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201200170
<br /> Any application of payinents, insurance proceeds, or Miscellaneous Proceeds to principal clue under the Note
<br /> shall not extend or post�one tlze due ciate, or change the amount, of the Periodic Payments.
<br /> 3. Fiuids for Escrow Items. Borrower s11a11 pay to Lender on tlie day Periodic Paylnents are due under tihe
<br /> Note, until the Note is paid in full, a siun(the "Funds") to provide for payment of asnounts due for: (a)taxes
<br /> and assessinents and other items which can attain priority over this Security Instrument as a lien oi•
<br /> encumbrance on the Property; (U) leasehold�ayments oi•grouird rents on the Property, if any; (c)premiums
<br /> foi•any and all irisurance�•equired Uy Lender under Section 5; and(cl)Mortgage Insur�nce premituns, if auy,
<br /> or any sums payable by Borrower to Lender in lieu oF the payment of Mortgage Insurance premiums in
<br /> accoi•d�nce with the provisions of Section 10. These iteins are called "Escrow Items." At origination or at
<br /> any tiine during t11e term of the Loan, Leilder inay require tllat Coimnunity Association Dues, rees, and
<br /> Assessinents, if any, Ue escrowecl by Borrower, and such dues, fees and assessments sh111 be an�scrow
<br /> Iten1. Borrower shall proinptly furnish to Lender a11 notices of amounts to be paid under tlus Section.
<br /> Borrower shall pay Lender the Punds for Escrow Iteins unless Lender waives Borrower's oblig�tition to pay
<br /> the runds for aiiy or a11 Escrow Items. Lender may waive Borrower's obligation to p1y to Lender Funds for
<br /> any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver,
<br /> Borrower sliall pay directly, when and where payaUle, the amounts due for any Escrow Items for which
<br /> payinent of Funds lias been waived bq Lender�nd, if Lender requires, shall furnish to Lender receipts
<br /> evidencing such payinent within sucli tiine period as Lender may require. Borrower's obligation to malce
<br /> such payments and to provid�receipts shall for all pi�rposes be deemed to be a covenant and agreemant
<br /> contaiiied in tihis Security Instrument, as the phrase "covenaiit and�greement" is used in Section 9, Tf
<br /> Borrower is obligated to pay�scrow Items directly, pursuant to a waiver, and Borrower fails to pay the
<br /> anlount due for an�scrow Item, Lender inay exercise its rights under Section 9 and�ay such aiiiount and
<br /> Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lendei�may revolce
<br /> the waiver as to any or all Escrow Itemg at any tisne by a notice given in acoordance with Section 15 and,
<br /> upon such revocation, Borrower s1za11�ay to Lender all Funds, and in such ainounts, that are then z•equirecl
<br /> under this Section 3.
<br /> Lender inay, at any time, collect and hold Funds in an amount(a) sufficient to pei•nut Lender to apply the
<br /> Funds at the tiYne s�ecified under RESPA, and(bJ not to exce�d the maximum asnount a 1erlder can xequire
<br /> under RESPA. Lender shall estimate the ainount of Funds clue on the basis of current dat� and re�sonable
<br /> estiinates oF expenditures of future�scrow Items o�otherwise in accorclance with Ap�licable Law.
<br /> The Funds shall be helcl in aii institution whose deposits are insured by a federal agency, instruinentality, or
<br /> entity(including Lender, if Leilder is an institution whose deposits are so insured) or in a�1y I'ederal Home
<br /> Loan Bank. Lender shall a�ply the Funds to p�y the�scrow Items no later th�n the time specified under
<br /> RESPA. Lender shall not cliarge Borrower for holding�nd applying the Funds, ailnually anllyzing t11e
<br /> escrow account, or verifying the�scrow Iteins, unless Lender pays Borrower interest on the Funds and
<br /> Applicable Law perinits Lender to inalce sucli 1 charge, Unless an agreeinent is inade in writiilg or
<br /> A�plicable Law requires interest to be paid on the�unds, Zender sha11 not be required to pay Borrower any
<br /> interest or eas•nings on the Funds. I3orrower�nd Lender can agree iri writing, lzowever, that interest shall be
<br /> p�id on the I'uiids. Lender shall give tio Borrower, without charge, �n u�nual accountiiig of the ruiids as
<br /> rec�uired by RESPA,
<br /> If there is a surplus of Ftin�ls held in escrow, as dafined under IZESPA, Lender sha11 account to Borrower for
<br /> tlie excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined tu7cler
<br /> RESPA, Lender shall notify Borrower as i•eqt,tiired vy RESPA, anci Borrower sliall�ay to Lender tihe amouiit
<br /> necessary ta malce up the shortage in accordance with RESPA, Uut in no more tlian 12 inonthly payments, If
<br /> there is a deficieiicy of Funds held in escrow, as de�ned under R�SPA, Lencler sli�tll notify Bori•ower as
<br /> 24000026
<br /> N EBRASKA-SIngle Fam ily-Fannie M ae/Freddle M ac UNIFORM INSTRUM ENT Form 3028 1/01
<br /> VM P Q VM PG(NE)(11051
<br /> Wolters Kluwer Financlal Services Page 5 of 17
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