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2� 17�254�
<br /> �v Lender Funds for any or a��E��row Items at any time.Any such wa��er may only be in wri�ir�g.In the
<br /> event of su�h waiver, Bor�ov�rer sha1�pay direc�iy,whe��and where payab[e,�he amaun�s due fiar any
<br /> Escrow ltems far which payme�t of Fur�ds has been waived by Lender and, if Lender requ��es,sha[�
<br /> furnish to Lender rece�pts e�idencing such payment witf�in such time per�od as Lender may require.
<br /> Borrower's vbl�gatian to make such payments and�o prvv�de receipts sha[�for a11 purpases be deem�d
<br /> to be a co�enar�t and agreement�antained in this S�curity Instrument, as the phrase"ca�enant ar�d
<br /> agreemen�"is used in Sect�vn 9. �f Bnrrawe�is abl�gated t�pay Escrow [�ems directly, pursuant to a
<br /> �raiver, and Bor�ower fai�s to pay the amount due�or an Es�row Item, Len�er may exe�cise its rights
<br /> under Sect�an 9 and pay�uch amau��t and Barrov�rer shall th�n be abligated under Section 9 to repay
<br /> t❑Lende�any such amount.Lender may revoke the waiWer as�o any or alf Escrow Items at any time by
<br /> a nvtice giv�n in accvrdance wi�h Section'I5 and,upvn such�eWocation,Borrawer shal[pay tv Lend��
<br /> all Funds,and in such amvunts,that a�e then�equi�ed under this Section 3.
<br /> Lender may,a�any time,cv��ec#and ho�d Funds in an amaunt�a}suff��ient to�ermit Lender to appfy
<br /> the Funds at the time speci#ied under RESPA,and�b}not tv exce�d the maximum amaunt a lender can
<br /> require unde�RESPA.�ende�shall estimate the am�unt of Funds due an#he basis of current data and
<br /> reasonab[e estimates��expend�tures af future Escrov�Items or othenrvise in accordance with App�icable
<br /> Law.
<br /> The Funds sha11 be held in ari institution whase deposits ar�insu�ed by a�edera!agen�y,�nstru�t�entality,
<br /> or�n�i�y�in�fuding Lender,if Lender is an insti#ution whose depos+ts are so insu�ed}or in any Federa�
<br /> Hame Loan Bank.Lende�sha�l appl}r the Funds ta pay the Escraw[�ems na�ater than the time specifed
<br /> under RES�'A.Lender shall not charge Borrovrer for holding and applying the Fur�ds,annually analy�ing
<br /> the escrow accvunt,❑r�reri�ying the Escrow Items,un[ess Lender pays Barrower interest an th�Funds
<br /> and Applicabfe Law pe�n�its Lende�tv make such a cha�ge.Ur�less an agree�r�er�t is made in writing or
<br /> Applicable Law requires�n�e�est to be paid�n#he Funds,Lender shail��ot be r�quired ta pay Barrov►�er
<br /> any inte�est ar earnings an th�Funds.Borr�wer and Lender�an agree�n v�rrif�ng,howe��r,#ha�irtterest
<br /> shall be paid�n the Funds.Lender shal�g��e tv Borrower,without charge,an annua[accounting vf the
<br /> Funds as�equ��ed by RESPA.
<br /> ��the�e �s a surp�us❑f Funds held in esc�aw: as defined under RESPA, Lender shall account t❑
<br /> Borrov�rer fnr the excess funds�n accordance w�th RESPA.!f there is a sha�tage of Funds he�d in escrow,
<br /> as def ned under RESP�I,Lende�s��all nat�fy Bor����rer as required by RESPA,and Bar�a►�er shal�pay ta
<br /> Lender#he amou���necessary ta make up the shartage in accardance with�ESPA,but in no more than
<br /> 1�manthly paymen�s.If there�s a defcier�cy Qf Funds he[d�n esc�o�,a�defned under RESPA,L�nder
<br /> shall noti�jr Borrov�rer a�req�ired by RESPA,and Bar�o�er sha�!pay�a Lender the amvunf necessary
<br /> to mak�up the def ciency in accordance with RESPA,but in no more than�2 monthly payrnents.
<br /> Upon paymen�in fu�l vf al!sums secured b�r this 5ecur�ty lnstrument,Lender sha[�promptly refund
<br /> ta Borrower any Funds held by Lender.
