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<br />premiums, . if any, or any sums paya6le by Eorrower to Lender in 1 ieu of the payment of M�rtgage
<br />Insurance premiums In accordance with the provlsions of 5ection lU. These ilems are called "Escraw
<br />Items." At origination or at any tiroe during the term vf the Loan, Lender may recruire that Cammunity
<br />Assaciation Dues, Fees, and Assessments, if any, be escrowed by $orrower, and such dues, fees and
<br />assessmenls shall be an Fscrow Item. $orrower shall promptly furnish to L,ender all notices of amounts to
<br />be paid under lhis 5ection. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives
<br />Borrower's obligatlon lo pay the Funds for any ar all Escrow Items. Lender may waive Barrower's
<br />obligation tv pay to [.ender Funds for any or all Eserow Items at any tlrne. Any such waiver may oniy be
<br />in writing. Cn Ihe event of such waiver, Borrower s�all pay directly, when and where payable, the amounts
<br />due fpr any Excraw Ilems for which payment of �'unds has been waiued by Lender and, if Lender requires,
<br />shall furnish to Lender receipts evidencing such payment within such time period ax Lender may requfre.
<br />Bnrrower's obligation to rnake s�ch payments and to provide receipts shalt far all �urpases 6e deemed to
<br />be a cavenant and agreemeni contained ln this Securily Insirument, as the phrase "co�enant and agreement"
<br />is used in 5ection 9. If Borrower is o6ligated to pay Escrow ltems directly, pursuant to a waiver, and
<br />Borrower fatls to gay the amaunt due far an Escrow ltem, Lender may exercise its rights un�er Sectiun 9
<br />and pay such amount and Borrower shall then be obligated under Sectian 9 ta repay to Lendar any such
<br />amounl. Lender may revoke the waiver as to any or all Escraw ttems at any time by a natice given in
<br />xccnrdance with Sectivn 15 and, upon such revocation, Sorrower shall p�y to Lender all Funds, and in
<br />such amounls, lhat are Ihen required under this Secdon 3.
<br />Lender may, at any t1me, collect and hoid Funds in an amaunt (a) su.fficient tu permlt Lender to apply
<br />the Funds at the time specified nnder RFSPA, and (b) not to exceed the maximum arnount a lender can
<br />require under RESPA. Lender shall estimate the amount of Fw,ds due on lhe hasis of current data and
<br />reasanable estimate5 of eat}�enditures of future Eservw Items ar otherwise in accordance wittt Appllcable
<br />Law.
<br />The Funds shall be held in an institudon whose deposits are insured by a federal agency,
<br />instrumentality. or entiCy (including Lender, iF Lender is an institutian whase deposils are so insured) or in
<br />aay Federal Home Loan Bank. I,ender 5hall apply Ihe Funds to pay the Escrow Items no later thau the time
<br />speci�ied under 12ESPA. L,ender shall not charge $orrvwer fvr hplding and applying the Funds. annually
<br />analyaing the escrow account, nr verifying the Escrow ltems, unless Lender pays Borrower interest an the
<br />Funds and Applicabte Law pernills Lender to make such a charge. Unless an agreement is made ln writing
<br />or Applicable Law requires inlerest io be paid on the Funds, Lender shall not be required lo pay Bnrrower
<br />any interest or earnings on the Funds. Borrower and Lender can agree in wridng, hawe�er, that interesl
<br />shall he paid on the Eunds. Lender shall give io Borrower, without charge, an annual accaunting of the
<br />Fuads as required by RESPA.
<br />If there is a surplus of Funds held in escraw, as defined under RE5PA, T_.ender shail acoount to
<br />Borrower far the excess fuads in accordance with RESFA. If there is a 5hortage of Funds held ln escrow,
<br />as defineci under RESPA, Lender shall natify Borrower as required by RESPA, and Borrower shall pay to
<br />Lender the amount necessary to make up lhe shartage in accordance with FtESFA, but in no mare than !2
<br />mnnthly payments. If there is a def�ciency af Funds held in escrnw, as def3med under RESPA, Lender shall
<br />natify Barrower as required by RESPA, and Banower shall pay to Lender Ihe amouni necessary to make
<br />up the de�ciency in aecord�nce with RESPA. but in no more than 12 monthly pa,ymenls.
<br />Upon payment in full of a!I sums secured by this Security Instrument, Lender shall promptly refund
<br />to Borrower any Funds hcld by Lender.
<br />4. Charges; Liens. Barrower shatl pay all taxes, assessments, charges, tines, and iroppsitlans
<br />attribulable to the Property which can altain priurity nver tl�is Security Instrumeut, leasehv[d paymenis or
<br />ground rents on the Property, if any, and Cammunity Assaciation Dues, Fees, and Assessments, Lf any. Ta
<br />the extent that lhese items are Escrow [tems, Eorrower shall pay them 1n the manner provided in Sectlon 3.
<br />001122289352 �tiMortgage 3.2.4ZA7 VS
<br />N�FtASKA - Sing�e �am�ly -�annie MaefFroddie M�c UNIFORM INSTRIJMB�T WITH M6t�
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