<br /> escrow ac�ount, or verifying t�e Escrow It�ms, unless Lender pays Borro�er inter�s�on the Funds and
<br /> Applicable Law�errn�ts Lender to make such a Gharge. Un�ess an agreemen� is made in writ�ng�r
<br /> App��cable Law requires interes�to be pa�d on the Funds, Lender sha�� no�be r�quired to pay B�rrovver any
<br /> �nterest or earnings on�he�unds. Borrower and Lender can agree in writzng, however, �ha��nteres�shall be
<br /> pa�d on�he Funds. L.ender shall gi�e to Borrower, v��th�ut charge, an annual acc�un�ing af�he Funds aas
<br /> require�.�y R�SPA,
<br /> If ther��s a surplus of Funds heid in escrow, as de�n�d under RESPA, Lender shall ac�ount ta Borrower for
<br /> the excess funds�n accordance with RESPA. If�here is a shortage of Funds he�d in�scr��v, as def�n�d under
<br /> RESPA, Lender s�.a�l notify Borrov�r�r as requ�red��RESPA, and Borr�v�rer sha1�pay to Lender�he amoun�
<br /> nec�ssary�o make u�the shor�age�n accordance w�th RESPA, bu�in na mare�han 1Z month�y paym�nts. �f
<br /> there�s a defici�ncy af Funds held in escr�w, as def�n�d under RESPA, I�ender sha��n��if�B�rrower as
<br /> N�BRASKA-Single Family-Fannie MaelFreddie Mac UNI��RM lNSTRUM�NT Form 3�Z8�10'!
<br /> VMP Q VMPfi�N�3�13fl2j
<br /> Walters Kluwer Financial Ser�ices Page 5 af 17
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