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201109471
<br /> Any application of payments, insurance proceeds, or Miscellaneous Proceeds to princi�al due under the Note
<br /> sh�ll not extend or postpone the due date, or change the amount, of the Periodic Payinents.
<br /> 3. Ftuicls for Escrow Items. Borrower shall pay to Lender on t11e day Periodic Payments are clue under the
<br /> Note, until the Noie is paid in fall, a suin(the"T'uncls") to provide for payinent of amouilts due for: (aJ taxes
<br /> and assessments and other items which can lttain priority ov�r this S'ecurity Instruinent as a lien or
<br /> encumbrance on the Property; (U) leaseliold payinents oi ground rents on the Property, iF any; (c)premiuins
<br /> for any and all iustuance required by'Lender under Section 5; ailel(d)Mortgage Insurance preiniums, iP any,
<br /> or any sulns p���ble by Borrower to Lender in lieu of the payn�enti of Mo�tgage Instiirance premiums in
<br /> accordance with the provisions of Section 10. These items are called 'Bscrow Iteins." At origination or at
<br /> any time during the terin of the Lo�n, Lender may require that Coirununity Association Dues, Fees, aiid
<br /> Assessments, iP any, Ue escrowed by Borrower, and such dues, fees �nd assessn�eilts sh�ll Ue an�scrow
<br /> Itein. Bori•ower shall proinptly furnish to Lender all notices of ainounts to be paid under this Section.
<br /> Borrower shall pay Lender the Funds for�scrow Items unless Lender waives Borrower's obligation to pay
<br /> the I'unds for any or a11�scrow Itenls. Lender inay w�ive Borrower's obligation to pay to Lender Funds for
<br /> �ny or all Escrow Items a�any tisne. Any eu�h waiver inay only be iii writing, In the event of such waiver,
<br /> Borrower shall pay directly, wheii and where payable, the amounts clue for any�scrow Items for which
<br /> p�tiyment of Funds has been waivecl by Lender and, if Leiider requires, shall furnish to Lender receipts
<br /> evidencing such�ayment within such tiine period as Lender may require. Borrower's oUligation to�nalce
<br /> such payinents and to provide recei�ts shall for all purposes be deeined to be a covenant and agreement
<br /> contained in this Security Instrument, as the pluase"coven�nt and agreementi" is used in Section 9, If
<br /> Borrower is obligated to p�y Escrow Ilems directly, pursuant to 1 waiver, aild Borrower fails to pay the
<br /> ainouilt due foi• an Escrow Ttein, Lender inay exercise its rights under Section 9 and pay such ainount�nd
<br /> Borrower sha11 then be obligated under Section 9 to repay�o Lenc�er any such amount. Lender inay revolce
<br /> the waiver as to any or all�'scrow Iteins at any time Uy a notioa giveil in accordanee with Section 15 and,
<br /> upon such revocatiion, Borrower sh�till pay to Lender all F'unds, and in such amounts, that are then rec�uiied
<br /> under this Sec�ion 3.
<br /> Lender may, at any time, collec�and hold runds in an amount(a) s�iPrcient to permit Lender to ap�Iy the
<br /> Ftiirids at the time specified under ItESPA, and(b)not to exceed the inaximLU71 asnount a lender cail require
<br /> under RESPA, Lendar shall estiinate the amount of Funds due on the Uasis of curi•ent clata and re�sonaUle
<br /> estiinates of expenditures of fitt�u•e�scrow Iteins or otherwise in accordaiice with Ap�licaUle Law.
<br /> The runds sha11 be held in an institution whose deposits are insured by a federal agency, instruinentality, or
<br /> entity(including Lender, if Lender is an institution whose deposits�re so insured) or in any Pecleral Home
<br /> Loan Banlc, Lender shall appl�the Funds to pay the Escrow I�ems no latei•tlian the tiine speci�ed Luider
<br /> RESPA. Lender sha11 not charge Borrower foi•1lolding�nd applying the I'unds, �mivally analyzing the
<br /> escrow�ccount, or verifying the Escrow Items, unless Lender pays Borrower interest on the rtuids and
<br /> ApplicaUle Law permits Lender to inalce sucli a�harge, Unlass an agreement is inade in writiilg or
<br /> Applic�ble Law requires interest to Ue paid on t11e Funds, Lender shall not be reqilired to pay Borrower any
<br /> interest or earnings on tlie Tunds. T3orrower and Leiider can agree in writing, however, that interest shall be
<br /> paid on the Fuiids. Lencler sha11 give to Borrowar, without charge, an aiiuual accounting of the Funds as
<br /> requirecl by R�SPA,
<br /> Tf tliere is � surphis of Funds held in escrow, as da�ned uncler RESpA, Lender s1ia11 account to Borrowei�for
<br /> the excess fiinds in accord�nce with R�SPA. If there is a sllortage of I'unds held in escrow, as de�ned under
<br /> RESPA, Lender sha11 ilotify Borrower�s required by R�SPA, and I3orrower sha11 pay to Lender the amotiuzt
<br /> necessary to malce up tlie slzort�ge in�ccord�nce witli RCSPA, but in no more than 12 1norlthly payments, If
<br /> there is a deficiency of rtuzds held ii1 escrow, as de�ned under R�SPA, Lender sha11 notify Borrower as
<br /> 231235
<br /> NEBR4SKA-Single Family-Fannie MaelFreddie Mac UNIFORM INSTRUM ENT Form 3028 7101
<br /> VMP O VMP6(NE)(1105)
<br /> Wolters Kluwer Financial Services Page 5 of 17
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