<br /> 4. Gharges; Liens. Borrvwer shal� pay a[I#axes: assessmer��s, charges,fnes, and imposit�ans
<br /> attributab(e to�he P�oper�y which�an at#ain�riority Dve�th�s Security fnst�ument,l�aseho�d paymen�s
<br /> or grou��d ren�s on the Property,i�any,and Community Associatian Dues, Fees,and Assessments, if
<br /> any.To the extent that these i#ems are Escrow[tems,Borrav�rer sha��pay them in the manner pravided
<br /> in S�ction 3.
<br /> Bvrra�er sha�l prflmptly d�scharge any lien►r�hich has pri�rity oWer this Se�urity Ir�strurr�e��t un[ess
<br /> Borrower:�a3 ag�ees in wri�ing ta t��e paymen�vf the ot�ligativn secured by#he liet�in a manner acc�ptabl�
<br /> to Lender,bu�aniy sa long as Borrawe��s per�arming such agreement;{b}contests the iien in good fa�th
<br /> by,or de�ends agains#enforcement a�the I�en in,legal proceedings�rvhich in Ler�der's opir�ian❑perate to
<br /> pre��nt the�n�orcement vf the lien�r►rhi�e those praceedings are pending,bu�only untif such proceed�ngs
<br /> are concluded;or[c3 secures from the hold�r o�the fien an agreement satis�ac�oryt�Lendersubordinat€ng
<br /> the liet�ta this Security Instrument,[f Lender determines that a��y par�of the Prope�#y is�u�ject to a iien
<br /> which can atta�r�priority aWer this Security Instrument, Lender m�y give B�rrawer a notice identify�ng
<br /> the lien.Within'��days of the da�e on which that nvtice is g�Wen,Barrawer sha�l satis�y the[ien ar tak�
<br /> ane or more a�the ac�ions s�t fvrth a�oWe in this SeCtion 4.
<br /> Lender may r�quire Borro�►ver to pay a one-#ime charge fvr a real estate tax �erification andfvr
<br /> reparting service used by Lend�r in cvnnection with#his Loan.
<br /> 5. Praperty�nsurance.Borrv►�ver shaf[keep the ir�provements no�v ex�sting or her�after erected on
<br /> the Property insured agair�st loss by fir�,ha�ards in�luded��rithin the term"ex�ended co�erage,"ar7d any
<br /> vther ha�ards�ncfuding,but not[imited to,eart��quak�s and�Ivods,forwhich Lender requires insurance.
<br /> This insurance shali be maintained in the amounts�inc�uding deductib�e levels�and far the periads tha�
<br /> Lender r�quires. 1!ilhat Lender requir�s pursuant to the pre�ed�ng s�nter�ces can change during the
<br /> terrn of�he Lvan.The�nsurar�ce carrier p�aviding the insurance sha[i be chasen��Barrawe�subject to
<br /> Lender's�ight to disapprove B�rrov�rer's choice,which right shail not be exercised unreasonab[y.Lender
<br /> may�equire BorroVrer�v pay,ir�Connection vuith�his Loar�:either:�a}a one-time charge fvr flood zon�
<br /> determinatian,certification and#ra�king sen�ices;or��}a an�-time charge for flood zone determinat€an
<br /> and certif cation services and subsequent charges each time remappings vr similar changes a�cur which
<br /> reasnnably might a�fect such determinatian ar cert�fGation. �o�rower shall also be respons�b�e�vr the
<br /> payment of any fees imposed by the Federal Emergency Management Agen�y in connectivn with th�
<br /> re�iev�v of any�iood zone determinatian resulting fram an vbjec#ion by Barrovrer.
<br /> if Borrvwer fails to main�ain any of the co�erages described abaWe,Lender�nay obta�n insurance
<br /> caverage,a�Lender's option and Borrower's expense.Lender is ur�de�nv ob�igatian to purehase any
<br /> particufar type or amvunt❑f couerage.Therefar�,such co�e�age shall cover Lender,but migh�or might
<br /> nat protect B�rro��rer,Borrower's equity�n fhe Proper�y,or the contents of the Praperty,aga�nst any risk,
<br /> ha�ard ar�iabi�ity and m�ght pra�ide greater or lesser���erage than was p�evivusly in effeGt.Barrawer
<br /> NEgRASKA--Sir�gl�Family--Fan�tie MaelFreddi�Mac�NI�QRM INSTRUMENT Fos�m 3�28 1l�31
<br /> E[1ie Mae,[�c. Page 4❑f�� NELJDEED ���5
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